Bank for International Settlements

The Bank for International Settlements (BIS), established in 1930 in Basil, Switzerland, functions as the central bank of central banks. It is a private institution that serves as the apex of a global financial control system, fundamentally geared towards achieving a world system of financial control and, ultimately, global governance.

This powerful entity is owned and operated by the world's chief central banks, serving as a hub for their concerted actions and overarching strategies.

The BIS’s inception stemmed from the intricate post-World War I financial landscape. Its original, publicly stated task was to facilitate the reparation payments exacted upon Germany following the Treaty of Versailles. As the trustee for the German government’s international loans, it was ostensibly created to manage Germany's immense and ultimately unpayable debt. This included managing an initial obligation of $2 billion a year in interest, a figure deemed preposterous by many.

For instance, under the Dawes Plan (a JP Morgan production), Germany supposedly owed more at the end of five years of payments than it had at the beginning, a clear indication of the scam inherent in the system. The Young Plan, developed in 1929 and signed by twenty governments, stipulated reparations payments for 59 years, suggesting a strategy of perpetual debt slavery for the nation and its future generations. The creation of the BIS in 1930 was explicitly linked to this scheme, designed to assist in transferring reparations from German marks to foreign currencies.

However, the BIS’s role in reparations quickly became obsolete, revealing its true, underlying purpose: the fostering of cooperation between all member central banks. The façade of German reparations was merely a pretext for a more significant step towards global government, primarily achieved through monetary means. The Bank’s establishment helped implement a Federal Reserve-style system, characterised by a public front for private cartel families, serving as the core mechanism for constructing a global conspiracy.

At its core, the BIS operates as a central hub for financial manipulation and control. It allows international payments to be made by shifting credits from one country’s account to another on the bank’s books, effectively functioning through bookkeeping adjustments. This method, likened to using "two sets of books like the mob or front or shell corporation," enables the Bank to scam the countries that are part of its system. The power of the central banks, particularly those involved in the BIS, rests largely on their control of credit and money supply within their respective nations. On a global scale, the central bankers’ power is fundamentally rooted in their control of loans and the flow of gold.

The Bank is unequivocally described as a private institution, owned and controlled by the world’s most influential central banks, including the Bank of England and the New York Federal Reserve. Its governing board comprises the heads of these major central banks, who convene to make agreements on all major financial problems of the world, extending even to economic and political issues, especially regarding loans, payments, and the economic future of key global regions. This group, in conjunction with other powerful financial entities, forms the true "shadow government" of the Anglo-American establishment. The G7/G8 classification, for instance, is said to originate from the Royal Society, further illustrating the interconnectedness of these elite groups. Access to the BIS compound is highly restricted, with researchers reportedly monitored every second, reinforcing its private and secretive nature.

The strategic importance of the BIS lies in its capacity to implement a globalist plan for global government. This objective is achieved through various manipulative strategies:

• Manipulation of foreign exchanges: The BIS facilitates currency fluctuations and market rigging.
• Manipulation of Treasury loans: It controls government access to funds, thereby dominating political systems.
• Manipulation of currencies: It influences national monetary systems and their value.
• Manipulation of economic activities: It can game and rig markets, creating boom-bust cycles that benefit the private banking cartels rather than representing natural economic outcomes.
• Influence on cooperative politicians: Economic rewards are used to sway politicians, fostering a system where political office serves as a stepping stone to lucrative roles in the corporate world, perpetuating a lobbying and revolving door dynamic.

The system of global financial control orchestrated through the BIS is described as a "feudalist fashion," whereby central banks collectively dominate the political systems of every country. This approach is rooted in an internationalist agenda, shared by both financial capitalism and ideologies like Marxism and Bolshevism, suggesting a deliberate coordination of seemingly opposing forces towards a common end.

During the outbreak of World War II, the BIS assumed an even more significant role. Notably, some of its initial directors were prominent Nazis, including Walther Funk, Paul Hamann, Hjalmar Schacht, and Baron von Schröder. This highlights a level of collusion between seemingly adversarial powers, underscoring the deeper, unifying agenda of the financial elite. The BIS stepping in with a credit of 400 million marks, for instance, saved Germany's "big four banks" from complete collapse in 1931, illustrating its pivotal role in financial crises and the subsequent rebuilding of industrial capacities. This paradoxical act of crippling an industrial sector through economic warfare, only to rebuild it for later strategic purposes, is characteristic of the elite’s machinations.

The enduring legacy of the BIS lies in its continuous role as the "central bank of the central banks," perpetually facilitating a system where nations are ensnared in unpayable debts to private banking classes. This phenomenon, explicitly linked to the outcomes of major global conflicts like World War I and II, demonstrates how wars are effectively rackets that serve to place all participating nations under the debt of these financial cartels. The subsequent implementation of international institutions such as the International Monetary Fund (IMF) and the World Bank after World War II, along with the European Common Market and the G8/G20, further solidified this overarching strategy of global financial control. The BIS, therefore, remains a vital instrument in the ongoing pursuit of a consolidated, globally governed economic order, continuing to operate through manipulation of currencies, loans, and economic activity to maintain the dominance of the international banking establishment.

BIS & Crypto

The BIS has consistently viewed cryptocurrency as a threat to centralised control. Initially dismissive of crypto, it has evolved its stance to warning against its dangers. Augustine Carstens, head of the BIS, has publicly described cryptocurrencies as "a bubble, a Ponzi scheme, and an environmental disaster," further stating that they are unsuitable as a means of payment, a unit of account, or a store of value.

Despite these strong criticisms, the BIS has observed the growing adoption of crypto in nations like Turkey and Brazil, where citizens utilised digital assets to mitigate the effects of fiat currency depreciation, a trend labelled as "cryptoisation" that could undermine local monetary policies. While now adopting a more data-driven approach to understanding crypto usage, the BIS maintains that greater oversight and integration into existing or new regulatory frameworks are necessary to manage the perceived threat to central bank authority.

A primary initiative of the BIS is the global push for central bank digital currencies CBDCs. Although the demand for CBDCs was not evident in 2019, the surge in crypto popularity during the pandemic era transformed the BIS into proponents of CBDCs.

They promote CBDCs as a "safe, reliable, and publicly oriented alternative to private digital currencies". Central to this endeavour is the BIS Innovation Hub, established in 2019 to foster international collaboration on financial technology. This hub actively researches and runs pilot projects with central banks globally, including Project Nexus.

Project Nexus aims to unify disparate instant payment systems into a global network to reduce transaction costs and enhance speed and transparency for remittances, with an anticipated launch in 2026. While the project intends to create the equivalent of "internet protocols for payment systems," its official documentation notably omits any mention of blockchain or crypto, instead emphasising its role in opening "the door to alternative payments infrastructure such as CBDCs".

The BIS has affirmed that CBDCs will grant central banks "absolute control on the rules and regulations that will determine the use and the technology to enforce that". This drive for CBDCs is interpreted as a "land grab by the global financial order to neutralise the threat to centralised control posed by permissionless blockchains".

Recent research by the BIS, detailed in papers such as "Defying Gravity: An empirical analysis of cross-border Bitcoin, Ether, and stablecoin flows," provides insights into crypto's reach. This study highlighted that cross-border crypto flows reached a peak of $2.6 trillion in 2021, a sum roughly equivalent to 12% of the total global trade in goods for that year. Stablecoins, specifically USDT and USDC, constituted nearly half of this immense volume.

The research determined that transactional motives, particularly for remittances, are major drivers for stablecoin and low-value Bitcoin flows, where crypto effectively substitutes traditional methods that are often costly and slow. The study further demonstrated that geographical distance and conventional barriers have a significantly lesser impact on cross-border crypto flows than on fiat currency flows, indicating crypto has largely created a borderless financial system.

Additionally, capital flow management measures (CFMs) prove largely ineffective against crypto, as users can circumvent them, a phenomenon seen as fostering financial sovereignty and freedom, yet perceived by states as a loss of policy control and a potential threat to monetary sovereignty.

Another BIS study, "Distrust or speculation: The socioeconomic drivers of US cryptocurrency investments," explored the motivations behind cryptocurrency investments in the United States. While acknowledging that most individuals invest for profit, the study suggests that distrust in the existing financial system is not the primary driver for crypto adoption. This research also indicated that cryptocurrency holders are generally more educated than the broader population. A key finding is that the majority of cryptocurrency investors become long-term holders, which contributes to market stabilisation and enables assets like Bitcoin to function as stores of value.

The BIS's policy recommendations for cryptocurrencies advocate for heavy regulation, characterising them as "niche digital speculation objects". They propose "embedded supervision," a mechanism for tracking all participants on cryptocurrency blockchains and automatically blocking unauthorised transactions, which is viewed as a precursor to a cashless society dystopia. This regulatory approach underscores the ongoing tension between the decentralised nature of crypto and the BIS's objective to uphold a centralised, state-controlled financial system.