Friday, July 10, 2009
Medvedev Unveils “World Currency” Coin At G8
Tuesday, June 30, 2009
WORLD GLOBALIZATION OF THE BANKING & REGULATORY STRUCTURE PART 2
June 30, 2009
NewsWithViews.com
Concentrating Total Financial Power at the Bank For International Settlements and the Financial Stability Board
BASEL, SWITZERLAND - There are those who have been predicting a time when there would appear a world government structure. That time is here. Many, however, have predicted that it would be political in power. That is not necessarily so. Although the United Nations has been an organizing power worldwide to harmonize national law with international law, they do not issue or print money—for that is the role of central banks. With the new and vast empowerments being given to the central banks of the world and with the restructuring of the Financial Stability Board, it appears that world government is financial and economic. The old adage is true, “He who owns the gold makes the rules.”
The entire banking system of the world, with the exception of a few Muslim countries, is run by private corporations called “central banks.” America’s central bank, the Federal Reserve, was founded in 1913. People should understand that it is not Congress which runs America but the Federal Reserve because without the money and credit that it provides to banks and subsequently home owners, farmers, and businesses, would not be able to function. All one has to do is study the various past economic crises to know that they occurred when the national banking system cut off credit. There is no doubt that the 2008 Credit Crisis has helped everyone to see that it is the banks—primarily the international banks and the central banks which run the world. While the names of the shareholders of the Federal Reserve remain secret, many people believe that the large international banks are some of its owners.
As a result of the Credit Crisis, the Bush Administration proposed the “Blueprint for a Modernized Financial Regulatory Structure” which was approved by current Treasury Secretary Timothy Geithner who then was president of the New York Federal. He is now proposing the Obama regulatory blueprint. Recently released, it calls for many of the same recommendations as the previous blueprint, which can be summarized as a total centralization of power:
• A New Financial Services Oversight Council of financial regulators to identify emerging systemic risks and improve interagency cooperation.
• New authority for the Federal Reserve to supervise all firms that could pose a threat to the financial stability, even those that do not own banks.
• Stronger capital and other prudential standards for all financial firms, and even higher standards for large, interconnected firms.
• A new National Bank Supervisor to supervise all federally chartered banks (and other financial institutions currently not under Federal Reserve oversight).
• Elimination of the federal thrift charter and other loopholes that allowed some depository institutions to avoid bank holding company regulation by the Federal Reserve.
• The registration of advisors of hedge funds and other private pools of Capital with the SEC.
Since most are not acquainted with our financial and regulatory structure, they will not appreciate the incredible transfer of power being given to the Federal Reserve, a private corporation. Once Congress passes the necessary law, the Fed will be given massive powers over the entire financial and economic industry, the insurance industry, non-banking institutions as well as the mortgage industry.
While most Americans are hardly aware of the United Nations or World Bank, let alone the World Health Organization, it will be difficult to understand the two-pronged frontal attack: changing U.S. regulatory laws to correspond to global regulatory laws which are in the process of being strengthened and re-configured. The complexity is enormous and the areas affected are hardly known or at this time or truly understood. Sadly, Congress is so busy adjusting their togas, they do not understand that they no longer have the real power as it was given to the Federal Reserve in 1913.
A very major piece of the new international architecture is the newly configured Financial Stability Board-FSB. At the spring meeting of the IMF/World Bank, NWV had asked former BIS Managing Director, Sir Andrew Crockett, now with JP Morgan, what the role, power and function would be of the FSB. He explained that while the chairs were still being arranged at the table, that it would act at the global level to oversee national stability risks, it would work with other regulators, it would review standards set by various board on the national level, and it would employ a ‘college of regulators’ that would define methodologies. At the inaugural meeting held on June 26-27 in Basel, FSB Chairman Mario Draghi, Governor of the Bank of Italy, provided a detailed report on its new structure. He explained,
The FSB’s mandate is to assess vulnerabilities affecting the financial system; identify and oversee action needed to address them; promote coordination and information exchange among authorities responsible for financial stability; monitor and advise on market developments and their implications for regulatory policy; advise on and monitor best practice in meeting regulatory standards; undertake joint strategic reviews on the policy development work of the international standards setting bodies; set guidelines for and support the establishment of supervisory colleges; manage contingency planning for cross-broader crisis management; and collaborate with the IMF to conduct Early Warning Exercises.
The Standing Committee for Supervisory and Regulatory Cooperation will address coordination issues that arise among supervisors and regulators and set guidelines for and oversee the establishment and effective functioning of supervisory colleges.
The above constitutes a total restructuring of the entire financial system, mortgage system, insurance industry, non-banking institutions, and any other entity connected with money on a worldwide basis. While the central banks control the monetary system, they are now being given complete centralization of these financial powers.
Congress can argue about whether or not they will put all of our regulatory agencies under one roof, but the real truth is that they don’t have the power to do that for “he who owns the gold makes the rules.” The Federal Reserve, along with Treasury has already been playing a major role to help set in place the new financial and regulatory infrastructure.
In short, what comes after this will probably be a global currency that will lead to a time of total control under a cashless system. The BIS would not answer NewsWithViews' questions about a change to the Special Drawing Right from the dollar. BIS Managing Director Jaime Caruana commented, “Repairing the financial system and building a more resilient one for the future also requires broad-based efforts involving cooperation between government and the private sector. At the same time, we need to resist the move towards protectionism; mounting that resistance puts a premium on international cooperation and a heightened sense of shared responsibility.”
It is ironic that here in Basle, the home of the Bank for International Settlements, the Rathaus, built in the early 1500s which was the center of town at that time, has written in gold a statement that is timeless, “Freedom is better than gold and silver.” For part one click below.
© 2009 Joan Veon - All Rights Reserved
Monday, June 29, 2009
WORLD GLOBALIZATION OF THE BANKING & REGULATORY STRUCTURE
June 29, 2009
NewsWithViews.com
BASEL, SWITZERLAND -The power base of the world has shifted…it is no longer in London, New York City, Washington D. C., or Tokyo. Neither is it in Beijing or Moscow. It is Basel, Switzerland. In 1930, the Bank for International Settlements-BIS was set up as a result of the Young Plan which was named after the man who presided over the Allied Reparation Committee, Owen D Young.
Basel was chosen as its location because everyone could get on a train from anywhere in Europe to attend its meetings. When you walk out of the main train station, the BIS is within easy walking distance of one block. A modern 18 story high building belies the power it extends globally. There is nothing about the building that calls anyone’s attention to it other than the plaque near the glass front doors that basically says it is private property. The world’s power brokers walk to the BIS without fanfare and are set apart from the citizenry by their business suit and ID pass.
Yet within its walls the world’s monetary system is being designing and directed by many illuminated and brilliant people from inside and from without, those who visit regularly from all over the world include: central bank ministers, treasury secretaries, regulators, insurance supervisors, deposit insurers and accountants. Truly the BIS is all powerful. Dr. Carroll Quigley in his book, Tragedy and Hope, wrote that,
The 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 feudalistic fashion by the central banks of the world acting in concert, by secret agreement, arrived at in frequent meetings and conferences. The apex was to be the Bank for International Settlements in Basel, Switzerland (pp. 324-25).
In the mid-1990s the word “globalization” came into our vocabularies as we were faced with naming the process whereby the barriers between the countries of the world started to fall. Beginning with the establishment of the International Monetary Fund and World Bank in 1944, the financial barriers between countries fell; with the establishment of the United Nations in 1945, the political barriers fell; with the establishment of the World Trade Organization in 1994, the trade barriers fell; with the establishment of the International Criminal Court in 1998, the legal barriers fell; and with the September 11, 2001 attack on the World Trade Center, the military and intelligence barriers fell.
Similarly, during the 1990s, the Bank for International Settlements started to set up its own level of globalization. In1998, the International Association of Insurance Supervisors was set up and is comprised of insurance supervisors from all over the world. In 1999, the Financial Stability Forum was set up which was comprised of the Group of Seven treasury secretaries, central bankers, and regulatory agencies.
Recently this organization was expanded to include the Group of Twenty. Then in 2002 the International Association of Deposit Insurers was set up. This organization is comprised of the “FDICs” of the world. Another organization which was set up in 1973 and then reconfigured in 1984 is the International Organization of Security Commissions-IOSCO which is basically a global “security and exchange” commission which has facilitated a global stock exchange.
What the 2008 Credit Crisis has provided is an opportunity to further enhance and empower these organizations which will and are in the process of transferring respective responsibilities from the national level to the global level, thus completing the process of banking, insurance, auditing, accounting, and regulatory globalization. It should be mentioned that in order for the United States to play its role in this process, the Obama Administration will have to set up a single national regulator over our seven different regulators that currently work independently. This is so important a step that the Financial Times recently ran an editorial on June 20 that warned America,
The need for thorough regulatory reform is still pressing. One concern stands out: the risk of the whole financial system breaking down, as it did last autumn. Those who want to give central banks the power and responsibility to monitor systemic risks are right. They include the US Treasury, whose proposals this week seek to turn the Federal Reserve into a systemic super-regulator. These proposals are contested. They should not be; the alternatives are worse. Reforms to rein in systemic risk must not now fall prey to politics. They must be enacted before the memory of last autumn fades.
How could this happen? No one thought that the financial system could collapse. Sufficient safeguards were in place. There was a safety net: central banks that would lend when needed, deposit insurance and investor protections that freed individuals from worrying about the security of their wealth, regulators and supervisors to watch over individual institutions and keep managers and owners from taking on too much risk. Since August 2007, the financial system has experienced a sequence of critical failures.
In summary, financial regulators, fiscal authorities, and central bankers face enormous risks. Building a perfect, fail-safe financial system—one capable of maintaining its normal state of operations in the event of a failure—is impossible. Standing in the way are both innovation and the limits of human understanding, especially regarding the complexity of the decentralized financial world. We have no choice but to take up the challenge of first repairing and then reforming the international financial system.
First it should be noted that with this kind of total economic and monetary failure, the entire system should be scrapped and perhaps we should go back to being individual nation-states, but you see for their purposes, they are expanding and empowering another level of control which will move the assets of the entire world into their domain. No physical war, no guns, no bullets—electronic financial warfare.
The Financial Stability Board was originally the Financial Stability Forum-FSF. When it was set up in 1999, I interviewed its Secretary-General, Svein Andresen who told me that there was no guarantee that it would be able to protect the global system from problems. However, it was believed that if you brought the central bank ministers together with the treasury secretaries and the regulatory agencies from the Group of Seven countries that it would provide a framework to protect the global financial system. Obviously they failed in their mission. The alternative instead of liquidating the FSF was to expand and empower it. When I asked FSB Chairman Mario Draghi about the role and input of the international bankers like Sir Evelyn de Rothschild, he replied,
We are in contact with various --say bankers association, market association—banks, hedge funds, securities fora and lots of other bodies. We look at what they do and then we make up our own mind. So it is an interesting context but in the end, ours is a forum where you have the regulators—banking regulators, market regulators, financial ministries and international organization and institutions and standard setters. So it is our own mind in the end which we look at.
The need to coordinate international accounting through the International Accounting Standards Board with the American counterpart, Financial Accounting Standards Board- FASB with the FSB and G20 is already happening. IOSCO is working with the BIS Joint Forum and FSB. In order to develop high quality international standards for auditing, assurance, ethics and education for professional accountants, the Monitoring Group was set up and a Charter was put in place in 2008 by Memorandum of Understanding. Those participating include: IOSCO, the Basel Committee of Banking Supervision, the European Commission, the International Association of Insurance Supervisors, the World Bank, the Financial Stability Board and the International Forum of Independent Audit Regulators.
Friday, February 20, 2009
A CRY FOR THE CHILDREN
by Darren Weeks
February 20, 2009
NewsWithViews.com
“Oh you blind leaders who seek to convert the world by labored disputations. Step out of the way or the world must fling you aside. Give us the young. Give us the young and we will create a new mind and a new earth in a single generation.” —Benjamin Kidd
This life is a mountainous road, and we are its travelers. Our journey is filled with bumps and potholes to be avoided. On either side of us are steep cliffs, the boundaries of which, if violated, can lead to utter destruction. Along the path, many signs are posted which warn us of potential dangers that lie ahead.
At times, we cheerfully travel without care — the blue skies and sunshine brilliantly lighting our way. We grow, we learn, we work, we fall in love, we marry, and we make babies and the cycle begins anew.
Life is a cycle. We enter the world as infants, dependent upon others. We have no knowledge, manners, or consideration of anyone but ourselves. Our concern involves only our own contentment at the moment. As we mature, the spectrum of our thoughts widens to include less of ourselves and more of others. We find our purpose is to live for those around us. We experience satisfaction and even joy in the giving of ourselves.
With age comes fragility and weakness. We begin to decrease in our abilities and increase in our dependence. Soon, others think and make decisions for us. Those for whom we’ve cared, become burdened with the task of caring for us. We become naive, vulnerable, and concerned only in the contentment of the moment. Life is, indeed, a cycle.
There are times, on our journey down life’s road, when we notice the storm clouds are beginning to form and the gales of change begin to blow, challenging the core of our souls. We tremble as, in the distance, we hear the threatening claps of thunder violating our tranquility, piercing our inner being with uncertainty.
It is in these tumultuous times, we ponder those around us. We wonder and worry about those who are most vulnerable among us. Our thoughts fall upon the elderly, our aging parents and grandparents. But most of all, we fear for the children.
Your writer is the father of two little girls. Actually, they aren’t quite so little anymore, as they’ve approached those oft-dreaded teenage years, when the transition from childhood to adulthood becomes apparent. As much as we’d like, we cannot keep them young forever. But with the maturity process, also comes an inevitable loss of innocence.
This innocence is best demonstrated in an incident I recall from a few years ago. As I was driving home through the countryside, my two daughters were in the car chattering away, as girls often do. A breeze ruffled our hair, as the perfumed country air entered the windows.
All at once, my youngest asked, “What’s that smell?”
“That’s the smell of nature,” I answered.
She pondered those words for a moment and then thoughtfully replied, “I’ve never smelled nature before.”
Without hesitation, my oldest daughter blurted out, “Get sprayed by a skunk and you’ll smell nature!”
Ah, “nature” from the perspective of a child! Without intent, children have a way of making us smile. Children enrich our lives beyond measure. Theirs is a perspective that is often untarnished by the harsh realities of a cruel world.
Yet, more and more, when I look into my daughters’ eyes, my smile often disappears as concern grips me. I see the next generation as one that will never know the meaning of true freedom. They will never know what it means to live without the constant fear of impending peril. Theirs is a generation that is being reared in a world filled with government-sponsored terror campaigns, alarm bells and whistles, high betrayal and outright treachery.
Their futures have being given away by sellout politicians to foreign interests in the name of fighting global poverty. Their ability to own, work, and live on the land has largely been ripped away from them at break-neck speed by Agenda 21 implementation, and no one seems to care. Even in the so-called “patriot” community, Agenda 21 is rarely discussed despite the fact that it is highly documentable, and every issue centers around its implementation, which is now 17 years underway.
What kind of government will our children inherit from us? What will be the legacy that we leave for them when our country is thoroughly bankrupt, has been for decades, but continues to borrow, print, and spend against the productivity and on the backs of future generations? How many generations, yet to be conceived, will be paying for the blatant and criminal looting of the American purse that is daily and contemptuously shoved in our faces?
The Bank for International Settlements is based in Basle, Switzerland and serves as the central bank for “our” very own Federal Reserve as well as other central banks around the world. Are we to believe that it is a mere coincidence that its headquarters building is built in the shape of a boot?
How does that make you feel, America, knowing their financial boot of poverty and enslavement will be crushing the tender faces of your children, grandchildren, great-grandchildren, and great-great grandchildren for centuries and, perhaps, forever? Is that not enough motivation for you to turn off your Simpsons, Entertainment Tonight, South Park, Comedy Central, your video games, your movies, your music concerts, and your sports shows, put down your beer and potato chips and at least make an effort for your country?
Will you continue to be worthless to the cause of freedom as you pursue your personal pleasures and entertainments, sitting idly by, while the America that you were able to enjoy is ripped away from those who come after you? If you don’t care about your country, will not your love for your posterity compel you to ward off your lethargy and animate yourself in the battle to preserve, protect, and restore our once-great republic? Or have the drugs of personal pacification rendered you maim, deaf, and dumb as you suck up the myriad lies and deceptions of your prostitute masters like a desert camel at a long-sought oasis? Will you continue to operate within the false dialectic that federal elections actually count for something, when the “opposing” party continues the wholesale destruction right where his predecessor abated?
Our children are being socially and intellectually conditioned to be world citizens. They are trained like animals to respond to immediate gratification, to lose their individuality and to be a part of a “community”. They are being indoctrinated with the religion of Gaia through their schools, courtesy of UNESCO and the tax-exempt foundations that write their text books.
They are bombarded with sexual pressures and imagery from the media and their peers. Their parents are too busy or too self-absorbed to provide the necessary guidance, boundaries, enforcement, and love that is required to shape their young lives. As a result, we are losing the next generation. Drugs, gangs, and pre-marital sex are filling the void where real parenting once stood.
Occultism and violence are purposefully and thoroughly embedded within today’s youth culture. They are prevalent in television, movies, video games — and now even commercial marketing campaigns!
For example, Japanese automaker Toyota rolled out a marketing campaign a couple of years ago for their Toyota Scion. Young people were the targeted demographic. A part of the marketing campaign was a web site-based video game called “Little Deviant.”
In the game, young players were introduced to a monochromatic world where environmental destruction is extremely apparent. Sound familiar? It gets worse.
The opening scene is a city slum, populated with creatures that appear to be human-sheep hybrids. The player is told that these “sheople” have “spread their grey disease” throughout the world. How many times have you heard the “sustainable development” crowd say that about you? How many times have you heard the whacko environmentalist extremists, from the UN on down, say that human beings are a cancer on earth? How many times have you read their documents detailing their own paid demographers’ projections about the rapid rise in population, the overcrowding of our cities, the overuse of resources, the need to curtail “urban sprawl?”
Bear in mind that the earth still possesses vast landscapes that are being put off limits to human habitation or use. There are hectares of land which could be lived upon, farmed, and properly managed if ordinary people would support one another when we’re targeted for removal.
What is the solution to over-crowded cities, human slums, over-use of the earth’s vast resources as defined by the psychopathic elites? We again turn our attention to the “Little Deviant” game.
Because these environment-degrading “sheople” are “boring,” the young player is urged to go door to door, in the fictional town, finding and ruthlessly slaughtering them. A deep-throated announcer urges, “turn their awful bleating into awesome bleeding.”
The “sheople” are harmless, innocent, helpless creatures who tremble at the sight of the player’s character — which can only be described as demonic-looking. As the “sheople” stand and tremble in terror, the player ruthlessly slashes them to pieces, their blood runs into the street, down a man whole and drips into a reservoir which appears elsewhere on the screen. Players are told they are to collect the blood of the “sheople” and it is used later in the game to lubricate the industrial machinery which manufactures the Toyota Scion.
What kind of a sick, demented mind would concoct such a mechanism to market an automobile? What underlying purpose could there be behind the desensitization process which is inherent in much of today’s youth culture? Are young people being conditioned to lose their sensitivity to the suffering of others? If so, then why? Could the next generation be the victims of a mass effort to program their subconscious so they won’t recoil in horror if asked to take part in heinous acts by their government? Are the ruling elite preparing our young people for the inevitable collapse of our monetary system, the famines that are being engineered for us, the crumbling social contract, and the ensuing chaos that they intend to use to usher in their new order?
There can be no doubt that children and youth have a vital role to play, not only as leaders of tomorrow, but as leaders of today. Chapter 25 of Agenda 21 outlines the importance of young people in the implementation of the Plan. It says,
“It is imperative that youth from all parts of the world participate actively in all relevant levels of decision-making processes because it affects their lives today and has implications for their futures. In addition to their intellectual contribution and their ability to mobilize support, they bring unique perspectives that need to be taken into account.”
What “unique perspectives” could children possess? They haven’t lived long enough to garner the necessary experiences and education to form sound opinions. Isn’t it interesting that the United Nations doesn’t seek input from the older, more experienced generation? Could these “unique perspectives” to which the global planners allude, be the results of their unrelenting indoctrination and conditioning of our young people?
The American people have become some of the most drugged up, dumbed down, brain-numbed, and media-manipulated people in the history of known civilization. The inability or unwillingness of the citizenry to examine what they are being told, to research and dig for documentation, and to demand answers to key questions of their public officials will be the chief factor in America’s demise.
America’s rise as a great and wealthy industrial nation has afforded us some of the highest standards of living in the world. We’ve gotten very comfortable with our central air-conditioned homes and offices, our backyard swimming pools and spas, our designer clothing, and our freezers crammed full of frozen and convenience foods. We are pacified with television, movies, video games, sports, music, and a million other meaningless diversions.
We’ve become so occupied with the pursuit of creature comforts and entertainments, that we don’t have the time to be concerned about the well-being of the system of government that made it all possible. And, as a result, we are losing it all. It is all being taken away from us by social scientists who are intent on engineering utopia on earth for themselves.
But when the final chapter is written, and the book is slammed shut which tells the story of what was once the greatest experiment in freedom humanity has ever known, our greatest loss will not be our freedom, our privacy, our jobs, our fortunes, our land, our food, our water, and the air that we breathe. The greatest loss Americans and the world will ever know, is if we allow the social engineers, architects, visioneers, and foundational think tanks — in mind, body, and soul — to take our children. If we allow that to happen, we will truly be the most bankrupt people the world has ever known.
© 2009 - Darren Weeks - All Rights Reserved
Darren Weeks is a husband, a father, and a lover of America. A graduate of the Specs Howard School of Broadcast Arts in Southfield, Michigan, he has worked professionally with television news operations for over 16 years.
It was at his job, when flipping through satellite channels that he discovered patriot broadcasting, and his subsequent awakening ensued.
Weeks hosts Govern America every Saturday morning from 8 AM to 11 AM Eastern Time on the Republic Broadcasting Network.
E-Mail: darren@darrenweeks.net
Web site: www.governamerica.com