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…
