The Next Perfect Banking Storm

Well I'm to stupid to totally understand everything said in the article so please feel free to correct it if wrong.

www.bloomberg.com...

Two key rules are slated for 2018: The leverage ratio set by the Basel Committee on Banking Supervision and International Financial Reporting Standard No. 9, defined by the International Accounting Standards Board. Other rules that require banks to stop using their own internal measures to assess risk start to be introduced from next year.

Did anyone else read what I read? Rules based on international accounting standards board?

What the hell is that?

www.ifrs.org...

We are a not-for-profit, public interest organisation with oversight by a Monitoring Board of public authorities. Our governance and due process are designed to keep our standard-setting independent from special interests while ensuring accountability to our stakeholders around the world.

Who are these stakeholders and why is a non elected governmental agency setting banking standards and policy in the US?

Who approved this?

www.ifrs.org...

The Trustees of the IFRS Foundation are responsible for the governance and oversight of the International Accounting Standards Board (IASB).

Wow. Look at that list of trustees. Why are Saudis and Chinese bankers setting American policy?

Am I misunderstanding something?

a reply to: onequestion

Days of Revolt: Junk Economics and the Future (2/2) interview by Chris Hedges interviewed Micheal Hudson . We are all in a trap and it doesn't seem anyone with money will be getting out with their money .

china produces pretty much everything and saudi has all the money.
the reason its never bought up is because that whole 'jews own every bank ever' lie would have the final nail its coffin.

Well, it's definitely got some NWO flavor in it.

Their mission statement reflects global control of financial means. mission statement

"Our mission is to develop International Financial Reporting Standards (IFRS) that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy."

Then you go to their objective which is happily "transparent" because when you're a massive corporation with just tons of money and control, you can make that and no one can contest it.

Then you can see that it was established a mere 15 years ago and named Paul Volcker and Sir David Tweedie as chairmen.

And though Mr. Volcker seems like a decent rich man, he's also the honorary chairman for the World Justice Project, which has this objective:
"The World Justice Project is an independent, multidisciplinary organization working to advance the rule of law around the world."

And Sir Tweedie certainly has a Rothschilde-y feel to his background and all I've found so far is maybe, possibly, or maybe not some sort of connection to this wacky uber-rich pedophile ring that's also connected to Prince Andrew.

And THAT, is as tinfoil as I've gotten in some time there.

a reply to: gottaknow

Fits well within the closed court system that the TPP and other such agreements want and need .I guess the NWO considers civil and other laws the law of the jungle that we live in .They want total hidden control and that looks like the only transparent part we are allowed to see .

a reply to: the2ofusr1

you're blowing my mind this morning.... I didn't know this was one of the implications of TPP but it makes perfect sense.

that's downright frightening

a reply to: FamCore

You might like to listen to another interview . Its a guns and butter one and the audio podcast ...

Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going to be part of that anymore. We’re only working for the U.S. State Department and Pentagon. If the Pentagon tells the IMF it’s okay that a country doesn’t have to pay Russia or China, then now they don’t have to pay, as far as the IMF is concerned.’ That breaks up the global order that was created after World War II. The world is being split into two halves: the U.S. dollar orbit, and countries that the U.S. cannot control and whose officials are not on the U.S. payroll, so to speak.

michael-hudson.com...

a reply to: the2ofusr1

so what else do these implications mean for everyday life for us? People keep saying the US Dollar is going to collapse/it's fragile and we're overdue, lots of countries are moving away from it etc.

What does this really mean? Is the US being looked at as the bad step child like Germany was before/during WW2??? Or what do you think exactly?

a reply to: FamCore

imo tptb have been up to no good while distracting the masses with the usual misdirections and who the next American Idol will be .Or with the latest political cycle . Canada has just passed a budget that has a new twist in their economic game . Instead of the massive Bail Outs that see a lot of debt put on the books to enslave us they are structuring what will be the final swap from our savings and pensions to re-liquidate the banks . They have basically run out of options as to what they can do . It was a system that had to get the whole world to by into but that is not going to happen as we have seen that places like Russia ,China and others want to walk their own walk . In order to keep it going the system has to get money somewhere because the chickens are coming home to roost and all of these bonds and dollars created will be coming back . That is why you see places like the Saudi's turning lots and lots of USD into weapons of war . They want to keep themselves going for as long as they can while spending some of their billions of USD .

Somehow I think that these new carbon credit tax schemes will help fund the local Govt's .We the serfs will be taxed via the amount of co2 we produce . It means at the end of the day a reduced population and a steady income for them .Nation States will vanish and it will be regional powers with the guns and the means to police us all . This solari report speaks a bit of this vimeo.com...

a reply to: the2ofusr1

And that's speaking from a place of optimism, not cynicism, correct? (/sarcasm)

a reply to: onequestion

Good catch, my friend.

I think it is standard these days to let the foxes write the rules for the hen house. Simply look at the Obamacare fiasco for a perfect example of this and why it is a bad idea.

a reply to: FamCore

Realism

Call me dumb but wth does the Pentagon have to do with another country's debt? They are a military hq not a bank.

a reply to: the2ofusr1

a reply to: Metallicus

Just sneaking it write in while we all fight over Donald Trump and Bernie Sanders

a reply to: chris_stibrany

Have you ever considered economic warfare ? Maybe its time for you to consider The Economic Hit Man .

a reply to: the2ofusr1

John Perkins did a great job documenting his experiences as an "EHM" - he has some other great books too like The Secret History of the American Empire

Nice namedrop!

a reply to: FamCore

Yes he is a very good source to understand some of the behind the scenes and how they work . He much more optimistic then me . Not that he is wrong on what he says we need to change to get back to some sort of justice and equality .I have read the book and it does not go the way we think or hope it should .....TPTB have the ball and have made the rules and hold the power to change the rules half way through the game . They will always double down to get their way and be dammed with us people who want to go by the rules .

originally posted by: the2ofusr1
a reply to: FamCore

imo tptb have been up to no good while distracting the masses with the usual misdirections and who the next American Idol will be .Or with the latest political cycle . Canada has just passed a budget that has a new twist in their economic game . Instead of the massive Bail Outs that see a lot of debt put on the books to enslave us they are structuring what will be the final swap from our savings and pensions to re-liquidate the banks . They have basically run out of options as to what they can do . It was a system that had to get the whole world to by into but that is not going to happen as we have seen that places like Russia ,China and others want to walk their own walk . In order to keep it going the system has to get money somewhere because the chickens are coming home to roost and all of these bonds and dollars created will be coming back . That is why you see places like the Saudi's turning lots and lots of USD into weapons of war . They want to keep themselves going for as long as they can while spending some of their billions of USD .

Somehow I think that these new carbon credit tax schemes will help fund the local Govt's .We the serfs will be taxed via the amount of co2 we produce . It means at the end of the day a reduced population and a steady income for them .Nation States will vanish and it will be regional powers with the guns and the means to police us all . This solari report speaks a bit of this vimeo.com...

Just to clarify, Harpernista installed the bail-in in the 2013 budget, page 140 something. This time the liberals have followed the Conservative lead and put it on page 223 of the 2016 budget. There is no difference in the parties, they both dance to the tune of the same IMF handlers.

ETA: Flaherty retired about a year after writing the 2013 economic scamption plan. Apparently he was writing a book, then he just kinda died. Go figure?

Cheers - Dave

I'm surprised this isn't a bigger deal.

No one cares that foreign bankers are writing fiscal policy for our country.