In his acceptance speech during the 1992 Democratic National Convention, President Bill Clinton said the following:
As a teenager, I heard John Kennedy’s summons to citizenship. And then, as a student at Georgetown, I heard that call clarified by a
professor named Carroll Quigley, who said to us that America was the greatest Nation in history because our people had always believed in two
things–that tomorrow can be better than today and that every one of us has a personal moral responsibility to make it so.
The mentioned "Carroll Quigley" was a professor at the University of Georgetown's School of Foreign Service that had acted as a mentor of sorts to
the young William Clinton, who would name Quigley as a important factor in the direction of his political philosophy and ideology. Surprisingly,
Quigley is also well known and well regarded in the realm of conspiracy theorists, in part due to his magnum opus, Tragedy and Hope
Tragedy and Hope
, a detailed 'history of the twentieth century, descibes the 'Eastern Establishment', a psuedo-secret society that can be
traced back to the Round Table of Alfred Milner and Cecil Rhodes, operating through front organizations such as the Council on Foreign Relations.
Somewhat disturbingly, Quigley mentions in the book:
"I know of the operation of this network because I have studied it for twenty years and was permitted for two years, in the early 1960’s, to
examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of
its instruments. I have objected, both in the past and recently, to a few of its policies... but in general my chief difference of opinion is that it
wishes to remain unknown, and I believe its role in history is significant enough to be known."
So what is the goal of this shadowy organization? Quigley says:
"...the 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.
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."
The 'apex', the Bank for International Settlements
, is an "an
international organization of central banks which 'fosters international monetary and financial cooperation and serves as a bank for central
banks,'" that is 'not accountable' to any national government.
The chart above depicts the global membership in the BIS. With such a vast membership roster, compounded with the fact that it is essentially a
central bank for central banks, then the BIS is certainly one of the most power financial forces in the world today. Which begs the question, why have
so few heard of it? And who runs the bank?
The current head of the BIS is Jaime Caruana, the governor for the Bank of Spain, counsellor and director of the Monetary and Capital Markets
Department at the International Monetary Fund and a member of the Washington D.C. based Group of
. The board of directors for the BIS is even more interesting: it includes the one and only Ben Bernanke, the 14th chairman of the Federal
Reserve and also a G30 member, Guillermo Ortiz Martínez, the head of the Mexican central bank and Mexican representative to the IMF (and G30 member
to boot), Mark Carney, the governor of the Bank of Canada whose credentials include a thirteen year stint at Goldman Sachs, and William C. Dudley,
another Goldman Sachs alumn turned Federal Reserve president. The whole membership list of the board of directors as BIS can be read
, and a quick look will confirm that these people are
the upper eschelon of the economic world.
So where did such a powerful entity get it's beginning? Disturbingly, it would seem that shortly after it's inception in 1930, it would quickly
become aligned with the Nazi party in Germany.
After the end of the First World War, 1929 saw the establishment of the Young Committee, dedicated to setting up a plan for the settlement of
Germany's debts that had accrued during wartime. Present at the Committee, representing the interests of the U.S., was J.P. Morgan, Jr. and his
partner, Thomas W. Lamont, who had acted as a mentor to Woodrow Wilson in his second term, and in 1926 had secured a $100 million loan to help fund
Benito Mussolini. Lamont described himself as "something like a missionary" for the model of Italian fascism.
The Young Committee would conclude that there was a need for a new bank to act as a conduit for all the money that flying around as the dust of the
Great War settled, and poof! the Bank for International Settlements was created. It would seem that the key personas in establishing the bank were
Montagu Norman, 1st Baron Norman
Montagu Norman was the governor of the British central bank, the Bank of England, from 1920 until 1944, though he had worked at the bank from 1907.
Prior to this, he had held a position at Brown Bros. & Co., the company that would eventually become Brown Brothers Harriman & Co. in 1931. This
company, who's initial partners included Moreau Delano (a relative of Franklin D. Roosevelt) and Prescott Bush, would end up illegally financing the
Hjalmar Schacht was the deputy director of Dresdner Bank, 66% of which was owned by the Nazi party in 1931.
During World War II, Dresdner Bank controlled various banks in countries under German Occupation. It took over the Bohemian Discount Bank in
Prague, the Societa Bancara Romana in Bucharest, the Handels- und Kreditbank in Riga, the Kontinentale Bank in Brussels, and Banque d'Athenes. It
maintained majority control of the Croatian Landerbank and the Kommerzialbank in Kraków and the Deutsche Handels- und Kreditbank in Bratislava. It
took over the French interests in the Hungarian General Bank and the Greek Credit Bank, and it founded the Handelstrust West N. V. in Amsterdam. It
also controlled Banque Bulgare de Commerce in Sofia and the Deutsche Orient-Bank in Turkey.
In a sense, you could say that the Dresdner Bank would be the prototype for the BIS.
[edit on 15-2-2010 by Someone336]