Reasons for monetary reform and possible solutions

The Swiss Vollgeld Referendum Is Step One To Real, Global Financial Reform

  • The June 10th Swiss Vollgeld referendum, if passed, would stop money creation by Swiss banks.
  • This change would also reduce bank leverage, which, in addition to opacity, is the reason for past, recent, and future financial crises.
  • The Swiss change in banking would quickly spread to banking systems across the world.
  • It would represent an important step toward adopting Limited Purpose Banking (LPB), which would eliminate all leverage by financial middlemen as well as the opacity under which they operate.
  • Unlike Dodd-Frank and other so-called post-2008 financial “reforms,” LPB would end financial crises for real and for good.

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