{"id":2288,"date":"2014-12-01T20:28:40","date_gmt":"2014-12-02T01:28:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2288"},"modified":"2014-12-01T20:28:40","modified_gmt":"2014-12-02T01:28:40","slug":"i-am-a-hard-working-taxpayer-who-is-getting-pretty-fed-up","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2288","title":{"rendered":"\u201cI am a hard working taxpayer who is getting pretty fed up. . .\u201d"},"content":{"rendered":"<p><a href=\"http:\/\/www.sovereignman.com\/finance\/i-am-a-hard-working-taxpayer-who-is-getting-pretty-fed-up-15650\/\">\u201cI am a hard working taxpayer who is getting pretty fed up. . .\u201d<\/a>.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word; padding: 0px; margin: 0px 0px 27px 0px;\">So the Swiss have decided not to force their central bank into underpinning its reserves with harder assets than increasingly worthless euros.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word; padding: 0px; margin: 0px 0px 27px 0px;\">At least they had the chance to vote.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word; padding: 0px; margin: 0px 0px 27px 0px;\">But in the bigger picture, the rejection of the \u201cSave Our Swiss Gold\u201d initiative flies in the face of a broader trend towards repatriation and consolidation of sovereign bullion holdings \u2013 following on the heels of similar attempts by the Bundesbank, the Dutch central bank, for example, recently announced that it had moved a fifth of its total gold reserves from New York to Amsterdam.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word; padding: 0px; margin: 0px 0px 27px 0px;\">And the physical metal continues its inexorable exodus eastwards, into stronger hands that are unlikely to relinquish it any time soon.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word; padding: 0px; margin: 0px 0px 27px 0px;\">The Swiss vote was preceded by some fairly extraordinary black propaganda, most notoriously by Willem Buiter of the banking organisation that now styles itself \u2018Citi\u2019.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word; padding: 0px; margin: 0px 0px 27px 0px;\">Once again we were treated to the intriguing claim that gold is nothing more than \u201ca six thousand year-old bubble\u201d, and a \u201cfiat commodity currency\u201d (whatever that might mean) that has \u201cinsignificant intrinsic value\u201d.<\/p>\n<p style=\"box-sizing: border-box; word-wrap: break-word; padding: 0px; margin: 0px 0px 27px 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cI am a hard working taxpayer who is getting pretty fed up. . .\u201d. So the Swiss have decided not to force their central bank into underpinning its reserves with harder assets than increasingly worthless euros. At least they had the chance to vote. But in the bigger picture, the rejection of the \u201cSave Our [&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":[124,309,374,426,536,1556,868],"class_list":["post-2288","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-fiat-currency","tag-gold","tag-inflation","tag-money","tag-swiss-referendum","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2288","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=2288"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2288\/revisions"}],"predecessor-version":[{"id":2289,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2288\/revisions\/2289"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}