Global financial system broken-Switzerland confidence crisis
If you needed more evidence that the global capitalistic banking system has run it’s course in the current form look no farther than the golden jewel of the modern finance, Switzerland.
“It’s clear that we have a confidence problem,” Philipp Hildebrand, the Swiss National Bank’s vice president, said. “It is notably the two large banks that are affected.”
Switzerland has always been held in a higher regard in the global finance game, as a place that cash deposits were seen almost “As good as gold”. No longer.
The global financial system that has built the world you see before your eyes when driving down the road is dead.
Is Switzerland the next Iceland?
This weekends headline on the front of the Globe and Mail, “Wanted: A new financial world order”
Wanted by who? The elite bankers or the broke consumer who is going to lose his job. The elite will succeed in sweeping in new more commanding and enslaving banking laws over the ignorant masses.
