The EU is the spawn of the Globalist Banksters ;
This ambivalent relationship between the IMF/World Bank vis-a-vis the BIS/commercial banks in the 70's is epitomised by Anthony Sampson in his book "The Money Lenders": "The commercial banks in the meantime had created a very different perspective, for the IMF now controlled much less of the world's money. In 1966, the quotas which made up its capital amounted to 10% of the total world imports; but by '76 they made up only 4%"..."by '76 world annual deficits had reached $75 billion : of this, 7% financed by the IMF; 18% by other official international bodies (governments and World Bank) - remaining three-quarters financed by banks (commercial)". (Today, some two-and-a-half decades later, the board members of BIS, between them, control 95% of the money in circulation). The reason for this apparent taking over of such responsibility by the BIS from the IMF/World Bank is twofold: (1) the collapse of the Bretton Woods system of exchange convertibility in the early seventies exposed the irrelevance of the latter as agents for European reconstruction; and (2) the latter being statutorily-appointed agents of the UN, were therefore - ostensibly - accountable to a much wider constituency than the BIS, and therefore politically less manageable by the corporate establishment, whose primary aim in the aftermath of World War 2 was to ensure the unrestricted flow of American capital into Europe. A flow considerably eased by subsequent European integration, in which both NATO and the Bilderberg played a crucial role. This aim was furthered by means of the US Congressionally-authorised European Cooperation Act (ECA) of 1948, and implemented by its subsidiary, the European Payments Union (EPU) of 1950 - both under the aegis of the Marshall Plan of 1947. Predictably, the BIS was the institution chosen by the EPU to oversee this movement of capital (a point worthy of note here is that the head of the EPU at that time was one Richard Bissell, an economist who, years later, was to be the CIA Deputy Director of Planning overseeing the Bay of Pigs fiasco in April '61!).The BIS was now firmly ensconced in the heart of European integration, and was subsequently to play a critical role in the events leading to its (Europe's) eventual evolvement into the European Union, a bureaucratic politico-economic body occupying a position of crucial importance within the wider global hierarchy envisaged by the corporate establishment.