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Buy Swiss Francs

December 26, 2011 by  

Dear Bob,

Mr. Lee Bellinger states the following in his fall 2011 Precious Metals Quarterly report: “In August, the Swiss had thrown their franc under the bus. They promised to print it in “unlimited” quantities, if necessary, to maintain Peg between the franc and the euro. Thus the Swiss franc, one of the best and most trusted currency safe havens, was demoted and sent to assume its place in the long line of crumbling fiat currencies.”

What are your thoughts on this? Since I have a Swiss Annuity this is quite disturbing to me.

Sincerely,
August Berti

 

Dear August Berti,

 

All paper currencies are suspect, but some are much less so than others. The Swiss take a lot of false heat that tries to make them look like all the rest. I would rather have the Swiss franc 100 to one!

 

Besides, there is no substitute for getting money out of the United States. The time is coming when it won’t be legal.

 

Best wishes,

Bob

 

Bob Livingston

is an ultra-conservative American who has been writing a newsletter since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • John Gebala

    what you think about the currencies dinars the big talk, I seen a lot of people buying them.

  • http://www.personalliberty.com Patrick Corrigan

    The root of the problem is the international banks, and the Federal Reserve System. They are so intent on using control of currencies and economies to enslave this planet.
    They don’t know what to do about the internet though. So far we still have some power.

  • G

    Regarding Swiss Francs – then why did the Swiss Credit Bank (Basel) call me in 2010 and force me to dissolve my Swiss Franc and AG accounts which they had held for over 20 years with no phased withdrawal or roll-over options(resulting in a significant tax situation)?

    • http://gillysrooms.blogspot.com GILLYSROOMS in Australia

      G…Probably because they could no longer see any benefit in holding American dollars and the wanted to get rid of any they had. I really cant see any point in putting your money in any other currency when those countries have nowhere else to invest their reserves except into metal commodities such as gold and silver without offering any capital guarantees in the possibility of a reduction in those prices. In my opinion the Swiss frac is not immune to suffering from dangerous economic consequences. The only advantage is Ponzi effect which protects the Swiss frac to some degree because many people believe it is safe and many may [but not guranteed] continue to deposit whilst others withdraw from the franc. That is the only benefit I envisage. In my view, if you dont trust the $US then buy some of whatever you see as valuable to you in cases of dire need..be it gold or water or food futures or arible land to grow food on.

  • http://gillysrooms.blogspot.com GILLYSROOMS in Australia

    A news item in Herald Sun newspaper in Australia reported that …Three Swiss bankers were indicted in the United States today, accused of hiding $US1.2 billion ($A1.16 billion) in assets of US clients seeking to avoid declaring their full wealth to tax authorities. … for “conspiring with US taxpayers and others” in a massive tax fraud scheme.

    In an indictment, the three bankers were said to have been client advisers at the Zurich branch of an institution identified only as “Swiss Bank A.”

    They allegedly conspired with their US clients to hide the existence of bank accounts and the income they generated from the Internal Revenue Service, which collects taxes and requires US citizens to declare their holdings both at home and abroad.

    Swiss banks, which have a longstanding practice of offering clients secrecy, have come under steady attack by US authorities, highlighted by a probe into banking giant UBS which led to a deal between US and Swiss authorities.

    The service by “Bank A” was allegedly ramped up in 2008 and 2009 “in an effort to capture business lost by UBS AG and another large international Swiss bank in the wake of widespread news reports that the IRS was investigating UBS for helping US taxpayers evade taxes and hide assets in Swiss bank accounts,” New York federal prosecutors said in a statement.

    They “allegedly told various US taxpayer-clients that their undeclared accounts at Swiss Bank A would not be disclosed to the United States authorities because Swiss Bank A had a long tradition of bank secrecy.”

    The three accused bankers live in Switzerland. If convicted in the United States they would face maximum term of five years in prison.

    In the UBS case, some 4000 case files on American clients of UBS were handed over to the United States in 2010, after Washington dropped a summons against the bank over tax evasion.

    US tax authorities had started their offensive against UBS in 2008 after questioning a former banker, prosecuting the bank through US courts and forcing it to pay a $780 million fine and hand over client names.
    Another reason your deficit is growing when you have so many people trying to evade taxes illegally. Why is it that some firms can only pay 1% as has been reported yet others need to use Swiss Banks in these schemes?

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