Few have heard of the semi-secret bank headquartered in the 16-story glass and steel tower that soars into the ice blue sky above Basel, Switzerland. But the Bank for International Settlements (BIS), a former financial facilitator for Hitler’s Third Reich, stands today as the most powerful bank in the world.
The bank for International Settlements is the central banker’s central bank and as such sets the agenda and dictates to the 60 major central banks of the world - this includes the U.S. Federal Reserve Bank, the People’s Bank of China, the European Central Bank, the National Bank of Russia and the 56 other central banks on the planet.
Exposing the BIS and its current “Bail in†agenda, which enables failing banks to confiscate their depositor’s money and convert it to bank stock, has served as the basis for recent books by former banker and Hollywood money manager to the stars, John Truman Wolfe.
Documenting the fact that the U.S. banking Goliaths, B of A, Citibank, JP Morgan Chase, Wells Fargo, Goldman Sachs, are contaminated with hundreds of trillions of dollars of derivatives - what Wolfe refers to as “fiscal anthrax†- he felt it important to provide readers with choices and information about alternative banks in which they could place their money – banks that are safer, more secure and better managed.
Bail in policy was implemented for all European banks on January 1, 2016. Canadian banks became subject to bail ins on March 22, 2016. In December of 2012, the FDIC and the Bank of England quietly issued a joint memo on how Bail ins would work in their respective countries.
Wolfe sees a banking crisis on the horizon, a crisis that will bring Bail ins with it. The material in Wolfe’s new book gives readers ways to protect themselves by placing their funds in one of the 27 Best Banks in America.