Registered: Jul 2011
08-06-12 03:56 PM
What's there to think about? We know all that. Of course there's no risk for inflation, they are hoping for it in fact, like the report mentions because the deflationary risks are much worse for their economy.
If my knowledge of history isn't too far off, I'd say this is the most forceful enforcement of currency value in history. They are literally tied to the Euro and probably will be for another 2 years at least, until they can manage some "inflation" (or the Euro recovers). The amount of money the Swiss have is impressive, so it's bound to be a historical enforcement.
Just remember the UK government in the 80s saying the same thing about the Pound-USD... They lasted, what, a few weeks? Heh.