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Switzerland May Be Preparing for the End of the Euro
Swiss Frank Show this Post
01-17-2015, 05:12 PM #1
Swiss Frank Incognito Anonymous
 
Something is brewing in Europe now that has the Swiss National Bank worried.

If you haven’t been paying attention in the last 24 hours, the currency and equity markets have been rocked by a surprise move to delink the existing currency peg between the Euro and the Swiss Franc. This move has set off what many are calling a “financial tsunami” that could leave behind a path of destruction across the continent.

Waking up to find that the local Swiss ATM will not dispense Euros may be viewed as a short-term inconvenience to the average man on the street, but learning that depositing your money in a Swiss bond with maturities of less than 7 years will cost you money, is catastrophic. It is worth repeating, if you lend or deposit your money with the Swiss, they are going to charge you, not pay you.

Negative interest rates are never a sign that things are getting better–quite the opposite. The current yield curve movement indicates a growing concern that things are deteriorating. The further out on the curve the negative rates go, the greater the perceived danger. From the recent moves, many would conclude that Europe is in serious trouble. Yesterday, the Swiss stock market responded by crashing–experiencing its worse daily drop in over two decades, while its currency skyrocketed.

the rest ~ breitbart.com

mother of all bubbles about to pop
01-17-2015, 05:15 PM #2
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Preparing for Grexit?
01-17-2015, 05:15 PM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,396 Threads:1,439 Joined:Feb 2011
Uh oh 13.gif

wonder.gif
01-17-2015, 05:45 PM #4
SpiritMasonChazz Member
Posts:975 Threads:102 Joined:Jun 2014
Gold & Silver are up a little over the past couple of days


Gold $1,280.69 up16.59 Silver $17.85 up.63

I was buying some silver at 15.50 to 16.00 spot = 20.00 shipped now it in the 25.00 range for individual coin purchases.

Unfortunately my collection is only about 10 1oz coins & 1 5 oz coin since I gave almost half away on Christmas.
01-17-2015, 06:01 PM #5
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
My dealer wants $30/oz I laughed. But he got it (not from me).
01-17-2015, 06:08 PM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,396 Threads:1,439 Joined:Feb 2011
Pretty pricey.

wonder.gif
01-17-2015, 06:30 PM #7
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(01-17-2015, 06:08 PM)JayRodney Wrote:  Pretty pricey.

Yeah. Ouch.
SNB has been buying Euros in the last 3 years, €600B. And a wee bit of trouble finding places to put it.

İmage

Blue to the CHF peg, green after the peg, and pink Unpegging on the 15th.
01-18-2015, 03:43 AM #8
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
ECB may announce QE on the 22nd. If they go that route (and the SNB action on Wed. indicates they might) then it's over the side and damn the barracEUda. At this point, with Greece (massive bank runs the last two days) exiting, BRICS on their own ship and Russia by-passing Ukraine pipelines, there's not much hope for the EU ship of fools.

Got Rubles? Oh wait... Russia shut down all FX trading lmao.gif

popcorn2.gif
Anonymous Kritter Show this Post
01-20-2015, 01:40 PM #9
Anonymous Kritter Incognito Anonymous
 


01-23-2015, 03:52 PM #10
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Carnage for the Euro today

European Bloodbath: Freefalling EUR Plummets On Broad Liquidation Puke

Guess the Swiss saw it coming.
01-23-2015, 04:02 PM #11
Octo Mother Superior
Posts:43,018 Threads:1,474 Joined:Feb 2011
Conscious uncoupling

chuckle.gif
01-23-2015, 04:08 PM #12
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,396 Threads:1,439 Joined:Feb 2011
How's the QE you announced yesterday working out for ya' eh? damned.gif

wonder.gif
01-23-2015, 04:46 PM #13
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
Chaos.

Biere.
01-23-2015, 05:25 PM #14
Ruby Wolf Member
Posts:10,786 Threads:721 Joined:Oct 2012
So they're returning back into a nazi haven war neutral economy dependent upon vast stolen stashes of looted silver and gold...

Ripped from the mouths and fingers of the countless gypsies and jews and russians they helped murder?!

İmage

İmage
01-25-2015, 04:19 PM #15
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
İmage



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