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Fed Tag

The Bank of Credit and Commerce International (BCCI) was a useful tool for many powerful clients, ranging from the CIA and the Medellín cartel to Osama bin Laden, al-Qaeda, and influential figures in both the Republican and Democratic parties of the USA. When BCCI was finally shut down, as much as $15 billion had been lost or stolen—the biggest bank...

The IMF and the World Bank, were created at a meeting of global financiers and politicians held at Bretton Woods, New Hampshire, in 1944. Their announced goals were to facilitate international trade and to stabilize the exchange rates of national currencies. The unannounced goals were quite different. They were the elimination of the gold-exchange standard as the basis of currency...

The following conversation was published in the British weekly magazine of humour and satire, Punch. (April 1957) It is a nice mental exercise to loose the mind for the thread about the bearer bonds and gold topic occuring through the Maier files history. Q. What are banks for? A. To make money. Q. For the customers? A. For the banks. Q. Why doesn't bank advertising...