"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
"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. 1930
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
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."
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
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
fascism." - Dean Henderson
Central bankers wield power that exceeds
that of many political leaders.
Their decisions affect entire
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.
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
Milton Friedman's Chicago School of
"Economic reforms" turned
China into the
sweatshop of the world.
billionaires, are children of Communist Party officials.
the IMF and the WB have loaned money to 'undeveloped' countries the costs have
and the WB does not make loans for altruistic purposes.
includes infrastructure and
and the IMF force countries to
infrastructure to be eligible for debt relief as they did in the Asian
How the IMF
helped create and worsen the Asian financial crisis
World Bank IMF Guilty of Promoting Land Grabs, Increasing
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:
immunity for persons and what they carry with them (i.e., diplomatic
2) No taxation on any transactions, including salaries paid to
3) Embassy-type immunity for all buildings and/or offices
operated by the BIS worldwide.
4) No oversight of operations by any
authority, they are not audited.
Freedom from immigration
6) Freedom to encrypt any and all communications of
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
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
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
1944 US lobbys unsuccessfully for
BIS demise at the post-WWII Bretton Woods
The IMF and the World Bank are forged at
Bretton Woods Conference.
holds at least 10% of monetary reserves for at least 80 of the world's central
banks, the IMF and other
financial underwriter for
international agreements monitors the global economy and serves as lender
of last resort in global
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
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
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.
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
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
Eurodollar market is worth $2 trillion, while the M-1
US money supply stood at
Utilization of Eurodollar offshore bank accounts by the
super-rich costs cash-strapped governments globally trillions of dollars in
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
fair market value accounting
refers to inflating asset values to assume predicted market return at time of
This is an unrealistic valuing strategy as true fair market
value can only be known for certain at the point the exchange contract is
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.
employee mark-to-market is given by Wall Street as the mitigating cause
Orange County Bankruptcy (OCB).
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.
investment bank to deal with Orange County is
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
# Lord George, London
# Hervé Hannoun, Paris
Christian Noyer, Paris
# Lars Heikensten, Stockholm
# Mervyn King,
# Guy Quaden, Brussels
# Jean-Pierre Roth, Zürich
Alfons Vicomte Verplaetse, Brussels
"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.
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." -
1950 US corporations pay 26% of the total US tax
1990 US corporations now cover
9% of the total US tax bill.
2009 Bank of America,
General Electric and
ExxonMobil pay no US federal
profit for that year is over $45 billion.
"Exxon utilized subsidiaries in
the British Crown-controlled Bahamas, Bermuda and Cayman Islands to dodge the
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.
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
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
financial power dominates the entire world in its material
Zionist power is working in unison
to destroy the existing order of
things." - Arthur Nelson Field, The Truth About the Slump
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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is presented for educational purposes only.
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."
This web site
in no way condones violence. To the contrary the intent here is to reduce the
violence that is already occurring due to the international corporate cartels
desire to control the human race. The international corporate cartel already
controls the world central banking system, corporate media worldwide, the
global industrial military entertainment complex and is responsible for the
collapse of morals, the elevation of self-centered behavior and the destruction
of global ecosystems. Civilization is based on coöperation.
Coöperation does not occur at the point of a gun.
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
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