Dr. A. H. Krieg
Let me prerequisite everything with the fact that Switzerland is very expensive, but that you get what you pay for. It also helps to understand the Swiss Frank (CHF) is without question the strongest currency on the world stage. This is verified by the fact that gold today sells in Swiss Franks for the same amount that it did a year ago; not exactly what we are experiencing in America at present. Additionally in the four weeks we were there the dollar fell from 0.84 to 0.81 CHF and as we all know the EURO is in Swiss Franks tanking.
The IMF has issued a warning about a potential EURO crisis that they anticipate will be “very costly” for the world economy, at the same time Moody has issued a warning about a potential downgrade of their rating of the dollar. The facts most commonly remaining unreported is that Greece and Iceland are bankrupt, Italy, Spain, Portugal, Ireland, are on the edge of a great precipice. We won’t even go to IL, CA, NY, OH and other...