…Now you see it

26th March 2023. News that The Swiss Federal Bank has just made 17 billion euros of Bonds disappear must be of great comfort to the bond holders and given the remainder of us a warning as to the fragility of the global banking system and the ruthlessness of the gnomes who inhabit it. “By this means the government may secretly and unobserved, confiscatethe wealth of the people, and not one man in a million will detect the theft.” – John Maynard Keynes