Even The Powerful Swiss Franc Gets Debased

The Swiss National Bank stole 9% of their citizen’s paper wealth in 0ne minute when it printed more debt/money to debase the currency. The Swiss have seen their currency rise dramatically as the Euro continues its demise. It has gotten so bad, that you would need $17 to buy a Big Mac in Zurich. In order to compete in this race to the bottom in currency devaluation, Central Banks and politicians bow to corporate interests and debase the currency. They do this to make their exports cheaper relative to other nations. This debasement is counterfeit thievery of the wealth of a nation for the short sighted profits.

Click to get gold and silver prices in Swiss Francs

A couple of weeks ago I predicted that the Swiss Franc would be debased on Kerry Lutz’s show. In the end, the Swiss Franc is fundamentally no different than the Dollar or Euro. It is another fiat currency backed by debt. When the faith in broken in the con game people will rush out of the paper and into real assets.

If you were one of the smart ones that did what I have been preaching for years and got out of ALL paper assets and into real assets like gold and silver, you would have a nice pop and at the very least retained your purchasing power. This is not the end of this kind of counterfeiting and it will become more dramatic as they try to sustain the unsustainable. There is not one paper asset in the world that will survive when the dollar collapses. This single largest event in human history will decimate all paper assets, as we finally learn what counter party risk means.

To all of you momentum monkeys trading paper with your technical charts and wave patterns; you are fools to trade in a manipulated market that is wrapped in an illusionary currency, built on the lie of debt. While you play musical chairs with your money, the wise have sat down in the final chair with our silver and just waiting for the music to stop. There will be no “do overs.” When the markets collapse, there you will be thinking if you had only listened and taken your paper wealth and purchased something of real tangible value. I cannot imagine the regret you will feel then.

“Silver has no top, because paper has no bottom.” -Silver Shield