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12-29-2015, 05:41 AM
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Confirmed User
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Join Date: Aug 2005
Location: YUROP
Posts: 8,592
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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.
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