The Swiss population will be the first in the world to vote on their banking and monetary system, thanks to the tireless efforts of a pro-Sovereign Money campaign.
“In a nutshell, the proposal extends the Swiss Federation’s existing exclusive right to create coins and notes, to also include deposits.
With the full power of new money creation exclusively in the hands of the Swiss National Bank, the commercial banks would no longer have the power to create money through lending. The Swiss National Bank’s primary role becomes the management of the money supply relative to the productive economy, while the decision concerning how new money is introduced debt free into the economy would reside with the government”.
Heres a link to their website »
And here is Reuters report on it »