i strongly disagree.. with the forced overtaking of cs from ubs switzerland have now a private bank wich is so big it cannot be rescued by the snb alone and would need help from the ezb and fed because of the hughe outstandings in the eurodollarmarket.
The Swiss franc was not devalued in any day in modern history. What you might be referring to was 2015, when the franc went up 20%. The only people losing money were the ones getting against it.
You are correct. As I said, I don't remember details; perhaps I had just sold francs. Regardless, it severed in my mind any connection between Swiss banking and stability.
Gotcha. I would bring the connection back to mind, as Swiss banking is more stable than other jurisdictions. And I'm glad that you are engaging yourself with these topics, it's very important.
I’ve been enjoying your posts on global mobility, retiring abroad, and especially your perspective on how people think about money when moving across borders.
I work and write in the fintech, crypto, and digital payments space, with a particular interest in cross-border payments, banking infrastructure, and how technology is making global money movement easier.
I’ve subscribed to your work and would love to stay connected and support each other’s writing. Given the overlap between global mobility and cross-border finance, I’d also be curious to explore a collaboration down the line if you’re open to it.
Nice article. I am planning to relocate outside the socialist and inefficient EU. Euro is doomed, EU a huge ship floating with no rudder.
Thanks Sab! There are plenty of options outside the EU as well. You won't run out of good ones ;)
i strongly disagree.. with the forced overtaking of cs from ubs switzerland have now a private bank wich is so big it cannot be rescued by the snb alone and would need help from the ezb and fed because of the hughe outstandings in the eurodollarmarket.
Ah, the lovely Swiss Franc. I had a bunch of them when they devalued it. Don't recall details, but 15-20% value loss one day to another....
The Swiss franc was not devalued in any day in modern history. What you might be referring to was 2015, when the franc went up 20%. The only people losing money were the ones getting against it.
You are correct. As I said, I don't remember details; perhaps I had just sold francs. Regardless, it severed in my mind any connection between Swiss banking and stability.
Gotcha. I would bring the connection back to mind, as Swiss banking is more stable than other jurisdictions. And I'm glad that you are engaging yourself with these topics, it's very important.
Hi Benjamin,
I’ve been enjoying your posts on global mobility, retiring abroad, and especially your perspective on how people think about money when moving across borders.
I work and write in the fintech, crypto, and digital payments space, with a particular interest in cross-border payments, banking infrastructure, and how technology is making global money movement easier.
I’ve subscribed to your work and would love to stay connected and support each other’s writing. Given the overlap between global mobility and cross-border finance, I’d also be curious to explore a collaboration down the line if you’re open to it.
Looking forward to following your work!