With all respect, the BIS is a New World Order orginazition, a group elected by no one that wants to run the economy OF THE WORLD. Yes change is rumbling across the countries and one of the prime drivers of that change is BIS the more problems that develope the better the chance that BIS can gain power. Yes the US dollar is fiat money and it is currently accepted as safe in a large part of the world and the BIS is attacking the dollar even though they don't even have a currency, all their "settlements" are book entry and guess who keeps the books? It boils down to who do you trust, the unknowns at the Federal Reserve or the really unknowns of the BIS HQ'd in Basel which they are trying to make the capital of the world.baymule said:Study this
http://www.bis.org/bcbs/basel3.htm
Changes are occuring to currencies and banking world wide. Our USA currency is fiat money, value based on "our say-so" backed by nothing. Our country's finances are crumbling, the Federal Reserve is in death throes printing out more and more fiat money. It cannot last. Food could become the new currency when our economy implodes.
With all due respect to poster k15n1, this is not political or based on fear. Change is rumbling all accross the world's countries. The BIS is not cable TV, Fox News, or some self serving fear mongering doomsday sooth sayer.
Educate yourselves.