Post Mortem on the Swiss Gold Initiative
The Swiss gold initiative has failed, and although it was portrayed as a very radical bill by supporters of fiat money, it was a very mild effort that would not have done much to limit the Swiss central bank.
The Swiss gold initiative has failed, and although it was portrayed as a very radical bill by supporters of fiat money, it was a very mild effort that would not have done much to limit the Swiss central bank.
G-20 nations rubber-stamp plans to have you bail out the too-big-to-fail banks.
Jeff Deist and Claudio Grass discuss this Sunday’s historic Swiss gold referendum vote from his insider’s perspective.
Zero Hedge reports that Marine LePen of the unexpectedly popular National Front Party in France is now demanding that the French central bank repatriate its gold.
The Daily Bell skewers the Swiss banking class for its hostility to the upcoming gold referendum. Still, as the article points out, central bankers are now on the defensive.
Our global system of fiat moneys favors spenders and borrowers over savers.
Mises Daily Thursday by Jörg Guido Hülsmann:
Our global system of fiat moneys favors spenders and borrowers over savers. Low- and moderate-income households who wish to save for the future are at the greatest disadvantage, and this has led to profound cultural changes over the past century.
It’s hard to walk away from Brendan Brown’s most recent book without a feeling of deep disappointment in modern day central banks. T