Nathan Mayer Rothschild (1777-1836): “I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.”
At the G20 meeting on 2 Apr. 2009, Gordon Brown announced an emerging New World Order. The following is about who is in control of this New World Order by controlling the money supply of the world,
running it towards chaos.
Global Research 18 April 2009 (excerpt): In an April 7 article in The London Telegraph titled “The G20 Moves the World a Step Closer to a Global Currency,” Ambrose Evans-Pritchard wrote: “In effect, the G20 leaders have activated the IMF’s power to create money and begin global ‘quantitative easing’. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”
Indeed they will. The article is subtitled, “The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.” Which naturally raises the question, who or what will serve as this global central bank, cloaked with the power to issue the global currency and police monetary policy for all humanity? When the world’s central bankers met in Washington last September, they discussed what body might be in a position to serve in that awesome and fearful role. A former governor of the Bank of England stated:“The answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS). . . . The IMF tends to couch its warnings about economic problems in very diplomatic language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.”
The Bank for International Settlements (BIS) was established by Charles G. Dawes in 1930 – (Rothschild agent and Vice President under President Calvin Coolidge from 1925-1929), Owen D. Young , and Hjalmar Schacht of Germany (President of the Reichsbank).
On March 10, 2003, the BIS abandoned the Swiss gold franc as the bank’s unit of account since 1930, and replaced it with the Special Drawing Rights of the IMF. There is no doubt that the BIS is moving the world toward regional currencies and ultimately, a global currency. The global currency could well be an evolution of the SDR.
The BIS is central bank to all major central banks in the world. It is privately owned by central banks themselves, most of whom are also private. It was founded under questionable circumstances by questionable people. It is accountable to no one, especially government bodies. It operates in complete secrecy and is inviolable Movement of money is obscured and hidden when routed through the BIS. The BIS is targeting regional currency blocks and ultimately, a global currency. It has been hugely successful at building the New International Economic Order, along with its attendant initiatives on global governance. Proverbs 22:7 provides a useful compass: “The rich rule over the poor, and the borrower is servant to the lender”.
And if the vision of a global currency outside government control does not set off conspiracy theorists, putting the BIS in charge of it surely will. The BIS has been scandal-ridden ever since it was branded with pro-Nazi leanings in the 1930s. Founded in Basel, Switzerland, in 1930, the BIS has been called “the most exclusive, secretive, and powerful supranational club in the world.” Charles Higham wrote in his book Trading with the Enemy that by the late 1930s, the BIS had assumed an openly pro-Nazi bias, a theme that was expanded on in a BBC Timewatch film titled “Banking with Hitler” broadcast in 1998. In 1944, the American government backed a resolution at the Bretton-Woods Conference calling for the liquidation of the BIS, following Czech accusations that it was laundering gold stolen by the Nazis from occupied Europe; but the central bankers succeeded in quietly snuffing out the American resolution.3
In Tragedy and Hope: A History of the World in Our Time (1966), Dr. Carroll Quigley revealed the key role played in global finance by the BIS behind the scenes. Dr. Quigley was Professor of History at Georgetown University, where he was President Bill Clinton’s mentor. He was also an insider, groomed by the powerful clique he called “the international bankers.” His credibility is heightened by the fact that he actually espoused their goals. He wrote: “I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960’s, to examine its papers and secret records.”
Owen D. Young: Agent for Rothschild agent JP Morgan – founder of the BIS – founder of RCA and Chairman of General Electric from 1922 until 1939.
Quigley wrote of this international banking network:“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 in 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, said Quigley, 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.
Mayer Amschel Bauer Rothschild´s five sons were sent to the major capitals of Europe – London, Paris, Vienna, Berlin and Naples – with the mission of establishing a banking system that would be outside government control. The economic and political systems of nations would be controlled not by citizens but by bankers, for the benefit of bankers. Eventually, a privately-owned “central bank” was established in nearly every country; and this central banking system has now gained control over the economies of the world. Central banks have the authority to print money in their respective countries, and it is from these banks that governments must borrow money to pay their debts and fund their operations. The result is a global economy in which not only industry but government itself runs on “credit” (or debt) created by a banking monopoly headed by a network of private central banks; and at the top of this network is the BIS, the “central bank of central banks” in Basel.
For many years the BIS kept a low profile, operating behind the scenes in an abandoned hotel. It was here that decisions were reached to devalue or defend currencies, fix the price of gold, regulate offshore banking, and raise or lower short-term interest rates. In 1977, however, the BIS gave up its anonymity in exchange for more efficient headquarters “The Tower of Basel”.
Today the BIS has governmental immunity, pays no taxes, and has its own private police force. It is, as Mayer Rothschild envisioned, above the law.
The BIS is now composed of 55 member nations, but the club that meets regularly in Basel is a much smaller group; and even within it, there is a hierarchy. In a 1983 article in Harper’s Magazine called “Ruling the World of Money,” Edward Jay Epstein wrote that where the real business gets done is in “a sort of inner club made up of the half dozen or so powerful central bankers who find themselves more or less in the same monetary boat” – those from Germany, the United States, Switzerland, Italy, Japan and England. Epstein said:
“The prime value, which also seems to demarcate the inner club from the rest of the BIS members, is the firm belief that central banks should act independently of their home governments. . . . A second and closely related belief of the inner club is that politicians should not be trusted to decide the fate of the international monetary system.”
In 1974, the Basel Committee on Banking Supervision was created by the central bank Governors of the Group of Ten nations (now expanded to twenty). The BIS provides the twelve-member Secretariat for the Committee. The Committee, in turn, sets the rules for banking globally. In a 2003 article titled “The Bank for International Settlements Calls for Global Currency,” Joan Veon wrote:
“The BIS is where all of the world’s central banks meet to analyze the global economy and determine what course of action they will take next to put more money in their pockets, since they control the amount of money in circulation and how much interest they are going to charge governments and banks for borrowing from them. . . .
“When you understand that the BIS pulls the strings of the world’s monetary system, you then understand that they have the ability to create a financial boom or bust in a country. If that country is not doing what the money lenders want, then all they have to do is sell its currency.”
Hjalmar Schacht – founder of the BIS
The power of the BIS to make or break economies was demonstrated in 1988, when it issued a Basel Accord raising bank capital requirements from 6% to 8%. By then, Japan had emerged as the world’s largest creditor; but Japan’s banks were less well capitalized than other major international banks. Raising the capital requirement forced them to cut back on lending, creating a recession in Japan like that suffered in the U.S. today. Among other collateral damage produced by the Basel Accords was a spate of suicides among Indian farmers unable to getloans.
“BIS regulations serve only the single purpose of strengthening the international private banking system, even at the peril of national economies. The IMF and the international banks regulated by the BIS are a team: the international banks lend recklessly to borrowers in emerging economies to create a foreign currency debt crisis, the IMF arrives as a carrier of monetary virus in the name of sound monetary policy, then the international banks come as vulture investors in the name of financial rescue to acquire national banks deemed capital inadequateand insolvent by the BIS.”
When governments fall into the trap of accepting loans in foreign currencies, however, they become “debtor nations” subject to IMF and BIS regulation.
Large international banks managed to escape the rules, although they actually carried enormous risk because of their derivative exposure. The mega-banks succeeded in avoiding the Basel rules by separating the “risk” of default out from the loans and selling it off to investors, using a form of derivative known as “credit default swaps.”
However, it was not in the game plan that U.S. banks should escape the BIS net. When they managed to sidestep the first Basel Accord, a second set of rules was imposed known as Basel II. The new rules were established in 2004, but they were not levied on U.S. banks until November 2007, the month after the Dow passed 14,000 to reach its all-time high. It has been all downhill from there. Basel II had the same effect on U.S. banks that Basel I had on Japanese banks: they have been struggling ever since to survive.8
Basel II requires that banks on a daily basis assess their assets according to a market price of their securities, a rule called “mark to market.” If a bank does not have 8% net capital it is technically insolvent. It was imposed ex post facto, after the banks already had the hard-to-market assets on their books. Lenders that had been considered sufficiently well capitalized to make new loans suddenly found they were insolvent. At least, they would have been insolvent if they had tried to sell their assets, an assumption required by the new rule. (Thus, Bear Stearns became technically insolvent – to be bought by JP Morgan for a song – even with plenty of money from the Fed. No wonder that JP Morgan has just booked a big profit!!) Financial analyst John Berlau complained: Imposing the mark-to-market rule on U.S. banks caused an instant credit freeze, which proceeded to take down the economies not only of the U.S. but of countries worldwide.
And that is where the conspiracy theorists come in. Why did the BIS not retract or at least modify Basel II after seeing the devastation it had caused? Why did it sit idly by as the global economy came crashing down? Was the goal to create so much economic havoc that the world would rush with relief into the waiting arms of the BIS with its privately-created global currency? The plot thickens.”
The Rockefeller-dominated Washington Post April 20, 2009: The image of a radically transformed IMF is now coming together through internal IMF documents, interviews and think-tank reports.Serving almost as ambassadors to the IMF, central bankers and finance ministers would debate ways to put out the world’s economic fires and stifle reckless policies before they ignite new ones – a financial Security Council.
Bowing to a new economic world order, the IMF have vastly expanded authority to act as a global banker to governments rich and poor. And with more flexibility to effectively print its own money, it would have the ability to inject liquidity into global markets in a way once limited to major central banks, including the U.S. Federal Reserve. The IMF is all but certain to take a central role in managing the world economy. You’re talking about global economic management in a way we have never seen.” Its bailouts, however, were the bane of many poor countries;
The BIS and the IMF are a team! They have common banking statistics. and common external website (JEDH) and here (the OECD and the World Bank are also in it)
Reichsbankchef Hjalmar Schacht cooperatimg with Rothschild agents Dawes and Young! As Mussolini (perhaps) said: When Corporations and state manage us it is fascism!
The G20 proposed the SDRs of Rothschild daughter IMF as a precursor of a world currency – the BIS having already for years been using the SDRs as its currency. So, it seems that Rothschild now has the western economies entirely in his pocket. But there is a joker in Rothschild´s game: China, which is the unhappy owner of 1.9 trillion dollar reserves, is no buying copper (for hybrid cars of the future) in large quantities with that money – instead og SDRs and gold! The first probably does not please Rothschild.
The Wall Street and the Federal Reserve have created the current crisis, as the Wall Street Crash did in 1929 – has Fed Boss Ben Bernanke previously admitted. 3 members of the Board of the European Central Bank are also on the Bis Board.
We are on our way to the fascist world government – and the operative centre behind it is the BIS. Behind is the insatiable Talmudic, pharisaic Rothschild dynasty: The 3 goals of the Talmudic/Pharisean Jewish elite, the enemies of all mankind – of ordinary Jews in particular – as seen by an apostate Jew: I. The Melt-Down Of National Borders II. The Melt Down Of Financial Institutions III. The Melt-Down of Christian Culture.