Jim Rogers: Swiss Franc is now backed by Google

Jim Rogers: Swiss Franc is now backed by Google

Swiss National Bank now prints money and buys Amazon and Google

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Some of the highlights of the discussion are:

– Government debt has doubled since 2009

– Japanese central banks control Japanese ETF market. They are constantly buying Japanese ETF’s. By the way I own Japanese ETF’s.

– Swiss Central Bank now everyday prints money and buys Amazon and Google, they buy the Banks in America. So the Swiss Franc is now backed by Google.

– The next bear market in Bonds. Junk bonds will get killed.

– Half of cities in Germany are bankrupt.

– America’s the largest debtor nation in the world.

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Related image

Some of the highlights of the discussion are:

– Government debt has doubled since 2009

– Japanese central banks control Japanese ETF market. They are constantly buying Japanese ETF’s. By the way I own Japanese ETF’s.

– Swiss Central Bank now everyday prints money and buys Amazon and Google, they buy the Banks in America. So the Swiss Franc is now backed by Google.

– The next bear market in Bonds. Junk bonds will get killed.

– Half of cities in Germany are bankrupt.

– America’s the largest debtor nation in the world.

Comments

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