Weakening currencies

In early 2015 the Swiss National Bank lifted the 1.20 Swiss francs per euro cap. As a result of this, the Swiss franc strengthened against the forint, the euro and the dollar like never before. In the Ukraine the situation is getting tense again. The USA wants to sell arms, as usual the European Union doesn’t know what to do – but Putin does: he is sending the troops. Meanwhile the Russians have started selling oil to the BRIC countries for gold instead of dollar. In Hungary the banking system slowly but steadily ends up in state ownership. Big banks are purchased, small banks go bankrupt. Consumers with foreign exchange loans are saved, a ‘bad bank’ is established for bad loans. But what will the state do with the real estate it acquires this way?