{"id":2139,"date":"2014-11-27T16:05:17","date_gmt":"2014-11-27T21:05:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2139"},"modified":"2014-11-27T16:05:17","modified_gmt":"2014-11-27T21:05:17","slug":"swiss-gold-referendum-what-it-really-means-paul-craig-roberts-paulcraigroberts-org","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2139","title":{"rendered":"Swiss Gold Referendum: What It Really Means &#8212; Paul Craig Roberts &#8211; PaulCraigRoberts.org"},"content":{"rendered":"<p><a href=\"http:\/\/www.paulcraigroberts.org\/2014\/11\/24\/swiss-gold-referendum-really-means-paul-craig-roberts\/\">Swiss Gold Referendum: What It Really Means &#8212; Paul Craig Roberts &#8211; PaulCraigRoberts.org<\/a>.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 16px; font-weight: normal; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 20px 0px; border: 0px initial initial;\">In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks.<a style=\"font-size: 16px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; outline-width: 0px; outline-style: none; outline-color: initial; text-decoration: none; color: maroon; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px;\" href=\"http:\/\/snbchf.com\/gold\/swiss-gold-referendum-latest-news\/\" target=\"_blank\">http:\/\/snbchf.com\/gold\/swiss-gold-referendum-latest-news\/<\/a>\u00a0These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European Central Bank.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 16px; font-weight: normal; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 20px 0px; border: 0px initial initial;\">First, let\u2019s examine the reasons for these class-based poll results. The view in Switzerland is that a gold backed Swiss franc would be more valuable, and a more valuable franc would increase the purchasing power of wage earners, thus reducing their living costs. For the wealthy stock owners, a stronger franc would reduce Swiss exports, and less exports would reduce stock prices and the wealth of the wealthy.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 16px; font-weight: normal; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 20px 0px; border: 0px initial initial;\">The vote is clearly a vote about income shares between the rich and the poor. The Swiss establishment opposes the gold-backed franc, as does Washington.<\/p>\n<p style=\"outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 16px; font-weight: normal; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 20px 0px; border: 0px initial initial;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swiss Gold Referendum: What It Really Means &#8212; Paul Craig Roberts &#8211; PaulCraigRoberts.org. In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,374,1137,775],"class_list":["post-2139","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-gold","tag-gold-referendum","tag-switzerland"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2139"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2139\/revisions"}],"predecessor-version":[{"id":2140,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2139\/revisions\/2140"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}