Basel, Switzerland. By emperorcosar @ Shutterstock.com
UPDATE 12.15.2020: With America’s debt load soaring, the risk to the dollar today is perhaps greater than ever.
Originally posted on July 30, 2020.
The Fed has created a disastrous asset bubble that will extend for years.
Read my series on Ron Paul to gain the full flavor for what is transpiring.
I devoted a large section of my 1987 book to inflation, gold, and Switzerland. Through the decades, I have been a big investor in both Swiss assets and gold.
In the month of August, 100% of my personal investing will be in Swiss Franc-denominated assets.
The Swiss Way
I have written in the past of the Swiss Confederation and its weak central government form (the presidency is a ceremonial office and rotates). The office has no powers above the other six members of the Swiss Federal Council. The entire Federal Council is considered a collective head of state. Switzerland is a neutral country with a low crime rate and a powerful national defense system. Instead of fielding a large standing army, Switzerland requires every man to undergo military training for a few days or weeks a year throughout most of his life. Each man is required to keep his assigned automatic rifle at home at the ready. The Swiss are powerful believers in individual liberty and freedom. They believe that there is no need for a higher legal authority to check people’s initiatives. In fact, federal court in Switzerland is not allowed to rule on any constitutional matter at the national level. The Swiss are all about keeping things at the cantonal level. Keep it local is the key in Switzerland.
There is a lot to learn for Americans from “the Swiss way.” Switzerland’s model is precisely the weak form of central government intended by our Founders. The best outline of what a constitutionally strong form of federal republic looks like is Ron Paul’s Liberty Defined. The chapter on “Empire” alone will amaze you.
Read more about The Swiss Way here.