Swiss National Bank Mortgages the Public With $143 Billion in Losses.

#switzerland #centralbank #stock #bond #inflation #interestrates

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Today we will look at how the Swiss National bank policy of massive QE or money printing has led to a total failure and huge losses that will be carried by the Swiss public for generations to come via taxation and inflation.

Swiss National Bank posts record $143 billion loss in 2022: https://www.reuters.com/business/finance/swiss-national-bank-posts-record-143-billion-loss-2022-2023-01-09/#:~:text=ZURICH%2C%20Jan%209(Reuters),its%20share%20and%20bond%20portfolio.

Owners of the Swiss National Bank: https://www.snb.ch/en/mmr/reference/shares_structure/source/aktionariatsstruktur.en.pdf

Video chapters:

00:00 Introduction
00:49 My connection to Switzerland
01:25 The public and private ownership structure of the SNB
03:34 The SNB loses $143 billion in 2022
06:31 The SNB's campaign of QE and currency debasement has resulted in these huge losses
08:15 The SNB: from a bastion of sound money to a glorified hedge fund
09:19 The importance of SNB's gold reserves to keeping it solvent
12:22 Current and future Swiss taxpayers will foot the SNB's bill
13:55 Market update
17:12 Answering your questions from last week