- There are no doubts that a One World Currency is already in the works and will be launched sometime end 2012! I have mentioned that the IMF is likely to be the global supra-national central bank with the BIS as backup. There will be 2 organizations in this coming world government: a global central bank and a world treasury department (Ministry of Finance). The IMF, World Bank and BIS will fulfil these 2 roles.
- The Illuminists are setting up the world for a calamitous collapse to usher in their new Monetary Hegemony, Luciferian New World Order –> ’666′. This excellent article by Ellen Brown shines more light on the ultra secret Illuminist BIS! Quote:
‘Why did the BIS sit idly by, they asked, as the global economy came crashing down? Was the goal to create so much economic havoc that the world would rush with relief into the waiting arms of a global economic policeman with its privately-created global currency?’
Ellen Brown: Secretive Plan For a Global Currency
Excerpt from “The Global Economic Crisis: The Great Depression of the XXI Century”
The following is an excerpt of a chapter by Ellen Brown from the new book by Global Research Publishers, “The Global Economic Crisis: The Great Depression of the XXI Century.”
By acting together to fulfill these pledges we will bring the world economy out of recession and prevent a crisis like this from recurring in the future. We are committed to take all necessary actions to restore the normal flow of credit through the financial system and ensure the soundness of systemically important institutions, implementing our policies in line with the agreed G20 framework for restoring lending and repairing the financial sector. We have agreed to support a general SDR allocation which will inject $250bn into the world economy and increase global liquidity.– G20 Communiqué, London, April 2, 2009
Towards a New Global Currency?
Is the Group of Twenty Countries (G20) envisaging the creation of a Global Central bank? Who or what would serve as this global central bank, cloaked with the power to issue the global currency and police monetary policy for all humanity? When the world’s central bankers met in Washington in September 2008 at the height of the financial meltdown, they discussed what body might be in a position to serve in that awesome and fearful role. A former governor of the Bank of England stated:
The answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS)… The IMF tends to couch its warnings about economic problems in very diplomatic language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.
And if the vision of a global currency outside government control was not enough to set off conspiracy theorists, putting the BIS in charge of it surely would be. The BIS has been scandal-ridden ever since it was branded with pro-Nazi leanings in the 1930s. Founded in Basel, Switzerland, in 1930, the BIS has been called “the most exclusive, secretive, and powerful supranational club in the world.” Charles Higham wrote in his book Trading with the Enemy that by the late 1930s, the BIS had assumed an openly pro-Nazi bias, a theme that was expanded on in a BBC Timewatch film titled “Banking with Hitler” broadcast in 1998. In 1944, the American government backed a resolution at the Bretton Woods Conference calling for the liquidation of the BIS, following Czech accusations that it was laundering gold stolen by the Nazis from occupied Europe; but the central bankers succeeded in quietly snuffing out the American resolution.
In Tragedy and Hope: A History of the World in Our Time (1966), Dr. Carroll Quigley revealed the key role played in global finance by the BIS behind the scenes. Dr. Quigley was Professor of History at Georgetown University, where he was President Bill Clinton’s mentor. He was also an insider, groomed by the powerful clique he called “the international bankers.” His credibility is heightened by the fact that he actually espoused their goals. Quigley wrote:
I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960’s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments… In general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known…
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 feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.
The key to their success, said Quigley, was that the international bankers would control and manipulate the money system of a nation while letting it appear to be controlled by the government.
The statement echoed one made in the 18th century by the patriarch of what became the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild is quoted as saying in 1791: “Allow me to issue and control a nation’s currency, and I care not who makes its laws.” Mayer’s five sons were sent to the major capitals of Europe – London, Paris, Vienna, Berlin and Naples – with the mission of establishing a banking system that would be outside government control. The economic and political systems of nations would be controlled not by citizens but by bankers, for the benefit of bankers.
Eventually, a privately-owned “central bank” was established in nearly every country. This central banking system has now gained control over the economies of the world. Central banks have the authority to print money in their respective countries, and it is from these banks that governments must borrow money to pay their debts and fund their operations. The result is a global economy in which not only industry but government itself runs on “credit” (or debt) created by a banking monopoly headed by a network of private central banks. At the top of this network is the BIS, the “central bank of central banks” in Basel.
Behind the Curtain
For many years the BIS kept a very low profile, operating behind the scenes in an abandoned hotel. It was here that decisions were reached to devalue or defend currencies, fix the price of gold, regulate offshore banking, and raise or lower short-term interest rates. In 1977, however, the BIS gave up its anonymity in exchange for more efficient headquarters. The new building has been described as “an eighteen story-high circular skyscraper that rises above the medieval city like some misplaced nuclear reactor.” It quickly became known as the “Tower of Basel.” Today the BIS has governmental immunity, pays no taxes, and has its own private police force. It is, as Mayer Rothschild envisioned, above the law.
The BIS is now composed of 55 member nations, but the club that meets regularly in Basel is a much smaller group; and even within it, there is a hierarchy. In a 1983 article in Harper’s Magazine called “Ruling the World of Money,” Edward Jay Epstein wrote that where the real business gets done is in “a sort of inner club made up of the half dozen or so powerful central bankers who find themselves more or less in the same monetary boat” – those from Germany, the United States, Switzerland, Italy, Japan and England. Epstein said:
The prime value, which also seems to demarcate the inner club from the rest of the BIS members, is the firm belief that central banks should act independently of their home governments… A second and closely related belief of the inner club is that politicians should not be trusted to decide the fate of the international monetary system.
In 1974, the Basel Committee on Banking Supervision was created by the central bank Governors of the Group of 10 nations (now expanded to twenty). The BIS provides the twelve-member Secretariat for the Committee. The Committee, in turn, sets the rules for banking globally, including capital requirements and reserve controls. In a 2003 article titled “The Bank for International Settlements Calls for Global Currency,” Joan Veon wrote:
The BIS is where all of the world’s central banks meet to analyze the global economy and determine what course of action they will take next to put more money in their pockets, since they control the amount of money in circulation and how much interest they are going to charge governments and banks for borrowing from them…
When you understand that the BIS pulls the strings of the world’s monetary system, you then understand that they have the ability to create a financial boom or bust in a country. If that country is not doing what the money lenders want, then all they have to do is sell its currency.
…. to continue reading click here!
- Do Zionist ’666′ Israel really want peace? Absolutely not! The country is run by madmen who is bent on deceiving even its own people to further their genocidal agenda! Here are some ‘illustrious’ Zionist quotes:
Joseph Weitz, head of the Jewish Agency’s Colonization Department, wrote in 1940:
“Between ourselves, it must be clear that there is no room for both peoples together in this country. We shall not achieve our goal if the Arabs are in this small country. There is no other way than to (get rid of) all of them. Not one village, not one tribe should be left.”
The secret Koenig Report, later published in 1976, said:
“We must use terror, assassination, intimidation, land confiscation and the cutting of all social services to rid the Galilee of its Arab population.”
Chairman Heilbrun of the Committee for the Re-Election of Tel Aviv mayor Shlomo Lahat (1974 – 1993) stated:
“We have to kill all the Palestinians unless they are resigned to live here as slaves.”
Former IDF Chief of Staff Raphael Eitan (1978 – 1983) said:
“We declare openly that the Arabs have no right to settle on even one centimeter of Eretz Israel….Force is all they do or ever will understand. We shall use the ultimate force until the Palestinians come crawling to us on all fours.”
Other Israeli leaders voiced similar extremism, including David Ben Gurion, Israel’s first prime minister, saying in 1937 that :
“We must expel the Arabs and take their place and if we have to use force, to guarantee our own right to settle in those places – then we have force at our disposal.”
- Zionist, Moshe Sharett, who was Israeli’s first Foreign Minister from 1948-1956, and Prime Minister from 1954-1956 said (emphasis mine):
In his diary, Sharett quotes a conversation with Army Chief of Staff Moshe Dayan in May 1955:
“We face no danger at all of an Arab advantage of force for the next 8-10 years…Reprisal actions which we couldn’t carry out if we were tied to a security pact are our vital lymph…they make it possible for us to maintain a high level of tension in our population and in the army. Without these actions we would have ceased to be a combative people… “
Sharett concludes: “The state…. must see the sword as the main if not the only, instrument with which to keep its morale high and to retain its moral tension. Toward this end it may — no it MUST — invent dangers, and to do this it must adopt the method of provocation and revenge…. And above all, let us hope for a new war with the Arab countries so that we may finally get rid of our troubles and acquire our space.”
- The murder of 5 Israelis at Ithamar was not done by Palestinians but by Asian workers. It is an obvious psyop to mislead the sheeple into thinking the Palestinians were involved. See: Suspect in Settlement Murder Not a Palestinian But an Asian Worker! IDF Silent on This!
William Hague warns over Israel settlements
The Independent UK
Israeli settlement building “runs contrary to peace”, William Hague said after calling for an end to new construction in talks with the country’s defence minister. The Foreign Secretary said he raised the UK’s “serious concern” over the announcement of 400 new units in the West Bank during a “constructive” meeting with Ehud Barak yesterday.
Amid British fears that unrest in Libya and elsewhere could further damage the stalled Middle East process, he called on both sides to return to negotiations. Mr Hague also condemned last weekend’s murder of five Israelis in Itamar and an arms shipment bound for Gaza believed to have come from Iran. ”I had a constructive wide-ranging meeting with Defence Minister Barak today,” he said last night. ”I underlined that the UK unreservedly condemns the murder of the family in Itamar on March 11.
“On the Middle East peace process, the UK has been clear that both sides should urgently return to negotiations, based on clear parameters supported by the international community, in order to resolve final status issues. ”Together with France and Germany, we have set out our views on what those parameters should be. ”I reiterated this position today and expressed our serious concern over the recent announcement of 400 new housing units in the West Bank. Continued settlements run contrary to peace.”
GEAB N°53: Global Systemic Crisis – Second Half of 2011 – Get Ready For The Meltdown of The US Treasury Bond Market!
- Despite all the assurance by the FedRes and the US government, the path America is on is unsustainable. Something has to give! It is either the USD or treasury bond market or both! IMO, it will be both! The word on the street is the FedRes is buying up as much as 70-80% of the treasuries issued. With Japan no longer able to buy, the FedRes will have to monetize more bonds. Foreign countries will come to the conclusion that it is better to exit the market before the stampede starts!
GEAB N°53! Global systemic crisis: Second half of 2011 – Get ready for the meltdown of the US Treasury Bond market
Beyond its tragic human consequences (1), the terrible disaster that has just hit Japan weakens the shaky US Treasury Bond market a little more. In the GEAB No. 52, our team had already explained how the sequence of Arab revolutions, this fall of the “petro-dollar” wall (2), would translate during 2011 into the cessation of the massive purchases of US Treasury Bonds by the Gulf States. In this issue, we anticipate that the sudden shock experienced by the Japanese economy will lead not only to the halt in US T-Bond purchases by Japan, but it will force the authorities in Tokyo to make substantial sales of a significant portion of their US Treasury Bond reserves to finance the enormous cost of stabilization, reconstruction and revival of the Japanese economy (3).
With Japan and the Gulf States alone accounting for 25% of the total 4.4 trillion USD of US federal debt (December 2010), LEAP/E2020 believes that this new situation which is asserting itself during the first quarter of 2011, against a background of China’s increasing reluctance (holding 20% of US Treasury Bonds) to continue to invest in US government debt (4), carries the seeds for the collapse of the US Treasury Bond market in the second half of 2011, a market that now has only a single buyer: the US Federal Reserve (5).
It is certain that the context of the crisis of US local authority securities (Munis) and European government debt (the entire periphery of the EU, including the United Kingdom) that our team anticipated for this timeframe (see GEAB N°50 ), will only exacerbate the event. Moreover, it is highly significant that PIMCO the world’s largest bond fund manager decided, at the end of February 2011, to liquidate its US Treasury Bond holdings. And that was before the disaster in Japan (6)!
But beyond the Japanese and Arab shocks (see GEAB N°52), the process of US Federal debt market implosion in the second half of 2011 is accelerating under the effect of four other events:
. the introduction of budget austerity in the US (as anticipated in GEAB No. 47) which condemns US local authorities to a major crisis in the market for their debt (“Munis”)
. impossible for the Fed to introduce QE3
. the inevitable rise in interest rates against a backdrop of global inflation
. the end of safe-haven status for the US currency.
Of course, these events are related and, characteristic of a major crisis, we are entering a period that will see a mutual strengthening of their effects, leading to this sudden shock in the second quarter of 2011. Incidentally, we could add a fifth event: the complete decisional paralysis of the US powers. The daily confrontation on virtually all subjects, between Republicans (hardened by the “Tea Parties”) and Democrats (demoralized by an Obama administration that has betrayed the substance of its campaign promises (7)), tends to show, a little more each day, that Washington has become a sort of “Ship of Fools ”, tossed about by events, without any strategy, without willpower, incapable of action(8); in other words, according to LEAP/E2020, when the US Treasury Bond collapse begins, one cannot expect anything from Washington other than a colossal squawking that will only worsen the crisis.
In this issue’s public announcement, we have chosen to present our anticipation of the Japanese shock on a global scale, in particular in terms of inflation and geopolitics, in more detail. The other events that lead to the collapse of the US Treasury Bond market in the second half of 2011 are analyzed in this issue, where we also set out our recommendations to address the clear worsening of the global geopolitical dislocation process.
The triple disaster that has just hit Japan (earthquake, tsunami and nuclear accident) is a crucial event that will accelerate and intensify the global systemic crisis, and in particular the process of global geopolitical dislocation.
The scale of destruction, the direct impact on the energy infrastructure of the third (or fourth) largest economy in the world (9), the severity of the accidents at the nuclear power plants (10), … is one of the major shocks which the current international system is no longer able to withstand as we anticipated in the GEAB N° 51 (“2011: The Ruthless Year “). Japan, already seriously weakened by a chronic economic crisis that has lasted for twenty years and whose government debt is one of the largest in the world, now finds itself faced with the need to both finance a large-scale reconstruction and secure major change over an indefinite period characterized by a limitation of available energy and the disruption of commercial and industrial supply chains. Yet Japan is a fundamental part of the system of global governance of recent decades. Tokyo is one of the world’s major financial centers, one of the three management hubs of the foreign exchange markets (along with London and New York) and the Japanese economy supplies a quantity of electronic components vital to the global economy. Finally, as we have analyzed in past issues, it is, with the United Kingdom, one of the two “floats” (11) that has allowed the US to manage global economic, monetary and financial affairs for over fifty years.
For several years now this “float” has been increasingly attracted to the Chinese sphere of influence, keeping pace with China’s increasing strength and the weakening of the United States. The crisis triggered by the earthquake will, according to LEAP/E2020, greatly accelerate this trend particularly because today, only China has the capacity to provide massive financial aid to Japan (12), while directly helping its economy by opening the huge Chinese market to Japanese business even more (13).
As regards global inflation, we can already identity five channels by which the Japanese crisis will reinforce current inflationary pressures:
• the abrupt end to the policy of the expansion of the civil nuclear industry worldwide (14) will rapidly increase pressure on the price of oil (15), gas and coal
• the shortage of many vital electronic parts which will mean higher prices for electronic equipment (from computers to flat screen TVs (16)) because of power cuts that affect plants and transport disruption (17)
• increased pressure on world food and energy prices (18) due to a significant increase in Japanese food imports (especially rice) since the area affected is one of the country’s major agricultural regions (see map below)
• a further decline in the world economy following the global consequences of the near-halt of the Japanese economy, champion of both exports and “just-in-time” delivery (19), which will limit as much the “deflation” effect of globalized trade (20)
• and finally, a double phenomenon of a falling yen due to massive injections of liquidity by the Bank of Japan and the immediate increase in the worldwide “borrowing cost” of money (higher interest rates) because of Japan’s huge needs to carry out its reconstruction.
These anticipations obviously don’t incorporate the ultimate disaster scenario that would see the Tokyo region heavily contaminated by radioactivity following an explosion and radioactive fallout at the Fukushima plant (21). Such a situation would, just like Chernobyl, lead to the creation of an exclusion zone affecting this region of more than thirty million inhabitants and which is at the heart of the flow of global basic necessities, and would lead to an historically unprecedented humanitarian disaster and an immediate disruption of economic, global, financial and monetary markets. Quite simply, there is no “plan B” for a “sudden shutdown” of the global intersection that Tokyo and the surrounding region constitutes.
Whist hoping that this extreme situation doesn’t materialize, our team believes that the shock that has taken place will, therefore, result in a sudden worsening of the global systemic crisis and that the US Treasury Bond market will be the first major collateral casualty from the second half of 2011, as we analyze in detail in this issue. Thankfully the worst situation may not happen but, on the other hand, there’s no doubt that it’s very serious.