Posts Tagged ‘private bank’

BIS Headquarters in Basel

The Bank for International Settlements, the central bank for the central bankers, was established in 1930, and its purpose was described by Georgetown professor Carroll Quigley in his 1966 book, Tragedy and Hope:

[T]he 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.

BIS rules, according to Ellen Brown, prohibit governments from borrowing from their own central bank or issuing their own money.

Among its current 60 members there are five Muslim-majority countries: Algeria, Malaysia, Saudi Arabia, Turkey, and United Arab Emirates.

The most significant of the five, to me, are Saudi Arabia and the UAE. Despite pretenses of both being presented as challenges to the current world power structure, with Saudi Arabia controlling so much oil reserves and having a very different society than the liberal Western societies of today, and the UAE being a regional financial and business powerhouse, both are members of this private central banking cartel whose purpose, as mentioned earlier, is to “[dominate] the economy of the world as a whole.”

Note that among all the Muslim-majority countries that have had massive uprisings (Tunisia, Egypt, Yemen, Bahrain and Syria) or U.S. bombings (Afghanistan, Iraq, Pakistan and Libya), none of them were members of the BIS.

The U.S. and NATO turned a blind eye to BIS member Saudi Arabia suppressing an uprising in neighbouring Shiite-majority Bahrain.

Despite pretenses of Saudi Arabia and the UAE promoting Shariah-compliant banking as a strong challenge to the current world banking system, their membership in the BIS should indicate otherwise.

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When someone sent me a link, claiming it was the website of the Federal Reserve, my reaction was one of laughter. It had a .gov domain. But .gov domains are for federal government institutions, and the Federal Reserve is a private bank that, in terms of ownership, is no more federal than Federal Express!

To add to the smokescreen, the United States Postal Service, clearly a federal government institution, has a .com domain.

This, despite the U.S. Constitution explicitly delegating the sole powers to “establish Post Offices” and “To coin Money” to Congress, a branch of the federal government. In a constitutional and sensible world, it would be the Federal Reserve with a .com domain and the USPS with a .gov domain.

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