
“The SNB raked in ENORMOUS investment profits because they printed hundreds of billions of francs, which inflated the prices of assets that they themselves were buying. And today, because of those artificial investment gains that they engineered for themselves, the SNB is now the most profitable company in the world. Oh, and just so you know the other half of the story, while the central bank is raking in record profits, total debt in Switzerland has skyrocketed.”
Related posts:
"We're building a domestic army": Marine Corps Colonel speaks out
Still no list of Q4 2012 ex-Americans in the Federal Register
Upturn Millionaires: How to Play the Turning Tides in Precious Metals
Russian rocket engine export ban could halt US space program
US Photo Enforcement Market Becoming Less Profitable
Reuters: Europeans Demand Government Action to Subdue U.S. Internet Surveillance
"Startup Cities," Honduras, and Experiments in Freedom
PayPal Cuts Off VPN Provider iPredator, Freezes Assets
Grand Jury Rejects Indictment of Teen Arrested for Rap Lyrics
How times have changed: Eric Schmidt on privacy in 2009 and today
Louisiana: Cops Used Red Light Cameras For Personal Profit
What It Means to Be An NSA "Target": We Need Immediate FISA Amendments Act Reform
Cop Punches Restrained Man In Testicles, Another Has Foot On His Head
Americans and South Koreans Want Peace. Will Trump Listen?
Traffic Camera Company Uses False Threats To Extract Ticket Payment