LOL, the SNB didn’t have ANY balls. They had a gun to their head (look at the Euro today), and despite a month of anti-referendum propaganda (to “maintain flexibility” to maintain the Euro peg), and even promising to do so three days prior, were FORCED to abandon the peg.
They are the most cowardly monsters on the planet, which is saying a lot.
Mike
on January 23, 2015 at 8:33 am
Everything always happens for a reason.
I do agree that the SNB missed the mark when voting down the return to gold backed fiat but after taking a swift kick in the balls they took the next action they could, this considering what they would be faced with this week.
In any event the tides are turning and a full scale currency war is under way.
Now we wait and see what Germany does..
I expect to see many more bankruptcies and failures due to this Swiss decision and the oil price drop.
I also agree with your statement that there are many monsters out there.. We need a monster slayer.lol
Its not loading Andy.
Yep, it will be re-uploaded right now.
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Thank you andy for a reality check on what is really going on in the markets! Can I buy you a beer?
You’re welcome, and absolutely!
Great audio blog Andy.
It appears that the Central Bankers Montra is (never admit that you made a mistake).
At least the SNB had the balls to admit to themselves that maintaining the peg would be ultimate a huge error.
So they took their medicine and positioned themselves to save their currency.
They had better start rebuilding their gold stack now before time runs out.
Europe is in a depression. The world is in a major currency storm.
There is no way around the storm. We simply have to lash things down and make our way through the storm.
If you do not have some physical precious metals in your pockets holding you down you are going to get swept off the deck.
The State of the Union speech seemed to me to be so far off the mark that it was hard to even listen to it.
I was numb from some of the statements made in the speech.
The crisis is over statement is above logic.
The crisis is at our doorstep.
Thank you Andy for all the updates recently.
Appreciate the amount of time it takes you to put these pieces together.
LOL, the SNB didn’t have ANY balls. They had a gun to their head (look at the Euro today), and despite a month of anti-referendum propaganda (to “maintain flexibility” to maintain the Euro peg), and even promising to do so three days prior, were FORCED to abandon the peg.
They are the most cowardly monsters on the planet, which is saying a lot.
Everything always happens for a reason.
I do agree that the SNB missed the mark when voting down the return to gold backed fiat but after taking a swift kick in the balls they took the next action they could, this considering what they would be faced with this week.
In any event the tides are turning and a full scale currency war is under way.
Now we wait and see what Germany does..
I expect to see many more bankruptcies and failures due to this Swiss decision and the oil price drop.
I also agree with your statement that there are many monsters out there.. We need a monster slayer.lol
The TRUTH might be the monster slayer.
Yep, “many more bankruptcies” will be the understatement of history!