“In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks. These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European Central Bank. The view in Switzerland is that a gold backed Swiss franc would be more valuable, and a more valuable franc would increase the purchasing power of wage earners, thus reducing their living costs. The vote is clearly a vote about income shares between the rich and the poor.”
Related posts:
Native American Charged Criminally For Hanging US Flag Upside Down
Police now accompanying Smart Meter installations: Two homeowners arrested for saying NO
Oakland to ban hammers, wrenches, tripods, walking canes, shields and other 'tools of vandalism' dur...
More Bad Consequences from Obamacare
Interview: Architect of the Belarusian Cryptocurrency and Digital Tech Law
Prison State Chronicles
Arkansas mayor fires rifle seized by police, shattering city hall window
Singapore government to tax some bitcoin transactions
IRS Now Has a Tool to Spy On Bitcoin Users
Berkeley, CA Replacing Municipal Debt With Blockchain Crowdfunding
100MPH Police Chase of Pot Car Ends in Fatal Crash, Injured Workers
China’s Shadow Currency Addiction: ‘The Mother of All Bubbles’
Nervous About Traffic Stops? I Am. You Should Be, Too
Extensive Syrian Timeline Exposes Buildup to False Flag
Tax bills prompt Chinese to ditch US passports