Global banks around the world are engaged in both quantitative and qualitative easing.
Qualitatively they are lowering the standards for the collateral that they are willing to buy or lend for.
The race to the bottom is here. No one wants a strong currency. This should be apparent to everyone. This money printing will be positive for hard assets, especially precious metals.
http://www.iht.com/articles/ap/2009/03/12/business/EU-Swiss-Franc.php
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