Will China Pull a “Switzerland” on the U.S. Dollar?

* Thursday, January 15, will be remembered as the day Switzerland abandoned its peg to the Euro

* The Swiss defended their policy to peg to the Euro, but suddenly reversed, limiting their losses

* They admitted they were wrong

* Although the Swiss stock market went down in their currency, it was up in every other currency

* Gold is up against everything except the Swiss franc

* The news in the Swiss market will be a tremor compared to the earthquake if the Chinese abandon their peg both to the Hong Kong Dollar and the Yuan

* America will win the currency war to the detriment of the American people


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