Switzerland is a rotten corpse full of funny money, which attracts parasites from over the world, with a population sedated by fake beliefs and distractions.
After the collapse, it might get back to its traditional values which helped it become rich, but there will be years of internal conflict and hatred.
Ironically it’s double sided. Buying in Switzerland is notably a solid return, the elasticity and collateral channel reinforces it. So long as it has this external flow of reserve currency funds as a ‘safe haven’ it’s productive economy is continuously fed by cheaper bonds here that allow it to have strong capital intense industry.
So weirdly, there’s two readings. ‘If this breaks Switzerland is mega doomed’ or alternately ‘as long as people panic about their currency and believe the Swiss franc is fantastic as a store of value, it can continue’
Well, this certainly explains some of my parents’ rather puzzling habits when it comes to money, investments and choices. We’re Swiss immigrants to Canada, and pretty much the entire reason to leave was to buy farmland. And at least once a year, I get to listen to a rant about how mortgages should be deductible. I was a child when we left so all I get the odd beliefs with little of the history on why those beliefs and habits are so ingrained.
That’s very fair and just out of left field what do you think of the draghi report and its recommendations do you think it’s what’s needed for the EU economy
Funnily enough, Switzerland has always profited from the world s troubles, just thanks to its geopolitically advantageous position.
The difference is, in the past this position helped it develop a very healthy culture of balance and reliability, which has gone out of the window after 1989 and the introduction of hyperglobalism.
Switzerland is a rotten corpse full of funny money, which attracts parasites from over the world, with a population sedated by fake beliefs and distractions.
After the collapse, it might get back to its traditional values which helped it become rich, but there will be years of internal conflict and hatred.
This makes me think one is better off not buying in Switzerland or am I missing the point?
Ironically it’s double sided. Buying in Switzerland is notably a solid return, the elasticity and collateral channel reinforces it. So long as it has this external flow of reserve currency funds as a ‘safe haven’ it’s productive economy is continuously fed by cheaper bonds here that allow it to have strong capital intense industry.
So weirdly, there’s two readings. ‘If this breaks Switzerland is mega doomed’ or alternately ‘as long as people panic about their currency and believe the Swiss franc is fantastic as a store of value, it can continue’
Well, this certainly explains some of my parents’ rather puzzling habits when it comes to money, investments and choices. We’re Swiss immigrants to Canada, and pretty much the entire reason to leave was to buy farmland. And at least once a year, I get to listen to a rant about how mortgages should be deductible. I was a child when we left so all I get the odd beliefs with little of the history on why those beliefs and habits are so ingrained.
btw why do you live in Switzerland it’s a very nice country as I’ve been but I’m still curious why you’ve chosen it for your exile
I got a job here out of university then just stayed here to be honest, it’s a lovely place to live, trains are on time, and it’s safe and quiet.
That’s very fair and just out of left field what do you think of the draghi report and its recommendations do you think it’s what’s needed for the EU economy
It will be interesting to see what happens reg. mortgage preferences when the owner imputed rent calculation and tax bill is abolished next year.
Exactly.
Funnily enough, Switzerland has always profited from the world s troubles, just thanks to its geopolitically advantageous position.
The difference is, in the past this position helped it develop a very healthy culture of balance and reliability, which has gone out of the window after 1989 and the introduction of hyperglobalism.