Posted by Richard Willet Posted on 22 July 2020

The Dark Past Of The Bank For International Settlements

Although written by Patrick Wood in 2005, nothing has changed to the historical fact of the Bank for International Settlements. It has nefarious roots and is the tap-root of modern globalization.

Today, the BIS is getting headlines again because of its direction of central banks to go cashless. It is readily apparent that it has not lost its power and influence over the decades. For anyone wanting to understand how the world really works, this is a must-read paper

Created at  Bretton Woods in 1944, the World Bank has been dominated by international bankers, members of the Council on Foreign Relations and later by the  Trilateral Commission. Corruption and self-interest run amok as public funds are converted into private hands by the billions.

Introduction

According to The World Bank, it is,

“a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the common sense. We are made up of two unique development institutions owned by 184 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but supportive role in our mission of global poverty reduction and the improvement of living standards. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Together we provide low-interest loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes.” 1

High-minded words like “our mission of global poverty reduction and the improvement of living standards” would lead the reader to believe that the World Bank is some benevolent and global welfare organization. Why is it then, that The World Bank joins the International Monetary Fund and the World Trade Organization as organizations that people around the world just love to hate?

In reality, the World Bank carries its weight, along with the International Monetary Fund and the Bank for International Settlements, to forcibly integrate minor countries of the world into its own brand of capitalistic democracy.

Read More: The Dark Past Of The Bank For International Settlements

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