by Pater Tenebrarum
The Swiss “Vollgeld” Initiative Revisited
Bloomberg has numerous offices around the world, many of which appear to have quite an independent streak, at least that is our impression. Readers who occasionally watch clips from Bloomberg’s Asia Edition are probably aware of this. One can often see in-depth interviews there with people who espouse views far from the mainstream and who are highly critical of governments and central banking, such as e.g. Dr. Marc Faber or Jim Rogers, to name two prominent ones.
[…] Logo of the Swiss “Vollgeld Initiative” – the text reads: “for crisis-proof money: money creation solely through the central bank!”. The supporters of the initiative naively believe that the “profits” such a system would allegedly produce would be to “the sole benefit of citizens”. This naïve statolatry is as amusing as it is pitiable.