Swiss marching powder: Soldiers sent home from Davos for taking cocaine on duty


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Twelve on-duty soldiers meant to ensure peace and security at the World Economic Forum (WEF) in the Swiss alpine resort of Davos have tested positive for cannabis, with five of them also testing positive for cocaine, local media reported.
The soldiers failed the drug test on Tuesday, army spokesman Stefan Hofer confirmed in a message to the Corriere del Ticino daily.They were all in the same Battalion 30 unit which is mostly made up of troops from the southern Swiss cantons of Ticino and Graubunden.

Military police were acting on a tip from within the unit, Hofer told Swiss public broadcaster SRF. The search, conducted by sniffer dogs, also led to the discovery that one of the 4,500 soldiers brought in to ensure security at the forum had as much as 3 grams of cocaine in his possession.

https://www.rt.com/news/329909-swiss-davos-soldiers-cocaine/

World faces wave of epic debt defaults, fears central bank veteran


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“Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for mischief,” he said.

 

“It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something,” he told The Telegraph on the eve of the World Economic Forum in Davos.

 

“The only question is whether we are able to look reality in the eye and face what is coming in an orderly fashion, or whether it will be disorderly. Debt jubilees have been going on for 5,000 years, as far back as the Sumerians.”

http://www.telegraph.co.uk/finance/financetopics/davos/12108569/World-faces-wave-of-epic-debt-defaults-fears-central-bank-veteran.html