TOWERS: EUROPE, BASEL, BABEL

http://theeconomiccollapseblog.com/archives/who-controls-the-money-an-unelected-unaccountable-central-bank-of-the-world-secretly-does

February 5, 2013 ~The Bank For International Settlements at Night – Photo by Wladyslaw ~

"... These Global Economy Meetings were discussed in a recent article in the Wall Street Journal ... December 12, 2012 ~ Inside the Risky Bets of Central Banks ~

http://online.wsj.com/article/SB10001424127887323717004578157152464486598.html

.. 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.

"... This article presents the truth about the Swiss Nazi gold controversy and the involvement of U.S. banks and the Federal Reserve during the Second World War. This report opens up the sordid record of the American financial establishment and how our central bankers put trade before patriotism, profits before our troops during times of war and how this relates to our nation today in the "so called" latest conflict, The War on Terror.

.. This special report links Switzerland's sometimes regrettable World War II activities with specific evidence suggesting a possible revenue trail from the Nazi gold sales to the Bank for International Settlements, located in Basel, Switzerland. This "bankers bank" was operated by the central banks of numerous other countries including certain American banks and possibly even the Federal Reserve!

BIS TRADING WITH THE ENEMY by Ron Howard, August 28, 2010 ~

http://www.thedailybell.com/1327/BIS-Trading-With-the-Enemy-The-Whole-Story.html

Tower of Babel

Former Nazi Bank To Rule The Global Economy http://www.prisonplanet.com/former-nazi-bank-to-rule-the-global-economy.html

Understanding Global Liquidity

by Sandra Eickmeier, Leonardo Gambacorta and Boris Hofmann  ~Working Papers No 402, February 2013

We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity indicators. By imposing theoretically motivated sign restrictions on factor loadings, we achieve a structural identification of the factors. The results suggest that global liquidity conditions are largely driven by three common factors and can therefore not be summarised by a single indicator. These three factors can be identified as global monetary policy, global credit supply and global credit demand.
 
JEL classification: E5, E44, F3, C3
 
Keywords: global liquidity, monetary policy, credit supply, credit demand, international business cycles, factor model, sign restrictions

http://www.bis.org/index.htm