BANK FOR INTERNATIONAL SETTLEMENTS

EU CALLS FOR WORLD GOVERNMENT
http://www.youtube.com/watch?v=a7D21rPpBrk&eurl=http%3A%2F%2Feuro%2Dmed%2Edk%2F%3Fp%3D1277&feature=player_embedded
http://www.youtube.com/watch?v=wFs99zBTRO0&feature=related
http://www.youtube.com/watch?v=kTfv6uOHgqQ&feature=related
http://www.youtube.com/watch?v=QVeMBNB0cII&feature=related
http://video.google.com/videoplay?docid=-4291770489472554607&ei=iaRTSrzHAoqUqQL1gMGqDw&q=EU&hl=en
http://www.youtube.com/watch?v=QVeMBNB0cII&feature=player_embedded
http://www.youtube.com/watch?v=aVmtbLc4t6M&eurl=http%3A%2F%2Feuro%2Dmed%2Edk%2F%3Fp%3D1277&feature=player_embedded
http://www.youtube.com/watch?v=Uv5cqh26CC0&eurl=http%3A%2F%2Feuro%2Dmed%2Edk%2F%3Fp%3D1277&feature=player_embedded
EXCELLENT EU REVIEW - WORLD REGIONS,GLOBAL CURRENCY
http://exposureroom.com/members/cybersilence.aspx/assets/d37a8ebc60694cc98173b8f32cfe898d/
EU-NEW SOVIET UNION
http://www.youtube.com/watch?v=bM2Ql3wOGcU&feature=player_embedded
http://www.youtube.com/watch?v=l6Cj1b-rp1E&feature=player_embedded
WORLD GOVERNMENT UNDER TREATYS-INTERNATIONAL LAW
http://en.wikipedia.org/wiki/World_government
TRANSATLANTIC POLICY
http://www.tpnonline.org/
EU COUNCIL
http://video.consilium.europa.eu/index.php?pl=3&sessionno=2579&lang=EN
SHADOW GOVERNMENT-DICTATORSHIP-THE MOVIE-GRANT JEFFREY)
http://www.youtube.com/watch?v=u1cYlU9NJTI&feature=related
http://www.youtube.com/watch?v=t91_ZwZX_8A&feature=related
http://www.youtube.com/watch?v=_6rUHRl-r6I&feature=related
http://www.youtube.com/watch?v=xEpM8MfVeks&feature=related
http://www.youtube.com/watch?v=LGdX-qRr-9I&feature=related
http://www.youtube.com/watch?v=8AnpcS4qqRc&feature=related
http://www.youtube.com/watch?v=2k-QGtvL6s8&feature=related
http://www.youtube.com/watch?v=M8Ec6-6HSsc&feature=related
http://www.youtube.com/watch?v=pq7N00wCoP8&feature=related

JOAN VEON ON TAMAR YONAH 2008 (WORLD GOVERNMENT)
http://britanniaradio.blogspot.com/2009/07/we-are-already-under-global-government.html#links
GEORGE HUNT-WORLD BANK ,RELIGION&RULERS
http://www.youtube.com/watch?v=8OvpjRglW9U&feature=related
http://www.youtube.com/watch?v=lFnxNowaaIU&feature=related
http://www.youtube.com/watch?v=584x0zkmHgw&feature=related
http://www.youtube.com/watch?v=zsZvQcZ9Mu4&feature=related
http://www.youtube.com/watch?v=hGl3DHrVMFY&feature=related
http://www.youtube.com/watch?v=Kg90X7OkEsU&feature=related
INSIDE VIEW OF INTERNATIONAL BANKERS
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=36666041
UNDERSTANDING WORLD GOVERNMENT
http://www.womensgroup.org/
http://video.google.com/videoplay?docid=504526035342184251
HISTORY OF WAR AND THE FEDERAL RESERVE
http://video.google.com/videoplay?docid=1874212534444628577&hl=en

WORLD GOVERNMENT
http://www.youtube.com/watch?v=nnq5cQMiAB8&feature=related
http://britanniaradio.blogspot.com/2009/07/we-are-already-under-global-government.html#links
DICK MORRIS-This truly creates a global economic system. From now on, don’t look to Washington for the rule making, look to Brussels.

EPHESIANS 6:10-13
10 Finally, my brethren, be strong in the Lord, and in the power of his might.
11 Put on the whole armour of God, that ye may be able to stand against the wiles of the devil.
12 For we wrestle not against flesh and blood, but against principalities,(DEMONIC ANGELS IN HIGH PLACES) against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.(SPIRTIUAL DEMONIC PERSONS)
13 Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand.

LUKE 4:5-7(BECAUSE SATAN OFFERS WORLD POWER, WORLD ORDERERS HAVE ACCEPTED SATANS GIFT)
5 And the devil, taking him (JESUS) up into an high mountain, shewed unto him all the kingdoms of the world in a moment of time.
6 And the devil said unto him, All this power will I give thee, and the glory of them: for that is delivered unto me; and to whomsoever I will I give it.
7 If thou therefore wilt worship me, all shall be thine.

DANIEL 7:23-25
23 Thus he said, The fourth beast shall be the fourth kingdom upon earth, which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.
24 And the ten horns out of this kingdom are ten kings that shall arise: and another shall rise after them; and he shall be diverse from the first, and he shall subdue three kings.
25 And he shall speak great words against the most High, and shall wear out the saints of the most High, and think to change times and laws: and they shall be given into his hand until a time and times and the dividing of time.

DANIEL 12:4,1
4 But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.
1 And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book.

REVELATION 13:1-3,7,8,12,16-18
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.
3 And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.
7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.
12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.
16 And he causeth all,(WORLD SOCIALISM) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

REVELATION 17:3,7,9-10,12,18
3 So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
7 And the angel said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the woman, and of the beast that carrieth her, which hath the seven heads and ten horns.
9 And here is the mind which hath wisdom. The seven heads are seven mountains, on which the woman sitteth.
10 And there are seven kings: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space.
12 And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
18 And the woman which thou sawest is that great city, which reigneth over the kings of the earth.

We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.James Paul Warburg appearing before the Senate on 7th February 1950

Like a famous WWII Belgian General,Paul Henry Spock said in 1957:We need no commission, we have already too many. What we need is a man who is great enough to be able to keep all the people in subjection to himself and to lift us out of the economic bog into which we threaten to sink. Send us such a man. Be he a god or a devil, we will accept him.And today, sadly, the world is indeed ready for such a man.

GLOBAL POLITICAL AWAKENING
http://www.globalresearch.ca/index.php?context=va&aid=19873
REVELOUTION AND REPRESSION IN AMERICA
http://globalresearch.ca/index.php?context=va&aid=19951
New Eugenics and the Rise of the Global Scientific Dictatorship
http://www.infowars.com/new-eugenics-and-the-rise-of-the-global-scientific-dictatorship/

BANK FOR INTERNATIONAL SETTLEMENTS PAPER 17 REGIONAL AREAS OF THE WORLD AND CURRENCIES
http://www.bis.org/publ/bppdf/bispap17.pdf
BANK FOR INTERNATIONAL SETTLEMENTS SITE
http://www.bis.org/
G-10 PRESS RELEASES FROM BANK FOR INTERNATIONAL SETTLEMENTS
http://www.bis.org/list/press_releases/said_12/index.htm
BIS ANNUAL REPORTS
http://www.bis.org/list/press_releases/said_10/index.htm
CENTRAL BANKERS SPEECHES
http://www.bis.org/list/cbspeeches/index.htm

BANK OF INTERNATIONAL SETTLEMENTS-NEW WORLD ORDER-JULY 10,10 HOURS 1 & 2
http://www.olivetreeviews.org/radio/mp3/

THE BANK FOR INTERNATIONAL SETTLEMENTS IS THE CENTRAL BANK OF THE WORLD THAT LENDS ONLY TO CENTRAL BANKERS AROUND THE GLOBE.THE IMF LENDS TO THE COUNTRIES BANKS OF THE WORLD.BETWEEN THIS BANK AND THE IMF I BELIEVE WILL BE THE BANKS OF THE WORLD.THE IMF THE WORLD BANK AND THE POLICEMAN OF THE IMF THE BANK FOR INTERNATIONAL SETTLEMENTS WHERE WE PAY OUT CAP & TRADE,CLIMATE,ENERGY SCAM TAXES TOO TO PAY FOR THE WORLD GOVERNMENT.THE GLOBAL CURRENCY WILL BE THE SDRS OR SPECIAL DRAWING RIGHTS UNTILL THE EU INVENTS THE WORLD MICROCHIP IMPLANT SYSTEM THEN THE EU WILL MAKE ALL TAKE THE IMPLANT OR BE MURDERED.

Secret gold swap has spooked the market-It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion By Rowena Mason 6:10PM BST 11Jul 2010

Secret gold swap has spooked the market Photo: EDDIE MULHOLLAND The news that a mystery bank has just pawned the family jewels gave traders a jolt – nervous about the sudden transfer of almost 20pc of the world's annual gold production and the possibility of a sell-off.In a tiny footnote in its annual report, the bank disclosed its unusually large holding of gold, compared with nothing the year before. The disclosure was a large factor in the correction of the gold price this week, which fell below $1,200 for the first time in more than a month.

Copper miner Antofagasta plans to increase production despite profits taking a beatingConcerns hinged on whether the BIS could potentially sell on this vast cache of bullion in the event of a default, flooding the market with liquidity. It appears to have raised $14bn for whoever's been doing the swapping – small fry on the currency markets, but serious liquidity in the gold market.Denominated in euros, gold has fallen 8pc since the beginning of the month and is now trading at a seven-week low of €937 per troy ounce. The big gold exchange traded funds (ETFs) – having peaked at record inflows in May – have also been showing net outflows over the past few days.Meanwhile, economists and gold market-watchers were determined to hunt down which bank is short of cash – curious about who is using their stash of precious metal for what looks suspiciously like a secret bailout.At first it looked like the BIS was swapping gold with a troubled central bank. After all, the institution is the central bankers' bank and its purpose to conduct transactions with national monetary authorities.Central banks in the troubled southern zone of Europe were considered the most likely perpetrators.According to the World Gold Council, central banks in Greece, Spain and Portugal held 112.2, 281.6 and 382.5 tons of gold respectively in June – leading analysts to point fingers at Portugal, or a combination of the three.

But Edel Tully, an analyst from UBS, noted that eurozone central banks would be severely limited with what they could do with the influx of extra cash – unable to transfer it straight to governments or make use of the primary bond markets. She then listed the only other potential monetary authorities with enough gold as the US, China, Switzerland, Japan, Russia, India and Taiwan – and the International Monetary Fund.This led to musings that the counterparty was the IMF, making sense because the lender of last resort is historically prone to cash shortages and has been quietly selling off gold in the first half of the year.Renowned gold expert Jim Sinclair adopted this explanation. The panic came when people mistook a lease for a swap, he argues. Far from being a big release of gold into the market, it is simply a commercial arrangement between the IMF and BIS with a favourable rate of interest paid for the foreign currency.Gold swaps are usually undertaken by monetary authorities,he writes on his industry blog, MineSet. The gold is exchanged for foreign exchange deposits with an agreement that the transaction be unwound at a future time at an agreed price. The IMF will pay interest on the foreign exchange received. Historically swaps occur when entities like the IMF have a need for foreign exchange, but do not wish to sell the gold. In this case, gold is a leveraging device for needed currency to meet requirements.The many reports that characterise the large IMF gold swap as a sale of gold into the markets do not understand the difference between a swap and a lease.However, the day after original reports about the swaps, BIS emailed a statement saying that the swaps had not been conducted with monetary authorities but purely with commercial banks.

This did nothing to quell the sense of mystery surrounding the deal or deals. It is almost inconceivable that a single commercial bank could have accumulated so much gold alone. And cynics have suggested that the whole affair still looks like a secretive European bailout that a single country wants to keep quiet. In this case, one or more of the so-called bullion banks – which act as wholesale market-makers and include Goldman Sachs, Deutsche Bank, JP Morgan, HSBC, Barclays, UBS, Societe Generale, Mitsui and the Bank of Nova Scotia – would have agreed to act on behalf of a monetary authority.This would add an extra layer of anonymity. So the BIS swaps look like a tripartite transaction,writes Adrian Douglas of the Gold Anti-Trust Association.The commercial bank or banks made a swap with a central bank or banks and then the commercial bank or banks made a swap with the BIS.Analysts for Commerzbank note that in the meantime, The price of gold is tending weaker at present.

Baltic Dry Index still falling

The Baltic Dry Index, a measure of commodity shipping costs, has fallen for the longest period in nine years, due to lower volumes of iron ore being shipped to China.Surplus steel means manufacturers are relying on stockpiles, rather than shipping in iron ore from abroad. The index of freight rates on international trade routes fell 38 points, or 2pc, to 1,902 points on Friday in its 31st straight decline. Charter rates for all types of ships fell.

Buyers angry at excessive cocoa speculation

European cocoa buyers are so concerned about potential speculation in the market that they have written to the London commodities exchange threatening to move their trade to America.Talks between industry participants and Liffe, the London exchange operator, will take place this week, following concerns about the price spike in June. Futures hit a 32-year high, amid lower production due to diseased crops in Africa and higher demand.Those who signed the letter claim there has been excessive speculation by hedge funds and want greater transparency about who is buying what and how much.

Chronicle of currency collapses: re-examining the effects on output
by Matthieu Bussière, Sweta C Saxena and Camilo Tovar
Working Papers No 314 July 2010
http://www.bis.org/publ/work314.pdf?noframes=1 (FULL TEXT)

Abstract:

The impact of currency collapses (ie large nominal depreciations or devaluations) on real output remains unsettled in the empirical macroeconomic literature. This paper provides new empirical evidence on this relationship using a dataset for 108 emerging and developing economies for the period 1960-2006. We provide estimates of how these episodes affect growth and output trend. Our main finding is that currency collapses are associated with a permanent output loss relative to trend, which is estimated to range between 2% and 6% of GDP. However, we show that such losses tend to materialise before the drop in the value of the currency, which suggests that the costs of a currency crash largely stem from the factors leading to it. Taken on its own (ie ceteris paribus) we find that currency collapses tend to have a positive effect on output. More generally, we also find that the likelihood of a positive growth rate in the year of the collapse is over two times more likely than a contraction; and that positive growth rates in the years that follow such episodes are the norm. Finally, we show that the persistence of the crash matters, ie one-time events induce exchange rate and output dynamics that differ from consecutive episodes.

JEL Classification: E32, F31, F41, F43

Mark Carney appointed Chairman of the Committee on the Global Financial System 29 June 2010

At their meeting in Basel this weekend, the central bank Governors of the Global Economy Meeting (GEM) 1 appointed Mark Carney as Chairman of the Committee on the Global Financial System (CGFS). Mr Carney is Governor of the Bank of Canada.Mr Carney's appointment as Chairman of the CGFS is for a term of three years starting on 1 July 2010. He succeeds Donald L Kohn, who has been CGFS Chairman since July 2006 and is retiring as Vice Chairman of the Board of Governors of the Federal Reserve System.Mark Carney has been Governor of the Bank of Canada since February 2008. After 13 years in the private sector, he was appointed Deputy Governor of the Bank of Canada in 2003, and then served as Senior Associate Deputy Minister of Finance from 2004 until his appointment as Governor of the Bank. Mr Carney has a doctorate in economics from Oxford University.The CGFS is a central bank forum for monitoring and examining broad issues relating to financial markets and systems, with a view to elaborating policy recommendations to support central banks in the fulfilment of their responsibilities for monetary and financial stability. Further information about the CGFS may be found on the BIS website at www.bis.org/cgfs/index.htm

1 The members of the GEM consist of Governors from 30 BIS shareholding central banks: the central bank Governors of Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, the Netherlands, Poland, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom and the United States and also the President of the European Central Bank and the President of the Federal Reserve Bank of New York.

Dollar Devaluation and Destruction of America Pick Up Steam Kurt Nimmo
Infowars.com July 11, 2010

Back in January Lindsey Williams’ insider sources told him the dollar will be devalued within a year. In response, oil and food prices will rise significantly and the elite and banksters will move assets into gold and silver.The United Nations says the dollar must be replaced as the world’s reserve currency.On Friday Fortune reported that central banks are now abandoning the dollar as the world’s reserve currency. Morgan Stanley says the dollar is rapidly losing its status. We already knew that central banks have preferred gold to dollars,writes Fortune, but it now seems that those central banks prefer almost anything to dollars.Both the United Nations and the IMF urge dumping the dollar as the world’s reserve currency. Last year, both China and Russia questioned why the dollar should hold this status.The dollar is unsafe because of the U.S. national debt. Over the last few years bankster grocery clerks in Congress and the White House have managed run up an astronomical debt and this has destroyed the dollar. As Fortune notes, two weeks ago America’s debt went up to $166 billion in a single day, a single day run-up greater than the entire U.S. annual deficit in 2007.Fortune, of course, blames the American people for all of this, not the banksters and their buddies in the district of criminals. Americans, the world’s consumers, continue much of the behavior that helped the U.S savings rate drop so low, writes Heidi N. Moore.Savings? Since the creation of the Federal Reserve in 1913, the dollar has lost 96% of its purchasing power. In other words, $100 today buys only 4% of the amount of good or services that it would have in 1913. On January 1, 1914, the Consumer Price Index was 10.0. The CPI was 30.9 in 1964 and last year it was 211.1.

This means that prices have risen 683% since 1964. The only problem is that your wages have not risen at the same rate, even using the government manipulated CPI. Using a true CPI figure, average weekly earnings are 64% below what they were in 1964. This explains why a family of five could live well with one parent working in 1964, but even with both parents working and using debt in prodigious amounts, the average family does not live as well today,writes Jim Quinn.Dollar devaluation is directly related to the size of the national debt. Currency loses it value when government is unable to pay off its debt. The amount of debt owed by the U.S. government to the banksters is unpayable. If all money owned by all American banks, businesses and individuals was rounded up and sent to the government, there would not be enough to pay off the national debt. It is mathematically impossible to pay it off.The government tells us the national debt is somewhere around $12.8 trillion. As shocking as that massive number is, however, it is just a fantasy — a tiny fraction of the gargantuan amount our government really owes, writes Lorimer Wilson.In addition to that official $12.8 trillion national debt, Washington has written $108 trillion in off-budget, unfunded IOUs on Social Security, Medicare, Medicaid, its prescription drug program, its veterans benefits programs and its Federal pension programs that must also be paid.Dollar devaluation is a natural response — in an unnatural fiat money system — to government debt.Take the case of Argentina. In 2001, the Argentine peso was pegged to the U.S. dollar. Argentina, however, was unable to pay its debt in early 2002 and the peso was devalued. The result was rampant unemployment and poverty. The regime of Domingo Cavallo imposed austerity on the people (as the IMF insisted it do) and this resulted in a general strike and a state of siege against the people by the government.In February the credit ratings agency Moody’s Investor Service warned that the U.S. is at risk of losing its AAA credit rating. The US government may be forced to devalue the dollar if … investment rating agencies (Fitch, Moody’s, Standard & Poor’s) down-rate the value of US Treasury bonds as they should, writes author Bill Sardi. Government cannot meet all its obligations and promises by raising taxes on the wealthy. Its only option now is to officially devalue the dollar, probably by 30%.

In 2008, as the engineered global financial crisis was beginning to pick up steam, trend forecaster Gerald Celente said that the dollar would eventually be devalued by as much as 90 per cent. Celente’s track record is impeccable. He successfully predicted the 1997 Asian Currency Crisis and the subprime mortgage collapse. The consequence of what we have seen unfold this year would lead to a lowering in living standards,notes Celente’s blog, Trends & Forecasts.Trend forecaster Gerald Celente predicts dollar devaluation.None of this is a mistake. The euro is following the dollar down the tubes. The IMF and the United Nations suggest replacing these currencies with special drawing rights (SDRs), an international reserve asset that is used as a unit of payment on IMF loans and is made up of a basket of currencies. A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency, a United Nations report states.During the G20 confab in 2009 plans were announced for implementing the creation of a new global currency. There is now a world currency in waiting, a communiqué released by the G20 stated. The creation of a Financial Stability Board looks like the first step towards a global financial regulator and thus a world bank as a component of one-world government.In 2008 Obama’s Treasury Secretary Timothy Geithner said after attending a Bilderberg meeting that the Federal Reserve should play a central role in a new global banking regulatory framework. The banksters are diligently putting all their pieces into place.Ultimately, what this implies is that the future of the global political economy is one of increasing moves toward a global system of governance, or a world government, with a world central bank and global currency,writes Andrew Gavin Marshall, and that, concurrently, these developments are likely to materialize in the face of and as a result of a decline in democracy around the world, and thus, a rise in authoritarianism. What we are witnessing is the creation of a New World Order, composed of a totalitarian global government structure.Marshall notes that the very concept of a global currency and global central bank is authoritarian and removes any vestiges of oversight and accountability away from the people toward a small, increasingly interconnected group of international elites.

Marshall cites Carroll Quigley: [T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.In order for this long sought after agenda to be successful America and its currency must be destroyed. As noted by Fortune, central banks around the world are now picking up the pace in the abandonment of the U.S. dollar as the world’s reserve currency. It is part of the plan and so is the destruction of America’s middle class now underway.
http://www.youtube.com/watch?v=hgpDD_5sa8A&feature=player_embedded
http://www.youtube.com/watch?v=P-S3hjsYW7g&feature=player_embedded

BRANNON HOUSE ON THE BANK FOR INTERNATIONAL SETTLEMENTS
http://worldviewweekend.com/worldview-tube/video.php?videoid=4391

THE EU WILL CONTROL THE ECONOMIES OF THE WORLD THE BIBLE SAYS.THE BANK FOR INTERNATIONAL SETTLEMENTS WANT THE WORLD INTO WORLD REGIONAL TRADE BLOCS COUNTROLLED BY THEM AND THE IMF.

European Central Bank Boss, Trichet, to CFR: Rothschild gave, and Rothschild Hath Taken Away; Blessed be the Global Governance by Rotschild´s Banks Posted by Anders under English, Euromed
http://euro-med.dk/?p=15289

Summary: The head of the European Central Bank, Jean-Claude Trichet, has given a speech on global governance/world government of fiscal matters to the invisible US government, the Council on Foreign Relations (CFR), who gives Hillary Clinton her orders about her policies. The reason is the global financial/economic crisis created by Wall Street banking circles behind the CFR, the Fed and the CFR Bill Clinton. Unabashingly, Mr. Trichet tells that the reason for the crisis is that the financial supervisory authorities of the nation states failed. Therefore, he says, it is so good that a Financial Stability Board (FSB) is being created, the members of which include the G20, which he says have taken over world government in both crisis and normal times. Europe has introduced the European Systemic Risk Board (ESRB). Moreover, he speaks about Rothschild´s central banks and Rothschild´s BIS, the most powerful, most corrupt and undemocratic bank, the world has seen, the central bank of central banks, together with its twin brother, the IMF, as our saviours in the ongoing crisis! In particular, we must be grateful to the Global Economy Meeting (GEM) of governors of the central banks within the BIS framework, which Mr. Trichet chairs! Oddly, all these oversight bodies are more or less the same Rothschild people who connived at the frauds in the form of subprime loans and other fancy products, the banks sold - which led to the current crisis. Now the G20 is implementing the IMF proposal on the Mutual Assessment Process (MAP) to monitor national economies instead of fraudulent banking networks. However, to keep up appearances, the EU is introducing three new European regulatory bodies for banking, insurance and securities - on a proposal by former IMF boss, Jacques de Larosière - on the advice of Rothschild´s Financial Services Round Table, led by illuminist Pehr Gyllenhammar. Countless times Trichet speaks about global governance of global finance and economy - which automatically leads to world government. To hear this is an echo of speeches given by WTO chief Pascal Lamy and EU president, Herman van Rompuy. No wonder: Like them Mr. Trichet is a Bilderberg participant, even 10 times. Accordingly, anyone who calls quotations from Mr. Barroso´s, Sarkozy´s, Gordon Brown´s, Pres, Bush Sr.´s, Henry Kissinger´s, etc. video talking about world governance conspiracy theory lives in a fantasy world - or is involved in the ongoing conspiracy. And what a conspiracy: The financial regulators are gigantic fraudsters, i.a. one US vice president, one US treasury secretary, drug bosses and puppets.

In a speech before the elitist Council On Foreign Relations in New York, President of the European Central Bank Jean-Claude Trichet called for the imposition of global governance to be bossed by the G20 and the corrupt Bank for International Settlements and its twin, the IMF. The following seems an echo of EU-president van Rompuy, who has declared 2009 the first year of global governance – and WTO boss Pascal Lamy, who also incessantly is speaking about global governance. This has a natural explanation: Mr. Trichet is also an Arch Bilderberger attendee: 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2007, 2008, 2009. Who after the following talks about conspiracy theory in the context of elitist world governance = world government lives in a fantasy world – or partakes of the conspiracy. For the reality is undemokratic elitist conspiracy, being kept secret by the mass media.

Keynote address by Mr Jean-Claude Trichet, President of the European Central Bank, at the Council on Foreign Relations, New York, 26 April 2010. (Transcript by the Bank for International Settlements – BIS) – excerpt. Video. Also see Infowars

I would like to stress four points
1. global governance is of the essence to improve decisively the resilience of the global financial system. Governments had to support the financial sector by putting at risk taxpayers’ money for the equivalent of around 25 % of GDP on both sides of the Atlantic. This as unprecedented.

2. The recent turbulences not only displayed a high level of unpredictability but also an extreme rapidity in the succession of events. Global governance today must demonstrate a capacity to coordinate with agility and to decide extremely swiftly.

3. the crisis has unleashed a tendency to reengage in financial nationalism if not mercantilism. It is imperative that effective global governance preserve the level playing field which is indispensable to foster global stability and prosperity.

4. as we have seen the crisis has driven an historic change in the framework of global governance. In my view this transformation was overdue. But there are two immediate reasons for this change. a. the emerging economies must have a full and proper ownership of global governance. b. The industrialised countries have proven particularly clumsy when their responsibility in global governance was obviously overwhelming.

There are numerous definitions of global governance. In the economic and financial sphere I will propose that global governance comprehends not only the constellation of supranational institutions – but also the informal groupings that have progressively emerged at the global level. Those informal forums (G7, G10, G20, etc.) are key in improving global coordination in all the areas where decision making processes remain national.One of the global governance’s primary aims should be that of facilitating the proper functioning of cross-border markets. Markets need an effective regulatory and supervisory infrastructure. Governments, central banks, international institutions and globally agreed prudential standards and codes are the means by which we collectively seek global economic stability.The principle of subsidiarity is essential.The global financial crisis has crushed former convictions that keeping order in one´s own house is the best principle for securing global welfare.

2. Let me now turn to how our institutions of global governance in the financial sphere have fared during the crisis.One dimension of international cooperation that I consider to have worked particularly well during the financial crisis has been that among central banks – both bilaterally and channelled through the various Basel-based committees in, for instance, the provision of cross-border liquidity. The Bank of International Settlement (BIS) itself has been ahead of the curve in terms of identifying unsustainable trends in the financial sector and more generally in the global economy based on a high degree of analytical depth and information sharing at a global level that the central banks’ global cooperation has been able to develop over time.

Regulatory arbitrage
We should remember the significant shortcomings that may have contributed to creating the conditions for the crisis to happen in the first place. One is the lack of coordination in financial regulation that was pervasive before the crisis and which encouraged financial institutions to engage in a large degree of regulatory arbitrage. This was the unavoidable result of the fact …, that financial regulation remained largely national, with only relatively weak coordination at the international level. Reform is essential.

Global imbalances
Another shortcoming that needs to be addressed for the future was the insufficient orientation of macroeconomic policies towards medium-term stability and sustainability. This led to the build-up of unsustainable external imbalances between deficit and surplus economies prior to the crisis. There was no effective mechanism to influence macroeconomic and structural policies in key countries. This must change.

3. Let me turn to the question of how global governance is evolving after the crisis.
After an initially hesitant response, governments implemented broadly coordinated policies, both within the EU as well as at the global level under the aegis of the G20. And central banks were able to take quick, decisive and coordinated action at short notice.But the crisis also showed that gaps in the system of global governance – in terms of both efficiency and legitimacy – have to be filled. This can be done – indeed, it is being done – by strengthening the mandate of existing international institutionsdeveloping new informal forums. Overall, the system is moving decisively towards genuine global governance that is much more inclusive, encompassing key emerging economies as well as industrialised countries.The significant transformation of and adjusting existing or global governance that we are engineering today is illustrated by three examples. a.the emergence of the G20 as the prime group for global economic governance at the level of ministers, governors and heads of state or government. b. The Global Economy Meeting (GEM) of central bank governors under the auspices of the BIS as the prime group for the governance of central bank cooperation. And third, the extension of c. the Financial Stability Board membership to include all the systemic emerging market economies.
In the area of central bank cooperation, the main forum is the GEM, which gathers at the BIS headquarter in Basel. The GEM, in which all systemic emerging economies’ Central Bank governors are fully participating, has become the prime group for global governance among central banks.I have the privilege of chairing the GEM presently.

The G20 has been effective in addressing the global crisis. We are now at the stage where this forum is making the transition from acting in a crisis resolution mode to contributing to crisis prevention. This is, in particular, the purposes of the G20 framework for strong, sustainable and balanced growth. For this purpose a Mutual Assessment Process (MAP) has been set up that will allow to assess whether policies of individual members are collectively consistent with sustainable and balanced growth trajectories. The first steps in this MAP have been presented by the IMF to the G20 Ministers and Governors last week during our spring Washington meetings. Guidance has been given to the IMF on the next steps in the process.

Strengthening institutions
The Financial Stability Board (FSB)´s membership is now largely overlapping that of the G20. The FSB has received an enhanced mandate to strengthen the international financial architecture and global financial stability, including a joint early warning exercise for the identification of risks to the global economy.The IMF itself has overhauled its lending framework. Micro-prudential supervision will be reinforced with the creation of a European System of Financial Supervisors, including three new European supervisory authorities in banking, insurance and securities. Moreover, micro-prudential supervision will be complemented by macro-prudential supervision, focusing on the prevention of systemic risk.
All three elements I have just described are key features of systemic risk: contagion; the build-up of financial imbalances and unsustainable trends; and the close links with the real economy and the potential for strong feedback effects. In short, the crisis has revealed the fundamental importance of systemic risk. The purpose of macro-prudential supervision is to identify sources of systemic risk and recommend remedial action. In the EU, this will be the task of the European Systemic Risk Board (ESRB). The members of the ECB’s General Council will be voting members of the ESRB, together with the three heads of the envisaged European supervisory authorities and a member of the Commission. Moreover, the body will comprise all national supervisory authorities.

BIS – The Tower of Basel

Who is the BIS?
InvestorInsight: It is the most powerful bank you ever heard of: Promoting monetary and financial stability is one key objective of the BIS. The bank sees as its primary job the stabilization of world financial markets. It accomplishes this through control of currencies. It currently holds 7% of the world's available foreign exchange funds, whose unit of account was switched in March of 2003 from the Swiss gold franc to Special Drawing Rights (SDR), an artificial fiat money with a value based on a basket of currencies (44% U.S. dollar, 34% euro, 11% Japanese yen, 11% pound sterling). The bank also controls a huge amount of gold – according to its 2005 annual report (the most recent) 712 tons. By controlling foreign exchange currency, plus gold, the BIS can go a long way toward determining the economic conditions in any given country. Remember that the next time Ben Bernanke or European Central Bank President Jean-Claude Trichet announces an interest rate hike. You can bet it didn't happen without the concurrence of the BIS Board. Obviously, this bank wields a lot of power. Anyone with the power to prevent a currency debacle can also cause one.The BIS can launder money. E.g. U.S. tax money can be passed through the BIS to the IMF and from there anywhere. This is what happened during the Brazilian panic of 1998. Really, the money was subsidizing the big American banks (Citigroup - Rothschild, and here, JP Morgan (Rothschild) Chase and FleetBoston among them) who had made many risky loans and had no desire to pay a penalty for their mistakes. U.S. taxpayers were told nothing about it.

Here are the BIS member national banks as of 30 June 2006: Algeria, Argentina, Australia, Austria, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong SAR, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Korea, Latvia, Lithuania, the Republic of Macedonia, Malaysia, Mexico, the Netherlands, New Zealand, Norway, the Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom and the United States, plus the European Central Bank.Everything about it, including its bi-monthly member and board meetings, is shrouded in secrecy.The BIS is free from oversight. Furthermore, officers and employees of BIS enjoy immunity from criminal and administrative jurisdiction.Finally, no claims against BIS or its deposits may be enforced without the prior agreement of the Bank.In other words they can do whatever they want, without consequences.The bank was a major player promoting the adoption of the euro as Europe's common currency. There are rumors that its next project is persuading the U.S., Canada and Mexico to switch to a similar regional money, perhaps to be called the mero,and it's logical to assume the bank's ultimate goal is a single world currency. That would simplify transactions and really solidify the bank's control of the planetary economy.”

Comment
Thus, we have the the chief of the European Central Bank standing before the invisible government of the US, who gives Hillary Clinton her orders, and would-be government of the world , Rockefeller´s Council on Foreign Relations. Incessantly, Mr. Trichet is telling that we need world governance, in particular economic world governance – through the GEM (which he chairs) of Rothschild´s Bank for International Settlements so closely interwoven with the IMF and its SDRs. His argument is that the magnitude of the current crisis was due to the insufficiency of national economic regulation – practically forgetting Alan Greenspan´s FED´s responsibility for the disastrous low interest rate policy in the US and the Role of the Wall Street banks and here. So he demands strengthening of existing global institutions – and the advent of new ones. He wants the the BIS twin´s, the IMF´s brainchild, the MAP, to control and command the economies of the national states. A funny thing is, that the EU´s new financial regulatory bodies are largely the same that allowed the current financial crisis to develop into the current economic crisis, viz. Rothschild´s minions - as proposed by Rothschild´s European Financial Services Round Table under the direction of Pehr Gyllenhammar - then to rob us through tax payer bail-outs. And who is the BIS really: It is Rothschild´s bank – founded by Rothschild´s agents, Charles Dawes and Owen Young + Hitler´s Central bank manager to be, Hjalmar Schacht.Andrew Hitchcock quotes Bill Clinton´s mentor, prof. Carroll Quigley, who was allowed to study the CFR archives:The powers of financial capitalism had (a) far reaching (plan), nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert. The apex of the system was to be the Bank For International Settlements in Basel, Switzerland.Here Hitchcock (see the year 1930) calls the BIS Rothschild´s first world bank. Here is how Nathan Rothschild took power of the Bank of England in 1815 (video 59–1.04 min). In 1818 Rothschild took over the French money supply – and in 1830 the money supply of the Vatican. Here is how Rothschild´s henchmen, Paul Waburg, JP Morgan and the Rockefeller family (Nelson Aldrich) established the US Federal Reserve – and how they have been abusing it eversince. Here is how they have been working. The FSB mentioned by Trichet is a wing of Rothschild´s BIS. The bank supervision institutions mentioned by Trichet are the brainchildren of the previous IMF chief Jacques de Larosière. The board of the ECB has 3 BIS board members besides Trichet. And who triggered the current crisis? the CNBC has a bid: The illuminati! And indeed, they did and are doing.

Addendum - So much for the value of financial regulation
Interview with leading white-collar crime and control fraud expert, the economist William K. Black: MMNews 21 April 2010:
A: Goldman Sachs CEO, Hank Paulson (later US Secr. of the Treasury) bought Collateralized Debt Obligations of the worst subprime mortgages backed by fraudulent liar loans, had some of them sold by his partner John Paulson, telling customers that they were the safest in the market. Then John secretely bet that the CDOs would fail, as they certainly did, as Hank Paulson launched a successful war against securities - now as US Treasury Secretary!! This brought John Paulson an enormous gain. Then as US Treasury Secr. Paulson secured Goldman Sachs a huge bail-out with taxpayer money to sanitate Hank Paulson´s toxic CDOs. Before that, the US government even threatened Congress to introduce martial law, unless they passed Paulson´s bail-out legislation!!! Now Goldman Sachs stands trial for fraud!

B: When Al Gore was Vice President his priority was reinventing government.The premise of reinventing government was that it needed to be fundamentally changed to more closely resemble a private corporation and to partner with private firms (Mussolini´s definition of fascism). Financial regulators were instructed to refer to the banks and S&Ls they were supposed to regulate as their customers.The message they are sending is that the industry/anti-regulator partnership will work together to destroy financial regulation. It is no surprise that the federally regulated (sic) financial institutions which produced the worst frauds (or, at least, the worst we know of at this point) were S&Ls.

C: The Fed´s Ben Bernanke is a failed regulator that ignored every warning and refused on ideological grounds to act under HOEPA to stop the fraud epidemic.

D: The UN-chief on drugs, Antonio Maria Costa, stated that liquid investment capital generated from drug trafficking helped to keep the financial system going in 2008. He said: In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor … Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities … There were signs that some banks were rescued that way.