The Bank for International Settlements is described as the central bank of central banks and, in Jiang’s account, the most powerful bank in the world, managed for powerful people rather than the public.
Topic brief
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BIS
After 2008, Jiang says BIS solved global slowdown by shifting economic gravity from America and Europe to China through exchange-rate signaling.
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Key Notes
The quoted Tower of Basel passage says Nazi Germany needed Basel as a financial channel to neutral countries for raw materials and hard currency.
Postwar reconstruction remade Europe on an American consumerist model and required BIS-centered international payment mechanisms.
After 2008, Jiang says BIS solved global slowdown by shifting economic gravity from America and Europe to China through exchange-rate signaling.
Jiang says a global financial order constructs the game people play, with the Bank for International Settlements, the World Bank, IMF, and central banks forming the top-down financial architecture.
He frames GATT/WTO, SWIFT, and the Bank of International Settlements as coordination infrastructure for free trade, dollar-denominated bank transfers, and central-bank policy alignment.
Timestamped Evidence
"Okay? All right. So, I'm going to show you how. But, first, let's talk about the main mechanism to allow this to happen. It's..."
"For despite and shots planning, Nazi Germany had not achieved autarky. It needed to buy vast amounts of raw materials to manufacture armaments and..."
"...new mechanisms of international payment had to be constructed with the BIS at the center."
"Okay. So the world is run for money. Okay. The world exists these organizations exist in order to facilitate the easy fluid movement of..."
"Does that make sense to you guys? All right. So let's look at what happened. So for the longest time the Chinese currency was..."
"and European economies were suffering the global economy was suffering the Chinese economy China started to have a higher exchange rate. Okay. And it..."
"you are and you have to accept what you are okay and what you have to accept and you can't do that without God..."
"central banks okay so the Federal Reserve in the United States the Bank of the People's Bank of China in China okay the Bank..."
"control of the infrastructure the public should not be in control of water okay private companies should be in charge of the water and..."
"dollars, all right? Now, the last thing is, okay, how do these countries get together and decide on how to cooperate economically? And the..."
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