Swiss 2Y Rates Plunge To -43bps As All Trust Is Lost !
- The fear in the financial markets is palpable! Do not believe in all the ‘we have a small problem but our leaders will resolve them, no worries!’ BS coming from the MSM. If not for the blatant manipulation of all financial markets, and especially the stock market, the meltdown would have happened quite some time ago. The reality now, is that the coming global economic, financial and currency collapse will be even worse! This time round even blatant money printing and manipulation will not save the financial markets. It will lead to a currency meltdown and lead us all into a hyperinflationary collapse! Got physical gold yet?
Swiss 2Y Rates Plunge To -43bps As All Trust Is Lost!
by Tyler Durden, www.zerohedge.com
A near-record single-day plunge in rates for Switzerland’s 2Y interest rate has driven it to a spectacular -43.1bps this morning. The German 2Y also has cracked to record low interest rates at -5.2bps. With Gold big over $1585 also, it seems the safety trade – or escape from risk as JPM exposes the reality of the world in which we live – is dramatically on.