Switzerland About To Start Collecting Data To Calculate Sanctions Impact

The Swiss government is to start collecting data from companies trading in commodities as the Ukraine conflict underscores the importance of the sector for both domestic and foreign policy, the Federal Council said in a statement released Wednesday. Switzerland currently has no official data on the contribution of the commodities trade to the country's GDP or goods traded by locally-based companies.

Over the next three years, the state statistics office will request information from about 400 companies, the statement said.

The move comes as Switzerland is juggling the implementation of Western sanctions against Russian resources with its status as a major hub for trading the country’s energy, grains and metals and a history of neutrality in international conflicts. Switzerland accounts for more than a third of global crude oil trade, more than two-thirds of metals trade and more than 35% of global agricultural trade, according to research, the report said.

Wait ... They did not calculate the impact before imposing sanctions. Now they want to know. In three years.

 

 

 Switzerland imported more than 14 tons of gold from Russia during October 2023 for processing, taking advantage of the fact that it was shipped through third countries, and thus did not violate Western sanctions, the latest data from the Swiss Federal Council has revealed. In October, the Alpine country’s gold imports totaled CHF776 million ($879 million), of which $875.7 million worth of the gold originated from Russia and was delivered through the UK and Moldova, data showed.

 

Hungarian Prime Minister Viktor Orbán (Nov 22, 2023) - » Europe has lost its capacity for self-determination. « Speech and talk on being a soccer player and a politician; on Ukraine and the West a.k.a. NATOstan loosing the war; on sovereignty and national interests of Hungary as a member of the European Union;  on how Hungary stopped illegal migration;  on the decline and demise of the European Union - in Zurich, Switzerland.

The BIS — The Apex Of The System | Carroll Quigley

The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.

 

  The three principal bimonthly meetings are the Global Economy Meeting, 

the Economic Consultative Committee and the All Governors' Meeting.

[...] It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers (also called ‘international’ or ‘merchant’ bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks.  

 

This dominance of investment bankers was based on their control over the flows of credit and investment funds in their own countries and throughout the world. They could dominate the financial and industrial systems of their own countries by their influence over the flow of current funds though bank loans, the discount rate, and the re-discounting of commercial debts; they could dominate governments by their own control over current government loans and the play of the international exchanges. Almost all of this power was exercised by the personal influence and prestige of men who had demonstrated their ability in the past to bring off successful financial coupes, to keep their word, to remain cool in a crisis, and to share their winning opportunities with their associates.

Quoted from:
Carroll Quigley (1966) - Tragedy and Hope: A History of the World in Our Time.

First Edition, Macmillan & Co Ltd, New York.