THE BANKERS’ COUP : THE BANK OF ENGLAND PASSES THE BATON TO THE BANK OF INTERNATIONAL SETTLEMENTS
The modern global central banking system originated in the City of London, with the Bank of England at its apex : but when World War I exhausted England’s financial resources, the apex moved to the Bank of International Settlements in Basel which is controlled by a secretive few.
(Composition of the Board of Bank of International Settlements – includes a current and former governor of the Bank of Israel and headed by the current Governor of the privately owned Federal Reserve of America.)
The grand idea was that one single institution would make the decisions, which would determine the economic policy of the world. The bankers were to be the supreme rulers.
The privately owned international banking network has a far reaching aim : nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be tbe Bank of International Settlements in Basel, Switzerland.
The key to its success was that the international bankers would control and manipulate the money system of a nation while letting it appear to be controlled by the government.
The goal was to establish an “independent” central bank in every country- meaning one that was independent of government and subject to the control of the Bank of International Settlements. Today this goal has largely been achieved. Governments borrow money from central banks to pay their debts and fund operations. The result is a global economy in which not only industry but government itself runs on credit (or debt) created by a banking monopoly headed by a network of central banks that are independent of the dictates of government, and the top of this network is located at BIS, the “central bank of central banks” in Basel.
Coming soon : Japan Ministry of Finance vs. the Bank of Japan: A Decades-long Struggle for power.
An Islamic Monetary Reformist’s Take cum Edited Excerpts from Ellen Brown’s From Austerity to Prosperity- The Public Bank Solution
Islamic Monetary Reformist
Muhammad Zahid Abdul Aziz
Note: The Islamic solution will be bespoke with its required parameters.