1930

The Bank for International Settlements (BIS) was established by Charles G. Dawes (Rothschild agent and Vice President under President Calvin Coolidge from 1925-1929), Owen D. Young (Rothschild agent, founder of RCA and Chairman of General Electric from 1922 until 1939), and Hjalmar Schacht of Germany (President of the Reichsbank).The BIS is referred to the bankers as the, "Central bank for the central banks." Whereas the IMF and the World Bank deal with governments, the BIS deals only with other central banks. All its meetings are held in secret and involve the top central bankers from around the world. For example the former head of the Federal Reserve, Alan Greenspan, would go to the BIS headquarters in Basel, Switzerland, ten times a year for these private meetings.

The BIS also has the status of a sovereign power and is immune from governmental control. A summary of this immunity is listed below: 1. Diplomatic immunity for persons and what they carry with them (i.e., diplomatic pouches).

2. No taxation on any transactions, including salaries paid to employees.

3. Embassy-type immunity for all buildings and/or offices operated by the BIS worldwide including China and Mexico.

4. No oversight or knowledge of operations by any government authority, they are not audited.

5. Freedom from immigration restrictions.

6. Freedom to encrypt any and all communications of any sort.

7. Freedom from any legal jurisdiction, they even have their own police force.

  • BIS' current board of directors, only five of which are elected and the rest of which are permanent, are:Nout H E M Wellink, Amsterdam (Chairman of the Board of Directors)

  • Hans Tietmeyer, Frankfurt am Main (Vice-Chairman)

  • Axel Weber, Frankfurt am Main

  • Vincenzo Desario, Rome

  • Antonio Fazio, Rome

  • David Dodge, Ottawa

  • Toshihiko Fukui, Tokyo

  • Timothy F Geithner, New York

  • Alan Greenspan, Washington

  • Lord George, London

  • Hervé Hannoun, Paris

  • Christian Noyer, Paris

  • Lars Heikensten, Stockholm

  • Mervyn King, London

  • Guy Quaden, Brussels

  • Jean-Pierre Roth, Zürich

  • Alfons Vicomte Verplaetse, Brussels

Georgetown Professor and historian, Carroll Quigley, commented on the creation of this central bank in his 1975 book, Tragedy And Hope, as follows,"The powers 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 feudalist 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 cooperative politicians by subsequent economic rewards in the business world."

* Home of first World Zionist Congress, chaired by Theodor Herzl in 1897.

A handful of United States Senators led by Henry Cabot Lodge, fought to keep the United States out of the Bank for International Settlements. However, even thought the United States rejected this World Central Bank, the Federal Reserve still sent members to participate in its meetings in Switzerland, right up until 1994 when the United States was, "officially," dragged into it.