Date of Swiss Gold Initiative Vote Inches Closer

64
Fri, Oct 10, 2014 - 12:52pm

Will November 30, 2014 be a seminal day in the fight to return the world to a system of sound money? Maybe. But only if the good people of Switzerland ignore their devious central bankers and sycophant media.

Regular readers of this site know that we've been all over this story for months. As the date of the Swiss national referendum approaches, you can be assured that many more updates will follow. For today, just a recap.

To begin with, please read this: https://www.tfmetalsreport.com/blog/5731/turdville-love-open-letter-good...

Then follow that up with this: https://www.tfmetalsreport.com/blog/6065/swiss-gold-initiative

Why am I bringing this up again today? Because earlier this week, the Swiss National Bank (SNB) put out an opinion piece that was clearly designed to frighten the Swiss people into voting "NO" on The Initiative. You can read the entire missive by clicking this link but the "conclusion" is reprinted below: https://www.snb.ch/en/mmr/speeches/id/ref_20141009_jpd/source/ref_201410...

"History is a great teacher. And central banks must learn from its critical episodes. The recent crisis is such an episode and is thus an exceptional learning opportunity.

Central banks were active in managing the crisis with both conventional and unconventional tools. Their efforts played a major role in preventing the collapse of the financial system in the early days of the crisis, and have contributed to mitigating the economic damage of the aftermath. These actions were only possible because central banks, including the SNB, were able to act flexibly in exceptional circumstances – a flexibility which the gold initiative would severely constrain.

But the social costs of the crisis were – and still are – enormous, and the main lesson that central banks need to take away from it is the necessity of reinterpreting their financial stability mandate, away from managing crises and towards a more prominent role in preventing them.

This means that systemic risk has to be addressed directly and effectively, a job for which central banks are well placed. If we succeed, the need for extensive crisis management measures will be reduced. In other words, one should expect to see more of central banks on one front so as to see less of them on another.

Let me conclude by reiterating the answer I gave right at the very beginning: in responding to the crisis and in implementing new regulatory measures to prevent another one, central banks did not do too much; they did what was and is necessary."

To sum up, the SNB essentially said this:

The current global financial system nearly collapsed in 2008 and it could do so again at any moment. The only way the Swiss will/can survive this coming debacle is to continue to invest all monetary authority into the same deviant central bankers that brought upon the crisis in the first place.

That sounds like a good idea, doesn't it?

While it's certainly true that a "YES" vote would be positive for gold (and silver), this referendum is about much, much more than that. It is about returning power to the people while diminishing the destructive power of the central bankers. As the world's only remaining direct democracy, the Swiss are uniquely positioned to champion this cause and begin the process of global liberation from central banking. Will they vote "YES" on November 30 or will they be cowed by fear through the propaganda spewed by their bankers and repeated by their media? Only time will tell.

I'll conclude this post today with the same words that I've used to conclude the other two posts, imploring the Swiss people to choose wisely:

The world is rapidly changing and tomorrow will not be like yesterday. The current global financial system, based upon promises, debt and unlimited fiat currency will one day soon by replaced by a system that returns the world to a sound money platform. The monetary powers of the 21st Century will come to the forefront by virtue of their accumulated reserves of sound money, not by their addiction to easy money.

You, Switzerland, still have time to act and prepare but you must move quickly. The possibility exists for you to reverse course and demand change but time is short. The end of the great Keynesian experiment is upon us. Reclaim your gold and your sovereignty now or be forever consigned to the trash heap of fiat currency history.

Faithfully submitted with all sincerity,

TF

About the Author

Founder
tfmetalsreport [at] gmail [dot] com ()

  64 Comments

  Refresh
ag1969
Oct 11, 2014 - 9:11am

Documentary shows Snowden reunited with dancer girlfriend Moscow

Edward Snowden is not "skulking" in a secret Russian bunker but is living an ordinary life in Moscow with his longtime girlfriend, Lindsay Mills. “Citizenfour,” a documentary about the whistleblower, premiered Friday at the New York Film Festival.

Intriguing image from Citizenfour of Ed Snowden and his girlfriend making food together in Moscow, via @NewYorker pic.twitter.com/vVu3lHvpDw

— Tom Parfitt (@parfitt_tom) October 11, 2014

It has been three months since Lindsay Mills, whom Snowden had to leave behind in Hawaii in May 2013, was reunited with him in Moscow in July, “Citizenfour” reveals. The documentary was directed by investigative journalist and filmmaker Laura Poitras, an associate of former Guardian reporter Glenn Greenwald, who has been Snowden’s primary media contact throughout the NSA revelations campaign.

More than a year ago, in August 2013, Snowden’s Russian lawyer Anatoly Kucherena told the media that his client had no immediate plans to leave Russia and was really missing Mills, his girlfriend since 2009.

Mills, a former nightclub dancer, kept a blog titled, “Adventures of a world-travelling, pole-dancing superhero,” in which she wrote after Snowden fled to Hong Kong in May 2013 that she felt “sick, exhausted and carrying the weight of the world”. Mills took the blog down shortly afterward, however.

https://rt.com/news/195080-snowden-girlfriend-moscow-documentary/

thurd aye
Oct 11, 2014 - 9:10am

thats another in the bin

HIS NAME WAS HARVEY ORGAN.

An I dont mean Harvey,you tool.

lordbyroniv
Oct 11, 2014 - 9:10am

HIS NAME WAS HARVEY ORGAN

I wouldnt be delving into the Harvey Organ scenario too deeply people lest you all be deleted yourself.

There is a FEMA camp waiting for people who track inflows and outflows of metals ya know.

:(

https://productforums.google.com/forum/#!topic/blogger/3hP1U1r425g%5B1-2... <--- POOR HARVEY

WineGuyag1969
Oct 11, 2014 - 8:46am

ag1969 Re: Bank Drill Monday ...

It's Thanksgiving Day in Canada and Columbus Day in the USA on Monday. The TSX market in Canada is closed while the markets are open in the USA. In the past, virtually all false flag operations had "drills" schedule on the same days. ie, 911, Boston Bombing & Sandy Hook. I find it interesting that RT is reporting this Banking Drill. Could RT be telling us something?

ag1969
Oct 11, 2014 - 7:48am

Bankocalypse drill: US and UK to run ‘too big to fail’ collapse

The US and UK will stage a comprehensive simulation next week check whether the countries’ financial and banking sectors are still vulnerable to the problem of the ‘too big to fail’ institutions and coordinate their actions in case of such collapse.

Government financial leaders from Britain and US will simulate a failure of a large banking institution on Monday in Washington, DC, to test the effectiveness of each county’s banking regulations.

They hope the simulation – which will not mimic the collapse of any particular ‘too big to fail’ institution – will demonstrate what the officials have learned from the financial crisis about their respective roles, and how new practices should shield taxpayers from further bailouts. The simulation will run through procedures if a large UK bank with US operations failed, and those for a US bank with a British presence.

We are going to make sure we can handle an institution that was previously regarded as too big to fail,” said UK chancellor, John Osborne, speaking to journalists at an International Monetary Fund meeting in Washington on Friday. “This demonstrates the distance we have come over the last few years to build resilience and learn the lessons of the financial crisis.”

https://rt.com/business/195052-us-uk-simulation-bank-collapse/

Karankawa
Oct 11, 2014 - 1:55am

Thanks Turd.

I've been following GATA and Harvey since pre 2000. I thought the system was going to collapse then.

Well, it did sorta. As we know today, America died in 1913 and the idea of America only lives in our Hearts if we choose to understand history.

And btw, I don't know HOW much this ebola thing is real. But I do know that 911 was a faked takover.

All I can do is grow things for my neighbors, and thank you for what you are doing.

God Bless,

Karankawa

Oct 11, 2014 - 1:07am

Here's what I have re Harvey

This is the email I received from Bill Holter who, apparently, has been in contact with Harvey:

Hi Guys, what do you make of Harvey's site being taken down? At first I thought it might have been hacked but he says no, Google in fact took it down by a court order they will not show him. This is REALLY bad but it also means he struck a serious nerve somewhere. This I tried to explain to Harvey can get some real yardage for the truth if in fact it was done by "secret court order". Your thoughts? Best, Bill

To which I replied:

I don't know.
Maybe all the copy and pasting he did finally pissed someone off enough to get a court order?
I hope he finds a new platform soon.
TF
To which Bill replied:
Hi Turd, it could be but Google will not tell him who filed, in what court or what judge for what reason. Very strange, it very well could be he struck a nerve about COMEX kilo bars and paper (COMEX is supposed to be all ounces) if it is not for a copyright issue. If it was copyright, surely he would have been served and Google would have no problem telling him why his site got shut down, right? Best, Bill
And I just sent back:
I hear ya. Definitely sounds very fishy.
I hope he builds his own site and gets back online ASAP.
I'll post more details in the morning if I hear anything...
Doctor J
Oct 11, 2014 - 1:06am

That's yesterday's post, Doc

Maybe he'll migrate there eventually. See below.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Recent Comments

by Turd Ferguson, 2 min 27 sec ago
by Outback, 17 min 49 sec ago
by Dr Jerome, 22 min 13 sec ago
by Turd Ferguson, 31 min 2 sec ago
by Ned Braden, 32 min 19 sec ago

Forum Discussion

by Green Lantern, 9 hours 50 min ago
by KevinBenavides, Sep 27, 2020 - 6:01pm
by SteveW, Sep 27, 2020 - 3:47pm
by 11IMIX, Sep 27, 2020 - 10:45am