swiss francs Archive

  • The crisis throughout Eastern Europe has been selling mortgages in Swiss francs without disclosing the currency risk. This law, passed by the Romanian Parliament, is actually fair. The banks would have to take back the property and end the debt. That is how Caesar resolved the debt crisis, for then too the bankers would not accept property and would take the borrower’s children and sell them into slavery to pay off the debt.

    Romanian Private Debt Crisis Erupting

    The crisis throughout Eastern Europe has been selling mortgages in Swiss francs without disclosing the currency risk. This law, passed by the Romanian Parliament, is actually fair. The banks would have to take back the property and end the debt. That is how Caesar resolved the debt crisis, for then too the bankers would not accept property and would take the borrower’s children and sell them into slavery to pay off the debt.

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  • They told people to borrow in Swiss francs for mortgages and did not tell them about Forex risk. They literally gutted the mortgage market so much so that when the Swiss peg broke, it became a political issue in Poland. Mortgages sold by the bankers to the public in Swiss francs have caused massive losses and the courts are, of course, supporting the bankers against the people. This is not a good result politically; we will see the people turn more politically active in Poland.

    2015.75 ECM Turning Point in Poland

    They told people to borrow in Swiss francs for mortgages and did not tell them about Forex risk. They literally gutted the mortgage market so much so that when the Swiss peg broke, it became a political issue in Poland. Mortgages sold by the bankers to the public in Swiss francs have caused massive losses and the courts are, of course, supporting the bankers against the people. This is not a good result politically; we will see the people turn more politically active in Poland.

    Continue Reading...