Bank for International Settlements on Big Banks
The shadow-banking component that adds to the risk of non-regulatory oversight just deepens the mystery behind the most powerful banking institution that runs roughshod over global finance. In order to gain an insight into the complexity of deception, examine the function of the BIS. The granddaddy of all central banks, the Bank for International Settlement, latest BIS Annual Report 2011/2012, foretells future financial consolidation.
From Chapter V. Restoring fiscal sustainability, in this report concludes:
"Sovereigns have been losing their risk-free status at an alarming rate. Fiscal positions were already unsustainable in many advanced economies before the financial crisis, which in turn led to significant further weakening. The deterioration of public finances has undermined financial stability, lowered the credibility of fiscal and monetary policy, impaired the functioning of financial markets, and increased private sector borrowing costs. Restoring sustainable fiscal positions will require implementing effective fiscal consolidation, promoting long-term growth, and breaking the adverse feedback loop between bank and sovereign risk."The section called, Box VI.A: Shadow banking, states:
"While definitions differ, the term "shadow banking" broadly refers to financial activities carried out by non-bank financial institutions that create leverage and/or engage in maturity and liquidity transformation. Thus, even though they are subject to different regulatory frameworks, shadow and traditional banks operate alongside each other.The bombshell news that raises alarm is the admission that "Too Big To Fail" is still the operative principle that drives the banking system into an unsustainable servicing of debt obligations. The cloak of the shadow banking practice, intended to circumvent usual regulatory standards, creeps along the soft underbelly of respectable central banking. When a collapse catches up with the racket of excessive leverage, the ensuing scandal is directed to some esoteric phantom operation that is expendable.
The analysis in Big Banks Take Risks Expecting Taxpayers To Cover Losses identifies who ultimately bears the risk of the world fiat, debt created, financial system.
"The report also emphasized the need to increase the safety of the banking system by pushing banks to be responsible for their losses, add to their financial buffers and avoid risky practices. It added that big banks still have an interest in using high-risk debt – so-called "leveraging" – to magnify any trading gains because they can expect taxpayers to step in and cover their losses if things go bad.Protecting the fractional reserve scheme, at all cost, is the true purpose of the BIS. Sovereign holdings, with their ensuing national debt owed to the banksters pays homage to the real owners of underlying collateral assets.
From a source in the essay, Revolution against Central Banks, explains a scheme of global magnitude for financial control.
"The BIS is taking national currency deposits from the 55 member/owner central banks and converting them to SDR's on its own balance sheet. The SDR's are "claims on the freely usable currencies of IMF members," therefore, the deposits of the central banks become claims on those currencies--the deposits of the fiat central banks who can deposit as much as they feel at the BIS in whatever currency the chose--including the SDR's allotted to their "nation," as the central banks are the sole depositories for the national wealth/sellers of the national debt. The BIS is then paying out dividends to these same member CB's in the form of SDR's, which again can be used to claim currencies. By August 2009, they had just made up out of thin air almost twelve times the supposed global supply of SDR’s. They are truly acting like the "central bank of the world," complete with printing!"By any objective standard of decency and accountability, the BIS is the ultimate clearinghouse of worldwide debt for the New World Order. Need proof, just reflect on the diversion used by a captain from one of the most powerful "Godfather" family of investment banking.
Finally in, Time to Stop Expecting So Much From the Fed?, Goldman Sachs strategist Jim O’Neill told CNBC:
Even the central bank for central banks, the Bank for International Settlements, is playing down the power of the Fed and other central banks.World consumers are being pick-pocketed in the graveyard of financial ruin. Strip away the skin of a decayed corpse and what remains is the stark skeleton of a dead paper monitory system. The life-support methods used to keep the interest payments accruing, only forestall the day of reckoning. The end game for the central bankers is foreclosure on pledged guarantees. Currency swaps will become a recall of national fiat species and a replacement with a float of a new world coinage.
National governments are mere public diversions from the real power behind the thrones.
For additional information on the BIS, visit the Facebook Group, BIS (Bank for International Settlements) awareness. James Hall – June 27, 2012
Invitation to join us, every year, two periods, either March or August-September.
The next week of study in 2012 will be held in Rougemont, Canada in four languages from August 22 up to the 31 followed by the Congress in September 1-2-3, with a pilgrimage on September 4.
So there must be at least one trip from August 21 to September 5.
Free meals and rooms for all our guests from countries outside of Canada.
Comme chaque année, la prochaine semaine d'étude 2012 aura lieu à Rougemont au Canada en 4 langues du 22 au 31 août suivie du congrès les 1-2-3 septembre, avec un pèlerinage le 4 septembre. Donc il faut prévoir un voyage au moins du 21 août au 5 septembre. Repas et couchers gratuits pour tous nos invités des pays hors du Canada. Autre période de formation en mars-avril chaque année.
Comment créer et partager les surplus: