Monday, October 5, 2015

Age of Iron and Clay 2nd Edition: 666

Short and simple, straight to the point for any eight grader to understand is what our efforts would be based on here within this blog. The number of the beast, is actually six hundred and sixty six (666) according to Revelation 13. So what is this particular number six hundred and sixty six (666)? Some say 666 symbolizes; microchips that are going to be forced by our governments to be inserted into our right hands and foreheads, the social security number, etc… Well according to our journey today metaphorically speaking, with solid ground based on The Holy Bible, history and evidence, we are sure enough to say that, “666 is neither microchips or social security numbers”, as so to speak. So what is the number of the beast: six hundred sixty six (666)? One word best describes it all, “power.” Mankind’s earthly power, specifically speaking. Well there is a difference between the earthly power and the nation or empire with the power (authority). Let’s define the following terms in order to come to a better understanding according to WordWeb.com dictionary, a power is the possession of controlling influence. A nation is a politically organized body of people under a single government. An empire is a monarchy with an emperor as the head of state. With them in mind, let’s proceed further into our exploration... Explain? Well let’s start by reading and specifically illuminating Revelation 13:18.






Revelation 13:18 reads, “Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.” Now let’s calculate the number of the beast… So this particular number is the number of a man. Let’s not forget that man here within verse 18 is in metaphorical language, like the rest of Revelation chapter 13. Man in The Holy Bible represents the human race or humanity. Genesis chapter1:27 reads, “So God created man in His own Image; in the Image of God He created him; male and female He created them.” So here we see that male and female make up humanity which fall under the category of man. Then what does it mean for “man” or humanity to be created in God’s Image? Digging deep, according to 1 John 4:8, God is love. So humanity, mankind or “man” were created in the Image of God who is love, created out of love, through love, to have “love” within them (a strong relationship with God)-let’s not forget the fact that God (love-Whose principality and Character is love) is the source to life since He is the Creator (according to Genesis chapter 1 and 2) and the “life” (according to John 14: 6). See, after the “fall of mankind” when Adam and his wife ate the fruit from the tree of the knowledge of good and evil according to Genesis chapter 3, their access to the tree of life (which is God and His community of love-with Jesus Christ as the “true vine”, God the Father as the Vine Dresser according to John 15-and life according to John 14:6) were cut off since God is faithful and just. Meaning if God did not keep up to His Word within Genesis 2:17 that if they (Adam and Eve within that context) ate from the tree of the knowledge of good and evil, they will surely die, than God’s Word is not just: but thankfully God’s Word is just because He is faithful-God is faithful according to Deuteronomy 7:9, Hosea 11:12, 1 Corinthians 1:9, 1 John 1:9, etc… Because God is just and faithful (His Word), mankind reaped the consequences of sin right up until today in this day and age (read Genesis 3 for more information). Furthermore because God is love, He had to fulfill His promise according to Genesis 3:15 through the Life and Death of Jesus Christ or God The Son within our Trinity God heads (God The Father, God The Son and God The Holy Spirit who are as “one” united in love-which is God’s character and principality). Climbing back up and out of this deep hole of explanation, the “man” within Revelation 13:18 refers to our fallen human race, mankind or humanity. So 666 represent or symbolize the human earthly power that has authority or rules over the entire planet earth which is not perfect since only God is perfect-though we as humanity were previously created in the Image of God, Love which is perfect, due to sin according to the fall of man within Genesis chapter 3, were cut off from the tree of life. Or in other words, we do not have access to the tree of life like we previously did before the “Fall of Man”. Meaning we became imperfect or unrighteous, (fell short of what we were created to be) by nature since only God’s principality and character is just, perfect, righteous and everlasting. 






To better understand this scenario, let’s take a look at King Nebuchadnezzar’s first dream found within the book of Daniel within the Old Testament in The Holy Bible. As we all know, King Nebuchadnezzar dreamt about an Image of a man:“A MAN” with different parts of his body “as” different metal and a substance found on, under and within the earth (which we previously discussed in my previous blog, “Age of Iron and Clay”). Remember, God’s number in Revelation and within The Holy Bible is seven (7 meaning perfect since God is perfect, righteous or right-His principality and character of love). So that would mean, multiples of the number six may represent and emphasize counterfeit and falling short. In Daniel 3:1, we see that King Nebuchadnezzar made an entire image (of a man) of gold, whose height was sixty cubits, and its width six cubits which he previously set up for the people to worship (with the idea that only the empire of Babylon was great and would remain in power or have authority over the entire planet earth). But as we all know according to history, the kingdom of Babylon fell (which reigned from 605-539 BC).The next empire was the Medo-Persian Empire which also reigned from 539 and fell around 331 BC. After them came the Greek or Greece Empire which reigned from 331and fell around 303 BC. Following the Greek Empire, came the Roman Empire which reigned from 168 BC to 476 AD. After the Roman Empire, we have the Divided Nations or “Age of Iron and Clay” from 476 AD right up until today. Please take note that:
a.     Firstly, all these empires, kingdoms, and nations are not everlasting or eternal.
b.    Secondly, unlike the other four empires, the divided nations or Age of Iron and Clay’s (which we are currently in) earthly power or authority to rule over the entire planet earth is not based on a single empire, kingdom, or nation but corporations, countries and staties (divided nations). Meaning this earthly power (to rule over the entire planet earth) is shared rather than “it” being individualistically belonging to a particular empire, country, kingdom or nation (example: The Vatican City, Washington D.C or District of Colombia and The City of London). Page 402, ‘Principalities and Powers’, the first paragraph of “THE WORLD HISTORY” by J.M Roberts reads, ‘Most people today are used to the idea of the state. It is generally agreed that the world’s surface is divided between impersonal organizations working through official marked out in special ways, and that such organization provide the final public authority for any given area. Often states are thought in some ways to represent people or nations. But whether they do or not, from which most of us would construct a political account of the modern world.’
c.     Mind you that whatever banks, companies, corporations, etc.., within these particular Cities or City States must abide by their laws or face the consequences of the authority appropriately. Or in other words, whatever headquarters of any company, corporation or organization established within any of these three Cities abide by their laws-do the math of the chain reaction  (so called butterfly-effect) that they have on their branches other entities they do business with throughout the world, internationally speaking. For instance, within The District of Colombia we can find headquarters of the Federal Reserve (Fed), World Bank, and the International Finance Corporation (IFC), etc… All these headquarters of corporations, banks, businesses, branches of businesses, governmental organizations, etc.., within this state operate under the constitution of District of Columbia-the constitution of the District of Columbia operates under a tyrannical Roman law known as Lex Fori (which is different from the U.S constitution).





Now let’s try to illuminate points b) and c) stated above. The fuel that drives any nation, country, empire, state or corporation in power is wealth-to be specific in our day and Age, money. Money initiates, establishes, maintains, and operates infrastructures, states, provinces, cities, countries, governments, military organizations, judicatory systems, corporations, and basically any entity or business that is operational within this day and Age. For instance, with money;
1.    Countries all around the world coexist. Countries like United States of America, Australia, China, Fiji, Palau, Papua New Guinea, etc…
2.    Military organization/s within a country is operational and effective. Like the U.S Military, Australian Defense Force, etc… They are able to buy weapons, produce weapons, pay the wages of soldiers, etc…
3.    Organizations all around the world are operational. Organizations that manage the social security numbers within United Kingdom like the Northern Ireland Social Security Agency, United Nations agency like the IMF, Universities like Oxford University, etc…
4.    States and Cities all around the world function coexist and operate. Cites like, District of Columbia, Vatican City, London, Brisbane, Sydney, Port Moresby, Suva, etc…
5.    Corporations all around the world exist, coexist and operate. Corporations like, PWC, W3C, IBM, BAT, etc…
6.    People are able to use money as a means of exchange for goods and services.

So “money” that makes everything run smoothly around the globe is controlled and managed efficiently and effectively through a safe channel-the bank/s. From my own definition simply speaking, “banks create & control money (currency).” Anyways, let’s see what Wordweb.com and Oxford Advance Learners dictionary have to say. Banks are financial organizations or institutions that accept deposits and channel “the money” into lending activities. Or in other words, banks are responsible for producing, storing, and lending of “money through their secure channels. Just for introductory, throughout the globe we have two major classes of banks: The Central Banks and the Commercial Banks. Quoting from page 870 of The New Encyclopedia Britannica Volume 1, Central Banks act as bankers to governments, as the agents and frequently the designers of monetary and credit policies, and as lenders of last resort to commercial banks in the case of a financial crisis. In addition to their essential technical activities, central banks play a significant physcological role as guarantors of the monetary system, supported by government bank insurance. Also, Central Banks frequently make a healthy profit for governments through fees and security transaction. Commercial Banks are banks which accept savings and checking deposits, make loans and other investments, and offer financial services that facilitate the exchange of funds among individuals and institutions. In addition for profit derived from the interest “spread”, banks charge fees for various services. Also bare in mind that the interests that debtors pay back or are liable to pay back to creditors are the creditor banks’ profit in terms of revenue. Within this scenario, debtors are people, entities and other banks that borrow from the creditor bank. Creditors are banks that allow other banks, entities and people (which are debtors) to borrow from their banks. Or in other words simply speaking, the main goal of any bank is to get you (as customers) to borrow or loan from their bank because that’s how they make profit to survive in the market (world). With that in mind, please take note that the Central Bank of United States of America, The Federal Reserve headquarter is in The District of Columbia (previously mentioned above). “Butterfly effect? Hmm…” So how does the Federal Reserve headquarter situated in The District of Columbia affect all its branches and the entire planet earth? The Federal Reserve like any other organization, corporation or entity whose headquarter is in the District of Columbia operate under the constitution of District of Columbia-the constitution of the District of Columbia operates under a tyrannical Roman law known as Lex Fori (which is different from the U.S constitution). Now the Federal Reserve sets the monetary policies and credit policies… For instance, the Federal Reserve sets the interest rates, legal reserves (anything the law permits banks to claim as reserve), required reserves (the value of reserves that a depository institution hold in the form of vault cash or deposit with the Fed), etc… That simply concludes that other banks (especially commercial banks) do not set their own interest rates and reserve rates within United States-only the Federal Reserve does that. Please do not forget that the Federal Reserve sets these monetary and credit polices (plus other functions) but still comply with the constitution of District of Columbia, since its headquarter (like many) is located within District of Columbia.





Now let’s follow the money (trail)…For example, Due to inflation or various other reasons, the Federal Reserve decides to create or print $1,000,000 U.S dollars. Now the Federal Reserve is United States’ central bank. We’ll later further explain on that but please take note that, the Federal Reserve doesn’t just print out money out of thin air, but borrows to print or create money. Well how does the U.S government through the Federal Reserve borrow money in order to print money (which the Federal Reserve does)? Answer: The U.S Government through the Federal Reserve issues debt-these means that the government sells Treasury marketable securities such as Treasury bills, notes, bonds, and treasury inflation-protected securities (TIPS) to other federal government agencies, individuals, businesses, state and local governments, as well as people, businesses and governments from other countries. Due to the Fed’s policies (monetary and credit polices), the Reserve Ratio is 10%. What that means is that, 10% of the $1,000,000 which is $100,000 would be reserved in the bank or Fed, while the other $900,000 applicable for customers to loan. That would mean, they do not just loan out the full amount of money created or printed-they keep the reserve while the other portion available for loan to their customers. Or in other words simply speaking, the Federal Reserve has $900,000 available for its many customers to loan (borrow) and no more than that particular amount which is $900,000 (within that date).


Simple balance sheet for the Federal Reserve for that particular transaction during that particular date.
 
  










Now the Federal Reserve has many customers. One of its customer (one of the biggest commercial bank in the United States), is the Bank of America. Before we proceed any further on our example, let’s try to briefly get to know Bank of America. First of all, Bank of America is one of the world’s largest banks in assets. Bank of America Corporation incorporated on October 7th 1968, which owns Bank of America National Trust and Savings Association (incorporated November 3th 1930) and several subsidiaries, insurance, real estate, investment management, computer leasing, and other banking related services. So here we can see that Bank of America is big alright. Now, back to our example… So as one of Federal Reserve’s customers, Bank of America decides to borrow $200,000 from the Fed out of the $900,000 which is available for loan by the Federal Reserve. Out of the $200,000, Bank of America keeps $20,000 (which is 10% Reserve Ratio out of $200,000) in its reserve while makes available the other $180,000 to its customers for loan (borrow).



Now United States of America is a 1st world developed country. Now let’s further illustrate this down to a 3rdworld developing country’s perspective. Papua New Guinea for example (since it’s my country)… Now the Bank of Papua New Guinea is Papua New Guinea’s central bank-meaning it also sets the monetary and credit policies within Papua New Guinea (similar to how the Federal Reserve sets the monetary and credit policies for the United States of America). Let’s say the Bank of Papua New Guinea, decides to borrow $50,000 from Bank of America out of the $180,000 available for loan by Bank of America, due to its various motives. After Bank of America approves or grants the loan, that $50,000 is now converted into Papua New Guinean currency-the Bank of Papua New Guinea prints or creates K 143,473.50t (according to the Mid-market rates: 2015-09-24, 01:48 UTC where 1 PGK = 0.348496 USD and 1USD = 2.86947 PGK). Now let’s say that the reserve ratio set by Bank of Papua New Guinea is 2.83%. That would mean Bank of Papua New Guinea would keep K 4060.30 (2.83% or 0.0283 out of the K 143, 473.50 t) in its reserve and loan out K 139, 413.20 t to its customers.



Simple balance sheet for Bank of Papua New Guinea,  for a particular transaction during that particular date.

 







Now let’s say, Westpac Bank (a commercial bank operating within Papua New Guinea) decides to borrow K 30,000.00 out of the K 139, 413.20 available for borrowing. After Bank of Papua New Guinea grants or approves the loan to Westpac Bank, Westpac keeps K849.00 in its reserve (the reserve ratio 2.83% out of K 30,000) and loans out K 29,151 to its customers. Now let’s say, Mr. Joe Blow (used as an illustration) a customer in Westpac borrows K 10,000 out of the K 29,151. Now Mr. Joe Blow spends or invests the K 10,000 borrowed from Westpac with the fact in mind that he has to pay back his debt plus the interest.



Still abiding within our example, let’s continue to see what would happen if the debtors could not pay back their loans to the banks (creditors). Let’s see; if Mr. Joe Blow cannot pay back the interest payments plus the actual amount borrowed (K 10,000.00), Mr. Joe Blow faces the consequences of not paying back his loan as previously clearly stated within his arrangement or agreement with Westpac Bank, before granted approval over his loan at Westpac Bank (for instance, Westpac with legal rights will take Mr. Joe Blow’s assets: like house, car, cash, etc.., in order to settle the amounts owed by Mr. Joe Blow at Westpac). Now what would happen if Westpac Bank cannot payback the amount borrowed plus interest to Bank of Papua New Guinea? The same scenario applies here… Westpac bank would reap the consequences of not paying the amount they borrowed with interest according to the agreement and arrangement they made with Bank of Papua New Guinea, before their loan was previously approved or granted by Bank of Papua New Guinea (if it means for Bank of Papua New Guinea to seize Westpac’s assets to account for the bill they owe). Now what would happen if the Bank of Papua New Guinea cannot repay its loan plus interest to Bank of America? When a country through its central bank becomes “default” or simply cannot or refuses to pay back its debt on the required date, it is harder for the creditor (bank) to repossess the assets of the country’s central bank. Defaulting countries or central banks tend to restructure their debt rather than simply refusing to pay anything at all. But these so called “haircuts”, where the original value of the bond is reduced, can be much more painful for the holders of the creditor bank bonds than a simple clip of the scissors. That is similar to the situation Bank of Papua New Guinea’s going to be in when in the state of being default. Also, let’s not forget that Bank of Papua New Guinea would have to comply with its agreement with Bank of America on that particular loan. Now let’s move on ahead a little bit further on our example-let’s say that a cross default provision (a provision under which default on one debt obligation triggers default on another debt obligation) occurred-when Bank of Papua New Guinea is in default in paying its debt. Now that would mean Bank of America would be in default in paying its debt to the Federal Reserve on time, since it did not get the necessary amounts owed by Bank of Papua New Guinea. Now if Bank of America is in default (unlike any other smaller banks), the Federal Reserve would have to bail it out. Why? Answer: since Bank of America is a huge bank and many other smaller banks, third world countries, organizations and corporations borrow from it, the idea of Bank of America falling down would mean a crisis. That would not be acceptable since it would affect the United States’ and the global economy. Finally we arrive at the Federal Reserve… Now, if the Federal Reserve goes into default, it would face the consequences of what is stated in its agreement with the bond certificate holders. Just like Bank of Papua New Guinea (and other central banks), when it is in default, it is harder for the bond certificate holders to repossess its assets-that would mean that the Federal Reserve would have to restructure its debt. Unfortunately as we all know it that would be a “one in a million” chance of happening in reality since it would go against the nature plus definition of a bond (a secured government endorsed) and would affect United States’ economy and global economy.







Now let’s get back to the start of our example when the Federal Reserve prints out that $1,000,000. The Federal Reserve borrows to print or create money. The U.S Government through the Federal Reserve issues debt-these means that the government sells Treasury marketable securities such as Treasury bills, notes, bonds, and treasury inflation-protected securities (TIPS) to other federal government agencies, individuals, businesses, state and local governments, as well as people, businesses and governments from other countries. Or in other words simply speaking, think of these debts as pools of treasury marketable securities that the U.S government through the Fed offers to the general public to invest upon or buy-in which, the government at a later date (specified in their agreement) pays back these holders with their actual amount borrowed by the U.S government through the Fed plus interest.


A simple example on how the Federal Reserve borrows in order to create or print money within the United States. Note that this is just an example of our “example” generally speaking.
 











 The above diagram simply explains how the Federal Reserve creates or prints money. Large percentages out of the portion of these securities are owned by foreign banks. But then again the controversial question here would be, “Who owns the Federal Reserve?” First of all we must understand that the Federal Reserve is not an agency of the Federal government. It is a hybridIt’s a mixture, its half government and half private-which make up this corporation. Simply speaking, it is a partnership with the government and bank cartels (banks with stock certificates within the Federal Reserve System). Yes, the Federal Reserve is a corporation charted by the congress. Like all corporation, it has stock certificates. These certificates are held by the member banks within the system (in this case, all the independently owned banks within this system). However, these stock certificates do not carry with them any of the powers of private ownership. For example, the holders of these certificates cannot sell them. Simply speaking, if you and I can’t sell something, than we don’t really own it! Also, the larger banks have put up larger amounts of capital into the Federal Reserve System than smaller banks. And yet regardless of that, all the banks within this system have one vote. Furthermore, there’s another violation of private ownership-these banks cannot vote for their national management. The Federal Reserve is run by the Board of Directors of the Federal Reserve System, the national board and its chairman-all of whom are appointed by the President of the United States of America. The Stock certificate holders have no voice in there what so ever. The only thing they can vote for are the members of the board of their local regional banks. Let’s see Mullins’ top eight example of these so called “bank cartels” or member banks of the Federal Reserve System according to page 179 of Mullins (arranged from the largest to the lowest as of 1983);
1.    Citibank
2.    Chase Manhattan
3.    Morgan Guaranty Trust
4.    Chemical Bank
5.    Manufacturers Hanover Trust
6.    Bankers Trust Company
7.    National Bank of North America
8.    The Bank of New York

Let’s briefly go through Mullins’ 1st example on his top eight member banks as listed above, in order to have a fair idea of the member banks within the Federal Reserve System;

·       Citibank-is the consumer division of financial services multinational Citigroup. Now Citigroup Inc. or Citi is an American multinational banking and financial services corporation headquartered in Manhattan, New York City. Citigroup was formed from one of the world’s largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group in October 1998 (announced on April 7, 1998). Citibank was founded in 1812 as the Citibank of New York, later changed to the National Citibank of New York. Citibank’s International subsidiaries include;
§  Citibank Algeria
§  Citibank Argentina
§  Citibank Australia
§  Citibank Bangladesh
§  Citibank Bulgaria
§  Citibank Canada
§  Citibank China
§  Citibank (Colombia)
§  Citibank Czech Republic
§  Citibank (Dominican Republic)
§  Citibank Ecuador
§  Citibank (Egypt)
§  Citibank (Hong Kong)
§  Citibank Hungary
§  Citibank India
§  Citibank Indonesia
§  Citibank Japan
§  Citibank Jordan
§  Citibank Kazakhstan
§  Citibank Kenya
§  Citibank Korea
§  Citibank Malaysia
§  Citibank New Zealand
§  Citibank Nigeria
§  Citibank Pakistan
§  Citibank Philippines
§  Citi Handlowy (Poland)
§  Citibank Portugal
§  Citibank Romania
§  Citibank Russia
§  Samba (Citibank for Saudi Arabia)
§  Citibank International Personal Bank Singapore/ Citibank IPB Singapore
§  Citibank Singapore
§  Citibusiness Singapore
§  Citibank Slovakia
§  Citibank Taiwan
§  Citibank Thailand
§  Citibank Tridad and Tobago
§  Citibank Tunisia
§  Citibank United Kingdom
§  Citibank Ukraine
§  Citibank Vietnam
§  Citibank Banco Cuscatian
§  Citibank Brazil
§  Citibank Chile (bought out by Banco de Chile)
§  Citibank Costa Rica
§  Citibank Guatemala
§  Citibank (Honduras)
§  Banamex Mexico (which owns the Carlifonia Bank of Commerce)
§  Citibank Nicaragua Banco Uno
§  Citibank Panama Banco Uno
§  Citibank Paraguay
§  Citibank Peru
§  Citibank El Salvador Banco Uno
§  Citibank Uruguay
§  Citibank Venezuela
As we can see from the example of Citibank, the ownership of these member banks within the Federal Reserve System are sophisticated in a sense that these banks are merges of large corporations or entities-which were previously well established.



Before we go any further, let’s not by pass what Revelation 13:12 has to say. Revelation 13:12 reads, “And he exercises all the authority of the first beast in his presence, and causes the earth and those who dwell in it to worship the first beast, whose deadly wound was heal.” According to my previous blog titled, “Age of Iron and Clay”, the second beast in Revelation 13 represents the United States of America. As we all know it, United States of America is currently ranked the 1st in the global economy today and is one of the world’s developed countries. Or in other words simply speaking, this authority was given to it. It is also clearly portrayed in the U.S one dollar bill-the unfinished pyramid with the “all seeing eye” on top of it (which doesn’t refer to The Creator God). For more information on this visit the following link: https://www.youtube.com/watch?v=J42pzrx5YrA.  Well, let’s jump back on to our previous track…

The image above illuminates the real meaning of the all-seeing eye on top of the unfinished pyramid within the one dollar bill.






The Federal Reserve like many other central bank invest-it also has shares in some other banks, corporations, entities or organizations such as the World Bank, The Bank for International Settlements, etc… Let’s take a good look at the direction heading toward the Bank for International Settlement. Bank for International Settlement was established on May 17, 1930, by an intergovernmental agreement by Germany, Belgium, France, the United Kingdom, Italy, Japan, the United States, and Switzerland. Today, it can be located at Basel Switzerland. It has transformed so far from its original purpose so called “defensive” into something much bigger and “offensive” within the global economy. It has 60 central banks as its shareholders or member banks. These 60 banks are;
·       Bank of Algeria
·       Central Bank of Argentina
·       Reserve Bank of Australia
·       Austrian National Bank
·       National Bank of Belgium
·       Central Bank of Bosnia and Herzegovina
·       Central Bank of Brazil
·       Bulgarian National Bank
·       Bank of Canada
·       Central Bank of Chile
·       People’s Bank of China
·       Bank of Republic (Columbia)
·       Croatian National Bank
·       Czech National Bank
·       National Bank of Denmark
·       Bank of Estonia
·       European Central Bank
·       Bank of Finland
·       Bank of France
·       Deutsche Bundesbank
·       Bank of Greece
·       Hong Kong Monetary Authority
·       Hungarian National Bank
·       Central Bank of Iceland
·       Reserve Bank of India
·       Bank Indonesia
·       Central Bank of Ireland
·       Bank of Israel
·       Bank of Italy
·       Bank of Japan
·       Bank of Korea
·       Bank of Latvia
·       Bank of Lithuania
·       Central Bank of Luxembourg
·       National Bank of Republic of Macedonia
·       Central Bank of Malaysia
·       Bank of Mexico
·       De Nederlandsche Bank
·       Reserve Bank of New Zealand
·       Norges Bank
·       Central Reserve Bank of Peru
·       Central Bank of Philippines
·       National Bank of Poland
·       Bank of Portugal
·       National Bank of Romania
·       Central Bank of Russian Federation
·       Saudi Arabian Monetary Agency
·       National Bank of Serbia
·       Monetary Authority of Singapore
·       National Bank of Slovakia
·       Bank of Slovenia
·       South African Reserve Bank
·       Bank of Spain
·       Sveriges Riksbank
·       Swiss National Bank
·       Bank of Thailand
·       Central Bank of the Republic of Turkey
·       Central Bank of the United Arab Emirates
·       Bank of England
·       Federal Reserve System

These central banks have similar functions to the U.S Federal Reserve-and that is to set their countries’ monetary and credit policies, plus borrows to create money within their currencies. Also their ownership similar to the U.S Federal Reserve, these banks have huge banks with stock holders Certificate within their respective systems. These 60 member banks within the BIS or Bank for International Settlement get together to set policies much similar to how the Federal Reserve Board of governors get together to set monetary and credit policies for the Fed. It essentially replicated in an international scale on how the Bank of England initiated in England during 1694, which was national control over money through a privately owned bank. It is exempt from the Swiss law-meaning, it’s above their government. That is to say for instance, the Swiss government cannot execute search warrants; Swiss police cannot enter the premises, etc… It’s like an extra territorial entity within Switzerland (in that, it replicates the City in London where the Bank of England sits). Now let’s take a sneak preview at the country (Switzerland) where the BIS is currently located in. Switzerland is a country of central Europe. Switzerland is bordered on the west by France, on the North by Germany, on the east by Austria and Liechtenstein, and on the south by Italy. With more than two-fifths of its area comprising the main ranges of the Alps and with few natural resources other than waterpower, Switzerland has managed to fashion unity out of diverse races, religions, and languages; for more than 700 years, it has maintained the world’s oldest democracy. The capital is Bern. Switzerland is rich in significant prehistoric sites and also has many remnants of the times of Romans. To make it simpler, there are astonishing wealth of remains of Roman culture on Switzerland… The economy of Swiss is intimately tied to the economy of the world and depends on successfully marketing its products abroad. After World War II the Swiss government took an active role in the areas of currency, finance, and business cycles to ensure high employment and law financial center with sections on the different kind of banks, international business banking, exchange and currency valuation; and the ‘bank secret.”








Let’s see what Karen Hudes have to say. Before we get to that, let’s briefly go through Karen Hudes’ profile followed by what she has to say.
Karen Hudes is a graduate of Yale Law School and economics at the University of Amsterdam. She worked in the U.S Export Import Bank of the U.S from 1980-1985 and in the Legal Department of the World Bank from 1986-2007.  She established the Non-Governmental Organization Committee of the International Law Section of the American Bar Association and the Committee on Multilateralism and the Accountability of International Organizations of the American Branch of the International Law Association. Now that is Karen Hudes… In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel. She was in a unique position to see how the global elite ruled the world, and the information that she is now revealing to the public is absolutely stunning. According to Hudes, the elite used a very tight core of financial institutions and mega-corporations to dominate the planet. The goal is control. They want all of us enslave to debt, they want all of our governments enslaved to debt, and they want all our politicians addicted to the huge financial contributions that they funnel into their campaigns. Since the elite also owned all of the big media companies, the mainstream media never lets us in on the secret that there is something fundamentally wrong with the way that our system works. Remember, this is not some “conspiracy theorist” that is saying this things. This is Yale-educated attorney that worked inside the World Bank for more than two decades. Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities-mostly financial entities and especially central banks-exert a massive amount of influence of the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. Hudes also mentioned about the Swiss study, which was conducted by a team of researchers at the Swiss Federal Institute of Technology in Zurich, Switzerland. They studied the relationship between 37 million companies and investors worldwide, and what they’ve discovered is that there is a “super entity” of just 147 very tightly knit mega corporations that control 40 percent of the entire global economy… When the team further untangled the web of ownership, it found much of it tracked back to a “super entity” of just 147 very tightly knit companies-all of their ownership was help by other members of the super entity-that controlled 40 percent of wealth in the network. “In effect, less than 1 percent of the companies were able to control 40 percent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and the Goldman Sachs Group. But the global elite don’t just control these mega-corporations. According to Hudes, they also dominate the unelected, unaccountable organizations that control the finances of virtually every nation on the face of the planet. The World Bank, the IMF, central banks such as the Federal Reserve, etc… At the highest point of this system is the Bank for International Settlements. It is the central bank of central banks. The BIS or the “central bank of the world” is immune (secured against) to the law of all national governments and taxation…  Today, 60 global central banks belong to the BIS, and it has far more power over the U.S economy (or any other economy) will perform over the course of the next year than any politician does. Every two months, the central bankers of the world gather in Basel for another “Global Economy meeting.” During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us any say in what goes on. The BIS or Bank for International Settlement is an organization founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economy system. This system did not come into being by accident. In fact, the elite have being developing this system for a very long time.


Quoting from Georgetown history professor Carroll Quigley from a book that he authored all the way back in 1966 in which he discussed the big plans that the elite had for the Bank for International Settlements… [T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political systems of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived in frequent private meetings and conferences. The Apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’ central banks which were themselves private corporations.





From this analysis, we can see that the Bank for International Settlements is the central bank of central banks throughout the planet earth. All the central banks within the BIS own the BIS. Furthermore, these central banks that own or run the BIS are owned by the governments or banks that have stockholder certificate over these central banks. Or in other words simply speaking, the stockholders of these central banks run the BIS-and they are owned by the stockholders of their corporations, organizations, financial institutions, banks, or entities.






Above is a simple illustration of the ownership within this global system. From these model or illustration we can see that, the investors that invest largely on the bottom line, the “Stockholders of the Stockholders” with certificates within the central banks have a huge influence on the Bank of International Settlement. And also gain much (in terms of dividends).

As we can see from the example above, the investors (normally huge) that invest largely on the bottom line-the “Stockholders of Stockholders” with certificates within the central banks have a huge influence on the Bank for International Settlement, and also gain much in terms of dividends.






To make it much simpler for the general public to understand, there’s no running away from the stockholders of the BIS for any 3rd world developing country. Let’s say for instance referring to our previous example as noted above, if Papua New Guinea through Bank of Papua New Guinea (a 3rd world developing country) decide to avoid the BIS by not borrowing from Bank of America (which borrows from the Federal Reserve-which is one of the member banks in the BIS) and decides to borrow from the World Bank, it still runs directly into the same “people”-that is these central banks or global elite. Or in other words simply speaking, most of the central banks which are member banks within the BIS are also member banks or stockholders of the World Bank. What “this” system is fig-literally saying is that, 3rdand 2nd world developing countries dream to become developed but its all an illusion-3rd and 2nd world developing countries are always meant to be where they are (being a 3rd and 2nd world developing country) simply because “they” are the ones keeping “those” developed countries where they are in the global economy today-or in other words, the developed countries need the 3rd and 2nd world developing country in order to maintain their current place in the global economy keeping them developed. Yes, the developed countries and the 3rd and 2nd world developing countries, the strong and the weak, iron and clay-that is why our current day and age is referred to as the “Age of Iron and Clay.”






It is really important that we don’t forget the fact that according to King Nebuchadnezzar’s dream revealed by Prophet Daniel found within Daniel 2:34, a stone came and struck this image on its feet of iron and clay-causing the whole image to break into pieces. This stone symbolizes God’s kingdom (which is everlasting, perfect and righteous) which will rule this entire planet earth forever after the second coming of Jesus Christ. Yes, Jesus Christ is the focus of the prophecy in both Daniel and Revelation. Jesus Christ already promised us all (humanity) that everlasting life in His Kingdom according to John 3:16-which is eternal or everlasting in love which is His principality and character according 1 John 2:15.  Because God is love, He gave us all the power of choice to choose between His principality (which is love) or satan’s (deliberately spelled in lowercase alphabetical letter since satan is just a creature-and enemy within this Great Controversy) principality (which is selfishness) within this Great Controversy. Furthermore, God also gave us all our perfect example to follow which is none other than Jesus Christ. Also, that perfect example is the way, the truth, and the life according to John 14, and the true vine which connects us (humanity-branches metaphorically speaking) to the tree of life according to John 15. Remember, there’s no other way to God’s kingdom except through Jesus Christ. Since Jesus Christ previously ascended to heaven, He promised us all The Holy Spirit according to John 16:5-15.Let’s not forget the fact that our God is the Trinity God (God The Father, God The Son, and God The Holy Spirit as one united in love-which is God’s principality and character according to 1 John 2:15). Having The Holy Spirit within us is in fact having God The Father, God The Son and God The Holy Spirit or basically “God” within us. Remember, “JESUS CHRIST IS COMING SOON, TIME IS SOMETHING WE ALL DON’T HAVE, AND THE POWER OF CHOICE IS YOURS.”






REFERENCE AND BIBLIIOGRAPHY;

·       Roger LeRoy Miller, Economics Today 14th Edition, U.S.A: Addison Wesley December 12th 2006


·       Encyclopaedia Britannica, Inc. The New Encyclopaedia Britannica Volume 2 MICROPAEDIA Ready Reference 15th EDITION, U.S.A: 


·       Encyclopaedia Britannica, Inc. The New Encyclopaedia Britannica Volume 4 MICROPAEDIA Ready Reference 15th EDITION, U.S.A:


·       Andrews University Press, Andrews Study Bible, U.S.A: Andrews University Press 2010

·       J.M Roberts, HISTORY OF THE WORLD, England: Helicon Publishing ltd 1992

·       Oxford University Press, Oxford Advanced Learners Dictionary, Dictionary.8th ed. England: Oxford University Press 2010




·       3 City States That Rule the World-InvestmentWatch



·       Bank for International Settlement’s link: <https://en.m.wikipedia.org/wiki/Bank_for_International_Settlements>accessed 09/23th/2015

·       United States Treasury security’s link: <https://en.m.wikipedia.org/wiki/United_States_Treasury_security>accessed 09/10th/2015

·       What happens when a country goes bust-The Economist explain: <https://www.economist.com/blogs/economist_explains/2014/11/economist_explains_20>accessed 09/10th/2015

·       Converting 1 PGK TO 1 USD: <https://www.xe.com/currencyconverter/convert/?Amount=1&from=PGK&To=USD>accessed 09/10th/2015

·       Citigroup link: https<//en.m.wikipedia.org/wiki/Citigroup>accessed 09/23rd/2015

·       The Bank for International Settlements-Patrick Carmack on Economics 101: <https://m.youtube.com/watch?v=AbblujbDuWE>accessed 09/23rd/2015

·       Karen Hudes-World Bank in Collusion with the Jesuits: <https://m.youtube.com/watch?v5P2pAS05BOU>accessed 09/24th/2015

·       Karen Hudes: <https://kahudes.net/>accessed 09/22nd/2015

·       The Fed in The Global Economy<https://www.dallasfed.org/assets/documents/institute/wpapers/2014/0200.pdf> accessed 28th/09/2015


·       Economy History of The Federal Reserve<http://economics.uwo.ca/people/laidler_docs/meltzershistory.pdf> accessed 28th/09/2015








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