In the ridiculous charade that passes for the foreign exchange currency markets, the ease upon which
a 39% spike in the Swiss Franc to the EU has most financial journalist puzzled. A flagship of establishment journalism like
the Washington Post provides a quaint explanation in Why Switzerland’s currency is going historically crazy
. The Swiss intend to keep their exchange rate at 1.2 Swiss francs per euro caused unsustainable negative competiveness in
Swiss exports to EU customers. How many times have you heard that same old song? Corporatist media consistently spins a yarn
that suppressing one’s own currency is good for business.