BREAKING -Swiss National Bank sets minimum exchange rate at CHF 1.20 per euro

forgot the link


[link to www.snb.ch]

Funfact: The largest part of the so called Swiss National Bank owned by a german investor named Theodor Siegert.

very nice...there are no 0 safe haven currencies other than gold and silver

..i'm not even sure, whether this is good or bad news, but it seems like a reasonable step to me. it was also expected.

i would have liked them trying to bind the currency to something else, like SDR's or to the value a certain amount of energy has.

I can assure you this document is a fake

that is fucking nuts, the EUR/CHF just went up 1,000 pips in a minute.

no, it's real.
check [link to www.tagesschau.sf.tv]

I can assure you it's not fake, a 10% move in the EUR/CHF tells me it's true.

You're right, my fault, very sorry...

Wooooo, shocking, thanks for the info, nothing mentioned on the radio here...

just give them a few minutes.. glp is very fast with stuff like this. :)

thank you globalist shill

AP REPORTS IT

[link to news.yahoo.com]

gold seems to climb up quickly"

[link to www.goldprice.org]

GENEVA (AP) — The Swiss National Bank has decided to fix the country's exchange rate at 1.20 francs per euro and indicated it would buy an unlimited amount of euros regardless of the risk to maintain that value.

Swiss Market 5,365.55 4:21AM EDT Up 222.56 (4.33%)

wow.

Seems like silver is on a bungee rope too.

Hmm the rest of the europe markets doesn't seem to care much..

[link to www.sgxniftydowfutureslive.com]

A few days and euros collaps again

anybody from switzerald should be rioting here. Your government is selling you out. You just had 10% of your savings wiped out

Is it still "free market"??

The U.S. dollar will come around to the same thing shortly.
Within the next 2 months. Strong dollar is bad for exports don't ya know ?.

LOL

SNB just became "everyone's best friend" as it stated that it will buy unlimited amounts of foreign currencies in an effort to maintain its new floor for EUR/CHF at 1.20. It will be buying French and German government bonds on a huge scale, says Societe Generale. "It will help stabilize the situation in Switzerland and will also help the situation in Europe,"

Where is Societe General getting all the money to do this >?
I know they got a bunch of Benny bucks hot off the press from the U.S. !

Man, this is going to end bad !

we already know that. it's nothing new. we should have rioted when they sold us out to UBS in 2008.
but the SNB is not the govt, it's a private institution and they can do whatever the fuck they want. :|

Now that the Franc is no longer a safe haven where to next ?

The Chinese Yuan.

:money:

So what happens now? Where do all the investors look to place their money?

China

COOOL! So China will then own the other 50% of the world that they dont have.