The Bank for International Settlements - Patrick Carmack on Economics 101

[CosmosPrivateer]

Funny that Iran belongs to the BIS. Libya’s web link at the BIS web site is under construction.

How do you create economic dissaster retrack the money supply. The Powers that be really want a cashless world.

[chotaboy66]

I'm amused how all these phony economic gurus talk symptoms in circles claiming the fed has some secret that only an audit will expose? when blind Freddy can see the bank gives up no consideration of value of its own in any alleged loan to one of us & charged interest on all our phony loans terminally depletes circulation that only ever consists of some principal at most? government then borrows back the same money that was initially paid/stolen out of circulation to re inflate circulation. Dur?

[oioiman84]

Here is one problem I have with Carmack's analysis. He some thinks that 'mark to market' accounting is somehow bad. The opposite is true. MARKET TO MODEL (which the BIS,IMF, private banks have adopted now) leads to true fraud.

Mark to Market showed that these banksters are INSOLVENT, whereas Mark to Model allows them to assign any value to their toxic debts.

The broken monetary regimes need to be taken down, or the globe's citizens will end up in state of perpetual chattel debt slavery.

[jburnes4]

basel 111 means that the to big to fail banks cant rip the people off anymore, means there will be one standard to regulate the worlds banks so that what happened in ice land and Greece cant happen again,the top 4 us banks own 95% of all derivatives and it totals at least 660 trillion dollars and of that only 15 % hold real value and all of this crap was sold to our retirement accounts

[HolliValsMusic]

I'm officially in the defense attack team against the BIS and those banksters.

Wanna join me?

Force wont be a good option, but educating the people we love and the people we vote for is phase 1.

[xXTyroneBiggumsXx]

I don't understand? All these people commenting angry and screaming quotes, all the views on this video and videos alike, you've all watched it you all know about it, you know what's going on, WHY DON'T YOU DO ANYTHING!

[forwardpdx]

These guys just look like con-artists. they are bastardizing information that would generally benefit the public and adding their Hollywood spin to it to line their own pockets. I'm sorry but i work some shit job all day and they are lucky enough to be making enough money to talk about speculative politics all day... i wish. Its just as much of a con in-itself as all the shit all these rich fucks pull on us as well.

[00RoninSamurai00]

@forwardpdx Instead of formulating your judgement on the basis of what they "look like," you should take the time to study fractional reserve banking and the BIS, then you could see this truth for yourself. I recommend you read Prof. Carroll Quigley's commentary on the BIS in his book "Tragedy and Hope," then take the time to research and independently verify what he said. The more you study the BIS, the more you will realize its significance and the threat it poses to the entire human race.

[1tonykirk]

@forwardpdx Recommended viewing over and over again and researching tirelessly: on You Tube

NWO Secret Societies and Biblical Prophecy Vol. 1

[forexstatistic]

Fantastic Video.

[rwattonville]

Basel III will be out soon. Wait 'till you see what they have in store for us now: total global slavery or extinction. Too many "mouths". They only need about 500 million, so about 6.5 Billion have to go. Nothing personal; just business.

[freddocazzo]

Phenomenal! 

[anarksee]

(A)

[KRUKDBANKR]

So, deliberate improper, heterogeneous and non existing regulation was one of the causes of the crisis in U.S. and not the proper implementation of Basel II rules. These Fridmanites should be banned form speaking completely; they were the ones who cooked all this in the first place. Read Naomi Klein, Nassim Taleb and Mat Taibbi.

Neću žvaku. Oću kusur!

[KRUKDBANKR]

This guy is first of all uninformed (or he act like he is deliberately).

Problem with U.S. was not that it implemented Basel II standard, but completely opposite; it postponed it and softened it for some types of banks, and on the other hand there was no regulation of its investment banks and OTC market. Even 70 years old wall between investment banking, commercial banking and insurance (Glass-Steagal) was lobbied down i.e. repealed, by the big Wall Street banks at the end of 20th century.

[HostileNegotiator]

"If the American people ever allow the banks to control the issuance of their currency; the banks and corporations that grow up around them will deprive the people of all property; until their children wake up homeless on the continent their forefathers occupied." Thomas Jefferson. Thanks for posting this. We need more discussion on these issues. The banksters won't be giving up their 3000% profit easily, but it can be done.

[kmg501]

Thanks for posting this.

[hiphopsocnroc]

5*****

Great new information, thanks.

[THX1948]

GREAT INTERVIEW !

[greenback001]

Money Masters the biggest eye opener of all. Great report and interview.

[wdcsucks1]

didnt the founding fathers warn from these devil bankers? how stupid can humanity be to ignore that? they have their own districts where no police force is allowed in, isnt that for itself an issue? they wage their economical financial wars from their zones and no one is allowed in there. i think the world is in war with "the city" and BIS and their Goldman Sachs troops!!! THIS IS WAR!!!

[wdcsucks1]

is the IBS connected to the Rothschilds? or the Rockefellers? would it be fair to say, get rid of them and most problems solved?

[zalida100]

WDsucks - You mean get rid of the BIS or the Rockefellers & Rothschilds?

Probably would be a good start - yes.

[wdcsucks1]

zalida100: yes, to get rid of their influence on every aspect of life due to their control of money. they are the real terrorists since they are the ones behind all wars, they actually fund both sides in every conflict in order to make billions and gain control.

[zalida100]

wdsucks - You got it.

They're good at it. They've been at it for hundreds of years.

Getting rid of their influence is easy enough. You just refuse to deal with them and their institutions - big corporations etc etc.

Of course you have to prepare for a lot of hassle from them. They may even kill you.

It's just a choice. It's either worth it or it's not. Would be a bit easier if lots of people did something like that all at once. People aren't very good at that though.

[wdcsucks1]

people got to learn reality as it is and resist where they can. if you know the system, you know where you dont have to be intimidated. i heard that the credit people take for example is booked as "gains" on the companies books which means, you owe them nothing...

[zalida100]

wdsucks - Well, I'm guessing you mean like taking bank loans and such.

Of course you owe them nothing. You created the money they "lent" you. A bank can't create money. Only you can. The bank only gave you the paper cos the gov has the monopoly on curency.

A bank can't create money without you. You are a real man. A bank doesn't exist except on paper - it's fictional.

They will never tell you thins of course. This is where the big deception is. and so on and so on.

[Wecknachricht]

we have to abolish the debt and interest based monetary system and exchange it to a human friendly system like "Dank" from joytopia

[mattandpatti222]

funny, the victors are the

JESUITS! They have all the power and money, for the NWO! The U.S. is world is alrady set up into 10 regions by U.N. and club of Rome!

[sarahsgift1]

Excellent interview! Thanks for posting!

[jebmurphy]

great interview - thx

[Frequencitee]

The endgame is a global form of governance. The inner sanctum of high-level banking is the core. The rings required to enforce those objectives move outward from the core. They are international banking (competing currencies), regulatory agencies, the corporate structure, International/State and local governmental bodies.

The same structure is in place for all branches of law enforcement.

[Frequencitee]

The entire central banking system is purely credit based. Local currencies are still being used because the incremental move away from physical monies is essentially and intentionally a generational concept.

However, the push for moving the objective forward sooner is in place. In order to facilitate the aggressive move away from physical monies, the core will need to destabilize the world reserve currency creating an environment conducive to defaults.

[Frequencitee]

The BIS, IMF and World Bank are not necessarily separate entities. Compartmentalization is required to shield the core and create plausible deniability.

The BIS will intervene after defaults are declared. The IMF will determine the value of international monetary units. The World Bank will be the entity that issues and audits currencies.

The greatest transference of the wealth, power and control over human and natural resources will be complete.

[dmj481]

@Frequencitee One could say we already have global governance and the endgame is global government! AND more!

[JimGraham1973]

I love the starting music James. It reminds me of the Canadian Broadcasting Corp when I was a child and they had class and were apolitical..

[jokertim777]

I support the Monetary Reform proposed by Mr. Carmack. Extinguishing the national debt in this country was accomplished once by President Andrew Jackson and it can be so again.

More important that even being debt free is the return to 100% reserve banking. For thousands of years, having Fractional Reserves was a crime. Only when fraudulent bankers combined with corrupt government was it legalized.

"Mark to market" was the pin used to pop the bubble, but is the only good thing in Basel II.

[robertcgage]

Another great post. Thank you Mr. Corbett and Mr. Carmack. I will visit TheMoneyMasters. com

[LunkwillFook]

Great conversation, James.

[rivalviral]

The money masters is an excellent film.

[elboertjie]

@rivalviral True, that was the very first film that opened my eyes and I have never looked back since.

Another person, amongst many others, that have opened my mind even more to a greater level of understanding of economics and the mess we are in, is Peter Schiff. I recommend subscribing to his blog videos and also purchasing his books.  That will pay dividend many folds in one's life.

All the best to you through this upcoming turbulence.