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Switzerland Loses Currency War Swiss Win – Ep. 44

The Peter Schiff Show

  • The Swiss people have given up the inflation ghost to win the currency war
  • Media reports negative on the news: “silly decision”
  • Oil down against the Swiss Franc
  • Swiss stocks up in U.S. dollars
  • Wall Street expects Eurozone QE, but without Swiss, QE might be less likely
  • Gold up against other currencies
  • Franc surging in value against the dollar
  • This move may signal economic reform
  • Unfortunately Janet Yellen is not going to get this memo
  • Volatility from Swiss move is nothing compared to consequences of a U.S. QE 4
  • This move is bearish for the U.S. market
  • Buckle up, it’s going to be a bumpy ride