*SWISS CENTRAL BANK POSTS BIGGEST LOSS IN ITS 116 YEAR HISTORY* The Swiss National Bank on Monday reported a loss of 132 billion Swiss francs ($143 billion) for the 2022 financial year, citing preliminary figures. That’s 18% of Swiss GDP!
Swiss National Bank Posted A Loss Of $143 Billion Dollars, The Globalists' Economic Strategy Has Created An Incoming Crisis That The Deplorables Will Have To Overcome #SteveBannon https://t.co/RAHTNvHMXn pic.twitter.com/FH64h5MurD
— Grace Chong 🇺🇸 (@gc22gc) January 9, 2023
The Swiss National Bank has been printing (and selling) swiss francs for many years to keep it's currency pegged with the Euro.
So they had to buy something with those Euros and USD, and it included a lot of tech stocks. That paid off until 2022.
Source: https://t.co/oRxh0Iuw44 pic.twitter.com/fpxIQLaAHl
— Wall Street Silver (@WallStreetSilv) January 9, 2023
Swiss National Bank – which unlike most other CenBanks is an active investor in stocks – estimated it will lose CHF132bn for 2022, largest in its history. Largest part of this stems from collapsed valuations of its large pile of stock mkt holdings in foreign currencies. (via BBG)
The Swiss National Bank is an active investor in stock markets, unlike most other CenBanks. SNB balance sheet trades in tandem w/FANG Plus Index. pic.twitter.com/2utU06OUpf
— Holger Zschaepitz (@Schuldensuehner) January 9, 2023
For more info see: CNBC Article
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