Switzerland’s fabled banking depended upon being the repository of ill-gotten wealth, protecting it from looted nations recovering stolen money. It was, in short, a pirate operation. Many nations want to close down these outside-the-box banking systems which are either located in small, mountain kingdoms or very small islands under the umbrella of some greater power like the infamous islands which declare fealty to the Crown of England, not Parliament.
One by one, these looting operations must be shut down. They are a major cause of the present financial collapse. For example, the UK and the US have been heavily impacted by Elizabeth II’s pirate island operations. Taxes have not been paid by the very rich and they have forced the governments of both the US and UK to operate deep in the red. As they evade taxes more and more, the financial situation for the US and UK deteriorates. Both nations, together, owe the bulk of foreign-held government debt bonds. Well over $10 trillion worth.
Germany, in particular, is irritated by Swiss banks. Hitler used Swiss banks to process stolen loot he got by terrorizing the Jews and conquering much of Europe. He never attacked Switzerland because it was most useful for money laundering so Germany could buy important mineral imports.
