Will China Pull a “Switzerland” on the U.S. Dollar?
Jan 17, 2015•24 min
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Episode description
* Thursday, January 15, will be remembered as the day Switzerland abandoned its peg to the Euro
* The Swiss defended their policy to peg to the Euro, but suddenly reversed, limiting their losses
* They admitted they were wrong
* Although the Swiss stock market went down in their currency, it was up in every other currency
* Gold is up against everything except the Swiss franc
* The news in the Swiss market will be a tremor compared to the earthquake if the Chinese abandon their peg both to the Hong Kong Dollar and the Yuan
* America will win the currency war to the detriment of the American people
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