Posted on 04/07/2009 7:11:01 PM PDT by Free ThinkerNY
On April 2, 2009, the work of July 4, 1776 was nullified at the meeting of the G-20 in London.
The joint communiqué essentially announces a global economic union with uniform regulations and bylaws for all nations, including the United States. Henceforth, our SEC, Commodities Trading Commission, Federal Reserve Board and other regulators will have to march to the beat of drums pounded by the Financial Stability Board (FSB), a body of central bankers from each of the G-20 states and the European Union.
The mandate conferred on the FSB is remarkable for its scope and open-endedness. It is to set a "framework of internationally agreed high standards that a global financial system requires."
These standards are to include the extension of "regulation and oversight to all systemically important financial institutions, instruments, and markets [including] systemically important hedge funds."
Note the key word "all." If the FSB, in its international wisdom, considers an institution or company "systemically important," it may regulate and over see it. This provision extends and internationalizes the proposals of the Obama administration to regulate all firms, in whatever sector of the economy that it deems to be "too big to fail."
(Excerpt) Read more at newsmax.com ...
The real monster behind the curtain is the Bank for International Settlements based in Basel Switzerland.
Let 2009 be known as the year that the people of the world came to realize the true value of fiat currencies of all types.
OBAMA IS RUINING THIS COUNTRY AND WE NEED TO TAKE IT BACK!!!
Saw this interview...not much has been made of it and I don’t think I’ve seen it reported elsewhere.
HOW????
Sharia banking is already embedded and growing within the ‘European Socialism financial community’. It is being included here also....a DOW index advisory board, new Sharia banking and insurance products being proposed....with ANY Sharia laws, the rest follows, and, constantly thru claimed infinite grievances, suppresses existing traditional law inexorably.
Well it’s great to learn what religion represents the anti-christ and who are the backers of this anti-God movement.
Soon we’ll all need bar codes on our forearms so we can buy or sell.
Even so, come Lord Jesus.
This "coordination of national agencies" and the "setting" of "standards" is an explicit statement of the mandate the FSB will have over our national regulatory agencies.
The Europeans have been trying to get their hands on our financial system for decades. It is essential to them that they rein in American free enterprise so that their socialist heaven will not be polluted by vices such as the profit motive.
Now, with President Obama's approval, they have done it.
It looks like it will have to be done the same way we got it in the first place.
Seriously, central bankers need to be arrested, tried for treason, and then summarily executed immediately upon being found guilty.
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