[David Merrill]

Originally Posted by andrewmitch

thanks for the audio file, David. but i think that was about a specific bank - UBS - and may not pertain to all Swiss banks????

Good catch! - My presumption that USB is akin to the US central bank - the Federal Reserve.

http://www.ubs.com/

http://www.snb.ch/

I cannot deny that was behind my post about USB, as an example of a large Swiss bank anyway. My point about the first formal run being in Britain but originating in America's subprime mortgage crisis was basically that even Swiss banks are effected... (listen to the older attachment).

Thank you for pointing out how I have even bracketed the average American household as a privately accessed Fed reserve bank (private credit). And how a home foreclosure is a bank run on the credit of the homeowner. It gets me pondering on the international nature of the central bank - and I mean as one private international cartel too.

But I do not want to divert the thread. This is very interesting and it would be nice to find a safe place for keeping money. I suppose the opening post is really to be contemplated in that assumption the Swiss franc is based in gold? So is the US dollar when you look at the footnotes - the international holdings earmarked at $42.22/ounce. That is the secret Jamaica Rambouillet Accord in action after amending the Bretton Woods Agreements in the mid-'70s.

http://www.federalreserve.gov/releas...1207assets.htm
http://www.federalreserve.gov/releas...0108assets.htm

And so I am suspicious that Switzerland also went to SDRs and so recently as to coincide with this innovation that now the IRS can make seizures there too. That would make sense. China did in 2005 - went to SDRs and it was cleverly worded too:

https://www.cia.gov/library/publicat...k/geos/ch.html


After keeping its currency tightly linked to the US dollar for years, China in July 2005 revalued its currency by 2.1% against the US dollar and moved to an exchange rate system that references a basket of currencies. Cumulative appreciation of the renminbi against the US...

I suppose the order of jumping on that wagon is gauged heavily on the position in debt ranking... US at the bottom; China at the top:

https://www.cia.gov/library/publicat.../2187rank.html

Switzerland is only down in position "6". So of two hundred nations, that says the central bank of Switzerland went to SDRs since Y2K. I could look at the assets report to their "Congress" whatever they call it there - maybe confirm a UN's IMF Fund contribution. Then I would look at the charts for gold and find when that amount earmarked was Spot - betcha that is when Switzerland went UN.




Regards,

David Merrill.