CFA Switzerland here - thanks for picking this up!

I'd like to correct some important factual inaccuracies first: 1) the popular referendum required by the initiative for a partial revision of the Swiss Constitution (that's what's happening technically) will almost certainly not be happening this year. The Federal Council and Parliament will first have to determine their recommendation and whether there will be a counter-proposal. The usual duration of this procedure is up to 3 years from the initiative's successful inauguration.
2) Vollgeldinitiative does not propose the same changes as would be foreseen by the Chicago Plan. According to the initiators (HT @vollgeldreform), the correct terminology in English would be positive money. The refer to a differential analysis here (http://positivemoney.org/?p=13581) and for German readers here (http://goo.gl/Ls7AqQ).

Jason, you're referring to Iceland and Switzerland as "nearly opposite countries". I'm guessing you're referring to a simplistic left-right scheme. However, both countries are quite small and have a political constitution that values direct popular involvement rather than political representation through elected institutions very highly. This is the reason why proposals that are not aligned with the established consensus of political elites have a real chance of actually passing, as we have discovered on multiple recent occasions in Switzerland. While sometimes disruptive and certainly uncomfortable for the powers-that-be, it's not the worst system, as it keeps the political sector grounded (i.e. shoots them down occasionally).

I am looking forward to this debate very much!