- Most people know about the Federal Reserve, European
Central Bank, Bank of England, and Bank of Japan.
-
- Few ever heard of the Bank for International Settlements
(BIS), the central bank for central bankers. Based in Basle, Switzerland,
it's a banking boss of bosses accountable to no government.
-
- Privately owned by its member central banks, dominant
ones and financial elitists have most influence to eventually implement
global control under one currency.
-
- The BIS is a secretive 55-member nation global central
bank run mainly by monetary authorities in America, Germany, Switzerland,
Italy, Japan and Britain.
-
- In 2009, serving dominant banking interests, Obama proposed
stealth financial reform for global monetary control.
-
- Objective V addressed "Rais(ing) International Standards
and Improving International Cooperation" by promoting global control
in a single paragraph:
-
- "The United States is playing a strong leadership
role in efforts to coordinate international policy through the G-20, the
Financial Stability Board, and the Basel Committee on Banking Supervision.
We will use our leadership position in the international community to promote
(an) initiative compatible with the domestic regulatory reforms described
in this report."
-
- It also recommended "Strengthen(ing) the Financial
Stability Board....complet(ing) its restructuring and institutionaliz(ing)
its new mandate to promote global financial stability by September 2009."
-
- In addition, it urged "work(ing) with the Bank for
International Settlements (BIS) and standard setters to develop macroprudential
tools." Obama asked other nations to follow America's lead.
-
- A Financial Stability Board (FSB) would be a step closer
to global monetary control. G-7 nations, the BIS, IMF and other international
lending agencies would dominate it. Wall Street would have greater than
ever power. Dictatorial finance capital would follow.
-
- In his 1966 book titled, "Tragedy and Hope,"
Carroll Quigley said:
-
- "(T)he 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."
-
- Incrementally they've moved closer to absolute global
control of money, credit and debt to dominate economies, politics, commerce,
and imperial adventurism. As a result, they've adversely harmed popular
interests benefitting them.
-
- As little as few people know about BIS, virtually no
one ever heard of the Institute of International Finance (IIF), and its
enormous global power.
-
- Created by 38 leading banks in 1983, it's headquartered
in Washington. In November 2010, it opened an Asia Representative office
in Beijing.
-
- It calls itself "the world's only global association
of financial institutions," according to Charles Dallara, its ex officio
managing director and board member.
-
- More on its other members below. It's a rogue's gallery
of dominant global finance capital figures.
-
- "The IFF has evolved to meet the changing needs
of the financial community, and its members include most of the world's
largest commercial banks and investment banks, as well as a growing number
of insurance companies and investment management firms, in all (420) members
headquartered in more than 60 countries."
-
- Dallara is also a former US Assistant Treasury Secretary.
Unexplained Is IIF enormous global power, representing dominant finance
capital.
-
- Like BIS, it operates secretly. Its key members run it,
assuring dominant financial interests are served. Its web site explains
little about its mission, except for "member only content" concealed
from public view.
-
- It's too disturbing to reveal how dominant bankers plan
global finance capital control. Daily comments read like corporate media
reports, telling people everything but what they most need to know.
-
- IIF Board of Director names say more than public policy
statements reveal. They include:
-
- Chairman Josef Ackermann, Deutsche Bank's Chairman of
the Management Board and Group Executive Committee
-
- Vice Chairman Roberto Setubal, Itau Unibanco president
and CEO, as well as Unibanco Holding's vice chairman
-
- Vice chairman Francisco Gonzalez, BBVA chairman and CEO
-
- Vice chairman Rick Waugh, Scotiabank president and CEO
-
- Hassan El Sayed Abdalla, Arab African International Bank
vice chairman and managing director
-
- Walter Bayly, Banco de Credito del Peru CEO
-
- Martin Blessing, Commerzbank chairman
-
- Gary Cohn, Goldman Sachs Group president and CEO
-
- Yannis Costopoulos, Alpha Bank chairman
-
- Ibrahim Dabdoub, National Bank of Kuwait CEO
-
- Charles Dallara, ex officio IIF managing director
-
- Yoon-dae Euh, KB Financial Group chairman and CEO
-
- Douglas Flint, HSBC Holdings Group chairman
-
- James Gorman, Morgan Stanley president and CEO
-
- Oswald Gruebel, UBS Group CEO
-
- Jan Hommen, ING Group chairman
-
- Eighteen other little known to the public other prominent
figures are listed, representing:
-
- Commercial Bank of China
-
- ICICI Bank
-
- BNY Mellon
-
- Swiss Reinsurance Co.
-
- Tokyo-Mitsubishi UFJ
-
- Societe Generale
-
- Citigroup
-
- Intesa Sanpaolo
-
- PNB Paribas Group
-
- Credit Suisse
-
- Akbank TAS
-
- Standard Chartered
-
- Mizuho Corporate Bank
-
- Zurich Financial Services
-
- Australia and New Zealand Banking Group
-
- JP Morgan Chase
-
- Erste Group Bank, and
-
- IIF's board secretary Peter Wallison. He's a lawyer and
American Enterprise Institute Financial Studies Fellow, specializing in
market deregulation.
-
- In the 1980s, he also served as Ronald Reagan's White
House counsel and later as Treasury general counsel.
-
- Everyone on the board is a consummate insider, committed
to establishing dominant global finance capital.
-
- Ex officio managing director Dallah called 2010 "a
year of strong membership growth for the Institute....(serving) long-term
interests in a stable financial system and an expanding world economy"
dominant members control.
-
- Chairman Ackermann said "the Institute has continued
to support its members efficiently and effectively while providing a powerful
vehicle for the global financial services industry to work together to
foster growth and strengthen the stability of the global financial system"
in elitist private hands to profit at the public's expense.
-
- IIF members now include over 420 major banks and other
dominant financial institutions. Their goal is total global finance capital
control.
-
- Issue one for Occupy Wall Street protesters across America
and others in Europe and the Middle East is stopping them so money power
returns to public hands where it belongs.
-
- Achieving vital social change depends on making it happen.
-
- Stephen Lendman lives in Chicago and can be reached at
lendmanstephen@sbcglobal.net.
-
- Also visit his blog site at sjlendman.blogspot.com and
listen to cutting-edge discussions with distinguished guests on the Progressive
Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central
time and Saturdays and Sundays at noon. All programs are archived for easy
listening.
-
- http://www.progressiveradionetwork.com/the-progressive-news-hour/.
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