The Euro/Swiss Peg would Go “and they’re not going to be able to do much about it”

Berlin-WEC-2012

 

Here are transcripts of the WEC since the Movie Producers filmed everything since 2011. They had transcripts made and can search a topic and come up with the time I discussed it.

4:11:02 “Alright, I’ll pay more, but he’s paying 75 so that makes it ok.” This is what’s going on. Every time in the cycle when you look at this stuff, you’re in the same position, always the same position. They get much more aggressive. As that happens the economy is just simply going to implode. When we look at Switzerland, everything that we have on this particular cross rate is pointing down at this stage that – sorry, we’ve got to, if you look at the lows on this, it comes all the way back down to these third lows and then we’re just going to take out and the euro’s going to go down. I’m sorry, that’s just the way it is. The peg’s going to go and they’re not going to be able to do too much about it.