The Bank for International Settlements

For Brannon S. Howse

© Brannon S. Howse, 2013

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Bank For International Settlements

Picture by David Croll, taken March 17 2005 . This picture was taken from the German Wikipedia

Adolf Hitler and Hjalmar Schacht

Tragedy and Hope by Carroll Quigley

Carroll Quigley:

The power of financial capitalism had another 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 Basle,

Switzerland, a private bank owned and controlled by the world’s central banks,

which were themselves private corporations.

Each central bank, in the hands of men like Montagu Norman of the Bank of

England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist

of the Bank of France, and Hjalmar Schacht of the Reichsbank, 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.

According to James C. Baker, pro-BIS author of The Bank for International

Settlements: Evolution and Evaluation:

The BIS was formed with funding by the central banks of six nations, Belgium, France, Germany, Italy, Japan, and the

United Kingdom. In addition, three private international

Banks from the United States also assisted in financing the establishment of

the BIS.

Carl Teichrib:

One can surmise that a financial circle exists where the World Bank helps

nations get into debt, then when these countries can’t pay their massive loans,

the IMF bails them out with taxpayer money—and in the middle stands the BIS, collecting fees as the money travels back

and forth like the ocean tide, while assuring everyone that all is well.

In 2003 The BIS switched from the Swiss gold franc as the bank’s unit of account and replaced it with the SDR (Special

Drawing Rights)

The “basket” of currencies that make up the SDR currently include the euro,

Japanese yen, pound sterling and the U.S. dollar

The Brandt Equation, 21st Century Blueprint for the New Global

Economy reports:

Since the SDR is the world’s only means of meeting international payments that

has been authorized through international contract, ‘The SDR therefore represents a

clear first step towards a stable and permanent international currency.’

BIS Papers No. 17, Regional Currency Areas and the Use of Foreign

Currencies reports:

Given the high proportion of Canada and Mexico’s trade with the United States, a

NAFTA dollar or ‘Amero’ has been proposed by some Canadian academics

such as Grubel.

C. Fred Bergsten is a prominent and core Trilateral Commission member

and head of the Institute for International Economics. On January

3, 1999, Bergsten wrote in the Washington Post:

The adoption of a common currency is by far the boldest chapter of European

integration.

Money traditionally has been an integral element of national sovereignty…and the decision by Germany and France to give up their mark and franc…represents the

most dramatic voluntary surrender of sovereignty in recorded history. The

European Central Bank that will manage the euro is truly a supranational

institution.

Jean-Claude Trichet, President of the European Central Bank, April 26,

2010:

More generally, the crisis has weakened the arguments of those who think that

deregulation is always conducive to better functioning markets. We have

learned once again that markets cannot function properly without an

Effective regulatory and supervisory infrastructure. Governments, central banks, international institutions and

globally agreed prudential standards and codes are the means by which we

collectively speak to avail ourselves of the global public good of global economic

stability.”

Jean-Claude Trichet, President of the European Central Bank, April 26,

2010:

3. The evolution of global governance:

Let me turn to the question of how global governance is evolving after the crisis.

Overall, the system is moving decisively towards genuine global governance that is much more inclusive, encompassing the key emerging economies as well as industrialized countries. The significant

transformation of global governance that we are engineering today is illustrated by

three examples.

First, the emergence of the G20 a the prime group for global economic

governance at the level of ministers, governors and heads of state or

government.

Secondly, the establishment of the Global Economy Meeting of central bank

governors under the auspices of the BIS as the prime group for the governance of

central bank cooperation.

…the Global Economy Meeting (GEM), which gathers at the BIS headquarter in

Basel. Over the past few years, this forum has included 31 governors as permanent

members plus a number of other governors attending on a rotating basis.

The GEM, in which all systemic emerging economies’ Central Bank governors are

fully participating, has become the prime group for global governance among

central banks.

Jean-Claude Trichet, President of the European Central Bank, April 26,

2010:

And Thirdly, the extension of Financial Stability Board membership to include all

the systemic emerging market economies.

Dick Morris & Eileen McGann April 7, 2009 European Socialism to

Run Our Financial System:

…the Financial Stability Board (FSB), a body of central bankers from each of the

G-20 states and the European Union.

Dick Morris & Eileen McGann April 7, 2009 European Socialism to

Run Our Financial System:

The Europeans have been trying to get their hands on our financial system for

decades. It is essential to them that they rein in American free enterprise so that

their socialist heaven will not be polluted by vices such as the profit motive.

Dick Morris & Eileen McGann November 19, 2008, Bush Hands

Over Reins of U.S. Economy to EU:

The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the

European economy.

Dick Morris & Eileen McGann November 19, 2008, Bush Hands

Over Reins of U.S. Economy to EU:

The International Monetary Fund (IMF), a European-dominated operation, would conduct “regular vigorous reviews” of

American financial institutions and practices.

Dick Morris & Eileen McGann November 19, 2008, Bush Hands

Over Reins of U.S. Economy to EU:

George W. Bush has done all the heavy lifting for him [Obama]. It was under Bush that the government basically took over

the chief stockholder of our financial institutions and under Bush we ceded our financial controls to the European Union.

Jean-Claude Trichet, President of the European Central Bank, April 26,

2010:

…global governance is of the essence to improve decisively the resilience of the global financial system. We avoided a

major depression but it was a close call.

December 15th, 1922The Council on Foreign Relations journal, Foreign Affairs article by

Philip Kerr (The Group), in which he states:

Obviously there is going to be no peace or prosperity for mankind as long as (the

earth) remains divided into fifty or sixty independent states…until some kind of

international

System is created which will put an end to the diplomatic struggles incident to the attempt of every nation to make itself

secure…The real problem today is that of [how to get] the world government.

1930, The New York Times article quoting Rep. Louis McFadden

(chairman of the House Committee on Banking and Currency):

The Federal Reserve Bank of New York is eager to enter into a close relationship

with the Bank for International Settlements…The conclusion is

impossible to escape that

the State and Treasury Departments are willing to pool the banking systems of

Europe and America, setting up a world financial power independent of and above

the Government of the United States…

The United States under present conditions will be transformed from the

most active of manufacturing nations into a consuming and importing nation with a

balance of trade against it.

1939, October 29, Future Secretary of State John Foster Dulles delivers a

speech quoted in the New York Times:

(there must be) some dilution of sovereignty, to the immediate

disadvantage of those nations which now possess the preponderance of power…the

establishment of a common money,

Might be vested in a body created by and responsible to the principle of trading and investing peoples. This would deprive our government of exclusive control over a

national money.

1966, The book Tragedy and Hope by Carroll Quigley is published in which

he writes:

There does exist, and has existed for a generation, an international…network which operates, to some extent, in the

way the radical Right believes the Communists act. In fact, this network, which we may identify as the Round

Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. 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 1960s, to examine its papers and

secret records. I have no aversion to it or to most of its aims and have, for much

of my life, been close to it and to many of its instruments. I have objected, both in

the past and recently, to a few of its policies,…but in general my chief

difference of opinion is that it wishes to remain unknown, and I believe its role in

history is significant enough to be known.

In 1979 former U.S. Senator and Presidential Candidate Barry

Goldwater’s book With No Apologies is published in which he writes:

What the Trilateralists truly intend is the creation of a worldwide economic power superior to the political governments of the nation-states involved. They believe

The abundant materialism they propose to create will overwhelm existing

differences. As managers and creators of the system they will rule the future.

August 28th 1994, on ABC’s “This Week with David Brinkley”,

commentator Cokie Roberts says:

“Global bankers are really running the world.”

On May 4, 1996, The Seattle Times publishes an article by syndicated columnist Alexander Cockburn in

which he declares:

…there is, in emerging outline, a world government composed of the

International Monetary Fund and the central banks of leading industrial

nations. National sovereignty is being eroded…

1996, The Confidence Game: How Unelected Central Bankers Are Governing

the Changed Global Economy is published. The book was written by

Steven Solomon, a former staff reporter for Forbes magazine.

Ten Unions Now Being Discussed or Already in Existence

Source: http://ec.europa.eu/world/where/index_en.htm

North America

Central America and Caribbean South America

Western Europe Eastern Europe and Central Asia Mediterranean and Middle-East

AfricaNorth-East and South Asia

South-East Asia Australia and Pacific

The Euobserver.com 05/06/08

Australian Prime Minister Kevin Rudd has suggested that Asia and Pacific countries, including the region's heavyweights such as China, India and Japan, form a regional

bloc similar to the European Union.

The Euobserver.com reports that:

The proposal is the latest in a long line of regional groupings modeled on the

European Union. The African Union, a confederation of 53 African states was established in 2002, growing out of the

earlier Organization of African Unity.

On its face, while difficult to imagine, it makes intuitive sense. The ability to combine Canadian natural resources,

American ingenuity and cheap Mexican labor would allow North America to compete better on a global stage.

Source: Market Watch 1/28/09

"Iraq is going to play a major stabilizing factor.”

Source: Euobserver 10/12/08

Gideon Rachman wrote a piece for the Financial Times on Dec. 8th,

2008: “And now for a world government.”

I think the formation of some sort of world government is plausible.” A “world

government” would involve much more than co-operation between nations. It would be an entity with state-like characteristics, backed

by a body of laws.

The European Union has already set up continental government for 27 countries,

which would be a model. The EU has a supreme court, a currency, thousands of pages of law, a large civil service and the

ability to deploy military force.

So could the European model go global? There are three reasons for thinking that

it might.

Revelation 17:12-13:

The ten horns which you saw are ten kings who have received no kingdom as

yet, but they will receive authority for one hour as kings with the beast. These are of one mind, and they will give their power

and authority to the beast.

Revelation 17:16:

And the ten horns which you saw on the beast, these will hate the harlot, make

her desolate and naked, eat her flesh and burn her with fire.