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Published on Gold Anti-Trust Action Committee (http://gata.org)

Swiss voters reject radical sovereign money plan in landslide

By cpowell
Created 2018-06-10 14:33

By Catherine Bosley
Bloomberg News
Sunday, June 10, 2018

Swiss voters dismissed a radical proposal to overturn one of the financial system's core tenets.

The so-called sovereign money initiative, or "Vollgeld," would have ended the system of fractional reserve banking that has been around for centuries by allowing only the Swiss National Bank to "create" money. But 75.7 percent of voters rejected the measure, according to the government. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-06-10/swiss-set-to-reject-s... [1]


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