This post originally appeared on Slope of Hope and was written by Bruno de Landevoisin: Today
I concentrate my questionable craft on a cunning confidential
continental institution situated in Switzerland. Namely; the Bank for International Settlements, otherwise known as the BIS. The above luminous photo is of their luxurious Headquarters.
Ten
times a year, once a month except in August and October, a small group
of well dressed men arrives in Basel, Switzerland. Carrying elegant
overnight bags and stylish brief cases, they discreetly check into the
Euler Hotel, across from the railroad station. They come to this quiet
city from places as disparate as Tokyo, Paris, Brasilia, London, and
Washington, D.C., for the regular meeting of the most exclusive,
secretive, and powerful supranational club in the world.
Each
visiting member has his own office at the club, with secure telephone
lines to his home country. These elite international bankers are fully
serviced by a permanent staff of about 300, including chauffeurs, chefs,
guards, messengers, translators, stenographers, secretaries, and
researchers. Also at their disposal are a brilliant research unit, as
well as a secluded country club with tennis courts and a swimming pool, a
few kilometers outside of Basel.
Undoubtedly,
we have all heard of this all important international organization, but
how many of us really know much about it, or even understand its
intended purpose. The only thing that I knew about this powerful global
entity was that it is often described as the Central Bank of Central
Banks. Clearly, BDI should know a lot more about the BIS, and thus I
promptly looked into it. Let's constructively begin with some benign
elementary historical background transcribed from Investopedia, and also lay out the venerable institution's specific functions & mission statement, directly from the BIS website itself.
After which, EP will inflict major medieval mayhem on these
malfunctioning maggots and their central bank fiefdom abomination.
Founding and brief History of the BIS:
Founded
in 1930, the Bank for International Settlements is the oldest global
financial institution and operates under the auspices of international
law. But from its inception to the present day, the role of the BIS has
been ever-changing, as it adapts to the dynamic global financial
community and its needs.
The
BIS was created out of the Hague Agreements of 1930 and took over the
job of the Agent General for Repatriation in Berlin. When established,
the BIS was responsible for the collection, administration and
distribution of reparations from Germany - as agreed upon in the Treaty
of Versailles.
After World War II, the BIS turned its focus to the defense and implementation of the World Bank's Bretton Woods System.
Between the 1970s and 1980s, the BIS monitored cross-border capital
flows in the wake of the oil and debt crises, which in turn led to the
development of regulatory supervision of internationally active banks.
More recently, it has concentrated its efforts on the global financial
stability and capital reserve requirement accords.
The
BIS has also emerged as an emergency "funder" to nations in trouble,
coming to the aid of countries such as Mexico and Brazil during their
debt crises in 1982 and 1998, respectively. In cases like these, where
the International Monetary Fund is already in the country, emergency funding is provided through the IMF structured program.
The
BIS has also functioned as trustee and agent. For example, from 1979 to
1994, the BIS was the agent for the European Monetary System, which is
the administration that paved the way for a single European currency.
Today,
the BIS has become the central bank of central banks. The Bank now
represents the interests of nearly all of the world's central bank
institutions, and manages a significant share of their reserves,
including gold holdings. The organization now serves and presides over
60 central banks worldwide. Accordingly the BIS requires the capital/asset ratio of central banks to be above a prescribed minimum international standard, for the protection of all central banks involved.
Stated Mission and Function of the BIS:
The
mission of the Bank for International Settlements (BIS) is to serve
central banks in their pursuit of monetary and financial stability, to
foster international cooperation in those areas and to act as a bank for
central banks.
In broad outline, the BIS pursues its mission by:
- promoting discussion and facilitating collaboration among central banks;
- supporting dialogue with other authorities that are responsible for promoting financial stability;
- conducting research on policy issues confronting central banks and financial supervisory authorities;
- acting as a prime counterparty for central banks in their financial transactions; and
- serving as an agent or trustee in connection with international financial operations.
Monetary
and financial stability is one of the key objective of the BIS.
Bimonthly meetings of the Governors and other senior officials of the
BIS member central banks to discuss monetary and financial matters are
instrumental in pursuing this goal. The standing committees located at
the BIS support central banks, and authorities in charge of financial
stability more generally, by providing background analysis and policy
recommendations.
- the Basel Committee on Banking Supervision
- the Committee on the Global Financial System
- the Committee on Payment and Settlement Systems
- the Markets Committee
- the Central Bank Governance Forum
- the Irving Fisher Committee on Central Bank Statistics
The
BIS secretariats prepare the meetings of the committees, draw up
background papers and reports and publish the work of the groups they
serve. In addition, several independent organisations involved
in international cooperation in the area of financial stability have
their secretariats at the BIS:
- the Financial Stability Board
- the International Association of Insurance Supervisors
- the International Association of Deposit Insurers.
Ok,
so now that we are all up to speed on the BIS's baffling bloviated
bullshit, and fully indoctrinated in the organization's whitewashed
history, publicly claimed mission statement and assumed functions, it's
time for The Savant to expose the true nature of this supposedly benign
bastion of banking balance. Trust me, they are anything but the modest
measured men of monetary moderation and management they portend to be.
BDI will now expose this incredible institution and unmask these crooks
as a conceited cunning cabal of craven carnivorous cannibals bent on
global financial domination, who deftly deploy dreaded dastardly debt
disbursements the world over. They will stop at nothing to achieve
their ends, absolutely nothing.
To
fully comprehend the self-serving nature of the BIS, one has to
understand that it is an autocratic institution run by a very select
group of the highest ranking bankers on the planet, representing both
private banking interests, as well as those of the vast network of major
central banks that are ultimately owned by those same private
commercial interests. It is important to note that these top
international bankers have intentionally organized themselves, so as not
to be directed by their own national governments for the crucial
decisions and actions they take. In
effect, they are a supranational organization, controlled by an elite
group of men, who preside over most of the world's financial and
monetary systems of exchange which regulate and facilitate most of the
globe's commerce.
The
supreme inner club is made up of the half dozen or so extremely
powerful central bankers who find themselves, for all practical
purposes, at the apex of an international privately devised monetary
system. Their
dubious dastardly dictate, which enshrines the inner club from the rest
of the lessor BIS members, is the firm belief that central banks should
act independently of their home governments. Their controlling
organization is at the epicenter of global finance, and has inherently
become increasingly connected and indispensable over time by design.
A
glaring early example of their self-serving grandiosity can be found in
their despicable double dealings before the outbreak and during the
hostilities of the 2nd World War. The following passage, by well
respected financial historian Adam LeBor, details the nefarious activities of Thomas McKittrick, a former president of the BIS:
The
BIS was founded in Basel in 1930, where it is still headquartered
today. Ostensibly set up as part of the Young Plan to administer German
reparations payments for WWI, its real purpose was detailed in its
statutes: to “promote the cooperation of central banks and provide
additional facilities for international financial operations.” The
establishment of the BIS was the culmination of the central bankers’
decades-old dream to have their own bank powerful, independent, and free
from interfering politicians and nosy reporters. Under the terms of the
founding treaty, the bank’s assets could never be seized, even in times
of war. Most felicitous of all, the BIS was self-financing and would be
in perpetuity. Its clients were its own founders and shareholders, the
central banks. The BIS, boasted Gates McGarrah, an American banker who
served as its first president, was “completely removed from any
government or political control.”
McKittrick’s
involvement with the BIS began in 1931, when he joined the German
Credits Arbitration Committee, which adjudicated disputes involving
German commercial banks. One of the other two members was Marcus
Wallenberg, of Sweden’s Enskilda Bank, who taught McKittrick about the intricacies
of international finance. Marcus and his brother Jacob were two of the
most powerful bankers in the world. During the war, the Wallenberg
brothers used Enskilda Bank to play both sides and harvest enormous
profits. In May 1939 McKittrick was offered the position of president of
the BIS, which he readily accepted.
As
head of the BIS, headquartered in Basel, from 1940 to 1946, McKittrick
played a crucial role in abetting Hitler’s war—and, at the same time, in
revealing details about his Nazi colleagues to his friends in
Washington, D.C. On McKittrick’s watch, the BIS willingly accepted
looted Nazi gold, carried out foreign exchange deals for the Reichsbank,
and recognized the Nazi invasion and annexation of conquered countries.
By doing so, it also legitimized the role of the national banks in the
occupied countries in appropriating Jewish-owned assets. Indeed, the BIS
was so indispensable to the overall Nazi project that the
vice-president of the Reichsbank, Emil Puhl, who was later tried for war crimes,
once referred to the BIS as the Reichsbank’s only “foreign branch.” In
the closing months of the war, as American GIs fought their way across
Europe, McKittrick was arranging deals with Nazi industrialists to
guarantee their profits after the Allied victory.
And additionally from Wikipedia:
As a result of Nazi collaboration allegations, at the Bretton Woods Conference held
in July 1944, Norway proposed the "liquidation of the Bank for
International Settlements at the earliest possible moment". This
resulted in the BIS being the subject of a disagreement between the
American and British delegations. The liquidation of the bank was
supported by other European delegates, as well as the United States
(including Harry Dexter White, Secretary of the Treasury, and Henry Morgenthau),[6] but opposed by John Maynard Keynes, head of the British delegation.
Fearing that the BIS would be dissolved by President Franklin Delano Roosevelt,
Keynes went to Morgenthau hoping to prevent the dissolution, or have it
postponed, but the next day the dissolution of the BIS was approved.
However, the liquidation of the bank was never actually undertaken.[7] In April 1945, the new U.S. president Harry S. Truman and the British government suspended the dissolution, and the decision to liquidate the BIS was officially reversed in 1948.
Flash
forward to Today. Would the very same elite banking interests not be
behind the destabilization and financing of multiple military conflicts
sprouting up all over the globe? After all, the U.S. just finished
squandering over $3 trillion endlessly tussling with a fanatical bunch
of burka wearing nomads in the sparse mountains of Afghanistan for well
over a decade. In the end, what, and who the hell was all of that money
really for? Might it be multinational bank financing concerns
funneling their central bank issued easy money government treasury
funding directly into the military industrial complex.
MENA,
after years of relative calm imposed by despotic regimes often
legitimized by Western commercial interests, suddenly, all at once,
seemingly out of nowhere, rose up in a spontaneous combustion of
political awareness, the so called Arab Spring, which
has brought as much disillusionment as promise. What was really behind
this? Syria has been in a perpetual state of war due to ISIS
insurgents supported by the U.S., Saudi Arabia, and Israel. Iraq is on
the verge of complete disintegration as the same western organized ISIS
move in on Baghdad. Libya is erupting, with American, British and French
embassy's being swiftly evacuated. What gives? Are all of these
simultaneous regional conflicts simply a sheer coincidence? More war
financing requirements perhaps.
The
Hamas / Israel connection has certainly duped many, even though it is
historical fact that the creation of Hamas itself was funded and
supported by covert elements of the Israel government. Why did Israel
put money and arms at the disposal of Muslim extremist groups like Hamas
and ISIS, only to enter into brutal conflict with them later? Again,
are the international bankers involved here as well? If so, it sure
gives a whole new meaning to DeathFlation!
The
Ukraine crisis is only further intensifying after the attack on
Malaysian flight MH17. In just the past week, the EU has instituted
serious economic and financial sanctions, fighting has become even more
fierce in the ethnic Russian speaking regions, and Russia itself has
been accused of firing heavy artillery into the war zone. Moreover, the
U.S. now claims that Russia has demonstrably violated the terms of the
Intermediate Range Nuclear Forces treaty.
Interestingly,
assistant Secretary of State, Victoria Nuland recently indicated that
U.S sponsored NGOs (Non-Governmental Organizations) spent over $5
billion fomenting political protest on the ground in Kiev, in order to
destabilize and ultimately overthrow the former president of Ukraine,
Victor Yanukovych. Again, who or what institution actually facilitated
the financing of such an excessive amount of funds, and why?
Is
it simply the bane of proxy war profiteering which is underway, or is
something more sinister also a foot here. Is the western central bank
hegemonic monetary system attempting to further impose itself on the
arising and defiant BRICS? Furthermore, since all out military
conflict is no longer a viable option, due to assured mutual destruction
from imposing nuclear arsenals, another most effective avenue for world
domination would be via strategic financial and economic power. Is this
what the international banking cabal is now seizing upon?
Such
an example of a BIS sponsored strategic global economic initiative, by
its self-serving megalomaniac banking power brokers, was its behind the
scene’s role in devising and pushing forward the concept for a European
Union with a single common currency. It established a new role for
itself in the postwar world, first as the financial mechanism for
American efforts to rebuild Europe, and then for the accelerating
project of European unification. Some believe that the trans-national
vision of a modern Europe ruled by mandarins in Brussels and Basel was
originally hatched and concocted in a secret meetings held at the Bank
for International Settlements.
Clearly,
the driving force behind the financial engineering ambitions of the
elite global bankers at the BIS has always been the same. Namely; to
further establish themselves as the indispensable international
financial body, whose ultimate authority supersedes any national
jurisdiction, thereby interminably dismantling and diminishing the
sovereignty of the individual nation states. In other words, they
consolidate their subjugation of the local citizenry by championing the
benefits of economies of scale which only globalization can achieve,
and, of course, that only their financial frameworks can administer.
The
UN, EU, NAU, IMF, WBC, CFR, NATO, WTO, OECD, WHO, and a myriad other
IGOs (Intergovernmental organizations), all use much the same modus
operandi as the BIS, to expand their dominion. In the end, it's mostly
about their self-seeking interests, entitled importance and
institutional aggrandizement. Throughout history, elite groups of men
have always attempted to subjugate the masses, this is no different.
The once magnificent self determined Republic of the United States, for
the people of the people, must stop these globalists dead in their
tracks, before their self-serving hubris and unrelenting drive for
hegemony brings unsuspecting Americans down on their knees.
Carroll Quigley, the renown academic historian, in his monumental tome Tragedy and Hope published
in 1966, clearly identified the underlying scheme of this scourge.
Having studied the rise and fall of civilizations, Quigley found the
explanation of disintegration in the gradual transformation of social
"instruments" into "institutions", that is, transformation of social
arrangements functioning to meet real social needs into social
institutions serving their own purposes regardless of real social needs.
Many discerning Americans are certainly aware of the prevalence of the
false Left/Right paradigm in American politics which is clearly driven
by the buying off of politicians via an army of private lobbyists on
behalf of avaricious corporate institutions and demanding special
interest groups. There is also a solid case to be made that our
multinational banking institutions directly serve to promote this
debilitating duplicitous demagoguery. The once esteemed news networks
have also degenerated into a cronyism cesspool of unabashed corporatism,
no longer reporting news, but rather dishing out distilled
disinformation and various valueless vicissitudes. Institutional
disintegration indeed, Mr. Quigley was flat out dead right back in 66'!
Professor Carroll Quigley directed these poignant prescient words specifically at the Bank for International Settlements:
"The
Power 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 feudalistic
fashion by the central banks of the world acting in concert, by secret
agreements arrived at in frequent meetings and conferences.
The
apex of the system was to be the Bank for International Settlements in
Basel, Switzerland, a private bank owned and controlled by the world's
central banks, which were 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
co-operative politicians by subsequent rewards in the business world."
The
ominous premise of this lengthy EP, leads The Savant to precisely why
he has become so increasingly alarmed, in what he absolutely believe is
staring the United States right in the face. Just as the once proud
independent self governing sovereign nation states of Europe have become
subservient to an autocratic international banking class which promptly
imposed a common currency, and now actively crafting a fiscal union to
complete its ascendancy and authority, the United States is also a prime
target in the cross hairs of the financial globalists. Make no
mistake, the BIS, IMF, IFC, OECD and the World Bank are on a maniacal
maraudering mission to subvert the existing U.S. monetary system, via a
complicit and cunning central bank in our very own Federal Reserve. In
my view, this is the only valid explanation as to why we are
systematically being driven off a fiscal and monetary cliff, almost as
if we were preforming national financial and economic Hari Kari. At this point, they have mandated a market cataclysm and deliberately determined the dollar's demise. To be sure, the
BIS and IMF are waiting in the wings with a new global means of
exchange based on an archetype of the presently established SDR
mechanism.
Why else is the BIS saying the following today regarding the FED's current monetary measures?
“The
temptation to postpone adjustment can prove irresistible, especially
when times are good and financial booms sprinkle the fairy dust of
illusory riches. The consequence is a growth model that relies too much
on debt, both private and public, and which over time sows the seeds of
its own demise.
To
return to sustainable and balanced growth, policies need to go beyond
their traditional focus on the business cycle and take a longer-term
perspective – one in which the financial cycle takes centre stage…They
need to address head-on the structural deficiencies and resource
misallocations masked by strong financial booms and revealed only in the
subsequent busts. The only source of lasting prosperity is a stronger
supply side. It is essential to move away from debt as the main engine
of growth."
Ask
yourselves, if Janet Yellen sits on the Board of Directors of the BIS,
why have she and her 21st century predecessors been conducting a brazen,
unproven, uncharted and surely precarious monetary policy with complete
abandon, that totally contradicts the sage and proven advice
judiciously laid out above by the very institution which is central to
monitoring, regulating and advising on global central bank direction.
Something stinks here, it just doesn't add up. Is our Federal Reserve,
whose top leadership also happens to be elite members of the BIS banking
cabal club, actually double dealing here? Setting us up for a great
fall, so the financial globalists can come sweeping in to our rescue,
installing themselves as our monetary overlords? Far fetched, you say?
Remember, this is well within their past predatory precepts, and
typical of their self-serving Modus Operandi!
If
the Idiot Savant's take doesn't convince you, perhaps the view of a
multi-billionaire hedge-fund legend on the very same issue might. Paul Singer in his own words:
We
were astounded to learn that the board of the BIS is comprised of none
other than the heads of the major central banks of the developed world!
Yes – Yellen, Draghi, et al!
So,
these central bankers are simultaneously failing to tell their
respective governments that (1) monetary policy has done enough; (2)
monetary policy is causing massive risks and distortions; and (3)
political leaders must grab the reins and make structural changes, these
same central bankers are authorizing BIS reports that will enable them
to say, after the coming multifactor crisis, that they told us about the
risks.
We
wonder who from the Fed authorized the report, and why they haven’t
shared these harsh views of Fed policy in the FOMC meeting minutes or
the endless public speeches by Fed officials. It is duplicitous for the
Fed to authorize the views in the BIS report yet keep quiet about them
elsewhere. But then, the Fed has never accepted much responsibility for
the 2008 crisis, despite its decisions to keep interest rates
artificially low for an extended period of time, to do a poor job of
regulating the banking system and to abet Fannie and Freddie in their
utter irresponsibility. History rhymes. The Fed has created the fuel for
another crisis, seems to know it judging by the BIS report, and yet is
covering itself with an "I told you so" report from the BIS rather than
changing course.
In closing, the following list identifies the current Board of Directors who preside over the Bank of International Settlements today, see if you recognize any of them.
The BIS Board of Directors:
Chairman: Christian Noyer, Paris
Mark Carney, London
Agustín Carstens, Mexico City
Luc Coene, Brussels
Jon Cunliffe, London
Andreas Dombret, Frankfurt am Main
Mario Draghi, Frankfurt am Main
William C Dudley, New York
Stefan Ingves, Stockholm
Thomas Jordan, Zurich
Klaas Knot, Amsterdam
Haruhiko Kuroda, Tokyo
Ann Le Lorier, Paris
Stephen S Poloz, Ottawa
Raghuram Rajan, Mumbai
Jan Smets, Brussels
Alexandre A Tombini, Brasília
Ignazio Visco, Rome
Jens Weidmann, Frankfurt am Main
Janet L Yellen, Washington
Zhou Xiaochuan, Beijing
Agustín Carstens, Mexico City
Luc Coene, Brussels
Jon Cunliffe, London
Andreas Dombret, Frankfurt am Main
Mario Draghi, Frankfurt am Main
William C Dudley, New York
Stefan Ingves, Stockholm
Thomas Jordan, Zurich
Klaas Knot, Amsterdam
Haruhiko Kuroda, Tokyo
Ann Le Lorier, Paris
Stephen S Poloz, Ottawa
Raghuram Rajan, Mumbai
Jan Smets, Brussels
Alexandre A Tombini, Brasília
Ignazio Visco, Rome
Jens Weidmann, Frankfurt am Main
Janet L Yellen, Washington
Zhou Xiaochuan, Beijing
Got Gold?
Imagination is either a healthy genius or an unhealthy madman with lots of madness to sell all imaginations! DIGITAL DUST destroys world earth, what a concept that only international so called 'bankers'' can dream in the APARTHEID-GENOCIDE imagination$!!
ReplyDeleteDIGITAL DUST destroys world earth!? What a concept!! Only the INTERNATIONALISTS' so called BANKERS', can dream APARTHEID-GENOCIDE in the collective Imagination$, and we know that healthy genius isn't other than the most vileEvil unhealthy madmen with lots of madness to sell all imaginations!
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