2005 10 27
By Patrick Wood | newswithviews.com
When David Rockefeller and Zbigniew Brzezinski founded the Trilateral Commission in 1973, the intent was to create a "New International Economic Order" (NIEO). To this end, they brought together 300 elite corporate, political and academic leaders from North America, Japan and Europe.
Few people believed us when we wrote about their nefarious plans back then. Now, we look back and clearly see that they did what they said they were going to do... globalism is upon us like an 8.6 magnitude earthquake.
The question is, "How did they do it?" Keep in mind, they had no public mandate from any country in the world. They didn't have the raw political muscle, especially in democratic countries where voting is allowed. They didn't have global dictatorial powers.
Indeed, how did they do it?
The answer is the Bank for International Settlements (BIS), self-described as the "central bank for central bankers", that controls the vast global banking system with the precision of a Swiss watch.
This report offers a concise summation of BIS history, structure and current activities.
The famous currency expert Dr. Franz Pick once stated, "The destiny of the currency is, and always will be, the destiny of a nation."
With the advent of rampant globalization, this concept can certainly be given a global context as well: "The destiny of currencies are, and always will be, the destiny of the world."
Even though the BIS is the oldest international banking operation in the world, it is a low profile organization, shunning all publicity and notoriety. As a result, there is very little critical analysis written about this important financial organization. Further, much of what has been written about it is tainted by its own self-effacing literature.
The BIS can be compared to a stealth bomber. It flies high and fast, is undetected, has a small crew and carries a huge payload. By contrast, however, the bomber answers to a chain of command and must be refueled by outside sources. The BIS, as we shall see, is not accountable to any public authority and operates with complete autonomy and self-sufficiency.
Leading up to Founding
As we will see, the BIS was founded in 1930 during a very troubled time in history. Some knowledge of that history is critical to understanding why the BIS was created, and for whose benefit.
There are three figures that play prominently in the founding of the BIS: Charles G. Dawes, Owen D. Young and Hjalmar Schacht of Germany.
Charles G. Dawes was director of the U.S. Bureau of the Budget in 1921, and served on the Allied Reparations Commission starting in 1923. His latter work on "stabilizing Germany's economy" earned him the Nobel Peace Prize in 1925. After being elected Vice President under President Calvin Coolidge from 1925-1929, and appointed Ambassador to England in 1931, he resumed his personal banking career in 1932 as chairman of the board of the City National Bank and Trust in Chicago, where he remained until his death in 1951.
Owen D Young was an American industrialist. He founded RCA (Radio Corporation of America) in1919 and was its chairman until 1933. He also served as the chairman of General Electric from 1922 until 1939. In 1932, Young sought the democratic presidential nomination, but lost to Franklin Delano Roosevelt.
More on Hjalmar Schacht later.
In the aftermath of World War I and the impending collapse of the German economy and political structure, a plan was needed to rescue and restore Germany, which would also insulate other economies in Europe from being affected adversely.
The Versailles Treaty of 1919 (which officially ended WWI) had imposed a very heavy reparations burden on Germany, which required a repayment schedule of 132 billion gold marks per year. Most historians agree that the economic upheaval caused in Germany by the Versailles Treaty eventually led to Adolph Hitler's rise to power.
In 1924 the Allies appointed a committee of international bankers, led by Charles G. Dawes (and accompanied by J.P. Morgan agent, Owen Young), to develop a plan to get reparations payments back on track. Historian Carroll Quigley noted that the Dawes Plan was "largely a J.P. Morgan production" The plan called for $800 million in foreign loans to be arranged for Germany in order to rebuild its economy.
In 1924, Dawes was chairman of the Allied Committee of Experts, hence, the "Dawes Plan." He was replaced as chairman by Owen Young in 1929, with direct support by J.P. Morgan. The "Young Plan" of 1928 put more teeth into the Dawes Plan, which many viewed as a strategy to subvert virtually all German assets to back a huge mortgage held by the United States bankers.
Neither Dawes nor Young represented anything more than banking interests. After all, WWI was fought by governments using borrowed money made possible by the international banking community. The banks had a vested interest in having those loans repaid!
In 1924, the president of Reichsbank (Germany's central bank at that time) was Hjalmar Schacht. He had already had a prominent role in creating the Dawes Plan, along with German industrialist Fritz Thyssen and other prominent German bankers and industrialists.
The Young Plan was so odious to the Germans that many credit it as a precondition to Hitler's rise to power. Fritz Thyssen, a leading Nazi Industrialist, stated
"I turned to the National socialist party only after I became convinced that the fight against the Young Plan was unavoidable if complete collapse of Germany was to be prevented." 
Some historians too quickly credit Owen Young as the idea-man for the Bank for International Settlements. It was actually Hjalmar Schacht who first proposed the idea, which was then carried forward by the same group of international bankers who brought us the Dawes and Young Plans.
It is not necessary to jump to conclusions as to the intent of these elite bankers, so we will instead defer to the insight of renowned Georgetown historian, Carroll Quigley:
"The Power of financial capitalism had another far reaching plan, 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 feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves private corporations. Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world." [Bold emphasis added]
So here we have a brief sketch of what led up to the founding of the BIS. Now we can examine the nuts and bolts of how the BIS was actually put together.
The Hague Agreement of 1930
The formation of the BIS was agreed upon by its constituent central banks in the so-called Hague Agreement on January 20, 1930, and was in operation shortly thereafter. According to the Agreement,
The duly authorised representatives of the Governments of Germany, of Belgium, of France, of the United Kingdom of Great Britain and Northern Ireland, of Italy and of Japan of the one part; And the duly authorised representatives of the Government of the Swiss Confederation of the other part Assembled at the Hague Conference in the month of January, 1930, have agreed on the following:
Article 1. Switzerland undertakes to grant to the Bank for International Settlements, without delay, the following Constituent Charter having force of law: not to abrogate this Charter, not to amend or add to it, and not to sanction amendments to the Statutes of the Bank referred to in Paragraph 4 of the Charter otherwise than in agreement with the other signatory Governments.
As we will see, German reparation payments (or lack thereof) had little to do with the founding of the BIS, although this is the weak explanation given since its founding. Of course, Germany would make a single payment to the BIS, which in turn would deposit the funds into the respective central bank accounts of the nations to whom payments were due. (It would be the subject of another paper to show the shallowness of this operation: Money and gold were shuffled around, but the net amount that Germany actually paid was very small.)
The original founding documents of the BIS have little to say about Germany, however, and we can look directly to the BIS itself to see its original purpose:
“The objects of the Bank are: to promote the co-operation of central banks and to provide additional facilities for international operations; and to act as trustees or agent in regard to international financial settlements entrusted to it under agreements with the parties concerned.” 
Virtually every in-print reference to the BIS, including their own documents, consistently refer to it as "the central banker's central bank."
So, the BIS was established by an international charter and was headquartered in Basle, Switzerland.
According to James C. Baker, pro-BIS author of The Bank for International Settlements: Evolution and Evaluation, "The BIS was formed with funding by the central banks of six nations, Belgium, France, Germany, Italy, Japan, and the United Kingdom. In addition, three private international banks from the United States also assisted in financing the establishment of the BIS."
Each nation's central bank subscribed to 16,000 shares. The U.S. central bank, the Federal Reserve, did not join the BIS, but the three U.S. banks that participated got 16,000 shares each. Thus, U.S. representation at the BIS was three times that of any other nation. Who were these private banks? Not surprisingly, they were J.P. Morgan & Company, First National Bank of New York and First National Bank of Chicago.
On January 8, 2001, an Extraordinary General Meeting of the BIS approved a proposal that restricted ownership of BIS shares to central banks. Some 13.7% of all shares were in private hands at that time, and the repurchase was accomplished with a cash outlay of $724,956,050. The price of $10,000 per share was over twice the book value of $4,850.
It is not certain what the repurchase accomplished. The BIS claimed that it was to correct a conflict of interest between private shareholders and BIS goals, but it offered no specifics. It was not a voting issue, however, because private owners were not allowed to vote their shares.
Sovereignty and Secrecy
It is not surprising that the BIS, its offices, employees, directors and members share an incredible immunity from virtually all regulation, scrutiny and accountability.
In 1931, central bankers and their constituents were fed up with government meddling in world financial affairs. Politicians were viewed mostly with contempt, unless it was one of their own who was the politician. Thus, the BIS offered them a once-and-for-all opportunity to set up the "apex" the way they really wanted it -- private. They demanded these conditions and got what they demanded.
A quick summary of their immunity, explained further below, includes
diplomatic immunity for persons and what they carry with them (i.e., diplomatic pouches)
no taxation on any transactions, including salaries paid to employees
embassy-type immunity for all buildings and/or offices operated by the BIS
no oversight or knowledge of operations by any government authority
freedom from immigration restrictions
freedom to encrypt any and all communications of any sort
freedom from any legal jurisdiction
Further, members of the BIS board of directors (for instance, Alan Greenspan) are individually granted special benefits:
“immunity from arrest or imprisonment and immunity from seizure of their personal baggage, save in flagrant cases of criminal offence;”
“inviolability of all papers and documents;”
“immunity from jurisdiction, even after their mission has been accomplished, for acts carried out in the discharge of their duties, including words spoken and writings;”
“exemption for themselves, their spouses and children from any immigration restrictions, from any formalities concerning the registration of aliens and from any obligations relating to national service in Switzerland ;”
“the right to use codes in official communications or to receive or send documents or correspondence by means of couriers or diplomatic bags.”
Lastly, all remaining officials and employees of the BIS have the following immunities:
“immunity from jurisdiction for acts accomplished in the discharge of their duties, including words spoken and writings, even after such persons have ceased to be Officials of the Bank;”[bold emphasis added]
“exemption from all Federal, cantonal and communal taxes on salaries, fees and allowances paid to them by the Bank…”
exempt from Swiss national obligations, freedom for spouses and family members from immigration restrictions, transfer assets and properties – including internationally – with the same degree of benefit as Officials of other international organizations.
Of course, a corporate charter can say anything it wants to say and still be subject to outside authorities. Nevertheless, these were the immunities practiced and enjoyed from 1930 onward. On February 10, 1987, a more formal acknowledgement called the "Headquarters Agreement" was executed between the BIS and the Swiss Federal Council and basically clarified and reiterated what we already knew:
The buildings or parts of buildings and surrounding land which, whoever may be the owner thereof, are used for the purposes of the Bank shall be inviolable. No agent of the Swiss public authorities may enter therein without the express consent of the Bank. Only the President, the General Manager of the Bank, or their duly authorised representative shall be competent to waive such inviolability.
The archives of the Bank and, in general, all documents and any data media belonging to the Bank or in its possession, shall be inviolable at all times and in all places.
The Bank shall exercise supervision of and police power over its premises.
Immunity from jurisdiction and execution
The Bank shall enjoy immunity from criminal and administrative jurisdiction, save to the extent that such immunity is formally waived in individual cases by the President, the General Manager of the Bank, or their duly authorised representative.
The assets of the Bank may be subject to measures of compulsory execution for enforcing monetary claims. On the other hand, all deposits entrusted to the Bank, all claims against the Bank and the shares issued by the Bank shall, without the prior agreement of the Bank, be immune from seizure or other measures of compulsory execution and sequestration, particularly of attachment within the meaning of Swiss law. [bold emphasis added]
As you can see, the BIS, its directors and employees (past and present) can do virtually anything and everything they want, with complete secrecy, immunity and with no one looking over their shoulders. It was truly a banker's dream come true, and it paved the international freeway for the rampant financial globalism that we see manifest today. Don't miss the stunning conclusion! Click here for part 2.
1, Quigley, Tragedy & Hope, (MacMillan, 1966), p.308
2, Edgar B Nixon, ec., Franklin D. Roosevelt and Foreign Affairs, Volume III (Cambridge: Balknap Press, 1969) p. 456
3, Sutton, Wall Street and the Rise of Hitler, (GSC & Associates, 2002) p. 26
4, Quigley, op cit, p. 324
5, BIS web site, Extracts from the Hague Convention, www.bis.org/about/conv-ex.htm
6, BIS, Statutes of the Bank for International Settlements Article 3 [as if January 1930, text as amended on March 10,2003], Basic Texts (Basle, August 2003), p. 7-8
7, Baker, The Bank for International Settlements: Evolution and Evaluation, (Quorum, 2002), p. 20
8, ibid., p. 16
9, BIS, Protocol Regarding the Immunities of the Bank for International Settlements, Basic Texts, (Basle, August 2003), p. 33
10, ibid, Article 12, p.43.
11, ibid, p. 44
12, BIS, Extracts from the Headquarters Agreement, www.bis.org/about/hq-ex.htm
Global Banking: the Bank for International Settlements - Part 2 of 2
21 of the original BIS statutes define day-to-day operations:
buying and selling of gold coin or bullion for its own account
or for the account of central banks;
2, holding gold for its own account under reserve in central
3, accepting the supervision of gold for the account of
4, making advances to or borrowing from central banks
against gold, bills of exchange, and other short-term obligations
of prime liquidity or other approved securities;
5, discounting, rediscounting, purchasing, or selling
with or without its endorsement bills of exchange, checks, and other
short-term obligations of prime liquidity;
6, buying and selling foreign exchange for its own account
or for the account of central banks;
7, buying and selling negotiable securities other than
shares for its own account or for the account of central banks;
8, discounting for central banks bills taken from their
portfolio and rediscounting with central banks bills taken from
its own portfolio;
9, opening and maintaining current or deposit accounts
with central banks;
10, accepting deposits from central banks on current or
11, accepting deposits in connection with trustee agreements
that may be made between the BIS and governments in connection with
12, accepting such other deposits that, as in the opinion
of the Board of the BIS, come within the scope of the BIS’ functions. 
act as agent or correspondent for any central bank
2, arrange with any central bank for the latter to act
as its agent or correspondent;
3, enter into agreements to act as trustee or agent in
connection with international settlements, provided that such agreements
will not encroach on the obligations of the BIS toward any third
is "agency" an important issue? Because any member of the network
can obscure transactions from onlookers. For instance, if Brown Brothers,
Harriman wanted to transfer money to a company in Nazi Germany during
WWII (which was not "politically correct" at that time), they would
first transfer the funds to the BIS thus putting the transaction under
the cloak of secrecy and immunity that is enjoyed by the BIS but not
by Brown Brothers, Harriman. (Such laundering of Wall Street money
was painstakingly noted in Wall Street and the Rise of Hitler, by
Antony C. Sutton.)
are a few things that the BIS cannot do. For instance, it does not
accept deposits from, or provide financial services to, private individuals
or corporate entities. It is also not permitted to make advances to
governments or open current accounts in their name. 
These restrictions are easily understood when one considers that each
central bank has an exclusive franchise to loan money to their respective
government. For instance, the U.S. Federal Reserve does not loan money
to the government of Canada. In like manner, central banks do not
loan money directly to the private or corporate clients of their member
Decisions are Made
board of directors consist of the heads of certain member central
banks. Currently, these are:
H E M Wellink, Amsterdam (Chairman of the Board of Directors)
Hans Tietmeyer, Frankfurt am Main (Vice-Chairman)
Axel Weber, Frankfurt am Main
Vincenzo Desario, Rome
Antonio Fazio, Rome
David Dodge, Ottawa Toshihiko Fukui,
Tokyo Timothy F Geithner, New York
Alan Greenspan, Washington
Lord George, London
Hervé Hannoun, Paris
Christian Noyer, Paris
Lars Heikensten, Stockholm
Mervyn King, London
Guy Quaden, Brussels
Jean-Pierre Roth, Zürich
Alfons Vicomte Verplaetse, Brussels 
these, five members ( Canada, Japan, the Netherlands, Sweden and Switzerland)
are currently elected by the shareholders. The majority of directors
are "ex officio," meaning they are permanent and are automatically
a part of any sub-committee.
combined board meets at least six times per year, in secret, and is
briefed by BIS management on financial operations of the bank. Global
monetary policy is discussed and set at these meetings.
was reported in 1983 that there is an inner club of the half dozen
central bankers who are more or less in the same monetary boat: Germany,
U.S., Switzerland, Italy, Japan and England. 
The existence of an inner club is neither surprising nor substantive:
the whole BIS operation is 100% secret anyway. It is not likely that
members of the inner club have significantly different beliefs or
agendas apart from the BIS as a whole.
the BIS works with the IMF and the World Bank
interoperation between the three entities is understandably confusing
to most people, so a little clarification will help.
International Monetary Fund (IMF) interacts with governments whereas
the BIS interacts only with other central banks. The IMF loans money
to national governments, and often these countries are in some kind
of fiscal or monetary crisis. Furthermore, the IMF raises money by
receiving "quota" contributions from its 184 member countries. Even
though the member countries may borrow money to make their quota contributions,
it is, in reality, all tax-payer money. 
World Bank also lends money and has 184 member countries. Within the
World Bank are two separate entities, the International Bank for Reconstruction
and Development (IBRD) and the International Development Association
(IDA). The IBRD focuses on middle income and credit-worthy poor countries,
while the IDA focuses on the poorest of nations. In funding itself,
the World Bank borrows money by direct lending from banks and by floating
bond issues, and then loans this money through IBRD and IDA to troubled
BIS, as central bank to the other central banks, facilitates the movement
of money. They are well-known for issuing "bridge loans" to central
banks in countries where IMF or World Bank money is pledged but has
not yet been delivered. These bridge loans are then repaid by the
respective governments when they receive the funds that had been promised
by the IMF or World Bank. 
IMF is the BIS' "ace in the hole" when monetary crisis hits. The 1998
Brazil currency crisis was caused by that country's inability to pay
inordinate accumulated interest on loans made over a protracted period
of time. These loans were extended by banks like Citigroup, J.P. Morgan
Chase and FleetBoston, and they stood to lose a huge amount of money.
IMF, along with the World Bank and the U.S., bailed out Brazil with
a $41.5 billion package that saved Brazil, its currency and, not incidentally,
certain private banks.
Bernard Sanders (I-VT), ranking member of the International Monetary
Policy and Trade Subcommittee, blew the whistle on this money laundry
operation. Sander's entire congressional press release is worth reading:
Bailout for Brazil is Windfall to Banks, Disaster for US Taxpayers
VERMONT - August 15 - Congressman Bernard Sanders (I-VT), the
Ranking Member of the International Monetary Policy and Trade
Subcommittee, today called for an immediate Congressional investigation
of the recent $30 billion International Monetary Fund (IMF) bailout
who is strongly opposed to the bailout and considers it corporate
welfare, wants Congress to find out why U.S. taxpayers are being
asked to provide billions of dollars to Brazil and how much
of this money will be funneled to U.S. banks such as Citigroup,
FleetBoston and J.P. Morgan Chase. These banks have about
$25.6 billion in outstanding loans to Brazilian borrowers. U.S.
taxpayers currently fund the IMF through a $37 billion line of
said, "At a time when we have a $6 trillion national debt, a growing
federal deficit, and an increasing number of unmet social needs
for our veterans, seniors, and children, it is unacceptable that
billions of U.S. taxpayer dollars are being sent to the IMF to
money is not going to significantly help the poor people of that
country. The real winners in this situation are the large,
profitable U.S. banks such as Citigroup that have made billions
of dollars in risky investments in Brazil and now want to make
sure their investments are repaid. This bailout represents
an egregious form of corporate welfare that must be put to an
end. Interestingly, these banks have made substantial campaign
contributions to both political parties," the Congressman added.
noted that the neo-liberal policies of the IMF developed in the
1980's pushing countries towards unfettered free trade, privatization,
and slashing social safety nets has been a disaster for Latin
America and has contributed to increased global poverty throughout
the world. At the same time that Latin America countries such
as Brazil and Argentina followed these neo-liberal dictates imposed
by the IMF, from 1980-2000, per capita income in Latin America
grew at only one-tenth the rate of the previous two decades.
continued, "The policies of the IMF over the past 20 years advocating
unfettered free trade, privatizing industry, deregulation and slashing
government investments in health, education, and pensions has been
a complete failure for low income and middle class families in the
developing world and in the United States . Clearly, these policies
have only helped corporations in their constant search for the cheapest
labor and weakest environmental regulations. Congress must work
on a new global policy that protects workers, increases living standards
and improves the environment."
can surmise that a financial circle exists where the World Bank helps
nations get into debt, then when these countries can't pay their massive
loans, the IMF bails them out with taxpayer money -- and in the middle
stands the BIS, collecting fees as the money travels back and forth
like the ocean tide, while assuring everyone that all is well.
dumps gold-backed Swiss Francs for SDR's
March 10, 2003, the BIS abandoned the Swiss gold franc as the bank's
unit of account since 1930, and replaced it with the SDR.
stands for Special Drawing Rights and is a unit of currency originally
created by the IMF. According to Baker,
SDR is an international reserve asset, created by the IMF in 1969
to supplement the existing official reserves of member countries.
SDR's are allocated to member countries in proportion to their IMF
quotas. The SDR also serves as the unit of account of the IMF and
some other international organizations. Its value is based on a
basket of key international currencies." 
"basket" currently consists of the euro, Japanese yen, pound sterling
and the U.S. dollar.
BIS abandonment of the 1930 gold Swiss franc removed all restraint
from the creation of paper money in the world. In other words, gold
backs no national currency, leaving the central banks a wide-open
field to create money as they alone see fit. Remember, that almost
all the central banks in the world are privately-held entities, with
an exclusive franchise to arrange loans for their respective host
and Global Currencies: SDR's, Euros and Ameros
is no doubt that the BIS is moving the world toward regional currencies
and ultimately, a global currency. The global currency could well
be an evolution of the SDR, and may explain why the BIS recently adopted
the SDR as its primary reserve currency.
Brandt Equation, 21st Century Blueprint for the New Global Economy
notes, for instance, that
the SDR is the world's only means of meeting international payments
that has been authorized through international contract, "The
SDR therefore represents a clear first step towards a stable and
permanent international currency" 
[bold emphasis added]
to regional currencies, the BIS has already been hugely successful
in launching the euro in Europe. Armed with new technical and social
know-how, the BIS' next logical step is to focus on America and Asia.
instance, according to BIS Papers No. 17, Regional currency areas
and the use of foreign currencies,
Mexico and the United States are members of the trade group NAFTA.
Given the high proportion of Canada and Mexico’s trade with the
United States, a NAFTA dollar or “Amero” has been proposed by some
Canadian academics such as Grubel (1999). See also Beine and Coulombe
(2002) and Robson and Laidler (2002)." 
that NAFTA permanently identifies Canada, the U.S. and Mexico as one
trading block, then North America will look like the European Union
and the Amero will function like the Euro. All of the work put into
the SDR would be perfectly preserved by simply substituting the Amero
for the U.S. dollar when they choose to bring the Amero to ascendancy
over the dollar.
those American readers who do not grasp the significance of the adoption
of the euro by European Union countries, consider how one American
globalist describes it.
Fred Bergsten is a prominent and core Trilateral Commission member
and head of the Institute for International Economics. On January
3, 1999, Bergsten wrote in the Washington Post
adoption of a common currency is by far the boldest chapter of European
integration. Money traditionally has been an integral element
of national sovereignty ...and the decision by Germany and France
to give up their mark and franc ...represents the most dramatic
voluntary surrender of sovereignty in recorded history. The
European Central Bank that will manage the euro is a truly supranational
[bold emphasis added]
will have to rephrase this when the U.S. gives up the dollar for the
amero -- that will become the most dramatic voluntary surrender of
sovereignty in recorded history!
credo is "Follow the money, follow the power." This report has endeavored
to follow the money. We find that:
BIS is central bank to all major central banks in the world
is privately owned by central banks themselves, most of whom are
was founded under questionable circumstances by questionable people
is accountable to no one, especially government bodies
operates in complete secrecy and is inviolable
of money is obscured and hidden when routed through the BIS
BIS is targeting regional currency blocks and ultimately, a global
has been hugely successful at building the New International Economic
Order, along with its attendant initiatives on global governance.
to "follow the power," another paper will more fully explore the influence
of power that the BIS exerts over other banks, nations and governments.
For your own consideration in the meantime, Proverbs 22:7 provides
a useful compass: "The rich rule over the poor, and the borrower is
servant to the lender".
Carl Teichrib, World Research Library Senior Fellow, contributed to
Baker, op cit, p. 26-27
ibid, p. 27
BIS, The BIS in profile, Bank for International Settlements flyer,
BIS, Board of Directors, www.bis.org/about/board.htm
Epstein, Ruling the World of Money, Harper's Magazine, 1983
IMF web site, http://www.imf.org
World Bank web site.
Baker, op cit, p. 141-142
The Brandt Equation: 21 st Century Blueprint for the New Global Economy.
The Brandt Proposals
– A Report Card: Money and Finances.
BIS, Regional currency areas and the use of foreign currencies, BIS
Papers No. 17, September, 2003
Washington Post, The Euro Could Be Good for Trans-Atlantic Relations,
C. Fred Bergsten, January 3, 199
© 2005 Patrick Wood - All Rights Reserved
Patrick M. Wood is editor of The August Review, which builds on his original research with the late Dr. Antony C. Sutton, who was formerly a Senior Fellow at the Hoover Institution for War, Peace and Revolution at Stanford University. Their 1977-1982 newsletter, Trilateral Observer, was the original authoritative critique on the New International Economic Order spearheaded by members of the Trilateral Commission.
Their highly regarded two-volume book, Trilaterals Over Washington, became a standard reference on global elitism. Wood's ongoing work is to build a knowledge center that provides a comprehensive and scholarly source of information on globalism in all its related forms: political, economic and religious.
Web Site: www.AugustReview.com
Article from: http://www.newswithviews.com/Wood/patrick4.htm
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