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“The Bank is completely removed from any

governmental or political control.”

— Gates McGarrah, first president of the Bank for

International Settlements, 1931

#macro #occult #bis #banks #plebchain

"After 1945, five BIS directors, including Hjalmar Schacht, were charged

with war crimes. Germany lost the war but won the economic peace, in large

part thanks to the BIS. The international stage, contacts, banking networks, and

legitimacy the BIS provided, first to the Reichsbank and then to its successor

banks, has helped ensure the continuity of immensely powerful financial and

economic interests from the Nazi era to the present day."

Adam Lebor, Tower of Basel

#nostr #plebchain #politics #macro #studybitcoin #studyfiat

"After 1945, five BIS directors, including Hjalmar Schacht, were charged

with war crimes. Germany lost the war but won the economic peace, in large

part thanks to the BIS. The international stage, contacts, banking networks, and

legitimacy the BIS provided, first to the Reichsbank and then to its successor

banks, has helped ensure the continuity of immensely powerful financial and

economic interests from the Nazi era to the present day."

Adam Lebor, Tower of Basel

#nostr #plebchain #politics #macro #studybitcoin #studyfiat

"The BIS is a unique institution: an international organization, an extremely

profitable bank and a research institute founded, and protected, by international

treaties.

14 The BIS is accountable to its customers and shareholders—the central

banks—but also guides their operations. The main tasks of a central bank, the

BIS argues, are to control the flow of credit and the volume of currency in

circulation, which will ensure a stable business climate, and to keep exchange

rates within manageable bands to ensure the value of a currency and so smooth

international trade and capital movements. This is crucial, especially in a

globalized economy, where markets react in microseconds and perceptions of

economic stability and value are almost as important as reality itself."

Adam Lebor, Tower of Basel

#macro #politics #studybitcoin #bitcoin