Exter's Pyramid

the entire modern financial system these days is exclusively reliant on runaway fractionalisation of sound money, to find new & creative ways to borrow from the future.

Switzerland To Vote On Ending Fractional Reserve Banking

Exter's Pyramid:


more and more layers are added to the top of the Exter's Pyramid, with banks getting all the benefits and stuffing taxpayers when the inevitable collapse happens.

Swiss Referendum Vollgeld http://vollgeld-initiative.ch/english/

Vollgeld
Full Money Initiative
Campaign for Monetary Reform

seeks to ban commercial banks from creating money, and which calls for the central bank to be given sole power to create the money in the financial system.

in other words, an initiative to ban fractional reserve banking, and revert to a 100% reserve.

"Banks won’t be able to create money for themselves any more, they’ll only be able to lend money that they have from savers or other banks," said the campaign group.

Ever since the SNB was established in 1891, it has had exclusive power to mint coins and issue Swiss banknotes. However, as with every other fractional reserve banking system, over 90% of the money in circulation in Switzerland, as in every other country, now exists in the form "electronic" cash created by private banks, rather than the central bank.

It is this threat of uncontrolled money creation and the risks to systemic stability that the Vollgeld campaign is seeking to stem.

"Due to the emergence of electronic payment transactions, banks have regained the opportunity to create their own money," said the Swiss Sovereign Money campaign. "The decision taken by the people in 1891 has fallen into oblivion."