I don’t know nearly enough about international law and banking regulations to offer any real intelligent commentary about this. Perhaps someone who does know a little bit about these things could enlighten me as to how American courts have any jurisdiction over a bank that does not have any physical presence within the U.S.
But putting that aside, the message is clear. If you are an American, your money is not safe from the greedy paws of the looters. Not here, not offshore, and certainly not in Switzerland. After centuries of banking independence, they have officially sold out to the globalized statists.
Bitcoin is looking better and better every day.