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The Swiss National Bank has become one of the largest owners of American stocks. Sort of a super hedge find.
This has been worth it, so far. This morning, the SNB reported a whopping $ 21 billion in earnings for 2020, a year that was beyond imagination.
In the spring, dramatic losses were expected at the exposed Helvetia central bank. Then the stock exchanges came back, since then there are no more borders.
The SNB benefited the most. He earned with his shares, with gold, with currency. Still, everyone won.
And that with money taken from the hat. The SNB buys dollars, euros, yen, pounds, all for Swiss francs. The central bank “draws” this according to its own taste.
As much as she wants.
The “deal” is not worth it for citizens and taxpayers. The SNB will not leave it on the board.
The bank distributes 4 billion to public banks, that is, the federal government and the cantons. No more.
She could make the most of it.
After the recent super profit, followed by a mini distribution to Switzerland, the central bank’s treasury amounts to a whopping 94 billion.
94 billion, or 11,750 francs per inhabitant for a resident population of 8 million. A pot that politicians have aimed for help and subsidies to benefit disgruntled voters.
SNB chief Thomas Jordan and his colleagues resist a “looting” of their treasure. You already find the 4 billion “free money” for the steep state.
You need the billions in themselves; after all, there are more and more risks in the world. Jordan & Co give a specific number of how high the treasure can go. wisely never.
He wants to rule undisturbed, over the franc and the economy. King Jordan, who has long sat at the tables of the world’s stock exchanges as a player: He does not allow insolent MPs from the military to explain the tariff to him.
