TO PAUL JOSEPH WATSON
November 27, 2012 in Politics
TODAY I READ YOUR ARTICLE http://www.infowars.com/goldman-sachs-completes-economic-takeover-of-europe/
Reading your article today i found that this article includes some untruths….the article points out that Belgium is controlled by a person who harbors a direct relationship with Goldman Sachs
quote ”the graphic below illustrates, the economies of France, Ireland, Germany and Belgium are also all now controlled by individuals who harbor a direct relationship with Goldman Sachs”.
now being the graphic below
http://www.guardian.co.uk/world/2009/jun/25/karel-van-miert-obituary obituary of karl van miert who died 22 June 2009
After the European commission was rocked in 1999 by revelations of nepotism and fraud, every member resigned. Van Miert (competition commissioner, and a vice-president of the Commission ) was in no way implicated, but decided not to stay on under Romano Prodi.
Out of office, he became an adviser to Goldman Sachs , took up directorships and was president of the business school at Nyenrode University;Karel Van Miert died on June 22,2009 after falling from a garden ladder.
Definition:Meaning of NOW
|NOW is a 3 letter word that starts with N.|
|Synonyms:||at once, at present, directly, forthwith, immediately, in real time, instantly, nowadays, right away, straight off, straightaway, today|
|concluding the announcement that the new bank of England governor from summer 2013…. will be A former Goldman Sachs investment banker who is head of the Financial Financial Stability Board (FSB), a Basel-based body that sets global banking rules and Canadian central bank chief Mark Carney at the Bank of Canada
Financial Stability Board: How it works
What is the Financial Stability Board?
It is the new regulator created by the G20 as an enlarged version of the Financial Stability Forum, which is an advisory group established in 1999 to promote international financial stability through better information exchange and international cooperation. The new FSB will include all G20 countries, Spain and the European Commission. The body aims to identify problems in the financial system and oversee action to address them.
Who runs the regulator?
The Financial Stability Forum is chaired by Mark Carney , governor of the Bank of canada. The secretariat is based at the Bank for International Settlements’ headquarters in Basel, Switzerland.
What will the new regulator do?
The regulator will monitor potential risks in the economy, especially those involving the biggest firms, and will conduct “early warning exercises” and periodic reviews to spot potential trouble. It will cooperate with the IMF, the Washington-based body that monitors countries’ financial health, lending funds if needed. The new regulator will report any possible threats to the stability of the global financial system to the G20 finance ministers, the IMF and central bank governors.
Who will the regulator oversee?
All “systemically important” financial institutions, instruments and markets. This will include, for the first time, the most important hedge funds. These will have to register and report their strategy, debt and risk levels. Hedge funds manage about $1tn (£67bn) of assets.
How will it work?
The body will establish a supervisory college to monitor each of the largest international financial services firms. It will monitor a firm’s financial and operational structure, and any contingency funding arrangements, amongst others. It will act as a clearing house for information-sharing and contingency planning for the benefit of its members.
How will it change the way banks work?
Financial institutions will be encouraged to maintain contingency plans that could be used by insolvency practitioners if the firm collapses. Firms will be encouraged to maintain funding plans that could be used in stressed market scenarios, including large amounts for foreign currency, if needed.
What will the new regulator do about debt and loans?
To prevent another debt bubble, the new body will recommend financial companies maintain provisions against credit losses and may impose constraints on borrowing.
What about credit derivatives?
This market will be tamed to curb its freewheeling excesses. These investments, whose value is derived from an underlying asset, such as bond or a loan, will have to be cleared through a central clearing house. Until now, they have been freely traded between banks.