Wanna buy some Swiss francs? Switzerland will be happy to print some up for you.
Disgusting. A world of paper money where responsible countries think they must debase their own currencies because of the irresponsibility of the rest.
The truly sad part is that most people will think this a perfectly sensible move -- and, given the current situation, they may be right. Sigh.
The Swiss National Bank reacted Wednesday morning 3 August to the rapid rise of the Swiss franc”
Well, good heavens, SOMETHING has to go up!
(It appears eventually, however, that only gold is going to go up, since all currencies are basically now the same.....).