The SVP Gold Initiative

Launched in September of 2011, it has finally reached the requisite number of signatures.

The "Gold Initiative" in Switzerland was started by the Swiss People's Party (SVP). Research I've done describes this as a "right wing" political group. This seems a bit strange as most groups called "people's" party are invariably socialist or, at a minimum, left-leaning. Additionally, some reports indicate that the SVP is the largest party in the Swiss National Council. Perhaps there are some Swiss Turdites out there who could shed some light on all of this.

Regardless of the politics, the entire episode is interesting. The movement began in September 2011, about two weeks after the Swiss National Bank took the unprecedented step of pegging the Franc to the Euro. (Astute readers will recall that this SNB action also began the protracted price correction that continues to this day.) Below is the English language version of the original initiative.

Goldinitiative English by Turd Ferguson

What has followed is nearly 18 months of grass roots campaigning that has finally netted the 100,000 signatures necessary to force a national referendum. Of course, some media have already spun this as a quixotic attempt that will ultimately fail to gain the necessary votes to pass. http://news.yahoo.com/swiss-wing-forces-referendum-banning-snb-gold-sales-174344976--business.html

Others don't seem so sure, like this article from centralbanking.com (Did you even know there was such a place? And who reads this site? The Bernank and his Goons?) http://www.centralbanking.com/central-banking/news/2256709/swiss-national-bank-faces-referendum-over-gold-sales

Regardless of the coverage, this still rates as a very interesting development. Given the situation in Cyprus and the attendant and pending failures of confidence throughout the Continent, perhaps this initiative will find more popular support than the pundits predict. And what if it passes? Then what?? Needless to say, this is something we are definitely going to keep close tabs on going forward.

TF


 

80 Comments

Dagney Taggart's picture

Last Chance

Buy

It

ALL

Now.

e-nergy's picture

@huh?: Switzerland has 4 official natioanl languages ...

... German, French, Italian and Romansh (Romansh is Switzerland's least-used national language in terms of number of speakers, 0.9% of Switzerland's inhabitants, and the tenth most spoken language in Switzerland overall).

It is quite common that people who grew up in e.g. the French speaking part of the country migrate to find work in the German  speaking part, and vice versa. Similarly, it is not uncommon that a native French speaking journalist will appear on a television or radio program that is broadcasting in German and will do his/her best to speak that station's primary language.

e-nergy's picture

@SVP: Well explained

As a Swiss national and having grown up in the German speaking part of the country I can totally endorse your view!

SilverSurfers's picture

@Arag

Having been duly sworn under oath, under the laws of the almighty, I hereby promise before Turd and God (no they are not the same entity), that I will not accept one penny from government, (having to much self respect), and I will bring a bullion hoard with me, to strengthen the wealth and economy of my new found country, for an immigration pass to switzerland. CAN YOU MAKE IT HAPPEN?

getting my skiies tuned up as I write .... :)

Karankawa's picture

Thanks for the "On The Scene" reports, Fuconomics and Arag!

I believe that communication peer to peer, across borders is one of the most powerful tools people have to expose the globalists!

Welcome to Turdville, how did you come across this fair burg if I might ask?

Arag's picture

@ SilverSurfer

Migrate to Switzerland ? It should not be too difficult for a well off US citizen... but will they let you take your gold through the customs ? I doubt it. You should have to sell your hoard and buy some metal through BullionVault, then take delivery in Zurich...

By the way, I left the country to settle in Brazil, seven years ago. I feel more secure here :)  I think that Europe is being deliberately broken down, it is not going to be pretty. With the franc pegged to the euro, the Swiss are doomed - there is no exit from this policy. On the other hand, Switzerland is a bastion of the EE, and there is hope that it will be protected from the global chaos - at least it will not be worse than in the US.

@ Karankawa: I have followed Turd from near the beginning (the old blog). Had already posted once or twice, maybe a year ago... Great community here, great spirit, first rate information - the place to be ! Thanks a lot Turd and the team, heralds of the True American Values !

Cononish1314's picture

Mountain crisis

With the franc pegged to the euro, the Swiss are doomed - there is no exit from this policy.

But how can they be if there's a gun in every house? wink ... Shift+R improves the quality of this image. Shift+A improves the quality of all images on this page.

Fred Smith's picture

Cyprus

@arag

I agree that Europe is being "deliberately broken down".

The whole Cyprus thing looks as though it has been deliberately constructed. Lets have a "limited bank run" - see how it works, lets have credit controls" - see how they work, "if it gets too chaotic too quickly - then we can slow things up a little ?" If we recapitalize at 300 euros per day then not too many die in the early phase of the Cypriot Depression, etc 

Meanwhile Mme LaGarde is back in Paris - hopefully with her court case to contemplate for her money-laundering, etc.  That may slow down their attack on Italy or Spain for a few weeks ?

zeroexperience's picture

I moved a few years ago to

I moved a few years ago to Switzerland, it was always something I wanted to do, see how living here is. I have a major advantage, I am French but grew up bilingual with German, which is quite a competitive advantage here, although Swiss german is not always easy to understand ;)

I believe in the Swiss people: when it's really important, they tend to take the right decisions (in my opinion) at a referendum (not being part of EU, expelling criminal foreigners e.g.), what the government does is, well, not necessarily what the people want, but here at least they have a way to correct it. As the government took way too much time to implement the people's decision and writing a law to expell the criminals, we, sorry, the Swiss will hold a second referendum which will explicitly describe under which conditions the criminals will be expelled. The important point here is: it will NOT be a court decision, but full auto ;) (if it's accepted by the people).

Schengen brought many restrictions for Swiss people, notably in the arms legislation which had to be made 'conform' to Schengen, but there is potentially an initiative to ask whether Swiss want to stay in Schengen. Not all swiss have arms, but a majority has, and they know how to use them.

There are no media, except for Weltwoche, that actually express the views of the majority, they are all on the left side of the political spectrum, and they are slowly crumbling financially...

Net, I think Switzerland remains a long term viable 'option' in Europe, it is in existence for centuries, and has not even been overrun by ze evil germans...

I don't think it would be a problem for a US citizen to move here, with money that is ;) There should not be a problem bringing gold across a Swiss customs, what the US customs would do, should be checked in advance.

Arag's picture

@ zeroexperience

I agree with you, Switzerland at grassroot level is OK.

But when UBS and Credit Suisse are going to the sewer, life in this country is going to be a completely different story (when I said that to a retired Swiss banker here in Brazil, he just smiled and said, "I don't think so..." :)

People are so accustomed that things today are the same as yesterday that such an event is seen as unthinkable. But the world has entered a period of unthinkable events... JS just said "beware of the too big to fail" !

mrneutron's picture

What's the deal here? Silver stops trading after the bump?

mrneutron's picture

and why is it ass backwards at goldprice.org

mrneutron's picture

Oh that explaines it

Metals Dealers Shut Down Sales As Silver Globex Market Price Feeds Fluctuating By Over $1

Silver gapped up vertically on tonight’s Globex open, as the entire day’s paper raid was erased in the opening tick in Asia…
Meanwhile according to other live metals feeds, silver has gapped-down to $27.88

*Update: All h*ll appears to have broken loose in the electronic paper metals market tonight, as numerous live metals feeds are fluctuating in price by more than $1 in silver, and several metals dealers are reportedly refusing to make any sales as they have no idea what the current price of silver is

http://www.silverdoctors.com/gold-silver-flash-smash-on-globex-open-erase-all-of-comex-losses/#more-24104

Hagarth's picture

Neighbors helping Neighbors...a lesson in giving

Tucson Man Giving Away Shotguns to People Living in Violent Neighborhoods

Free shotguns for people living in some of the shadier parts of Tucson is likely to be a reality if once Mayoral hopeful Shaun McClusky gets his way. He’s got a lot of help, chiefly, the Armed Citizens Project.

“Saying guns are responsible for killing people is like saying spoons are responsible for making people fat,” McClusky said.

McClusky is doing not just to help arm his fellow residents but to also test the theory that more guns equal less crime. He and others have started a gun charity and have raised over $12,000 in the projects first few days. If everything goes to plan, he’ll be able to arm Tucson residents in just two months.

“We need to take back our city, and it needs to come back to the citizens and not the criminals,” McClusky said to the Arizona Daily Star. “Right now, the criminal element is winning.”

McClusky plans to set up residents who pass background checks from three Tucson neighborhoods with a break-action single-shot shotgun, a box of shells and training. The hardware runs about $200, and with the gun lessons he expects to need $350 to $400 per resident.

The project will not directly equip people who participate, instead, they will be given the money to buy the guns themselves.

This is the second city to participate in the Armed Citizens Project following Houston, with plans for similar projects in the works for Dallas, Indianapolis, Chicago, Detroit and New York.

“We’re not just tossing a bunch of shotguns into a community and walking away,” said Coplen. “What we’re doing is finding residents who are interested in protecting themselves.  We’re not forcing guns on anyone.”

Controversial then as it is now, several prominent Tucson residents have voiced their opposition to the plan.

“To suggest that giving away … loaded shotguns in high-crime areas will make anybody safer is pure idiocy,” said Tucson councilman Steve Kozachik. “This is coming from a purported leader in the local Republican Party, the same group who last year auctioned off a Glock and a rifle as fundraisers. Now they’re giving them away in our community? They’re totally out of touch with the values of this city.”

He also questioned the effectiveness of the NICS system. ”Saying that they’ll do background checks ignores the well-known fact that the NICS records are so poorly maintained that they might as well join the gun sellers who don’t do any background checks at gun shows.”

till, while the break-action shotgun has Vice President Joe Biden’s approval, we have to wonder if a single-shot 12-gauge is the best gun in the violence prevention toolkit. Survival kit, different story.

For $200 there aren’t a lot of options for solid self-defense guns, but we hope that participants get to make the choice of what gun they decide to get, even if it’s a Hi-Point or beat-up service revolver. A Mosin probably isn’t out of the question, and it doubles as a really great club, but still not as good as a used pump shotgun.

But one shot is better then no shots, and you can always trade it in for something more appropriate. Who knows, maybe they’re getting Baikal MP18s, those have ejectors and can be reloaded quickly.

If you like what they do, head over to the Armed Citizens Project and donate. They’re currently raffling off a Remington 1100; $25 a ticket.

http://www.guns.com/2013/03/28/tucson-man-giving-away-shotguns-to-people-living-in-violent-neighborhoods/?utm_source=rss&utm_medium=rss&utm_campaign=tucson-man-giving-away-shotguns-to-people-living-in-violent-neighborhoods

BIGNASTY's picture

Hagarth.........

A 12 G. is a convincing tool in the firm hands of a righteous citizen. For $350.00-$ 400.00(shotguns don't require that much training) they should have no problem procuring mossberg 500's and a box of #4 buckshot to calm the thugs. Nice to see a leader helping the common man. Thanks for sharing.

Hagarth's picture

@BIGNASTY Ties in nicely

with the Mexican people putting an end to the corruption in their local area.  TheArmed Citizens Project kind of reminds me of the "Guardian Angels" movement in New York of the late 70's and early 80's.  Taking back the streets one street at a time, very inspiring and surprisingly effective.

Fred Smith's picture

Plans for UK/US bank deposits - Ellen Brown

http://www.counterpunch.org/2013/03/28/the-confiscation-scheme-planned-for-us-and-uk-depositors/ This is a truly remarkable article from a reliable source. (Apologies if everyone has already seen it) Everything about Cyprus looked like a rehearsal for other jurisdictions - flying visits from the troika, bank runs, capital controls, daily returns of 300 euros, etc Coming to a bank near you - and soon ?

DayStar's picture

RE: Online Metal Sales

Well, I guess the online metal prices going beserk is a good way to force hot money into stocks and bonds if you can't buy metal online any more. "Hacker" attack?

DayStar

Dead Cat Pounce's picture

"People's Parties"

Turd, one point regarding the term "People's Party": in German-speaking Central Europe (and I think this extends a bit into the Slavic realm, as well), the term "People's Party" (in German: Volkspartei) is generally used by right-of-center parties with a Catholic or at least Christian bent (roughly equivalent to Germany's Christian Democrats). A good example is the Österreichische Volkspartei (ÖVP), the Austrian People's Party. Switzerland's SVP is a bit of an exception -- they are a populist party that swings out much further to the right. One needs to remember that the US political spectrum skews much further to the right than that of almost any other industrialized country, so the democrats in the US would be a typical right-of-center party in Europe. The "left" (in European terms) is practically non-existant in the US (which is why the rest of the world tends to just shake their heads in disbelief when the republicans compare Obama to North Korea's leader for promoting something (universal healthcare) that is the norm in practically every other developed country on the planet. Never mind that Obamacare is obscenely flawed ... that's an entirely different discussion... Anyway, traditionally Catholic parties (a good example would be the CSU, the Christian Social Union, which takes the place of the CDU (Christian Democrats) in the German state of Bavaria) tend to have a socialist bent that has very little to do with Marx and everything to do with Catholic ideas about social solidarity (which nonetheless are aimed at preserving a class system and protecting those at the top). In short, it's a different political universe that's fairly difficult to talk about using American definitions of political terminology, which are very specific to the US -- the same words will often mean something different anywhere else in the world. ;) Another example is the term "liberal," for instance, which has little or nothing to do with "the left" when used outside the US ... and everything to do with Thatcher, Friedman, et al....

zeroexperience's picture

@ Arag

I am not working in finance, luckily, sure if UBS and CS tank, life will be different, but should still be liveable here, there is still large industry (food, pharma, chemicals) as well as small enterprises. If we can manage to keep civilisation, I would be happy, it doesn't have to be luxurious :) I am willing to get my hands dirty (i.e. work for food). My savings are physical, and Switzerland will likely remain one of the key markets for physical gold.

It will most likely get tougher to move here in the near future though...

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