The Tower of Basel – Do We Want the Bank For International Settlements Issuing Our International Currency?


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2. Banking
2. Banking

In an April 7 short article in The London Telegraph titled “”The G20 Moves the Globe a Step Closer to a International Currency,”” Ambrose Evans-Pritchard wrote: “”A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the international monetary order. “”‘We have agreed to help a basic SDR allocation which will inject $250bn (£170bn) into the planet economy and boost international liquidity,’ it mentioned.

SDRs are Specific Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century. “”In impact, the G20 leaders have activated the IMF’s energy to build funds and commence international ‘quantitative easing’. In carrying out so, they are placing a de facto planet currency into play. It is outdoors the handle of any sovereign physique. Conspiracy theorists will like it.”” Certainly they will.

The short article is subtitled, “”The planet is a step closer to a international currency, backed by a international central bank, operating monetary policy for all humanity.”” Which naturally raises the query, who or what will serve as this international central bank, cloaked with the energy to situation the international currency and police monetary policy for all humanity?

When the world’s central bankers met in Washington final September, they discussed what physique may be in a position to serve in that great and fearful function. A former governor of the Bank of England stated: “”[T]he answer may currently be staring us in the face, in the type of the Bank for International Settlements (BIS). . . . The IMF tends to couch its warnings about financial complications in extremely diplomatic language, but the BIS is extra independent and a lot far better placed to deal with this if it is provided the energy to do so.””1 And if the vision of a international currency outdoors government handle does not set off conspiracy theorists, placing the BIS in charge of it certainly will. The BIS has been scandal-ridden ever due to the fact it was branded with pro-Nazi leanings in the 1930s.

Founded in Basel, Switzerland, in 1930, the BIS has been named “”the most exclusive, secretive, and potent supranational club in the planet.”” 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.two 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.three In Tragedy and Hope: A History of the Globe in Our Time (1966), Dr. Carroll Quigley revealed the essential function played in international finance by the BIS behind the scenes. Dr. Quigley was Professor of History at Georgetown University, exactly where he was President Bill Clinton’s mentor. He was also an insider, groomed by the potent clique he named “”the international bankers.”” His credibility is heightened by the truth that he essentially espoused their ambitions. He wrote: “”I know of the operations of this network since 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. I have no aversion to it or to most of its aims and have, for a lot of my life, been close to it and to quite a few of its instruments. . . . [I]n basic my chief distinction of opinion is that it wishes to stay unknown, and I think its function in history is important adequate to be recognized.”” Quigley wrote of this international banking network: “”[T]he powers of monetary capitalism had one more far-reaching aim, nothing at all much less than to build a planet method of monetary handle in private hands capable to dominate the political method of every nation and the economy of the planet as a complete.

 


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