The Swiss roll over!

[Sharky]

Re: The Swiss roll over!

Care to share where you invested instead?

Not yet. Sorry.

[laurenta]

Re: The Swiss roll over!

This chatter about Switzerland going down is silly, the move away from tax-haven status is a good thing for Swiss industry. The environment (tax, HR...) for doing business in here is still better than anywhere else in Europe.

You do know that the Swiss National Bank is buying euros to prevent a worried rest-of-the-world from fleeing into CHF?

(disclaimer... I live in Switzerland)

And for the conspiracy theorists out there...

Last year I had a chat with an old friend at the WTO and also knows the WEF well. His vision: Switzerland (Monaco, etc) are hotels for the rich, if you live and work there you are an employee of the hotel.
Living and working in other countries you are a servant of one or more oligopolies, there are no republics left.
This "hotel" function will remain and will become more significant for the next five years or so.

[gwynedd1]

Re: The Swiss roll over!

I personally don't consider myself a one world conspiracy theorist ;) I believe there will always be competing interests, were not all robots; but as mentioned earlier you dont need a one world order, you just simply need enough people to owe you favors or be indebted to you... I do believe that money can be used as a weapon and can be more devastating than conventional weapons or warfare... It has been used for centuries... You can destroy entire countries w/o using a single bomb or killing/maiming a single individual, its more efficient, clean and leaves an entire country that can for all intents and purposes can be exploited/bought on the cheap (assets) and a populace destitute and available as cheap labor.

On a microscale look at the homeowners getting evicted and all the financiers that made ALOT of money, that money came from somewhere...... On a macro scale look at argentina and the countless other countries that have been given crushing debt for the benefit of that countries bond holders.. You leave a person penniless and his life is ruined; he will sell everything to survive... Now just expand that on an international scale..

Hi karim0028,

Some people out there have done a fine job smearing legitimate research and plain facts conspiracy theory. Without finance world leaders can do nothing. The largest contributor to political campaigns is the financial industry but the skeptics can't seem to see it. As often happens I offer facts and the response is an ethereal skepticism with nothing specific.

Look at the false slug we are given. I guess some figure no one will read it. It is often implied that Adam Smith was for free markets with no interference. It appears to me that the interpretation is rather we need an authority to maintain free markets somehow.

This was over 200 years ago. Adam Smith was offering a path outside the reality in the same vain hope we have but hope is all we have.

To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should ever be established in it. Not only the prejudices of the public, but what is much more unconquerable, the private interests of many individuals, irresistibly oppose it. Were the officers of the army to oppose with the same zeal and unanimity any reduction in the number of forces, with which master manufacturers set themselves against every law that is likely to increase the number of their rivals in the home market; were the former to animate their soldiers, in the same manner as the latter enflame their workmen, to attack with violence and outrage the proposers of any such regulation; to attempt to reduce the army would be as dangerous as it has now become to attempt to diminish in any respect the monopoly which our manufacturers have obtained against us. This monopoly has so much increased the number of some particular tribes of them, that, like an overgrown standing army, they have become formidable to the government, and upon many occasions intimidate the legislature. The member of parliament who supports every proposal for strengthening this monopoly, is sure to acquire not only the reputation of understanding trade, but great popularity and influence with an order of men whose numbers and wealth render them of great importance. If he opposes them, on the contrary, and still more if he has authority enough to be able to thwart them, neither the most acknowledged probity, nor the highest rank, nor the greatest public services, can protect him from the most infamous abuse and detraction, from personal insults, nor sometimes from real danger, arising from the insolent outrage of furious and disappointed monopolists. -Wealth of Nations.

Where are we now? I really don't no what one wants to call it or what ever pusillanimous and dissonant response one wants to make with the evidence but the truth is we don't know because it has passed from public view. We do not operate as a republic. We operate by finance in some state of plutocracy that installs our leaders. I do not know the competing interests in that sphere because it has passed from view but I make the following assumptions.

1. These people are selected by their avarice and socio pathology. Wealth by evil means is accumulated more quickly.
2. They will at some point consolidate and are consolidating.
3. They will use deception and hide their intentions.
4. They will destroy any threat to their status.
5. They are not like ordinary people that wish to acquire another step of a Marlow hierarchy of need but the self actualization phase. Money has no meaning. Thus power is more likely. What exactly is the self actualization for men that were willing to do anything for money and power?

[ThePythonicCow]

Re: The Swiss roll over!

I recently asked myself the same question. To me, the waning government backing on privacy casts doubt on BV's ability to withstand efforts at seizure or control, along the lines of what happened with e-gold.

So far, at least from the -stated- reasons for going after e-gold and swiss bank accounts, it seems to be that "they" are after the flows (transfers) of money and after tax havens.

BullionVault, unlike e-gold or GoldMoney, has gone out of its way to keep you from using your BV account to transfer money to others. With BV, one can only transfer money in or out via a single "linked" bank account held in your name. So the -stated- motivation of going after illegal money flows, such as for drugs or arms or funding bad guys (terrorists, mafiosa, whatever) does not seem to apply there.

That leaves the tax evasion angle. If at some point, we start to find BV a useful way to avoid taxes in any quantity, then I will get more nervous about my BV holdings.