The Bank for International Settlements (BIS) is the central bankers’ bank, located in Basel, Switzerland. It was created by the Hague agreements of 1930 with offices in Hong Kong and Mexico City.
There are many scientific sounding rationales for the BIS, but its main function is to coordinate central banking policy. Coordinating policy closely removes the risk of arbitrage between currencies. The BIS also regulates capital adequacy among central banks and monitors reserve requirements. The BIS sets capital/asset ratio for central banks and helps central banks set reserve requirements for the commercial banks through which they distribute their fiat currencies. The BIS is also purportedly on the alert for the formation of asset bubbles, which are an inevitable function of fiat-money central banking.
A “well-designed financial safety net, supported by strong prudential regulation and supervision, effective laws that are enforced, and sound accounting and disclosure regimes,” are among the Bank’s stated goals.
The BIS has its share of critics. During World War II, it was charged that the BIS aided the Germans in stealing the assets of occupied countries. During the Bretton Woods Conference in July 1944, Norway requested “liquidation of the Bank for International Settlements at the earliest possible moment”. Supporting the bank’s liquidation were various European countries and America. But it’s closure was opposed by John Maynard Keynes, a creature representative of the City of London and its money elite. In actual fact, the dissolution of the BIS was approved but the British opposed it so fiercely that it never took place. By 1948, the decision was officially reversed and the BIS was to remain.
The elite’s banking scheme is a central part of how Rome and the Swiss have managed to dominate the world behind the scenes. Through central banking and the BIS, the elites have a stranglehold over economies worldwide. We can see that even though most of the world was aligned against a presumed to be corrupt BIS after World War II, it somehow managed to escape dissolution. This is because it is a prime asset of the City of London, that mysterious one-square mile patch of real estate at the heart of London where the Bank of England itself is located.
The City of London especially is ground zero for international finance. The BIS is its coordinating entity and is involved in this task with ALL central banks, including China’s. The idea therefore that China or Russia are increasingly implacable enemies of the West is belied by their central banks’ participation in BIS coordinated monetary policy.
If these two countries or others were truly opposed to the financial system, they would do away with their central banks. Instead, these countries and others are building on the current system to create an international currency, built out of International Monetary Fund SDRs to begin with. The BIS helps the IMF coordinate SDR policies as well and will surely be intimately involved in the creation of a true global currency.
The BIS is one more tool in the arsenal of elite monetary control of the world. It sits at the heart of a corrupt and ruinous central banking mechanism that the Romans and Swiss elite has successfully and secretly foisted on the world. It coordinates the policies of these ruinous entities to ensure that the system maintains control of what it has built. Doing away with the BIS would not end the system as it is today, but it would be a start.