View Single Post
Old 12-29-2015, 05:41 AM  
Paul&John
Confirmed User
 
Paul&John's Avatar
 
Industry Role:
Join Date: Aug 2005
Location: YUROP
Posts: 8,592
Switzerland to vote on banning banks from creating money

not sure if posted before, but sounds interesting:
Switzerland to vote on banning banks from creating money - Telegraph

Referendum on radical proposal to give central banks sole money creation power will be held after petition gains 110,000 signatures

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.

"Banks wonâ??t be able to create money for themselves any more, theyâ??ll only be able to lend money that they have from savers or other banks," said the campaign group.
__________________
Use coupon 'pauljohn' for a $1 discount at already super cheap NameSilo!
Anal Webcams | Kinky Trans Cams Live | Hotwife XXX Tube | Get your Proxies here
Paul&John is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote