Sygnum bank wikipedia

The United States greenback has become the biggest speculative bubble in history and will soon go the way of the dinosaurs, warns Swiss financial journalist Myret Zaki. Journalist and deputy head of the swissinfo. Myret Zaki: I realise that predicting such a huge event when there are no tangible warning signs of a violent crisis may seem all doom and gloom.

But I reached those conclusions based on extremely rational and factual criteria.

Bordier & cie annual report

It is simply impossible that it will happen any other way. But never have so many different factors come together, letting us fear the worst. American debt has reached a record level, the dollar is at a historic low against the Swiss franc and most new American bond issues are being bought by the US Federal Reserve. Other central banks have also been criticising the US, creating a hostile front against American monetary policy.

No one will be able to save the Americans. They will have to carry the burden of their bankruptcy alone. They can expect a very long period of austerity, which has already begun. Forty-five million Americans have already lost their homes, 20 per cent of the population is out of the economic system and is not spending, while a third of states are bankrupt.

No-one is investing their money in the country any more. Everything is built on debt. But since the end of the Cold War and the creation of the euro in , an economic war has been going on. A competitive offer of sovereign debt based on a strong currency risks lowering demand for American debt.