As I have been saying for a long time, no matter how much the federal reserve prints, no other nation will ever let the dollar fall with respect to their currency. To keep their export machine humming, they will take it as a personal challenge to print some more...savers be damned.
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Ah, is the currency war beginning? Shall we call James Rickards?
What is this currency war?
War to become the so called global reserve currency?
Or war to devalue and print?
These two seem the exact the opposite.
Total stupid. The swiss was doing this many years with euro.
I think it is better to support production with this money then giving it to eu banksters so they can increase euro money supply even more.
Instead of buying euro the swiss can also increase chf supply and spend it for their own people and industry.
Increasing the chf supply will have the same effect on the exchange rate in the medium term.
The EU is Switzerland's biggest trade partner. How do you think folks will spend the extra CHF?