Swiss gold referendums–1999 and 11-30-2014

On 4-18-1999 Swiss held a referendum on a proposed new federal Constitution.  Turnout was 35.9% of voters.

59.2 % voted for, 40.8% voted against.  12 Swiss cantons voted for, 8 cantons against.  This new federal Constitution severed the connection between the Swiss franc and gold; Switzerland previously by Constitution required 40% backing of their currency by gold.  (Currently Swiss government holds perhaps 10% gold reserve for its currency.)  http://en.wikipedia.org/wiki/Swiss_referendums,_1999  (Astrologic chart for 4-18-1999, 11:30 a.m. Zurich standard time shows Sun at one-fifth of circle to Uranus at 16 Aquarius.   -R, Mt. Shasta)

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The Swiss People’s Party, largest poltical party in Switz., has been campaigning for the reintroduction of the gold- backed Swiss Franc.    http://www.goldcore.com/goldcore_blog/Save_Our_Swiss_Gold_Game_Changer_For_Gold

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(Kitco News) – Some analysts continue to dismiss a fast-approaching Swiss referendum on gold reserves, despite two recent polls showing nominal support for the initiative.

On Friday gfs.bern, in partnership with SRG, Switzerland’s public broadcasting organization, released a poll saying that 44% of respondents supported the “Save Our Gold” initiative. The referendum would force the Swiss National Bank to boost its gold reserves to 20% of its total foreign reserves, to never sell its gold holding and hold all its gold within the country. The poll showed 39% opposed the referendum, and there is still a high number, 17%, who are undecided.    http://www.kitco.com/news/2014-10-27/Swiss-Gold-Initiative-Faces-Tough-Hurdles-Despite-Positive-Early-Polls.html

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10-21-14   Peter Thiel (billionaire tech investor) in an interview:  I’m more interested in the future oriented question, which is how do we make Karl Marx uncool and how do we make Jefferson cool?….And I think there’s a strange counterpoint where the same thing happened with our currency, where the real value of money became separate from the virtual in August of ’71 when we went off the gold standard. And so, you know, whatever you think of the gold standard, it had the virtue of connecting the real with the virtual.    http://www.glennbeck.com/2014/10/21/could-this-be-the-new-counter-culture?curator=MediaREDEF

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The Bolsheviks were very early champions of abortion, homosexuality, universal healthcare and abolition of the gold standard.

A report of an interview with Lenin was published on April 23, 1919, by the Daily Chronicle in London and the New York Times. Dated April 22 and cabled from Geneva, the article claimed to be based on “authentic notes of an interview with Vladimir Ulianoff Lenin, the high priest of Bolshevism, which were communicated to me by a recent visitor to Moscow.” Attributed to the Chronicle’s unnamed “Special Correspondent,” the visitor was also unidentified. One section of the article recorded: “Lenin is obsessed at present by a plan for the annihilation of the power of money in the world.” A long series of quotations attributed to Lenin began as follows:
Hundreds of thousands of rouble notes are being issued daily by our treasury. This is done, not in order to fill the coffers of the State with practically worthless paper, but with the deliberate intention of destroying the value of money as a means of payment. There is no justification for the existence of money in the Bolshevik state, where the necessities of life shall be paid for by work alone.

Experience has taught us it is impossible to root out the evils of capitalism merely by confiscation and expropriation, for however ruthlessly such measures may be applied, astute speculators and obstinate survivors of the capitalist classes will always manage to evade them and continue to corrupt the life of the community. The simplest way to exterminate the very spirit of capitalism is therefore to flood the country with notes of a high face-value without financial guarantees of any sort.

http://thegoldstandardnow.org/key-blogs-6/2486-lenin-s-plan-for-the-annihilation-of-the-power-of-money

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citizens under this new Gold Exchange Standard(also known as the Gold Bullion Standard or the Inter-war Gold Standard) would not receive gold coins of the realm in exchange for their notes, though this had been an integral part of the original Gold Standard now known as the Gold Coin Standard.

Under the Gold Bullion Standard, citizens of Britain and other European countries could only redeem their banknotes in large gold bars. Such bars were unsuitable for day-to-day transactions, but largely achieved the goal of keeping the gold in the vaults.   http://en.wikipedia.org/wiki/Genoa_Conference_(1922)

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In 1922, Foreign Minister G. Chicherin (foreign minister from 1918-30) participated in the Genoa Conference and signed the Treaty of Rapallo with Germany. He begged Lenin not to wreck the Genoa Conference (he believed this would make it easier to get foreign loans)….Chicherin is thought to have had more phone conversations with Lenin than anyone else. http://en.wikipedia.org/wiki/Georgy_Chicherin

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Updated October 29, 2014

A number of Chinese citizens have faced reprisals for supporting the Hong Kong protests for universal suffrage, which began in September 2014. http://www.chrdnet.com/2014/10/individuals-detained-in-mainland-china-for-supporting-hong-kong-pro-democracy-protests/

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