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As Trump announced (and then unannounced) new tariffs, global stock markets and currencies have tumbled. But earlier this week, the Swiss franc rose to its highest level against the US dollar. In this video, we’re taking a look at the history of the franc, why it’s strengthening, and whether it could be the world’s safest currency.
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Sources:
Swiss Franc Surge
‘Safe-haven’ Assets
Swiss Economic History
Trump’s Tariffs
00:00 – Introduction
01:13 – Context
03:59 – Is the Swiss Franc the World’s Safest Currency?
06:57 – Will It Last?
07:46 – Sponsored Content
Can you please stop using the R-word?
To answer the question, yes, yes it is.
CHF has easily been the safest currency for 30+ if not 40+ years, going from worse than USD to overtaking USD, worse than euro to overtaking euro, and I’m no genius in economy, but I wouldn’t be surprised if it overtakes GBP by 2030.
In case Europe reforms into a Confederation, then not only that Euro might be “the safest”… but world’s new “gold & petroleum equivalent”
In this video it sounds as if neutrality was a free and desired decision by Switzerland at the time and therefore an achievement. It absolutely was not. It was imposed on Switzerland at the Vienna Congress by the strong European powers in order to serve as a buffer state between the great powers. So it is absolutely not a Swiss invention.
Keep away from the Swiss Franc.
We don’t want you here.
Stay away…
Although it means my buying power increases if I go abroad, it also means our exports become more expensive and as our economy is a transformation economy aimed at exporting this is not good.
This also scares tourist away.
A strong CHF makes Swiss products even more expensive.
As a Yank living in Switzerland, watching in horror the self-destruction of America, I hope Switzerland can help us. Switzerland’s governance system has some of our same challenges (federalism with rural and urban gulf in politics) but some important protections too, such as direct democracy, referendums and a rotating presidency that protects against undue executive power, multiple parties that help reduce identity politics, and values that protect against cult of personality. Trump/Musk/Vance have permanently damaged the US reputation with allies and global investors, and in ways that threaten the entire world. For the US people to regain control and stop the MAGA and Tech Oligarch drive into malevolent autocracy, we need organized foreign pressure. Our former allies should quickly produce some harsh economic sanctions so that the people wake up and some demands that we have to meet to roll back sanctions and eventually regain a seat at the table. The demands could be general enough that Americans could decide how to reform our government to comply. (But probably best if they also offered a sample roadmap of specifics.) Reforms would likely have to involve that former impossibility of Constitutional amendment and also, since Trump and Congressional Republicans have decided that they can violate the Constitution with impunity, finally signing international rules agreements and some kind of foreign objective body to assess compliance and reapply sanctions or withhold aspects of readmission to the civilized economic world order. Switzerland could maybe use its economic strength and history of neutrality (nor even in rhe EU) and diplomacy to offer a place to coordinate this. It is sad that we can’t seem to save ourselves or avoid taking the world down with us, but Republicans are in denial and Democrats are fractured, disorganized, and, if you believe the polls, equally despised.
2008
Both dollars and treasuries are at their core a PROMISE. And EVERYONE (except his core supporters) can see that he thinks promises are for suckers, just pieces of paper to ignore. So many are shedding dollars and treasuries and more will as time goes on.
Ah yes Switzerland. Famous for its redstone production.