“Swiss parliamentarians urged rejection of a popular initiative that would curtail the Swiss National Bank (SNBN)’s independence by requiring it to hold a fixed portion of its assets in gold. Members of the Swiss parliament’s lower house voted 129 to 20 with 25 abstentions today against the plan, which demands that at least 20 percent of the central bank’s assets be in gold. It would also disallow the sale of any such holdings and require all SNB gold be held in Switzerland. No date for a national vote has yet been set. Parliament and the multi-party government issue recommendations on all national referendums as a matter of procedure.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
California poised to become first state to impose full ban on lead bullets
US announces $23 million bounty for African group leaders
Defence companies get boost from growing fears of conflict
Wall Street Can’t Agree on When to Halt the U.S. Stock Market
British Somalis dread ban of ‘herbal high’ khat
Judge Freezes U.S. Assets of Mt. Gox CEO, Related Companies
Gun-control demagoguery is a lethal weapon
Lawmakers propose cyber crime reforms inspired by Aaron Swartz
Can Bitcoin make a good first impression with top federal agencies?
Landlords Are Practically Giving Malls Away
Feds secretly rolling out real estate cash reporting rules to more states
Gitmo defendant’s lawyers: CIA gave ‘Zero Dark Thirty’ makers more info than us
Bank of England Governor on Bitcoin: It needs 'accountability'
Tarrant lawmaker seeks to create Texas Bullion Depository
Karzai Says He Was Assured C.I.A. Would Continue Delivering Bags of Cash