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Honorable Madam Chair, Judiciary Committee Members, Montana House of Representatives

The Amero




Writing April 1 2006

Willow Creek, Montana (most current edit: February 27, 2007)


Honorable Madam Chair, Judiciary Committee, Montana House of Representatives,

Most people who see or hear the word “Amero” will not have previously seen that word, nor heard of it. It is a word which is not discussed in America as yet. But, very possibly, and I would even say “most likely”, it, or an alternate word for it, very well may become a household word in the near future. Let's be among the first to look into it.

In the emotional aftermath of World War I, the American people, having suffered the enormous number of losses of their sons in the European war-trenches of madness and horror, found themselves generally disinterested in government speeches, or in some paper written by a New York banker, or in the procedures of a corporate board meeting. The great Enemy had been defeated and prosperity loomed as the victory bonus. Most Americans were more interested in getting their lives back to "normal" than they were in questioning their government. Americans were by and large celebrating victory and licking their wounds and mourning their dead. At the same time, the Federal Reserve System relaxed its discount window and increased the nation's money supply, engendering what we call today “the roaring 20s”, a time of booming economic excess which would prepare an over-extending public for the engineered blow of October, 1929 – the Great Crash of Wall Street.

The men who employed the chefs and cooks to prepare back then a dish which today we are being force-fed knew that American middle-class people were not focused on Wall Street to any significant degree at all. They also knew that Americans were not much focused upon the doings in Washington DC. It was then as it is now. Most Americans had more important things to do than scour publications in an effort to oversee what was going on inside the Federal government, while an upper-class few did have an interest in the doings of Wall Street. Today's average American, distracted by creature-comforts, entertainments, family activities, television, money pressures and the demands of his job or career, simply does not research the inner workings of his government. The small minority of Americans who do question the workings of their government are those whose voices we hear from time to time saying, "Wake up, America!". 

The Internet has had a small degree of success in generating a slight increase in the public oversight of government, and the events of 911 also have given rise to a slowly-spreading interest in what the government might be up to. The "conspiracy theory" crowd is experiencing an accelerated growth among the population, and the public discourse centering on the USA PATRIOT ACT of 2001 has caused more than four hundred cities and towns, and four states, to pass anti-Patriot Act resolutions. Still, most Americans content themselves with a sketchy understanding of how our government works, and most have no idea whatsoever about the possibility of significant parts of our government being "hijacked" from within by a criminal enterprise. Consequently, most Americans have never heard of the word "Amero", despite the fact that the Amero shall accompany our nation's final destruction. To look into the advent of the Amero we shall also need to look at an amazing instrument in the hands of the globalists who want to destroy America and assimilate our nation into the one-world government of the New World Order.

Let us look at what happened very quietly on January 20, 1930. Ever hear of the BIS?

The BIS is the acronym for the Bank for International Settlements. The Bank for International Settlements is one of the most interesting banks ever created, for reasons I'd like to share with you now.

The BIS is the bank which controls the world of banks. This is remarkable insofar as the world of banks controls every national economy on earth. Of particular interest to us is the way the economy of the United States of America is controlled, for sitting atop the pyramid of control which paces and regulates the U.S. economy is the Federal Reserve System, Inc. The Fed does not publish its owners' names, preferring to have Americans simply presume that it is owned jointly by the heads of the primary Federal Reserve System banks. Elsewhere in this series of letters I have noted for the Committee that we do know who created the Federal Reserve - the Houses of Rockefeller, Morgan, Rothschild, Schiff, Kuhn-Loeb, and Warburg. I assume that those financial powers are included in today's ownership of the Federal Reserve, but as one former Bush 41 Administration official, Catherine Austin Fitts, puts it, "nobody knows who owns the Federal Reserve". If we find that to be troublesome, we shall find the phenomenon called the BIS to be even more disturbing. In the global banking hierarchy the BIS holds a higher authority than does our Federal Reserve. In fact, the BIS is the most centralized instrument of financial power on earth.

 The BIS is one of the powers being used to destroy America as we've known it and to convert America into a slave-state. It is a secret vehicle of invisible power on earth. It is the perfect tool in the hands of the oligarchic globalist elite for the accomplishment of their grand objective – the coming one-world government. Although the bondage is indirectly fixed upon the citizenry, the BIS partially owns and employs each working American as its very own wage-slave. Yes, if you work today, you are demonstrably a slave for the BIS, but most Americans do not know this. Yet each time an American worker earns a dollar, the BIS is involved in several subtle, hidden, invisible ways. When the U.S. dollar transmutes into the Amero, as is presently being done, each working American will no longer be an "American", but instead shall be a "world citizen". In the western hemisphere a working "world citizen" will be paid in Ameros instead of in dollars.

To get at the truth of the BIS I must ask readers to not only inquire into the BIS and the Amero with me, but also to look into the CFR and the Trilateral Commission and a few other private-sector groups who work behind the scenes for the elite who dominate and employ the Bank for International Settlements. There is really no way for we slaves to awaken to our chains and shackles unless we become willing to acknowledge that as a nation of people we have fallen into a subtle form of slavery which has been calculated and designed to service a massive but hidden agenda for world ownership. One way we may know that we need to awaken to that sad fact is by admitting that we are asked today to accept in our lives the existence of terrorism. Another sign, soon-coming, shall be the government's presentation to the public of the Amero. And another sign, portentous as it is subtle, is the existence of private-sector think-tanks and tax-exempt Foundations within our society. Their leverages upon our government, its domestic policy, and its foreign policy, are discernible signs.

Terrorism relates to government, which relates to finance, which relates to “gross product”, which relates to production, which relates to you and to me directly. You and I individually comprise the base of that pyramid, and every layer above that pyramid's base, every layer above us, draws its support from the base, from the wealth we create daily in doing our work. The medium by which our support for the upper levels of the pyramid is translated into power is, in its most tangible form, money. This has much to do with the battle for control over America's issuance of money since the Congressional Convention and the founding of the Federal government. That battle to control the issuance of our monetary system has never ceased, and various U.S. Presidents have been assassinated because of it. The American people won a great battle in that long-lasting war for control when President Andrew Jackson defeated the privately-held bank during his second term in office, but the American people ultimately lost the war for the control of our money supply seventy-seven years later when the Federal Reserve act was passed in 1913. I mention this in passing, for such shall be the topic of another letter. Meanwhile, let's look at some facts.

The primary purpose of an organization founded by David Rockefeller and Zbigniew Brzezinski, the Trilateral Commission, was to divide the world into a grouping of three major economic regions: Europe, the Americas, and Asia – generally speaking. Seeing things in economic terms introduces the association of the political forces which affect any region's economic activity. And seeing things as tied together or unified in a marriage of economic and political terms leads one directly to understand the influence and operation of those legal fictions which we call “governments”. It is through the activities of governments that we may expect to wake up one day soon and find an Amero in our pockets instead of a Dollar.

That is where the Bank for International Settlements comes in. It is the bank which sits atop the pyramid of world economic power. One way of imagining this is to see that on the next level below the economic pyramid's top rest the three geo-political regions desired by the Trilateral Commission. “Tri” equals “Three”; hence the name "Trilateral Commission". So we have the top level of the pyramid, which is where the globalist leadership dwells, and below them sit the three major economic regions of the global economy. Below that level, third from the pyramid's top, exist the governments - more than 180 various nation-states' governments – including the government of the United States of America. Each of those governments is regulated economically (and therefore politically, and therefore legally) by their respective Central Bank. As we have seen in another letter, the Central Bank for the USA is the Federal Reserve System, Inc. The chain of command spreads outwardly and downwardly from there. The whole structure is based upon the work and creativity and productivity of individual citizens everywhere. The seamstress, carpenter, truck driver, bartender, miner, logger, sheetrock hanger, plumber, farmer, rancher, factory worker - all of them and all people like them who work for a living comprise the base of that economic pyramid. We the people create the gross national product, little by little, individually, daily, by the sweat of our brow, the turning of our hands, and the creative exercise of our minds. Without the work produced by we little people everywhere, the globalists would have no wealth, no power, and no reason to destroy nations by enfolding them into a one-world government.

In the case of the USA, which is merely one of the current 184 nation-states in the pyramid of the BIS power-structure, the government organizes its agencies to reach into every activity in which we Americans participate each day of our lives – consuming, producing, re-creating, living, mobilizing, communicating, health-care-related activities, and various social institutions. Every American who is “plugged into the system”, who is “on the grid”; who uses a social security number; who uses banks; who uses credit; who 'owns' property; who possesses licenses of any kind; who works, attends schools, takes “vacations”, seeks entertainment, has inter-personal relationships, has a hobby, collects anything, pursues any interest whatsoever (other than freedom outlawry and resistance), is in the service of the BIS – and the BIS has legal claim of ownership over the manner by which he lives his life.

This all sounds pretty radical, does it not? “No way could this be true”, most readers will quickly assert. However, the case can now be made.


To begin making that unsavory case, I will ask each reader to admit that he has heard of, or is aware of, a phenomenon called “the Euro”. I think it is safe to assume that every thinking American with any degree of cognizance at all has heard of the Euro. The more politically-aware American also knows that much concern is held in Washington DC and on Wall Street regarding the role being currently played in world affairs by the Euro. For example, US policy watches every minute of every day every activity relative to the function of the Euro as it affects the dollar, and the US government (USG) has already demonstrated that it will take instant – and militant – action if the Euro chances to be used in any way which could lever the US Dollar.

Saddam Hussein, for example, was a deeply-involved trading partner with the USA for about two decades, spending billions of dollars buying from us the products of our war-industry and selling billions of dollars worth of oil to our energy industry along the way. Suddenly Saddam in 1999-2000 decided to move Iraqi oil from its peg to the U.S. dollar over to a new peg on the Euro. No matter what else we've heard that attempts to rationalize and explain our invasion of Iraq in 2003, one of the central reasons underlying our invasion of Iraq in early 2003 reveals a USG concern that Saddam was looking to peg Iraqi oil to the Euro. In the words of retired USAF Lieutenant-Colonel Karen Kwaitkowski, formerly of the Office of Special Plans at the Pentagon, "...that would have had an impact on the U.S. economy". [Refer: Bibliography: The documentary film, "The Oil Factor".]

The Euro is the official monetary system of the European Union. As such, the Euro is a part of phase one in the Trilateral Commission's goal. The purpose of the Trilateral Commission is to consolidate the global economy into three primary regions, as we've noted already. To do so, however, each of the three regions' monetary systems and political/governmental (legal) systems must be merged. Trilateralists call that process convergence. They also call it integration.

While those words sound benign and even humanistic, we would do well to acknowledge that, in the case of the coming FTAA (Free Trade Area of the Americas), to "integrate" America's legal structures with those of the other western hemisphere systems, we shall have to "disintegrate" our legal structure all the way to the U.S. Constitution. Being the foundations of each respective nation's legal system, the various constitutions of the nations in the western hemisphere, including our own, shall be required to be dis-integrated in order to become integrated with the rest. Each constitution shall have to be changed to accommodate the merger, the convergence. That is what is behind NAFTA, CAFTA, and the coming FTAA.  A new wrinkle on the face of this methodical drive to assimilate America into a Union of the Americas is the SPP. (The "Security and Prosperity Partnership" of the G. W. Bush White House.) To know this, one only has to hear it in the words of one of the most powerful globalists, CFR giant and Trilateral Commission legend Henry Kissinger:

"NAFTA will represent the most creative step toward a new world order taken by any group of countries since the end of the Cold War. NAFTA is not a conventional trade agreement, but the architecture of a new international order." ~ Henry Kissinger, 1993

Here is something interesting, a portent of things to come in the Western Hemisphere, courtesy of The August Review (1) -

For those American readers who do not grasp the significance of the adoption of the euro by European Union countries, consider how one American globalist describes it.

C. Fred Bergsten is a prominent and core Trilateral Commission member and head of the Institute for International Economics. On January 3, 1999, Bergsten wrote in the Washington Post

"The adoption of a common currency is by far the boldest chapter of European integration. Money traditionally has been an integral element of national sovereignty ...and the decision by Germany and France to give up their mark and franc ...represents the most dramatic voluntary surrender of sovereignty in recorded history. The European Central Bank that will manage the Euro is a truly supranational institution". [bold emphasis added]

~End excerpt from The August Review article.

Now I would like to play a little association game for a moment. We all know that there exists a three-pronged effort by the Rockefeller-led private-sector powers of international finance to disintegrate the United States of America. The three prongs are named:




Those three “trade agreements” are actually the mechanism which is being used to effectively take down America's borders, integrate our legal system with the legal systems of other western hemisphere nations, outsource American production and manufacturing, flood the country with a low-wage workforce, merge our economic policy, and unify the Western Hemisphere thereby. The Trilateral plan sees Europe, the Americas, and Asia as the three economic regions of the world which must be fully organized and controlled – as regions – before they shall ultimately be absorbed into a one-world government. Unifying the various constituent nation-states in each region is partially achieved by adoption of a common currency, signifying a common system of economy.

Once anyone knows that basic fact about the three trade agreements which are being jammed down an uninformed America's throat, one can begin to understand what is behind the Amero. It is the same thing that stands behind the Euro. It is a part of a grand plan which has literally been formulated and executed to such a degree, and has become so wide-spread and engrained, that the globalists no longer feel the need for secrecy to hide their plan. However, government observers such as The August Review spearhead the drive to inform Americans, and the John Birch Society has investigated the FTAA perhaps more closely than any other group of investigators. I draw from both to compose the following:

In Miami, Florida, in 2003, representatives of thirty-four Western Hemisphere nations gathered to promote the Free Trade Area of the Americas (FTAA).

According to Global Exchange, < http://www.globalexchange.org/campaigns/ftaa/ >, the FTAA is the expansion of NAFTA to the entire Western Hemisphere, including every nation except the nation of Cuba. While NAFTA included only Canada and Mexico with the United States, the FTAA would effectively do away with all borders and national sovereignty in matters of International law and International finance.

Allow me to explain: As the John Birch Society conveys it in the film "Tresspassing Allowed" [See bibliography, documentary films], the FTAA people wish to "integrate" all (except Cuba's) Western Hemisphere nations' governmental systems. But to "integrate" the U.S. Constitution, which is our government's legal charter, with the governments of other nations requires that the U.S. Constitution be changed drastically, or, in other words, "dis-integrated". Mexico's Constitution, for example, is different than ours, so "convergence" of our legal system with Mexico's legal system would require many changes in our basic legal charter, our Constitution.

Seen in that light and with that understanding, we see the truly diabolical intent behind the drive for the FTAA.

But to have "intent", someone somewhere has to harbor that intent. So who might be behind the idea of an FTAA?

According to the Honorable Ron Paul, (R, TX), there are several thousand people inside our government presently who want a "one-world government" and who are pushing for that. Ron Paul says they "believe" in a one-world government. On a film by Alex Jones Representative Paul notes while speaking to a crowd at Austin, Texas, that if a one-world government were successfully established, of course it would mean that our Constitution, our unique American society of laws and economics and culture, would be enfolded into that one-world government, and that would spell the de facto end of America as we know it. [See Bibliography, documentary films: "Matrix Of Evil".]

At a meeting before the Council on Foreign Relations in 2004 the speaker was Vice President Dick Cheney. In the audience was David Rockefeller. C-Span filmed Cheney's speech, and filmed also the comments made afterward by David Rockefeller, who rose to address the Vice President while Cheney fielded questions from the audience:

Rockefeller speaking: "Mr. Vice President, I just enjoyed so much your whole speech, but I was particularly pleased that you gave such a strong endorsement for the Free Trade agreement for all of the Americas; a subject which has been of great concern to me for many years and particularly recently, and I think it's absolutely essential for the strength of our economy."

The 1994 Miami Summit and the FTAA proposal was created by Rockefeller organizations which comprise a Rockefeller network:

Council of the Americas, founder and honorary chairman: David Rockefeller;

The Americas Society, chairman: David Rockefeller;

The Forum of the Americas, founder, David Rockefeller;

The Institute for International Economics, financial backer and board member: David Rockefeller;

The Trilateral Commission, founder and honorary chairman: David Rockefeller.

The FTAA is the next step which the Globalists seek in establishing their one-world government. The FTAA was voted down in Congress in 2005. The FTAA will be back to try for Congressional passage again, very soon.

Montanans and Americans who are confused by the apparent contradictions in policy by the Bush Administration may begin now to see why Bush 43 wants the southern border left wide open while at the same time he has chartered the Federal government to spy on all U.S. citizens, to listen to your and my private communications, snoop at libraries to see what we've been reading, tap our telephone conversations, intercept our e-mail activity, snoop into our mail, and etc. While Republicans, admittedly confused, are stampeding out the back door of the Republican Party over this sort of conflicted policy, Americans everywhere are shaking their heads and wondering what could possibly be behind Bush's desire to encourage illegal immigration into America at a time when he is shouting most emphatically the dire and urgent need for domestic surveillance in the war on terrorism.

Our businesses and jobs are being taken out of America and sent abroad as part of a plan to level America down to the common mean of all regional nations. Our southern border is wide open. President Bush has spoken publicly. Mr. Bush met with Mexican President Vicente Fox soon after taking office, to discuss opportunities for migrant workers from Mexico in the United States. In 2004, President Bush went public with his own plans: "The citizenship line, however, is too long; and our current limits on legal immigration are too low; my administration will work with the Congress to increase the annual number of green cards which can lead to citizenship." ~ George Walker Bush [See Bibliography, documentary films, "Trespassing Allowed".]

In 1970, the INS estimated that the number of illegal immigrants inside U.S. borders was 200,000. By 2004, the estimate had risen to 15 million. The costs of government services in those states affected by out-of-control immigration has placed enormous burdens on tax payers. The smoke and mirrors game being played by our politicians leads us to think that there are problems with personnel, equipment, and technology for controlling the flow of illegal immigrants across the Mexican border.

William F. Jasper is a senior editor at The New American magazine.

He states: "All of those enforcements or methodologies are of no value if you have people at the policy levels, the political levels of our government, who are thwarting that regularly. The problem is not the lack of technology or a lack of manpower, it is the sabotage from within, at the highest levels of our government."

No matter what the Bush 43 Administration says publicly, the agenda seems quite clear when anyone reads between the lines. Attack civil liberties to gain greater control over the American people while at the same time assaulting the backbone of American industry through outsourcing American productivity to foreign nations and infusing directly through proposed amnesty an unbearable influx of foreign illegal immigrants. The assault on Christianity continues, the assault on the American family structure is all but bloody, the assault on the public mentality via NEA-controlled Feducation keeps our children in the dark on important matters and prepares them for internationalism and "interdependence", the siege upon the traditional American community is sundering and dividing good neighbors amongst themselves, the media blast chills the nation daily with government-sponsored "terror" plots, attempts, and arrests. The U.S. military is now deployed all over the world and is fully engaged in multiple wars. The national debt is now at nine trillion dollars while the NYSE is often fluctuating more than a hundred points up or down in daily trading. All of this shows quite clearly the globalist agenda of tearing down America. At the heart of all that stands the CFR, the Trilateral Commission, the Federal Reserve, the mass media and press, the tax-exempt Foundations such as Ford, Carnegie, Rockefeller, Morgan and etc., and the international financiers who spawn and protect the secret societies of the occult satanic preferences of the Rothschilds and Warburgs, the Schiffs and Rockefellers, the Skull and Bones liaison and the Bohemian Grove.

The men who seek to control the world knew long ago that they faced many obstacles in accomplishing their goal of world ownership. What began as a secret conspiracy to do just that soon morphed, along about the 1960s, into an openly-proclaimed plan. It was during the 1960s that the powers realized that they had reached a threshold; that they had finally accumulated enough regional controls over finance and governmental policy among the many nation-states on the membership rosters of the United Nations; and that their conspiracy no longer required hiding. They permitted, for example, Carroll Quigley to publish Tragedy And Hope. (2)

Tragedy And Hope is an insider's view of the history of the conspiracy, and it tells their story, their history, in undebatable and undeniable clarity. In the book is the following statement:

"[....] The powers of financial capitalism had another far reaching plan, 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 feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves private corporations. Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world."  ~ Professor Carroll Quigley [emphasis mine]

That declaration by Carroll Quigley is about as blunt a broadside as we'll likely see. That statement reveals what H. G. Wells called "The Open Conspiracy". I have written in another letter about Quigley, Cecil Rhodes, the Rhodes Round Table groups, Lord Rothschild, Lord Milner, Lionel Curtis, W. T. Stead, and their roles in dragging America into World War I and their attempts to ensnare America in the League of Nations; about their role in establishing the Royal Institute of International Affairs in London and the Council on Foreign Relations in New York. I have included in another letter a taste of the history of the CFR in the words of their official historian, Mr. Peter Grose, and in a much earlier letter I repeated some of the research of Anton Chaitkin and Webster Tarpley into the Skull and Bones influence at the Ivy League, on Wall Street, and in Washington DC, specifically as pertains to the rebuilding of Germany after World War I. Also I have included already in this series of letters some details regarding the relationship between President Woodrow Wilson and his closest adviser, the acclaimed socialist Colonel Edward Mandel House. And, importantly, I have also included some facts about the relationship of various people in government, including sitting U.S. Presidents, with the money trust which operates the Federal Reserve System, Inc.

Now we are beginning to see how the network on Wall Street and in Washington DC, particularly the international bankers and their political hacks in the White House, State Department, Defense Department, Intelligence community, Department of Justice, and other important agencies of the USG, have conspired to deceive the American public over and over again down through the decades of the twentieth century.


Let's return now to The August Review for some yardage on Global Banking, and discover the Bank For International Settlements:

~Begin quoted passages from The August Review

As we will see, the BIS was founded in 1930 during a very troubled time in history. Some knowledge of that history is critical to understanding why the BIS was created, and for whose benefit.

There are three figures who played prominently in the founding of the BIS: Charles G. Dawes, Owen D. Young and Hjalmar Schacht of Germany.

Charles G. Dawes was director of the U.S. Bureau of the Budget in 1921, and served on the Allied Reparations Commission starting in 1923. His latter work on "stabilizing Germany's economy" earned him the Nobel Peace Prize in 1925. After being elected Vice President under President Calvin Coolidge from 1925-1929, and appointed Ambassador to England in 1931, he resumed his personal banking career in 1932 as chairman of the board of the City National Bank and Trust in Chicago, where he remained until his death in 1951.

Owen D Young was an American industrialist. He founded RCA (Radio Corporation of America) in1919 and was its chairman until 1933. He also served as the chairman of General Electric from 1922 until 1939. In 1932, Young sought the democratic presidential nomination, but lost to Franklin Delano Roosevelt.

More on Hjalmar Schacht later.

In the aftermath of World War I and the impending collapse of the German economy and political structure, a plan was needed to rescue and restore Germany, which would also insulate other economies in Europe from being affected adversely.

The Versailles Treaty of 1919 (which officially ended WWI) had imposed a very heavy reparations burden on Germany, which required a repayment schedule of 132 billion gold marks per year. Most historians agree that the economic upheaval caused in Germany by the Versailles Treaty eventually led to Adolph Hitler's rise to power.

In 1924 the Allies appointed a committee of international bankers, led by Charles G. Dawes (and accompanied by J.P. Morgan agent, Owen Young), to develop a plan to get reparations payments back on track. Historian Carroll Quigley noted that the Dawes Plan was "largely a J.P. Morgan production" [ Quigley, Tragedy & Hope, (MacMillan, 1966), p.308]. The plan called for $800 million in foreign loans to be arranged for Germany in order to rebuild its economy.

In 1924, Dawes was chairman of the Allied Committee of Experts, hence, the "Dawes Plan." He was replaced as chairman by Owen Young in 1929, with direct support by J.P. Morgan. The "Young Plan" of 1928 put more teeth into the Dawes Plan, which many viewed as a strategy to subvert virtually all German assets to back a huge mortgage held by the United States bankers.

Neither Dawes nor Young represented anything more than banking interests. After all, WWI was fought by governments using borrowed money made possible by the international banking community. The banks had a vested interest in having those loans repaid!

In 1924, the president of Reichsbank (Germany's central bank at that time) was Hjalmar Schacht. He had already had a prominent role in creating the Dawes Plan, along with German industrialist Fritz Thyssen and other prominent German bankers and industrialists.

The Young Plan was so odious to the Germans that many credit it as a precondition to Hitler's rise to power. Fritz Thyssen, a leading Nazi Industrialist, stated

"I turned to the National socialist party only after I became convinced that the fight against the Young Plan was unavoidable if complete collapse of Germany was to be prevented."  [Edgar B Nixon, ec., Franklin D. Roosevelt and Foreign Affairs, Volume III (Cambridge: Balknap Press, 1969) p. 456]

[EA note: Recall, this would be the same Fritz Thyssen who worked with Prescott Bush, George Herbert Walker, the Harriman brothers, and the Dulles brothers on Wall Street throughout the 1930s to finance the logistical infrastructure of Hitler's Third Reich.]

Some historians too quickly credit Owen Young as the idea-man for the Bank for International Settlements. It was actually Hjalmar Schacht who first proposed the idea, which was then carried forward by the same group of international bankers who brought us the Dawes and Young Plans.

So here we have a brief sketch of what led up to the founding of the BIS. Now we can examine the nuts and bolts of how the BIS was actually put together.

The Hague Agreement of 1930

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 authorised 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 duly authorised representatives of the Government of the Swiss Confederation of the other part Assembled at the Hague Conference in the month of January, 1930, have agreed on the following: 

Article 1. Switzerland undertakes to grant to the Bank for International Settlements, without delay, the following Constituent Charter having force of law: not to abrogate this Charter, not to amend or add to it, and not to sanction amendments to the Statutes of the Bank referred to in Paragraph 4 of the Charter otherwise than in agreement with the other signatory Governments. [BIS web site, Extracts from the Hague Convention, http://www.bis.org/about/conv-ex.htm  ]

As we will see, German reparation payments (or lack thereof) had little to do with the founding of the BIS, although this is the weak explanation given since its founding. Of course, Germany would make a single payment to the BIS, which in turn would deposit the funds into the respective central bank accounts of the nations to whom payments were due. (It would be the subject of another paper to show the shallowness of this operation: Money and gold were shuffled around, but the net amount that Germany actually paid was very small.)

The original founding documents of the BIS have little to say about Germany, however, and we can look directly to the BIS itself to see its original purpose:

The objects of the Bank are: to promote the co-operation of central banks and to provide additional facilities for international operations; and to act as trustees or agent in regard to international financial settlements entrusted to it under agreements with the parties concerned.” [BIS, Statutes of the Bank for International Settlements Article 3 [as of January 1930, text as amended on March 10, 2003], Basic Texts (Basle, August 2003), p. 7-8]

Virtually every in-print reference to the BIS, including their own documents, consistently refer to it as "the central banker's central bank."

So, the BIS was established by an international charter and was headquartered in Basle, Switzerland.

BIS Ownership

According to James C. Baker, pro-BIS author of The Bank for International Settlements: Evolution and Evaluation, "The BIS was formed with funding by the central banks of six nations, Belgium, France, Germany, Italy, Japan, and the United Kingdom. In addition, three private international banks from the United States also assisted in financing the establishment of the BIS."  [Baker, The Bank for International Settlements: Evolution and Evaluation, (Quorum, 2002), p. 20]

Each nation's central bank subscribed to 16,000 shares. The U.S. central bank, the Federal Reserve, did not join the BIS, but the three U.S. banks that participated got 16,000 shares each. Thus, U.S. representation at the BIS was three times that of any other nation. Who were these private banks? Not surprisingly, they were J.P. Morgan & Company, First National Bank of New York and First National Bank of Chicago. [...snip...]

Sovereignty and Secrecy

It is not surprising that the BIS, its offices, employees, directors and members share an incredible immunity from virtually all regulation, scrutiny and accountability.

In 1931, central bankers and their constituents were fed up with government meddling in world financial affairs. Politicians were viewed mostly with contempt, unless it was one of their own who was the politician. Thus, the BIS offered them a once-and-for-all opportunity to set up the "apex" the way they really wanted it -- private. They demanded these conditions and got what they demanded.

A quick summary of their immunity, explained further below, includes


diplomatic immunity for persons and what they carry with them (i.e., diplomatic pouches)


no taxation on any transactions, including salaries paid to employees


embassy-type immunity for all buildings and/or offices operated by the BIS


no oversight or knowledge of operations by any government authority


freedom from immigration restrictions


freedom to encrypt any and all communications of any sort


freedom from any legal jurisdiction

Further, members of the BIS board of directors (for instance, Alan Greenspan) are individually granted special benefits:


immunity from arrest or imprisonment and immunity from seizure of their personal baggage, save in flagrant cases of criminal offence;”


inviolability of all papers and documents;”


immunity from jurisdiction, even after their mission has been accomplished, for acts carried out in the discharge of their duties, including words spoken and writings;”


exemption for themselves, their spouses and children from any immigration restrictions, from any formalities concerning the registration of aliens and from any obligations relating to national service in Switzerland ;”


the right to use codes in official communications or to receive or send documents or correspondence by means of couriers or diplomatic bags.”

Lastly, all remaining officials and employees of the BIS have the following immunities:


immunity from jurisdiction for acts accomplished in the discharge of their duties, including words spoken and writings, even after such persons have ceased to be Officials of the Bank;”[bold emphasis added]


exemption from all Federal, cantonal and communal taxes on salaries, fees and allowances paid to them by the Bank…”


exempt from Swiss national obligations, freedom for spouses and family members from immigration restrictions, transfer assets and properties – including internationally – with the same degree of benefit as Officials of other international organizations.

Of course, a corporate charter can say anything it wants to say and still be subject to outside authorities. Nevertheless, these were the immunities practiced and enjoyed from 1930 onward. On February 10, 1987, a more formal acknowledgment called the "Headquarters Agreement" was executed between the BIS and the Swiss Federal Council and basically clarified and reiterated what we already knew:

Article 2


The buildings or parts of buildings and surrounding land which, whoever may be the owner thereof, are used for the purposes of the Bank shall be inviolable. No agent of the Swiss public authorities may enter therein without the express consent of the Bank. Only the President, the General Manager of the Bank, or their duly authorised representative shall be competent to waive such inviolability.


The archives of the Bank and, in general, all documents and any data media belonging to the Bank or in its possession, shall be inviolable at all times and in all places.


The Bank shall exercise supervision of and police power over its premises.

Article 4
Immunity from jurisdiction and execution 


The Bank shall enjoy immunity from criminal and administrative jurisdiction, save to the extent that such immunity is formally waived in individual cases by the President, the General Manager of the Bank, or their duly authorised representative.


The assets of the Bank may be subject to measures of compulsory execution for enforcing monetary claims. On the other hand, all deposits entrusted to the Bank, all claims against the Bank and the shares issued by the Bank shall, without the prior agreement of the Bank, be immune from seizure or other measures of compulsory execution and sequestration, particularly of attachment within the meaning of Swiss law.  [bold emphasis added] [BIS, Extracts from the Headquarters Agreement, http://www.bis.org/about/hq-ex.htm  ]

As you can see, the BIS, its directors and employees (past and present) can do virtually anything and everything they want, with complete secrecy, immunity and with no one looking over their shoulders. It was truly a banker's dream come true, and it paved the international freeway for the rampant financial globalism that we see manifest today.

Day-to-Day Operations

Acting as a central bank, the BIS has sweeping powers to do anything for its own account or for the account of its member central banks. It is like a two-way power-of-attorney – any party can act as agent for any other party.

Article 21 of the original BIS statutes define day-to-day operations:

  1. buying and selling of gold coin or bullion for its own account or for the account of central banks;

  2. holding gold for its own account under reserve in central banks;

  3. accepting the supervision of gold for the account of central banks;

  4. making advances to or borrowing from central banks against gold, bills of exchange, and other short-term obligations of prime liquidity or other approved securities;

  5. discounting, rediscounting, purchasing, or selling with or without its endorsement bills of exchange, checks, and other short-term obligations of prime liquidity;

  6. buying and selling foreign exchange for its own account or for the account of central banks;

  7. buying and selling negotiable securities other than shares for its own account or for the account of central banks;

  8. discounting for central banks bills taken from their portfolio and rediscounting with central banks bills taken from its own portfolio;

  9. opening and maintaining current or deposit accounts with central banks;

  10. accepting deposits from central banks on current or deposit account;

  11. accepting deposits in connection with trustee agreements that may be made between the BIS and governments in connection with international settlements.;

  12. accepting such other deposits that, as in the opinion of the Board of the BIS, come within the scope of the BIS’ functions.

The BIS also may

  1. act as agent or correspondent for any central bank

  2. arrange with any central bank for the latter to act as its agent or correspondent;

  3. enter into agreements to act as trustee or agent in connection with international settlements, provided that such agreements will not encroach on the obligations of the BIS toward any third parties.

Why is "agency" an important issue? Because any member of the network can obscure transactions from onlookers. For instance, if Brown Brothers, Harriman wanted to transfer money to a company in Nazi Germany during WWII (which was not "politically correct" at that time), they would first transfer the funds to the BIS thus putting the transaction under the cloak of secrecy and immunity that is enjoyed by the BIS but not by Brown Brothers, Harriman. (Such laundering of Wall Street money was painstakingly noted in Wall Street and the Rise of Hitler, by Antony C. Sutton.)

There are a few things that the BIS cannot do. For instance, it does not accept deposits from, or provide financial services to, private individuals or corporate entities. It is also not permitted to make advances to governments or open current accounts in their name. These restrictions are easily understood when one considers that each central bank has an exclusive franchise to loan money to their respective government. For instance, the U.S. Federal Reserve does not loan money to the government of Canada. In like manner, central banks do not loan money directly to the private or corporate clients of their member banks.

How Decisions are Made

The board of directors consist of the heads of certain member central banks. Currently, these are:


Nout H E M Wellink, Amsterdam (Chairman of the Board of Directors)


Hans Tietmeyer, Frankfurt am Main (Vice-Chairman)


Axel Weber, Frankfurt am Main


Vincenzo Desario, Rome


Antonio Fazio, Rome


David Dodge, Ottawa


Toshihiko Fukui, Tokyo


Timothy F Geithner, New York


Alan Greenspan, Washington


Lord George, London


Hervé Hannoun, Paris


Christian Noyer, Paris


Lars Heikensten, Stockholm


Mervyn  King, London


Guy Quaden, Brussels


Jean-Pierre Roth, Zürich


Alfons Vicomte Verplaetse, Brussels


[BIS, Board of Directors, www.bis.org/about/board.htm                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

Of these, five members ( Canada, Japan, the Netherlands, Sweden and Switzerland) are currently elected by the shareholders. The majority of directors are "ex officio," meaning they are permanent and are automatically a part of any sub-committee.

The combined board meets at least six times per year, in secret, and is briefed by BIS management on financial operations of the bank. Global monetary policy is discussed and set at these meetings. [...snip...]

How the BIS works with the IMF and the World Bank

The interoperation between the three entities is understandably confusing to most people, so a little clarification will help.  

The International Monetary Fund (IMF) interacts 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. [IMF web site, http://www.imf.org  ]

The World Bank also lends money and has 184 member countries. Within the World Bank are two separate entities, the International Bank for Reconstruction and Development (IBRD) and 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. In funding itself, the World Bank borrows money by direct lending from banks and by floating bond issues, and then loans this money through IBRD and IDA to troubled countries. [World Bank web site. http://www.WorldBank.org  ]

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.

The IMF is the BIS' "ace in the hole" when monetary crisis hits. The 1998 Brazil currency crisis was caused by that country's inability to pay inordinate accumulated interest on loans made over a protracted period of time. These loans were extended by banks like Citigroup, J.P. Morgan Chase and FleetBoston, and they stood to lose a huge amount of money.

The IMF, along with the World Bank and the U.S., bailed out Brazil with a $41.5 billion package that saved Brazil, its currency and, not incidentally, certain private banks.

Congressman Bernard Sanders (I-VT), ranking member of the International Monetary Policy and Trade Subcommittee, blew the whistle on this money laundry operation. Sander's entire congressional press release is worth reading:

IMF Bailout for Brazil is Windfall to Banks, Disaster for US Taxpayers Says Sanders

BURLINGTON, VERMONT - August 15 - Congressman Bernard Sanders (I-VT), the Ranking Member of the International Monetary Policy and Trade Subcommittee, today called for an immediate Congressional investigation of the recent $30 billion International Monetary Fund (IMF) bailout of Brazil.

Sanders, who is strongly opposed to the bailout and considers it corporate welfare, wants Congress to find out why U.S. taxpayers are being asked to provide billions of dollars to Brazil and how much of this money will be funneled to U.S. banks such as Citigroup, FleetBoston and J.P. Morgan Chase. These banks have about $25.6 billion in outstanding loans to Brazilian borrowers. U.S. taxpayers currently fund the IMF through a $37 billion line of credit.

Sanders said, "At a time when we have a $6 trillion national debt, a growing federal deficit, and an increasing number of unmet social needs for our veterans, seniors, and children, it is unacceptable that billions of U.S. taxpayer dollars are being sent to the IMF to bailout Brazil."

"This money is not going to significantly help the poor people of that country. The real winners in this situation are the large, profitable U.S. banks such as Citigroup that have made billions of dollars in risky investments in Brazil and now want to make sure their investments are repaid. This bailout represents an egregious form of corporate welfare that must be put to an end. Interestingly, these banks have made substantial campaign contributions to both political parties," the Congressman added.

Sanders noted that the neo-liberal policies of the IMF developed in the 1980's pushing countries towards unfettered free trade, privatization, and slashing social safety nets has been a disaster for Latin America and has contributed to increased global poverty throughout the world. At the same time that Latin America countries such as Brazil and Argentina followed these neo-liberal dictates imposed by the IMF, from 1980-2000, per capita income in Latin America grew at only one-tenth the rate of the previous two decades.

Sanders continued, "The policies of the IMF over the past 20 years advocating unfettered free trade, privatizing industry, deregulation and slashing government investments in health, education, and pensions has been a complete failure for low income and middle class families in the developing world and in the United States . Clearly, these policies have only helped corporations in their constant search for the cheapest labor and weakest environmental regulations. Congress must work on a new global policy that protects workers, increases living standards and improves the environment."

One can surmise that a financial circle exists where the World Bank helps nations get into debt, then when these countries can't pay their massive loans, the IMF bails them out with taxpayer money -- and in the middle stands the BIS, collecting fees as the money travels back and forth like the ocean tide, while assuring everyone that all is well.

BIS dumps gold-backed Swiss Francs for SDR's

On March 10, 2003, the BIS abandoned the Swiss gold franc as the bank's unit of account since 1930, and replaced it with the SDR.

SDR stands for Special Drawing Rights and is a unit of currency originally created by the IMF. According to Baker,

"The SDR is an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries. SDR's are allocated to member countries in proportion to their IMF quotas. The SDR also serves as the unit of account of the IMF and some other international organizations. Its value is based on a basket of key international currencies." [IMF web site, http://www.imf.org/external/np/exr/facts/sdr.htm  ]

This "basket" currently consists of the euro, Japanese yen, pound sterling and the U.S. dollar.

The BIS abandonment of the 1930 gold Swiss franc removed all restraint from the creation of paper money in the world. In other words, gold backs no national currency, leaving the central banks a wide-open field to create money as they alone see fit. Remember, that almost all the central banks in the world are privately-held entities, with an exclusive franchise to arrange loans for their respective host countries.

Regional and Global Currencies: SDR's, Euros and Ameros

There is no doubt that the BIS is moving the world toward regional currencies and ultimately, a global currency. The global currency could well be an evolution of the SDR, and may explain why the BIS recently adopted the SDR as its primary reserve currency.

The Brandt Equation, 21st Century Blueprint for the New Global Economy notes, for instance, that

Since the SDR is the world's only means of meeting international payments that has been authorized through international contract, "The SDR therefore represents a clear first step towards a stable and permanent international currency"  [bold emphasis added] The Brandt Equation: 21st Century Blueprint for the New Global Economy. The Brandt Proposals – A Report Card: Money and Finances. See http://www.brandt21forum.info/1ckMoney.htm . ]

As to regional currencies, the BIS has already been hugely successful in launching the euro in Europe. Armed with new technical and social know-how, the BIS' next logical step is to focus on America and Asia.

For instance, according to BIS Papers No. 17, Regional currency areas and the use of foreign currencies,

"Canada, Mexico and the United States are members of the trade group NAFTA. Given the high proportion of Canada and Mexico’s trade with the United States, a NAFTA dollar or “Amero” has been proposed by some Canadian academics such as Grubel (1999). See also Beine and Coulombe (2002) and Robson and Laidler (2002)."  [BIS, Regional currency areas and the use of foreign currencies, BIS Papers No. 17, September, 2003 ]

Assuming that NAFTA permanently identifies Canada, the U.S. and Mexico as one trading block, then North America will look like the European Union and the Amero will function like the Euro. All of the work put into the SDR would be perfectly preserved by simply substituting the Amero for the U.S. dollar when they choose to bring the Amero to ascendancy over the dollar.

~End excerpted passages from The August Review article on Global Banking

Diane, above we have seen a very ominous marvel indeed. I have often in these letters denounced secrecy as being evil at its roots. Now we see that the most powerful instrument of global finance, the BIS itself, relies heavily upon guaranteed secrecy as its secret owners affect international monetary and financial and economic power-plays. By its secrecy the BIS is enabled to conduct any plan for international manipulation which pleases its owners/controllers. Even the Swiss government cannot enter the bank's premises without the bank's permission.

As the bank's charter reveals, its right to inviolability, its right to immunity, its right to encryption, its right to secrecy, its right to do as it pleases - all are above the law, beyond the reach of any government on earth. The client list of the BIS comprises the central banks of all member nations, and those central banks only. As Professor Carroll Quigley has revealed, the purpose of privately-held central banks in the various nations is to control the activities and policies of their respective nations - for a purpose. That purpose has been deliberately suppressed from public knowledge. That purpose, multi-faceted as it is, stands today as the most concentrated assault on the United States of America ever launched against the American people and their constitutional republic. One of the obvious aims of the BIS is to use monetary/economic leverages to influence American policy, both domestic and foreign, to disintegrate our Constitution and prepare America for assimilation into the coming one-world government of the New World Order.

Its tools include the CFR, the Trilateral Commission, and the Project for a New American Century (PNAC) and all other private-sector think-tanks of similar ilk, e.g., The Aspen Institute et al. Its tools include the Federal Reserve System, Inc. It's tools include the United Nations body, the IMF, the World Bank. Its tools include the Intelligence communities of all member nations including the CIA. Its tools include the indigenous economies of each member nation. Its tools include the militaries of all member nations. And its tools include the mass media, government education systems, corporate science, and, now, indeed the very agencies of governmental structure of all member nations. The BIS is the most centralized and exactly-focused economic power on earth - and hardly any Montanans have even heard of its existence.

Why is that, I wonder...

In large part, the answer to that question exists in the history of secret societies in Europe and the United States of America, and in the hidden movement of those secret societies within America's history of banking, as we shall see in coming letters.

In Liberty,




1) The August Review

2) Tragedy And Hope: A History Of The World In Our Time

by Carroll Quigley; copyright 1966 by Carroll Quigley; first published by Macmillan, New York; current publisher: GSG and Associates, Post Office Box 590, San Pedro, California, 90733; phone – 310-548-3455; Library of Congress catalog card member: 65-13589.

3) Please note - The Amero project has collected quite a bit of activity since I wrote the above. Please check the TJRG article at this link for more: http://www.thejeffersonrivergazette.com/The_Amero_Additional_Notes.htm


From here: http://yamaguchy.netfirms.com/jefferson/gallatin.html

President Thomas Jefferson To Secretary of Treasury Albert Gallatin.
Washington, December 13, 1803.

The Attorney General having considered and decided that the prescription in the law for establishing a bank, that the officers in the subordinate offices of discount and deposit, shall be appointed “on the same terms and in the same manner practised in the principal bank,” does not extend to them the principle of rotation, established by the Legislature in the body of directors in the principal bank, it follows that the extension of that principle has been merely a voluntary and prudential act of the principal bank, from which they are free to depart.  I think the extension was wise and proper on their part, because the Legislature having deemed rotation useful in the principal bank constituted by them, there would be the same reason for it in the subordinate banks to be established by the principal.  It breaks in upon the esprit du corps so apt to prevail in permanent bodies;  it gives a chance for the public eye penetrating into the sanctuary of those proceedings and practices, which the avarice of the directors may introduce for their personal emolument, and which the resentments of excluded directors, or the honesty of those duly admitted, might betray to the public; and it gives an opportunity at the end of the year, or at other periods, of correcting a choice, which, on trial, proves to have been unfortunate;  an evil of which themselves complain in their distant institutions.  Whether, however, they have a power to alter this, or not, the executive has no right to decide;  and their consultation with you has been merely an act of complaisance, or from a desire to shield so important an innovation under the cover of executive sanction.  But ought we to volunteer our sanction in such a case?  Ought we to disarm ourselves of any fair right of animadversion, whenever that institution shall be a legitimate subject of consideration?  I own, I think the most proper answer would be, that we do not think ourselves authorized to give an opinion on the question.

From a passage in the letter of the President, I observe an idea of establishing a branch bank of the United States in New Orleans.  This institution is one of the most deadly hostility existing, against the principles and form of our Constitution.  The nation is, at this time, so strong and united in its sentiments, that it cannot be shaken at this moment.  But suppose a series of untoward events should occur, sufficient to bring into doubt the competency of a republican government to meet a crisis of great danger, or to unhinge the confidence of the people in the public functionaries;  an institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government.  I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries.  What an obstruction could not this bank of the United States, with all its branch banks, be in time of war!  It might dictate to us the peace we should accept, or withdraw its aids.  Ought we then to give further growth to an institution so powerful, so hostile?  That it is so hostile we know 1, from a knowledge of the principles of the persons composing the body of directors in every bank, principal or branch;  and those of most of the stockholders:  2, from their opposition to the measures and principles of the government, and to the election of those friendly to them:  and 3, from the sentiments of the newspapers they support.  Now, while we are strong, it is the greatest duty we owe to the safety of our Constitution, to bring this powerful enemy to a perfect subordination under its authorities.  The first measure would be to reduce them to an equal footing only with other banks, as to the favors of the government.  But, in order to be able to meet a general combination of the banks against us, in a critical emergency, could we not make a beginning towards an independent use of our own money, towards building our own bank in all the deposits where it is received, and letting the treasurer give his draft or note, for payment at any particular place, which, in a well-conducted government, ought to have as much credit as any private draft, or bank note, or bill, and would give us the same facilities which we derive from the banks?  I pray you to turn this subject in your mind, and to give it the benefit of your knowledge of details;  whereas, I have only very general views of the subject. 

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