> As a result of the financial crisis of 2008, the Swiss National Bank could no longer suppress the upward pressure on the franc in 2014 and the fallout was inevitable.
Wait what? The value of fiat went *up*?? I thought central banks were these evil entities that steal by depreciating the value of money. Up is good down is bad.
So which one is it now, is up good or bad?
Hey bud. Your energy seems a bit "gotcha!" when nothing they said contradicts what we know to be true a out central banks and devaluing fiat currency. You okay?
To answer your question. The value of one fiat only went "up" as measured by another fiat. The reality is they both fell in value, the Swiss frank just fell more gradually compared to the Euro that Austria was using. Both lost value to Gold however.
CHF is a safe haven currency as it inflated less rapidly than other currencies; hence, the upward pressure against the more rapidly inflating currencies such as EUR.
How did the value of the Swiss franc in terms of the products and services your business offers.
If you're using income form your business to pay off your loan then that's what matters, never mind gold.
Looks like you're a financially uneducated hick who with Bitcoin made a bad financial decision just like your uneducated parents made a bad financial Swiss franc decision.
Says the guy who is still dependent on the fiat income while others broke free with the help of #Bitcoin. Study harder, LOL
I doubt that you have income from Bitcoin.
Oddbean new post about login | logout