As Switzerland’s central bank engages in controversial monetary-policy gimmicks to keep the Swiss franc from rising, voters will have an opportunity to start reining in the scheming next month. On November 30, the wealthy Alpine nation — among the last in the world to decouple its currency from gold — will hold a referendum on whether to force the Swiss National Bank (SNB) to hold a fixed portion of its assets in the precious metal. If approved, the implications for Switzerland, gold prices, precious-metals manipulation, and perhaps even the global fiat-currency regime could be enormous, analysts say.
Arkady Rotenberg and other pals of Putin may get reimbursed for any Western sanctions, while less favored oligarchs in the Russian billionaire club are taking a fall.
If Brazil’s latest presidential election offers any indication, the quiet but ongoing socialist conquest of Latin America is likely to continue gathering steam. Former communist terrorist and current President Dilma Rousseff looked set for a tough battle over the weekend, with polls just weeks before the vote showing Socialist Party candidate Marina Silva ahead. Instead, Rousseff, who makes no secret of her ongoing affinity for brutal Marxism-Leninism, will face off against the more market-friendly contender Aecio Neves in a run-off election. No candidate secured the required 50 percent to win outright in the first round.