The most interesting thing to me is that he backs up his assertions very well from other sources like the Wall Street Journal and CNBC, meaning it is real! I don't know whether we should be scared of it or not, but it is real and we do know a few things about it and the things we do know should be alarming to everyone outside the elite.
Quoting from the middle of his post:
In a recent article entitled "Who Runs The World? Solid Proof That A Core Group Of Wealthy Elitists Is Pulling The Strings", I included a quote from Georgetown University history professor Carroll Quigley from a book that he wrote all the way back in 1966 in which he discussed the big plans that the elite had for the Bank for International Settlements...
[T]he 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 Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.Back then, the Bank for International Settlements was only just starting to play a major role in global affairs. But over the years the BIS began to become increasingly important. The following is an excerpt from an article by Ellen Brown...
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.
OK, that's disturbing. A democracy doesn't function well if a few people or groups are above law. We're all supposed to be subject to laws equally! He then explains why the markets jump when Bernanke talks but not Obama - because Bernanke controls the money (and he says that Bernanke takes orders from the BIS, which he backed up with a source, on investorsinsight.com ).
Here's the other bit you should read if you don't hop over to The Economic Collapse Blog to read it all in its entirety:
The Bank for International Settlements is above the law...
Maybe we'd feel better about the BIS if it were more transparent, but most everything about it, including its bi-monthly member and board meetings, is shrouded in secrecy. And perhaps more worrisome is that the BIS is free from oversight. By rights granted under its agreement with the Swiss Federal Council, all of the bank's archives, documents and "any data media" are "inviolable at all times and in all places." Furthermore, officers and employees of BIS "enjoy immunity from criminal and administrative jurisdiction, save to the extent that such immunity is formally waived . . . even after such persons have ceased to be Officials of the Bank." Finally, no claims against BIS or its deposits may be enforced "without the prior agreement of the Bank."If the BIS wants to "intervene" in the financial markets, they simply just do it.
In other words they can do whatever they want, without consequences. How's that for a leak-proof legal umbrella?
If the BIS wants to bail out big banks or even entire nations, they simply just do it.
The BIS reminds me of this old joke...
Q: Where does an 800 pound gorilla sit?
A: Anywhere it wants to.
So what is next for the Bank for International Settlements?
Well, many have speculated that eventually the goal is to have just a single global currency which will be administered by a single global central bank. The BIS is already using Special Drawing Rights (SDRs), which are considered to be a precursor to the coming global currency. The BIS played a big role in the adoption of the euro, and more currency integration is almost certainly on the way in future years...
But in the end, how you feel about the BIS may come down to how you feel about a one-world currency. The bank was a major player promoting the adoption of the euro as Europe's common currency. There are rumors that its next project is persuading the U.S., Canada and Mexico to switch to a similar regional money, perhaps to be called the "amero," and it's logical to assume the bank's ultimate goal is a single world currency. That would simplify transactions and really solidify the bank's control of the planetary economy.But if the United States ever did give up the U.S. dollar, it would be a massive blow to our national sovereignty.
When someone else controls your money, it doesn't really matter that much who makes the laws.
It's a good thing to be aware of, if nothing else. It's not like we can do anything about the BIS directly - they're above all laws!
Meanwhile, the Fed bought more debt than the treasury issued.