Switzerland Follows Iceland in Declaring War Against the BankstersBy Isaac Davis Iceland has gained the admiration of populists in recent years by doing that which no other nation in the world seems to be willing or capable of doing: prosecuting criminal bankers for engineering financial collapse for profit. Their effective revolt against thebanking class, who drove the tiny nation into economic crisis in 2008, is the brightestexample yet that the world does not have to be indebted in perpetuity to an austere and criminal wealthy elite.In 2015, 26 Icelandic bankers were sentenced to prison and the government ordered a bank sale to benefit the citizenry. Inspired by Icelands progress, activists in Switzerland are now making an important stand against the banking cartels and have successfully petitioned to bring an initiative to public referendum that would attack the private banks where it matters most: their power to lend money they dont actually have, and to create money out of thin air. Switzerland will hold a referendum to decide whether to ban commercial banks from creating money. The Swiss federal government confirmed on Thursday that it would hold a plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system. The campaign led by the Swiss Sovereign Money movement and known as the Vollgeld initiative is designed to limit financial speculation by requiring private banks to hold 100pc reserves against their deposits. [The Telegraph] Switzerland is in a key position to play a revolutionary role in changing how global banking functions. In addition to being the worlds safest harbor for storing wealth, it is also home to the Bank for International Settlements(BIS),a shadowy private company owned by many of the worlds central banks, and acting as a lender to the central banks. The BIS is the very heart of global reserve banking, the policy that enables banks to lend money that does not actually exist in their bank deposits, but is instead literally created electronically from nothing whenever a bank extends a line of credit. Reserve banking is thepolicy that guarantees insurmountable debt as the outcome of all financial transactions. The Sovereign Money initiative in Switzerland aimsto curb financial speculation, which is the intended and inevitable result of reserve banking, the tool that makes financial adventurism possible by supplying the banks with endless quantities of fiat money. Limiting a banks ability to produce money from nothing would be a direct blow to the roots of the banking cartel, and would cripple their ability to manipulate the world economy. Heres how it works, in rather simplified terms: if we had access to the same computer terminals the banks have, we could magic in or out of existence all the imaginary stuff we are trained to think of as important money in whatever quantities we liked. This is how it works: when they print quite a lot of this stuff there is a boom. When they print too much of it, there is inflation (actually, the printing of money is inflation). When they stop printing it or simply hold on to it, there is a depression. [Source] In Switzerland, 90% of all money in circulation is electronic, and for this, The National Bank of Switzerland has become the direct target of the Sovereign Money Campaign. Swiss law has in the past required required banks to back all currency creation with collateral assets like physical silver or gold, however in recent decades the climate has changed, and, due to the emergence of electronic payment transactions, banks have regained the opportunity to create their own money. The grassroots campaignsaid in a public statementregarding the intentions of the referendum, banks wont be able to create money for themselves any more, theyll only be able to lend money that they have from savers or other banks. This is an interesting twist in the human saga of man vs. banks, and while it remains to be seen if the referendum passes or not, it must be pointed out that it does have its own problems, articulated bySam Gerrans: it does say that the central bank should be given sole right to create money. This would essentially leave the creation of money in the same hands as those who control the Federal Reserve or the Bank of England rather than allow them to farm out the process. But at least it shows that people are beginning to wake up to where the true power lies. In the unlikely event that this grass-roots movement in Switzerland should get its way and its proposed legislation be enacted, and then begin to morph into something which really does threaten the banking elite, we must not be surprised if Switzerland is shortly discovered to be harboring weapons of mass destruction, or to have masterminded 9/11, or to be financing Islamic State. Part of the cultural conditioning of our time is an ingrained, presumed dependency on sacred cow institutions like banking. Just like it is impossible for most Americans to envision a world without Democrats and Republicans, it is difficult for most people to imagine a world without predatory global banking. Yet, there are a number of other possibilities for trading, storing wealth, and facilitating development in the world. This is not the only economic system we can imagine, and as Iceland has proven, people can regain control of their collective wealth, so perhaps this revolution will foment further in Switzerland, presenting a chance to at least bring greater awareness to the truth about central banking. Image Credit Isaac Davis is an outspoken advocate of liberty and an honest society from the top down. He is a contributing writer for WakingTimes.com. Follow him on Facebook, here. Looks like some activists will be falling off buildings soon. Dont expect something like this to ever happen here in the U.S. Because the bankers own the government. You dont think Swiss bankers own the govt in Switzerland? They have for eons, check it out, its well-known. Banksters need to go KUDOS to Switzerland. a much more humane system no USURY. Yes, thats the problem, usury, not fiat money. The banks dont create money, they create IOUs of money, They do so whenever they make a loan. Digital money is an IOU of real money, notes and coins, which is fiat money. When a bank makes a loan, it doesnt lend real money, it adds the amount of the loan to the borrowers account. This means that the bank owes the borrower that amount in real money (in fact, the borrowers account is part of the creditors side of the banks general ledger). At the same time the bank creates another account in the name of the borrower with the same amount in it but with a minus sign in from of it. This means that the borrower owes the money back (this account is on the debtors side of the ledger). And the world trades with these positive accounts, these IOUs from banks to borrowers, i.e., digital money. Now, because this money wasnt issued by Congress, it is in fact counterfeit money. And because no real money is actually lent to borrowers, the bank doesnt risk any of its own real money. But the bank pretends it HAS lent its own money, or their depositors real money (notes and coins), and charges interest as though it had. This is true usury, not only because of the huge amount of interest charged (up to double the principal in a typical housing loan), but because the bank hasnt risked any of its own or of its depositors money. Clever trick, huh, these two IOUs and the lie that digital money is real money and the bank runs a risk of losing any real money because the borrower may not pay the loan back and that therefore it is entitled to charge exorbitant interest. . and if you default on the mortgage, no matter how long youve been paying the non-existent money back for, they get to take your home and sell it at another profit. what a cracking con game banking really is, and still nobody really knows. Agreed. However I think you meant pier not pear which is a fruit. What is wrong about a pair of pears that have no pier; the fruits of missed keystrokes that have been pared off from achieving parity in this miserable world of piering perhaps too myopically into the world of spelling? not pear pier. I thought the Swiss WERE the bankers. The Swiss federal government confirmed on Thursday that it would hold a plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system. Thats not reform. What nation, determined to live within its means, i.e., balance the budget, has need for anything other than a functioning Treasury Department, such as existed in the U.S. until WWI? Switzerland, which wisely maintained neutrality in WWI and WWII, but trained each citizen with military skills to ensure that it could, unlike Belgium, enforce its neutrality, had no need to become involved in the very wars that were historically the basis for central banking in the first place, is the last place that need a parasitic central bank at all. I like what Switzerland and Iceland are doing. America needs to audit the Federal Reserve then shut it down. Its obvious the Fed, the Executive, and Congressional branches spending are responsible for Americas massive deficit and bankrupt economy. LOL, the evil residence is there do think they are to let this go thru, maybe for show. But not for real, it will be just buried in hidden legislation and go on as usual. Why do think they were neutral in so many wars, to protect the banksters. I cannot see the advantage of stopping the smaller criminals but letting off the biggest criminals. If central banks are not stopped from lending money they dont have, it is hardly useful. Only an elected government should be allowed to create money and even then not as much as to reduce the purchasing power of the currency. ITs still a privately owned central bank who board consists of owners of the big corporate banks, it will make no difference at all. Dont forget the Swiss Gold Referendum and how that turned out. There is one way that I believe we could get rid of the Central Bankers their reserve banking system without complete chaos setting in! Off course we would also need to build the president an underground bunker to reside in so that he doesnt meet the same fate as JFK! over 100 years ago the great thinker,John Dalberg-Acton,Lord Acton. was quoted as saying This must be a joke. Switzerlands banking system is the center of banking deceit. Thats where many of the banking elitists live lol. Did they not, over time, lobby to have the regulations relaxed and eventually done away with? The world needs to do away with these gangsters, who know fine well all political types can be bought. 