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Is Switzerland About to Become First Country to Outlaw a Cashless Society?
Is Switzerland About to Become First Country to Outlaw a Cashless Society? As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely. This is a rare positive news story that, […]
Switzerland, Facing an Unprecedented Power Shortage, Contemplates a Partial Ban on the Use of Electric Vehicles
Switzerland, Facing an Unprecedented Power Shortage, Contemplates a Partial Ban on the Use of Electric Vehicles It turns out that you can have battery-powered cars, or you can have renewable energy, but you can’t have both. The Swiss Confederation usually imports electricity from France and Germany to keep the lights on over the winter, but […]
Switzerland to Prosecute COVID Skeptics – Welcome to Tyranny
Switzerland to Prosecute COVID Skeptics – Welcome to Tyranny Swiss health economist Willy Oggier calls for skeptics of the new coronavirus to be taken seriously. He calls for the immediate introduction of a legal basis allowing them to impose heavy fines without going through lengthy procedures. The private security services and the railway police should also […]
Electoral College: Why We Must Decentralize Democracy
Electoral College: Why We Must Decentralize Democracy Although it was long assumed that the electoral college favored Democrats — and this assumption continued right up to election night 2016 — Democrats in the United States have now decided the electoral college is a bad thing. Thus, we continue to see legislative efforts to do away with the […]
More Italians Move Savings To Switzerland As Fears Of Banking “Doom Loop” Intensify
More Italians Move Savings To Switzerland As Fears Of Banking “Doom Loop” Intensify With the euro weakening against the Swiss franc (recently trading at session lows of 1.14) and Italian stocks and bonds tumbling once again on reports that the European Commission is planning to reject the Italian draft budget plan submitted earlier this week […]
Swiss Bank Freezes $5 Billion In Russian Money
Swiss Bank Freezes $5 Billion In Russian Money For years, Russian oligarchs and robber barons seeking to park their “unsourced” capital offshore and away from the sticky fingers of the Kremlin, treated Swiss bank accounts (preferably anonymous) with their “no questions asked” customer policies as, well, Swiss bank accounts. No more. One of Switzerland’s largest […]
Switzerland – A Once-in-a-Lifetime Chance to spreading Positive Banking News to the World
Switzerland – A Once-in-a-Lifetime Chance to spreading Positive Banking News to the World It’s called “Vollgeld Initiative” – in German, meaning more or less “Referendum for Sovereign Money”. What is “Sovereign Money”? – Its money produced only by the Central Bank, by the “Sovereign”, the government, represented by its central bank. Money created in accordance […]
Switzerland too Falls Out of Love with the EU
Switzerland too Falls Out of Love with the EU Did someone say “referendum?” The EU’s relations with key third-party country Switzerland have sunk to their lowest point in years thanks to a last-minute decision by the European Commission to grant Swiss stock exchanges just one year’s further access to the single market. Switzerland is not […]
Can Switzerland Save the World?
Can Switzerland Save the World? Switzerland: Far from Flawless, but still a Unique Country – An Interview with Claudio Grass Our friend Claudio Grass has discussed Switzerland in these pages before, and on one of these occasions we added some background information on country’s truly unique political system (see “The People Against the Establishment” for […]
Global Retirement Reality
Global Retirement Reality Global Shortfall UK Time Bomb Swiss Cheese Retirement Pay-As-You-Go Woes Lisbon, Denver, Lugano, and Hong Kong Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: […]
Cycle of Civilization
COMMENT: Interestingly enough, in Switzerland the -in majority- leftish and Pro-EU government has been trying to push Switzerland into EU for years as you’re aware of. Now the SVP is fighting against a new international contract, called “institutional agreement” which would give (amongst others) the EUGH the Supremacy Clause over Switzerland – end of Swiss direct […]
Can Switzerland Survive Today’s Assault on Cash and Sound Money?
CAN SWITZERLAND SURVIVE TODAY’S ASSAULT ON CASH AND SOUND MONEY? “Switzerland will have the last word,” wrote Victor Hugo in the late 19th century. “It possesses one of the most perfect forms of government in the world.” A contemporary of his, Frederick Kuenzli, a scholar of the Swiss Army, boasted: “No purer type of Republican […]
Can Switzerland Survive Today’s Assault on Cash and Sound Money?
Can Switzerland Survive Today’s Assault on Cash and Sound Money? “Switzerland will have the last word,” wrote Victor Hugo in the late 19th century. “It possesses one of the most perfect forms of government in the world.” A contemporary of his, Frederick Kuenzli, a scholar of the Swiss Army, boasted: “No purer type of Republican […]
Free Money Leaves Everyone Poorer
Free Money Leaves Everyone Poorer Destroying Lives BALTIMORE – A dear reader reminded us of the comment, supposedly made by Groucho Marx: “A free lunch? You can’t afford a free lunch.” Groucho dispensing valuable advice Photo via imdb.com He was responding to last week’s Diary about the national referendum in Switzerland on Saturday. Voters will decide whether to […]
