BEWARE THE PROPOSED GLOBAL MONETARY AUTHORITY!


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



My Footnote:

I believe the hype about the Amero is a red herring. A magician waves his left hand in full view while his right hand pulls the rabbit from his coat tails. The world leaders have already made several hints about a one world currency which would be a fantastic idea, and extremely helpful for trade and commerce if it were "real" money controlled by the people of their respective countries, and not controlled by private banking institutions. As it is right now it will be disastrous for us all to have a centralized global monetary authority.

When RFID chips are introduced (and they will if people don't wake up very soon) then a complete cashless society can exist and the illusion that is "money" will be complete! As a banker you will owe me everything and I will have given you nothing in return. Slave and master.

Quote:

"The government should create, issue, and circulate all the currency. Creating and issuing money is the supreme prerogative of the government and its greatest creative opportunity. Adopting these principles will save the taxpayers immense sums of interest and money will cease to be the master and become the servant of humanity"......Abraham Lincoln