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CAMPAIGN FOR MONETARY REFORM – NEWS FROM SWITZERLAND

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No to usury, a step ahead...

CAMPAIGN FOR MONETARY REFORM – NEWS FROM SWITZERLAND



THE BACKGROUND TO THE NATIONAL REFERENDUM ON SOVEREIGN MONEY IN SWITZERLAND

Contents
Summary - 3
Foreword by Hansruedi Weber - 4
The Swiss Sovereign Money Initiative in one diagram - 5
Swiss Direct Democracy - 6
The Sovereign Money Initiative text - 7
Technical details of the Swiss Sovereign Money Initiative - 8
Bibliography - 11
Appendix: The initiative text with explanatory notes - 12

THE SWISS REFERENDUM ON SOVEREIGN MONEY

In this episode we talk with Emma Dawnay who represents the Swiss Vollgeld initiative. Just like Positive Money in the UK and Ons Geld in The Netherlands, the Swiss organisation wants to give the exclusive right to print money to the Swiss State. For this purpose over 100,000 signatories have been collected so it will now be put to a referendum.

THE SWISS SOVEREIGN MONEY INITIATIVE: FIVE QUESTIONS WITH ANSWERS

THE SWISS SOVEREIGN MONEY INITIATIVE: ANSWERS TO CRITISISMS

YES TO THE SWISS SOVEREIGN MONEY INITIATIVE: CAMPAIGN MESSAGES

INTERVIEW WITH MARTIN WOLF ABOUT SOVEREIGN MONEY

Martin Wolf is chief economics commentator at the Financial Times

SUPPORTING STATEMENT OF ADAIR LORD TURNER

Meeting at the Dolder Grand, Zürich, October 3rd 2016

JOSEPH HUBER - FUNCTIONS AND DYSFUNCTIONS OF THE BANKMONEY REGIME

INTERVIEW WITH DR. EMMA DAWNAY ON THE SWISS REFERENDUM ON MONETARY REFORM

from the COBDEN CENTRE, 01/02/2016

17/08/2016: BANKER WHO’D REVOLUTIONIZE MONEY SAYS IT CAN BE DONE FROM WITHIN

from Bloomberg

29/04/2016: STATEMENT ABOUT SOUVEREIGN MONEY PRESENTED AT THE GENERAL MEETING OF SHAREHOLDERS OF THE SWISS NATIONAL BANK

from Dr. Reinhold Harringer, Vollgeld-Initiative

03/03/2016: VOLLGELD: WHAT IT MEANS FOR FRACTIONAL RESERVE BANKING IN SWITZERLAND

from Enterprising Investor

27/02/16: SHAKE YOUR MONEY MAKERS – RESHAPING BANKING

from The Economist

23/02/2016: HELICOPTER DROPS MIGHT NOT BE FAR AWAY

from Martin Wolf, Financial Times

05/01/2016: THE INTERNATIONAL BANKING SYSTEM FACES AN
EXISTENTIAL THREAT

from Geopolitical Weekly

03/01/2016: SWISS SOVEREIGN MONEY INITITIVE NEWSLETTER: A CHRISTMAS PRESENT!

from Vollgeld-Initiative

30/12/2015: SWITZERLAND FOLLOWS ICELAND IN DECLARING WAR AGAINST THE BANKSTERS

from Waking Times

29/12/2015: SWITZERLAND TO VOTE ON BANNING BANKS FROM CREATING MONEY

from Independent

27/12/2015: SWITZERLAND: POISED FOR A REVOLUTION?

from Sam Gerrans (Russia Today)

25/12/2015: SWITZERLAND TO VOTE ON BANNING BANKS FROM CREATING MONEY

from The Telegraph

21/12/2015: THE SWISS BANKERS ASSOCIATION WANTS TO KEEP THEIR MONEY-CREATING PRIVILEGES

from PositiveMoney

18/12/2015: NEWSLETTER ABOUT THE SWISS SOVEREIGN MONEY INITIATIVE

from Vollgeld-Initiative

6/12/2015: THE SWISS REFERENDUM ON SOVEREIGN MONEY

from The Express Tribune

04/12/2015: A LICENCE TO PRINT E-MONEY FOR PRIVATE BANKS

from Financial Times

1/12/2015: PRESS-RELEASE

from Vollgeld-Initiative

05/11/2015: SWISS CITIZENS’ INITIATIVE COLLECTS 105,000 SIGNATURES, TRIGGERS REFERENDUM ON MONEY CREATION

from PositiveMoney

20/09/2015: SURVEY CONFIRMS: PEOPLE HAVE NO IDEA HOW MONEY IS CREATED

from PositiveMoney

04/02/2015: NEWS FROM SWITZERLAND

from PositiveMoney

30/06/2014: THE SOVEREIGN MONEY INITIATIVE IN SWITZERLAND

from World Economics Association

03/06/2014: LAUNCH OF THE SOVEREIGN MONEY INITIATIVE IN SWITZERLAND

from PositiveMoney


29/05/2014: EXCITING NEWS FROM SWITZERLAND: AN INITIATIVE FOR A REFERENDUM ON MONETARY REFORM IS STARTING!

from PositiveMoney
Switzerland is politically unique in this regard as the Swiss Constitution provides a political instrument known as the Volksinitiative (Peoples’ Initiative) which enables Swiss citizens to launch an initiative aimed at changing specific provisions within the Swiss Constitution. To do so requires first of all the collection within an 18 month period of 100’000 valid signatures in support of the initiative. Should this hurdle be surmounted, the initiative would then be put to a national vote.
In a nut shell, the proposal extends the Swiss Federation’s existing exclusive right to create coins and notes, to also include deposits.With the full power of new money creation exclusively in the hands of the Swiss National Bank, the commercial banks would no longer have the power to create money through lending. The Swiss National Bank’s primary role becomes the management of the money supply relative to the productive economy, while the decision concerning how new money is introduced debt free into the economy would reside with the government. As is evident from the foregoing, the MoMo monetary reform initiative is essentially based on the monetary reform advocated by PositiveMoney.
For those interested in following the developments of the campaign, or who would like to understand the detailed provisions, including those relating to the transition period,  please refer to the campaign website. The website is in German, French, and Italian, so language might present a limitation for many of you. Nevertheless, we do encourage you to visit the website and if you have specific questions, to leave a message in English. Someone from the team who speaks English will get back to you. The biggest challenge for the team at this stage of the campaign is to find the needed help and financing for signature collection. The minimum amount of funding required for a successful campaign is estimated to be 400’000 CHF or just over 270’000 GBP. Although, this is a non-UK initaitive, should the MoMo team succeed in putting such a fundamental reform proposal to a national vote, this would be a momentous achievement for the monetary reform movement in Europe and across the globe.  All eyes would be fixed on Switzerland, because success for this small but significant player in the financial arena would inevitably have a ripple effect in other countries.

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