OCCULT THEOCRASY
BY LADY QUEENBOROUGH (EDITH STARR MILLER)
PUBLISHED POSTHUMOUSLY
FOR PRIVATE CIRCULATION ONLY - September 4,1933

http://www.archive.org/details/OccultTheocrasy

CHAPTER CXXXVII

THE INTERNATIONAL BANK
(Founded 1930)

   The Internationalization of finance reached its apotheosis when, on April 23 1930 the International Bank at Basle, commissioned to enrol the central banks of nine nations in its membership, was founded.
   As for the delegates from the different countries attending the meeting their names signify little for, owing to the speed and unanimity with which official appointments were made, it is evident that they were all instructed, or, in other words pledged, to obey orders. By whom were the orders given ? History may answer that question some day!
   Mr. Gates McGarrah was elected chairman of the board of directors with Mr. Leon Frazer his deputy and Sir Charles Addis and Dr. Melchior were elected vice-chairmen.
    The significance of this international institution was commented upon in an article entitled " Mammon being enthroned" by " Arthurian" in the Referee dated Sunday, April 13, 1930, in the following terms which, while constituting a warning to the English people, is actually an appeal to the people of the world.
    " One is amazed at the equanimity with which Sir Charles Addis describes the difficulty of enabling the Bank for International Settlements to avoid interference with the Sovereign Rights of the people of each of so many countries ! Surely the possibility alone ought to be adequate condemnation of the bank. The opening for chicanery, brute force, bribery, corruption and war, in the supposed solution of this problem, is unprecedented in the history of the world ...
    " The Bank is to exist for fifty years, if it can ; it is to pay no taxes during all that time ; and its assets and deposits are to be immune from seizure, confiscation, and censorship, in peace or war ; it is also to be subject to no restriction or prohibition of any kind on its imports and exports of gold or currency. So little do Government decisions regarding the Bank really count that, before the scheme has been sanctioned, the first part of the subscription has already been subscribed . The Bankers and business men to be associated are to ensure that there will be no uncertainty about the business that the Bank will promote, the ' money troubles which lie at the root' of the industrial depression and financial uncertainty are, of course, going to be cured by them — so they say. The Governor of the Bank of England (Mr Montagu Norman) is going to be a director of this foreign Bank. What an honour ! This Board, with the daily lives of hundreds of millions of people at its mercy, is going to meet at least ten times a year — four times at Basle... 'The Bank owes allegiance to no single Government. ' It need keep no currency reserve...
  "This Bank that owes no allegiance to anyone can do as it likes,.... Mammon is enthroned upon the world, to make what profits it can, with unrestricted powers, for fifty years ! In addition to its extraordinary powers, it has control of the ' Machinery of Reparations ' which contains the means by which the wherewithal to liquidate Reparations can be squeezed out of the receivers at a profit to the payers ....
Economic control involves political control as well as every other control of any people. Truly, the megalomania of finance never went further, truly, there has never been anything like it in the world before...
   " People of England ! Remember how the stranglehold of the Bank of England on all the other banks, on all the other financial houses, upon every business and upon every home and family has grown from the comparatively negligible sum of £1,200,000 of similar credit free of interest and the 'usufruct' thereof. This new usufruct will be the impoverishment, debasement, extinction, and disintegration of all that the masses of this country care for, and the certain decline and fall and redistribution, into foreign hands, of the British Empire...
   " In this country we have asked for the creation of interest-free credit to be lent to the people to be used for the production of wealth by and for the people, but by a great conspiracy of silence the idea is being suppressed. The hidden prize is not intended for us. Only those who have been swindled on a race-course by three-card trick men can realize what is now being done to all the peoples of the Allied countries by a debased money and credit-upon-credit trick, the like of which has never been attempted in the world before...
   " The alleged £ 80,000,000 per annum that Germany is supposed to pay to the United States for fifty-nine years is a delusion and a snare. But the aim of the section of Wall Street repudiated by President Hoover, which initially promoted the idea of the Plan (The Young Plan), is that, through Germany, this section of Wall Street shall dominate the world. "