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Thread: Switzerland: Referendum on ban of gold sales by SNB+storage only in CH+min. 20% gold res.

  1. #11

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    Quote Originally Posted by Pericles View Post
    It was funny to get the SVP propagabda piece "The Truth About Foreigners" in my mail box. As in this case, not all of the SVP platform is stupid - I'd be more of an FDP type anyway.
    Yep, me too. But sadly FDP is just a sellout to the highest bidder. They´ve lost their way



  • #12

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    Quote Originally Posted by swissaustrian View Post
    Yep, me too. But sadly FDP is just a sellout to the highest bidder. They´ve lost their way
    Back when they were technology, trade, and tourism, there was some hope.
    Out of every one hundred men they send us, ten should not even be here. Eighty will do nothing but serve as targets for the enemy. Nine are real fighters, and we are lucky to have them, upon them depends our success in battle. But one, ah the one, he is a real warrior, and he will bring the others back from battle alive.

    Duty is the most sublime word in the English language. Do your duty in all things. You can not do more than your duty. You should never wish to do less than your duty.

  • #13
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    The icing on the cake is that - if passed - the initiative could cost us our IMF membership, because it effectively means instituting a partial gold standard (20% of the SNB assests in gold, all the time) which is prohibited for IMF members.
    Switzerland doesn't need the Zionist controlled, parasitic IMF, formely headed by super freak Dominique Strauss-Kahn.

    It's the other way around: the IMF needs Switzerland.
    Last edited by QE Is Theft; 01-11-2012 at 07:50 PM.

  • #14

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    Well. I rather actual deregulation, not reregulation.

  • #15

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    I asked a contact of mine who is a well known reporter in Switzerland and this is what they replied with:

    The article about the gold ist true.

    If you have any kind of political idea in Switzerland you are free to start to collect signatures.

    If you reach 100 000 signatures of supporters within one year there will be a votation about it.

    But these guys still seem to be 10 000 signatures short.

    And the fact that you are collecting signatures doesn't mean that the country "Switzerland" is pro or against something. Only the votation will show.

    And there are always dozens of signatures-collecting-campaignss going on in this country anytime about anything.

    Cheers
    __________________________________________________ ________________
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  • #16

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    I find it astounding that the IMF bans it's parners from gold standards of any sort. What a rotten institution.

    "Hi, I'm here for global banking stability - but you're not aloud to use the most stable form of money."
    "Like an army falling, one by one by one" - Linkin Park

  • #17

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    Come on Swiss people's, get this to a referendum.

    "bring back our gold" is a popular message, as we see in Germany.

  • #18
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    Wouldn't this just undo what a referendum in 2000 did? The Franc used to be 40% gold backed.
    Last edited by Confederate; 01-27-2013 at 01:06 PM.

  • #19

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    Quote Originally Posted by Confederate View Post
    Wouldn't this just undo what a referendum in 2000 did? The Franc used to be 40% gold backed.
    The referendum in 2000 was about the usage of money for the Swiss social security fund (AHV) which was to be made from gold sales, not about the gold backing of the CHF. The technical gold backing was abandoned in the mid 1990s when we joined the IMF. We were the last country on the planet with a statutory gold backing.
    Last edited by swissaustrian; 01-27-2013 at 02:03 PM.

  • #20

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    Quote Originally Posted by swissaustrian View Post
    The referendum in 2000 was about the usage of money for the Swiss social security fund (AHV) which was to be made from gold sales, not about the gold backing of the CHF. The technical gold backing was abandoned in the mid 1990s when we joined the IMF. We were the last country on the planet with a statutory gold backing.
    When would the referendum happen? In a way you can only "hope" that all the inflation the Swiss central bank created when it tried to bring down the exchange rate will materialize in prices before people have to vote. That would make it much more likely that you succeed.

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