What has tradable value these days anyway.Land is valuable, but it’s not money because it’s not fungible.The assumption may be that the Swiss currency is backed by gold. You’re just mixed up about things in general. BTW; my actual knowledge/ understanding of this topic is so minimal I didn’t even know the ‘Swissie’ was still a hot number.
“That means that if we need to loosen monetary policy we still have the room to expand the balance sheet.”Schlegel’s comments come as investors once again train their eyes on Switzerland, which has spent the past decade battling inflows into its haven currency.They may want to test the SNB’s willingness to intervene to temper franc gains after the U.S. added Switzerland back onto its currency manipulator watchlist.The move drove a rally in the franc, sending it to its strongest in nearly three years against the euro.The recent uptick in investors’ interest comes almost exactly five years after the SNB shook global markets by scrapping its ceiling on the franc and introducing the world’s lowest interest rate.Schlegel said there is no alternative to the SNB’s negative interest rate, currently at minus 0.75%.Interventions are part of the SNB’s regular toolkit, though officials are rarely willing to discuss them.
Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.What Margin Debt is Telling Us About Markets / Technically Speaking Tuesday (Full Show EDIT) 9/1/20Interview mit Dr. THORSTEN POLLEIT: "ACHTUNG VOR DEM FIAT-GELD-SYSTEM".Bitcoin&Austrian Economics.2020-03-15 Retirement Lifestyle Advocates Radio w/ Alasdair MacleodOur World is Changing in Irrevocable Ways Who Will Win Claudio GrassEnding the Lockdowns Isn’t about Saving Money. A $39 billion loss in a quarter is not small. Instead, they keep falling for the SNB’s game which is now all set up to entice speculators to buy it so that it can SELL newly created CHF to them in exchange for foreign assets, at no cost. thats called lying. That’s what the SNB And this scheme then encourages speculators and others to pile into CHF and actually drive up its value, so that the SNB can then print an unlimited amount of CHF and hand them to those speculators in exchange for assets denominated in other currencies, such as Apple shares.As long as global speculators believe in this racket, the SNB can keep it going. Capitalism… it ain’t for the faint of heart.Oh brother, I apparently had a Flintstonian slip before bed last night; I woke up twice wondering about this……. With the Euro we came from 1.7 in 2009.
SNB appoints new delegate Fabian Schnell for regional economic relations for Zurich region. I know this is demented, but what the heck. 2020; 2017; Q+A Banknotes; Q+A Coins; Statistics. CHF bond investments.
Only a couple of weeks ago, if anyone told you that your entire country would be basically shutting down, that events and public gatherings would be outlawed, that you’d be looking at empty shelves in your local supermarket and that the global stock market would be on the brink of collapse, you’d never have believed them.“I prefer true but imperfect knowledge, even if it leaves much undetermined and unpredictable, to a pretense of exact knowledge that is likely to be false.” Friedrich August von HayekA new international platform is to be launched in Geneva to anticipate the effects of societal changes amidst the Covid-19 crisis, Swiss President Simonetta Sommaruga said on Wednesday. Nobody thinks in terms of human beings. “The balance sheet is the result of our monetary policy,” Martin Schlegel, one of the SNB’s alternate governing board members, said on Wednesday at an event in Bern. Graph and download economic data for Balance of the Remaining Balance Sheet Positions of Swiss National Bank (SNBREMBALPOS) from Jan 1975 to Jun 2020 about , and balance sheet. Those who wish for $10,000.00 per ounce gold do not know what a force ten hurricane that implies.Luxembourg is like Switzerland, but keeps a very low profile and adopted the Euro. Central Banks used to buy inert yellow and silver metals. Loading up your balance sheet on NYSE stocks provided an embarrassment of riches. To keep their pension scheme ‘somewhat’ solvent, they had to put assets somewhere, and equities were the only place left. But Switzerland has tourism and export oriented industry as well and they lobby for a stable ( by some definition of stable) exchange rate. At a news conference in March, its governor Thomas Jordan said simply that the central bank “is helping to stabilise the economic situation” through its “expansionary” monetary policy.“We must counteract increased upward pressure on the Swiss franc,” he added. Now they buy ownership of assets that pay dividends and accrue capital gains. But I’m not Swiss.
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