How come Ron Paul never complains about the BIS?

[Joanne98]

The Bank for International Settlements (BIS) is an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks.
The BIS fulfils this mandate by acting as:

•a forum to promote discussion and policy analysis among central banks and within the international financial community •a centre for economic and monetary research •a prime counterparty for central banks in their financial transactions •agent or trustee in connection with international financial operations

The head office is in Basel, Switzerland and there are two representative offices: in the Hong Kong Special Administrative Region of the People's Republic of China and in Mexico City.
Established on 17 May 1930, the BIS is the world's oldest international financial organisation.

http://www.bis.org/about/index.htm

I seems to me that if there's a problem with central banks one should start at the top. I don't trust the Republicans on the Fed. I think the Fed should be audited because data is always good but I have a feeling they're up to something else.

[firstnamefred]

1. Why do you use acronyms in subject lines?

To increase the chances that more people will click on your posts?

[Joanne98]

2. Kinda early to be complaining isn't it?

[firstnamefred]

5. Nope

[Hannah Bell]

3. the bis isn't the world's oldest international financial org. plenty of international

financial orgs predating it.

[Joanne98]

4. Thanks

[westerebus]

6. Because it's not an American institution. n/t

[ATTC]

7. Lots Of Things to Question By Ron Paul

As much as I want him to be on our side, maybe he's not.

Because he keeps promoting this gold standard thing as if the money changers weren't rigging things before we were off the gold standard.

Problem isn't the commodity behind money, it's the idea of fractional reserve banking period.

Unless you take that away, they will corner the market on any commodity and continue to commit their crimes.



That's why the best currency we ever had was Lincoln's greenbacks.

[westerebus]

8. Welcome to DU.

What I like about Ron Paul is his ardent dislike of big government. What I don't like about Ron Paul is what he thinks the role of government should be. Plus the gold standard as the cure to all the economic tinkering by the FED and Congress.

With out fractional reserve banking, we would not have an economy. At least not one based on capitalism. In the simple form of risk and reward in a shared market place. Which has been lost in the shuffle of de-regulation, globalization, oligarchic over sight, and a mix of divisive pandering by the political parties in this nation. If you think capitalism is bad, like democracy, the other systems are worse. Though not by much given where we find ourselves today.

I agree with Paul that it's the exploitation by the few that create the distress for the many. That our Congress is ineffectual and corrupted. It is not Congress as an institution that requires changing, it is the political parties which have become institutionalized in their hold on power that need reforming.

The return to status quo is not going to happen. And change will not happen without blood shed. That's the other place we part company. Not the former as to normalcy, but the later. His hope is to avoid it with reconciliation under a libertarian agenda. Not gonna happen.

Bipartisanship? Done. One party rule? Not if we keep having rigged elections with the party's consent and administration. What's that leave? Apathy? Can't afford it. What's left?

When all else fails, we resort to what? The history of this nation is written in blood. Mr Lincoln knew something about that. Greenbacks, indeed.