Saturday, January 17, 2015

Rick Rule on Oil and Peter Schiff on Switzerland ditching its currency cap

From Boom Bust

Published on Jan 15, 2015

The Swiss National Bank shocked financial markets on Thursday by ditching its policy of capping the Swiss Franc to the Euro. The unexpected move sent the safe-haven currency souring up as much as 41% against the Euro. Stocks plunged amidst fears of what this would do to Switzerland’s very export reliant economy. It was the biggest single-day depreciation in a major currency of all time! Erin weighs in.