Swiss Gold Referendum

All policies have winners and losers, and bystanders can observe the intent and play the odds, even if the policy is inherently evil.  The existence of the Federal Reserve Bank is both force and fraud on the losers of USA economic policy.  Bystanders, such as the Swiss, can and do decide the game is "tradable" and engage to some degree, to play the odds.

Very many Swiss knew what would happen when the USA went off the gold standard completely in 1971.  Collectively they decided it was tradable.  Until now.

Enough Swiss are deciding it is time to end the game and get their currency out of the game, go back to a gold standard.  Peter Schiff has this comment:

"Those economists who are trying to convince you weakness is strength and strength is weakness do not understand that Exporting is not an ends in and of itself.   Exporting is a means to an end,  and that ends is Importing.  The only reason you Export is to Import.   There are a lot of things Swiss people want that they don't make.  How do they pay for those things?   They make things other people want and then they trade.  The beauty of a strong currency is the stronger the Franc,  the less the Swiss have to Export to pay for their Imports.  In other words,  you don't have to work as hard to enjoy greater consumption.  A strong currency increases your standard of living."

True, true, and the Swiss know it.  Old man Kennedy said only fool tries to time the top.  Swiss elections are hard to fake, but if enough Swiss decide there is still enough wealth to transfer from USA to Switzerland, then they will vote no.  But people are discussing the end game.

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