One Bank to Rule Them All: The Bank for International Settlements (#BIS)


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2 thoughts on “One Bank to Rule Them All: The Bank for International Settlements (#BIS)

  1. “One Bank to Rule Them All: The Bank for International Settlements (#BIS)”

    “…The Bank for International Settlements (BIS) is an organization that is shrouded in mystery, mainly due to the fact that the majority of people don’t even know of its existence…”

    Yes indeed.

    Just to share this…

    “…Headquartered in Basel, Switzerland, the Bank for International Settlements (BIS) is a bank for central banks.(To learn more about central banks, see the article What Are Central Banks?) 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. Read on as we explain this bank and its role in global banking.

    Financial Chameleon
    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 – following World War I. The BIS was also the trustee for Dawes and Young Loans, which were internationally issued loans used to finance these repatriations.

    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.

    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. ..”

    http://www.investopedia.com/articles/03/120903.asp

    October 16, 2015 – Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent? – http://right.is/conservative-opinion/2015/10/why-are-the-imf-the-un-the-bis-and-citibank-all-warning-that-an-economic-crisis-could-be-imminent-2765.html

    Sept 30 2010 – BISTRO – Bank of International Settlements Total Rip Off

    “Basel Accords III is another crude endeavour by BIS and Global Too Big To Fail Banks to cover up their scams and shore up the global derivative casino.

    Part 1 – The Mechanics of the Derivative Scam

    The fact that common folks in the US and other developed countries have not come out in arms to lynch the central bankers and their accomplices in Wall Street and other banking centres is an indication how effective the financial elites have been able to hoodwink and confuse the masses.

    $Trillions have been wiped out but hardly anyone of substance has demanded criminal prosecutions. Fraud, massive frauds have been committed by top bankers, lawyers, accountants, regulators and politicians of all hues but none had to pay for their crimes.

    But, the guy who robs the corner shop down the road for a couple of bucks is incarcerated for five years or more, buggered and abused in prison. There is no pity for such a scumbag, no matter what are the circumstances that drove him to commit the crime.

    The Bernankes, the Geithners, the Paulsons, the Larry Summers and their pals in Goldman Sachs, JP Morgan, Citigroup, Merrill Lynch, Bear Sterns, Lehman Brothers, Fannie Mae, Freddie Mac and their European counterparts are given blanket immunity and allowed to continue the rape and plunder of the global economy. I believe that unless progressive financial analysts and commentators simplify their analysis and commentaries so that more people will understand how the frauds have been committed, the status quo would remain and the plunder would continue.

    This article is an attempt on my part to explain the massive banking fraud in simple terms and I hope that I have succeeded in doing so…”

    Sept 29 2010 – BISTRO – Bank of International Settlements Total Rip Off – By Matthias Chang (30/9/10) – http://www.futurefastforward.com/component/content/article/4270

    http://futurefastforward.com/images/stories/featurearticles/BISTRO.pdf

    “…A founding member of the Bank for International Settlements (BIS) Asian Consultative Council, she was also the first co-chair of the Financial Stability Board Regional Consultative Group for Asia.

    She is currently the chair of the BIS Central Bank Governance Group. Dr. Zeti has also had an extensive role in the global development of Islamic finance. Dr. Zeti received her PhD in Economics from the University of Pennsylvania…”

    http://whartonbangkok15.com/speakers/tan-sri-dato-dr-zeti-akhtar-aziz-g74-gr78/

    Feb 6 2010 – Secret summit of top bankers – http://www.news.com.au/finance/secret-summit-of-top-bankers/story-e6frfm1i-1225827289543

    Feb 8 2010 – Zeti among central bankers at Sydney –
    meetinghttp://www.pidm.gov.my/dailynews/2010/feb/080210/E6.pdf

    You be the judge.

    Like

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