The Basel Committee on Banking Supervision (hereinafter – the Committee) is closely associated with supranational organisations like the Bank for International Settlements in Basel (BIS), which is often called the «club», the «headquarters» of central banks or the «Central Bank of Last Resort». The Committee’s office is situated in the BIS building.
At the end of 1974, following the disequilibrium of international currencies and banking markets caused by the collapse of the Herstatt Bank in West Germany, the heads of central banks in the G10 countries established the Committee under the auspices of the BIS to develop common international rules with regard to banking supervision.
This study and a wide variety of email and wiki posts may be a tipping point that puts the full weight of the International Consortium of Investigative Journalists into the battle against corrupt judges in the pockets of the banks — specifically, judges that have been ruling against individual home owners being illegally foreclosed, refusing to grant their motions for presentation of the actual mortgage document. Despite laws being passed that demand exactly that, the judges are being paid to ignore those laws.
Here is the 357 page PDF, one of the most viewed documents (top 5%) on LinkedIn.
Panel V – State Sponsored Crime and Non-State Actors: Gangs, Guns, and Graft Chair: Dr. Stephen Blank, SSI, U.S. Army War College Panelists: Edward Lucas, The Economist; Karen Saunders, Forum Foundation for Analytic Excellence; Douglas Farah, International Assessment and Strategy Center
The Center for Complex Operations (CCO) has produced this edited volume, Convergence: Illicit Networks and National Security in the Age of Globalization, that delves deeply into everything mentioned above and more. In a time when the threat is growing, this is a timely effort. CCO has gathered an impressive cadre of authors to illuminate the important aspects of transnational crime and other illicit networks. They describe the clear and present danger and the magnitude of the challenge of converging and connecting illicit networks; the ways and means used by transnational criminal networks and how illicit networks actually operate and interact; how the proliferation, convergence, and horizontal diversification of illicit networks challenge state sovereignty; and how different national and international organizations are fighting back. A deeper understanding of the problem will allow us to then develop a more comprehensive, more effective, and more enduring solution.
An international network of journalists has obtained some 2.5 million records from tax havens detailing shell companies, offshore accounts and dubious financial deals. The unprecedented leaks include the names of 130,000 people who at one time or other moved their money offshore.
Oligarchs and dictators’ daughters apparently have a penchant for bunkering their assets on the British Virgin Islands. Barons and composers, on the other hand, seem to prefer the Cook Islands. To cheat on taxes, they create bogus firms with imaginative names like Tantris, Moon Crystal or Sequoia.
Those are just a few details published this week on a major global system of tax evasion, which sheds new light on the methods used to deceive fiscal authorities and hide money. In what is believed to be the largest data leak in history, anonymous informants have provided an international consortium of journalists with around 2.5 million documents detailing activities in tax havens around the world.
The virtual Everest of data exposes some 120,000 letterbox entities, offshore accounts and other dubious deals in more than 170 countries, in addition to the names of 140,000 individuals alleged to have placed their money in known tax havens. The list includes politicians, celebrities, weapons dealers, oligarchs, financiers and a very diverse cast of characters. It also includes hundreds of Germans. Reporters at the Süddeutsche Zeitung newspaper noted that the most famous German featured on the list is society playboy Gunter Sachs, best known abroad as Brigitte Bardot’s husband for a brief period in the 1960s, who committed suicide in 2011 at the age of 78.
ATHENS — In a move that could set off new fears of contagion across the euro zone, anxious depositors drained cash from automated teller machines in Cyprus on Saturday, hours after European officials in Brussels required that part of a new 10 billion euro bailout be paid for directly from the bank accounts of ordinary savers.
The move — a first in the three-year-old European financial crisis — raised questions about whether bank runs could be set off elsewhere in the euro zone. Jeroen Dijsselbloem, the president of the group of euro area ministers, declined early Saturday to rule out taxes on depositors in countries beyond Cyprus, although he said such a measure was not currently being considered.
Although banks placed withdrawal limits of 400 euros, or about $520, on A.T.M.’s, most had run out of cash by early evening. People around the country reacted with disbelief and anger.
More coherent than many such diatribes. Appears to represent a growing segment of the public. When combined with local elected sheriffs siding with the public, and high likelihood that most National Guard units will go local and refuse federal orders to fire on or arrest US citizens, the balance of power at the grassroots level appears to be totally in favor of the public not the elite.
THERE IS A SECRET WAR BEING WAGED AGAINST AMERICA THE REPUBLIC BY THE LONDON BANKSTERS
Its Purpose is to destroy America and Fold its remains into a NWO Globalist One-World Government System.
But it’s not over yet and things are not going so well for the Banksters. They are about 13 years behind schedule.
And until recently most Americans knew nothing about it.
America’s Monetary & Production System has been hijacked and used by London Banksters to entrap most the world in a Global Web of Debt.
This has enabled the Banksters to issue all the money they needed to buy up and control almost every American politician and Government official, many of whom serve unknowingly as CUTOUTS.
They have used their Babylonian “money magic” debt-based usury system of fiat “money” to asset strip most Americans of a great deal of the fruits of their labor and accrued assets, and now they are coming for their guns.
“A More Than Questionable Bernanke Fed Monetary Policy.”
“If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.” Thomas Jefferson (1743-1826), 3rd US President
“It is well enough that people … do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford (1863-1947), American automobile industrialist
“When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.” Frederic Bastiat (1801-1850), French economist
It is becoming increasingly obvious that the Bernanke Fed’s monetary policy of fixing short-term interest rates at close to zero percent, and (with inflation at two percent or so) of forcing negative real interest rates, was primarily designed not to help the U.S. economy but to shore up the super large American banks that were on the verge of bankruptcy when the investment bank Lehman Brothers failed on September 15, 2008. Indeed, with this policy, the Bernanke Fed has transferred hundreds of billions to these super banks at a huge cost to the rest of the economy and to international holders of U.S. dollars.
Just as the Greenspan Fed created the housing bubble and let the derivatives market explode, thus sowing the seeds of the 2007-2008 financial crisis, the Bernanke Fed, using faulty economic analysis, has embarked upon a policy of zero short-term interest rates for many years, —an open-ended QE3 policy of buying mortgages and other financial instruments with newly printed money, thus creating the largest bond bubble in U.S. history.
When the distortions it has created in the U.S. economy unfolds in the coming years, the true costs of this policy will become clearer. Indeed, when the Fed tries to unload the financial assets it has acquired from the near-insolvent super large American banks, in a not too distant future, bond prices will be in danger of collapsing and nominal interest rates could spike, with a very negative impact on financial markets and on the real economy.
Perception versus reality is truly frightening. Reality is much, much worse than perception. Average worker has to work for one month to earn what the average CEO earns in one hour.
Published on Nov 20, 2012
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.