Paul Craig Roberts: Global Economic Forecast

06/09/2011 Wall Street fell for a 3rd straight day on worries that Europe can't take care of its debt dilemma. Many Europeans are trading in their euros for Swiss francs. The Swiss National Bank has put a minimum exchange rate of 1.20 francs to the euro. The present value of the franc is a danger to the financial system. The SNB said it would implement the minimum rate by buying foreign currency in unlimited quantities. Economist & author, Paul Craig Roberts, tells us how this could affect the world economy. Follow Kristine on Twitter at

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