Unmasking the Globalists Behind the Cyprus Confiscation (Bail-In) Model - Why nobody's bank account is safe thanks to Basel III and "Socializing the Losses"

First it was people with bank accounts in Cyprus whose deposits were confiscated, “bailed-in,” or given a “haircut,” without their knowledge to recapitalize the Bank of Cyprus after Laiki Bank went bankrupt and was allowed to fail. Next the U.S., U.K., and Canada were warned that their bank deposits could meet the same Cyprus -confiscation fate based on irrefutable documentation here.

Now behind the smoke and mirrors of supposedly preserving the international financial and monetary system the truth emerges and all the pieces fall into place. Warning: every G-20 country—every major bank and financial institution in every nation could be next.

Why? Because thanks to shadowy globalists groups called the Basel Committee, and the Financial Stability Board (FSB), both housed within the mighty Bank for International Settlements (BIS), and Basel III, no one’s bank deposit is immune to the Cyprus confiscation model if more banks fail.

Did anyone really believe that some Eurozone ministers and the International Monetary Fund’s Christine Legarde came up with the terms like: “haircut,” “bail-in,” or “template” for future banking crises all by themselves? Did everyone really think that the broad-daylight theft of bank accounts in Cyprus could not happen to them?

Allow me to introduce you to the shadowy banking cartels behind the scenes that made the Cyprus confiscation, bail-in model possible. Did you know they consider it “socializing the losses?”

What is BIS?

Based in Basel, Switzerland, the Bank of International Settlements’ (BIS) purpose is to “serve the central banks in the pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.” Established on May 17 1930, after World War I to deal with “reparation payments imposed on Germany by the Treaty of Versailles,” BIS is the world’s oldest international financial organization and “remains the principal centre for international central bank cooperation.”

According to their website, “BIS is a meeting place for the central banks,” with “more than 5,000 senior executives and officials from central banks and supervisory agencies” participating in their meetings every year.

The most important meetings are held every two months. They “are the regular meetings of Governors and senior officials of member central banks.” BIS’s economic, monetary, financial and legal research “supports its meetings and the activities of the Basel-based committees.”

BIS represents the interests of the banking cabal, the elite worldwide, not you. They are globalists.

What is the Basel Committee?

The Basel Committee was established as a response to the failure and liquidation of Bankhaus Herstatt in Cologne. Herstatt was a small German bank that was heavily leveraged in foreign currencies. In 1974 when Herstatt failed it wreaked financial havoc from Singapore to New York, and cost banks about $620 million in losses. While Herstatt was not ‘too big to fail’ it was heavily leveraged in foreign exchanges. As American Banker reported: “Herstatt’s counterparties were expecting to receive dollars in exchange for Deutsche marks” they had already delivered; instead Herstatt’s clearing bank, Chase Manhattan, now a part of JPMorgan Chase & Co. wouldn’t fulfill the orders. “This triggered a chain of subsequent defaults.”

BIS is frequently referred to as “the club for the world’s central bankers,” as noted by the Brookings institute, a think tank based in Washington DC. BIS provides “certain financial services to central banks and also serves as a vehicle to promote cooperation between them. In addition, it provides support services to the Basel Committee and several other multi-lateral bodies focused on the world’s financial systems. Prominent among these is the Financial Stability Board (FSB) which was charged… by the heads of government of the Group of Twenty (G-20) nations with the mission of promoting financial stability around the world. In that capacity, it has been a prominent advisor to the Basel Committee in its work on Basel III.”

Basel Committee members come from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The Committee’s Secretariat is located at the Bank for International Settlements in Basel, Switzerland, its namesake. Basel, like BIS represents the banking cabal, money-changers, and the elite worldwide, not you.

continue article at Canada Free Press:

http://canadafreepress.com/index.php/article/54328