Gold Standard discussed in Swiss Parlaiment

Swiss German with English subtitles.

“Save our Swiss gold”

This is what the initiative wants:

1. No further Gold sales by the SNB!
2. All our gold stored in Switzerland!
3. Physical Gold share minimum 20% of SNB Reserves!

 

Note its worth pointing out the Swiss never joined the European Union or adopted the Euro as its currency, despite being surrounded with European union countries. Ironically Switzerland hoards vast quantities of gold in bank vaults for the worlds elite but the common man on the surface still deals in worthless unbacked paper fiat called Swiss francs (CF). Bankers in Switzerland are called the Gnomes of Zurich for a reason.

Posted on October 21, 2014, in Bailouts & Banks, Europe & EU, Kapitalism, Monetary system, Socialism and tagged , , . Bookmark the permalink. Leave a comment.

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