BIS

deep state milieu, central bank, nation state, IGOnation state

BIS  link () NNDB
Formation	17 May 1930
Location	Basel, Switzerland, Europe
Leaders	BIS/General Manager, BIS/Chairman
Type	nation state
The central bankers' central bank - nothing to see here.

{{#subobject:

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“The Bank is completely removed from any governmental or political control.”
Gates McGarrah (March 1931)  A Balance Wheel of World Credit
The first president of the Bank for International Settlements

The Bank for International Settlements (BIS) is a highly secretive group of the world's central bankers, based in Basel. It is not generally regarded as a nation state (generally regarded as being in Switzerland). It has a unique legal status which makes the place inviolable. For this and other reasons, such as its independence in matters of foreign and domestic policy, it operates in many ways as a de facto nation state so is listed here as such.

Official narrative

The BIS is more or less off the agenda of commercially-controlled media although it has received occasional mentions.

Dissent

Adam Lebor has written a book critical of this group. As a secretive group at the apex of the global system of fiat currency, the group is categorised here as a deep state milieu. In the absence of leaks, its exact activities remain a subject of speculation.

History

First unofficial meeting of the BIS Board of Directors in Basel, April 1930

First unofficial meeting of the BIS Board of Directors in Basel, April 1930

"the B.I.S.’s directors helped to sell gold seized by the Nazis from occupied nations and culled from the teeth of death camp victims, and they acted as a conduit of hard currency that allowed the Third Reich to buy raw materials throughout the war — to the point where Emil Puhl, the Reichsbank vice president, described the B.I.S. as the “only real foreign branch” of the Reichsbank. Puhl’s friend Thomas McKittrick, the bank’s American president through the war, “repeatedly passed economic and financial intelligence to the Reichsbank leadership,” LeBor writes. McKittrick, seemingly untroubled by his role as “Hitler’s American banker,” as LeBor describes him, moved on to become vice president of Chase National Bank after the war. The B.I.S.’s morally tainted wartime experience almost sank it at the 1944 conference at Bretton Woods, N.H., when Treasury Secretary Henry Morgenthau and Harry Dexter White, the lead American delegate to the conference, sought to liquidate it while setting up the postwar international system dominated by the World Bank and International Monetary Fund. But the B.I.S.’s powerful friends, including John Maynard Keynes, intervened to save it."

Legal status

The bank has a unique legal status which makes it tantamount to a nation state, explaining why it is listed as such on this website. This was clarified in 1987 under a legal agreement between the Swiss Federal Council and the BIS and gave the bank "inviolability", defined as follows: {{#subobject: |Has superobject=BIS |Has objectClass=Quotation |Has author=|+sep=, |Has text=“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.

2. The archives of the Bank and, in general, all documents and any data media belonging to the Bank or in its possession, shall be inviolable at all times and in all places.

3. The Bank shall exercise supervision of and police power over its premises.” |Is about=BIS,BIS, Switzerland|+sep=, |Has wikipediaPage= |Has location=|+sep=, |Has publicationDate=1987 |Sourced from= |Has sourceDetails=Agreement between the Swiss Federal Council and the Bank for International Settlements to determine the Bank’s legal status in Switzerland |Has sourceTitle= |Has sourceName= |Has sourceURL=

}}

“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.

2. The archives of the Bank and, in general, all documents and any data media belonging to the Bank or in its possession, shall be inviolable at all times and in all places.

3. The Bank shall exercise supervision of and police power over its premises.”
 (1987) 

Exposure

In 1983 Edward Jay Epstein published Ruling The World Of Money about the BIS.

References