Bank for International Settlements to be primary engine for global governance

[SiliconJon]

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 Hitler’s 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 Hitler’s Minister for Economic Affairs. Another BIS director during this period was Emil Puhl, who as director and vice-president of Germany’s 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. Rockefeller’s United States-based Standard Oil Co during the second world war.

Good luck stopping this train all ye with sleepy eyes.

[SiliconJon]

More BIS in the news:

$60 bln Greek debt vanish and it's not what you think | Reuters

ECB President Favors Global Governance « Forbes.com's Face to Face

Banks Cut Cross-Border Lending For Fifth Straight Quarter -BIS - WSJ.com

[Whir]

"Former" being the key word.

[SiliconJon]

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.