Post
Topic
Board Economics
Re: Switzerland is thinking about erasing debt-money !
by
rodalutor
on 21/02/2018, 18:10:26 UTC
This is incredible !

They will hold a referendum about the separation of money and debt, requiring commercial banks to no longer create money out of nothing !

There is hope !

See: https://www.trustnodes.com/2018/02/19/switzerland-hold-historic-referendum-sovereign-money

I don't think this will pass. The way Swiss citizens get to vote on such things is really wonderful to see but they're an educated bunch and I think ultimately they'll realise that this helps to stimulate the economy. With the strict regulations they have in place such as Basel III and the reserve requirements etc it should be safe to assume that banks can operate with relatively little risk and still stimulate the economy through that.