As a follow up to Switzerland trying to salvage its banking reputation, something I missed those weeks ago:
After studying the numbers, he said, the total value of exotic securities — like options or future contracts — held by the merged bank could be worth 40 times Switzerland’s economic output.
“Over time, UBS will control the Swiss state, rather than the other way around,” Chesney said.
That‘s how the USG intends on controlling the Swiss nation, via UBS, and look at the leverage the USG has over UBS when it had to consult with American officials for the takeover of credit Suisse.
Small wonder the smart money‘s leaving Switzerland, if Arab sheikhs and asian billionaires wanted Americans to control their money they’d just store it in USD in Delaware.
For a people who pride themselves on being egalitarian and being
primes et pares, first amongst equals, these anglos certainly exhibit a lot of ”eastern despotism”