a privilege to create money and therefore profits out of nothing this privilege has been in the hands of the financial industry for a long time and didn't recent years it's been unchecked is that really such a good idea for us and for us. the big banks in particular have massively increased the money deluge in this way as a way of imposing more controls on the financial system again private banks could be deprived of the privilege of printing money developed and sound ready underfoot in switzerland. and cyrix is a popular location with banks there's an initiative here that advocates reigning in the swiss banks in future it says only the national bank should be allowed to create money not private banks anymore the initiative is fighting for pulling back money and an end to the privilege of big banks to generate an eck tronic money at