Switzerland ditches currency cap & Rick Rule on oil
Erin Ade and Peter Schiff, CEO of Euro Pacific Capital, discuss Switzerland ditching its policy of capping the Swiss Franc to the euro, sending the safe-haven currency soaring 40 percent. In The Big Deal, Erin and Edward Harrison talk currency wars. Plus: Rick Rule, chairman of Sprott US Holdings, explains what happens to capital investment in the energy sector when oil prices are this low, and discusses Qatar’s refusal to cut oil production, even at $40 a barrel.
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