The combination of economic and political
power in the same hands
is a sure recipe for
Bank for International
"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,
Risky Geopolitical Pirouette, July 31, 2019
"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. 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
Electric from 1922 until 1939), and
of Germany (President of the Reichsbank).
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
The BIS is the "international central bank for the
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
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.
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
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.
BIS, a corporation, has the status of a sovereign power and is immune from all
A summary of this immunity is listed below:
1) Diplomatic immunity for persons and what they carry with them (i.e.,
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
authority, they are not audited.
5) Freedom from immigration
6) Freedom to encrypt any and all communications of any
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.
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
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
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
The French Lazard family becomes involved in Morgan
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
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.
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
Investors lost about $4.4 million.
Eurodollar market is worth around $148 million.
Guaranty Trust launched Euro-Clear, a
Brussels-based automated bank clearing system for Eurodollar
Some took to calling Euro-Clear
Brussels serves as headquarters for the new European
central bank and for NATO.
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
Eurodollar market is worth $2 trillion, while the M-1
US money supply stood at
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.
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,
# Christian Noyer, Paris
# Lars Heikensten, Stockholm
Mervyn King, London
# Guy Quaden, Brussels
# Jean-Pierre Roth,
# 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
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.
Bank of America,
General Electric and
ExxonMobil pay no US
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
These opaque offshore Eurodollar markets also
launder Saudi petrodollars,
CIA drug money and Mossad arms
funds come out squeaky clean on the balance sheets of the global
Secretive Swiss banks play a key role.
powerful is the Bank for International Settlements." - Dean
"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
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
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
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
On the other side of the globe, there has taken place in
Russia the greatest concentration of the Jewish revolutionary activity in all
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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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
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Truth of the Way of the Lumière Infinie - a rational gnostic mystery
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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
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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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