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This is a huge Mistake for Switzerland

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"The move will work for a while, but the market will have more money in the end than the SNB.

The Swiss central bank risks losing a lot of money buying up lots of foreign currencies which they will eventually sell at a loss. Another risk is that the central bank will totally debase the Swiss franc trying to keep Switzerland 'competitive' which will then destroy the traditional Swiss financial industry.

So this is a huge mistake for Switzerland since they are going to suffer more either way."

(Jim Rogers in CNBC)

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