Wellington and York Partners wealth management Taipei Taiwan Agree to this article.
An initiative to prohibit commercial banks in Switzerland from electronically creating money when they make a loan was overwhelmingly rejected by Swiss voters.
According to Reuters Odell Beckham Jr Giants Jersey , more than three quarters of voters rejected the Sovereign Money initiative. In addition, all of the country鈥檚 26 self-governing cantons voted against it.
The initiative called for commercial banks to stop creating money each time they issue a loan. Backers of the proposal argued that by shaking up the traditional financial system, it can ensure that the Swiss National Bank (SNB) is the only one that produces new money in Switzerland. In addition, only a portion of bank deposits would be backed by central bank notes Darius Slayton Giants Jersey , coins and bank deposits.
But many had concerns about the potential risks to the Swiss economy, including the Swiss government, which said it was pleased with the initiative鈥檚 rejection.
鈥淚mplementing such a scheme, which would have raised so many questions Julian Love Giants Jersey , would have been hardly possible without years of trouble,鈥?said Finance Minister Ueli Maurer. 鈥淪wiss people in general don鈥檛 like taking risks, and 鈥?the people have seen no benefit from these proposals. You can also see that our banking system functions 鈥?the suspicions against the banks have been largely eliminated.鈥?p>
Last month, Jean-Marc Decressonniere Oshane Ximines Giants Jersey , the director of the Freie Gemeinschaftsbank, a small bank in Basel, became one of few in the industry to voice support of the initiative.
鈥淚n [the] future, it would be more sensible to have money administered by a central authority that is independent and looks at the whole economy Deandre Baker Giants Jersey ,鈥?he said. 鈥淐ommercial banks have a more limited perspective based on their own profit targets.鈥?p>
But in addition to the Swiss government, opposition also came from the SNB and business groups.
鈥淲e are pleased, as this would have been an extremely damaging initiative,鈥?said Heinz Karrer Dexter Lawrence Giants Jersey , president of business lobby Economiesuisse.
The SNB also said the initiative would have made it much harder to control inflation in the country.
鈥淲ith conditions now remaining unchanged, the SNB will be able to maintain its monetary policy focus on ensuring price stability, which makes an important contribution to our country鈥檚 prosperity,鈥?it said in a statement.
Total Views: 313Word Count: 361See All articles From Author
?The Baratarian pirates also offered their services. Even though an American naval force had destroyed their base on Grand Terre Island in September Daniel Jones Giants Jersey , the Baratarians rejected British overtures to side with them. (6) {Other accounts make it clear the men were willing to go it alone or against the Americans and yet Lafitte convinced them to support the American cause. I see this as part of the French Masonic or MerovingianPriory plan that included Napoleon. Lafitte and Joseph Napoleon later tried to break Napoleon out of St. Helena. I think Lafitte was their agent and played any role or side to support their cause first and foremost. They wanted the US to become a real force in the world. Their counterparts in England had declared French Masonry was without a soul. They had formally declared them to be any number of silly things. It continues to some extent to the present. I shall address this more as I proceed but suffice it to say that at some level we have an inner sanctum of people who are playing both sides for fools.} Instead they pleaded with American officials to accept their services. According to one observer, 'this transition from piracy to Patriotism? was due to the influence of Edward Livingston. The pirates had promised Livingston $20,000 if he could secure their acquittal on charges of violating the trade laws,?? (7)
This is an enormous amount of money and it might well be just a small part of what changed hands or was funneled to various officials by Lafitte. Livingston had lost most of his wealth in New York City before coming to New Orleans in a situation said to involve someone fleecing him when he had Yellow Fever. He was no longer without the clout money brings. The whole Louisiana Purchase and most of the Central Western United States was sold for $15 Dalvin Tomlinson Giants Jersey ,000,000. This brief note on that will tell you how important Livingston had been.
?President Jefferson wanted to make sure that the US could use the Mississippi River for commerce, so he had the American ambassador to France, Robert Livingston Evan Engram Giants Jersey , and a special envoy, James Monroe (who would later be president), negotiate to buy the port of New Orleans. This would allow the US access between the Gulf of Mexico and the Mississippi River. They were very surprised when the French offered to sell the entire Louisiana Territory for 15 million dollars. The purchase was completed on April 30, 1803.? (8)
But we might well wonder about many things related to this purchase as I have already intimated. It turns out that my own ancestor Rufus King was the Ambassador to England until shortly AFTER this purchase was made. But he was also a minister plenipotentiary and became the special contact with the Royal Court of Britain shortly thereafter. This is the kind of role that many spies and double or triple agents who are far more than mere bureaucrats are involved with. It is the supranational paladin position of the highest sort and much like Henry Kissinger has been for the RothschildRockefellers you could say. Here is the research on this matter from another source.
Domizil (Aldor)
Thema drucken
20.01.2020 04:10
Antworten
