Switzerland is set to vote on a radical 'sovereign money' plan: Here’s what you need to know
Swiss voters go to the polls Sunday to decide whether the country should switch to a so-called sovereign money system.
Supporters of the initiative, known as the "Vollgeld" or the Sovereign Money Initiative (SMI), say approving the measure would make the financial system safer by preventing bankers from recklessly lending and putting people's savings at risk — again.
UBS Chief Executive Sergio Ermotti told reporters last month: "I don't expect the Swiss people to be suicidal and approve it."
A pretty biased article on banking, protecting peoples money by getting rid of fractional reserve banking is called 'radical', lol.
Read the full story here...
https://www.cnbc.com/2018/06/05/switzerlands-sovereign-money-referendum-heres-what-you-need-to-know.html
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