We Are Doomed…

A few days ago, I wrote about the wife of Switzerland's central bank president engaging in insider trading.

Well what do you know, it ain't the wife after all, it turns out that it was Philipp Hildebrand, president of the Swiss National Bank doing the insider trading:

Switzerland's central bank was embroiled in an insider trading scandal after bank chief Philipp Hildebrand was accused of speculating on currency transactions only weeks before he instituted dramatic policy changes that shifted prices in his favour.

The accusations, which have rocked the Swiss banking industry, were made by Swiss weekly newspaper Die Weltwoche in a statement before its Thursday publication. It said that previous reports that Hildebrand's wife was responsible for the foreign exchange transactions were misplaced and it was the bank chief who was behind the purchase and selling of currency that triggered an investigation by the Swiss National Bank (SNB).

The bank chairman also made several other dollar and euro transactions on the foreign exchange market between March and October last year, according to Die Weltwoche, which is close to the far-right Swiss People's Party (SVP).

Let me explain just how f%$#ed we all are.

The guy in charge of regulations for the Swiss is engaging in insider trading.

If the Swiss are screwing with banking, it's not just the end of banking as we know it, it's the end of the the concept of money as we know it.

Stockpile canned goods and ammunition, because you can't eat gold.