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Well, the results appear to be in and not one Canton had a majority 'yes' vote.
The german language result site is at http://www.admin.ch/ch/d/pore/va/20141130/det589.html.
The 'nein's have it.
S
Hi cockerel1
I added my name to the 'Canadian Direct Marketing' 'do not contact' service ( http://www.the-cma.org/consumers/do-not-contact ) about 13 years ago.
Now, If I recieve 10 pieces of mail a month, it seems like a lot.
S
Hi Cockerel1
"IMHO banks should never be allowed into the markets, but if the money in the bank legally belongs to them, they have as much right to partake as you or I."
It appears there is some misunderstanding of where that money comes from.
As you are Canadian , I will quote from a Canadian perspective...
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Some of the most frank evidence on banking practices was given by Graham F. Towers, Governor of the Central Bank of Canada (from 1934 to 1955), before the Canadian Government's Committee on Banking and Commerce, in 1939. Its proceedings cover 850 pages. (Standing Committee on Banking and Commerce, Minutes of Proceedings and Evidence Respecting the Bank of Canada, Ottawa, J.O. Patenaude, I.S.O., Printer to the King's Most Excellent Majesty, 1939.) Most of the evidence quoted was the result of interrogation by Mr. “Gerry” McGeer, K.C., a former mayor of Vancouver, who clearly understood the essentials of central banking. Here are a few excerpts:
Q. But there is no question about it that banks create the medium of exchange?
Mr. Towers: That is right. That is what they are for... That is the Banking business, just in the same way that a steel plant makes steel. (p. 287)
The manufacturing process consists of making a pen-and-ink or typewriter entry on a card in a book. That is all. (pp. 76 and 238)
Each and every time a bank makes a loan (or purchases securities), new bank credit is created — new deposits — brand new money. (pp. 113 and 238)
Broadly speaking, all new money comes out of a Bank in the form of loans.
As loans are debts, then under the present system all money is debt. (p. 459)
Q. When $1,000,000 worth of bonds is presented (by the government) to the bank, a million dollars of new money or the equivalent is created?
Mr. Towers: Yes.
Q. Is it a fact that a million dollars of new money is created?
Mr. Towers: That is right.
Q. Now, the same thing holds true when the municipality or the province goes to the bank?
Mr. Towers: Or an individual borrower.
Q. Or when a private person goes to a bank?
Mr. Towers: Yes.
Q. When I borrow $100 from the bank as a private citizen, the bank makes a bookkeeping entry, and there is a $100 increase in the deposits of that bank, in the total deposits of that bank?
Mr. Towers: Yes. (p. 238)
Q. Mr. Towers, when you allow the merchant banking system to issue bank deposits which, with the practice of using the cheques as we have it in vogue today, constitutes the medium of exchange upon which I think 95 per cent of our public and private business is transacted, you virtually allow the banks to issue an effective substitute for money, do you not?
Mr. Towers: The bank deposits are actual money in that sense, yes.
Q. In that sense they are actual money, but, as a matter of fact, they are not actual money but credit, bookkeeping accounts, which are used as a substitute for money?
Mr. Towers: Yes.
Q. Then we authorize the banks to issue a substitute for money?
Mr. Towers: Yes, I think that is a very fair statement of banking. (p. 285)
Q. 12 per cent of the money in use in Canada is issued by the Government through the Mint and the Bank of Canada, and 88 per cent is issued by the merchant banks of Canada on the reserves issued by the Bank of Canada?
Mr. Towers: Yes.
Q. But if the issue of currency and money is a high prerogative of government, then that high prerogative has been transferred to the extent of 88 per cent from the Government to the merchant banking system?
Mr. Towers: Yes. (p. 286)
Q. Will you tell me why a government with power to create money, should give that power away to a private monopoly, and then borrow that which parliament can create itself, back at interest, to the point of national bankruptcy?
Mr. Towers: If parliament wants to change the form of operating the banking system, then certainly that is within the power of parliament. (p. 394)
Q. So far as war is concerned, to defend the integrity of the nation, there will be no difficulty in raising the means of financing, whatever those requirements may be?
Mr. Towers: The limit of the possibilities depends on men and materials.
Q. And where you have an abundance of men and materials, you have no difficulty, under our present banking system, in putting forth the medium of exchange that is necessary to put the men and materials to work in defence of the realm?
Mr. Towers: That is right. (p. 649)
Q. Would you admit that anything physically possible and desirable, can be made financially possible?
Mr. Towers: Certainly. (p. 771)
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Please note the quote above..."Each and every time a bank makes a loan (or purchases securities), new bank credit is created — new deposits — brand new money." The banks create credit at will. As such, the 'money' is theirs, They create it at will with the clickety clack of a keyboard...a license to counterfeit in essentially unrestricted amounts.
If anyone would like to study a little more, may I suggest an ebook (epub) copy of G.G. McGeer's book "Conquest of Poverty". It can be downloaded at http://goo.gl/ZSRV3 .
If an ereader is required, FBReader is a good one for all platforms (http://fbreader.org/).
http://finance.yahoo.com/news/iiroc-trading-resumption-bgm-143800118.html
VANCOUVER , Aug. 12, 2013 /CNW/ - Trading resumes in:
Company: Barkerville Gold Mines Ltd.
TSX-Venture Symbol: BGM
Resumption: 11:00 AM ET
The short answer is that the U.S. currency was backed by gold at the time, and the government wanted to be able to cover any settlement with creditors in the money of the time. This has not been the case since Nixon's 1971 decision to remove the U.S. from the gold standard.
Sinclair has touched on this...
http://www.jsmineset.com/2012/10/30/gold-confiscation-rumor-control/
as has Peter Schiff...
http://www.europacmetals.com/Portals/0/newsletters/december2010.html
I tend to believe that the people who hold gold now are not quite so trusting or compliant as perhaps they were back then.
After Cyprus, I would be more cconcerned about confiscation of my money.
S