In response to:

The Biggest Loser

SMyles Wrote: Feb 02, 2013 8:45 AM
The biggest losers will be the poor chumps who "did the right thing" by living frugally and saving and are now living on fixed incomes.
RickCaird Wrote: Feb 02, 2013 11:28 AM
That is exactly my point, too. Bernanke has made it impossible for people to live off the earnings of their savings and is forcing them to eat their "seed corn". I maintain Rick Perry was right: Ben Bernanke is guilty of treason.
SMyles Wrote: Feb 02, 2013 1:57 PM
I agree Rick. I'm one of those idiots that saved and scrimped.

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...