Bank for International Settlements (BIS) Update: More Power into Fewer Hands
INTEL SECTOR – Over the weekend the Bank for International Settlements (BIS) updated its statutes, specifically regarding its directors… Learn, in general, how to decipher the BIS documents.
Excerpt from the BIS press release:
The new Article will come into effect in January 2019. The main changes will be as follows:
The total number of Directors will be reduced from 21 to 18 to enhance the functioning of the Board.
The six ex officio Directors [the central bank Governors of Belgium, France, Germany, Italy, the United Kingdom and the United States] will agree on the appointment of one Director – instead of six – from one of their nationalities.
The number of elected Directors will be raised from nine to 11, enhancing the flexibility the BIS has to compose the Board.
What this means is that the (private) central or national banks of Belgium, France, Germany, Italy, the United Kingdom and the United States retain their supreme ruling positions in the BIS. It also means that they will have less directors to deal with (power consolidation), making it easier to implement (impose) new dictates (directives, “suggestions”).
The increase in elected members, from 9 to 11, of the board of directors shows that the BIS seeks to increase its direct control over more private central or national banks.
Remember that as a “common” citizen, anywhere in the world, you have no voting power or any influence in the BIS. “Peasants” are ruled over, not listened to. So the BIS indicates…
In an additional note to the above, we also want to point out the efforts the BIS goes through to hide simple to understand facts of the reality. Acting as if they, the self-declared financial elite, are somehow incapable to fully understand “inflation”, they put up all kinds of cover stories to create a sense of complexity, all the while their inflation can be explained very easily. Even to the most uneducated observer their inflation is very understandable.
What their inflation in reality is, is the ones who control and own the BIS devalue by design all labor and assets that are not (yet) owned by them. They do this, preferably, at approximately 2% per year. Their preferred leverage for this is the interests (rates) that are paid by the private central and national banks. That is where their inflation comes from, and no matter how many charts, graphics and sales pitches they can dream up this reality will never change until populations force their central or national banks out of the BIS system.