It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Two key rules are slated for 2018: The leverage ratio set by the Basel Committee on Banking Supervision and International Financial Reporting Standard No. 9, defined by the International Accounting Standards Board. Other rules that require banks to stop using their own internal measures to assess risk start to be introduced from next year.
We are a not-for-profit, public interest organisation with oversight by a Monitoring Board of public authorities. Our governance and due process are designed to keep our standard-setting independent from special interests while ensuring accountability to our stakeholders around the world.
The Trustees of the IFRS Foundation are responsible for the governance and oversight of the International Accounting Standards Board (IASB).
Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going to be part of that anymore. We’re only working for the U.S. State Department and Pentagon. If the Pentagon tells the IMF it’s okay that a country doesn’t have to pay Russia or China, then now they don’t have to pay, as far as the IMF is concerned.’ That breaks up the global order that was created after World War II. The world is being split into two halves: the U.S. dollar orbit, and countries that the U.S. cannot control and whose officials are not on the U.S. payroll, so to speak.
originally posted by: the2ofusr1
a reply to: FamCore
imo tptb have been up to no good while distracting the masses with the usual misdirections and who the next American Idol will be .Or with the latest political cycle . Canada has just passed a budget that has a new twist in their economic game . Instead of the massive Bail Outs that see a lot of debt put on the books to enslave us they are structuring what will be the final swap from our savings and pensions to re-liquidate the banks . They have basically run out of options as to what they can do . It was a system that had to get the whole world to by into but that is not going to happen as we have seen that places like Russia ,China and others want to walk their own walk . In order to keep it going the system has to get money somewhere because the chickens are coming home to roost and all of these bonds and dollars created will be coming back . That is why you see places like the Saudi's turning lots and lots of USD into weapons of war . They want to keep themselves going for as long as they can while spending some of their billions of USD .
Somehow I think that these new carbon credit tax schemes will help fund the local Govt's .We the serfs will be taxed via the amount of co2 we produce . It means at the end of the day a reduced population and a steady income for them .Nation States will vanish and it will be regional powers with the guns and the means to police us all . This solari report speaks a bit of this vimeo.com...