Well this phenomenon is spreading from Australia to Switzerland and even in the US
ofA (Chase Bank).
It is undoubtedly a huge red flag when in one of the countries considered to be a member of the “highest economic freedom in the world” club, commercial banks are suddenly refusing their customers access to their cash. This money doesn’t belong to the banks, and it doesn’t belong to the central bank either.
If this can happen in prosperous Switzerland, based on some nebulous notion of the “collective good”, which its unelected central planners can arbitrarily determine and base decisions upon, it can probably happen anywhere. Consider yourself warned. As the modern day fiat money system inevitably cruises toward its final denouement, individual rights will come increasingly under attack as the world’s ruling elites and centrally directed banking cartels begin to batten down the hatches.
Better continue stacking, and keep a pile of this within grabbing distance – after all, it can be purchased at a generous discount these days:
The "War On Cash" Migrates To Switzerland by Tyler Durden
Remember as QEing is making your saving's/retirement less and less valuable. Now the government will restrict your availability to your cash.
May I be so bold to suggest:
> Have one months worth of cash on hand. I know...I know
> Invest in hard assets like, guns, ammo, tractor, washing machines, etc.
> If you can afford it (Not for everybody) buy PM's. I am doing 1/3 gold to 2/3 silver.
> If you can swing a 20% down and mortgage the rest; buy some farm-able land. They ain't making any new land.
Not to sound too
how long will cash remain king?
