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Just as it says...
By CookinFlat6
#431468
Good to see that they are so flush with the cash they gypped from the jewish victims of the nazis and never gave back, that they are now not bothered about interest rates

guess that worked out better than making cuckoo clocks :yikes:
User avatar
By darwin dali
#431473
Good to see that they are so flush with the cash they gypped from the jewish victims of the nazis and never gave back, that they are now not bothered about interest rates

guess that worked out better than making cuckoo clocks :yikes:

Two historic inaccuracies in your post: the Nazis traded gold and art work stolen from the Jews for cash, so the Swiss gave the Nazis cash.

Cuckoo clocks are not Swiss - they are German (Black Forest region).
By CookinFlat6
#431476
One could argue that thee are no 'Swiss' only Germans (and some English and french and Italians) in the first place, however I concede the second point, but the first, no way. I am talking about the money transferred by those who were later unable to come back to collect on account of been dead, and the Swiss refusing to hand almost all of it over to relatives and descendants.

Thomas Borer, the head of the Swiss task force investigating the matter, accused senator D'Amato of "drawing conclusions before the facts had been established." Borer was referring to the claim that Swiss banks were only able to locate $35.2 million in unclaimed accounts although Jewish groups and the British government believe that it is closer to $7 billion. Borer attacked D'Amato about his releasing documents from the National Archives in a fashion to create "sensationalism." However, D'Amato still claims that "what we seek is the truth."


The discrepenacy is possibly enough to set up any little chocolate making country into an international banking business for life

Holocaust Money in Swiss Banks

The offer of the three Swiss Banks - Union Bank of Switzerland, Swiss Bank Corporation and Credit Suisse to pay $600 million to Holocaust victims is insulting. 90 percent of the money represent interest over a period of over 50 years that the Banks refused to acknowledge that there was any money to return.

In 1934, a year after Hitler's rise to power sent tremors of fear across Europe, the Swiss legislature passed a law guaranteeing anonymity to anyone who transferred his savings to a Swiss bank. Soon deposits were coming in from all over Europe, particularly from Jews who feared the Germans would plunder their savings.

It appears there was a conspiracy between Nazi Germany and Switzerland to lure Jews under cover of confidentiality, to send their money to Swiss banks, who in due course sent the details to Germany. Who thus forced the Jews to part with their savings under torture in the concentration camps and death camps.

Those Jews, who somehow managed to reach the Swiss frontier in order to re-join their assets, were refused entry by the Swiss authorities and were turned over to the German police. We asked Switzerland the Biblical question: Do you murder and also inherit?

What remained in some Swiss banks is just a fraction of the original total.

When after the war, survivors or heirs of depositors came to claim their assets, the bankers invoked the same law of confidentiality to block any payment. They even required death certificates for those who perished in the death camps.

Available records now only cover 10 percent of the deposit account. The bankers claim that the rest of the records were destroyed in the normal course of business.

Moreover, Switzerland received the looted assets of concentration camp victims, and in return gave Germany hard currency to buy war material from Sweden, Spain, Portugal, Argentina and Turkey.

These dealings enabled the Germans to prolong the war for two years.

Once the war was over with the defeat of Germany, it was wrong for the greedy bankers to hold onto deposits made during the Holocaust and the profits earned by dealing with the Germans. Morally and legally, all that money belongs to Germany's victims.

A fair settlement must include the return of all Holocaust deposits, not merely those few for which records have survived.

No settlement can possibly be defended if it allows the Holocaust to stand as a profit making enterprise for the Swiss banks.

NAY, SWITZERLAND MUST PAY DOUBLE FOR ATTEMPTING TO ROB THOSE WHO PUT THEIR TRUST IN THE HONESTY OF THE SWISS BANKING SYSTEM.
By Hammer278
#431477
Everything I've heard about Switzerland while outside and within the country gives me an impression that they're anything but mighty. Sneaky and cunning are much better words. Mind you I'm talking about the authorities (bankers) and rulers of the country, not the citizens or whatever.
User avatar
By darwin dali
#431478
Everything I've heard about Switzerland while outside and within the country gives me an impression that they're anything but mighty. Sneaky and cunning are much better words. Mind you I'm talking about the authorities (bankers) and rulers of the country, not the citizens or whatever.

Mighty is not necessarily a positive quality either, but for their size, they are powerful and influential as seen in the above recent events.
User avatar
By darwin dali
#431480
One could argue that thee are no 'Swiss' only Germans (and some English and french and Italians) in the first place, however I concede the second point, but the first, no way. I am talking about the money transferred by those who were later unable to come back to collect on account of been dead, and the Swiss refusing to hand almost all of it over to relatives and descendants.

Thomas Borer, the head of the Swiss task force investigating the matter, accused senator D'Amato of "drawing conclusions before the facts had been established." Borer was referring to the claim that Swiss banks were only able to locate $35.2 million in unclaimed accounts although Jewish groups and the British government believe that it is closer to $7 billion. Borer attacked D'Amato about his releasing documents from the National Archives in a fashion to create "sensationalism." However, D'Amato still claims that "what we seek is the truth."


The discrepenacy is possibly enough to set up any little chocolate making country into an international banking business for life

Holocaust Money in Swiss Banks

The offer of the three Swiss Banks - Union Bank of Switzerland, Swiss Bank Corporation and Credit Suisse to pay $600 million to Holocaust victims is insulting. 90 percent of the money represent interest over a period of over 50 years that the Banks refused to acknowledge that there was any money to return.

In 1934, a year after Hitler's rise to power sent tremors of fear across Europe, the Swiss legislature passed a law guaranteeing anonymity to anyone who transferred his savings to a Swiss bank. Soon deposits were coming in from all over Europe, particularly from Jews who feared the Germans would plunder their savings.

It appears there was a conspiracy between Nazi Germany and Switzerland to lure Jews under cover of confidentiality, to send their money to Swiss banks, who in due course sent the details to Germany. Who thus forced the Jews to part with their savings under torture in the concentration camps and death camps.

Those Jews, who somehow managed to reach the Swiss frontier in order to re-join their assets, were refused entry by the Swiss authorities and were turned over to the German police. We asked Switzerland the Biblical question: Do you murder and also inherit?

What remained in some Swiss banks is just a fraction of the original total.

When after the war, survivors or heirs of depositors came to claim their assets, the bankers invoked the same law of confidentiality to block any payment. They even required death certificates for those who perished in the death camps.

Available records now only cover 10 percent of the deposit account. The bankers claim that the rest of the records were destroyed in the normal course of business.

Moreover, Switzerland received the looted assets of concentration camp victims, and in return gave Germany hard currency to buy war material from Sweden, Spain, Portugal, Argentina and Turkey.

These dealings enabled the Germans to prolong the war for two years.

Once the war was over with the defeat of Germany, it was wrong for the greedy bankers to hold onto deposits made during the Holocaust and the profits earned by dealing with the Germans. Morally and legally, all that money belongs to Germany's victims.

A fair settlement must include the return of all Holocaust deposits, not merely those few for which records have survived.

No settlement can possibly be defended if it allows the Holocaust to stand as a profit making enterprise for the Swiss banks.

NAY, SWITZERLAND MUST PAY DOUBLE FOR ATTEMPTING TO ROB THOSE WHO PUT THEIR TRUST IN THE HONESTY OF THE SWISS BANKING SYSTEM.

Yup - sorry I misread your first post.
By CookinFlat6
#431481
Everything I've heard about Switzerland while outside and within the country gives me an impression that they're anything but mighty. Sneaky and cunning are much better words. Mind you I'm talking about the authorities (bankers) and rulers of the country, not the citizens or whatever.


did you mean things like this
http://www.nytimes.com/1997/01/26/world/how-swiss-strategy-on-holocaust-fund-unraveled.html

or this

The Sinister Face of Neutrality

Its not the clock and watch making citizens, its the bankers, who are sometimes unfairly said to be the part that makes the country mighty
By Hammer278
#431483
Everything I've heard about Switzerland while outside and within the country gives me an impression that they're anything but mighty. Sneaky and cunning are much better words. Mind you I'm talking about the authorities (bankers) and rulers of the country, not the citizens or whatever.

Mighty is not necessarily a positive quality either, but for their size, they are powerful and influential as seen in the above recent events.


That's true, but with means which I bet they wouldn't be proud to let the rest of the world know....even if it's a badly kept secret nowadays.
By CookinFlat6
#431486
Well we do know that the Swiss bankers built up their whole famous offshore banking system of numbered accounts and secrecy and annonymity on the back of the banking legislation originally introduced to "help" the hapless jews under threat from the nazis in europe. And that system stayed in place through all these years until recently when many other offshore centers copied them and then the Americans drew the line in the sand under the guise of terrorism but really was about curbing tax evasion and capital flight.

So if that is what makes Switzerland great then its not really mighty or astonishing that a small country can have such a powerful financial system. Anyone else could have done this given the opportunity and the cynicism

And now with quantitative easing about to push its (our) luck for the 4th and maybe final time, this is a perfect time for the Swiss to hand something back and try not to rock the boat by allowing its interest rates free passage to go negative (yup, look at Japan 20 years ago) thereby maybe creating the straw that will break the camels back.

ofcourse they cant be expected to fight speculators for ever but up till now no speculators would dare face them, and now they are literally saying 'we dont care, we wont resist'

Not good at all
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