Posts tagged 'Bank for International Settlements':


March 21, 2011

Posted by in Financial crisis with no comments

Lest you think that the People’s Republic of China is not involved in seeking to dethrone the US dollar as the world’s reserve currency, Hu Xialoian, Vice-Governor of the People’s bank of China, on Friday said that the currency of the International Monetary Fund (IMF) can serve that purpose instead of the dollar.

This is no surprise as the Governor of the People’s Bank of China called for this “adjustment” in international finance as far back as 2009 Read more »

We Need an Oversight System for the Bank for International Settlements

March 16, 2011

Posted by in Financial crisis with one comment

There needs to be a system of oversight and checks and balances that monitors and corrects (as needed) The Bank for International Settlements, and its subordinate unit called the Financial Stability Board.

These organizations are making decisions behind closed doors that affect the economies of the nations of earth. Read more »

The Financial Crisis Inquiry Commission issued it conclusions last week.

February 8, 2011

Posted by in Financial crisis with 5 comments

 The report covers what the Commission views as causes of the financial crisis. The report is 150 pages long and covers a great deal of material in a great detail. Some of the information is valuable perhaps much of it is valuable. The problem with the report is that it addresses only symptoms. It never truly gets to the actual cause of the financial crisis. Read more »

Is Our Financial Crisis Bigger Than Military Challenges?

February 7, 2011

Posted by in Financial crisis with no comments

There is a Rasmussen poll out which notes that 82% of the American people believe that economic challenges to the United States are a bigger threat than military challenges. Whether or not the public understands all the intricacies the economy, financial crisis or international finance, they do know that something is very wrong – not the least of which is a $1.5 trillion US budget deficit this year alone. Read more »

Financial Crisis: Welcome to Hitler’s Bank

February 4, 2011

Posted by in Financial crisis with 6 comments

The economic holocaust in what is surely the most pejorative acronym in economic history, the PIIGS – Portugal, Ireland, Italy, Greece and Spain – has taken a media back seat to the political wildfire that has engulfed Egypt, and other countries in the Middle East. Read more »

Financial Crisis: A Conspiracy by any Other Name…

December 31, 2010

Posted by in Financial crisis with 3 comments

There are those in whose interest it is to have the word “conspiracy” conjure up an almost cartoonish image of a small group of wicked men meeting in a dimly lit conference room planning out the destruction of the world (or some part thereof ). People who use the word or even hint that there are organized groups of individuals with malicious agendas, operating covertly to carry them out are condescendingly referred to as “conspiracy theorists” by the sycophant media. Read more »

Have Bankers Overthrown the U.S. Government? (Yes)

December 30, 2010

Posted by in Financial crisis with 63 comments

This time it is not the mobile shock troops of Nazi Panzer divisions storming into the countries of Easter Europe, it is a group of pin-striped international bankers operating out of a black glass building in Basel Switzerland. Read more »

Bank for International Settlements’ Infamous Basel Committee

December 28, 2010

Posted by in Financial crisis with no comments

 Much has been made about the enormous bonuses paid to executives of investment banks such as Goldman Sachs. Indeed, I have written on Goldman’s gluttony myself in Crisis by Design The Untold Story Of The Global Financial Coup and elsewhere. Read more »

Financial Crisis and the Financial Stability Board

December 20, 2010

Posted by in Financial crisis with one comment

Readers of Crisis by Design will recall that the “heart of the beast” is the Financial Stability Board, housed in the Bank for International Settlements in Basel, Switzerland and Chaired by the ex-Goldman Sachs executive, Mario Draghi. Read more »

Who’s Going to be Controlling your Retirement?

December 6, 2010

Posted by in Financial crisis with no comments

If I told you that a group of international bankers in a board room in Basel, Switzerland had recently been empowered to create policy that would directly affect your personal retirement income, your shareholder rights, your personal savings, and more, you would likely write me off as a conspiracy wacko. Read more »

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