The Bank for International Settlements - Patrick Carmack on Economics 101

Patrick Carmack is the producer of the highly-acclaimed Money Masters documentary and the author of a Monetary Reform Act that would eliminate the national debt in the US and stop the unjust practice of fractional reserve banking. He joins us today to discuss the workings of the Bank for International Settlements (BIS) in Basel, Switzerland. Known as the "central bank of central banks," what exactly does the bank do and how is it part of the current global financial infrastructure? Is it even necessary at all?

To find out more about Patrick Carmack and his work, please visit his website:
http://www.themoneymasters.com/

Category:

Education

Tags:

• bank
• international
• settlements
• bis
• global
• financial
• oligarchy
• control
• new
• world
• order
• central
• globalisation
• globalization
• economic
• meltdown
• secrecy

[rivalviral]

The money masters is an excellent film.

[LunkwillFook]

Great conversation, James.

[unclekol1]

The BIS is owned by The Rothschild family

[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.

[1tonykirk]

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

NWO Secret Societies and Biblical Prophecy Vol. 1

[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.

[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.