April 30th, 2010, 10:18 AM #1
Bank for International Settlements to be primary engine for global governance
Former Nazi Bank To Rule The Global Economy
The board of directors who control the BIS include Federal Reserve chief Ben Bernanke and Bank of England head Mervyn King, as well as Trichet himself.
So how did the Bank for International Settlements get started? The BIS was founded in 1930 by Governor of The Bank of England, Montague Norman and his German colleague Hjalmar Schacht, who later became Adolf Hitlerís finance minister.
The bank was initially founded in order to facilitate money transfers related to German reparations arising out of the Treaty of Versailles, but by the start of the second world war, the BIS was largely controlled by top Nazi officials, people like Walter Funk, who was appointed Nazi propaganda minister in 1933 before going on to become Hitlerís Minister for Economic Affairs. Another BIS director during this period was Emil Puhl, who as director and vice-president of Germanyís Reichsbank was responsible for moving Nazi gold. Both Funk and Puhl were convicted at the Nuremberg trials as war criminals.
Other BIS directors included Herman Schmitz, the director of IG Farben, whose subsidiary company manufactured Zyklon B, the pesticide used in Nazi concentration camp gas chambers to kill Jews and political dissidents during the Holocaust. IG Farben worked closely with John D. Rockefellerís United States-based Standard Oil Co during the second world war.
April 30th, 2010, 10:59 AM #2
April 30th, 2010, 03:12 PM #3
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"Former" being the key word.
April 30th, 2010, 04:01 PM #4
You did read the article, yes? I could see the bank perhaps being nothing of the sort it used to be, though I would like to see evidence as such. Were those atop this institution removed and their culture amended from the firm? Were those below the war criminals during their reign of similar culture, and does it survive? How was this firm's internal culture tied to the Nazi culture?
I can't dismiss the Nazi affiliation so easily as a single word, former, particularly if all it might infer is the former Nazi party.
Last edited by SiliconJon; April 30th, 2010 at 04:05 PM.
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