The End Of Western Monetary Dominance ???

According to Simon Black, it may happen this weekend depending on how the Swiss vote on whether to return to a gold backed currency:

http://www.sovereignman.com/trends/this-sunday-may-mark-the-end-of-western-monetary-dominance-15646/

I suggest you read what he says and think it over.

Update: The Swiss voted NO, which following Simon Black's argument means the following:

If the Swiss vote NO this weekend, I view that as a major watershed moment in signaling the beginning of the end of Western monetary dominance.

In a related referendum, the Swiss also voted NOT to restrict immigration:

http://deutsche-wirtschafts-nachrichten.de/2014/11/30/schweizer-lehnen-gold-initiative-mit-deutlicher-mehrheit-ab/

[You may have to translate from the original German to read this report.]

So ... that puts the Swiss in the same boat as the US - continue to debase the currency and continue to rely on cheap immigrant labor to maximize corporate profits.

The Swiss have a direct democracy, while the US is a republic (in which oligarchs make the real decisions). Yet somehow both countries will now follow a similar path.

Does that suck, or what?