switzerland Archives | Restoring Liberty

Swiss voters agreed on Sunday to penalize public homophobia, greenlighting an amendment to an antidiscrimination law that had not provided protection for lesbians, gay men and bisexual people. . .

Voters were asked in a referendum whether they wanted to extend Switzerland’s racism statutes to sexual orientation, and on Sunday 63.1 percent voted in favor of it. The extension was backed by the government and most of Switzerland’s political parties.

Unlike most countries in Western Europe, Switzerland did not have a law that specifically protects lesbians, gay men and bisexual people from discrimination. Publicly denigrating someone’s sexual orientation, or inciting hatred against someone in public, could not be prosecuted. (Read more from “In Switzerland, You Can Now Go to Jail for Being Publicly Homophobic” HERE)

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Switzerland will hold a referendum to decide whether to ban commercial banks from creating money.

The Swiss federal government confirmed on Thursday that it would hold the plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system.

The campaign – led by the Swiss Sovereign Money movement and known as the Vollgeld initiative – is designed to limit financial speculation by requiring private banks to hold 100pc reserves against their deposits.

“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 . . .

If successful, the sovereign money bill would give the Swiss National Bank a monopoly on physical and electronic money creation, “while the decision concerning how new money is introduced into the economy would reside with the government,” says Vollgeld. (Read more from “Switzerland to Vote on Banning Banks from Creating Money” HERE)

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