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Wednesday, April 22, 2009

Global currency?

The Tower of Basel: Secretive Plans for the Issuing of a Global Currency –
Do we really want the Bank for International Settlements (BIS) issuing our global currency?

by Ellen Brown

“The BIS is now composed of 55 member nations, but the club that meets regularly in Basel is a much smaller group; and even within it, there is a hierarchy. In a 1983 article in Harper’s Magazine called ‘Ruling the World of Money,’ Edward Jay Epstein wrote that where the real business gets done is in ‘a sort of inner club made up of the half dozen or so powerful central bankers who find themselves more or less in the same monetary boat’ – those from Germany, the United States, Switzerland, Italy, Japan and England.”

“Why did the BIS not retract or at least modify Basel II after seeing the devastation it had caused? Why did it sit idly by as the global economy came crashing down? Was the goal to create so much economic havoc that the world would rush with relief into the waiting arms of the BIS with its privately-created global currency? The plot thickens...”



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