(another sign) Federal Reserve voting to install Basel rules at USA banks today (Bloomberg)

Folks, essentially this means America is dumping the fractional money system (aka fiat money) and going back to a money system of the US Treasury that is backed by gold. This takes the dark cabal forces out of their power and puts the people back in charge. It is up to us to sustain this change.

IMHO, this is a first step to removed the shackles and restore economic freedom. Steu

Q. What is Basel compliance?
A. Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk. It was agreed upon by the members of the Basel Committee on Banking Supervision in 2010–11, and was scheduled to be introduced from 2013 until 2015; changes from January 7, 2013 extended implementation until 2019 however. The third installment of the Basel Accords (see Basel I, Basel II) was developed in response to the deficiencies in financial regulation revealed by the late-2000s financial crisis. Basel III was supposed to strengthen bank capital requirements by increasing bank liquidity and decreasing bank leverage. (wikipedia)

U.S. banking regulators seeking to prevent another global financial meltdown are set to impose new minimums for capital amid predictions that smaller lenders will get easier terms.

The Federal Reserve goes first today with a vote that could call for banks to maintain loss-absorbing capital equal to at least 7 percent of risk-weighted assets, in line with international standards agreed upon by the Basel Committee on Banking Supervision.

The global capital accord in 2010 among the 27 countries of the committee is meant to bolster regulation, supervision and risk management in the banking system to reduce the chance for a repeat of the 2008 credit crisis. Smaller lenders have lobbied for exemptions, saying they didn’t cause markets to seize and shouldn’t have to bear the same burden.

The rules narrow the definition of what counts as capital, in line with the revisions from the Basel panel. They also double the minimum ratio of capital to assets and reclassify derivatives and mortgage-based securities as more risky than in previous versions.

read article http://www.bloomberg.com/news/2013-07-02/fed-voting-to-bring-u-s-capital-rules-in-line-with-basel.html