stacks



Bank of International Settlements

Global Wealth Inequality


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


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


Bank for International Settlements

Lord Rothschild:
"This Is The Greatest Experiment In Monetary
Policy In The History Of The World"

$217,000,000,000,000 in debt:
that's just how the global elite like it

Financial Core of the Transnational Corporate Class

World Derivatives Market Estimated As Big As $1.2 Quadrillion

America's Derivative Market is Unbelievably Huge & Totally Unregulated

"Ever since the Basle 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

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

Meet The Secretive Group That Runs The World

The Network of Global Corporate Control



"When you are dealing with a world chain of financial consulates, all of them linking up in a world system, none of them to be 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, Director of the Institute for International Monetary Research 1934

1930 The 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 Secretary General Gunter Baer

"BIS promotes an agenda of 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, thereby determining the cost of borrowing and the speed of global financial currents.

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

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 even 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 as a whole to be controlled in a feudalistic fashion by the central banks of the world 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 Delano 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. It serves as financial agent for international agreements, collects information on the global economy and serves as lender of last resort to prevent 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 biggest investment bank - is owned by the Lazard and David-Weill families - old Genoese banking scions represented by Michelle Davive.

A recent 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 and other covert operations.

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

Robert B. Anderson later operated the Commercial Exchange Bank of Anguilla in the British West Indies and was convicted of running illegal offshore banking operations and tax evasion.

Investors lost about $4.4 million.



NATO

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 the new European central bank and for NATO.

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.

The utilization of Eurodollar offshore bank accounts by the super-rich costs cash-strapped governments around the world trillions of dollars in annual revenue.

1994 US Federal Reserve buys shares in BIS.

2011 Rudolf M. Elmer, former head of the Cayman Islands office of the prominent Swiss bank Julius Baer, announced that 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





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 the global mega-banks.

Secretive Swiss banks play a key role.

The most powerful is the Bank for International Settlements." - Dean Henderson



prior to 911


"The powers of financial capitalism had a far reaching plan, nothing less than 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 as a whole.

This system was to be controlled in a feudalist fashion by the central bank of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.

The apex of the system is to be the Bank For International Settlements in Basel, Switzerland (home of first World Zionist Congress, chaired by Theodor Herzl in 1897), a private bank owned and controlled by the world's central banks which are themselves private corporations.

Each central bank sought to dominate its government by its ability to control treasury loans, to manipulate 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


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

I refer to the Federal Reserve Board.

This evil institution has impoverished the people of the United States and has practically bankrupt our government.

It has done this through the corrupt practices of the moneyed vultures who control it." - Louis T. McFadden, 1932, Chairman of the House Banking & Currency Commission


"The world today, however provides a spectacle of a great concentration of Zionist power.

In New York there is a concentration of Zionist financial power dominating the entire world in its material affairs, and side by side with it is the greates physical concentration of the Jews ever recorded.

On the other side of the globe, there has taken place in Russia the greatest concentration of the Jewish revolutionary activity in all history.

The enormously significant thing in the world today is that both this power of the purse and revolutionary activity are working in the direction of destroying the entire existing order of things, and not only are they working in a common direction, but there is a mass of evidence that they are working in unison." - Arthur Nelson Field, The Truth About the Slump








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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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