Peak Cantillon Effect: Swiss National Bank Prints Its Way To Prosperity

“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.”

Read more: http://www.thedailybell.com/news-analysis/this-funds-investment-performance-rivals-bitcoin-puts-warren-buffett-to-shame/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin