– Swiss to vote on 2,500 franc basic income for every adult (Reuters, Oct. 4, 2013):
Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis.
A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs ($2,800) per month from the state, with the aim of providing a financial safety net for the population.
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Tags: Global News, Government, Politics, Society, Switzerland
Hordes of bankrupt French invade Switzerland to get their hands on their “stolen” money — such is the imaginary scenario cooked up by the Swiss military in simulations revealed over the weekend.
The current number of recruits in the Swiss army stands at around 155, 000 — the biggest army in Europe relative to population size.
- Swiss war game envisages invasion by bankrupt French (Telegraph, Sep 30, 2013):
Carried out in August, the apparently outlandish army exercise was based on the premise of an attack by a financially stricken France split into warring regions, according to Matin Dimanche, the Lausanne-based daily.
One of these, “Saônia,” corresponding to the existing Jura region, was preparing attacks on Switzerland to retrieve money it had apparently swiped from France.
Operation “Duplex-Barbara” went as far as imagining a three-pronged invasion from points near Neufchâtel, Lausanne and Geneva, according to a map published in the Swiss newspaper.
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Tags: France, Global News, Government, Military, Politics, Switzerland
Gold backwardation is signaling to me that we are approaching the endgame.
Prepare for collapse.
- JPMorgan Puzzled By Record Gold Backwardation
- Physical Gold Supply Tightness (2 Powerful Videos)
- Gold is Flooding Out of London to Switzerland at an Alarming Rate (Liberty Blitzkrieg, Aug 19, 2013):
This is one of those stories about the gold market that almost seems too wild to be true since the numbers are so extraordinary. According to a Reuters article from earlier today, Australian bank Macquarie has reported that gold is flooding out of London and into Switzerland at a mind-boggling rate. Specifically, 240 tons were exported in May alone and 797 tons during the first half of 2013. That means gold is being exported at a annualized run rate of 17x the 92 tons exported for all of 2012. That’s insane.
Moreover, it seems a lot of that gold is being sent to Switzerland so that the 400oz bars can be melted down into different sizes that are more amenable to Asian sensibilities. So, as many of us suspected all along, what has happened is lobotomized Westerners have sent much of their gold to Asia just as the financial system prepares to melt down again. The fact that the market has absorbed all of this and yet we still have a backwardated market is extremely bullish.
Aug 19 (Reuters) – Britain’s gold exports to Switzerland surged in the first half of this year, Australian bank Macquarie said on Monday, suggesting bullion being sold out of exchange-traded funds may be heading for Swiss refineries before being sold on in Asia.
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Tags: Collapse, Dollar, Economy, Global News, Gold, Switzerland, U.K.
- UNPRECEDENTED Shortages Of Ammo, Physical Gold And Physical Silver (Economic Collapse, April 25, 2013):
All over the United States we are witnessing unprecedented shortages of ammunition, physical gold and physical silver. Recent events have helped fuel a “buying frenzy” that threatens to spiral out of control. Gun shops all over the nation are reporting that they have never seen it this bad, and in many cases any ammo that they are able to get is being sold even before it hits the shelves. The ammo shortage has already become so severe that police departments all over America are saying that they are being told that it is going to take six months to a year to get their orders. In fact, many police departments have begun to trade and barter with one another to get the ammo that they need. Meanwhile, the takedown of paper gold and paper silver has unleashed an avalanche of “panic buying” of physical gold and physical silver all over the planet. In the United States, some dealers are charging premiums of more than 25 percent over the spot price for gold and silver and they are getting it. People are paying these prices even though they are being told that delivery will not happen for a month or two in many cases. Some dealers are feverishly taking as many orders as they can, and they are just hoping that they will be able to get the physical gold and silver to eventually fill those orders. Personally, I have never seen anything like this. If things are this tight now, what is going to happen when the next major financial crisis strikes and people really begin to panic? Continue reading »
Tags: ABN Amro, Ammunition, Banking, Collapse, Economy, Gold, Government, Guns, Holland, Silver, Society, Switzerland, U.S.
- Swiss To Vote On Gold Repatriation (ZeroHedge, March 21, 2013):
The Swiss National Bank (SNB), which supposedly guarantees price stability in Switzerland, currently holds about 1,040 tons of gold reserves after gradually selling off at least 1,550 tons and now members of the Swiss People’s Party, the far-right Swiss Democrats and the Lega dei Ticinesi movement, is confident a nationwide vote will be called (after they gathered 106,000 signatures) on stopping the sale of gold reserves held by the SNB. It also wants gold bars stored in the US to be returned. As Swiss Info reports, the People’s Party leader Luzi Stamm comments, “Gold reserves guarantee the stability of the Swiss franc. They ensure that that private savings, salaries, pension keep their value,” warning that gold must not be the object of speculation for the SNB or for politicians and demanding the SNB keep a minimum of 20 per cent of its assets in gold, twice the current level. In addition, they want to force the government to disclose where the gold reserves are stored, since “it is only in safe hands if it is kept in Switzerland.”
Via Swiss Info,
A rightwing group has submitted more than 106,000 signatures to the federal authorities, seeking a vote on stopping the sale of gold reserves held by the Swiss National Bank (SNB). It also wants gold bars stored in the US to be returned.
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Tags: Economy, Gold, Government, Politics, Switzerland, U.S.
- Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does (Economic Collapse, Feb 5, 2013):
An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks. It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws. Even Wikipedia admits that “it is not accountable to any single national government.“ The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system. Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does. Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”. During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on. The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system. It is imperative that we get people educated about what this organization is and where it plans to take the global economy.
Sadly, only a very small percentage of people actually know what the Bank for International Settlements is, and even fewer people are aware of the Global Economy Meetings that take place in Basel on a bi-monthly basis.
These Global Economy Meetings were discussed in a recent article in the Wall Street Journal… Continue reading »
Tags: Bank for International Settlements, Banking, BIS, Central Bank, Economy, Government, New World Order, Politics, Switzerland
US singer Tina Turner arrives for the Emporio Armani fashion show in Milan, on February 26, 2011. Turner — who has been living in Switzerland since 1995 — will soon receive Swiss citizenship and will give up her US passport, according to Swiss media reports.
- Tina Turner ‘to become Swiss, give up US passport’ (France 24/AFP, Jan 25, 2013):
US pop legend Tina Turner, who has been living in Switzerland since 1995, will soon receive Swiss citizenship and will give up her US passport, Swiss media reported Friday.”I’m very happy in Switzerland and I feel at home here. … I cannot imagine a better place to live,” Turner told German language daily Blick.
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Tags: Celebrities, Global News, Society, Switzerland, Tina Turner
- Swiss Capital Controls Escalate As Credit Suisse Sets Negative CHF Deposit Rates (ZeroHedge, Dec 3, 2012):
In a world that already makes little sense to most, Credit Suisse just pushed the envelope a little further. The bank has just announced that going forward it will be charging for firms to hold a CHF cash balance – i.e. the bank, given the already-negative Swiss government bond yields, has moved to its own NIRP for its clients. The need to do this suggests an overwhelming desire for short-term safety that flies in the face of the seeming level of complacency that exists in the European bond (and stock markets). As we have warned before, it seems that the currency wars that appear to have escalated have now started the ‘capital control’ wars as CS (and implicitly the SNB) adds this negative interest rate ‘charge’ to its already pegged currency in the vain hope of managing the unmanageable flow of safe-haven-seeking cash.
- CREDIT SUISSE INFORMS BANK CLIENTS OF NEGATIVE RATES ON CHF FROM DEC.10
- CREDIT SUISSE INFORMS CLIENTS IN SWIFT NOTICE, CONFIRMED BY BNK
In other words, Europe is so fixed, Swiss banks are furiously doing everything in their power to halt the dumping of EUR in exchange for CHF, and to push everyone, kicking and screaming, into the absolutely safety and well-being of the Euro, which according to Eurozone politicians is strong as diamond, which is vernacular for as close to collapse as the next Greek popular election.
Tags: Banking, Credit Suisse, Economy, Global News, Switzerland
- Global Shadow Banking System Rises To $67 Trillion, Just Shy Of 100% Of Global GDP (ZeroHedge, Nov 18, 2012)
Tags: Banking, cds, China, Collapse, ECB, Economy, EU, Europe, Fed, Federal Reserve, GDP, Global News, India, Japan, Mexico, Quantitative Easing, Switzerland, Turkey, U.K., U.S.