The future of our business The Swiss $ move

Those of you who have known me for a while know that I am a survivor and know my views on the future. The following is strictly my opinion and expressed only so you can decide for your selves. It is not a political statement.

Yesterday 2 very important things happened in the world of finance. One the commodities marked but more importantly is #2 the Swiss stopped artificially holding down the value of the Swiss Franke (however it's spelled) I believe those who control the markets had fore knowledge of this and that is why the market crashed. within a couple of hours the value of the Swiss $ increased by 30%. I wont get into why because it would take an entire education on money markets. But the Swiss $ is the most respected currency in the world. The reason is simply that they are the bankers of the world. imagine the guy who holds the bet between two guys until the winner is chosen and you have the Swiss bankers. it is very rare they let the Swiss $ float free with out holding it down, you will see very soon why.

The last time they made this move several countries who's currency was tottering on the brink collapsed, Thailand, Argentina, and Zimbabwe to name a couple.

When you collect scrap there are some common items that may well be very valuable if TSHTF Items easy to convert to useful items. Shelf brackets, angle iron iron sheeting etc. you may want to start a stash pile for personal use or trade. just sayin.

The Swiss have been the worlds "banker" for a long time. The oldest coin in my collection is a Swiss 5 Rappen 1850 silver (billion). Swiss Franc and the Germans call them Franks. All good info Olddude, I think we are about to see the collapse of the Euro experiment soon.

Reminds me of when the US market came close to crashing 6 years ago. It's a snowball, thanks for sharing.

Francly my dear......

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Originally Posted by logansryche

Reminds me of when the US market came close to crashing 6 years ago. It's a snowball, thanks for sharing.

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It did crash 6 years ago. Its been propped up to the tune of $80billion a month of printed money.

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Originally Posted by PartTimeScrapper

It did crash 6 years ago. Its been propped up to the tune of $80billion a month of printed money.

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Not fully but really close(like two points close). I'll admit it's been touch and go since then. With the continual drop in things, the world should give up and switch to caps as currency.

As the printing press prints on & on, on, on?

yup.

A little Swiss money history. Modern Switzerland as we know it really started in 1848 as the Switzerland Federation. First coins and currency printed/minted by this federation 1850. Pegged to the French Franc. In 1865 the Latin Monetary Union established between four European countries (France, Italy, Belgium and Switzerland). So the modern Euro currency, was not the first attempt at a European standard currency. Post World War I, the Swiss government make it a law, that their currency be backed by a minimum of 40% gold backing. This is when the Swiss Franc becomes a "safe haven currency" for money investors. 1936 the Swiss Franc has it's only devaluation by 30% (the world is in the middle of a world depression & war is breaking out globally). 1945 the Swiss join the "Brenton Woods System" essentially pegging the Swiss Franc to the U.S. dollar. In 2000 the Swiss lower the backing of their currency to gold down to 20%. From then 2005 they sell off half of their gold holdings. In 2007 the $hit hits the fan for all of us and the printing press rolls on!

A little Swiss money history. Modern Switzerland as we know it really started in 1848 as the Switzerland Federation. First coins and currency printed/minted by this federation 1850. Pegged to the French Franc. In 1865 the Latin Monetary Union established between four European countries (France, Italy, Belgium and Switzerland). So the modern Euro currency, was not the first attempt at a European standard currency. Post World War I, the Swiss government make it a law, that their currency be backed by a minimum of 40% gold backing. This is when the Swiss Franc becomes a "safe haven currency" for money investors. 1936 the Swiss Franc has it's only devaluation by 30% (the world is in the middle of a world depression & war is breaking out globally). 1945 the Swiss join the "Brenton Woods System" essentially pegging the Swiss Franc to the U.S. dollar. In 2000 the Swiss lower the backing of their currency to gold down to 20%. From then until 2005 they sell off half of their gold holdings. In 2007 the $hit hits the fan for all of us and the printing press rolls on!

Sorry for the double posting was doing a edit and now I have two!

Isn't it technically a triple post then? But yeah, you and olddude are right about the printers rolling while everyone else is in a crisis. The world works in ways that makes the normal brain explode.