With corrupt politicians the world over selling out, its hard not to lose faith in democracy. But there’s hope and the Swiss model points the way forward whereby a petition can force a referendum. This ensures the people can override their government. DirectDemocracy in Ireland (in its infancy) is one such political movement inspired by the Swiss. In Ireland’s case, this could have been used to force a referendum on the bailout that was hoisted upon its citizens. Thus giving the people their say rather than a shady decision between 2 politicians in the dead of the night.
Now the Swiss People’s Party in a move which shifts the power back to the people from dodgy politicians and greedy Central Bankers have over 100,000 in a petition, enough to call a referendum on its gold reserves. The aim is to stop any further gold sales by the SNB and to repatriate any remaining gold stored in the US.
The Swiss National Bank (SNB), which supposedly guarantees price stability in Switzerland, currently holds about 1,040 tons of gold reserves after gradually selling off at least 1,550 tons and now members of the Swiss People’s Party, the far-right Swiss Democrats and the Lega dei Ticinesi movement, is confident a nationwide vote will be called (after they gathered 106,000 signatures) on stopping the sale of gold reserves held by the SNB. It also wants gold bars stored in the US to be returned. As Swiss Info reports, the People’s Party leader Luzi Stamm comments, “Gold reserves guarantee the stability of the Swiss franc. They ensure that that private savings, salaries, pension keep their value,” warning that gold must not be the object of speculation for the SNB or for politicians and demanding the SNB keep a minimum of 20 per cent of its assets in gold, twice the current level. In addition, they want to force the government to disclose where the gold reserves are stored, since “it is only in safe hands if it is kept in Switzerland.”