“Commodity Money (Swiss Gold Franc) is the Most Effective Way to Curb Government Involvement in the Economy... the EU is a Bad Idea and... an IMF Managed Currency Would Be Tragic”

Daily Bell:  Please tell us about your idea for a gold franc.

Thomas Jacob:  Gladly. The idea is the result of my interest in free market economics and especially my conviction that a commodity money is the most effective way to curb government involvement in the economy. The idea is simply to re-introduce an additional gold-coin currency in Switzerland on the constitutional level.

Daily Bell: Is this similar to the idea of a silver libertad being pursued in Mexico?

Thomas Jacob:  The similarity is that it is a legal parallel currency and a commodity money. The difference is that the Swiss gold franc will be a privately issued money. The government’s role is limited to defining the appearance and the gold content of the coins and to protecting honest business practices.

Daily Bell:  Where are you with your program?

Thomas Jacob:  Dr. Ulrich Schlüer from the biggest party of Switzerland, the SVP [Ed.: Swiss People’s Party aka Democratic Union of the Centre], introduced a parliamentary initiative on March 8 – incidentally, the same day the Utahparliament [legislature] passed their gold law.

At the same time a group of dedicated politicians and economists, including I, have founded the gold franc association to coordinate the activities to help realize the idea on a non-partisan basis.

Daily Bell:  What are the next steps?

MORE HERE