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Feb27
The Bank for International Settlements – Patrick Carmack on Economics 101
Filed under: Banking; Tagged as: bank, BIS, central, control, economic, financial, global, globalisation, globalization, international, meltdown, new, oligarchy, order, secrecy, settlements, world25 CommentsPatrick 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: www.themoneymasters.com
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25 Responses to “The Bank for International Settlements – Patrick Carmack on Economics 101”
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hiphopsocnroc February 27th, 2010 at 3:56 am
5*****
Great new information, thanks.
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Thanks for posting this.
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HostileNegotiator February 27th, 2010 at 3:56 am
“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.
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THX1948 February 27th, 2010 at 3:56 am
GREAT INTERVIEW !
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greenback001 February 27th, 2010 at 3:56 am
Money Masters the biggest eye opener of all. Great report and interview.
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zalida100 February 27th, 2010 at 3:56 am
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.
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wdcsucks1 February 27th, 2010 at 3:56 am
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…
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zalida100 February 27th, 2010 at 3:56 am
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 February 27th, 2010 at 3:56 am
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.
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zalida100 February 27th, 2010 at 3:56 am
WDsucks – You mean get rid of the BIS or the Rockefellers & Rothschilds?
Probably would be a good start – yes.
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wdcsucks1 February 27th, 2010 at 3:56 am
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!!!
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wdcsucks1 February 27th, 2010 at 3:56 am
is the IBS connected to the Rothschilds? or the Rockefellers? would it be fair to say, get rid of them and most problems solved?
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Wecknachricht February 27th, 2010 at 3:56 am
we have to abolish the debt and interest based monetary system and exchange it to a human friendly system like “Dank” from joytopia
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mattandpatti222 February 27th, 2010 at 3:56 am
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 February 27th, 2010 at 3:56 am
Excellent interview! Thanks for posting!
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jebmurphy February 27th, 2010 at 3:56 am
great interview – thx
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@Frequencitee One could say we already have global governance and the endgame is global government! AND more!
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Frequencitee February 27th, 2010 at 3:56 am
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.
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Frequencitee February 27th, 2010 at 3:56 am
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.
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Frequencitee February 27th, 2010 at 3:56 am
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.
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JimGraham1973 February 27th, 2010 at 3:56 am
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..
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jokertim777 February 27th, 2010 at 3:56 am
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.
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robertcgage February 27th, 2010 at 3:56 am
Another great post. Thank you Mr. Corbett and Mr. Carmack. I will visit TheMoneyMasters. com
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LunkwillFook February 27th, 2010 at 3:56 am
Great conversation, James.
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rivalviral February 27th, 2010 at 3:56 am
The money masters is an excellent film.

