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Basel III: How The Bank For International Settlements Is Going To Help Bring Down The Global Economy

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The Bank For International Settlements - Photo by Yago VeithA new set of regulations that most people have never even heard of that was developed by an immensely powerful central banking organization that most people do not even know exists is going to have a dramatic effect on the global financial system over the next several years.  The new set of regulations is known as “Basel III”, and it was developed by the Bank for International Settlements.  The Bank for International Settlements has been called “the central bank for central banks”, and it is headquartered in Basel, Switzerland.  58 major central banks (including the Federal Reserve) belong to the Bank for International Settlements, and the decisions made in Basel often have more of an impact on the direction of the global economy than anything the president of the United States or the U.S. Congress are doing.  All you have to do is to look back at the last financial crisis to see an example of this.  Basel II and Basel 2.5 played a major role in precipitating the subprime mortgage meltdown.  Now a new set of regulations known as “Basel III” are being rolled out.  The implementation of these new regulations is beginning this year, and they will be completely phased in by 2019.  These new regulations dramatically increase capital requirements and significantly restrict the use of leverage.  Those certainly sound like good goals, the problem is that the entire global financial system is based on credit at this point, and these new regulations are going to substantially reduce the flow of credit.  The only way that the giant debt bubble that we are all living in can continue to persist is if it continues to expand.  By restricting the flow of credit, these new regulations threaten to burst the debt bubble and bring down the entire global economy.

Not that the current global financial system is sustainable by any means.  Anyone with half a brain can see that the global financial system is a pyramid scheme that is destined to collapse.  But Basel III may cause it to collapse faster than it might otherwise have.

So precisely what is Basel III?  The following is a definition from the official website of the Bank for International Settlements…

“Basel III” is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk management of the banking sector. These measures aim to:

  • improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source
  • improve risk management and governance
  • strengthen banks’ transparency and disclosures.

All of that looks good at first glance.  But when you start looking into the details you start realizing what it is going to mean for the global financial system.  Banks are going to be required to have higher reserve ratios and use less leverage.  Banks are going to have to be more careful with their money, which is a good thing, but it is also going to mean that credit will not flow as freely.  Unfortunately, the only way for a debt bubble to survive is if it keeps expanding.  Anything that restricts the flow of easy money threatens to bring a debt bubble to an end.

These new regulations are going to be phased in between 2013 and 2019.  You can see a chart which shows the implementation schedule for the Basel III regulations right here.

So why is bringing the debt bubble to an end a bad thing?

Well, because it will cause the false prosperity that we have been enjoying to disappear, and that will be an exceedingly painful adjustment.

Sadly, most people have no idea what is happening.  Most people have never even heard of “Basel III” or “the Bank for International Settlements”.  Most people just assume that the people they voted into office know what they are doing and have everything under control.

Unfortunately, that is not the case at all.  The truth is that an unelected, unaccountable body of central bankers is making decisions which deeply affect us all, and there is not much that we can do about it.

This unelected, unaccountable body of central bankers played a major role in bringing about the last financial crisis.  The following is a brief excerpt from a recent article posted on Before It’s News

If you have any questions about the power of these Basel Banking Regulations you can also see the effects that Basel II and 2.5, mark to market accounting, had on the Housing Markets in the United States of America in 2008. There were many causes for that housing bubble, then housing crisis, but Basel II and 2.5 was most assuredly the pin that popped the housing bubble that led to the financial crisis of 2008-09.

But do most people know about this?

Of course not.  Most people want to blame the Republicans or the Democrats or Bush or Obama, and they have no idea about the financial strings that are being pulled at the highest levels.

It is so important that we get people educated about how the global financial system actually works.  The following is a summary of how the Bank for International Settlements works from one of my previous articles entitled “Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does“…

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that “it is not accountable to any single national government.”  The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does.  Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”.  During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on.  The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.

Even though most people have never even heard of the BIS, the truth is that the global elite have had big plans for it for a very long time.  In another article I included a quote from a book that Georgetown University history professor Carroll Quigley wrote many years ago entitled “Tragedy & Hope”…

[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.

Today we have such a system, and most of the public does not even know that it exists.

And when the next great financial crisis strikes, there will probably be very little ever said about the Bank for International Settlements in the mainstream media.

But right now the BIS is helping set the stage for the great credit crunch that is coming.

Get prepared while you still can, because time is running out.

  • JAH666

    Maybe it’s time. A real crash and burn for the world would be the wake-up call of all time for the vast number of sheeple and mind-numbed robots that scurry about the world. I’m ready; bring it on.

    • Curtis

      There is going to be tension. When a qualified person can’t get the expected job because of Rockefeller-funded feminism and affirmative action, it makes that person wiser.
      The person will seek the truth, and will see that the powers that be are rewarding the sheeple for the time being, but when the jobs literally drain out from an economic meltdown, it is the sheeple who will behave chaotic.

      The wise persons stay out of the cities and live in the country for survival. The wise person knows the system is messed up by insulting the hardworking American in favor of offshore labor, so-called human rights cults and corporate profit.

      The sheeple will get desperate, but the wise ones need to be prepared. As the collapse comes, no one is going to whine about patriarchial oppression, racism or slavery to get what they want.

      • xander cross

        you mean the affirmative action that benefits white women the most. Because yes, white women are minorities. I guess ron paul did not tell you that one.

        • Syrin

          Sorry Spanky, you can still fire white women but black women are untouchable.

          • xander cross

            Sorry, but that is not true. White women get fired less than black women. Also, more white people are on food stamps than black people. Again, this is something that you forgot to mentioned.

          • Syrin

            You just validated my point, and you clearly have no idea what a percentage is versus raw numbers. You must be one of Obama’s no information, brainstem level voters.

          • Madcap

            If I told you the experiences I have had working with and occasionally for black women, you would think we were in the 1800s, that I was the slave, and that they were Massah – with the full protection of the Confederate states in jacking half the department around.

      • energizedmortal

        The economic meltdown is one thing, but when war follows, foreigners will not just invade the cities. God helps us all.

      • Madcap

        I think you hit the nail on the head.

    • i agree – bring it on now

    • Mustard Seed

      The powers that be don’t want the world’s economy to blow up in a big fiery ball. When mass numbers of people die, chaos tends to happen and the sheeple rise up to kill their oppressors. No, they want to keep playing their derivatives games and force whole governments to cannibalize their own people to pay the bill. It is much more enriching and entertaining for them to slowly squeeze the living daylights out of us.

      • Syrin

        Exactly, they will destroy the economy behind the scenes then in public come to “our rescue”. The sheeple will welcome their oppressors with open arms as saviors completely oblivious as to how they got into their predicament to start with. They will lose 75% of everything they have in the process, and that includes liberties and freedoms.

        • TheLaughingIndependent

          I enjoy story time!

  • markthetruth

    This Mafia Organization (which runs the world) run by George Soros , they are stealing from everyone, they Create the Bubble and Unload before it Burst ! They are taking advantage of the Human’s desire to possess .

    Greed G r e e d G r e e d G r e e d G r e e d G r e e d.

    the end…

    • MeMadMax

      mmm, thats the way the stock market works?
      Yea, soros is a bad guy, but he’s not bad when he’s doing what entrepreneurs do. He’s bad when he intentionally destabilizes economies *Cough* UK *Cough* *Cough*

      • markthetruth

        True , and will continue to decline alth

      • Ralfine

        He doesn’t break the law. He just uses the opportunities the law offers.

        Want to change it, want to restrict him? Change the law.

        That’s what google says: you want more tax? Change the tax law.

        Elect lawmakers who change the law. Fire the current ones.

        • markthetruth

          Hot do you change a Law that the Under World Controls with their Power over whoever we Elect.

          the end…

          • Ralfine

            Elect non-corrupt politicians.
            Maybe a homeless mother instead of all those millionaires?

    • Gay Veteran

      Soros, Koch brothers, etc.

  • K

    Behold the puppet masters. If you have ever wondered who pulls the strings, on the idiots in charge. You now know their name.

    • Richard T.

      The real puppet master is still behind the scene in the unseen spiritual world. If we keep looking at the front men that they use, and ignore the real puppet master behind them all, we will not be dealing with the real enemy.

  • MAB

    “have a dramatic affect on” should read “have a dramatic effect on”.

    • markthetruth

      As a Verb It Doesn’t Matter.

      the end…

  • markthetruth

    One Bubble That they Let go on for Century’s is TOBACCO, they new is was Bad for Your Health and Addictive. But It’s Became Such a Big Industry they Let it Explode with Commercials , TV Stars, Advertising Smoking as The Cool Thing for Guy’s to Do. Then turned into one of the most Powerful Industries, That had Big Influence and could not be touched. Only now they are Busting the Industry bit by bit. You now have to pay a price to Smoke. they can Create and Destroy at Will.

    the end…

    • Bad Kitty Cat

      You really do have a point!

      • markthetruth

        Just think of what went on so long, children, babies and everyone else that didn’t smoke had to endure this toxin for so long. While everyone was hooked it was like a Chemical Weapon that people had to Breathe in First or Second Hand . Until People Started getting Lung Cancer. Then Non Smokers started Demanding it out of our Lungs . Americans Finally Stood up to Stop it where it affected others, indoors,workplace,restaurants ext. Now that it gone in most Places i can’t imagine how we Put Up with it , the smoke affected our lungs, Stunk everything up, our cars, Houses and Clothes. Now that i don’t get close to anyone Smoking when i go into a smokers house or car i Can’t stand it.

        the end…

  • MeMadMax

    “But Basel III may cause it to collapse faster than it might otherwise have.”

    GOOD! The faster it collapses, the faster we can get on with a recovery and hopefully a return back to the real world.
    All this talk about staving off the eventual collapse just makes the eventual collapse even WORSE. If we had only just stuck to our guns during the great depression instead of creating the keynesian plague that we have today, we would be so much better and stable.

    • Syrin

      Amen. This needed to happen YEARS ago

    • Abu Daoud

      But is it not true that a huge collapse will neces. lead to the death of millions of people, who will not have food, water and electricity anymore? I mean, maybe there is no way to avoid that, but still, seems pretty grim.

    • JAH666

      Agreed. If I had the power to stir the black swan to flight and hasten these coming horrors, I would.

  • Syrin

    Excellent article. The only thing I would add is that the Council on Foreign Relations is loosely tied to the BiS, and they are as dangerous as the BiS if not more, because they openly want global governance and believe the world population needs to be decreased by 85% among other tyrannical beliefs.

  • MichaelfromTheEconomicCollapse

    I just want everyone that comes to this site regularly and posts comments to know how much I truly appreciate you all.

    I love the points that you bring up and the truth that you share. I hold you all in high regard and I am very thankful for all of you.


    • markthetruth

      It’s Like a Soap Opera , Knowledge of the True Facts of Life in the World, and How there so many part that affect our Lives, that Leaves us Curios and Can’t Wait for the Next Article of the Next Piece of the Puzzle, We know there will never be solution because the Human race will never get along. So it will be a Long Series.

      thanks For Your Site and Your Writing.

      the end…

    • this article in particular was truly illuminating and informative – thanks for posting it

    • Abu Daoud

      What would happen if this Super-Bank did not exist? I mean, there must be a historical reason why people said, well, we need this for x, y, and z. I would like to learn more about this. Thanks for the blog.

      • WarriorClass III

        Read Confessions of an Economic Hit Man by John Perkins. It will give you the propaganda reasons and the real reasons and the real results.

  • There is one set of laws in the BIS :::: Human Behavior is and always will be :::: BANK on IT !

  • JB

    Deflation coming to a theater near you!

  • Karel

    So, what is your solution? If we continue with the debt bubble is bad, if it stops (regardless of who initiates it) is bad as well. What do you expect people to do? Run terrified and get ready for the end of the world? I read this blog and have found it that it provided informative data, but ( I might be wrong), I think it’s just focused on a negative mindset.

    It’s good though to make people aware of the existence of the BIS and how they influence the monetary policies in the global economy.

    • WarriorClass III

      There are solutions, but they require strength of character, a keen intellect and strong faith. Qualities lacking in most of the population these days. So don’t trouble yourself, just don the chains prepared for you.

  • Ralfine

    The bubble will burst. Basel III is aimed at reducing the costs of the bubble burst by forcing banks to keep money so they don’t get insolvent if the janitor wants his salary.

    • Abu Daoud

      Yes, I see your point, they are trying for a soft landing which is better than a hard landing. Right?

      • Rodster

        We are way past a soft landing. It’s more like flying a plane into
        the side of a mountain. Which is the better outcome the plane hitting
        the mountain at 450MPH or 300MPH?

        What they are attempting to do is allow the system to crash and when it does accumulate more wealth and power.

        • Mustard Seed

          I agree. Way past the soft landing. 40 million Americans can feel the effects of this economic Depression, because they can’t feed their families without the government’s help. The rest of the country is having a hard time understanding, because it hasn’t hit their dinner table yet. They are starting to feel the squeeze.

    • Mustard Seed

      Interesting concept to say that the banks will retain solvency by holding fiat currency which will be valued at zero. And it still doesn’t clear out all the derivatives already in existence. They are putting lipstick on the pig again. LOL.

  • chilller

    I’m sure all the villains wishing to dominate the world look at James Bond and say, “If we had simply taken over the government, it would have cost way less than this hide out in a volcano and Bond would then work for us!

  • Chris

    Interesting how they appear to have based the design of the building around the Devils Tower in Wyoming. Fitting?

  • Mike Molyneaux

    Michael, Please can you explain in
    your next article why the debt bubble will inevitably come to an end? As I
    understand it’s not exactly a bubble with an upper threshold breaking
    point. Most stock market crashes are premeditated, secretly orchestrated crises
    of public confidence/fear that a few big players (insiders) engineer
    or magnify to rob economic power from numerous smaller players (outsiders)
    even though it’s illegal. These stock market and credit crashes enrich the
    insiders without destroying the market system. (bursting bubbles is a

    In situations of mounting
    debt – better visualized as a pressure cooker gathering steam and pressure
    until the relief valve lifts and releases steam to reduce pressure
    – cancelling part of a debt or settling insolvency, releases steam and
    pressure. Reducing the interest rate also relieves pressure – like turning down
    the heat. There have been numerous historical examples of nations having debts
    partly cancelled, interest reduced or insolvency worked out. Why can’t that
    keep happening?

  • Blackhawk

    The decisions of BIS are not affecting “every man, woman and child on the planet”, they only want to make everybody believe that’s the case by making people dependent on their corrupt monetary system. Unfortunately for their agenda, and outside the news coverage, more and more people are starting to shake off the shackles of monetary dependency and become self sustainable to a higher degree day after day.

    Money is the most addictive drug, but the ones who took the decision to address this addiction, will be in a far better position than the ones still hooked when the respective drug is diluted to zero.

    Therefore I would say that most important part of the preparations would be to address this addiction.

    Apologies for the analogy with a drug, it is far worse than that, but for the lack of a better term I ventured to use it.

  • WarriorClass III

    The US government was taken over by foreign interests who own the Federal Reserve. If you think your representatives represent you, you are mistaken. Even the Tea Party favorites like Ted Cruz is owned by Monsanto and voted against GMO labeling, and for increased immigration into the US. America is not the country it was even 50 or 60 years ago. The massive immigration invasion has changed America into just another third-world dictatorship with the same amount of corruption in both government and business, and police state mentality. The communist take-over of the public schools is complete and Americans have been dumbed down to the level of the mass of immigrants that have enrolled there. This was all by design, and is meant to prepare America for foreign domination in a New World Order; an order controlled by the international bankster cartel. No matter, Americans can pat themselves on the back knowing how progressive they are, how diversity is their strength, as they are reduced to utter poverty and put in chains for service to their new master.

    • JAH666

      “I wear the chain I forged in life. I made it, link by link and yard by yard; I girded it on of my own free will and of my own free will I wore it. Is its pattern strange to you?” (Marley to Scrooge, A Christmas Carol)
      From our own self-ignorance and that willfully imposed upon us by TPTB we all wear the chains you speak so eloquently of. A few of us have seen the chains and thrown them off. Hopefully, more will have the chance to before it is too late.

  • Bryan

    This is the beginning of Babylon the great in the book of revelation…but what these people don’t realize is that they get power for one stinkin hour!!! until God will literally bring down the house and his wrath will be poured out upon this evil system!

  • Django

    The Tombstone of the U.S. 1776-1913, the birth of Corporatocracy , 1913- 2013, thanks to the Fed, and other central banks created by the NWO! Our politicians are owned, bought and sold, they rule on behalf of their masters, the money changers! They change hard assests, into worthless paper! Using taxes, on everything from A-Z, to do it! Getting rich printing our money in exchange for interest, how much influence,bribery or flat out ownership of our government does interest on 17 trillion dollars worth of national debt, or 59 trillion dollars of overall debt wield!

  • florida3guy

    Sorry Tracy but you are the ignorant A-H not Curtis. Too stupid to see the obvious and too brain washed to be helped.

  • Rufus T Firefly

    I slept very soundly last night after reading this article and knowing that there are such fine outstanding global citizens like BiS looking after me.

  • Gary

    The banks are the real ones that control the world. Where does money come from? Where does it go in the end? That’s end of story. More than anything, a non paper currency into a New World Order is what is going to happen. They’ve been working on this for many many years.

    • Syrin

      Who hacked your account? That was actually sensible.

      • Gary

        You must have me confused with someone else.

  • piccadillybabe

    Could you explain that Basel III regulation chart? So, they are going to tighten up on lending and raise interest rates? That is what I got out of it but I am sure there is more to it. Anybody care to take a stab?

  • thomas jefferson

    IT will hurt all the poorer americans the most,BUT NOTHING would do more to wake up the american people, then to lose every dime they have,and I hope and pray it happens,cause the people in america have become deseased,and blinded to the condition of their neighbors,and are now helping to destroy them………………………..

  • GiantM

    Has anyone ponder the idea that this may actually be by design to reach the end goal of a one currency world economy and or also known as

    “The One World Order”.

  • Chris

    Think you have also been guilty of sexist hate speech in your comments about modern man.

  • writeheiney

    OK – correct me if I’m wrong. Isn’t this an attempt to bring some order to an out-of-control banking system? Might not this a be painful but necessary step towards stopping the ever widening debt crisis? While these are probably bad people, this might be a good step.

    Also, what role did BIS play in letting the US IRS slap Swiss banks around and slam them with nearly a trillion dollars in “fines”?

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