Jim Rogers: You Swiss fools( Oh, and buy RMB, LOL)

1.2003 will do.

 

why would they defend USDCHF Sherlock? they care about EURo which is where most of their stuff is exported to.

nice article here: http://uk.reuters.com/article/2011/09/08/uk-swiss-snb-intervention-idUKTRE78723920110908


nb.: i exited today my long EURCHF as the next few days may be a bit challenging on Greece front (especially tomorrow when the deal with bondholders fails). looking for a better exit closer to 1.2000.

 

Nobody in this business is unbiased. Keep this in mind and your decisions will be better.

 

correction in red. sry

 

oh, by the way. the Greece will default this weekend.
Portugal, Ireland, Italy will also in October.

SNB remedy: buy any amount of EUR currency

Swiss citizens: well, you're experts, lets do it!

 

Now you're just being silly, DT...

Do you understand what the SNB actually does when it buys EUR?

 

yes, it buys the greatest, safest and most rewarding assets in the western world

Swiss banks could capture massive amounts of money which will be taken out of german, french, spanish banks. But they've chosen to sink on the same boat. Hilarious.

 

Yep, that's right, they buy short-dated German bonds... So what do you think is going to happen to German bonds if Greece defaults and the rest of the PIIGS follow?

 

oh, nothing. banksters will print more and everything is going to be just fine.

 

Ah, OK, so you actually don't have a clue what's going on and are just sorta generally making random statements?