Swiss Central Bank has Accumulated Multi-Billion Dollar Positions in US Stocks Including Apple, Amazon and Facebook

Swiss Central Bank has Accumulated Multi-Billion Dollar Positions in US Stocks Including Apple, Amazon and Facebook, by Robert Wenzel.

As part of its efforts to weaken the franc, the Swiss central bank has amassed $750 billion in stocks, bonds and cash.

It should be noted that the Swiss central bank is printing francs out of thin air to make these purchases, They print the francs, exchange them for dollars and make the purchases.

Remember that when you see that the US stock market hit a record high today. Paper currency created out of thin air is used to bid up the prices of stock, and takes possession of shares of companies. Is this good? How come some people get to manufacture money, but others do not? Are the former wealthy, without doing any real work? Does this have anything to do with record debt and housing unaffordability?