KOALITION FÖR PENNINGREFORM

februari 17, 2010

Patrick Carmack om BIS

Filed under: Uncategorized — standelion @ 10:30
The Central bankers’ Bank for International Settlements (BIS) in 1988 in the “Basel I” regulations imposed an 8% capital reserve standard on member central banks. This almost immediately threw Japan into a 15 year economic depression. In 2004 Basel II imposed “mark to the market” capital valuation standards that required international banks to revalue their reserves according to changing market valuations (such as falling home or stock prices). The US implemented those standards in November, 2007. In December 2007 the US stock market collapsed and credit began drying up as banks withheld loans to comply with the 8% capital requirement as collateral valuations began to drop. The snowball effect of tightening credit, which reduces economic activity and values further, which resulted in further tightening of credit, etc., has produced a worldwide depression which is worsening.

Those capital standards have not been relaxed despite the crushing effects on the world economy* the credit contraction it requires has caused. Why? Because:
“The purpose of this financial crisis is to take down the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority [GMA – run directly by international bankers freed of any government control] -a planetary financial control organization”- Bruce Wiseman

themoneymasters.com

Det finns nog all anledning att ta dessa farhågor på allvar med tanke på att man hör betjänterna (t.ex. Reinfelt, van Rompuy) som tillsatts av dessa banksters uttala sig om globalt styre.

bigbadbank.com

2 kommentarer »

  1. See This page

    Patrick Carmack om BIS | KOALITION FÖR PENNINGREFORM

    Trackback av See This page — augusti 11, 2014 @ 05:45 | Svara

  2. sneak a peek here

    Patrick Carmack om BIS | KOALITION FÖR PENNINGREFORM

    Trackback av sneak a peek here — augusti 17, 2014 @ 21:11 | Svara


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