In response to:

The Biggest Loser

jtom Wrote: Feb 02, 2013 10:19 AM
It is a great insightful observation. It has been a puzzle for me when people say that by printing more money, one can solve the current recession problem. That is what Bernanke, Obama and Krugman think about the current problem. They think by spending borrowed and printed money, we can solve the unemployment problem, without realizing that employment is not the problem at all.

In Switzerland, it's not just the clocks that are cuckoo. Over the past four years Swiss politicians and central bankers have gone on an unprecedented buying spree of foreign exchange reserves. In 2012, their cache swelled to as much as $420 billion worth of various currencies, primarily the euro. This figure is a seven-fold increase since 2008 and equates to 70% of the country's annual GDP. 

The sum translates to $200,000 per family of four, enough to keep the Swiss in clocks, chocolates, and fondue for many years to come. The Swiss leadership will claim the money has been "invested" with...