Switzerland fails to start a money revolution, but opens debate about a mechanism of economic violence

12.06.2018 - Pressenza London

This post is also available in: Spanish

Switzerland fails to start a money revolution, but opens debate about a mechanism of economic violence
(Image by Positive Money Europe)

“This Sunday, Switzerland will hold an historical referendum on how money should be created. Watch this short video to understand what the vote is about – and share with your friends!” (Facebook posting by Positive Money Europe prior to the referendum). See Pressenza and Pressenza

This Sunday, Switzerland will hold an historical referendum on how money should be created. Watch this short video to understand what the vote is about – and share with your friends!

Posted by Positive Money Europe on Thursday, 7 June 2018

Unfortunately Swiss voters rejected the ‘sovereign money’ initiative by 26% in favour, 74% against. But Positive Money Europe will continue its campaign of awareness about the way money is created by private banks out of thin air in a way that contributes to the destructive power of neoliberal capitalism.

A full analysis of the problems and proposal was also published on the Posittive Money Europe (THE SWISS SOLUTION TO THE EURO CRISIS) Website : “The current system privatizes profits but socializes the losses”.

 

Categories: Economics, Europe
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