I think this thread will be
December 2025 › Forums › General discussion › 100% reserve banking › I think this thread will be
May 16, 2018 at 12:56 am
#87047
Keymaster
I think this thread will be eternal as long as capitalism existshttps://dissidentvoice.org/2018/05/switzerland-a-once-in-a-lifetime-chance-to-spreading-positive-banking-news-to-the-world/#more-79946
Quote:
The people of Switzerland are called to vote on 10 June 2018 whether they want to stop the unlimited, unrestrained money-making by the Swiss private banking system, and to return to the “olden days”, when money was made and controlled only by the Central Bank…Most Swiss and probably most westerners in general don’t even know that the loan or mortgage they get from their bank is no longer backed by the bank’s capital and deposits. It’s called “Vollgeld Initiative” – in German, meaning more or less “Referendum for Sovereign Money”. What is “Sovereign Money”? It’s money produced only by the Central Bank, by the “Sovereign”, the government, represented by its central bank. Money created in accordance with the needs of the economy, as contrasted to the profit and greed motives of the banking oligarchy, what it is today; money creation at will, by private banking.
