"gold-swap-signals-roadmap-ahead"

[Mx32]

Thought some of you RIers might find this story and some of the comments intriguing:

http://www.zerohedge.com/article/guest- ... dmap-ahead

[seemslikeadream]

Thanks

Banking with Hitler


This investigative film shows in detail the roles played by the Anglo-German banking Cartel (notably the Bank of England controlled by the Rothschild and the Chase National Bank controlled by the Rockfeller as well as the Harriman/Bush’s Bank) through the BIS the Bank of International Settlement not only before the war but during the war. The BIS was originally established in May 1930 by bankers and diplomats of Europe and the United States to collect and disburse Germany’s World War I reparation payments (hence its name).

On its board were key Nazis such as Walther Funk and Hjalamar Schact The president of BIS was an American, Thomas McKittrick, who readily socialized with leading Nazis. Not only the BIS, but other allied banks worked hand in hand with the Nazis. One of the biggest American banks (Chase Bank) kept a branch open in Occupied Paris and, with full knowledge of the managers in the U.S., froze the accounts of French Jews. Deprived of money to escape France, many ended up in death camps.

Former Nazi Bank To Rule The Global Economy

The global elite has chosen the Bank For International Settlements, which financed Hitler’s war machine, to boss the financial arm of the new world order

Paul Joseph Watson
Prison Planet.com
Friday, April 30, 2010
European Central Bank chief Jean-Claude Trichet’s announcement that the Bank for International Settlements is to become the primary engine for global governance is a shocking admission given the fact that this ultra-secretive menagerie of international bankers was once controlled by top Nazis who, in collusion with global central banks, funneled money through the institution which directly financed Hitler’s war machine.
During a speech to the elitist CFR organization earlier this week, ECB head Trichet said that the Global Economy Meeting (GEM), which regularly meets at the BIS headquarters in Basel, “Has become the prime group for global governance among central banks”.
The GEM is basically a policy steering committee under the umbrella of the Bank for International Settlements. In its current form, the BIS, which itself is not accountable to any national government, is comprised of banking chiefs from global central banks, most of which are private and also have no responsibility to their nation states or their citizens.
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.
Baron von Schroeder, the owner of the J.H.Stein Bank, the bank that held the deposits of the Gestapo, was also a BIS director during the war period.
As Charles Higham’s widely acclaimed book Trading With The Enemy, How the Allied multinationals supplied Nazi Germany throughout World War Two points out, several parties at the Bretton Woods Conference in July 1944 wanted to see the Bank for International Settlements liquidated, because its role in aiding Nazi Germany loot occupied European countries during the war. Norway called for the bank to be shut down, a view supported by Harry Dexter White, U.S. Secretary of the Treasury and Henry Morgenthau, but the BIS survived despite its highly contentious Nazi influence.
Higham writes that the BIS became, “A money funnel for American and British funds to flow into Hitler’s coffers and to help Hitler build up his machine,” founded by Nazi finance minister Hjalmar Schacht on the basis that the “Institution that would retain channels of communication and collusion between the world’s financial leaders even in the event of an international conflict. It was written into the Bank’s charter, concurred in by the respective governments, that the BIS should be immune from seizure, closure or censure, whether or not its owners were at war.”
(ARTICLE CONTINUES BELOW)

“The BIS was completely under Hitler’s control by the outbreak of World War II,” writes Higham. “Among the directors under Thomas H. McKittrick were Hermann Shmitz, head of the colossal Nazi industrial trust I.G. Farben, Baron Kurt von Schroder, head of the J.H. Stein Bank of Cologne and a leading officer and financier of the Gestapo; Dr. Walther Funk of the Reichsbank, and, of course, Emil Puhl. These last two figures were Hitler’s personal appointees to the board.”
Higham details how the gold looted from countries invaded by the Nazis was packed into vaults controlled by the Bank for International Settlements, and how Nazis who controlled the bank then forbade any discussion of the theft.
“The BIS was an instrument of Hitler, but its continuing existence was approved by Great Britain even after that country went to war with Germany, and the British director Sir Otto Niemeyer, and chairman Montagu Norman, remained in office throughout the war,” writes Higham, explaining how Washington State Congressman John M. Coffee objected to American money being invested with the bank in 1944.
“The Nazi government has 85 million Swiss gold francs on deposit in the BIS. The majority of the board is made up of Nazi officials. Yet American money is being deposited in the Bank,” complained Coffee.
In 1948, the BIS was finally compelled to hand over a mere £4 million in looted Nazi gold to the allies, and thanks to people like Harry Truman and the Rockefeller family, the bank was not dissolved. One of its most influential directors, Nazi banker Emil Puhl was later invited to the United States as a guest of honor in 1950.
Despite its inglorious past, the Bank For International Settlements continues today as a major management arm of the global elite. The bank wields power through its control of vast amounts of global currencies. The BIS controls no less than 7% of the world’s available foreign exchange funds, as well as owning 712 tons of gold bullion, presumably a sizeable portion of which is the bullion which was stolen from occupied countries by the Nazis who controlled the bank during the war.
“By controlling foreign exchange currency, plus gold, the BIS can go a long way toward determining the economic conditions in any given country,” writes Doug Casey. “Remember that the next time Ben Bernanke or European Central Bank President Jean-Claude Trichet announces an interest rate hike. You can bet it didn’t happen without the concurrence of the BIS Board.”
The BIS is basically a huge slush fund for global government through which secret transfers of wealth from citizens are surreptitiously handed to the IMF.
“For example, U.S. taxpayer monies can be passed through BIS to the IMF and from there anywhere. In essence, the BIS launders the money, since there is no specific accounting of where particular deposits came from and where they went,” writes Casey.
The fact that top Nazis were intimately involved in the activity of a global central bank that is now being touted as the primary powerhouse of the economic arm of world government is frightening. Every time we delve into the origins of the march towards world government, we find that top Nazis were instrumental in setting up and managing the same institutions that today seek to manage the imposition of global government.
Just as with the institutions that comprised the embryonic stages of the European Union, Nazi fingerprints are all over the origins of the move towards a global authority ruling the planet with nation states and sovereignty playing second fiddle. This fact demolishes any notion that global government is benevolent, humanitarian or progressive. Centralization of power into the hands of the few is inherently undemocratic, elitist, and to the detriment of the people.
The Nazis who breathed life into the same framework of global authoritarianism being used to set up world government today may have been usurped by an elite altogether more patient in their bid to impose a dictatorship run by banking dynasties, but the ultimate agenda remains the same – world government by consent or conques

[Wombaticus Rex]

^^Damn, thanks for that dose. Never knew.

[ninakat]

Thanks Mx32. Recently, Jim Rickards was interviewed on King World News and was talking about how the SDRs (the IMF's Special Drawing Rights) could become the new world currency, without any gold backing. That's contrary to what the author, Gordon T. Long, is suggesting in his piece. So who knows, but I'm convinced that they see gold as the enemy -- it's the one currency they cannot control. For that reason, I'm leaning more towards Rickards' opinion. Time will tell I guess. Bottom line though: whatever they decide, it won't benefit the people.

Jim Rickards interview on King World News
June 14, 2010

In this interview Jim discusses his recent meetings at the US Treasury and the FDIC, the fact that we are headed towards a one world currency and bank, that the G-20 and IMF do not want it to be backed by gold, that he thinks any green shoots will be stomped on immediately and much more.

+ + +

Regarding the recent CFTC hearings and gold manipulation, here's a thread I started on that, which might interest you:

Largest Fraud in History? (whistleblower Andrew Maguire)
viewtopic.php?f=8&t=27688&start=0

[seemslikeadream]

Nice avatar ninakat

[anothershamus]

Mervyn King?!!!!! We really are in the matrix!

[Occult Means Hidden]

So who knows, but I'm convinced that they see gold as the enemy -- it's the one currency they cannot control. For that reason, I'm leaning more towards Rickards' opinion.

I mostly disagree with this statement. I've seen this opinion touted as THE adequate answer to our social ills: returning to gold-back currency. Like any other commodity on the market - gold can be cornered on the market and manipulated. It has been cornered and manipulated in the past. It still is cornered and defrauded. The very history of the United States' departure from a gold-backed currency, clearly elucidates how easy it was to manipulate on behalf of monied interests. The difference is that a Fiat currency is even more malleable to the whims of the monied class and even less likely for it to be localized beyond their control.

[ninakat]

Occult, I actually agree with you. I'm not one of those Ron Paul types, FYI. Sure, they do manipulate gold, and always will. But it's a question of degree, as you pointed out -- and I shouldn't have made my statement so black and white as to sound all gaga for gold. But regardless, the fact remains that it is the only currency that has withstood the test of time. And it's probably the only safe haven left, currency-wise. Is it the answer for societies? No, we're beyond answers and solutions at this point.

And it'll still be interesting to see the roadmap ahead, and since I do believe they see gold as the enemy since it's less controllable, my expectation is that they will attempt even more controls on it as the economy crashes. Hence, my leaning towards Rickards being right -- a signal to me that they have other plans for gold (confiscation, taxation, etc.).

[ninakat]

SLAD, cheers from the milk bar.

[norton ash]

I wish I could remember and gather the sources, many of them quite old, that suggest that gold-on-paper (certificates, etc.) no longer has any relation to the reality of gold-as-metal. Similar to how a bank runs out of cash and holdings during a run, as what they claim as assets on paper has very little to do with what's really in the vault.

In other words, tons more gold is 'owned' than actually exists.

Which is why the real gold bugs have ingots and bricks buried or hidden, and have no faith in paper.