G20 Bank Bail-In

February 17, 2015

On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook.

The new bail-in rules were discussed in my last post here. They are edicts of the Financial Stability Board (FSB), an unelected body of central bankers and finance ministers headquartered in the Bank for International Settlements in Basel, Switzerland. Where did the FSB get these sweeping powers, and is its mandate legally enforceable?

Those questions were addressed in an article I wrote in June 2009, two months after the FSB was formed, titled “Big Brother in Basel: BIS Financial Stability Board Undermines National Sovereignty.” It linked the strange boot shape of the BIS to a line from Orwell’s 1984: “a boot stamping on a human face—forever.” The concerns raised there seem to be materializing, so I’m republishing the bulk of that article here. We need to be paying attention, lest the bail-in juggernaut steamroll over us unchallenged.

The Shadowy Financial Stability Board

Alarm bells went off in April 2009, when the Bank for International Settlements (BIS) was linked to the new Financial Stability Board (FSB) signed onto by the G20 leaders in London. The FSB was an expansion of the older Financial Stability Forum (FSF) set up in 1999 to serve in a merely advisory capacity by the G7 (a group of finance ministers formed from the seven major industrialized nations). The chair of the FSF was the General Manager of the BIS. The new FSB was expanded to include all G20 members (19 nations plus the EU).

Formally called the “Group of Twenty Finance Ministers and Central Bank Governors,” the G20 was, like the G7, originally set up as a forum merely for cooperation and consultation on matters pertaining to the international financial system. What set off alarms was that the new Financial Stability Board had real teeth, imposing “obligations” and “commitments” on its members; and this feat was pulled off without legislative formalities, skirting the usual exacting requirements for treaties. It was all done in hasty response to an “emergency.” Problem-reaction-solution was the slippery slope of coups.

Buried on page 83 of an 89-page Report on Financial Regulatory Reform issued by the US Obama administration was a recommendation that the FSB strengthen and institutionalize its mandate to promote global financial stability. It sounded like a worthy goal, but there was a disturbing lack of detail. What was the FSB’s mandate, what were its expanded powers, and who was in charge? An article in The London Guardian addressed those issues in question and answer format:

Who runs the regulator? The Financial Stability Forum is chaired by Mario Draghi, governor of the Bank of Italy. The secretariat is based at the Bank for International Settlements’ headquarters in Basel, Switzerland.

Draghi was director general of the Italian treasury from 1991 to 2001, where he was responsible for widespread privatization (sell-off of government holdings to private investors). From 2002 to 2006, he was a partner at Goldman Sachs on Wall Street. He was succeeded in 2011 by Mark Carney, who also got his start at Goldman Sachs, working there for 13 years before going on to become Governor of the Bank of Canada in 2008 and Governor of the Bank of England in 2012. In 2011 and 2012, Carney attended the annual meetings of the controversial Bilderberg Group.

What will the new regulator do? The regulator will monitor potential risks to the economy . . . It will cooperate with the IMF, the Washington-based body that monitors countries’ financial health, lending funds if needed.

The IMF is an international banking organization that is also controversial. Joseph Stiglitz, former chief economist for the World Bank, charged it with ensnaring Third World countries in a debt trap from which they could not escape. Debtors unable to pay were bound by “conditionalities” that included a forced sell-off of national assets to private investors in order to service their loans.

What will the regulator oversee? All ‘systemically important’ financial institutions, instruments and markets.

The term “systemically important” was not defined. Would it include such systemically important institutions as national treasuries, and such systemically important markets as gold, oil and food?

How will it work? The body will establish a supervisory college to monitor each of the largest international financial services firms. . . . It will act as a clearing house for information-sharing and contingency planning for the benefit of its members. 

“Information-sharing” can mean illegal collusion. Would the information-sharing here include such things as secret agreements among central banks to buy or sell particular currencies, with the concomitant power to support or collapse targeted local economies?

What will the new regulator do about debt and loans? To prevent another debt bubble, the new body will recommend financial companies maintain provisions against credit losses and may impose constraints on borrowing.

What sort of constraints? The Basel Accords, imposed by the Basel Committee on Banking Supervision (also housed at the BIS) had not necessarily worked out well. The first Basel Accord, issued in 1998, had been blamed for inducing a recession in Japan from which that country had yet to recover; and the Second Basel Accord and its associated mark-to-market rule had been blamed for bringing on the 2008 crisis. (For more on this, see The Public Bank Solution.)

The Amorphous 12 International Standards and Codes

Most troubling, perhaps, was this vague parenthetical reference in a press release issued by the BIS, titled “Financial Stability Forum Re-established as the Financial Stability Board”:

As obligations of membership, member countries and territories commit to . . . implement international financial standards (including the 12 key International Standards and Codes) . . . . 

This was not just friendly advice from an advisory board. It was a commitment to comply, so you would expect some detailed discussion concerning what those standards entailed. But a search of the major media revealed virtually nothing. The 12 key International Standards and Codes were left undefined and undiscussed. The FSB website listed them, but it was vague. The Standards and Codes covered broad areas that were apparently subject to modification as the overseeing committees saw fit. They included money and financial policy transparency, fiscal policy transparency, data dissemination, insolvency, corporate governance, accounting, auditing, payment and settlement, market integrity, banking supervision, securities regulation, and insurance supervision.

Take “fiscal policy transparency” as an example. The “Code of Good Practices on Fiscal Transparency” was adopted by the IMF Interim Committee in 1998. The “synoptic description” said:

The code contains transparency requirements to provide assurances to the public and to capital markets that a sufficiently complete picture of the structure and finances of government is available so as to allow the soundness of fiscal policy to be reliably assessed.

Members were required to provide a “picture of the structure and finances of government” that was complete enough for an assessment of its “soundness” — but an assessment by whom, and what if a government failed the test? Was an unelected private committee based in the BIS allowed to evaluate the “structure and function” of particular national governments and, if they were determined to have fiscal policies that were not “sound,” to impose “conditionalities” and “austerity measures” of the sort that the IMF was notorious for imposing on Third World countries? Suspicious observers wondered if that was how once-mighty nations were to be brought under the heel of Big Brother at last.

For three centuries, private international banking interests have brought governments in line by blocking them from issuing their own currencies and requiring them to borrow banker-issued “banknotes” instead. Political colonialism is now a thing of the past, but under the new FSB guidelines, nations could still be held in feudalistic subservience to foreign masters.

Consider this scenario: the new FSB rules precipitate a massive global depression due to contraction of the money supply. XYZ country wakes up to the fact that all of this is unnecessary – that it could be creating its own money, freeing itself from the debt trap, rather than borrowing from bankers who create money on computer screens and charge interest for the privilege of borrowing it. But this realization comes too late: the boot descends and XYZ is crushed into line. National sovereignty has been abdicated to a private committee, with no say by the voters.

Marilyn Barnewall, dubbed by Forbes Magazine the “dean of American private banking,” wrote in an April 2009 article titled “What Happened to American Sovereignty at G-20?”:

It seems the world’s bankers have executed a bloodless coup and now represent all of the people in the world. . . . President Obama agreed at the G20 meeting in London to create an international board with authority to intervene in U.S. corporations by dictating executive compensation and approving or disapproving business management decisions.  Under the new Financial Stability Board, the United States has only one vote. In other words, the group will be largely controlled by European central bankers. My guess is, they will represent themselves, not you and not me and certainly not America.

The Commitments Mandated by the Financial Stability Board

Constitute a Commercial Treaty Requiring a Two-thirds Vote of the Senate

Are these commitments legally binding? Adoption of the FSB was never voted on by the public, either individually or through their legislators. The G20 Summit has been called “a New Bretton Woods,” referring to agreements entered into in 1944 establishing new rules for international trade. But Bretton Woods was put in place by Congressional Executive Agreement, requiring a majority vote of the legislature; and it more properly should have been done by treaty, requiring a two-thirds vote of the Senate, since it was an international agreement binding on the nation.

“Bail-in” is not the law yet, but the G20 governments will be called upon to adopt the FSB’s resolution measures when the proposal is finalized after taking comments in 2015. The authority of the G20 has been challenged, but mainly over whether important countries were left out of the mix. The omitted countries may prove to be the lucky ones, having avoided the FSB’s net.

Read more at http://www.maxkeiser.com/2014/12/bail-in-and-the-financial-stability-board-the-global-bankers-coup/#Wg6fdAyptvEMbxJr.99

Henry Kissinger – Food Energy Money – People Continents World

February 17, 2015

Thomas Jefferson Quotes Wisdom & Life

February 17, 2015

Thomas Jefferson

This 1953 Silver Certificate $2 Dollar was redeemable at any bank for $2 dollars worth of silver coin. Jefferson’s Portrait is on the Two $2.00 Dollar Bill (now a Federal IOU).

Thomas Jefferson
was a very remarkable man who started learning very early in life and never stopped.

At 5, began studying under his cousin’s tutor.

At 9, studied Latin, Greek and French.

At 14, studied classical literature and additional languages.

At 16, entered the College of William and Mary.
Also could write in Greek with one hand while writing the same in Latin with the other.

At 19, studied Law for 5 years starting under George Wythe.

At 23, started his own law practice.

At 25, was elected to the Virginia House of Burgesses.

At 31, wrote the widely circulated “Summary View of the Rights of British America” And
retired from his law practice.

At 32, was a delegate to the Second Continental Congress.

At 33, wrote the Declaration of Independence.

At 33, took three years to revise Virginia’s legal code and wrote a Public Education
bill and a statute for Religious Freedom.

At 36, was elected the second Governor of Virginia succeeding Patrick Henry.

At 40, served in Congress for two years.

At 41, was the American minister to France and negotiated commercial treaties with
European nations along with Ben Franklin and John Adams..

At 46, served as the first Secretary of State under George Washington.

At 53, served as Vice President and was elected president of the American Philosophical
Society.

At 55, drafted the Kentucky Resolutions and became the active head of Republican Party.

At 57, was elected the third president of the United States.

At 60, obtained the Louisiana Purchase doubling the nation’s size.

At 61, was elected to a second term as President.

At 65, retired to Monticello ..

At 80, helped President Monroe shape the Monroe Doctrine.

At 81, almost single-handedly created the University of Virginia and served as its first
president.

At 83, died on the 50th anniversary of the Signing of the Declaration of Independence along
with John Adams.

Thomas Jefferson knew because he himself studied the previous failed attempts at government. He understood actual history, the nature of God, His laws and the nature of man. That happens to be way more than what most understand today.

Jefferson really knew his stuff.

A voice from the past to lead us in the future (Jefferson Quotes and Wisdom):

John F. Kennedy held a dinner in the White House for a group of the brightest minds in the nation at that time. He made this statement: “This is perhaps the assembly of the most intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone.”

“When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe .”–Thomas Jefferson

“The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.”– Thomas Jefferson

“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.”– Thomas Jefferson

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”– Thomas Jefferson

“My reading of history convinces me that most bad government results from too much government.”–Thomas Jefferson

“No free man shall ever be debarred the use of arms.”–Thomas Jefferson

“The strongest reason for the people to retain the right to keep and bear arms is, as a
last resort, to protect themselves against tyranny in government.”– Thomas Jefferson

“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”–Thomas Jefferson

“To compel a man to subsidize with his taxes the propagation of ideas which he
disbelieves and abhors is sinful and tyrannical.”–Thomas Jefferson

Thomas Jefferson said in 1802: “I believe that banking institutions are more dangerous to our liberties than standing armies.

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property –
until their children wake-up homeless on the continent their fathers conquered.”

“Riddles” Surround 36th Dead Banker Of The Year

tp://freedomoutpost.com/2015/02/5-prominent-nyc-figures-die-train-crash-3-top-investment-bankers/#JXGmO2TOJKqEvTJZ.99

http://www.zerohedge.com/news/2014-12-07/riddles-surround-36th-dead-banker-year

Immigration Wall – Pilgram’s Plymouth Rock

February 13, 2015

Net Neutrality Passed in SECRET !

February 13, 2015
Internet Neutrality Bill 26th Feb 2015 TO PASS IN SECRET = Orwellian 1984 CENSORSHIP (332 pages)

If we find in the near future we are now living under China’s Propaganda and Censorship here in America  = our blogs/websites/emails/communications become blocked/scrubbed/removed/erased/fined/censored by the FCC with penalties of jail/ imprisonment/fines / reeducation internment government camps etc then don’t be surprised !
 Perhaps several of us shall simply come up “missing” or as the NWO Big Brother likes to parlay several mysterious “suicides”.
http://www.breitbart.com/big-hollywood/2015/02/09/republican-fcc-member-warns-net-neutrality-is-not-neutral/
When the Nazis came for the communists,
I remained silent;
I was not a communist.

When they locked up the social democrats,
I remained silent;
I was not a social democrat.

When they came for the trade unionists,
I did not speak out;
I was not a trade unionist.

When they came for the Jews,
I remained silent;
I wasn’t a Jew.

When they came for me,
there was no one left to speak out.

http://en.wikiquote.org/wiki/Martin_Niem%C3%B6ller
Even MTV gets it:
https://www.youtube.com/watch?v=JLnyJ9exTtE
TSA vs SS :

China:
https://www.youtube.com/watch?v=JlkLhVo3PbY
So, if in the future I am away…………..

Don’t Tread On Me…..Keep Your Powder Dry……When They Come for Your Blued Steel give Them Your Precious Metals = Lead, 2A, History Repeats = Weimar Republic by NWO DESIGN

ONE – the power of just one idea – man – women – movement !!!

October 31, 2013

problem, reaction, SOLUTION

October 31, 2013

Gasland 2

July 8, 2013

gasland part II

Gasland Part 2 II two

Josh Fox,

Just watched Gasland 2, appreciate both of your documentaries and would like to share my insights with you.

“Never mind the man behind the curtain” comes to mind.

First, Agenda 21, is a movement to push the population from rural locals into the cities: https://2012patriot.wordpress.com/?s=agenda+21

Secondly, the NWO’s #1 goal literally written in stone (Georgia Guidestones) is to reduce global population to only 500,000,000 (thru Democide):

https://2012patriot.wordpress.com/?s=georgia+guidestone

https://2012patriot.wordpress.com/?s=democide

Third, many of the 137 toxic fracking chemicals are also used in Chemtrails:

https://2012patriot.wordpress.com/?s=chemtrails

FYI:

https://www.facebook.com/gaslandmovie

Gun Control in England & Australia

January 12, 2013

2a George Washington

2a Guns NRA GOA Schindler's List

gun laws guns 2a nra goa nazi hitler

Australia guns 2a nra goa

2a guns nra goa more laws

2011 Deaths 2A NRA Guns v hammers knives drunks v malpractice

2a Guns NRA GOA hunting

2A guns nra goa holocaust jews democide genocide


Anti-Gun Statue @ the UN Building in New York City

You’re sound asleep when you hear a thump outside your bedroom door.

Half-awake, and nearly paralyzed with fear, you hear muffled whispers.

At least two people have broken into your house and are moving your way.

With your heart pumping, you reach down beside your bed and pick up your shotgun.

You rack a shell into the chamber, then inch toward the door and open it…

In the darkness, you make out two shadows.

One holds something that looks like a crowbar.

When the intruder brandishes it as if to strike, you raise the shotgun and fire.

The blast knocks both thugs to the floor.

One writhes and screams while the second man crawls to the front door

and lurches outside.

As you pick up the telephone to call police, you know you’re in trouble.

In your country, most guns were outlawed years before,

and the few that are privately owned are so stringently regulated as to make them useless..

Yours was never registered.

Police arrive and inform you

that the second burglar has died.

They arrest you for First Degree Murder

and Illegal Possession of a Firearm.

When you talk to your attorney, he tells you not to worry:

authorities will probably plea the case down to manslaughter.

“What kind of sentence will I get?” you ask.

“Only ten-to-twelve years,”

he replies, as if that’s nothing.

“Behave yourself, and you’ll be out in seven.”

The next day, the shooting is the lead

story in the local newspaper.

Somehow, you’re portrayed as an eccentric vigilante while the two men you shot are represented as choirboys.

Their friends and relatives can’t find an unkind word to say about them..

Buried deep down in the article, authorities acknowledge that both “victims” have been arrested numerous times.

But the next day’s headline says it all:

“Lovable Rogue Son Didn’t Deserve to Die.”

The thieves have been transformed from career criminals into Robin Hood-type pranksters..

As the days wear on, the story takes wings.

The national media picks it up,

then the international media.

The surviving burglar has become a folk hero.

Your attorney says the thief is preparing to sue you, and he’ll probably win.

The media publishes reports that your home has been burglarized several times in the past and

that you’ve been critical of local police for their lack

of effort in apprehending the suspects.

After the last break-in, you told your neighbor that you would be prepared next time.

The District Attorney uses this to allege

that you were lying in wait for the burglars.

A few months later, you go to trial.

The charges haven’t been reduced,

as your lawyer had so confidently predicted.

When you take the stand, your anger at

the injustice of it all works against you..

Prosecutors paint a picture of you

as a mean, vengeful man.

It doesn’t take long for the jury to convict you of all charges.

The judge sentences you to life in prison.

This case really happened.

On August 22, 1999, Tony Martin of Emneth, Norfolk , England , killed one burglar and wounded a second.

In April, 2000, he was convicted and is now serving a life term..

How did it become a crime to defend one’s own life in the once great British Empire ?

It started with the Pistols Act of 1903.

This seemingly reasonable law forbade selling pistols to minors or felons and

established that handgun sales were to be made only to those who had a license.

The Firearms Act of 1920 expanded licensing to include not only handguns but all firearms except shotguns..

Later laws passed in 1953 and 1967 outlawed the carrying of any weapon by private citizens and

mandated the registration of all shotguns.

Momentum for total handgun confiscation began in earnest after the Hungerford mass shooting in 1987.

Michael Ryan, a mentally disturbed man with a Kalashnikov rifle, walked down the street shooting everyone he saw.
When the smoke cleared, 17 people were dead.

The British public, already de-sensitized by eighty years of “gun control”, demanded even tougher restrictions.

(The seizure of all privately owned handguns was the objective even though Ryan used a rifle.)

Nine years later, at Dunblane , Scotland ,

Thomas Hamilton used a semi-automatic weapon to murder 16 children and a teacher at a public school.

For many years, the media had portrayed all gun owners as mentally unstable, or worse, criminals.

Now the press had a real kook with which to beat up law-abiding gun owners.

Day after day, week after week, the media gave up all pretense of objectivity and demanded a total ban on all handguns.

The Dunblane Inquiry, a few months later, sealed the fate of the few sidearm’s

still owned by private citizens.

During the years in which the British government incrementally took away most gun rights,

the notion that a citizen had the right to armed self-defense came to be seen as vigilantism.

Authorities refused to grant gun licenses to people who were threatened,

claiming that self-defense was no longer considered a reason to own a gun.

Citizens who shot burglars or robbers or rapists were charged while the real criminals were released.

Indeed, after the Martin shooting, a police spokesman was quoted as saying,

“We cannot have people take the law into their own hands.”

All of Tony Martin’s neighbors had been robbed numerous times,
and several elderly people were severely injured in beatings by young thugs
who had no fear of the consequences.
Martin himself, a collector of antiques,
had seen most of his collection
trashed or stolen by burglars.

When the Dunblane Inquiry ended,
citizens who owned handguns
were given three months to turn them over to local authorities.

Being good British subjects,
most people obeyed the law.
The few who didn’t were visited by police
and threatened with ten-year prison sentences if they didn’t comply.

Police later bragged that they’d taken
nearly 200,000 handguns from private citizens.

How did the authorities know who had handguns?
The guns had been registered and licensed.
Kind of like cars. Sound familiar?

WAKE UP AMERICA ;

THIS IS WHY OUR FOUNDING FATHERS PUT THE SECOND AMENDMENT IN OUR CONSTITUTION.

“…It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people’s minds..”
–Samuel Adams

If you think this is important, please forward to everyone you know.

You had better wake up, because Obama is doing this very same thing, over here, if he can get it done.

And there are people in congress and on the street that will go right along with him.

Gasland

December 27, 2012

gasland-poster1

http://www.gaslandthemovie.com//a>

Gasland Big

Full Gasland Movie link:
http://vimeo.com/38843993/a>

gasland map

Josh Fox – Debra Winger – Democide – Agenda 21 – Poisoning of Rural lands water and populations


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