posted on Mar, 23 2011 @ 06:17 PM
So let's say you're an International Institution and your headquarters are in a particular country. You should establish with that country an
agreement on your legal status with regards to that country's laws, right?
Some of you may be familiar with the Bank for International Settlements
, some may not. As the oldest
International Financial Institution in existence and (by its own admission) "the central bank of central banks," it is popular in global elite
Anyways, I've exhaustively studied the BIS, coming to the opinion that the Bank definitely sits somewhere at the top of the global financial
architecture, which in turn, we are all apart. So I'm researching the BIS today and come across a pdf titled,
"Agreement between the Swiss Federal Council and the Bank for International Settlements to determine the Bank’s legal
status in Switzerland
I'm surprised I've never seen this before and am amazed at the content. Please look for yourself. You'll see the Swiss government gives the BIS
full operating autonomy in nearly every conceivable way. Shocking. I've heard the Bank of England has a similar legal status within the UK and would
love to see the similar document.
Can you imagine your government authorizing a private institution to get these special privileges? I know the WTO has special powers to carry out its
operations in NYC as an example but pales in comparison.
Here are some excerpts:
Article 1 Legal personality The Swiss Federal Council acknowledges the international legal personality and the legal capacity within Switzerland
of the Bank for International Settlements (hereinafter referred to as “the Bank”).
Article 3 Inviolability 1. 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,2 the General Manager of the Bank, or their duly authorised representative shall be competent to waive such inviolability.
Article 9 Free disposal of funds and freedom to conduct operations 1. The Bank may receive, hold, convert and transfer all funds, gold, currency,
cash and other transferable securities, and dispose freely thereof, and generally carry out without any restriction all the operations permitted by
its Statutes, both within Switzerland and in its relations with foreign countries.
I find this just amazing.
If you comment, please avoid making claims about other Institutions with similar statuses unless you provide citations. This is a 100% real legal
agreement and I'd love to see others like it. I havent read the whole agreement so feel free to post other interesting parts. Thanks.
My ATS thread on the BIS
I must credit Patrick Carmack, producer of the Money Masters
bringing this to my attention.