Wake Up Call
The World’s Shadow Power Structure Brought to Light
The flow chart to the right depicts the actual hierarchy that exists in our capitalist society. Above is a brief summary of the banking powers that run our world and influence events.
Bank of International Settlements (BIS) - Established on 17 May 1930, the BIS is the world's oldest international financial organization. As its customers are central banks and international organizations, the BIS does not accept deposits from, or provide financial services to, private individuals or corporate entities.
The BIS mission statement:
* Aims at promoting monetary and financial stability
* Acts as a forum for discussion and cooperation among central banks and the financial community
* Acts as a bank to central banks and international organisations
International Monetary Fund (IMF) - The International Monetary Fund is an organization of 185 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
The IMF was conceived in July 1944, when representatives of 45 countries meeting in the town of Bretton Woods, New Hampshire, in the northeastern United States, agreed on a framework for international economic cooperation, to be established after the Second World War. They believed that such a framework was necessary to avoid a repetition of the disastrous economic policies that had contributed to the Great Depression.
World Bank - The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the common sense. We are made up of two unique development institutions owned by 185 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Each institution plays a different but collaborative role to advance the vision of an inclusive and sustainable globalization. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Together we provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management.
Central Bank Hub - Appoximately 154 central banks from countries around the world make up this body that serves as not only as their corresponding countries central banks but also as the regulatory body for the Bank of International Settlements, International Monetary Fund, and World Bank.
Askari’s Commentary
As you can see in their mission statements, each of these entities are supposedly dedicated to helping reduce poverty, increase employment, and ensure financial/economic stability. These entities have the power and ability to EASILY accomplish their stated missions but have failed miserably as evidenced by the current manufactured global economic crisis. One of the biggest problems with each of these organizations is that there is redundant membership of the regulatory bodies in the form of each country’s central bank as a both a regulatory representative and member. How can there ever be checks and balances when citizens have no input or oversight authority over these banks that exert so much control over their prosperity and well-being?
