!!!Bank of International Settlements - ILLUMINATI BANKING!!!

Why talk of IMF/World Bank and the UN when we can talk of the Mother of all this cabal Banking - Bank of International Settlments?

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The Bank for International Settlements (BIS) is a cabal organization of central banks which claims to "foster international monetary and financial cooperation and serves as a bank for central banks." Problem is it is not accountable to any national government. The BIS carries out its work through subcommittees, the secretariats it hosts, and through its annual General Meeting of all members - mostly made up of big private mega-banks, such as the Rothschilds, Bank of London, JP Morgan-Chase, Goldman Sachs, Citi etc. It is based in Basel, Switzerland and established by the Hague agreements of 1930 mostly led by the British Monarchy before giving away ‘independence’ to its colonies but tying its colonies banking institutions first to BIS and then ‘fostering’ WW2 to ‘test’ how global credit-financing could work.

The main actors in its establishment were the then-Governor of The Bank of England, Montagu Norman, and his German counterpart Hjalmar Schacht, later Adolf Hitler's finance minister. During the period 1933–45, the board of directors of the BIS included Walter Funk, a prominent Nazi official, and Emil Puhl, who were both convicted at the Nuremberg trials after World War II, as well as Herman Schmitz the director of IG Farben and Baron von Schroeder, the owner of the J.H.Stein Bank, the bank that held the deposits of the Gestapo. There were allegations that the BIS had helped the Germans loot assets from occupied countries during World War II.

As a result of these allegations, at the Bretton Woods Conference in July 1944, Norway proposed the "liquidation of the Bank for International Settlements at the earliest possible moment". This resulted in the BIS being the subject of a disagreement between the American and Britain. The liquidation of the bank was supported by other European delegates, which sided with the United States (including Harry Dexter White, Secretary of the Treasury and Henry Morgenthau), but opposed by John Maynard Keynes, the head of the British delegation. The disagreement led to Chase Bank (this was before they got taken over by puppets JP Morgan) representative Dean Atchison interrupting Keynes at one of the conference sessions. Fearing that the BIS would be dissolved by President Franklin Delano Roosevelt, Keynes went to Morgenthau hoping to prevent the dissolution, or have it postponed, but the next day the dissolution of the BIS was approved. However, the liquidation of the bank was never undertaken. Hence BIS is an illegal entity in the United States. The British delegation (swearing allegiance to their queen) did not give up and the dissolution of the bank. Unfortunately the abolition still was not accomplished when Roosevelt died. In April 1945, the new puppet president Harry S. Truman and the British intelligence suspended the dissolution and the decision to liquidate the BIS was officially reversed in 1948.

Critical Role with Major Conflicts of Interests:

As an organization of central banks, while monetary policy is determined by each sovereign nation, it is subject to private banks scrutiny and potentially to speculation that affects foreign exchange rates and especially the fate of export economies. Failures to keep sovereign monetary policy in-line with what these private banks want; making monetary “reforms” in-time, and preferably as a simultaneous policy among all 58 members’ central banks also with pressurized involvement of the International Monetary Fund, have historically led to losses in the billions as banks try to maintain a policy of so-called ‘open-market’ methods (but realistically not open, open only to the private mega-banks) that have proven to be unrealistic. Recently, ‘Sir’ Andrew Crockett (knighted by her majesty, the British Royal Queen) has bemoaned BIS’s inability to "hardcode the credit culture," (i.e. that of getting everybody in debt) despite many specific attempts to address such as Offshore Financial centers (OFCs), Highly Leveraged Institutions (HLIs), Large and Complex Financial Institutions (LCFIs), Deposit Insurance (that never get paid back) and especially the spread of money laundering and accounting scandals. BIS set the historical standard in global banking which favored lending money to private landowners (at 5:1) and for private mega-corporations (at 2:1) over loans to taxpaying individuals. BIS, today have two specific goals of persuasion in monetary policy that is particularly sensitive to the world’s central banks: under the disguise of regulating capital adequacy and making reserve requirements transparent.

History
The BIS was originally owned by both governments and private individuals, since the United States and France had decided to sell some of their shares to private investors. BIS shares traded on stock markets, which made the bank a unique organization: an international organization (in the technical sense of public international law), yet with private shareholders. Many central banks had similarly started as such private institutions; for example, the Bank of England was privately owned until 1946. In more recent years[when?] the BIS has forcibly bought back all shares held by private investors, and is now wholly owned by its member central banks.
Since 2004, the BIS have published its accounts in terms of Special Drawing Rights, or SDRs, replacing the Gold Franc as the bank's unit of account. As of March 2007[update] (end of month) the bank had total assets of $409.15 billion, given a dollar/SDR exchange rate of 1.51 for March 30, 2007. Included in that total is 150 tons of fine gold.

Members :

BIS members member central banks or monetary authorities of these countries (add Libya to the list):
• Algeria
• Argentina
• Australia
• Austria
• Belgium
• Bosnia and Herzegovina
• Brazil
• Bulgaria
• Canada
• Chile
• China
• Croatia
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hong Kong Hungary
• Iceland
• India
• Indonesia
• Ireland
• Israel
• Italy
• Japan
• South Korea
• Latvia
• Lithuania
• Luxembourg
• Macedonia
• Malaysia
• Mexico
• Netherlands
• New Zealand
• Norway
• Peru
• Philippines Poland
• Portugal
• Romania
• Russia
• Saudi Arabia
• Serbia
• Singapore
• Slovakia
• Slovenia
• South Africa
• Spain
• Sweden
• Switzerland
• Thailand
• Turkey
• United Kingdom
• United States
• European Central Bank

General Managers:
1. Jaime Caruana Spain April 2009 – present
2. Malcolm D. Knight Canada April 2003 – September 2008
3. Sir Andrew Crockett United Kingdom January 1994 – March 2003
4. Alexandre Lamfalussy Belgium May 1985 – December 1993
5. Gunther Schleiminger Germany 1981 – May 1985
6. René Larre France 1971–1981
7. Gabriel Ferras France 1963–1971
8. Guillaume Guindey France 1958–1963
9. Roger Auboin France 1938–1958
10. Pierre Quesnay France 1930–1938

Board of directors
1. Christian Noyer, Paris (Chairman of the Board of Directors)
2. Hans Tietmeyer, Frankfurt am Main (Vice-Chairman)
3. Ben Bernanke, Washington, DC;
4. Mark Carney, Ottawa;
5. Mario Draghi, Rome;
6. William Dudley, New York;
7. Stefan Ingves, Stockholm;
8. Mervyn King, London;
9. Jean-Pierre Landau, Paris;
10. Guillermo Ortiz Martínez, Mexico City
11. Guy Quaden, Brussels;
12. Jean-Pierre Roth, Zürich;
13. Masaaki Shirakawa, Tokyo;
14. Jean-Claude Trichet, Frankfurt am Main;
15. Paul Tucker, London;
16. Alfons Vicomte Verplaetse, Brussels;
17. Axel A. Weber, Frankfurt am Main;
18. Nout Wellink, Amsterdam;
19. Zhou Xiaochuan, Beijing