TND Podcast Spotlight: The Daily Coin | The Swiss National Bank (SNB) sent shock waves through the financial markets today, January 15.2015, when they announced the Swiss Franc would no longer be pegged to the Euro. The shock grew in intensity when they further announced, not only would they continue with the NIRP (Negative Interest Rate Policy) but they were in fact going to steal even more currency from savers by dropping their negative interest rate from -0.25 to -0.75. Which of course means that if you had the equivalent of $100,000 in the SNB this morning, this afternoon you would have lost $750–in one day!! Craig explains all the details and implications of the Swiss leaving the Euro behind and “saving themselves”. Since 2008 the entire financial world has been turned upside down.
Read more about Swiss National Bank Tells the World – “We’re Getting’ Off This Train!” – Craig Hemke TFMetals Report
No comments:
Post a Comment