The Phaserl


Swiss Move to Back Franc with Gold for Real?

from The Daily Bell:

Swiss Gold Initiative Would Hamper SNB Policy, Government Says … Asking the Swiss National Bank to hold a fixed portion of its assets in gold would hinder monetary policy, the government said today. Switzerland will vote on the initiative “Save Our Swiss Gold” on Nov. 30 that would force the central bank to hold at least twenty percent of its assets in gold. It would also forbid the sale of any such holdings and require all the gold be held in Switzerland. – Bloomberg

Dominant Social Theme: This is ridiculous. Everyone knows central banks are progressive and gold is a barbarous relic.

Free-Market Analysis: So having severed what was left of the link between gold and the Swiss franc around 2000 AD, the Swiss are now having second thoughts. Good luck to them. We’ve tried to figure out if there’s more to this than meets the eye. We’re not sure. Usually when something like this happens, the globalist clique that works hard to maintain and expand its control wants to control both sides of the argument. We think that’s happening with the BRICS, for instance. We need to remind ourselves that the concept of the BRICS was developed by former Goldman Sachs economist Jim O’Neill. And the BRICS don’t really offer an alternative money, do they?

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2 comments to Swiss Move to Back Franc with Gold for Real?

  • Hondo Stalwart

    Bring it on!

  • Ed_B

    “And the BRICS don’t really offer an alternative money, do they?”

    Not yet. But they will… and when they do, it will puncture the balloons we now call fiat currencies. POP! POP! POP! POP! they will all go in a series. Yen first, then the Euro, then the Lb Sterling, then the US dollar.

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