Technocratic Fiat Implosions and the Battle Over Gold

Technocratic Fiat Implosions and the Battle Over Gold

In 2011, the technocrats devised a scheme, with the assistance of Hans Hoogervorst, appointed chairman of the International Accounting Standards Board, that Europe would be included in IFRS9, a new rule that eliminates mark-to-market accounting of sovereign debt from the European Central Bank’s balance sheets.

When mark-to-market practices were installed in 2009, it led to a short-term market recovery, which presented a false positive as banking institutions no longer had to provide capital to promote long-term financial stability. In the Euro-Zone, banks can now conduct business as sovereign debt becomes the only path that can be taken by countries being affected by the technocratic takeover.

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