Swiss National Bank Suffers Big Losses - Matterhorn - GoldSwitzerland1

Swiss National Bank Suffers Big Losses

King World News weekly – April 10, 2015

Egon von Greyerz: “Eric, the madness of central banks is continuing. We’ve discussed in the past that the Fed has no policy and not a clue what to do next. Their latest minutes confirm this. As I have repeatedly said, the Fed only reacts to economic events and they have no proactive policy. This is exactly what they have confirmed in their latest meeting. Any policy reaction or decision is data-driven. And since U.S. data will continue to deteriorate, the Fed may not raise rates this year….

In this interview:

  • SNB continues to suffer staggering losses
  • Central Bank maddness
  • Profits do not return to the real economy
  • Gold buying from the East

Click here to read the interview