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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (56789)	1/19/2015 9:42:15 AM
From: philv	Respond to of 71400

What I am understanding is that it is not so easy for central banks to control the value of their currency. The SNB tried it by printing Swiss Francs, and buying up Euros. But that resulted in a large increase in debt. From that article: "The SNB’s ability to use foreign exchange intervention to hold down the franc has been constrained by criticism of the huge expansion of its balance sheet, now 85% of GDP." So I question the idea that money can be created without negative consequences. It can't just be created without the corresponding debt accounted for in the ledger. There is a way, I suppose by dropping money from a helicopter, and simply have no accounting for it. But in that case, the currency would be destroyed.