Bank for International Settlements on Big Banks
The shadow-banking component that adds to the risk of non-regulatory oversight just deepens the mystery behind the most powerful banking institution that runs roughshod over global finance. In order to gain an insight into the complexity of deception, examine the function of the BIS. The granddaddy of all central banks, the Bank for International Settlement, latest BIS Annual Report 2011/2012, foretells future financial consolidation.
Watch the Banker to the World’s Bank: Time to Deleverage, video interview on CNBC.
From Chapter V. Restoring fiscal sustainability, in this report concludes:
The section called, Box VI.A: Shadow banking, states:
The bombshell news that raises alarm is the admission that “Too Big To Fail” is still the operative principle that drives the banking system into an unsustainable servicing of debt obligations. The cloak of the shadow banking practice, intended to circumvent usual regulatory standards, creeps along the soft underbelly of respectable central banking. When a collapse catches up with the racket of excessive leverage, the ensuing scandal is directed to some esoteric phantom operation that is expendable.
The analysis in Big Banks Take Risks Expecting Taxpayers To Cover Lossesidentifies who ultimately bears the risk of the world fiat, debt created, financial system.
Protecting the fractional reserve scheme, at all cost, is the true purpose of the BIS. Sovereign holdings, with their ensuing national debt owed to the banksters pays homage to the real owners of underlying collateral assets.
From a source in the essay, Revolution against Central Banks, explains a scheme of global magnitude for financial control.
By any objective standard of decency and accountability, the BIS is the ultimate clearinghouse of worldwide debt for the New World Order. Need proof, just reflect on the diversion used by a captain from one of the most powerful “Godfather” family of investment banking.
Finally in, Time to Stop Expecting So Much From the Fed?, Goldman Sachs strategist Jim O’Neill told CNBC:
World consumers are being pick-pocketed in the graveyard of financial ruin. Strip away the skin of a decayed corpse and what remains is the stark skeleton of a dead paper monitory system. The life-support methods used to keep the interest payments accruing, only forestall the day of reckoning. The end game for the central bankers is foreclosure on pledged guarantees. Currency swaps will become a recall of national fiat species and a replacement with a float of a new world coinage.
National governments are mere public diversions from the real power behind the thrones.
For additional information on the BIS, visit the Facebook Group, BIS (Bank for International Settlements) awareness.
James Hall – BATR