Sunday, December 9, 2012

Rethinking Money

Jacqui Dunne: Rethinking Money

Opinions abound as to why Switzerland enjoys such apparent economic strength. Many suppose that it's because the country was neutral in the Second World War and didn't have to suffer the economic and social consequences. Or whimsically, that it has something to do with some magical ingredient in their Alpine drinking water.
The truth of the situation is far more compelling. A major contributor to Switzerland's buoyancy is a business-to-business currency and the banking institution behind it. The story of this success has its initiation during the bleak days of the Depression.

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