Tower of Basel: The Shadowy History of the Secret Bank That Runs the World (50 page)

BOOK: Tower of Basel: The Shadowy History of the Secret Bank That Runs the World
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genesis of,
210

       
lack of confidence in,
264

       
as political compromise,
232–233

       
problem with,
235

Europe, plans for unification of,
165–166
,
173–174

European Central Bank (ECB),
xxi–xxii
,
230
,
231
,
243–245
,
257
,
258

European Coal and Steel Community (ECSC),
167–168
,
171–172
,
210

European Commission,
210
,
257

European Cooperation Administration (ECA),
141
,
165

European Currency Unit (ECU),
210

European Economic Community,
192
,
219

European Economic Community Governors’ Committee,
209

European Monetary Cooperation Fund,
210

European Monetary Institute (EMI),
xxi
,
225
,
226
,
230

European Monetary System (EMS),
215
,
222

European Monetary Union (EMU),
xxi
,
210–213

European Movement,
173

European Parliament,
217
,
244
,
245
,
258

European Payments Union (EPU),
xxi
,
166–167
,
176
,
222

European Stability Mechanism,
248

European System of Central Banks (ESCB),
216
,
231

European Union (EU)

       
BIS, role of in,
208–211
,
258

       
founding of,
219

       
similarities of to Nazi postwar plans,
220–223

Eurotower,
226

Eurozone,
225
,
234–235

Eurozone crisis,
xx–xxi
,
252

Extraordinary General Meeting,
268

F

Fannie Mae.
See
Federal National Mortgage Association

Federal Home Loan Mortgage Corporation (FHLMC),
238

Federal National Mortgage Association (FNMA),
238–239

Federal Open Market Committee,
xiii
,
244
,
269

Federal Reserve System

       
accountability of,
244
,
268

       
blockage of BIS transactions by,
95
,
111

       
contrast with BIS meetings,
xiii

       
currency swap network of,
190

       
dual mandate of,
244

       
Financial Stability Board, membership in,
257

       
loan to Bank of England,
193

       
membership in BIS,
xviii
,
229–230

       
refusal of directorship in BIS,
32

       
representation at BIS meetings,
180

       
rescue packages, participation in,
206–207

       
See also
New York Federal Reserve

Fekete, János,
203
,
204

Financial News
, on transfer of Czech gold,
61–62

Financial Stability Board,
xxii
,
250
,
257

Finland,
129

Finlayson, H. C. F.,
23

First Eagle Funds,
242

First National Bank of Chicago,
xviii
,
21
,
32

First National Bank of New York,
xviii
,
21
,
96

Flick, Friedrich,
35

Ford, Edsel,
36

Ford, Henry,
104

Foreign Policy Association,
140

Fournier, Pierre,
65

France

       
Belgian gold in,
85

       
economic instability of,
230

       
euro, acceptance of,
231

       
as founding BIS member,
13
,
19–20

       
gold reserves of,
55–56

       
gold standard and,
42

       
incorporation into Third Reich,
79

       
loan from Bank Deutscher Lander,
175

       
in London Gold Pool,
188

       
Marshall Plan payments to,
146

       
referenda on European Union,
245–246

       
silver reserves,
56

       
Treaty of Paris (1951), signing of,
167

       
Treaty of Rome (1957), signing of,
217

       
World War I reparations payments to,
5–6
,
9
,
11
,
28
,
39

Franco, Francisco,
54
,
56

Frank, Hans,
153

Franklin National Bank,
207

Fraser, Leon,
15
,
18
,
34
,
38
,
88
,
96
,
99
,
123
,
147

Freddie Mac.
See
Federal Home Loan Mortgage Corporation (FHLMC)

Free Territory of Trieste,
166

Frere, Maurice,
132
,
167

Friedman, Milton,
68–69

Fromm, Bella,
48–49

Funk, Walther

       
imprisonment for war crimes,
159

       
Karl Blessing, protection of,
186

       
Kontinental-Öl, membership of board of,
184

       
Reichsbank, president of,
70
,
98

       
unified Europe, prediction of,
219
,
220–223

G

G10 governors’ meeting.
See
Economic Consultative Committee

G10 states,
191
,
193–194
,
207

G30 advisory group,
225

GAF.
See
General Aniline and Film

Gehlen, Richard,
182

General Agreement to Borrow,
191

General Aniline and Film (GAF),
36
,
100–102

General Motors,
104–105

George, Eddie,
242

German Credits Arbitration Committee,
74
,
76

German Potash Syndicate,
120

Germany

       
1930 elections, economic consequences of,
28

       
American investment in,
10
,
19
,
37

       
autarky, desire for,
35

       
Bank of Portugal, importance of in financial transactions,
114

       
Chase National Bank, relationship with,
106–108

       
Czechoslovakia, takeover of,
60

       
Enabling Act (1933),
33

       
European confederation, plans for,
221

       
as founding member of BIS,
xvii
,
20

       
Franco, provision of financial aid to,
55

       
gold, acquisition of,
86

       
industrial espionage in U. S.,
101

       
industrialists, postwar fate of,
157–163

       
modern economy,
223

       
Nazi party, postwar strategy of,
156–157
,
220–224

       
Nazi relationship with BIS,
xviii–xx
,
33
,
51
,
78–79
,
84–87
,
114–115
,
123
,
125–127
,
258

       
Poland, invasion of,
71

       
post–World War I conditions in,
6

       
postwar financial continuity in,
152–156

       
repatriation of gold reserves by,
263–264

       
SS (Schutzstaffel), financial empire of,
154–155

       
Treaty of Rome (1957), signing of,
219

       
See also
Reichsbank
;
reparation payments

Gewirtz, Paul,
107

Gilbert, Seymour Parker,
10

Gisevius, Hans Bernd,
160–161

Glass-Steagall Act (1933),
225
,
238

Global Economy Meetings,
xii
,
247

Globke, Hans,
182

Goering, Hermann,
105
,
183

Gold

       
Baltic gold, management of by BIS,
79–80

       
Bank of Greece’s missing gold,
23

       
Belgian gold reserves, fate of,
85–86

       
Czechoslovak gold affair,
59–63

       
gold exchange standard,
42

       
gold standard,
42

       
London Gold Pool (LGP),
xvi
,
188–189

       
looted,
xix
,
53
,
61
,
78
,
85
,
87–88
,
132
,
262–266

       
new emphasis on,
264

       
repatriation of German gold,
263

       
reserves of,
xxii
,
55–56

       
storage of in Switzerland,
115

       
Swiss-German gold-for-coal arrangement,
87

Gold Discount Bank,
9
,
106

Goldman Sachs,
257

Governors’ Meeting,
xii–xiii
,
49–50
,
256

Graffman, J. Holgar,
118

Grand Hôtel et Savoy Hôtel Univers,
22

Gray, Prentiss,
17

Greece,
xx
,
23
,
25
,
79
,
167
,
223
,
248
,
265

Greenspan, Alan,
228
,
243

Grose, Peter,
16

Gunston, Charles,
154
,
187–188

H

Hackworth, Green,
160

Haeften, Werner Karl von,
99

The Hague Arbitral Tribunal,
242

Hague Conference (1929-1930),
13

Hague Convention,
20

Haldane, Andrew,
269
,
271

Hall, Richard,
167
,
176
,
198–199
,
209

Hamburg-American Line,
156

Hanes, John Wesley,
64

Hanfstaengel, Ernst,
76–77

Hansard
,
63

Harriman, Averell,
137
,
140
,
144
,
145

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