Switzerland
Follows Iceland in Declaring War Against the Banksters
Apr 25, 2016 By:
Isaac Davis
“If you want to continue to be slaves of
the banks and pay the cost of your own slavery, then let bankers continue to
create money and control credit.” –Josiah Stamp
Iceland has gained the admiration of populists in recent years by doing
that which no other nation in the world seems to be willing or capable of
doing: prosecuting criminal bankers for engineering financial collapse for
profit.
Their effective revolt against the banking class, who drove the tiny nation into economic crisis in 2008, is the
brightest example yet that the world does not have to be indebted in
perpetuity to an austere and criminal wealthy elite. In 2015, 26 Icelandic
bankers were sentenced to prison and the government ordered a bank sale to benefit the citizenry.
Inspired by Iceland’s progress, activists in Switzerland are now making
an important stand against the banking cartels and have successfully petitioned to
bring an initiative to public referendum that would attack the private banks
where it matters most: their power to lend money they don’t actually have,
and to create money out of thin air.
“Switzerland will hold a referendum to decide whether to ban
commercial banks from creating money.
The Swiss federal government confirmed on
Thursday that it would hold a plebiscite, after more than 110,000 people signed
a petition calling for the central bank to be given sole power to create money
in the financial system.
The campaign – led by the Swiss Sovereign
Money movement and known as the Vollgeld initiative – is designed to limit
financial speculation by requiring private banks to hold 100pc reserves against
their deposits.” [The Telegraph]
Switzerland is in a key position to play a revolutionary role in
changing how global banking functions. In addition to being the world’s safest
harbor for storing wealth, it is also home to the Bank for International Settlements (BIS), a
shadowy private company owned by many of the world’s central banks, and acting
as a lender to the central banks. The BIS is the very heart of global reserve banking, the policy that enables banks to lend
money that does not actually exist in their bank deposits, but is instead
literally created electronically from nothing whenever a bank extends a line of
credit.
Reserve banking is the policy that
guarantees insurmountable debt as the outcome of all financial transactions.
The Sovereign Money initiative in Switzerland aims to curb
financial speculation, which is the intended and inevitable result of reserve
banking, the tool that makes financial adventurism possible by supplying the
banks with endless quantities of fiat money.
Limiting a bank’s ability to produce money from nothing would be a
direct blow to the roots of the banking cartel, and would cripple their ability
to manipulate the world economy. Here’s how it works, in rather simplified
terms:
“…if we had access to the same computer terminals the banks have, we
could magic in or out of existence all the imaginary stuff we are trained to
think of as important – money – in whatever quantities we liked.
This is how it works: when they print quite a lot of this stuff there is
a boom. When they print too much of it, there is inflation (actually, the
printing of money is inflation). When they stop printing it or simply hold on
to it, there is a depression.” [Source]
In Switzerland, 90% of all money in circulation is electronic, and for
this, The National Bank of Switzerland has become the direct target of the
Sovereign Money Campaign. Swiss law has in the past required required banks to
back all currency creation with collateral assets like physical silver or gold,
however in recent decades the climate has changed, and, “due to the
emergence of electronic payment transactions, banks have regained the
opportunity to create their own money.”
The grass roots campaign said in a public statement regarding the intentions of the
referendum, “banks won’t be able to create money for themselves any more,
they’ll only be able to lend money that they have from savers or other banks.”
This is an interesting twist in the human saga of man vs. banks, and
while it remains to be seen if the referendum passes or not, it must be pointed
out that it does have its own problems, articulated by Sam Gerrans:
“… it does say that the central bank should be given sole right to
create money. This would essentially leave the creation of money in the same
hands as those who control the Federal Reserve or the Bank of England rather
than allow them to farm out the process. But at least it shows that people are
beginning to wake up to where the true power lies.
In the unlikely event that this grass-roots movement in Switzerland
should get its way and its proposed legislation be enacted, and then begin to
morph into something which really does threaten the banking elite, we must not
be surprised if Switzerland is shortly discovered to be harboring weapons of
mass destruction, or to have masterminded 9/11, or to be financing Islamic
State.”
Part of the cultural conditioning of our time is an ingrained,
pre-assumed dependency on sacred cow institutions like banking. Just like it is
impossible for most Americans to envision a world withoutDemocrats and Republicans, it is difficult for most people
to imagine a world without predatory global banking.
Yet, there are a number of other possibilities for trading, storing wealth,
and facilitating development in the world. This is not the only economic
system we can imagine, and as Iceland has proven, people can regain control of
their collective wealth, so perhaps this revolution will foment further in
Switzerland, presenting a chance to at least bring greater awareness to the
truth about central banking.
About the Author
Isaac
Davis is an outspoken advocate of liberty and an honest society from the
top down. He is a contributing writer for WakingTimes.com. Follow him on
Facebook, here.
This article was originally published by Waking Times and has been republished under a
Creative Commons License.
This story has been brought to you by the Emerald Chamber of Commerce Inc.
(Ph: 07 4982 3444)
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