He thinks it's some sort of clandestine NWO Illuminati US govt organized plot to over throw the traditional financial world and cause chaos etc.
Based on what ?
Your guess is as good as mine LOL
Since your understanding of finance is zero, I can ignore you:
Banks create money by making loans, but this process is not in any way constrained by reserves, deposits or a money multiplier. Banks do not need deposits to make loans. The idea that banks somehow lend out grandmas savings is propaganda. Instead banks simply create money via accounting wizardry. When a bank approves a loan they simultaneously create a deposit in the borrowers bank account and voilà new money is created. Banks do not function by lending out deposits. Instead the act of lending creates more deposits. This is the reverse of the sequence taught in almost all economic textbooks. Banks create deposits at will.
Economic texts often state that banks are constrained by reserve requirements. This is another lie. There does exist a number called reserve requirements.
The vast majority of money is NOT created by central banks, but by regular banks who loan out money that doesn't exist.
The simply move numbers around in their records, creating debt out of thin air.
And my limited understanding of the Basel rounds is that Tier 1 reserve capital requirements will gradually become more strict, thus enabling TPTB to collapse the global banking system so they can usher in their NWO and SDRs.
Once the parasitic cycle has run its course banks need a way to forcibly harvest the wealth of those who opt out of the system. To succeed they need a more efficient suction mechanism. Specifically they need powerful centralized government and taxation powers
And
we have recently noted how gold can no longer serve that opt-out release valve, but crypto-currency does.