Switzerland Follows Iceland in Declaring War Against the Banksters

swiss_francsBy Isaac Davis

If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”Josiah Stamp

Iceland has gained the admiration of populists in recent years by doing that which no other nation in the world seems to be willing or capable of doing: prosecuting criminal bankers for engineering financial collapse for profit.

Their effective revolt against the banking class, who drove the tiny nation into economic crisis in 2008, is the brightest example yet that the world does not have to be indebted in perpetuity to an austere and criminal wealthy elite. In 2015, 26 Icelandic bankers were sentenced to prison and the government ordered a bank sale to benefit the citizenry.

Inspired by Iceland’s progress, activists in Switzerland are now making an important stand against the banking cartels and have successfully petitioned to bring an initiative to public referendum that would attack the private banks where it matters most: their power to lend money they don’t actually have, and to create money out of thin air.

Switzerland will hold a referendum to decide whether to ban commercial banks from creating money.

The Swiss federal government confirmed on Thursday that it would hold a plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system.

The campaign – led by the Swiss Sovereign Money movement and known as the Vollgeld initiative – is designed to limit financial speculation by requiring private banks to hold 100pc reserves against their deposits.  [The Telegraph]

Switzerland is in a key position to play a revolutionary role in changing how global banking functions. In addition to being the world’s safest harbor for storing wealth, it is also home to the Bank for International Settlements (BIS)a shadowy private company owned by many of the world’s central banks, and acting as a lender to the central banks. The BIS is the very heart of global reserve banking, the policy that enables banks to lend money that does not actually exist in their bank deposits, but is instead literally created electronically from nothing whenever a bank extends a line of credit.

Reserve banking is the policy that guarantees insurmountable debt as the outcome of all financial transactions.

The Sovereign Money initiative in Switzerland aims to curb financial speculation, which is the intended and inevitable result of reserve banking, the tool that makes financial adventurism possible by supplying the banks with endless quantities of fiat money.

Limiting a bank’s ability to produce money from nothing would be a direct blow to the roots of the banking cartel, and would cripple their ability to manipulate the world economy. Here’s how it works, in rather simplified terms:

…if we had access to the same computer terminals the banks have, we could magic in or out of existence all the imaginary stuff we are trained to think of as important – money – in whatever quantities we liked.

This is how it works: when they print quite a lot of this stuff there is a boom. When they print too much of it, there is inflation (actually, the printing of money is inflation). When they stop printing it or simply hold on to it, there is a depression. [Source]

In Switzerland, 90% of all money in circulation is electronic, and for this, The National Bank of Switzerland has become the direct target of the Sovereign Money Campaign. Swiss law has in the past required required banks to back all currency creation with collateral assets like physical silver or gold, however in recent decades the climate has changed, and, “due to the emergence of electronic payment transactions, banks have regained the opportunity to create their own money.”

You’ll be kicking yourself for not picking up silver at these prices (Ad)

The grassroots campaign said in a public statement regarding the intentions of the referendum, “banks won’t be able to create money for themselves any more, they’ll only be able to lend money that they have from savers or other banks.”

Swiis-National-BankThis is an interesting twist in the human saga of man vs. banks, and while it remains to be seen if the referendum passes or not, it must be pointed out that it does have its own problems, articulated by Sam Gerrans:

… it does say that the central bank should be given sole right to create money. This would essentially leave the creation of money in the same hands as those who control the Federal Reserve or the Bank of England rather than allow them to farm out the process. But at least it shows that people are beginning to wake up to where the true power lies.

In the unlikely event that this grass-roots movement in Switzerland should get its way and its proposed legislation be enacted, and then begin to morph into something which really does threaten the banking elite, we must not be surprised if Switzerland is shortly discovered to be harboring weapons of mass destruction, or to have masterminded 9/11, or to be financing Islamic State.

Part of the cultural conditioning of our time is an ingrained, presumed dependency on sacred cow institutions like banking. Just like it is impossible for most Americans to envision a world without Democrats and Republicans, it is difficult for most people to imagine a world without predatory global banking.

Yet, there are a number of other possibilities for trading, storing wealth, and facilitating development in the world. This is not the only economic system we can imagine, and as Iceland has proven, people can regain control of their collective wealth, so perhaps this revolution will foment further in Switzerland, presenting a chance to at least bring greater awareness to the truth about central banking.

Image Credit

Isaac Davis is an outspoken advocate of liberty and an honest society from the top down. He is a contributing writer for WakingTimes.com. Follow him on Facebook, here.

This article (Switzerland Follows Iceland in Declaring War Against the Banksters) was originally created and published by Waking Times and is published here under a Creative Commons license with attribution to Isaac Davis and WakingTimes.com. It may be re-posted freely with proper attribution, author bio, and this copyright statement.

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25 Comments on "Switzerland Follows Iceland in Declaring War Against the Banksters"

  1. Looks like some activists will be falling off buildings soon….

  2. Don’t expect something like this to ever happen here in the U.S. Because the bankers own the government.

    • You don’t think Swiss bankers own the govt in Switzerland? They have for eons, check it out, it’s well-known.

  3. Banksters need to go – KUDOS to Switzerland.
    Now if the U.S. could start a similar movement – they could be ferreted out – they should all take a long walk off of a short pear – their would be a 1,000 years of peace.

    a much more humane system – no USURY.

    • Robert Hoogenboom | January 1, 2016 at 5:17 am | Reply

      Yes, that’s the problem, usury, not fiat money. The banks don’t create money, they create IOUs of money, They do so whenever they make a loan. Digital money is an IOU of real money, notes and coins, which is fiat money. When a bank makes a loan, it doesn’t lend real money, it adds the amount of the loan to the borrower’s account. This means that the bank owes the borrower that amount in real money (in fact, the borrower’s account is part of the creditors side of the bank’s general ledger). At the same time the bank creates another account in the name of the borrower with the same amount in it but with a minus sign in from of it. This means that the borrower owes the money back (this account is on the debtors side of the ledger). And the world trades with these positive accounts, these IOUs from banks to borrowers, i.e., digital money. Now, because this money wasn’t issued by Congress, it is in fact counterfeit money. And because no real money is actually lent to borrowers, the bank doesn’t risk any of its own real money. But the bank pretends it HAS lent its own money, or their depositors’ real money (notes and coins), and charges interest as though it had. This is true usury, not only because of the huge amount of interest charged (up to double the principal in a typical housing loan), but because the bank hasn’t risked any of its own or of its depositors’ money. Clever trick, huh, these two IOUs and the lie that digital money is real money and the bank runs a risk of losing any real money because the borrower may not pay the loan back and that therefore it is entitled to charge exorbitant interest. .

      • and if you default on the mortgage, no matter how long you’ve been paying the non-existent money back for, they get to take your home and sell it at another profit.

        what a cracking con game banking really is, and still nobody really knows.

    • Agreed. However I think you meant “pier” not “pear” which is a fruit.

      • James Andrews | April 16, 2016 at 8:03 am | Reply

        What is wrong about a pair of pears that have no pier; the fruits of missed keystrokes that have been pared off from achieving parity in this miserable world of piering perhaps too myopically into the world of spelling?

  4. not pear – pier.

  5. I thought the Swiss WERE the bankers.

  6. “The Swiss federal government confirmed on Thursday that it would hold a plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system.” That’s not reform. What nation, determined to live within its means, i.e., balance the budget, has need for anything other than a functioning Treasury Department, such as existed in the U.S. until WWI? Switzerland, which wisely maintained neutrality in WWI and WWII, but trained each citizen with military skills to ensure that it could, unlike Belgium, enforce its neutrality, had no need to become involved in the very wars that were historically the basis for central banking in the first place, is the last place that need a parasitic central bank at all.

  7. Michael Mayben | December 31, 2015 at 9:24 pm | Reply

    I like what Switzerland and Iceland are doing. America needs to audit the Federal Reserve then shut it down. It’s obvious the Fed, the Executive, and Congressional branches spending are responsible for America’s massive deficit and bankrupt economy.

  8. LOL, the evil residence is there do think they are to let this go thru, maybe for show. But not for real, it will be just buried in hidden legislation and go on as usual. Why do think they were neutral in so many wars, to protect the banksters.

  9. disqus_PAZz5o1Bj8 | January 1, 2016 at 3:01 pm | Reply

    I cannot see the advantage of stopping the smaller criminals but letting off the biggest criminals. If central banks are not stopped from lending money they don’t have, it is hardly useful. Only an elected government should be allowed to create money and even then not as much as to reduce the purchasing power of the currency.

  10. IT’s still a privately owned central bank who board consists of owners of the big corporate banks, it will make no difference at all.

  11. Don’t forget the Swiss Gold Referendum and how that turned out.

  12. There is one way that I believe we could get rid of the Central Bankers & their reserve banking system without complete chaos setting in!
    Keep the reserve banking system alive on an interim basis & move the system from the Federal Reserve Bank to the Treasury Department.We can phase Reserve Banking out of existence over a period of time without turning the world upside down!
    To help the process along we can institute something similar to J.F.K.’s executive order #11110 directing the Treasury Department to begin printing silver certificates as money!

    Off course we would also need to build the president an underground bunker to reside in so that he doesn’t meet the same fate as JFK!

    • collette.robert@yahoo.com | March 21, 2017 at 11:10 am | Reply

      Good idea. Just because the system is currently run by criminals doesn’t mean that it would not work much better if run by honest people for the benefit of humanity.

  13. over 100 years ago the great thinker,John Dalberg-Acton,…Lord Acton…. was quoted as saying
    “The issue which has swept down the centuries & will have to be fought sooner or later is the people versus the banks”

  14. This must be a joke. Switzerland´s banking system is the center of banking deceit.

  15. Mitch Mitchell | January 22, 2016 at 6:30 pm | Reply

    Did they not, over time, lobby to have the regulations relaxed and eventually done away with? The world needs to do away with these gangsters, who know fine well all political types can be bought.

  16. collette.robert@yahoo.com | March 21, 2017 at 11:07 am | Reply

    Public awareness is all that is needed to tame the beast and the internet is doing a good job of educating the people.

  17. collette.robert@yahoo.com | March 21, 2017 at 11:14 am | Reply

    Well said. We have been nuked by Israel on 9/11 with weapons they stole us, their “ally,” of course they tell us that they wage war by deceit so why should we be surprised?

  18. This is good news. Maybe more countries will figure out what a huge benefit it would be for their economies and will follow suit. But I do wonder if the Swiss’ motivation for doing it is to use it as an excuse to confiscate all of those bank accounts of crooked rich people from all over the world.

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