Barclays
will reportedly pay $200 million in penalties to settle a Libor probe.
“These Libor rates impact the credit rates, the interest rates that
people pay for everything,” says Bart Chilton, CFTC commissioner,
explaining how Barclays allegedly manipulated the Libor rate and the
CFTC’s plans to prevent this from happening again.
 
Too many operations are done out of the balance sheets.
Too big to fail ?
 
 
Bank for International Settlements on Big Banks
 
The

shadow-banking component that adds
to the risk of non-regulatory oversight just deepens the mystery behind
the most powerful
banking institution that runs
roughshod over global finance. In order to gain an insight into the
complexity of deception,
examine the function of the BIS. The
granddaddy of all central banks, the Bank for International Settlement,
latest BIS Annual Report 2011/2012, foretells future financial consolidation.

Watch the Banker to the World’s Bank: Time to Deleverage, video interview on CNBC.

From Chapter V. Restoring fiscal sustainability, in this report concludes:

“Sovereigns
have been losing their risk-free
status at an alarming rate. Fiscal
positions were already unsustainable in many advanced economies before
the financial crisis,
which in turn led to significant
further weakening. The deterioration of public finances has undermined
financial stability,
lowered the credibility of fiscal
and monetary policy, impaired the functioning of financial markets, and
increased private
sector borrowing costs. Restoring
sustainable fiscal positions will require implementing effective fiscal
consolidation, promoting
long-term growth, and breaking the
adverse feedback loop between bank and sovereign risk.”

The section
called, Box VI.A: Shadow banking, states:

“While
definitions differ, the term “shadow banking”
broadly refers to financial
activities carried out by non-bank financial institutions that create
leverage and/or engage in
maturity and liquidity
transformation. Thus, even though they are subject to different
regulatory frameworks, shadow and traditional
banks operate alongside each other.
Shadow
banking exists because historical and institutional factors, the rapid
pace
of financial innovation and
specialization have all increased the attractiveness of performing
certain types of financial
intermediation outside traditional
banking. In normal times, shadow banking enhances the resilience of the
broader financial
system by offering unique financial
products and a range of vehicles for managing credit, liquidity and
maturity risks. But
shadow banking also creates risks
that can undermine financial stability in the absence of prudential
safeguards.”

The
bombshell news that raises alarm is
the admission that “Too Big To Fail” is still the operative principle
that drives
the banking system into an
unsustainable servicing of debt obligations. The cloak of the shadow
banking practice, intended
to circumvent usual regulatory
standards, creeps along the soft underbelly of respectable central
banking. When a collapse
catches up with the racket of
excessive leverage, the ensuing scandal is directed to some esoteric
phantom operation that
is expendable.
The analysis in Big Banks Take Risks Expecting Taxpayers To Cover Losses identifies who ultimately bears the risk of the world fiat, debt created, financial system.

“The

report also emphasized the need to
increase the safety of the banking system by pushing banks to be
responsible for their
losses, add to their financial
buffers and avoid risky practices. It added that big banks still have an
interest in using
high-risk debt – so-called
“leveraging” – to magnify any trading gains because they can expect
taxpayers
to step in and cover their losses if
things go bad.
“Big banks continue to have an
interest in driving
up their leverage without enough
regard for the consequences of failure: because of their systemic
weight, they expect the
public sector to cover the downside
, ” said BIS. “Another worrying sign is that trading, after a brief
crisis-induced squeeze, has again become a major source of income for large banks.”

Protecting
the
fractional reserve scheme, at all
cost, is the true purpose of the BIS. Sovereign holdings, with their
ensuing national debt
owed to the banksters pays homage to
the real owners of underlying collateral assets.
From a source in the essay, Revolution against Central Banks, explains a scheme of global magnitude for financial control.

“The

BIS is taking national currency
deposits from the 55 member/owner central banks and converting them to
SDR’s on its own balance
sheet. The SDR’s are “claims on the
freely usable currencies of IMF members,” therefore, the deposits of the
central
banks become claims on those
currencies–the deposits of the fiat central banks who can deposit as
much as they feel at the
BIS in whatever currency the
chose–including the SDR’s allotted to their “nation,” as the central
banks are the
sole depositories for the national
wealth/sellers of the national debt. The BIS is then paying out
dividends to these same
member CB’s in the form of SDR’s,
which again can be used to claim currencies. By August 2009, they had
just made up out of
thin air almost twelve times the
supposed global supply of SDR’s. They are truly acting like the “central
bank
of the world,” complete with
printing!”

By any objective standard of decency and
accountability,
the BIS is the ultimate
clearinghouse of worldwide debt for the New World Order. Need proof,
just reflect on the diversion
used by a captain from one of the
most powerful “Godfather” family of investment banking.
Finally in, Time to Stop Expecting So Much From the Fed?, Goldman Sachs strategist Jim O’Neill told CNBC:

Even
the central
bank for central banks, the Bank for
International Settlements, is playing down the power of the Fed and
other central banks.
“It
would be a mistake to think that
central bankers can use their balance sheets to solve every economic and
financial problem,”
the BIS said in its annual report.
“In
fact, near-zero policy rates, combined with abundant and nearly
unconditional
liquidity support, weaken incentives
for the private sector to repair balance sheets and for fiscal
authorities to limit their
borrowing requirements,” the report
said.

World consumers are being pick-pocketed in the
graveyard
of financial ruin. Strip away the
skin of a decayed corpse and what remains is the stark skeleton of a
dead paper monitory
system. The life-support methods
used to keep the interest payments accruing, only forestall the day of
reckoning. The end
game for the central bankers is
foreclosure on pledged guarantees. Currency swaps will become a recall
of national fiat species
and a replacement with a float of a
new world coinage.
National governments are mere public diversions from the real
power behind the thrones.
For additional information on the BIS, visit the Facebook Group, BIS (Bank for International Settlements) awareness.
James Hall – June 27, 2012

Madagascar, images

http://desiebenthal.blogspot.ch/2012/06/congo-experiences.html
Invitation to join us, every year, two periods, either March or August-September.

The next week of study in 2012 will be held in Rougemont, Canada in four languages ​​from August 22 up to the 31 followed by the Congress in September 1-2-3, with a pilgrimage on September 4.

So there must be at least one trip from August 21 to September 5.

Free meals and rooms for all our guests from countries outside of Canada.
Comme
chaque année, la prochaine semaine d’étude 2012 aura lieu à Rougemont
au Canada en 4 langues du 22 au 31 août suivie du congrès les 1-2-3
septembre, avec un pèlerinage le 4 septembre. Donc il faut prévoir un
voyage au moins du 21 août au 5 septembre. Repas et couchers gratuits
pour tous nos invités des pays hors du Canada. Autre période de
formation en mars-avril chaque année.

http://desiebenthal.blogspot.com/2011/05/pour-un-capital-social-local-le.html

http://pavie.ch/articles.php?lng=fr&pg=711

http://www.union-ch.com/file/Speeches_and_workshops_of_the_03_04_.pdf

https://docs.google.com/document/d/1MRXDMGi4zbTYwFiKI8qpqFeAg3ayEkLaufWq4OrlQ0o/edit?hl=fr&authkey=CLrT-IwK

Comment créer et partager les surplus:
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=1Kxlo32UKwGx0fVhNYmkul1mr0oKs6RyIIdzKOUAlcWVv6n83Z-Cnr8lc-EHs&hl=fr
 

 

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