Image Source: John Birch Society
What Is the Bank for International Settlements?
Steven Yates - John Birch Society
June 30th, 2009
BIS SwitzerIn Basel, Switzerland—within one block of the town’s train station, in fact, stands a modern 18-story building, one of several such buildings in Basel’s downtown area. The building houses one of the most significant institutions in the modern world of elite-dominated high finance: the Bank for International Settlements.
Joan Veon, who turned from successful businesswoman to globetrotting international reporter and author of two important books, The United Nations: Global Straitjacket and Prince Charles: The Sustainable Prince, has been charting the influence of the Bank for International Settlements for a number of years now, often relying on first-hand interviews with the power brokers themselves.
The Bank for International Settlements was set up in 1930 by Charles Dawes (Calvin Coolidge’s Vice President), Owen D. Young (who presided over the Allied Reparation Committee), and Hjalmar Schacht (President of Germany’s Reichsbank). Of all the banking institutions in the world, it has been described as the most exclusive and the most secretive. It is amazing that so-called conspiracy theorists have not paid it more attention.
In Tragedy & Hope, Carroll Quigley wrote openly about the Bank for International Settlements. Quigley stated: “The 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.”