This Little Piggy Bent The Market
By Grant Williams
October 27, 2014
“Never wrestle with a pig. You both get dirty and the pig likes it.”
“Remember the referendum on the Charlottetown constitutional accord? The more Canada’s political and business elites threatened Canadians that the country would disappear into a black hole if the accord weren’t passed, the more Canadians opposed it.”
When you’re dealing with Switzerland, Mr. Allon, it’s best to keep one thing in mind. Switzerland is not a real country. It’s a business, and it’s run like a business. It’s a business that is constantly in a defensive posture. It’s been that way for seven hundred years.”
Luzi Stamm is a politician; and, as regular readers will know, I am no fan of that particular class.
2. The Swiss National Bank does not have the right to sell its gold reserves.
3. The Swiss National Bank must hold at least 20% of its total assets in gold.
With the establishment being unable to actively campaign AGAINST the Initiative, all has been quiet for many months (which is why you probably haven’t heard anything about the SGI); but with the dawning awareness that this little campaign might actually grow some legs, a few members of that establishment have been getting a little antsy.
This means that the government and parliament cannot touch it. Only another referendum can change it. This is proper democracy for you.
I think most people are wrong.
Don’t bet against them.