The Bank for International Settlements

created in 1929-30

as a consequence of the

Dawes and Young Plans

to facilitate German WW1 reparations

and to promote central bank cooperation

Montagu Norman

-Governor of the Bank of England-

was the driver for 'central bank cooperation'

1931 Hoover Moratorium cancelled

the German debt

allowing the BIS

to focus on central bank cooperation

The First Annual Report of the

Bank for International Settlements - BIS

lists the following seven banks

Banca d'Italia, Rome

Bank of England, London

Banque de France, Paris

Banque National de Belgique, Brussels

Reichsbank, Berlin

Industrial Bank of Japan, Tokyo

J.P. Morgan, New York

The First National Bank of New York

The First National Bank of Chicago, Chicago

the last three jointly held the shares of

Federal Reserve Bank of New York

Japan lost its shares in the BIS

in the 1952 Treaty of Peace with Japan

The remaining six banks' governors

plus a nominee from each governor

are the twelve permanent directors

comprising total executive control

of the BIS

The Bank for International Settlements

is under a 1944 UN resolution

for its liquidation

"at the earliest possible date"p42 (48)

due to its transferring

looted assets back to the German Reich

President Roosevelt was in favour

of the Resolution for the liquidation

however he died and the Resolution was held up

-and continues to be-

by the US Department of State

The BIS falsely claims that

the Resolution for its


was "put aside"

The Resolution

for the liquidation

of the BIS is in effect

It would require the UN committee

to reconvene and "officially"

withdraw the resolution

That did not happen hence

a major misrepresentation

of the truth

The BIS held no board meetings (1939)

during World War Two

American banker Thomas McKittrick

was the President of the BIS

from January 1940 to June 1946

-the entire time looted assets

were transferred from occupied territories

back to the Reich

The Reichsbank

-the central bank of Germany-

was privatized by the Occupation Forces

occupying the Rhineland in 1922

Gates McGarrah

A Federal Reserve Bank of New York director

was the American director

of the general council of the


after privatization (Career 3rd par)

The Fed was represented

on the General Council

of the Reichsbank

beginning in 1922


the Reichsbank allowed

'short selling'

German marks

creating the hyperinflation

which destroyed the mark's value

as well as during Germany's rearmament

until 1937 when Hitler

brought the Reichsbank

back under government control

Dr. Hjalmar Schacht

-Governor of the Reichsbank-

"was appointed General Plenipotentiary

for the War Economy in May 1934 and was awarded

honorary membership of the Nazi Party

and the Golden Swastika in January 1937."

-Gates McGarrah-

sat on the board of Germany's

central bank while preparations

for war were well underway

Copyright: Guy Hawkins Powell River BC Canada 2022 reposted under Fair Use Doctrine - news - research - education - commentary