News & Analysis
End Central Banks' BIS Boss, Too?
BIS: Lending To Developed Country Banks Falls by $296B ... Banks cut their international lending to each other during the second quarter, and in particular to lenders in the U.K. and the U.S., according to a report by the Bank for International Settlements. The BIS report released on Wednesday said total cross-border lending fell $185 billion, or 0.6%, in the three months to the end of June, to $35.6 trillion, compared with the first quarter. Cross-border lending rose $634 billion in the first quarter. – Dow Jones
Dominant Social Theme: What's the BIS? We can't keep track of all these nonsensical international organizations ... What does the BIS do? What does the B stand for? Is it a global bowling league?
Free-Market Analysis: The Bank for International Settlements is the organizing force behind central banking around the world. In this article from the Dow Jones newswire, excerpted above, we can see that the BIS is an authority on central banking, reporting on currency flows and the activities of the 100-plus central banks that basically report to it.
What exactly is the BIS? it was established in 1930 initially but underwent changes throughout the 1930s and even after World War II as well. David Rockefeller was apparently intimately involved with the BIS and its workings as he and his family were, as well, with the creation of the IMF, the World Bank and of course the UN, for which they donated land.
There is a good deal of danger in having one man so intimately involved in every part of the modern world structure, and this may be a reason for the current state of global affairs. Perhaps in the 21st century a more sane system can emerge. Here is Wikipedia on what the BIS is and does:
The Bank for International Settlements (BIS) is an intergovernmental organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government. The BIS carries out its work through subcommittees, the secretariats it hosts, and through its annual General Meeting of all members. It also provides banking services, but only to central banks, or to international organizations like itself. Based in Basel, Switzerland, the BIS was established by the Hague agreements of 1930 ... It has representative offices in Hong Kong and Mexico City.
What is perhaps most interesting is that the BIS was established by international Hague agreements but is "not accountable to any national government." Just who IS the BIS accountable to? The BIS's establishment and continued operation is as good an evidence of any of the shadowy clique of banking families that are attempting to run the world behind the scenes.
in fact, the BIS is seemingly part of a larger elite dominant social theme having to do with the "good gray men" who work in the vineyards of central banking. These men are not to be noticed and thus the idea is perpetuated that they and central banking itself are but minor aspects of the modern financial system. If people want to change the way the system works – and reconfigure the current money system – the BIS itself should be addressed.
The BIS has a very low profile, but this belies its importance. Not only does it coordinate central banking policies around the world, it is so important that BIS couriers, by international law as we understand it, are not to be stopped or searched. This alone shows the tremendous power the BIS wields, or rather the Anglosphere power elite that set it up. And the money flows themselves tell a tale about how the financial world really works. Of course, you have to read between the lines ...
Lending to banks in developed economies fell $296 billion. Lending to U.K. banks fell $94 billion, while lending to U.S. banks fell $128 billion. Lending to German banks fell $25 billion. By contrast, lending to developing economies rose for the ninth consecutive quarter, by $145 billion. That was a slower expansion than in the first quarter, when lending rose $194 billion. Lending to borrowers in China, including banks, rose $68 billion, to Brazil by $22 billion, and to India by $9 billion.
We can see here that BIS movers-and-shakers are quite aware of how capital flows are circulating around the world. They are ebbing in developed economies and flowing toward the BRICs. This means that money shortages will inevitably make the problems of Europe more severe, while additional currency in the BRICs will aggravate price inflation problems.
So ... tougher times ahead. Unfortunately, you will not read about such money flows (or the BIS itself) in the mainstream media generally and certainly from a news standpoint. You are far more likely to be educated about Lady Gaga's outfits than on the BIS in today's world.
And certainly the powers-that-be like it that way. They would prefer that people are NOT educated about fiat money and central banks, even though it is the world's ubiquitous modern system and a problematic one. Without commodity backing, paper money merely ratchets around the world in search of the highest return. It can be printed in ever larger quantities to maximize "profits" and the BIS supervises this endless inflation.
For this reason, as well, the BIS often sends out defensive or warning press releases to ensure that its leadership looks responsible and concerned about the various distortive impacts of money printing. One such release (as part of its annual report) was issued back in June 2011 and summarized by The Australian. Here is part of the article:
Age of cheap money must end, warns Bank of International Settlements ... Rising labour costs in emerging countries threaten to set off a global inflationary spiral similar to the one triggered by escalating food prices in the 1970s, the Bank for International Settlements warned today. "Against this backdrop, central banks must remain highly alert to a build-up of inflationary pressures," the bank said in its annual report.
Central banks should stay tough against price rises even if this approach would seem to be incongruous with conventional estimates of slack in the domestic economy and price trends, the bank said. "All in all, still we continue to see that monetary policy is too accommodative," but "it doesn't mean we call for raising rates in each country," BIS general manager Jaime Caruana said in response to a journalist's question at a brief media conference concluding the bank's annual general meeting ...
Though the situation is different from that in the 1970s, monetary policymakers may confront challenges similar to that era of spiraling prices, the BIS wrote ... The bank also cautioned advanced economies against prolonging the loose monetary policy many deployed during the financial crisis, saying this likely has been an important factor in recent "large capital flows to emerging market economies."
Once again, we can see here how the BIS positions itself as a responsible moderator. This is especially ironic as central banks are inflation PRODUCERS. No central bank, no modern money inflation. The BIS and central banks in general don't want people to realize that central banks are the source of the inflation, not the cure.
Of course, in the era of the Internet Reformation, this is increasingly difficult. Nearly two years ago we predicted that the Fed and central banking generally were in a great deal of trouble from the standpoint of elite dominant social themes. We argued that the moral case for central banking had collapsed because the Internet had revealed - as mainstream media did not - the sheer outrageousness of how the system really worked.
The BIS so far has been immune to criticism because its leadership keeps such a low profile. But it is a central organizing part of the larger problem and we figure sooner or later its turn will come. In asking the question "End the BIS, too?" we are merely prompting examination of the issue by interested parties. Now it is true that we may not have a great deal of clout in the larger scheme of things, but we can certainly work to bring such facilities as the BIS to the fore where others can examine them for themselves.
Conclusion: The BIS is indeed big stuff. Because the BIS's influence is so pervasive with at least 100 big central banks around the world, some might consider that global governance is already a fact. Money is the most important factor in social control and central banks print the world's money. This alone should mean that people ought to be paying more attention not just to individual central banks but to the central bankers' bank – the BIS. And to trying to figure out a way to do away with it, or at least moderating its influence. Why on earth do BIS workers apparently have global immunity? That might be a good place to start.
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Posted by 4irw4y on 10/23/11 02:05 PM
alexsemen: "People and the truth always loose , certainly loose" -
People and the truth are booze , certainly booze !
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Posted by Dave Jr on 10/23/11 11:05 AM
Good one! Truth can be covered up, but never destroyed. Likewise, deception requires a consant input of energy to exist. Time is on the side of truth, and time always wins.
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Posted by amanfromMars on 10/22/11 09:53 PM
It is indeed fortunate, alexsemen, your expressed impotence is not contagious and viral. And the truth never ever loses, and it sets you free to live rather than slave.
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Posted by alexsemen on 10/22/11 04:46 PM
DB quote: "BIS) is an intergovernmental organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government. is as good an evidence of any of the shadowy clique of banking families that are attempting to run the world behind the scenes.
You are far more likely to be educated about Lady Gaga's outfits than on the BIS in today's world."
Ya, ya, Internet !!??
Telling the truth !!??
People knows … and what !!
They've produced the abominable "Western Democracy " and later WWI, Bolsheviks Revolution , first Big Crisis ,they created Hitler's Nazi perfect German typical bull-shit , they created WWII ,they sold to Stalin 1/2 of Europe, after they installed there the criminal Jew's Bolshevism, they dismantled again on order their false Communist monster, they created the actual crisis in one perpetual never ending Hegelian story ! Because always they have the Power , all power could be imagined and as the sick nazisociopaths wants.
Everyone knew this all about , they knew even the last peasant I've meet knew the truth in East Europe , without fucking experts from USA University professors, Internet or not... whatsoever they knew who's the Big Boss... and what people can do about it !
Nothing at all. Anyhow people must die.
Because the Banks and Rothschilds must be richer and the Earth must be inherited by the 'Chosen people 'which by any coincidence are the Jews !
Banks need as much dead people as much money they want.
Nothing and nobody could stop this Bankster's and Banks Frankenstein Monster !
Nobody !Nothing will stop them !
From every riot and revolt or Jaquerries , mutiny and all kind of revolutions al long since history, they grew up stronger and stronger and now they are thousands time stronger then it is necessary to control everything and kill us all as they like !
People and the truth always loose , certainly loose !
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Posted by amanfromMars on 10/22/11 03:50 PM
Here a song for these crazy times ... http://youtu.be/vc0m7e4UnIY
But you can be assured that there are moves afoot which will blow you away with their audacity and perspicacity.
" But my story is now focused on Mums for some reason, which continues here " ... . Posted by Agent Weebley on 10/22/11 08:26 AM
Please Mums, and Heavens' doors open, is a good enough reason to stay focussed on their pleasure as a fabulous treasure, AW. Godisagoddess ur2die4 indeed.
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Posted by Dave Jr on 10/22/11 10:44 AM
I for one will not be running for the hills. From where I stand, I can produce food, draw water, heat my home and defend it for a while. If there is anyone left not swirling the porcelain disposer of manufactured reality, I have a range of skills to continue contracts of luxuries as electricity and motorized transport. What I am unable to solve is, confiscation by monopolies of force without surrendering my childrens inheritance, which forces me to play your game. How much fun is winning against a hog tied opponent?
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Posted by Dave Jr on 10/22/11 10:15 AM
One day the gamesters will discover their game pieces have no nutrition, and their issue was a lie.
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Posted by Agent Weebley on 10/22/11 08:26 AM
Small SMART group steps mean we step on no cracks and . . .
I see you went here
Click to view link
which is pretty funny
. . . but I suggested Angoose come here . . . from over here
Click to view link
But my story is now focused on Mums for some reason, which continues here
Click to view link
The Aston Martin Rapide. I remember that AbFab car. It seems like a distant memory now. Lucy will not let me go back there, because there cureently is nothing physical there for us there . . . arrgh!
But all I want is for people to see all us here.
Click to view link
This is surely a Glass Onion here today.
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Posted by Pete 8 on 10/22/11 08:05 AM
So tearing down some houses cannot be done, agreed wholeheartedly, I dont want my place levelled either and the conversion forth must prove its own merit. Hence the gradual conscious approach.
Is intelligence is like an onion - every chef chops uniquely, despite some sharing a style?
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Posted by Pete 8 on 10/22/11 07:57 AM
So the leaderless functioning unit wins by point of difference and longer-term compatibilities and efficient directness, politeness, ease.
Because it isnt really about a he or she, rather a we, and the material passing through that see. I am not needling here.
Colossus & Guardian are an unintended, simplified redundant security system, 2 keeping an eye on each other. SMART.
3+way methodologies (ternary) and creating an even grainier level of distributed (p2p-like) redundancy, offering smaller impact upon failure etc. Less restricted to the the polarising, paralysing 'us vs them' dogma.
That road in the pic looks like a nice venue for the Aston Martin :)
A methodology of protocol that univerts not only wetware but soft on soft too to proceed at speed due to direct vectored edutainment.
And even in towers and bunkers where the mental compartments are compartmentalised and the security is classified and the eggs get overfried, does the same equation expect to hold true.
And a whole load of shots utterly failed to ring out, they did not all drop dead.
They actually had a ball with the tables laid at the same level for a safe discussion.
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Posted by Agent Weebley on 10/22/11 07:04 AM
There are over 90 current ARGs that have many Mums that need to be advised that we need no leaders here.
Notice in the following picture . . . the permanent connection between Colossus and The Guardian.
Click to view link
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Posted by Agent Weebley on 10/22/11 06:43 AM
Hi Pete 8
Love that pre-HFCS or Aspartame/formaldehyde gem. People must stop drinking that Donald Rumpelstiltskin brew, so the mind can clear up a little.
Click to view link
Safety for all . . . too true. There is more than enough gold already allocated to those that will need it . . . for any 1 needing to run for them thar hills to eke out the remainder of their now little lives . . . or maybe they will drive their feet into the ground instead . . . who knows? It is out of our control.
Click to view link
We just have to ensure that each Number 6 knows that there is more to life than retribution.
Click to view link
I must find that fencing Game clip . . . processing . . .
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Posted by Pete 8 on 10/22/11 06:26 AM
ARGs are most accessible when geared for usage by 8 yr olds+.
Click to view link
Reply from The Daily Bell
A musical link ...
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Posted by Pete 8 on 10/22/11 06:12 AM
Sorry I had wandered off - but I return having felt that sensation something was happening here at the DB again.
I'm all ears Agent Weebley; Et tu Brute just jest & joust such knights?
Safety for even those we moan most about is of utmost importance. Do unto others as funky a salad as you would meat...
With an amnesty, a whole load of shots didn't ring out, and they all carried on living more happily thereafter.
Great Game that, having someone to talk to who doesnt fall down :)
Click to view link
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Posted by Agent Weebley on 10/21/11 10:09 PM
Hi Pete 8.
Are you there?
Click to view link
I need to ask you a question. I could google it, but . . .
OK, just in case you have wandered off . . .
Click to view link,_Brute%3F
It should have been Et tu Brute . . . but I was using it in the context of a fencing lance with that little ball on the end . . .
Like The Prisoner. Remember the fencing game?
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Posted by Agent Weebley on 10/21/11 09:46 PM
I never really did answer your question directly, as I really have a hard time staying on topic. So, before I get sidetracked
Click to view link
which is a symptom of, I would say, too much to say, so keeping a lid on things is my toughest challenge . . . I just google groups of connected words indiscriminately . . . to see what the results will be . . . just for fun.
It's even more fun to search YouTube, as the results can be really obtuse.
I feel like a Colossus of a Computer, scanning the world for contextual information . . . I spend a lot of time searching the Guardian site too.
Am I weird, Dave Jr?
Take my last comment . . . please . . . I was going to put a French song in place of the song I used.
Here it is . . . it's soooooo cool!
Click to view link
But I did not play it at the time, in case the OWS take it and use it as a musical mascot. But that probably wouldn't happen, because they are individuals that cannot be controlled . . . right?
They actually should use "Up To The Roof" by Blue Man Group instead, as that song has the coolest lyrics.
You should search for these things yourself, Dave Jr.
OK, I did it for you:
Click to view link
Es tu Brute
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Posted by Agent Weebley on 10/21/11 09:15 PM
Hi Dave Jr
This is the yummy menu on the table at the IMF.
Click to view link
The IMF gets crispy new fiat in waves from all those countries on that list, including insolvent Portugal, Ireland, Italy, Greece, Spain, then the IMF lends it back to them (and others) at interest. We call that kiting in the trade . . . slightly illegal and very short term monetary action.
Note that every crispy new unit of generated sovereign fiat has interest attached, because they are created under the guise of "bonds" or "gilts" or some such shell game.
This debt laden soup is then presented as a delicacy at IMF soup kitchens, as long as the sovereign recipient sings for their supper. The IMF mandates that each bar must be sung in a higher octave than the last one . . . not sure why . . . maybe freshly squeezed is also on the menu?
Click to view link
Oh, sorry. I can't help myself.
The IMF lends currency back to . . . let's say Ireland . . . at interest. This is not logical, as a nation gives money away while paying interest on that disappeared money, and then they borrow the money back and pay more interest to the IMF!
I believe the PE is practically begging us to act now, as we are way along the y=x squared graph (y=x^2)
Click to view link
As DB mentioned earlier today, we need an alternate currency now.
As I am mentioning now, we do not need anyone's permission for this currency to be created, as it will be "the people's money" . . . impenetrable by the PE and solid as a rock.
Click to view link
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Posted by Pete 8 on 10/21/11 08:36 PM
Must have been scary all those years ago for those people to have evidence against each other of such massive crimes, as their protection from each other. A bit silly, but in plain sight nevertheless.
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Posted by Pete 8 on 10/21/11 08:29 PM
Indictably, settlement implies conflict; problem is for these pricks provably have/had 'foreknowledge' of the genocidal events that the Internet Reformation enlightens us to. (©Click to view link).
And as an ongoing process, when operating with prescience, makes it's owners and investors, power and profit from extreme prolonged conflict.
Is this so close to the root of the problem is it not, the nexus of financial, legal and oligarchical control?
The first and last to profit from war, divvying up the financing for war-build-ups via auction in the back rooms of the 'trade-talks' all facilitated by goat-rapers. The ICC crete the playing field, these pricks fund both/all sides of war & MIC etc, and make sure that thye genocide pollution and exploitation 'is done according to law and by masonic protocol.'
The smiles in the photos make it all seem so genteel with pen poised over paper, some behind of them show the whites of, not being comfortable in the same frame with their own monster-creations unique moustache central.
And guess who they serve?
But just to pull the collective face from the toilet for a moment..
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A simple guide:
Worship a dead thing: 'corp-se-oration or non-living being...
OR
Worship living things, the greatest of which is our unanimous aggregate, kinda overpowers a few church business model too.
Is any other smaller group merely a distraction?.
Easy choice for the conventionally aspirated meek, who inherit quITe a Kingdom after Power EliteBIX eat selves for breakfast on first day of camp.
Which will be televised, WOW COOL - now that's Entertainment!
Dont worry folks - we survived the last few billion years without the BIS/ICC & lodges etc. Theirs is but a brief passing aberration.
Life's rich tapestry twists and turns like DNA.
Change the needle DJ, to a different beat, we can all weave a stronger magic carpet than ever before, with many hands finally making Light work.
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Posted by Dave Jr on 10/21/11 01:27 PM
I would like to know where the BIS (and IMF) get their funds for international lending. If it is the deposits of individual central banks, then by what legitimate mechanism do they pull it out of their economies. It probably is the imbalances of trade. Therefore, manipulated / fixed / nonleveling exchange rates work in their favor. The base of power.
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