[maffyoo]

Given China has seen lowest growth in almost 30 years and the US where some positive numbers are hiding some negative stories, it would seem that there is a wider context to take into consideration. The article seems loaded with the premise of the Euro is bad but taking the wider global context, this premise seems flimsy. Dont get me wrong, the Euro has proven to be a great way of legally devaluing german currency and the opposite to southern med countries but my issue is the finger being pointed at something when there is almost certainly a bigger picture to be considered.

[nickik]

> US where some positive numbers are hiding some negative stories

This is such a strange thing to say. Do you think China and the Euro Area don't have 'negative stories'. Have you heard about Greece for example? Either compare numbers or stories.

[xiphias2]

You're right, bonds are globally extremely inflated. It's predictable that people are losing confidence in fiat currencies with such an asset bubble and without a country to escape to anymore. I was proud owner of CHF as an exception from other fiat currencies until it got pegged to EUR.

[nickik]

The CHF is not pegged to the EUR, what are you talking about? The had a expensive monetary policy by using a floor against the EUR for a while that however was not a peg.

Furthermore there is no evidence at all that people are losing confidence in fiat currencies.

And I'm not sure why you trusted CHF more before, its just another fiat currency. You could by Australian, New Zealand currency, they are well managed fiat as well.

[iknowstuff]

Well, the peg only lasted for three years.

[xiphias2]

Only? I lost enough money in 1 day that I lost my trust in the Swiss National Bank. I'm not complaining though, I started diversifying to other asset classes and easyly made it back, so I view it as a lesson learned.

[nickik]

Guess what, monetary policy about managing your personal check book. The SNB acted pretty well, one of the best in the world and the Swiss economy was much better of then most comparable countries because we could devalue when people like drove up the demand for CHF and almost pushed Switzerland in a deflation. That might be good for your check book but it would be a disaster for the economy.

[xiphias2]

It's bad for exporters, great for everybody else in Switzerland. Anyways I didn't own any fiat since then, but of course living with the volatility of other assets have their downsides. I'll move back partly to fiat, as it still has its advantages.

[nickik]

Its not bad for exporter, the opposite actually. Exporters were the people wanting expansionary monetary policy because high CHF made their products more expensive.

In fact this was great for the majority of people as nobody profits in the long run from a deflationary spiral.