Thursday, January 15, 2015

Bank Run in Geneva?

There are long lines of people at banks in Geneva as people realize a windfall of 30% overnight by converting Swiss francs into Euros. And that is how quickly your dollars will become devalued in the future when the petrodollar collapses. What measures are you taking to protect your financial assets? David DeGerolamo ~~~~~~~~~~~~~~~~ Moscow… Or Geneva? A month ago, when the Russian Ruble was crashing, developed nations were delighted to poke fun of Russians who lined up in front of currency exchange kiosks, supposedly to convert their rapidly devaluing Rubles into Dollars or other rising fiat. More…



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