OK MORONS, EITHER WATCH THE VIDEO OR READ THE TEXT BUT THIS IS THE MOST IMPORTANT INFORMATION THERE IS?
RED ALERT - RED ALERT - ALSO MIKE POMPEO IS STEPPING DOWN ON THE 20TH JAN ANTI ZIONISM IS ANTI SEMETISM? DUAL NATIONALITY'S?
BIS (BANK OF INTERNATIONAL SETTLEMENTS) MERGING BANKS?
I HAVE BEEN KEEPING A CLOSE EYE ON THE BUILDING OF THE INFRASTRUCTURE DIGITAL CURRENCY PLUS THE FEDERAL RESERVE BUT AGAIN, THIS WAS MISSED BY EVERYONE, THOSE WHO CONTROL THE MEANS TO MONEY, - FCUKING JOKE, ATTACKS FROM EVERYWHERE?
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Merging Central Banks?! (4k)
https://youtu.be/aUIu_hEjx5c
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Most people are aware that all countries run their own central bank for the sake of internal economic stability.
We've got the Bank of England, the US has the Federal Reserve, Germany, France, Australia, China, they've all got one and the EU has the European Central Bank too.
And in the US, states have central banks as well.
So you get the idea that Central Banks are essential for the smooth running of the economy. Or more precisely for the smooth running of how the economy is set up today.
But did you know that there's a Central Bank of Central Banks?
And this is the Bank of International Settlements, or BIS, based in Switzerland.
The BIS is wholly owned by 63 other central banks, one of which is the Bank of England.
It looks like just about all EU and EEA countries are involved as well as the US, Korea, China, Vietnam, Turkey, Thailand, Japan, Israel and Switzerland and many more.
The BIS has two principal activities: economic analysis and banking.
And it has two regional offices—one for Asia and the Pacific in Hong Kong and one for the Americas in Mexico City.
The BIS has been around since 1936. But in 2019 it was decided that the BIS would expand its operations. So it is opening what it calls 'Innovation Hubs' in four new locations.
And in a June 2020 press release, BIS said that these would be Toronto, London, Frankfurt & Paris and Stockholm as well as a strategic partnership in New York.
So that looks like the US, the EU and Brexit UK.
And, on top of Switzerland, the BIS already has Innovation Hub presence in Honk Kong and Singapore.
But what surprised me what that I can't find any mention of this in the mainstream press. Sort of surprised me.
And things look to be moving ahead quite fast on this. Because a Statutory Instrument was issued in the last few days to put the BIS, its Governors and staff on the immunity from prosecution list.
And I also managed to find a draft treaty between the UK and BIS laying out the establishment of the Bank for International Settlements Innovation Hub, or BISIH, in London. Yes, a draft Treaty.
And the Treaty talks about immunity and says the bank and its staff will pay no tax here, will be immune from prosecution and:
"The UK shall guarantee to the BIS, including its BISIH London Centre, the autonomy and freedom of action necessary to carry out its Official Activities."
And also:
"The Premises shall be inviolable. No official of the UK or person exercising any public authority, whether administrative, judicial, military, or police, shall enter the Premises unless permission to do so has been given by the General Manager of the BIS, the Deputy General Manager of the BIS, the Head of the BISIH London Centre or their duly authorised representative notified to FCDO Protocol."
All standard procedure I'm sure.
So what's this Innovation Hub going to be doing?
And in a podcast the interim head at the time, BIS head of research Hyun Song Shin said that the Hub would do three things:
"…identify and develop in-depth insights into critical trends in technology affecting central banks."
Now I said that Shin was the interim head of the BIS Hub, but he has been replaced by Benoit Coure, who previously sat on the executive board of the European Central Bank.
Anyway, the Governor of the Bank of England said last year:
"Now more than ever it is important the central banking community does all it can to build a more effective, resilient and inclusive financial system, and technology is an important part of that effort."
And the Chancellor Rishi Sunak called it 'fantastic' and said:
"It presents an invaluable opportunity to connect the expertise of the world's central banks, working collaboratively on innovative new ways to enhance financial services."
4k. 4k video.
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