Currencies, Emerging Markets, Frontier Markets

The BRICS As False Competition To Western Banking Interests

The Power of financial capitalism had another far reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks, which were themselves private corporations,” according to Patrick Wood.


The statements, views, and opinions expressed in this article are solely those of the author and do not necessarily represent those of EMerging Equity.

EbolaInfo

All 5 BRICS nations central Banks are members BIS (Bank for International Settlements)

B – Brazil Central Bank of Brazil
R – Russia Central Bank of the Russian Federation
I – India Reserve Bank of India http://en.wikipedia.org/wiki/Reserve_Bank_of_India
C – China People’s Bank of China
S – South Africa South African Reserve Bank

So what about BIS?

Ruling The World of Money
http://www.edwardjayepstein.com/archived/moneyclub.htm

a supranational organization for setting and implementing global monetary strategy, which could not be accomplished by a democratic, United Nations-like international agency. The central bankers, not about to let their club be taken from them, quietly snuffed out the American resolution.

Despite its irksome visibility, the new headquarters does have the advantages of luxurious space and Swiss efficiency. The building is completely air-conditioned and self-contained, with its own nuclear-bomb shelter in the sub-basement, a triply redundant fire-extinguishing system (so outside firemen never have to be called in)…

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About ETFalpha

Chief ETF Strategist & Co-Founder at EMerging Equity

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