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Swiss Franc Devalued overnight

Discussion in 'Survival/Preparedness Forum' started by DoctaGlockta, Sep 6, 2011.

  1. The Swiss Franc was devalued by their central bank overnight.

    When the 'safest haven' currency can do this then it can happen to any of them.

    This is big news or as VP O'biden said 'A big f#$%ing deal'.

    Not sure what one can expect next from the markets except disorder and chaos.

    Keep sharp gentlemen.
     
  2. Deployment Solu

    Deployment Solu Kydex Crafter

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    My investment in gold is still good...Speer GoldDots, that is!!!!
     

  3. Bilbo Bagins

    Bilbo Bagins Slacked jawed

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  4. UneasyRider

    UneasyRider C.D.B.

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  5. JK-linux

    JK-linux

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    If it hurts the right people, then it could be a good thing. Who knows?
     
  6. I'm not sure most people understand how close we really are to the brink of global financial fubar.
     
  7. cyrsequipment

    cyrsequipment Angry

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    They think that Obama will fix everything, right after he lowers the sea levels.
     
  8. gotplastic

    gotplastic

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    Not big news actually, it's been expected and widely written on. They did it because they are the 'safe haven' currency and want to limit the rise in their currency. By tying it to the euro and intentionally devalueing it on purpose it restores the strength of currency for visiting tourists, exports, etc... The dollar is still in trouble, but this is not a big deal.
     
  9. Akita

    Akita gone

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    This is what I was going to post, but you did it much more intelligently. :thumbsup:
     
  10. cowboy1964

    cowboy1964

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    Europe is what's going to crash everything globally. Germany or someone will walk away from the Euro and that will be that. Unfortunately I entirely expect the U.S. and the IMF to bail them all out instead, adding trillions more to our debt.
     
    Last edited: Sep 6, 2011
  11. BORNGEARHEAD

    BORNGEARHEAD

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    NWO. It's all part of the plan. :whistling:
     
  12. racerford

    racerford

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    What the Swiss Franc was devalued? OMG I guess that means their economy is going to crash and they will become a 3rd world country in a matter of weeks! Massive inflation will be just around the corner!
     
  13. gotplastic

    gotplastic

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    Germany is fine, they won't bail the EU on their own though. As long as France holds together than the EU is fine. If France falls then Germany bails on the Euro. The US and IMF can't bail them out, the IMF is just a bank with various gov'ts as their depositors, if the gov'ts dont have money to deposit then the IMF doesnt have money to lend.
     
  14. cowboy1964

    cowboy1964

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  15. gotplastic

    gotplastic

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    I agree, there are a lot of people saying it, but there is a major gap between 'possible' and 'probable'. Germany is about the best run industrialized country out there right now. I'm pretty sure they are smart enough to understand the ramifications of staying or leaving with the Euro; even without the guidance of 'the blaze'. As long as they are not alone in providing support for the Euro they have more to lose in leaving.

    The EU collectively has too much to lose right now if the Euro fails. They'll stick together and ride this out till things stabilize. I suspect then they will begin a more organized approached to breaking some of the tight ties that got them into this mess. That's probably more 5-10 years from now.