Are the Swiss Going to Revoke The Privileges of Private Banking? (Swiss Referendum Pt 1/3)

[@arkinyte13]

Holyshit we need a referendum like this in the US.

[@Larkinchance]

You had better get busy because the private banks are planing legislation to eliminate cash altogether. We would have no choice but to use debit cards and the banks would earn money on both sides of every transaction on the fucking planet..These banks are parasites..

[@fkujakedmyname]

has to be global rothschild owns the fed and if one country does it he just pays the others to bomb you

[@Unprotected1232]

It seems like you need some clarification on this subject matter. Why does everyone lose their minds when banking is explained to anyone. Stop it with the Jewish bankers. Jews don't have a monopoly right to issue promissary notes. Anybody can create money. Just look at all the crypto currencies out there. The key difference is that some tokens and liabilities are more widely accepted than others. Mostly the same thing applies to the US, even with reserve requirements. The key difference is that the Fed uses reserve requirements to make it easier to target the federal funds rate. The bank of England, Sweden and Norway don't use reserve requirements longer. (there are a few other countries that don't use reserve requirements.) Personally I think Sweden is the easiest central bank to understand. No reserve requirements to confuse the understanding of interest rates nor does the Swedish treasury hold an account at the central bank. "Reserve requirements create a stable demand for reserves. The Federal Reserve then adjusts the supply of reserves through open market operations to keep the level of the federal funds rate close to the target rate established by the Federal Open Market Committee (FOMC)" - The Federal Reserve System Purposes & Functions 2016, page 41. The treasury's account at the central bank is an autonomous factor on the central bank's balance sheet. Transfers to and from this account will affect reserve balances in the banking system. Articles to read: www.norges-bank.no/en/Published/Publications/norways-financial-system/2017/ www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy www.norges-bank.no/en/Published/Papers/Economic-commentaries/2013/Economic-commentaries-92013/ Another recommendation is Marcia Stigum - Stigum's Money Market. It's a bit long but definitely worth it. It's more relevant to the US.

[@rafaelpena4269]

Blaze It Ken..The Rothschild's DO OWN "The State of Israel" & "The Ghoulan Height's"..anyway..this guy is from Switzerland..weren't they holdin' tax haven's 4 businesses that wanted 2 avoid taxation in their "local communities"? swiss bank account's?😒

[@rafaelpena4269]

mister.T Jr..I don't think the Arab's charge interest..An arab told me it was against "The Qur'an"..that's why they offed Ghaddafi..China invented paper money..however..they're givin' loan's instead of grant's so..I don't know how that work's..

[@77bryanr]

US Fed should be audited

[@mrshebesta2973]

Mulder316 the federal reserve is not a federally owned bank, it is a privately held institution and should be held to all regulations and oversight every other private banking institution is held to. The USA is loaned money from the federal reserve with interest. This is a big part of the nations debt. Interest we owe to a privately held back that lends us our currency yet it has little to no oversight. What a ridiculous system!

[@rafaelpena4269]

Budgie broderick..Sir Jacob Rothschild

[@guylemay1471]

Let me answer that question like this: Throw them all in JAIL!

[@aleaiactaest8354]

Great segment! Look forward to the next part.

[@MeCrazy516]

banks should never have been able to create money to begin with....we made bankers the most powerful people in the world

[@Kenzofeis]

I see it as misleading to call it money what is really units of "I Owe You".

[@natel9019]

Kenzofeis Exactly money is debt.

[@Kenzofeis]

Nate L Cap, capita, means head. Where capital was what was owned per head, it has been turned to heads owned, and through that owning what every head has... It is now like a big casino, and people are the chips.

[@natel9019]

I see it as a tax farm and we are the animals that earn the taxes for them.

[@Kenzofeis]

Nate L Taxes are to rake back currency, and to keep people in need for more

[@natel9019]

Kenzofeis To me taxes equal slavery ,when you do not receive back the benefits as a society.

[@olaoppidalen2993]

Banks can still make loans. What's important is to take away their power to create money and also to create money debt free. It's quite simple. The central bank, who should be 100% under democratic control by the people, creates money and deposits into commercial Banks. Then they lend out these deposits at higher interest rate and collect the difference. Yes this would mean a potential money multiplier of 2x but that's okay. In addition governments should spend some created money directly into the economy. How much deposits/loans the banks gets from the central bank, how much is used to pay for infrastructure and gov wages and interest rates then become levers to make the economy stable, productive and work for everyone.

[@romanbrandle319]

Now that will put some holes in their cheese , lots of holes not much cheese . Banks should be allowed to make as much money as they want , they just shouldn't have the right to take some-ones house or car when they can't pay it back . Take the risk cop the loss , in that way they would soon learn sound monetary policy .

[@Unprotected1232]

Anybody can issue tokens and liabilities. It's just a matter of how to get them widely accepted. I'm curious as to how this will work.

[@dadsonworldwide3238]

The bank is every bit as important as press for democracy. You cant allow politions to have blank checks or total control

[@Larkinchance]

That is the bullshit they tell us.. currently, all the politicians are owned by the banks because the banks make the money..

[@schumanhuman]

I agree, positive money proposal is just the gold standard without the gold, and that never worked either. The problem is not private money creation per se, but what banks can lend to. As mentioned in the video, 2001-7 the exponential lending was to real estate, in fact most bank lending is to real estate. Lands supply is finite and housing market is bottlenecked, so as new supply cannot rise to meet demand, the more banks lend to land the more we have to bid up the price. Better lending standards can help, but a higher tax on land, and other economic rents would reduce this effect proportionally to the tax and mean banks would be forced to look for value from productive lending. A Chicago plan does nothing to change the ratio of return between productive and unproductive activities, so like the gold standard it will either result in longer more frequent recessions/depressions, or be so undermined by alternate lending and REIT's as to be impotent.

[@rafaelpena4269]

Jamie Holladay..What the hell are you talkin' about & who do you work 4? I'd like 2 have your salary

[@rafaelpena4269]

schumanhuman..Yes..only TAXATION should be used 4 infrastructure project's..free healthcare & free universal education..if the govt. can't pay 4 these expidentures..

[@green2stayecoswdmarketingn339]

'Yes"

[@dadsonworldwide3238]

The bank is Key to the inflation and stick market one fails without the other.

[@rafaelpena4269]

Why the hell do we need a gamblin' machine like the stock market? what is it's purpose?? that's the part about makin' $ out-of-thin air concept..it hurt's small businesses & even capitalizes on their destruction..that's evil!

[@rafaelpena4269]

Stock broker's bet on war's, death, private prison's..carnage..if you don't see them as "part of the problem"..I don't know what's wrong w/ you! They don't do NO WORK! It's welfare 4 "the wealthy"..

[@rafaelpena4269]

If the govt. can't pay 4 infrastructure project's..OUR taxes can go to that..free healthcare..& free universal education..We don't need Wall Street..central bank's & interest rates..that's why we're in the mess that we're in!

[@artashes]

does this work?

[@cyndilustone357]

credit unions and small businesses

[@qinby1182]

: *NOT ALL COUNTRIES ARE LIKE THE US* not all central banks are privately owned, the Swedish Central bank (The worlds oldest 1668) is owned by the government and I would guess most central banks are (although I am not sure) I would think the US setup is an anomaly.

[@rafaelpena4269]

WE'VE BEEN ROBBED!

[@tomh9326]

None of this schiess is "money". It's currency to keep us all indentured. Anyone watching this knows only gold and silver are money.