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frphank
npub1g7l…8yd9
2024-11-15 12:09:26
in reply to nevent1q…z27h

frphank on Nostr: > As a result of the financial crisis of 2008, the Swiss National Bank could no ...

> As a result of the financial crisis of 2008, the Swiss National Bank could no longer suppress the upward pressure on the franc in 2014 and the fallout was inevitable.

Wait what? The value of fiat went *up*?? I thought central banks were these evil entities that steal by depreciating the value of money. Up is good down is bad.

So which one is it now, is up good or bad?
Author Public Key
npub1g7lqk25fl24xd0zh7hr8jgp5smdy2eszjh9nmv7z7w85h6xcs9hq4u8yd9