Swiss Franc intervention off the table for longer term right now or not ?

[piezoe]

Honest citizens are dumbphucks - they bend over and have been doing so for trillions of years.

This is one of the attitudes that can lead to a breakdown in society and create a structural void that can be filled by demagogues and autocrats.

 

[margin_gamble]

This is one of the attitudes that can lead to a breakdown in society and create a structural void that can be filled by demagogues and autocrats.

Sorry to disappoint you but it is the way it is. I belong to the few who know that there are no m ore than minus 3000 people on Earth without sin

 

[murray t turtle]

This is a serious matter. The order of magnitude of underground cash transactions that would otherwise result in local and/or federal tax revenue is 10**12!
When a tax system breaks down, the long term consequences for an economy are dire. Puerto Rico is an example. L. Randall Wray, in his now classic monograph, "Understanding Modern Money", expressed the view that hyperinflation was often the result of a breakdown in the tax system.

%%
PR is a special situation\
bad gov management\ whirlwind\even more than the low\no state tax FLA.
I have noticed some try to cheat states out of sales taxes but i simply ask them for a reciept+ even state taxes are so complicated , if they dont charge me what i guess the rate is i seldom ask ''is that the right tax ??'' I have asked occasionaly; one time the farm store manager said witha rebuke ''no tax on farm seed!! But years later they changed the law; taxed now
TN has no state income tax like 7 or 8 US states = no state tax on farm products or services-some cases ................................................................................
I don't need no rockin chair\
Geritol or your Medicare.
I ain't ready for the junkyard yet/ i feel like new Corvette, G Jones >3,777,888video Views

 

[TrAndy2022]

SNB's Maechler: If the currency becomes too weak or strong, the central bank is ready to buy and sell francs.