Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does
February 5th, 2013 by Michael
An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks. It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws. Even Wikipedia admits that “it is not accountable to any single national government.“
The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system. Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does. Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”.
During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on. The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system. It is imperative that we get people educated about what this organization is and where it plans to take the global economy.
Sadly, only a very small percentage of people actually know what the Bank for International Settlements is, and even fewer people are aware of the Global Economy Meetings that take place in Basel on a bi-monthly basis.
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So the fate of the world economy is determined by unelected central bankers in secret meetings that nobody ever hears about?
That certainly does not sound very “democratic”.
But this is the direction that “global governance” is taking us. The elite believe that the “big decisions” are far too important to be left “to the people”, and so most of the “international institutions” that have been established by the elite operate independently of the democratic process.
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For many years the BIS kept a very low profile, operating behind the scenes in an abandoned hotel. It was here that decisions were reached to devalue or defend currencies, fix the price of gold, regulate offshore banking, and raise or lower short-term interest rates. In 1977, however, the BIS gave up its anonymity in exchange for more efficient headquarters. The new building has been described as “an eighteen story-high circular skyscraper that rises above the medieval city like some misplaced nuclear reactor.” It quickly became known as the “Tower of Basel.” Today the BIS has governmental immunity, pays no taxes, and has its own private police force. It is, as Mayer Rothschild envisioned, above the law.
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Yes, it most definitely does bear a striking resemblance to the Tower of Babel as you can see from the photo in this article. Once again the global elite are trying to unite humanity under a single system, and that is most definitely not a good thing.
But many of these elitists are entirely convinced that “global governance” is what humanity desperately needs. They even publicly tell us what they plan to do, but most people are not listening.
For example, the following is an excerpt from a speech that former president of the European Central Bank Jean-Claude Trichet delivered to the Council On Foreign Relations in New York:
"In the area of central bank cooperation, the main forum is the Global Economy Meeting (GEM), which gathers at the BIS headquarters in Basel. Over the past few years, this forum has included 31 governors as permanent members plus a number of other governors attending on a rotating basis. The GEM, in which all systemic emerging economies’ Central Bank governors are fully participating, has become the prime group for global governance among central banks."
The speech was entitled “Global Governance Today”,
and you can find the full transcript right here:
http://www.bis.org/review/r100428b.pdf
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Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does | InvestmentWatch
http://investmentwatchblog.com/who-controls-the-money-an-unelected-unaccountable-central-bank-of-the-world-secretly-does/
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Inside the Risky Bets of Central Banks
By JON HILSENRATH and BRIAN BLACKSTONE / Wall street journal
BASEL, Switzerland—Every two months, more than a dozen bankers meet here on Sunday evenings to talk and dine on the 18th floor of a cylindrical building looking out on the Rhine.
The world's major central banks are embarking on an aggressive new phase of policy activism, a course fraught with economic and political risks. WSJ's Jon Hilsenrath reports on the News Hub. Photo: AP Images.
The dinner discussions on money and economics are more than academic. At the table are the chiefs of the world's biggest central banks, representing countries that annually produce more than $51 trillion of gross domestic product, three-quarters of the world's economic output.
Of late, these secret talks have focused on global economic troubles and the aggressive measures by central banks to manage their national economies. Since 2007, central banks have flooded the world financial system with more than $11 trillion. Faced with weak recoveries and Europe's churning economic problems, the effort has accelerated. The biggest central banks plan to pump billions more into government bonds, mortgages and business loans.
Their monetary strategy isn't found in standard textbooks. The central bankers are, in effect, conducting a high-stakes experiment, drawing in part on academic work by some of the men who studied and taught at the Massachusetts Institute of Technology in the 1970s and 1980s.
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Inside the Risky Bets of Central Banks - WSJ.com
http://online.wsj.com/article/SB10001424127887323717004578157152464486598.html