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Old August 18th, 2014 #117
Pierre-Marc
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Another federal referendum has been launched in June to restrict the creation of money to the Swiss National Bank only. I guess this would prohibit fractional reserve banking...

http://www.initiative-monnaie-pleine.ch/english/
Preparations for the spring launch are well under way, including the draft proposed amendments to the Swiss Constitution. In a nut shell, the proposal extends the Swiss Federation’s existing exclusive right to create coins and notes, to also include deposits. With the full power of new money creation exclusively in the hands of the Swiss National Bank, the commercial banks would no longer have the power to create money through lending. The Swiss National Bank’s primary role becomes the management of the money supply relative to the productive economy, while the decision concerning how new money is introduced debt free into the economy would reside with the government. As is evident from the foregoing, the MoMo monetary reform initiative is essentially based on the monetary reform advocated by PositiveMoney.

Text of the amendment:
https://translate.google.com/transla...-text=&act=url

They have until December 3rd, 2015 to get the 100'000 signatures.