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Author Topic: The swiss are seeing the paper money fraud and are voting on gold backing  (Read 2375 times)
Mccoy818
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October 30, 2014, 09:38:56 AM
 #21

I really don't know if I am going to be happy with this news or be sad with it.
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medusa13
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October 30, 2014, 11:06:48 AM
 #22

hello.

nice to see peple talk about swizerland.

i wannt to clear some things: it is not meant that the swiss national banks has to buy a lot of gold on the markets, this would skyrocket price to soon/collapse the paper gold scam. they want to force the national bank to reduce its balance sheet, mainly euros. since swizerland still has a lot of gold, reducing the amount of euros held by the national bank would also do it. this would mean the fixed chf/eur rate of 1.20 would be history and the swiss franc would probably enhance a lot.

i remember the day when the nationalbank introduced the fixed rate between euro and chf, i lost like 20% that night.

anyway me personally thinks a gold standart is not the solution for swizrland/world. The main problem is the creation of money via credit through private banks and this is not addressed. The swiss people do not want unlimited money creration out of nothing, but a partly gold standard is not the solution to that. most people here still do not know how money is created, still they have the opportunity to vote on a gold standard, crazy country.

1 year ago i would have voted yes. right now i do not feel like i should support it, simply because there are better things (an no i do not talks about bitcoin, but maybe a little bit about cryptos)

there is a far more important initiative on the way in swizerland, its called "full money initiative", It adresses the creation of money directly. The main goal is that only the nationalbank should be able to create swiss francs. I know there are also supporters of the creation of money via credit, i am not.


voting brings a lot of responibility. you can not vote for something only because you are angry(thats what many swiss people sometimes do wrong). it has to bee right, since thiss will be the law later. if its shit, better change nothing and wait. thats one of the things that make democracy pretty slow sometimes

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October 30, 2014, 11:58:01 AM
 #23

And look how much trouble Germany is having getting gold back from the FRBNY...

The germany gold does not exists anymore. US-gouvernment sold it over Hongkong traders over the last years/decades. Nothing more than a "Show room" is left with a handfull nuggets in.
How believes that germany will ever get back the gold from US is purely naiv.
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October 30, 2014, 12:29:38 PM
 #24

Swiss is a place where tons of fiat rich people store their fiats at. I's against their interest that the fiat scam ends, therefore, I doubt it will happen.

Yes, i just read yesterday that in Switzerland, they have so many rich that on average every citizen have $581k.  What is more then 10 times more then is world average.

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medusa13
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October 30, 2014, 01:02:34 PM
 #25

average yearly income is around 75k to 90k CHF. In many sectors(banking/IT) its more. Normal house is about 700k - 1200k (5-6 rooms), in some regions even more. impossible to find a house under 1 mio(not a big one)

the funny thing about this: swizerland is the last in the home-ownership ranking of all european nations. only about 36% own properties. compared to spain(86%), greece(74%) and norway(86%).
Taxes are the reason for this, there is a special tax that no other european nation has. if you own property and have no debt, you are most likely a millionaire.

the tax explained simple: If you own a house, the amount you save for not paying rent need to be declared as income, and for that income you pay income taxes. so even if youre old and have a house, no income and no money, they will suck you dry. the explanation is that people that rent property also need to pay income tax on the money they need for paying the rent, so to make it fair, they tax the homeowners.

for most swiss people, owning property is an unreachable dream unless you want to become an interest slave.

cheapest way (for taxes) has been letting the credit run for forever.

If interest rates spike fast and hard, this will maybe end in tears for some.




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abrahamlitcoin
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October 30, 2014, 03:20:56 PM
 #26

Wise men always choose Gold over bitcoin/money

Bit N Roll
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November 01, 2014, 02:54:01 AM
 #27

Wise men always choose Gold over bitcoin/money

So are you a wiseman abraham?
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November 02, 2014, 03:19:02 AM
 #28

I don't understand swiss frac is naturally strong and retains a value in it because it is backed by gold . And why suddenly they need this?

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November 02, 2014, 11:12:47 PM
 #29

I don't understand swiss frac is naturally strong and retains a value in it because it is backed by gold . And why suddenly they need this?
Due to their many close ties to the EU, the swiss have had to keep pace with the euro and debase the franc. That has caused high inflation in some assets like homes I believe and the swiss don't like that. Forcing a higher % of gold backing would make it infeasible to maintain the euro peg at 1.20
An angry clueless mob dictating monetary policy, however, can hardly be of any help.

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November 02, 2014, 11:52:22 PM
 #30

Wise men always choose Gold over bitcoin/money

So are you a wiseman abraham?
abrahamlitcoin is a wiseman because he uses litecoin.
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November 03, 2014, 12:40:59 PM
 #31

Let's see what comes out from this when they vote. It would begin to sound like an advantage to bitcoin

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