Switzerland to vote on banning banks from creating money
Helen Dew
Switzerland to vote on banning banks from creating money
http://www.telegraph.co.uk/finance/economics/11999966/Switzerland-to-vote-on-banning-banks-from-creating-money.html
Switzerland will hold a referendum to decide whether to ban commercial banks from creating money.
The Swiss federal government confirmed on Thursday that it would hold the plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system.
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 won’t be able to create money for themselves any more, they’ll only be able to lend money that they have from savers or other banks," said the campaign group.
Helen Dew
LIVING ECONOMIES Educational Trust
Website & bookstore: www.le.org.nz
12 Costley St, Carterton 5713, New Zealand
P: 0064 6 379 8034
M: 027 9009 742
FB: https://www.facebook.com/livingeconomies#!/livingeconomies
Living Economies promotes and supports interest-free systems of exchange to complement money in local communities.
Jorn Bettin
In case this initiative succeeds it would represent a big step towards a healthier economic ecosystem, and towards taking unproductive busyness out of business. In any event, it is encouraging to see that an initiative like this is able to gather more than 100,000 supporters in a small country like Switzerland.
This e-mail message and any attachments contain information that is confidential and may be subject to legal privilege. If you are not the intended recipient, you must not peruse, use, pass on or copy this message or any attachments. If you have received this email in error, please notify us by return e-mail and erase all copies of this message including any attachments. Thank you.
--
You received this message because you are subscribed to the Google Groups "Living Economies" group.
To unsubscribe from this group and stop receiving emails from it, send an email to le-nz+un...@googlegroups.com.
To post to this group, send email to le...@googlegroups.com.
Visit this group at https://groups.google.com/group/le-nz.
For more options, visit https://groups.google.com/d/optout.
Helen Dew
Yes, impressive indeed!
Going by the link below
( known as the Vollgeld initiative
) it seems this group is committed – they’ve obviously put in some
solid work.
It will be interesting to see how this initiative progresses!
For more items like this visit The Automatic Earth, for their daily posts on ‘The Debt Rattle’.
See also Nicole Foss’ recently released DVD Challenges and Choices.
Cheers,
Helen
Jorn Bettin
The quarterly unConference on Interdisciplinary Innovation and Collaboration in Auckland covers related topics. This month CIIC explored the generation of economic value cycles without the trappings of financialised economics.
This e-mail message and any attachments contain information that is confidential and may be subject to legal privilege. If you are not the intended recipient, you must not peruse, use, pass on or copy this message or any attachments. If you have received this email in error, please notify us by return e-mail and erase all copies of this message including any attachments. Thank you.