Thursday, April 23, 2015

Some links on BIS-1

Ruling the world of money by Edward Jay Epstein of diamond trade exposes in 1983:  “most exclusive, secretive, and powerful supranational club in the world.”

Developments up to 2015 from Chris Powell:
"In the part of his book excerpted tonight by Zero Hedge, LeBor notes that the enormous power, secrecy, and unaccountability of the BIS are inconsistent with the democracy purportedly maintained by some of the bank’s major members.
But reviewing LeBor’s book two years ago for The New York Times —
Michael Hirsh was probably right that the BIS “has been more of a witness to history than a maker of it, more Forrest Gump than Superman.” For, as Hirsch observed, “International finance is now largely dictated by global banking corporations, the Federal Reserve, the European Central Bank, and the other major central banks that make up the membership of the BIS. More often than not, they base their policy on national or regional interest.”"
Another from 2013, a bit more strident and comrehensive The Bank for International Settlements Who Rule the World by Frank De Varona:
"According to Adam Lebor, Gianni Toniolo with Piet Clement, and James C. Baker, authors of books regarding the history of the Bank for International Settlements, this supranational banking institution was created with unprecedented powers and privileges. The central bankers who created the BIS held politicians with contempt, the exception being if the politician was one of their own. The BIS founders wanted to build  a transnational financial system that could move large amounts of capital free from political or governmental control. The central bankers demanded and received   incredible immunity from their own governments, free from any type of regulation, scrutiny, or accountability for the BIS directors and members as well as their employees.....
Dr. Quigley described the international banking network in the following manner: “The powers of financial capitalism had another far-reaching aim, 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 banks of the world acting in concert, by secret agreements arrived at frequent private 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. The key to their success, was that the international bankers would control and manipulate the money system of a nation while letting it appear to be controlled by the government.”"

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