Taking Back Our Stolen History
HISTORY HEIST
World Bank, IMF, & BIS
Victoria grant, student speaker, describes how poverty is a tactic and is purposely created by the worlds largest money handlers. There is a triad of …

World Bank, IMF, & BIS

Victoria grant, student speaker, describes how poverty is a tactic and is purposely created by the worlds largest money handlers.

There is a triad of monetary powers that rule global money operations:

  1. the International Monetary Fund (IMF)
  2. the World Bank
  3. the Bank for International Settlements (BIS)

The widely know and acclaimed International Monetary Fund (IMF) and World Bank are reported by the media as lending much needed funds to third world countries so they can further develop. This is a lie. In fact, the IMF and World Bank have through indebtedness enabled the complete destruction, control of the economies, and raping of the resources of developing nations. As demonstrated by John Perkins in his book Economic Hitman this was a planned and coordinated effort for control, domination and impoverishment of the developing world.

Although they work together very closely, it is necessary to see which part each plays in the globalization process. The International Monetary Fund and the World Bank interact only with governments whereas the BIS interacts only with other central banks. The IMF loans money to national governments, and often these countries are in some kind of fiscal or monetary crisis. Furthermore, the IMF raises money by receiving “quota” contributions from its 184 member countries. Even though the member countries may borrow money to make their quota contributions, it is, in reality, all tax-payer money.5

The World Bank also lends money to governments and has 184 member countries. Within the World Bank are two separate entities:

  • the International Bank for Reconstruction and Development (IBRD)
  • the International Development Association (IDA)

The IBRD focuses on middle income and credit-worthy poor countries, while the IDA focuses on the poorest of nations.

The World Bank is self-sufficient for internal operations, borrowing money by direct lending from banks and by floating bond issues, and then loaning this money through IBRD and IDA to troubled countries.6

The BIS as central bank to the other central banks, facilitates the movement of money. They are well-known for issuing “bridge loans” to central banks in countries where IMF or World Bank money is pledged but has not yet been delivered. These bridge loans are then repaid by the respective governments when they receive the funds that had been promised by the IMF or World Bank.7

The IMF has become known as the “lender of last resort.” When a country starts to crumble because of problems with trade deficits or excessive debt burdens, the IMF can step in and bail it out. If the country were a patient in a hospital, the treatment would include a transfusion and other life support measures to just keep the patient alive — full recovery is not really in view, nor has it ever happened.

One must remember that rescue operations would not be necessary if it were not for the central banks, international banks, the IMF and the World Bank leading these countries into debts they cannot possibly ever repay in the first place.

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BIS  IMF  World Bank

Chronological History of Events Related to the World Bank, IMF, & BIS

The Hague Agreement of 1930: The Formation of the Bank of International Settlements by the Central Banks Under the Auspices of German Reparation Payments for WWI

The Hague Agreement of 1930: The Formation of the Bank of International Settlements by the Central Banks Under the Auspices of German Reparation Payments for WWI

The formation of the BIS was agreed upon by its constituent central banks in the so-called Hague Agreement on January 20, 1930, and was in operation shortly thereafter. According to the Agreement, The duly authorized representatives of the Governments of Germany, of Belgium, of France, of the United Kingdom of Great Britain and Northern Ireland, of Italy and of Japan of the one part. And the ...
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