Friday, January 11, 2013

Switzerland: From Daddy's Little Girl to A Strung Out Streetwalker

By, Chris Rossini
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Switzerland, a country which, thanks to its relative pursuit of capitalistic policies, has had the highest standard of living in continental Europe.

But sadly, like a sweet and innocent teenage girl, Switzerland couldn't resist the bad boys.

It put up a good fight, for sure. Its currency still had a constitutional gold backing until 2001. And it resisted membership into the UN until 2002. But slowly, and surely, the bad boys wore away all of the good values Switzerland had learned.

The saying still holds true: "Birds of a feather flock together." And after some time has now passed, the sweet innocent girl has grown up to be a strung out streetwalker.

There's no better way to destroy all that is good in civilized society than by debauching the currency.

In the middle of 2012, Bob Wenzel reported in The EPJ Daily Alert:
Consider Switzerland. Swiss state money—the money produced by the Swiss National Bank—was 305 percent higher in July 2012 than in July 2011.

As a result, Switzerland’s total money supply grew at a 10 percent year-over-year rate in July 2012.
The Wall Street Journal now calls the Swiss Central Bank:
...the globe's biggest risk-taker.
WSJ also provides a picture which speaks for itself:

But hey...all the bad boys are doing it:
Nearly every major central bank is buying nontraditional assets to resurrect domestic economies in the wake of the worst global recession in 75 years. The U.S. Federal Reserve is buying mortgages; the European Central Bank is making unusually long loans to banks; and the Bank of Japan is buying real-estate investment funds.

All risk losing money, but Switzerland's exposure stands out in character and scale: Its central bank is buying assets from other countries and its holdings of currencies, bonds, stocks and gold—nearly 500 billion Swiss francs, about $541 billion—are nearly the size of the nation's gross domestic product. 
This won't end well.

It's already obvious that the U.S., Europe, and Japan are headed for financial armageddon. They're all toast.

But what a shame that they were able to spread their disease to a place like Switzerland.


  1. Chris,

    I'm very impressed by your recent articles and increased exposure here on EPJ. Do you, or EPJ, have a bitcoin tip/donation address?

    1. James...very kind of you.

      I do not as of's on my todo list to create a bitcoin acct.

  2. It would be interesting to see what would happen if one country decided to buck the trend and go onto a 100% gold coin standard. I have to believe its citizens would reap enormous benefits as foreign investment rushed in.

    It certainly beats waiting for the fiat paper tsunami to come crashing down.

  3. I've read in Peter Schiff's book about the Swiss franc being a good investment via a via the dollar. Do these numbers you're reporting out of Switzerland put that investment strategy on its head? Thanks

  4. There is nowhere to hide.

  5. why so down on streetwalkers? more likey she got a job at the health and human services dept after completing a womans studies degree.

  6. Well... just when I was about to learn German and move out to Switzerland to escape the coming storm, I read this. I suppose there really is nowhere to hide, as a previous commenter noted.

    1. There is nowhere to hide but there are better places than others to weather the storm. The long tradition of private gold ownership and industry in Switzerland, not to mention true democracy and gun ownership, more than makes up for their central bank having been hijacked by pro-EU banksters. Also, don't bother learning German before you go visit the place to decide if it's for you. Younger people and people in the big cities speak a good deal of English (even if they don't like to).

  7. Since EPJ reported a story about Freud, I thought I would post here an excerpt from C. G. Jung, who was a Swiss psychologist (in case anybody didn't already know that), concerning inflation. It is from "Psychology and National Problems" (1936). Prior to this quote he is discussing the illusory nature of the state and the energy-depleting nature of democracy. I have slightly amended the grammar and translation from the version in the collected works. "Together with these illusions goes another helpful procedure, the hollowing out of money, which in the near future will make all savings illusory as well as the cultural continuity guaranteed by individual responsibility. The State takes over responsibility and enslaves every individual for its own ridiculous schemes. All this is done by what one calls inflation, devaluation, and most recently, "dilution", which one should not mix up with the unpopular term "inflation". Dilution is now the right word and only idiots can't see the striking difference between this concept and inflation. Money value is fast becoming a fiction guaranteed by the state. Money becomes paper and everybody convinces everybody else that the little scraps of paper are worth something because the state says so."

    1. "... the cultural continuity guaranteed by individual responsibility. ...

      The State takes over responsibility and enslaves every individual for its own ridiculous schemes. All this is done by what one calls inflation, ..."


      Exactly what I've been telling People.

      Especially that first part, that is key, imho.

      - IndividualAudienceMember