Law and Government. The demise of the dollar - Business News, Business - The Indepen. Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars. The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years. The Americans, who are aware the meetings have taken place – although they have not discovered the details – are sure to fight this international cabal which will include hitherto loyal allies Japan and the Gulf Arabs.
Against the background to these currency meetings, Sun Bigan, China's former special envoy to the Middle East, has warned there is a risk of deepening divisions between China and the US over influence and oil in the Middle East. "Bilateral quarrels and clashes are unavoidable," he told the Asia and Africa Review. Read also: Board of Directors. The Board is responsible for determining the strategic and policy direction of the BIS, supervising the management, and fulfilling the specific tasks given to it by the Bank's Statutes.
It meets at least six times a year. Four advisory committees assist the Board in its work: The Administrative Committee reviews key areas of the Bank's administration, such as budget and expenditures, HR policies and IT. The Committee's Chairman is Jens Weidmann. The Audit Committee meets with internal and external auditors, as well as with the compliance unit. Inter alia, it examines matters related to the Bank's internal control systems and financial reporting. The Board of Directors may have up to 21 members, including six ex officio directors, comprising the central bank Governors of Belgium, France, Germany, Italy, the United Kingdom and the United States. In addition, one member of the Economic Consultative Committee serves as observer to BIS Board meetings, on a rotating basis.
Theyrule. Ownership Chart: The Big Six. Who Runs the World ? – Network Analysis Reveals ‘Super Entity’ of Global Corporate Control. Business Published on August 28th, 2011 | by Michael Ricciardi In the first such analysis ever conducted, Swiss economic researchers have conducted a global network analysis of the most powerful transnational corporations (TNCs). Their results have revealed a core of 737 firms with control of 80% of this network, and a “super entity” comprised of 147 corporations that have a controlling interest in 40% of the network’s TNCs. Strongly Connected Component (SCC); layout of the SCC (1318 nodes and 12,191 links). Node size scales logarithmically with operation revenue, node color with network control (from yellow to red). Link color scales with weight. [Note to the reader: see the very end of this article for a ranking of the top 50 'control holders'] But now we have the results of a global network analysis (Vitali, Glattfelder, Battiston) that, for the first time, lays bare the “architecture” of the global ownership network.
Two generalized characteristics were identified: and End Notes: The Currency Myth: “Money Makes The World Go Round” Money is everywhere isn’t it? We use it daily, we buy our goods and necessities with it. If we are working, we are making it daily. For most of us not a day goes by where we are in some way using money or thinking about money. That’s all natural of course as it has been such a huge part of our society for a long time.
But have you ever looked at that money and thought to yourself, how did this get here? How did the money I hold and use come into our system to begin with? The way we are brought up to understand the financial system is that it is controlled and printed by our national governments and that it is backed by gold in reserves. “Most Americans have no real understanding of the operation of the international money lenders. The paradox behind these institutions and our monetary system is that the money that’s being printed is only lended to our governments. In order to pay back this interest they have created what they call “fiscal policy.” China’s WTO membership is a farce. The following article originally appeared on Youngstown News.
Ohio businesses, we were told, would gain new access to Chinese markets through the removal of trade barriers, increased transparency, and more stringent protection of intellectual property rights. China promised to follow the rule of law and to reform its legal system, and, in turn, would gain new access to global markets. Ten years later, Ohio workers have seen thousands of jobs shipped to China — factories in Ohio have moved to Wuhan and Shenzhen, with the final products sold back to the U.S.
American manufacturers have been undermined by a flood of cheap Chinese imports priced artificially low. Chinese citizens face poor work conditions and continual human rights violations — and the country’s sole Nobel Peace Prize winner is languishing in prison. The big winner? Gaming the system The list of China’s WTO violations is long. The most damaging of China’s WTO violations is its continual manipulation of its currency.
Why?