In response to:

The Biggest Loser

Ned6 Wrote: Feb 02, 2013 11:42 AM
Wonderful article. The problem for countries that have printed too much paper is that they have worked themselves into a corner. If they eventually see the light regarding strong currencies, what will they do about their mountain of debt, since it will be more difficult to pay back the stronger the currency?

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...