The bank to rule them all; the Bank for International Settlements is the most powerful and oldest global financial institution in the world. Established on May 17th, 1930, the Bank for International Settlements, commonly abbreviated as BIS, acts as the bank for central banks and other major international organizations like the World Bank and the International Monetary Fund.
The headquarters of the Bank for International Settlements is located in Basel, Switzerland. It also has two other offices, one in Hong Kong, China and one in Mexico City, Mexico.
BIS does not provide any of their services to private or corporate entities. According to the BIS website, their mission is simply this:
The mission of the Bank for International Settlements (BIS) is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.
The Bank for International Settlements provides an outline as to how they execute their objectives. The outline is as follows…
In broad outline, the BIS pursues its mission by:
promoting discussion and facilitating collaboration among central banks; supporting dialogue with other authorities that are responsible for promoting financial stability; conducting research on policy issues confronting central banks and financial supervisory authorities; acting as a prime counterparty for central banks in their financial transactions; and serving as an agent or trustee in connection with international financial operations.
If I carefully look over the outline provided by BIS, I cannot help but equate BIS to that of a CEO of a company and all other central banks and international organizations as lower executives. It appears that the Bank for International Settlements has a managerial and authoritative position relative to central banks. In short, it is the boss of bosses in this global financial pyramid.
Promoting Discussion and Facilitating Collaboration Among Central Banks & Supporting Dialogue with Other Authorities that are Responsible for Promoting Financial Stability
Like a boss who conducts meetings with employees to discuss objectives and orchestrates collaborations for the sake of getting a job done, the Bank for International Settlements does the very same with central bank officials and international agency executives. One of the functions of BIS is to orchestrate and host meetings. One such meeting is called “The Regular Meetings of Governors“. This meeting takes place at BIS once every two months and consists of central bank officials from around the world.
According to the BIS website, these meetings provide a venue for central bank officials to discuss the world economy and various financial markets, and to share ideas and thoughts openly about central bank business. It appears that the overall purpose of “The Regular Meetings of Governors” meeting is to grant participants a better understanding the status of the central banking community and their respective economies.
The Bank for International Settlements also conducts meetings with other international agencies as well as any local agency that as any influence on the financial stability of a country, region or even the world. It is safe to say that includes governments.
Conducting Research on Policy Issues Confronting Central Banks & Financial Supervisory Authorities
Like a boss who researches solutions and brainstorms with employees on how to best confront issues; like a boss who voices thoughts and opinions that greatly influence courses of action taken by a company, the BIS does just that with central banks and supervisory authorities. The Bank for International Settlements conducts research and analyzes economic data of various kinds to provide their insights and opinions to central bank officials during meetings like “The Regular Meetings of Governors”. The BIS will also provide their insights and opinions to supervisory authorities like governments.
Here are two examples of some of the insights BIS provides:
Member Central Bank List
As of October 2014, the Bank for International Settlements has more than 50 central banks as members to its organization and I do realize I’m being conservative with that number. It is my opinion that central banks are the most powerful institutions in a country, in most cases, and it is quite unsettling that all major central banks and then some all have membership with the Bank for International Settlements. Like major basketball teams that have memberships to the NBA, central banks have memberships to the BIS. The NBA has authority over the basketball teams and BIS has authority over the central banks.
Though I have yet to find BIS claiming to have regulatory power or authority over all member central banks, the fact that BIS is the bank for central banks leads me to believe that BIS has an authoritative position over its members. BIS must truly be near the very top of the financial pyramid.
So without further delay, here is the list of central banks that have membership to the Bank for International Settlements. You can find this list on the BIS website: (source)
Bank for International Settlements Is Above The LAW
The Bank of International Settlements is an institution that is free from all accountability from any and all national governments. Yes, that includes Switzerland too; the very same country where BIS is headquartered. According to the document titled “Agreement between the Swiss Federal Council and the Bank for International Settlements to determine the Bank’s legal status in Switzerland“, Switzerland is not allowed to do any of the following:
If you would like to see more of the freedoms this bank enjoys, check out this document.
All in all, the Bank for International Settlements is the bank with the highest authority in banking period. Acting as a hub for central banking business worldwide and as the only bank for over 50 central banks, BIS is an entity like no other. It oversees the discussions, planning and execution of monetary policies implemented by central banking officials worldwide. BIS offers insights, banking services, research data and advice to central bank monetary boards that will greatly influence global monetary policies and collaborations. BIS is exempt from paying a great majority of taxes, it is free from governance, free to take any action it deems fit without any intervention from any party; and it is free from police investigations.
I feel comfortable sharing the fact that I think the Bank for International Settlements and all its members are a dangerous den of powerful and corrupted financiers who may be making decisions and taking actions that are not in the best interest of the people on this planet. That’s my honest opinion.
The Bank of International Settlements is the bank of the banks, the top of the top, the headquarters of the money masters.