Saturday, November 29, 2014

A golden opportunity for Switzerland...

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If put into practice, the Swiss Gold Initiative increases the chances that the Swiss can protect themselves effectively against the destructive policies which are at work in the international unbacked paper money world.

It seems that the SNB cannot, or does not dare to, deviate from the money printing schemes pursued in all major currency areas. It is only the Swiss people who can bring to a halt a monetary policy that will sooner or later end in a debasement of their currency.

The 20-percent rule might not live up to what a perfectly sound money regime should look like: free market money, free banking, and no central banking. However, if strictly adhered to, the 20-percent rule is by all means a highly promising starting point on a journey to truly sound money.

If the Swiss put the Initiative into practice, the world will realize that there are alternatives to today’s unbacked paper money madness. In that sense, a successful Initiative could be a game changer for the better, for Switzerland and also for many other countries in this world. Full story...

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