stacks



Bank of International Settlements

"The combination of economic and political power in the same hands
is a sure recipe for tyranny." - Milton Friedman


Bank for International Settlements

The Dulles Brothers, Harry Dexter White, Alger Hiss, and the Private Pre-War International Banking System

Lord Rothschild:"This is the Greatest Experiment in Monetary Policy in the History of the World"

$217 trillion in debt: how the global elite like it

America's Derivative Market: Unbelievably Huge & Totally Unregulated

World Derivatives Market Estimated As Big As $1.2 Quadrillion

Financial Core of the Transnational Corporate Class


"Ever since the Basel Bank for International Settlements was created in 1930 by Bank of England Governor Montagu Norman, with help from the US bankers, nominally to deal with German World War I reparations payments under the Young Plan, but as it soon became clear, to serve as a politically independent world central bank monetary cartel, central bank independence has become dogma." - F. William Engdahl, Erdogan's Risky Geopolitical Pirouette, July 31, 2019

Global Wealth Inequality

The Network of Global Corporate Control

General Manager's speech: Making the most of borrowed time

Meet The Secretive Group That Runs The World




"When you are dealing with a world chain of financial consulates, all linking up in a world system, none of them regarded as American banks, or British banks, or French banks, or Italian banks, or German banks, but all of them members of the World Banking System, you are obviously not dealing with individuals who are trying to make a living. " - Henry Ford


"A warehouseman, taking goods deposited with him and devoting them to his own profit, either by use or by loan to another, is guilty of a tort, a conversion of goods for which he is liable in civil, if not in criminal, law.

By a casuistry which is now elevated into an economic principle, but which has no defenders outside the realm of banking, a warehouseman who deals in money is subject to a diviner law: the banker is free to use for his private interest and profit the money left in trust. . . . He may even go further.

He may create fictitious deposits on his books, which shall rank equally and ratably with actual deposits in any division of assets in case of liquidation." - Elgin Groseclose, Institute for International Monetary Research 1934

1930

Bank for International Settlements (BIS) is established by Charles G. Dawes (Vice President under Calvin Coolidge from 1925-1929), Owen D. Young (founder of RCA and Chairman of General Electric from 1922 until 1939), and Hjalmar Schacht of Germany (President of the Reichsbank).

The BIS is the "international central bank for the central bankers."

"The international bankers swept statesmen, politicians, journalists and jurists all to one side and issued their orders with the imperiousness of absolute monarchs." - Lloyd George, British Prime Minister

The International Monetary Fund and the World Bank deal with governments. The BIS deals only with other central banks.

The BIS is a closed corporation owned by the 55 central banks.

Major shareholders include the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank, Bundesbank and Bank of France.

The heads of these central banks travel to the Basel headquarters once every two months, and the General Meeting, the BIS's supreme executive body, takes place once a year.

The Basel headquarters are listening device proof.

There are no public minutes of the meetings.

Everything discussed is confidential.

"Central bankers can sometimes be prima donnas." - BIS SG Gunter Baer

"BIS promotes monopoly capitalist fascism." - Dean Henderson

Central bankers wield power that exceeds that of many political leaders.

Their decisions affect entire economies.

Central bankers set interest rates, determining the cost of borrowing, the overall money supply and the speed of global financial currents.

Central bankers are in charge of bank supervision in most countries.



dictatorship of debt


Understandably unwilling to go to war with International Monetary Fund(IMF) and the World Bank(WB) that controlled their debt, crisis struck new democracies after WWII had to accept IMF and the WB rules.

In the early eighties, IMF and the WB rules got a great deal stricter.

The debt shock coincided precisely, and not coincidentally, with a new era in relations, one that would make military dictatorships largely unnecessary.

It was the dawn of the era of "structural adjustment" - dictatorship of debt.

Milton Friedman's Chicago School of Economics cracked China open.

"Economic reforms" turned China into the sweatshop of the world.

"The Princelings", billionaires, are children of Communist Party officials.

Although the IMF and the WB have loaned money to 'undeveloped' countries the costs have been staggering.

The IMF and the WB does not make loans for altruistic purposes.

Collateral includes infrastructure and natural resources.

WB and the IMF force countries to privatize their infrastructure to be eligible for debt relief as they did in the Asian financial crisis.


How the IMF helped create and worsen the Asian financial crisis

World Bank – IMF Guilty of Promoting Land Grabs, Increasing Inequality





The BIS, a corporation, has the status of a sovereign power and is immune from all governmental control.

A summary of this immunity is listed below:

1) Diplomatic immunity for persons and what they carry with them (i.e., diplomatic pouches).

2) No taxation on any transactions, including salaries paid to employees.

3) Embassy-type immunity for all buildings and/or offices operated by the BIS worldwide.

4) No oversight of operations by any government authority, they are not audited.

5) Freedom from immigration restrictions.

6) Freedom to encrypt any and all communications of any sort.

7) Freedom from any legal jurisdiction, they have their own police force.


The first President of BIS is Rockefeller banker Gates McGarrah - an official at Chase Manhattan and the Federal Reserve.

McGarrah is the grandfather of former CIA director Richard Helms.

Historian Carroll Quigley says BIS was part of a plan, "to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world in a feudalistic fashion by the central banks acting in concert by secret agreements."

1933   "Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men. The money changers have fled from their high seats in the temple of our civilization." - Franklin D Roosevelt inaugural address

1934   New Britain magazine of London publishes a statement made by former British Prime Minister David Lloyd George that, "Britain is the slave of an international financial bloc."

1944   US lobbys unsuccessfully for BIS demise at the post-WWII Bretton Woods Conference.

The IMF and the World Bank are forged at Bretton Woods Conference.

BIS holds at least 10% of monetary reserves for at least 80 of the world's central banks, the IMF and other multilateral institutions.

The financial underwriter for international agreements monitors the global economy and serves as lender of last resort in global financial collapse.

The IMF and World Bank are central to this "New World Order".

World Bank bonds are floated by Morgan Stanley and First Boston.

The French Lazard family becomes involved in Morgan interests.

Lazard Freres - France's investment bank - owned by Lazard and David-Weill families - old Genoese banking scions represented by Michelle Davive.

A major shareholder, Chairman and CEO of Citigroup was Sanford Weill.

In planning the post-war economy it is jointly decided that the Black Eagle Trust will be used to fight communism, bribe political leaders, enhance the treasuries of US allies, and manipulate elections in foreign countries.

This trust is headed by Secretary of War Henry Stimson, assisted by John J. McCloy (next head of the World Bank) and Robert Lovett (next Secretary of Defense) and consultant Robert B. Anderson (next Treasury Secretary).

Robert B. Anderson, operator of Commercial Exchange Bank of Anguilla in the British West Indies is convicted of running illegal offshore banking operations and tax evasion. Investors lose about $4.4 million.



Who Owns The World?

Russian Ambassador, Diplomat and Senior NATO Staff



1963   Eurodollar market is worth around $148 million.

1968   Guaranty Trust launched Euro-Clear, a Brussels-based automated bank clearing system for Eurodollar securities.

Some took to calling Euro-Clear "The Beast".

Brussels serves as headquarters for NATO and the European central bank.

1973   Morgan officials meet secretly in Bermuda to plan the repeal the Glass Steagal Act.

Morgan and the Rockefeller provide financial backing for Merrill Lynch boosting it into the Big 5 of US investment banking.

1982   Eurodollar market is worth $2 trillion, while the M-1 US money supply stood at $442 billion.

Utilization of Eurodollar offshore bank accounts by the super-rich costs cash-strapped governments globally trillions of dollars in annual revenue.

1994   US Federal Reserve buys shares in BIS.

"Under a misguided set of international rules that took hold toward the end of the 1990s, banks were allowed to use internal risk measurements to set capital requirements." - Joe Nocera

Mark-to-market or fair market value accounting refers to inflating asset values to assume predicted market return at time of future sale.

This is an unrealistic valuing strategy as true fair market value can only be known for certain at the point the exchange contract is executed.

Fair value accounting becomes a part of Generally Accepted Accounting Principles (GAAP) in the US.

Enron used the concept of fair market value to inflate the future value of electricity transmission held by off-balance-sheet "special purpose" entities as futures contracts leading to the collapse of the Enron energy futures exchange.

Failure to employee mark-to-market is given by Wall Street as the mitigating cause of the Orange County Bankruptcy (OCB).

"The more complicated these investments are, the more a question of appropriateness comes to the fore," said Felix Rohatyn, Lazard Freres partner and former chairman of the Municipal Assistance Corporation.

The largest investment bank to deal with Orange County is Merrill Lynch.





2011   Rudolf M. Elmer, former head of the Cayman Islands office of the prominent Swiss bank Julius Baer, announces he has handed over to Wikileaks information on 2,000 prominent individuals and companies that he says engaged in tax evasion and other criminal activity.

Elmer described those exposed as "pillars of society".

At one point in time the BIS' board of directors, five elected - the rest permanent, were:

# Nout H E M Wellink, Amsterdam (Chairman of the Board of Directors)
# Hans Tietmeyer, Frankfurt am Main (Vice-Chairman)
# Axel Weber, Frankfurt am Main
# Vincenzo Desario, Rome
# Antonio Fazio, Rome
# David Dodge, Ottawa
# Toshihiko Fukui, Tokyo
# Timothy Franz Geithner, New York
# Alan Greenspan, Washington
# Lord George, London
# Hervé Hannoun, Paris
# Christian Noyer, Paris
# Lars Heikensten, Stockholm
# Mervyn King, London
# Guy Quaden, Brussels
# Jean-Pierre Roth, Zürich
# Alfons Vicomte Verplaetse, Brussels

2015   "It is difficult to avoid the observation that Lombardi's drawings make visible: that since the 1970s, criminals have warped the world banking system to their own bent.

R. T. Naylor's prediction of the "mass criminalization of the financial business" and the worst fears of Interpol chief Raymond Kendall have both come to pass.

The BIS informed the author that "derivatives embedded in loans, securities, and other on-balance sheet assets (e.g. credit-linked notes) do not fall within the scope of our OTC derivatives statistics and are therefore not reported to us unless they are a derivative instrument that must be treated separately under FAS 133 or IAS 39. This means that the $835 trillion in outstanding derivatives positions reported to the BIS in June 2012 did not include the subprime mortgages market, which De Soto estimated in excess of $500 trillion in 2009.

It is reasonable to infer that at least one reason why the Federal Reserve has tried to keep interest rates so low for so long is to avoid upsetting the derivatives markets and the related hedge books of banks and other corporations." - Patricia Goldstone



prior to 911


1950   US corporations pay 26% of the total US tax bill.

1990   US corporations now cover 9% of the total US tax bill.

2009   Bank of America, General Electric and ExxonMobil pay no US federal taxes.

Exxon's net profit for that year is over $45 billion.


"Exxon utilized subsidiaries in the British Crown-controlled Bahamas, Bermuda and Cayman Islands to dodge the IRS.

These opaque offshore Eurodollar markets also launder Saudi petrodollars, CIA drug money and Mossad arms profits.

Illicit funds come out squeaky clean on the balance sheets of mega-banks.

Secretive Swiss banks play a key role." - Dean Henderson




" The powers of financial capitalism had a far reaching plan, nothing less than to create a world system of financial control in private hands.

This system was to be controlled by a world central bank acting in concert through secret agreements arrived at in frequent meetings and conferences.

The apex of the system is the Bank For International Settlements - a private bank owned by state central banks, themselves private corporations.

Each central bank dominates the state by control over treasury loans, by manipulating foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."- Carroll Quigley Tragedy And Hope 1966


"We have in this country one of the most corrupt institutions in the world.

I refer to the Federal Reserve Board.

This evil institution has impoverished and bankrupt the US.

It has done this through the corrupt practices of the moneyed vultures." - Louis T. McFadden, 1932, chairman House Banking & Currency


"Zionist financial power dominates the entire world in its material affairs.

Concentrated Zionist power is working in unison to destroy the existing order of things." - Arthur Nelson Field, The Truth About the Slump 1932

2019   The BIS estimates interest rate derivatives market is the largest derivative market, with a notional amount of outstanding of US $494 trillion.





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This website defines a new perspective with which to engage reality to which its author adheres. The author feels that the falsification of reality outside personal experience has forged a populace unable to discern propaganda from reality and that this has been done purposefully by an international corporate cartel through their agents who wish to foist a corrupt version of reality on the human race. Religious intolerance occurs when any group refuses to tolerate religious practices, religious beliefs or persons due to their philosophical ideology. This web site marks the founding of a system of philosophy named The Truth of the Way of the Lumière Infinie - a rational gnostic mystery religion based on reason which requires no leap of faith, accepts no tithes, has no supreme leader, no church buildings and in which each and every individual is encouraged to develop a personal relation with the Creator and Sustainer through the pursuit of the knowledge of reality in the hope of curing the spiritual corruption that has enveloped the human spirit. The tenets of The Truth of the Way of the Lumière Infinie are spelled out in detail on this web site by the author. Violent acts against individuals due to their religious beliefs in America is considered a "hate crime."

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American social mores and values have declined precipitously over the last century as the corrupt international cartel has garnered more and more power. This power rests in the ability to deceive the populace in general through corporate media by pressing emotional buttons which have been preprogrammed into the population through prior corporate media psychological operations. The results have been the destruction of the family and the destruction of social structures that do not adhere to the corrupt international elites vision of a perfect world. Through distraction and coercion the direction of thought of the bulk of the population has been directed toward solutions proposed by the corrupt international elite that further consolidates their power and which further their purposes.

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