Tag Archives: 1.) Jay Taylor on SNB

John Rubino and Patrick Highsmith of Firefox Gold return as guests on this week’s program. The Swiss National Bank (SNB) loaded up on some of the largest cap stocks in the world like MSFT, GOOG, AMZN, TSLA, XOM and many more in order to weaken the Swiss francs vis-a-vis the Euro and the Dollar.  But these purchases have now resulted in a 132 billion Swiss francs loss in 2022, the biggest annual loss in the SNB’s history. The total amount of “Foreign currency...

Now here’s the headline! Swiss National Bank loses nearly $143 billion in first nine months Reuters reported the Q3 result last week, in which Switzerland’s publicly traded central bank (SNB) suffered its largest loss in its 115-year history. The news release reads beyond belief, not because of the unprecedented amount of value that was lost, but just how nonchalantly this legal counterfeiting ring is being downplayed. The loss … was slightly more than the annual...

The latest quarterly filing statement of the Swiss National Bank (SNB) has been issued. Switzerland’s publicly traded central bank had a decrease in the value of its US stock holdings by around $5 billion in Q3 of 2021, ending the quarter with a value of $157 billion. SNB currently has a profit of over $40 billion for the 9 months ended in the year. Perhaps subjective, it looks like a banner year for an entity who turns a profit through currency manipulation. As for...