www.zerohedge.com/news/2015-12-24/switzerland-vote-ending-fractional-reserve-banking in what is shaping up to be another historic referendum on the treatment of money, earlier today the Swiss Federal Government confirmed that it had received enough signatures and would hold a referendum as part of the so-called "Vollgeld", or Full Money Initiative, also known as the Campaign for Monetary Reform, which seeks to ban commercial banks from creating money, and which calls for the central bank to be given sole power to create the money in the financial system. In other words, an initiative to ban fractional reserve banking, and revert to a 100% reserve. As Finanzen.ch reports, after 111,763 signatures urging a referendum were submitted, of which 110,955 valid, the Federal Chancellery announced on Thursday that the popular vote would take place. Under Switzerland's direct democracy, a referendum can be held if a motion gains 100,000 signatures within 18 months of launching. "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," said the campaign group.
This is a potentially huge reform. Could you imagine what this would mean if the motion caught on world wide? The Swiss look to me like the only population which seems to be getting a clue as to what's going on and what might be done to help protect themselves from the worst of it.
Could never happen. There would be no money as it's loaned into existence. Who would have the power to create it? How much would be created etc. None of the current money is "positive money", it's all debt based.
They just want to remove the fractional reserve magic trick from commercial bank. Money would still be created fiat style from the central bank.
