{"id":4949,"date":"2015-01-28T07:39:26","date_gmt":"2015-01-28T12:39:26","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4949"},"modified":"2015-01-28T08:21:19","modified_gmt":"2015-01-28T13:21:19","slug":"the-swiss-franc-will-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4949","title":{"rendered":"The Swiss Franc Will Collapse"},"content":{"rendered":"

The Swiss Franc Will Collapse<\/h3>\n

I have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it. One cannot explain the collapse of this currency with the conventional view. \u201cThey will print money to infinity,\u201d may be popular but it\u2019s not accurate. The coming destruction has nothing to do with the quantity of money. It is a story of what happens when interest rates fall into a black hole.<\/em><\/p>\n

 <\/p>\n

Yields Have Fallen Beyond Zero<\/h3>\n

The Swiss yield curve looks like nothing so much as a sinking ship. All but the 20- and 30-year bonds are now below the water line.<\/p>\n

\"Swiss<\/a><\/p>\n

Look at how much it\u2019s submerged in just one week. The top line (yellow) is January 16, and the one below it was taken just a week later on January 23. It\u2019s terrifying how fast the whole interest rate structure sank. Here is a graph of the 10-year bond since September. For comparison, the 10-year Treasury bond would not fit on this chart. The US bond currently pays 1.8%.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Swiss Franc Will Collapse I have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it. One cannot explain the collapse of this currency with the conventional view. \u201cThey will print money to infinity,\u201d may be popular but it\u2019s not accurate. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1931,951,1036,2702,2978,775],"class_list":["post-4949","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bond-yield","tag-currency","tag-currency-collapse","tag-swiss-franc","tag-swiss-franc-collapse","tag-switzerland"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4949"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4949\/revisions"}],"predecessor-version":[{"id":4950,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4949\/revisions\/4950"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}