Monday, 19 December 2011

Are Central Banks Trying To Crash The System To Establish A Global Currency?

I haven't see the documentary Money Masters yet but it comes well recommended so I'm going to post it as a reminder for me. Amazingly it was predicting today's problems back in 1996 and makes references to the allegorical nature of The Wizard of Oz that I've talked about before.

I actually want to see the Dollar/Euro hologram implode but because I suspect the 'problem reaction solution/shock doctrine' to follow that will scare uninformed people into accepting the dangerous solution to an artificially contrived problem. I'm all in favour of global thinking but not from the hyenas currently in charge. Here's a bit of blurb to tempt you into watching and maybe leave some feedback in the comments:

The Money Masters explains the history behind the current world depression and the bankers’ goal of world economic control by a very small coterie of private bankers, above all governments.

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 says Bruce Wiseman:

“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”