https://www.zerohedge.com/geopoliti...epping-stone-towards-economic-new-world-order
I think there is a fair amount of speculation in this article about the early history of the BIS - Bank of International Settlements. BUT, I've been aware since about 2010 that things like central banks, the IMF and World Bank are all toadies (and fall guys) for some entity that is behind the scenes pulling strings, with the authority to make decisions that (top down) roll over the economy like a giant steamroller. The BIS has always been suspect #1 in my mind.
So when I talk about the Western Financial System vs the BRICs - and report the doings that may look dry and unimportant and too far above most our lives to care about - what I'm watching is how this Western system just might get hoist on it's own petard. Clinging to status; and status quo... is the opposite of adapt and survive. What the BIS is announcing is an adaptation - but beware: the ONLY ones who benefit from that are at that rarified level.
The only thing that is constant in life - is CHANGE. And it is hubris to think that the USD can remain reserve currency or that the Fed Reserve is all-powerful throughout the world. The real question (for me) is how best to weather the change.
I think there is a fair amount of speculation in this article about the early history of the BIS - Bank of International Settlements. BUT, I've been aware since about 2010 that things like central banks, the IMF and World Bank are all toadies (and fall guys) for some entity that is behind the scenes pulling strings, with the authority to make decisions that (top down) roll over the economy like a giant steamroller. The BIS has always been suspect #1 in my mind.
So when I talk about the Western Financial System vs the BRICs - and report the doings that may look dry and unimportant and too far above most our lives to care about - what I'm watching is how this Western system just might get hoist on it's own petard. Clinging to status; and status quo... is the opposite of adapt and survive. What the BIS is announcing is an adaptation - but beware: the ONLY ones who benefit from that are at that rarified level.
The only thing that is constant in life - is CHANGE. And it is hubris to think that the USD can remain reserve currency or that the Fed Reserve is all-powerful throughout the world. The real question (for me) is how best to weather the change.
