Guest Editorial
BIS: Trading With the Enemy – The Whole Story
Saturday, August 28, 2010 – by Ron Holland
Ron Holland
Editor's Note: This editorial was originally published in 1997 during the Nazi Gold Controversy and Debate. Many of the issues discussed by Ron in this editorial are relevant to what is occurring today and we are therefore pleased to present his editorial for your reading pleasure. As follows:
The truth about the Swiss Nazi gold controversy & the involvement of U.S. banks and the Federal Reserve during the Second World War. This multi-layered central banker conspiracy dwarfs today's oil and other behind the scenes interests involved in the recent invasion, war and subsequent occupation of Iraq. This report opens up the sordid record of the American financial establishment and our central bankers to put trade before patriotism, profits before our troops during times of war and how this relates to our nation today in the "so called" latest conflict, The War on Terror by simply exchanging our collusion with Nazi Germany for collusion with Saudi Arabia and oil profits.
This special report links Switzerland's sometimes regrettable World War II activities with specific evidence suggesting a possible revenue trail from the Nazi gold sales to the Bank for International Settlements, located in Basel, Switzerland. This "bankers bank" was operated by the central banks of numerous other countries including certain American banks and possibly even the Federal Reserve!
Here in this report we trace the profits and financial accountability of all parties involved in these wartime activities and urge that these be investigated. Although Switzerland, certainly looked after her best interests during the war, we believe the finger of blame and any financial restitutions should be shared by all nations and institutions involved in this web of deceit, even those parties in the United States. Further, we believe the nation of Switzerland has been made a convenient scapegoat by special financial interests in the United States for competitive reasons rather than any basis in fact. We call on the U.S. financial institutions associated with the Nazi gold cover-up and gold trading profits to come clean on their involvement.
There is blame enough for all to share. Let's get to the bottom of the whole Nazi gold trading issue...the whole story.
Trading With the Enemy - The Whole Story chronicles Switzerland's sometimes regrettable wartime activities with the surprising revelation of possible U.S. involvement in the Nazi gold trading with Germany during World War II.
As the lone neutral democracy in Europe surrounded by the Axis powers, compromises were made by Switzerland to prevent invasion. We will discuss where the Nazi gold came from, how and why the gold was in Switzerland, and where it is now.
Although stolen Nazi gold was liquidated at the Swiss National Bank, learn how the deal making and trail of revenue from these activities may have flowed through the Bank for International Settlements (BIS) to their stockholder banks in New York City and Chicago.
While not a pretty picture of how the financial elite made money during the war, it is obvious that the guilt and financial accountability for the wartime Nazi gold activities extend far beyond Switzerland which I believe has been made a scapegoat in this controversy by special financial interests in the United States.
Other BIS central bank owners, U.S. banks owning BIS stock fronting for the Federal Reserve, and possibly even the Federal Reserve System itself should be prepared to accept their share of the blame.
Following are a few issues discussed in this special report and questions to be answered before the files are closed on the issue of the Nazi gold trading and "so- called" lost Swiss accounts.
"What does it matter, whether Switzerland has been able to give us the commercial advantages we desire, or has given too many to the Germans, to keep herself alive? Switzerland has remained a democratic state, standing for freedom in self-defense among her mountains, and in thought she has been, in spite of race, largely on our side." – Winston Churchill, 1944
It is clear that horrible injustices, as are characteristic of any war, were committed during World War II. However, those committed against the Jews by the Nazi government were so abhorrent, they inspire an immediate emotional response from most people who regard the complete injustice of the situation.
Particularly in light of revelations regarding possible Nazi gold and money stores placed in Switzerland by the Nazi government, many people around the world are prone to jump to the conclusion that Switzerland and Swiss banks, aided by their historic secrecy laws, have profited from millions of dollars of assets pilfered from Jewish victims of the Holocaust.
Indeed, these victims were shamefully stripped of all material possessions, down to the heisting of gold teen out of the victims' mouths in order to fund SS accounts and the German war effort.
Ironically, however, the Swiss Banking Secrecy Law, which was enacted before the war ever began, was originally meant to protect those German citizens, including many wealthy Jews, who were hiding their assets in Switzerland to escape the far-reaching hand of the National Socialist government in the German Reich.
Now persons and law firms seeking restitution on the part of these victims of Nazi crimes during the war are certain that these secrecy laws are allowing Swiss banks to benefit from these assets which rightfully belong to Jewish victims and their heirs.
There are many points not fully understood about the situation. Firstly, a majority of the gold which the German government did exchange in Swiss banks during the war came from the treasuries of conquered nations, not individual victims.
This gold was certainly not generally funneled through any of the commercial banks now in existence in Switzerland. Most was done through an international bank located in Basel, a cooperative bank set up by the central banks of several countries, including the United States.
Through this bank, The Bank for International Settlements (BIS), the Swiss National Bank and financial institutions and central banks of many other countries were closely tied financially with Germany and the other Axis powers.
Additionally, most of the profiting done during the war was not accomplished by banks or countries in general, but rather by unscrupulous businessmen and the financial elites of many countries. Both playing allied and axis powers, hedging all bets and covering all angles so as to assure themselves of profits during, as well as after, the conflict.
A majority of the gold which the German government did exchange in Swiss banks during the war came from the treasuries of conquered nations, not individual victims.
While Switzerland did make concessions to Germany during the war, so did many other countries, some of them supposedly Allied nations, not neutral ones, like Switzerland.
The truth about the Swiss Nazi gold controversy & the involvement of U.S. banks and the Federal Reserve during the Second World War. This multi-layered central banker conspiracy dwarfs today's oil and other behind the scenes interests involved in the recent invasion, war and subsequent occupation of Iraq. This report opens up the sordid record of the American financial establishment and our central bankers to put trade before patriotism, profits before our troops during times of war and how this relates to our nation today in the "so called" latest conflict, The War on Terror by simply exchanging our collusion with Nazi Germany for collusion with Saudi Arabia and oil profits.
This special report links Switzerland's sometimes regrettable World War II activities with specific evidence suggesting a possible revenue trail from the Nazi gold sales to the Bank for International Settlements, located in Basel, Switzerland. This "bankers bank" was operated by the central banks of numerous other countries including certain American banks and possibly even the Federal Reserve!
Here in this report we trace the profits and financial accountability of all parties involved in these wartime activities and urge that these be investigated. Although Switzerland, certainly looked after her best interests during the war, we believe the finger of blame and any financial restitutions should be shared by all nations and institutions involved in this web of deceit, even those parties in the United States. Further, we believe the nation of Switzerland has been made a convenient scapegoat by special financial interests in the United States for competitive reasons rather than any basis in fact. We call on the U.S. financial institutions associated with the Nazi gold cover-up and gold trading profits to come clean on their involvement.
There is blame enough for all to share. Let's get to the bottom of the whole Nazi gold trading issue...the whole story.
Trading With the Enemy - The Whole Story chronicles Switzerland's sometimes regrettable wartime activities with the surprising revelation of possible U.S. involvement in the Nazi gold trading with Germany during World War II.
As the lone neutral democracy in Europe surrounded by the Axis powers, compromises were made by Switzerland to prevent invasion. We will discuss where the Nazi gold came from, how and why the gold was in Switzerland, and where it is now.
Although stolen Nazi gold was liquidated at the Swiss National Bank, learn how the deal making and trail of revenue from these activities may have flowed through the Bank for International Settlements (BIS) to their stockholder banks in New York City and Chicago.
While not a pretty picture of how the financial elite made money during the war, it is obvious that the guilt and financial accountability for the wartime Nazi gold activities extend far beyond Switzerland which I believe has been made a scapegoat in this controversy by special financial interests in the United States.
Other BIS central bank owners, U.S. banks owning BIS stock fronting for the Federal Reserve, and possibly even the Federal Reserve System itself should be prepared to accept their share of the blame.
Following are a few issues discussed in this special report and questions to be answered before the files are closed on the issue of the Nazi gold trading and "so- called" lost Swiss accounts.
"What does it matter, whether Switzerland has been able to give us the commercial advantages we desire, or has given too many to the Germans, to keep herself alive? Switzerland has remained a democratic state, standing for freedom in self-defense among her mountains, and in thought she has been, in spite of race, largely on our side." – Winston Churchill, 1944
It is clear that horrible injustices, as are characteristic of any war, were committed during World War II. However, those committed against the Jews by the Nazi government were so abhorrent, they inspire an immediate emotional response from most people who regard the complete injustice of the situation.
Particularly in light of revelations regarding possible Nazi gold and money stores placed in Switzerland by the Nazi government, many people around the world are prone to jump to the conclusion that Switzerland and Swiss banks, aided by their historic secrecy laws, have profited from millions of dollars of assets pilfered from Jewish victims of the Holocaust.
Indeed, these victims were shamefully stripped of all material possessions, down to the heisting of gold teen out of the victims' mouths in order to fund SS accounts and the German war effort.
Ironically, however, the Swiss Banking Secrecy Law, which was enacted before the war ever began, was originally meant to protect those German citizens, including many wealthy Jews, who were hiding their assets in Switzerland to escape the far-reaching hand of the National Socialist government in the German Reich.
Now persons and law firms seeking restitution on the part of these victims of Nazi crimes during the war are certain that these secrecy laws are allowing Swiss banks to benefit from these assets which rightfully belong to Jewish victims and their heirs.
There are many points not fully understood about the situation. Firstly, a majority of the gold which the German government did exchange in Swiss banks during the war came from the treasuries of conquered nations, not individual victims.
This gold was certainly not generally funneled through any of the commercial banks now in existence in Switzerland. Most was done through an international bank located in Basel, a cooperative bank set up by the central banks of several countries, including the United States.
Through this bank, The Bank for International Settlements (BIS), the Swiss National Bank and financial institutions and central banks of many other countries were closely tied financially with Germany and the other Axis powers.
Additionally, most of the profiting done during the war was not accomplished by banks or countries in general, but rather by unscrupulous businessmen and the financial elites of many countries. Both playing allied and axis powers, hedging all bets and covering all angles so as to assure themselves of profits during, as well as after, the conflict.
A majority of the gold which the German government did exchange in Swiss banks during the war came from the treasuries of conquered nations, not individual victims.
While Switzerland did make concessions to Germany during the war, so did many other countries, some of them supposedly Allied nations, not neutral ones, like Switzerland.
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