[lsiq]

What's unconvincing is the vagueness of that statement. Lets' get more specific then.

Explain, for example, how both the Fed and ECB implemented Basel III. Why do these two "independent" organizations adhere so closely to the policy recommendations of some unelected NGO?

[JumpCrisscross]

> Why do these two "independent" organizations adhere so closely to the policy recommendations of some unelected NGO?

Who do you think is on the committee that writes the Basel Accords [1]?

[1] https://en.wikipedia.org/wiki/Basel_Committee_on_Banking_Sup...

[lsiq]

So you're telling me that a few stuffy bureaucrats earning a salary of few hundred thousand a year are the ones who decide what happens to the money of billions? Think again.

I'll give you a big hint, both the first and second presidents of the ECB previously were part of the same small and obscure NGO concerned with the history of banking.