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

“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

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”.