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To: dennisw
I saw a headline about negative rates in Switzerland of all places

They've had those forever. Basically you pay them to store your wealth in their currency in the hope they don't debase it. Worked for a while until they were pressured into devaluation by their exporters and by US authorities.

21 posted on 11/25/2015 4:38:08 PM PST by palmer (Net "neutrality" = Obama turning the internet over to foreign enemies)
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To: palmer
"Basically you pay them to store your wealth in their currency in the hope they don't debase it."

China Planning A 20% Yuan Devaluation By Next Year?

Is China Quietly Planning A 20% Devaluation?

22 posted on 11/26/2015 6:30:18 AM PST by blam (Jeff Sessions For President)
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