Leave it to those whacky Swiss....

The Swiss are renowned for not putting up with a lot of fake money games.  The average person there somehow is a lot more money savvy than the average anyone else in the world.  Today they have shown this by demanding their politicians issue a referendum on a "radical proposal" that only the central bank will have the power to create new money.

Folks, this is deflationary big time.  It means that the Swiss are going to vote on ending the scam of fractional reserve banking.  It is only by loaning out credit in excess of deposits that a bank can be said to create money and that is the dictionary definition of fractional reserve lending which is by far the worst culprit in the grand global debt Ponzi.  This is beyond huge if it passes.  It will absolutely collapse the price of real estate in that country and probably implode many of its more liberal leaning banks.  It is huge, huge, huge.

But it is also the fastest way to heal a country from debt addiction.

Keep an eye on this one folks because the Swiss are respected in the money world and if they do this and then are prosperous again in a short time then everyone else is going to wonder if they haven't figured out something important there.  And of course, they will have.  I cannot count the number of times I have brushed aside all of the symptoms of the failing global economy and pointed to the root cause of it all which is a fraudulent money supply.

Leaving the SNB still available to create fiat currency carries little risk once the fractional reserve part of the Swiss money supply goes away.  That is because if the SNB tries to print too much money then it will be completely obvious and everyone will run away from the Swiss Franc before they can even print enough to hyperinflate.  And when the people are made to pay attention to the scams, the scams are short lived indeed.

This is going to be very, very interesting to watch.