Business

World Globalization Of The Banking & Regulatory Structure Part 2

By Joan Veon / NewsWithViews.com
Concentrating Total Financial Power at the Bank For International Settlements and the Financial Stability Board.
BASEL, SWITZERLAND -- There are those who have been predicting a time when there would appear a world government structure. That time is here. Many, however, have predicted that it would be political in power. That is not necessarily so. Although the United Nations has been an organizing power worldwide to harmonize national law with international law, they do not issue or print money—for that is the role of central banks. With the new and vast empowerments being given to the central banks of the world and with the restructuring of the Financial Stability Board, it appears that world government is financial and economic. The old adage is true, “He who owns the gold makes the rules.”
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Posted by Editor at June 30, 2009 07:19 AM