Will Switzerland be the spanner in the cabals works?

Bloomberg and CNBC haven't reported much on this one.Switzerland has a system where if 100,000 citizens want something and the politicians say no then it goes to a referendum,what is going to a referendum at the end of this month is that the Swiss reserve bank increase its gold backing from 8 percent to 20 percent.

So far it looks like this referendum will pass if it does there will be huge ramifications for the gold market as Switzerland would have to acquire 1500 tonnes of real physical gold.It also has huge implications for currency markets we saw on Friday the Bank of Japan go bananas with a QE programme of $750 billion dollars full Weimar style which will weaken the yen,next week China will have to respond so we have a full month of fiat currency wars leading up to boom some semblence of a gold standard in Switzerland at the end of the month.If your in Forex or Gold the rest of this year could be a wild ride,

Just keep the cheese and hot chocolate coming. The rest doesn't apply to me much.

a reply to: khnum

I wonder will they purchase the 1500 tons from Germany who have 4000 tons in America doing nothing

S&F

a reply to: douglas5

Yes they've got 5 tonnes back so far,amazing they've got that I wouldn't be surprised if the rumours of gold painted tungsten at Fort Knox were true not even a Senator can get in and look at it.

a reply to: khnum

According to internet rumors the only thing in fort knox is chemicals , and remember the fire in the gold vault in London a while back rumor has it it was to ship the gold about for the queen to inspect it on camera so that all those idiots with pieces of paper [ leveraged 100-1 ] think they own a piece of gold good luck trying to get it if the Germans are getting the middle finger

a reply to: khnum

I'm not so sure about the effect of this move on the price of gold as Karen Hudes say there is 360,000 tonnes of gold in the Philippines.

Then again Paul Craig Roberts has an excellent article on how the price of gold has been artificially held down as a favor for some too big to fail banks. He also says the FED is likely to get screwed from both ends that slowly moving towards the middle.

The important thing with the situation in Switzerland is that they seem to ruled by 'we the people' because they make the executive decisions in the country, not the politicians nor the (non in this case) ruling elite.

As a model of government, we can all learn a lot from the Swiss experience.

The great thing about the Swiss model is that because the servant government has to get permission from 'we the people' before they can implement a major decisions, it effectively sidelines the lobbyists and the rich and powerful.

a reply to: learnatic

Ever hear of voter fraud ! it is a easy way to get what you want

Gaddafi though a gold backed currency was a good idea, JFK was going for a silver backed one as it was easier to implement for him. Just something Switzerland needs to be aware of in terms of possible ramifications from the international banking community.

Another issue is what happens to the currency as the price of gold rises and falls? Will the currency be open to exploitation on the foreign exchange markets?

Putting restrictions on the Treasury from making up too much money is important to keep a fair and stable economy. Using gold to achieve this has been a long term tried and tested way. Another idea I have been considering for a while is to tie the money supply to the population instead.

To demonstrate, with a current money supply of $500 Billion Franks and a population of 8 Million, each person contributes $62500 Franks to the currency supply. As each new person is born, $62500 is added to the currency supply and as each person dies, $62500 is taken out of the currency supply.

Switzerland will can do whatever it wants because of its uniqueness. It is and always will be monetarily neutral. No one will attack it they will attack no one. All the cabals in the universe have to have a backdoor to settle their negotiations and disagreements. That is Switzerland. Did you actually think that America and the Uk were enemies of Germany in the 2nd world war. They fought one another and the young men of all their countries died for them. But, and it's the biggest but in the world, these nations money men met regularly every few months all through the war. And where did they meet? Yes you've guest it Switzerland. Americans, British and Nazis sat down and drank wine while their respective men were dying in Europe. Money men, powerful men need a neutral country to go to so they can sort out their differences in safety. That's Switzerland.

a reply to: khnum

Its so sad that what it really comes down to regarding the stability a nations economy in this day of age is the amount of Gold they have acquired or accumulated.

One would think given the amount of time Humanity has operated a monetary system we would have come up with a better idea by now, guess that's control for you!

originally posted by: douglas5
a reply to: khnum

I wonder will they purchase the 1500 tons from Germany who have 4000 tons in America doing nothing

Really?, why wont the feds let Germany have its gold back? (various posts on ATS.com)

a reply to: khnum

I wonder if Switzerland's sanctions against Russia extend to buying gold. Putin could really use the business.

a reply to: douglas5

I think of far greater consequence is election fraud, political party fraud and the two party system that locks the voter into voting for the same people, is far greater consequence.