Poised to become the absolute overseer of world finance, the Bank of International Settlements (BIS), headquartered in the boot-shaped "Tower of Basel" in Switzerland, has already been implicated (with the mark-to-market rule of the Basel II Accords) in triggering the sub-prime melt-down and credit crisis of 2007/8. Regardless, in April, the G-20 resolved to grant even greater powers to the boot. And, Obama's June 17th Report on Financial Regulatory Reform indicates his willingness to carry through with the agenda...
Ellen Brown explains:
Big Brother in Basel
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