There are 3 baskets of currencies

5-29-13 Eagle1: What is Basel III? It’s named for Basel, Switzerland where Bush 43 met with central bankers and IMF to develop protocols to take all nations from fiat currency to asset-based currency; for some nations, these protocols will devalue their currency and for other countries, it will substantially increase their currency value. At the time, world banks were running Babylon 1 software which…could not manage the complex revaluations of all the currencies; new software was needed.

There are 3 baskets of currencies: 25 currencies in the first basket and the next 2 baskets have 30 currencies each; the plan is to revalue or re-align all 85 currencies by June 30; there are a total of 198 countries participating in this, it is a massive undertaking.

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