A new set of regulations that most people have never even heard of that was developed by an immensely powerful central banking organization that most people do not even know exists is going to have a dramatic effect on the global financial system over the next several years. The new set of regulations is known as "Basel III", and it was developed by the Bank for International Settlements. The Bank for International Settlements has been called "the central bank for central banks", and it is headquartered in Basel, Switzerland. 58 major central banks (including the Federal Reserve) belong to the Bank for International Settlements, and the decisions made in Basel often have more of an impact on the direction of the global economy than anything the president of the United States or the U.S. Congress are doing. All you have to do is to look back at the last financial crisis to see an example of this. Basel II and Basel 2.5 played a major role in precipitating the subprime mortgage meltdown. Now a new set of regulations known as "Basel III" are being rolled out. The implementation of these new regulations is beginning this year, and they will be completely phased in by 2019. These new regulations dramatically increase capital requirements and significantly restrict the use of leverage. Those certainly sound like good goals, the problem is that the entire global financial system is based on credit at this point, and these new regulations are going to substantially reduce the flow of credit. The only way that the giant debt bubble that we are all living in can continue to persist is if it continues to expand. By restricting the flow of credit, these new regulations threaten to burst the debt bubble and bring down the entire global economy.

Not that the current global financial system is sustainable by any means. Anyone with half a brain can see that the global financial system is a pyramid scheme that is destined to collapse. But Basel III may cause it to collapse faster than it might otherwise have.

'I can't see us getting out of this mess without an incredibly violent uprising globally and with this knowledge born in mind, otherwise it'll be just another revolution.

andyh wrote: This is why I see the current happenings in Frankfurt as really important, and to a much lesser extent the behaviour of groups like the EDL, because these people need to decide whose side they're on, as they're definitely going to get fucked over too. Even if you know what's coming and make some sort of preparation for it, the situation is still going to get very difficult, and I guarantee that 99.9% of the police have made no preparation whatsoever. Are they going to continue to attack protesters and defend the criminal establishment? How bad does it have to get before they stop guarding the ECB?

You would think that to create a system of virtually total enslavement you'd need to do it in private and disguise your motives. In fact, you can do it publicly, it can all be 100% documented, with all of the physical documents available in the public domain, and people will still defend the people that are instigating in when they're told to, and attack the few members of the general public that care.

Look at n Ireland for your answer wub
Brit troops will open fire on their own

This is in Switzerland the country that is slap bank in the middle of Europe and managed to stay out of both world wars just through luck of course

I often wonder if the Swiss guards at the Vatican aren't symbolic in nature.

Thanks Wub a great topic, isn't this all micro managed and will go down when they want it to? Or is just one big cluster fuck? I was always of the opinion that's its the way the elite bankers want it to be and they will pull the plug when they want a full on digital global system.

www.telegraph.co.uk/finance/personalfina...lders-are-suing.html

Its difficult to find followup on this...basically it looks like way back in 2001 the central banks involved wanted to buy out the private shareholders of the BIS, leaving solely the CB crowd in charge.

I missed this and no doubt many others did too, I don't recall any mention of this, but here you can see these guys playing their hand a long time ago people. This is yet more proof they have had this planned for a long long time.

Currently, 86 percent of the shares of the BIS are registered in the names of central banks, and 14 percent are held by private shareholders.

"Between 1933 and 1945, the board of directors of The Bank for International Settlements included Walter Funk, a prominent Nazi official; and Emil Puhl, who were both convicted at the Nuremberg trials after World War II, as well as Hermann Schmitz, the director of IG Farben; and Baron von Schroeder, the owner of the J.H.Stein Bank, the bank that held the deposits of the Gestapo. There were allegations that The Bank for International Settlements had helped the Germans loot assets from occupied countries during World War II."


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