By Ken Jorgustin – Modern Survival Blog
There are some very big things happening right that you need to know about, and they are all things which many believe could be leading to World War III.
In case you haven’t heard the latest (major) financial news story, Switzerland has removed its currency cap to the Euro. The Swiss Franc has since soared to as much as 30% higher, and gold has spiked on the news.
Contagion is rapidly spreading and this has caused many ‘FX Brokers’ to have just gone belly-up, as reported on zerohedge.com this morning.
“The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity.”
“This has resulted in the majority of clients sustaining losses which has exceeded their account equity.”
In other words, their ~ ‘100:1′ leverage is coming home to roost. It’s unraveling over there…