World Financial Crisis Redux

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My city is now at 13.7 Offiicial for last month. Harper "We won't see a recession" Really? Now if we use real world data like workshare, part time, and unable to recieve benefits the numbers are much worse. Nor does that factor taking lesser jobs to pay the rent. Probably close to 1 in 4 or 1 in 5. When you say that as 1 in 4 that sounds intense, more so than just a number. If in a group of 20 people and 5 of them don't have a job and your the middle class that speaks volumes to what is really happening. Thanks for the chart doc.


[url=]The Tower of Basel: Secretive Plans for the Issuing of a Global Currency[/url]

Do we really want the Bank for International Settlements (BIS) issuing our global currency?


In an April 7 article in The London Telegraph titled "The G20 Moves the World a Step Closer to a Global Currency," Ambrose Evans-Pritchard wrote:

"A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order. 

"We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,' it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century. 

 "In effect, the G20 leaders have activated the IMF's power to create money and begin global 'quantitative easing'. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it."

 Indeed they will.  The article is subtitled, "The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity."  Which naturally raises the question, who or what will 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 last September, they discussed what body might be in a position to serve in that awesome and fearful role. . .

And if that vision doesn't alarm conspiracy theorists, it should.  The BIS has been called "the most exclusive, secretive, and powerful supranational club in the world." 

Founded in Basel, Switzerland, in 1930, it has been scandal-ridden from its beginnings.  According to Charles Higham in his book Trading with the Enemy, by the late 1930s the BIS had assumed an openly pro-Nazi bias. 

This was corroborated years later 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.


Freddie Mac's CFO apparently committed suicide. Uh-oh! I wonder what he knew.


N.Beltov N.Beltov's picture

I've started another thread on this important topic.