"In a small Swiss city sits an international organization so obscure and secretive.... Control of the institution, the Bank for International Settlements, lies with some of the world's most powerful and least visible men: the heads of 32 central banks, officials able to shift billions of dollars and alter the course of economies at the stroke of a pen."
by:
Keith Bradsher
New York Times bureau chief in Detroit (1996-2001) and Hong Kong (2001- )
Source:
New York Times, August 5, 1995 
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Reader comments about this quote:
Jeez it would just be awful if someone accidentally dropped a tactical nuke on this bank during a board meeting wouldn't it? The five stars are for spreading knowledge and helping to make people more aware.
 -- J Carlton, Calgary     
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    J Bradsher and liberty-tree by repeating his ignorance are not spreading knowledge. This is not a secretive organization. I just googled it and you can access any of their records you care to. What "secretive" means is it is just something that "you" don't know about. The entire world is secretive until you go to school. There are people who have jobs that make them feel like all knowing little gods. I once was a computer programmer headhunter. I knew who were the good professionals and where the needs for them existed, I looked down from on high with an eagels eye and attempted to shuffle them around for a fee but it was not secretive per se. This bank organization is nothing more than a bank clearing house which exist all over the US, the Philadelphia Clearing House for example.
     -- Waffler, Smith, Arkansas     
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    "This bank organization is nothing more than a bank clearing house which exist all over the US, the Philadelphia Clearing House for example." Waffler is completely fooled.
     -- J Carlton, Calgary     
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    Google it Mr. Carlton!
     -- Waffler, Smith, Arkansas     
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    Hmm, googling 'Bank for International Settlements' brings up a lot of interesting results. Yes, google it Waffler and read something that is NOT published by them or other financial entities dependent upon the BIIS. The BIIS is the council of all the central banks issuing fiat currencies. It is necessary because since each nation bank can essentially print up as much money as they want, the BIIS is supposed to make sure one counterfeiter doesn't take over the others. The stockholders of most of the European/American central banks are indeed the same people -- Rothschilds, Rockefellers, Morgans, etc.. They know exacty what they are doing, Waffler does not.
     -- E Archer, NYC     
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    There are no stockholders of the US Central Bank/Federal Reserve. In effect the Federal Reserve owns itself. Banks who chosse to be a member bank of the Fed system do purchase stock so to speak and must maintain a depostit balance with the Fed. No bank is forced to be a member of the Fed systrem. As for as the Bank of International Settlements it is like a reserve bank for reserve banks and a settlement agent. If anyone has ever bought a home you should know that you have a settlement date, a day of reconking in which any and all parties interested in the transaction, seller, buyer, mortgager, appraisers, insurers, real estate tax authorities, real estate agents etcetera all get their piece of the action. The Bank of International Settlements performs this function for reserve banks. It was estabishied in 1930 so just because you or I have just become familiar with it does not mean that it is secretive. It just means we have just learned something new. (As far as the Fed owing itself it is similar to a Tree in my home town. Under the authority of the State of Alabama title, ownership to this tree belongs to the Tree itself, no one person, or city can cut this tree down, or disturb it. The tree was supposedly a meeting place or council place for the local Indian Tribes.) In the same way the Fed is secured from transient or political influence because it owns iteself.) It is a sick crowd that always feels set upon by forces they no nothing of. It is just a psychological reaction caused by their own ignorance or feelings of incompetence. If you check the education levels of bankers, politicians, world leaders and compare it to the education level of people like Archer above you will immediately know why he is such an air head.)
     -- Waffler, Smith, Arkansas     
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    Waffler, you cannot twist logic to suit. The Federal Reserve is a corporation. It absolutely does have stock and share holders. Your statement that "the Fed owns itself" is partially true if what you are implying is that it is private and acts as if it were a sovereign entity. I am sure you believe the Fed has a right to sovereignty and that individual people do not -- you have already made that abundantly clear in your posts. By ignoring the issue about how Federal Reserve notes are put into circulation, you ignore the mechanism that steals the wealth of nations. The Fed and those banks chartered under it do in fact create money -- that is where our currency comes from. It is created when we 'borrow' it and promise to pay it back. When the principal is paid back, that 'money' disappears into the void from which it came. This is Economics 101, it is not conspiracy theory. This slight of hand is buried in jargon but every currency trader on the planet knows about it and tracks the issuance of currency and the debt that comes with it. Your reasoning is biased towards a system from which you have profited. While some of which you have said is true, it does not disprove the well-established fact that the Federal Reserve is a private credit monopoly created by Congress which established promissory notes as legal tender for the United States originally on equal par with gold until the Fed managed to acquire so much of the nation's gold that they could not be redeemed in gold any more. Thus gold was declared illegal for the average citizen to own, and Americans were required to turn it all in for a permanent fiat currency system. Waffler, you will never prove your case -- all you have to do is read the news today about Canada, Iceland, Turkey, Germany, England, Mexico, even China -- all these countries using fiat currencies (controlled by the Bank of International Settlements) are experiencing crashes in the currency because they, too, are victims of a fiat money system. This is what central banking does -- it cannot be avoided when money can be created by the flick of a pen or click of a mouse. The average Joe (including you waffler) does not know how banking works or that a bank loans 'money' it doesn't have (see the definition of 'fractional reserve banking'). Ask yourself, who has the power to create money, not theoretically, but actually? Where does the money come from when you use a credit card to pay someone -- where does that money come from before you pay your bill? Then ask yourself, is there a danger to granting the power to create money to a private credit monopoly? And who can be trusted? You are way too trusting of these 'authorities' who can make or break nations with simply printing up too much money or not creating any when the economy needs it. The system was supposed to prevent these kinds of crashes, but it is obvious after nearly 100 years of the Fed that it has done more harm than it can ever do good. I have worked as a consultant on Wall Street for Credit Suisse and Citicorp as well as several other Fortune 100s for most of my professional life -- what are your qualifications, Waffler?
     -- E Archer, NYC     
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    Gentlemen, I will not pretend to really know how all of the behind the scenes goings on of the banking system works. However I do know this, that when a bank gives me a dollar, they have the power to declare that the dollar is worth a dollar. Then when I pay it back, they have the power to say that the dollar is now worth a dime. So now I am required to pay back ten dollars for one dollar given to me. I am not saying that they always do it, but they have that power and I don't. Not only that, if they pull this scam, there is nothing that I can do about it. My government, that I pay to protect me will use it's full power against me and defend the bank. I will go to jail if I cheat the bank, but when they cheat me they are protected and viewed as respectable while I am viewed as a thief. When they get into trouble due to poor judgement or mismanagement, I am required to bail them out and foot the bill, but if I get into the same situation, I get no help and viewed as stupid and foolish and am told that I am just getting what I deserve. I can lose everything, but they never lose anything. With the stroke of a pen, they create money. If I sent them a piece of paper that I merely write on, "you are now paid in full" but sent no money, how far would I get with that? Yet they can foreclose, and repossess at will, when they never really put up anything in the first place. Sounds like a pretty good racket to me. However if anyone but a banker does the same thing, they are gangsters and will be hunted down and brought to justice. Sorry but I say round up all of the banking crooks, throw them in jail, confiscate all of their holdings, give it to the people, start a people's bank, with a rotating civilian watch dog group to prevent future indiscretions and start all over.
     -- Ken, Milford Pa     
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    Ken you touch upon a interesting philosophical or logical question. And that is does "the tail wag to dog" or does "the dog wag the tail"? We live in an organized hierarchy from which we cannot escape unless we move to the woods and become hunter gatherers like some wish to do, why don't they just do it and shut up? If we all had the power and options that you suggest where we could all stiff our creditors where would we really be? I admit that there are crooks everywhere and that is why we have auditors, checks and balances etcetera. Do the auditors and checks and balances some times fail? Well of course from time to time. But life in modern society requires faith, and fiduciary trust etcetera,
     -- Waffler, Smith, Arkansas     
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    Waffler, Ken was not saying he wanted to stiff the creditors. Your entire analogy and everything else is completely off again.
     -- Mike, Norwalk     
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    Thank you Mike. I never said, or intimated that we should stiff our creditors, and I never have. I have been robbed at times but I never used it as an excuse to violate anyone else, even the robbers. However we can escape, but we do it by regaining control and being the masters of our destiny. Please realize that if we keep saying that we can't do something, then we can't. If we believe that something is impossible, then our despondency will make it so. If we are determined to succeed, then we will. We need to be the watch dogs over everything, and everyone. We have to be breathing down the backs of all of our representatives and make them do their jobs. If they get out of line, we have to reel them back in. They are there to serve us, not us to serve them. Let them know that we are vigilant, and that we are watching their every step, and they will watch their step. The free ride is over. This bail out bill was their notice to us that they don't care about us, they have received notice from us that their day has come. Congress received so much internet mail (97% against the bill) that they shut the system down for fear of an overload. Now let's stick by our guns and vote them all out. (that is all that voted in favor of the bill and against the people) In Pa. both senators voted against the people, congressman Chris Carney Voted for the people and against the bail out bill. Carney has my support and all of my campaign efforts, while I will work against Spector and Casey when they come up for re-election The price that we pay for our freedom is eternal vigilance. Get active, get busy, be strong, be brave. We owe it to our founding fathers, and all future generations.
     -- Ken, Milford Pa     
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    I found the comments quite interesting...
     -- MKP, Como     
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    Generally speaking, if I want to be right, I simply read Waffler and take the opposite position.
     -- jim k, Austin, Tx     
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    You're right Jim, that Waffler was (supposedly) himself one of the gangster extortionists explains his complete ignorance of the concept of liberty and the Constitution of The United states of America. The man is an obvious shill for globalist (read: communist) control.
     -- J Carlton, Calgary     
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