Last year, the SNB lost more money than ever before. And it is not alone: central banks around the world also recorded heavy losses. As a consequence, money from central banks in many countries ceased to flow to governments (at least for Germany and The Netherlands and probably more coming).
The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with the provisional calculations it announced in January.
The loss, the biggest in the central bank’s 115-year history, was caused by a plunge in the value of the SNB’s investments caused by bond and stock market declines last year.
A strengthening of the Swiss franc also had a negative effect, reducing the SNB’s holdings and returns from foreign investments when they were converted back into Swiss francs.
The loss, which followed a profit of 26 billion francs in 2021, means the SNB will make no payout to the Swiss central or regional governments or dividend to investors for only the second time since it was established in 1907.
Most of last year’s shortfall could be attributed to the 131.5 billion francs lost on foreign currency positions, with its bond holdings losing 72 billion francs in value and its share portfolio worth 41 billion francs less.
The reported loss wiped out the SNB’s distribution reserve of 102.5 billion francs, meaning the central bank posted a net loss of 39.5 billion francs after an allocation for provisions was taken into account.
The SNB, which is due to give its next monetary policy update on March 23, declined to comment on how the loss could affect its future monetary policy.
Analysts did not think it would influence the matter, with the SNB having 66 billion francs in equity despite the massive losses.
“Even if equity was wiped out altogether this wouldn’t change monetary policy in the short term as the SNB can operate without equity,” said UBS economist Alessandro Bee.
“Only in the case of a prolonged period of negative equity I would see an impact on monetary policy. But we’re far from such a scenario even after the huge loss of last year.” [Reuters]
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.50cal MY FRIEND do not let people make you mad and i know for 15 years , just every one take it easy please , anti christ are every where thier mission are to destroy humanity. Blessed are peace makers in this time when we have print for 5 trillion dollars free money to Ukraine tanks and ammo and F16 no ens of courrse , USA people are forgotten and condition of this beautiful land and people will suffer so badly no one can be witnessed yet. When i came to here 15 years ago i do remeber that
i needed to pass tests and difficulties i did over come it .Now we all are happy here for15 years so..
So please know UK plan to destroy USA is in final stages with Donald Trump or not USA is destroyed by UK puppet masters who owns all world. Jesus Christ conciousness is peace and anti Christ is war femmine and destructions. Peace to you all…
Silver is a decent price point today. Just snagged 160 silver washington quarters.
Paper money is for retarded lefties.
Lefty Retard Powell wants to raise rates again. DOW down 300 pts. What a faggot.
https://www.thegatewaypundit.com/2023/03/developing-fed-chair-powell-says-rates-likely-to-be-higher-than-previously-anticipated/
DOW down 428 points now. Real estate in the crapper too.
What is this politics garbage? You spew out politics crap nonstop while you probably never read your bibles anymore, especially the corrupt masonic KJV.
Shut up faggotface. Go wet your bed you loser.?????
Are disabled people worthless to society? I heard you like Hitler’s bloodlines.
I am a virgin. My a-us is NOT like what you said. You need to see a doctor and stop attacking young people. You’re seriously mentally ill 50cal.
You call the Holy Spirit in me “satan” as Mario Brisson did to Grace Bride. My arse has no zits at all that I’m aware of. What’s with you and obsessions with body parts/people who live with families than being alone in a filthy apartment 50cal? I hope you get mentally institutionalized soon for your dangerousness and nastiness.
I’d rather be dirt poor, live off the land and make it into Yahweh’s kingdom, than hoard up mammon (gold/silver and other money crap) and end up in the eternal lake of fire. You say you love “God” (which one?) but you cannot serve him and mammon.
Live off the land. Ha, you live off your parents and welfare. Get a job and pay income tax earn your way. Loser.
So EVERYONE who still uses paper money is a “rtrdd lefty” like me? I’d never share my house with a MAGA extremist who’d violently maul us to our end like enraged chimpanzees. 50cal is very sat.anic for a “Christian” as is the entire MAGA crowd and rabid Desantis fanboys are. USA babalon will fall very soon, and FL will be destroyed Calif. style very soon with the deliberate mass destruction of the mainland USA being engineered to make FL the same.
Even though she’s mighty among the nations and thinks she cannot fall, she’ll fall very soon. Who’s she? USA babalon and I believe also Japan, England, Australia, all her sons and daughters across the world. Both political parties are designed to bring about massive dea/th chaos violence and destruction, on military and civilian grounds (massive social unrest in the USA too/war between two loser parties – left and right/red and blue).
You are retarded. Yep?
Have h)you ever held a job longer than 3 years? Have you ever saved someone’s life? Have you ever played sports on a team at Varsity or College level?
Have you ever been in a fist fight where you have scars on your face to prove you stood for something other than laying about and slandering people online?
Highly doubtful. Your probably a fat lazy slug with zits on your ass, and a prolpased anus from getting schlonged daily. ???
I hope you’ll break free from your strong delusion (as seen in Thessalonians in the Bible) 50cal, and realise you’re not anywhere near the narrow path to Yahweh’s kingdom. Everything you do contradicts the New Testament and how our creator told us to behave.
People like you that pose as christians and talk, talk, talk about how Holy you are— always the biggest scumbags. You think you are bettter than normal Christians. You live a lie. You pappy is satan. You are worthless and probably an asswhore too.
Lefty Retard D’jour:
Another marxist-satanist dicknosed witch. Yep, and with economic climate change horseshit rubbish to boot!
Ever notice that lefties have this stupid glazed over zombie type look in their face? It’s an “epidemic.” Hahhaa, that’s their language.
https://www.thegatewaypundit.com/2023/03/biden-treasury-secretary-janet-yellen-warns-assets-might-lose-value-because-of-climate-change/
Your hatred of young people has gone way too far, 50cal. You never zip your lips about how horrible young people are/disabled people/people who live with parents are, and your prayers are demonic/based on wanting bad things to happen.
Do you hate the Japanese? They live with their parents until their last breath, even without disabilities.
Swiss national bank announcing a large loss feels like when Secretary of Defense Rumsfeld testified that $2.3 Trillion Missing on September 10th
He’s dead. Satan is buttclowning him.
Good. Swissy controls it all.
Tbey suck satan’s dongle.
Hey everybody… Stop trolling each others… Thank you,
Manuel
Rather have a boxing match.
I hope Manuel reports 50cal to the police.
50cal hates me and won’t stop attacking me.
He told me to “jump off a cliff”, won’t stop attacking me daily, hates young people, and he violently attacks anyone who states simple facts. 50cal is a crybully.
WW3 started from Iran when Ayatoolahs took power in Iran land of Arayan Nation of Iran. Cyrus the great Koroosh Kabir who freed Jwish from slavery and his land is illegally occupied by UK puppets and Arabs. Iran name is cam ein Bible 220 time more or less and Israel is ready at any time with USA or not final attack of without contact to evills ayatoolah. We want ayatoolahs out of IRAN now. Nothing is normal any more Russia is ready with help of ayatoolahs to start WW3 ..
Turns out one of the trantifa mugshots is a
lawyerliar for SPLC. How bout that one? It’s like Gilligan’s Island on tranq.Ooops, that one was an accidental double post.
https://www.thegatewaypundit.com/2023/03/alleged-antifa-member-arrested-on-domestic-terror-charges-related-to-violent-attack-on-atlanta-cop-city-is-attorney-at-southern-poverty-law-center-where-soros-tied-mi-sos-jocelyn-ben/
That’s the splc agent of terrorism. Right there.
Bwahahaha it’s a Freakshow 24/7:
https://www.thegatewaypundit.com/2023/03/transgender-athlete-wins-case-usa-powerlifting-must-allow-transgender-athletes-to-compete-in-womens-division/
Well, another transvestite buttclown ruins women’s sports. Minnesota case. Their state is full of leftists and perverts. Go into any coffee shop. All you see is people that belong on the set of Hellraiser. People’s faces look like a fishing tackle store shelf. Green hair, and buttplugs in their ears.?
https://www.thegatewaypundit.com/2023/03/new-atlanta-police-release-identities-of-23-suspects-in-antifa-terror-attack-on-future-cop-training-center-only-two-are-from-georgia/
Trantifa mugshots. See those demonfaces daily in any Minnehopeless coffee shop. Great for toursim!
I remember when the days when a $Billion was a lot of money.
These days $10sBillions are created out if thin air and given away as military aid to foreign countries.
I am sure the EU and US will create or steal whatever is required to cover the losses if the richest.
I remember when National debt reached 1 trillion back in 1978.
You blaspheme our creator by calling him “Yeshi” or whatever. I’m not the one casting any hexes/curses. You are, 50cal. You are a liar. I’m not a sodo.mite.
Quit pretending you are Holier than thou. You act like a retard, and you are one too. People like you are on tv as televangelist-satanists. They pretend to be holy, and they are transparently evil. That is what spiritual discernment is for. The Holy Spirit show true believers who the heathen lying scumbags are, like you!
It’s a crazy world when normal guys have to side with feminists.
True. Even crazier when “Christians” like 50cal cast curses and hexes/swear words upon people. Or they refuse to see doctors for anything.
You are the one doing that. Go check what you have written. You have nothing original in your comebacks either. You repeat what I have said to you. Like a schizoid. You need to be medicated. Electroshock therapy too. Yeshi doesn’t help liars and sodomites either. Ha.
What that person’s GD caused by childhood vxxxines? Think before you post, dump worshipper.
Pray for yeshi to heal you?
The FED sends billions of dollars around the world to prop up other banks and buy the market. The FED’s goal is to own it all and make you a serf…when the crash comes they will bail in the customers (unless we are still armed) and then get a government bail out. We are living a Ponzi scheme, a paper house of smoke and mirrors…buy PM’s.
Double Posted on Purpose!
Why do you think banks are hoarding gold now? Paper is not worth anything unless it is backed by silver or gold. Banks know their paper notes are worthless promissory notes, so they hoard gold and silver. Digital currency will not work and neither will ESG or Wokey Hokey Pokey policy. Satanic elitists won’t take the hit, you will. Take your money out of banks. If a collpase hits, they won’t let you withdrawl your money. See past history for what to expect from the dicknosed demonseeds!
True. AU and AG will always have some value, besides the value in the human labor and energy / expertise it takes to extract from the earth.
Same can be said for Pb, Cu, U, Ni and other valued elements.
Banks Hoarding Gold:
https://www.mining.com/central-banks-extend-gold-buying-streak-in-january-report/
Supports what most people already know to be fact.
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Everyone… THIS is what you get from a raging, screeching, cussing mad adrenaline loaded MAGA hikikomori who hasn’t seen a doctor in 13 years after “self diagnosing” with nerve pain near his private parts. Unbelievable.
Sciatica is nerve pain down the back and leg. Not the groin. Where’s the block retard button?
I’m no leftist.
Manuel 50cal/OffGridMan is tormenting, swearing, and harassing me daily. I don’t think he’s a “Christian” at all but he’s a seriously mentally ill MAGA rightist fanboy. He violently goes after anyone who points out unsavory facts about RD/DJT even if they’re solid facts.
If you fart in a paper sack and hyperventilate it cures stupidity.
You start shit, get your ass handed to you, and cry. Same shit lefty sky-screamers do.
Why do you think banks are hoarding gold now? Paper is not worth anything unless it is backed by silver or gold. Banks know their paper notes are worthless promissory notes, so they hoard gold and silver. Digital currency will not work and neither will ESG or Wokey Hokey Pokey policy. Satanic elitists won’t take the hit, you will. Take your money out of banks. If a collpase hits, they won’t let you withdrawl your money. See past history for what to expect from the dicknosed demonseeds!
Dro.wn yourself in money and mammon all you want, but you’re going to the lake of fire forever 50cal. By praying for bad people to terrorise our house (or figuratively, demons to terrorise our bodies) you’re casting HEXES/WITCHCRAFT upon us.
How’s that sex magic on your harry potter love doll working out?