The call for a global currency is directed at the Bank for International Settlements. The BIS is owned by its member banks, however, control is vested in six of the original seven ‘founding’ central banks.
The Board of Directors has at present 18 members. The Board has six ex officio directors, comprising the Governors of the central banks of Belgium, France, Germany, Italy and the United Kingdom and the Chairman of the Board of Governors of the US Federal Reserve System. Each ex officio member may appoint another member of the same nationality. The Statutes also provide for the election to the Board of not more than nine Governors of other member central banks. The Governors of the central banks of Canada, China, Japan, Mexico, the Netherlands, Sweden, Switzerland and the President of the ECB are currently elected members of the Board.
– source http://www.bis.org/about/board.htm
The Final Act of the Bretton Woods Conference recommended, “the liquidation of the Bank for International Settlements at the earliest possible moment.” Raymond Mikesell, a Treasury delegate at Bretton Woods, had this to say in his 1994, …Memoirs, regarding the Bank for International Settlements:
An interesting footnote to the debate at Bretton Woods was the controversy over a Norwegian resolution that the conference liquidate the Bank for International Settlements (BIS) “at the earliest possible date.” The reason for the resolution, which was supported by other European delegations, was that the BIS was alleged to have cooperated with the Germans in transferring looted assets from occupied countries. The U.S. delegation was split between White and Morganthau, who favored the resolution, and the state Department, which regarded it as a political matter that should not be decided at the conference. To add to the embarrassment, Ned Brown’s bank had participated in the formation of the BIS, and the president of the BIS was an American. Keynes wanted the liquidation delayed until the establishment of the Fund because of an unexplained obligation undertaken by Britain when it joined the BIS. The Final Act of the conference recommended “the liquidation of the Bank for International Settlements at the earliest possible moment,” (U.S. State Department, 1948, p. 10g5). That moment has never arrived.
Owen Young was a director of the Federal Reserve Bank of New York when he devised the Young Plan which lead to the creation of the BIS as a mechanism for both the commercialization of Germany’s WW1 reparations and for central bank cooperation. The first chairman of the board and president of the BIS was Gates McGarrah who was chairman of the board of the Federal Reserve Bank of New York when asked to be the first chairman and president of the BIS. Thomas H McKittrick, an American banker, was elected to the presidency of the BIS in June, 1939, where he remained for the duration of the war. The U.S. Congress would not allow the Federal Reserve Bank to join the BIS. Therefore, J.P. Morgan, First National Bank of New York and the First National Bank of Chicago held the Federal Reserve Bank’s voting shares on the managing board of the BIS. It was not until 1994, under the administration of President Bill Clinton, that the Federal Reserve Bank was permitted to take up its seats on the managing board of the BIS.
McKittrick was directing the affairs of the BIS while it was aiding the Nazis as was alleged at Bretton Woods. McKittrick, an American banker, would have been tried at Nuremberg for his part in assisting the Nazis – if it were not for the work of the State Department – in blocking the dissolution of the Bank for International Settlements.
Deutsche Bank, became the largest bank in the world when it acquired disgraced Bankers Trust in 1999.
The U.S. military held Deutsche Bank responsible for starving to death slave laborers who worked at an industrial company it ran during the Nazi regime, according to a 1946 report. source (jan 13, 1999) http://articles.sun-sentinel.com/keyword/deutsche-bank/recent/3
Deutsche Bank was the Gestapo’s bank. It took over banks in occupied countries and helped to finance Hitler’s war effort yet the U.S. military did not file information with the prosecutors at the Nuremberg Tribunals – rather, the military protected the executives of Deutsche Bank by classifying the report.
The Bank for International Settlements is under a The United Nations conference resolution for its liquidation for aiding the Nazis but is being protected by the U.S. State Department and Deutsche Bank, the largest bank in the world, formerly the Gestapo’s bank, was protected by the U.S.Military.