Referendum of Sovereign Money in Switzerland

On 10th June 2018 Switzerland will be the first country in the world to have a national referendum on the introduction of Sovereign Money.

The sovereing money is a reform to the banking system that would remove the ability of banks to create money, in the form of bank deposits, when they make loans. It would transfer the ability to create new money exclusively to the state, creating what we have termed a ‘sovereign money’ system.

Sovereign money is issued by a state authority, in Europe a national bank, or the European Central Bank (ECB). Today, sovereign money exists in the form of cash (coins and banknotes) and non-cash central-bank money, called reserves. Such reserves, however, circulate on bank accounts with the central bank only, not on customer current accounts with banks.

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.

That’s because the change would make it much harder for commercial banks to extend credit, effectively creating cash. Instead, the Swiss National Bank (SNB) would become the monopoly provider of Swiss francs.

However, opinion polls indicate SMI will not receive enough votes to pass. Around two-thirds of the Swiss electorate is expected to vote against the plan, which SNB Governor Thomas Jordan has described as a “dangerous cocktail.”

 

Personaly I voted Yes

Poppy

Papaver rhoeas or most commonly red poppy or simple poppy is a plant that comes to flower in may or june in Switzerland. You can find this plant in the northern hemisphere.

The plant can produce up to 400 flowers in a warm season, despite the flowers only lasting one day.

If you use less herbicid that flower comes.

 

Why Belarus is a strange country

If you look at a map, you can see that Belarus is like an island. Blue is when Google Street took photos. Belarus is white. You cannot visit Belarus with Google Street View. I like to visit a country walking in a street city clicking on Google Street but in Belarus it is not possible.  You have only few pictures. And I notice that very few cars are on the streets. Where are cars ? You have only your dream and your imagination.

Belarus is an unknown country. Most of people have never heard about just the name or at least they think it is a part of Russia. Belarus is a strange country. It is situated in Europe just near Poland but very few people speak englich.

Belarus has no foreigner. Gomel a city of 500 000 inhabitants has only 12 foreign students only.

There is no unemployment. Wow hard to believe. If you loose your job, you get 12 $ not per hour, not per day but 12 $ per month. You can get a ticket for 1 month of transportation with that price. During that period you have to work 4 days per month with general interest work like cleaning the street. After that period if you have no job, you have to pay tax of 250$. You have to work at least 182 days per year otherwise you pay the taxe.

If you are unemployed you have to pay a tax of 250$.

When you are retired you get … 50$ per month. If you work you get 100$ per month. Even if the prices are not hight, it is hard to live with that amount. Hard to imagine.

If you buy a mobile phone, you get a service with it.

If you want to visit Belarus you don’t need a visa if you go by plane and stay less than 5 days. If you enter with the train or by car you need a visa.

How belarusian see western countries ?

“In my country exist poor working people. In your country are poor people if they take drugs or alcohol”

Here diesel fuel in a cars does not work at the winter. 1 l of petrol cost 0.65 and 1l or diesel 0.75$. They think that Switzerland was in European Union and there is no border. The knowledge is not exact.

In Belarus people speaks russian and Belarusian is less and less used and spoken.

Some people say that Belarus is the last dictatorship in Europe. It is definitively different.

I have never been in Belarus but that would be a nice country to discover. I imagine it should be more than a travel in space but maybe a travel in time and mentality. Forget all you know and learn new things. I can imagine people with less material value but much more time and inside value.

If you even want to explore a new country where no migrant can go and tourists are welcome but hard to attract. Read why do so few tourist visit Belarus ?

Have you ever been in Belarus ? Have you ever talk or been in contact with belarusian ? What is your experience ?