Thursday, August 6, 2009
The Banks Own the Fed, and the Central Banks Own BIS
You know that the 12 Federal Reserve Banks are owned by private banksters.
And you've heard of the Bank of International Settlements (BIS), which is the "Central Banks' Central Bank".
But you probably don't know who owns BIS or how it is regulated.
Spiegel provided the answer last month:
The BIS is a closed organization owned by the 55 central banks. The heads of these central banks travel to the Basel headquarters once every two months, and the General Meeting, the BIS's supreme executive body, takes place once a year.So the private banks own the Fed (and other central banks), and the central banks, in turn, own BIS.
Interestingly, Spiegel points out that BIS is largely immune from regulation, oversight or taxes:
Formally registered as a stock corporation, it is recognized as an international organization and, therefore, is not subject to any jurisdiction other than international law.It does not need to pay tax, and its members and employees enjoy extensive immunity. No other institution regulates the BIS, despite the fact that it manages about 4 percent of the world's total currency reserves, or €217 trillion ($304 trillion), as well as 120 tons of gold...
Central bankers are not elected by the people but are appointed by their governments. Nevertheless, they wield power that exceeds that of many political leaders. Their decisions affect entire economies, and a single word from their lips is capable of moving financial markets. They set interest rates, thereby determining the cost of borrowing and the speed of global financial currents.
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The article may be true, but it tells only half of the story.
ReplyDeleteSeveral court cases have held, for the incidents before the court, that the Federal Reserve BANKS ( of which there are twelve, each independent, and each controlled by a Board of Directors with nine directors) are owned by the commercial banks who are required to purchase non-transferable “stock” as determined by the Federal Reserve BOARD OF GOVERNORS (BOG)---as briefly identified by the article.
The BOG has absolute authority to remove any officer or director (Title 12, Section 248 (f)) with, or without, cause. They also have authority “To exercise general supervision over said Federal reserve banks.” 12 USC 248 (j). Courts have stated that power is supervisory and regulatory.
Commercial banks have the image of owning the FR Banks. They, in fact, appear to have purchased a franchise. Control of the FR SYSTEM is vested in the BOG which is a separate legal entity. 12 USC #241. The BOG can charge the FR Banks any amount to cover costs and expenses, including “to acquire…a site or building…for the performance of the functions of the Board.” and the Board “shall have sole control of such building or buildings and space therein.” 12 USC #243.
Who controls the BOG ? Some people suggest that the government controls them, but the hearings before congress seem to belie that. Bernacke specifically declared he would resist any attempt by Congress to control the Fed. Some people read Eustace Mullins’ SECRETS OF THE FEDERAL RESERVE and believe the New York bankers, operating as shills for the European Rothchilds, control the Fed. Since the accounting records of the BOG are unavailable for scrutiny, except for a three page overview/gloss in the Annual Report to Congress, it is impossible to disprove the claim.
The article also states the BIS “is recognized as an international organization.” Who is it that extends this recognition ?? Where has the U.S. concurred in the determination ?
Do you recall a newspaper article about ten years ago that a European interest was going to audit the Fed ??
Further investigation into the 55 Central banks who “own” the BIS, … shows …..that just ONE MAN has most if not all of the control. Indeed, like any board room anywhere, there always is just one man who rules the roost. Such is life. Such is tyranny.
ReplyDeleteNow, imagine a world where Government's have made it LEGAL for anyone anywhere to mint into coins and issue paper & credit based upon actual GOLD and SILVER. Imagine that a GOLD and SILVER is allowed to be used anywhere in the world as “Legal Tender”. Imagine further that since no person then can “own the printing presses of fiat currency”, that NO ONE MAN would have that power over governments, over economies, over the world. It’s not hard to imagine really, all kinds of people anywhere and everywhere in the world recognize Gold & Silver when they see it, as VALUABLE. Why Gold & Silver is Mankind’s NATURAL CHOICE for MONEY. But we dutifully follow laws that will not allow us to use Gold as money. My oh My, do we love to OBEY laws….. so like little children told not to touch things in the store, we sit and stare at GOLD and SILVER… but OBEY the government “legal tender” laws which tell us to use the “dollar”, the “pound”, the “Euro”, the “Colon”, the “Peso”, the “Yuan”…..and like fools, we obey these silly laws.
Here is the answer:
Make GOLD AND SILVER “legal tender”, and you FREE MANKIND.
GOLD = Freedom… Fiat Paper = Control.
You make the Choice… each and every day.
Choose Freedom.
Ellen Brown in WEB OF DEBT includes a discussion of the BIS with the Fed and its nefarious influence in the US while Ed Griffin in CREATURE FROM JEKYLL ISLAND analyzes the corrupt Federal Reserve.
ReplyDelete