Introduction
I have been tracking the Basel Accords and the mischief they have allowed to happen in the worlds financial systems for a few years now. Basicaly it is the epitomy of governent by elites allied to special interests and a harbinger of the undemocratic regime(s) gradualy being forced onto democratic systems. This system is constructed and moderated by our nation states central banks who periodicaly send representatives to Basel to create or modify 'accords'.
Government control is nominaly excercised by central banks (or their equivalent) for each country represented at Basel reporting to the financial branch of Government. eg the US Treasury.
So you might ask who represented the US at the formulation of the Basel accords? The representatives of the Federal Reserve.
Who specificaly represented the Federal Reserve? Representatives of the private banking institutions who own the Federal Reserve
Who got us into the financial crises? The private banking institutions who own the Federal Reserve.
How did these private banking institutions who own the Federal Reserve create the mess? They wrote into the Basel accords gaps in the accords you could drive a carrier battlegroup through and subsequently did. They created a class of financial instruments which they and they alone monitored and exploited for spurious profit beyond the governments reach and oversight.
This is the model elites from Sarkozy to Brown to Merkel to Obama follow, this is the danger we all face, an untouchable strata of 'government' run by special interests without the inconvenience of Democracy.
Read carefully, this is our future, we get the government we deserve.
