The Forgotten Institution Behind Gold’s Coming Surge

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of Nomi Prins and her team of global experts. You’ll find all our issues [here](. And if you have questions or comments, shoot us a note anytime [here]( or at feedback@rogueeconomics.com. The Forgotten Institution Behind Gold’s Coming Surge By Nomi Prins, Editor, Inside Wall Street with Nomi Prins Yesterday, I wrote to you about a [huge catalyst coming to the gold markets]( The international banking regulations known as the Basel Accords. I told you about the effect the most recent one – Basel III – is set to have on global central bank gold-purchasing policies. Today, I want to take you back to the beginning… To the year the Bank for International Settlements (BIS) was born. That’s the entity behind the Basel Accords. It was set up in 1930 in Basel, Switzerland. Germany was defaulting on its World War I reparations payments. At first, the BIS dealt with German reparations matters. But it soon became one of the most important financial institutions in the world. And yet, most people still don’t know it exists. It’s rarely mentioned by the mainstream media. But it plays a key role in how the world of finance works. And as I showed you yesterday, it has a [huge influence over global central banks’ gold-buying policies](. To add to the intrigue, it was initially financed by none other than J.P. Morgan & Company and the New York Fed. [Featured: Millionaire Trader Drops Bombshell… “The Only Trade You Will Ever Need”]( I wrote about the foundation of the BIS in my 2014 book, All the Presidents’ Bankers: The Hidden Alliances That Drive American Power. So today, I’m sharing an extract of that book with you. It’s all about how the Bank for International Settlements came to be… the key people behind it… and the secret motivations behind their involvement. It also shows the influence bankers have held over American presidents – and international politics – for decades. You’ll also see several parallels with how central bankers and the U.S. government reacted to the 2008 financial crisis. Recommended Link [Elon’s “Final Act”]( [image]( It’s like he can see the future… As reported by CNBC, in 1992, when Elon Musk was just a college student, he predicted five technologies would change the world in his lifetime. Amazingly, decades later, 4 out of 5 have come true: - Internet - Artificial Intelligence - Electric Energy - Private Space Travel - ?? All that’s left is #5. And it’s rolling out the door now… [Click Here to See Elon’s Final Prediction.]( -- Cast of Characters Here are some names you’ll want to keep in mind as you read the extract… President Calvin Coolidge: Served as U.S. President from 1923 to 1929. Charles Dawes: Served as budget director under President Warren Harding. Instrumental in facilitating the $500 million Anglo-French loan that the Morgan Bank managed during World War I. Appointed in 1923 by President Coolidge to propose a plan to set an achievable level of German reparations and figure out how to balance the German budget and stabilize its economy. John Foster Dulles: Grandson of former secretary of state John W. Dulles, and nephew of President Woodrow Wilson’s secretary of state, Robert Lansing. Served briefly as Republican U.S. Senator for New York in 1949. Later served as Secretary of State under President Dwight D. Eisenhower from 1953 to 1959. President Herbert Hoover: Served as U.S. President from 1929 to 1933. Thomas Lamont: Partner, then acting head of J. P. Morgan Bank, 1911-1943. Chairman of J. P. Morgan & Company, 1943-1948. Worked closely with President Wilson on the Treaty of Versailles and promoted the League of Nations. Also allied with President Hoover and President Roosevelt. Recommended Link [Shocking Demonstration: What Would You Choose?]( Would you rather have two dollars, or two rolls of shiny, copper pennies? It’s not a trick question, but the results might surprise you. [image]( Because if you understand the secret behind this demonstration, you could use it to earn incredible wealth in the months ahead. [Click here to see the correct answer – and find out what it means for your money.]( -- Gates McGarrah: First chairman of New York Fed, 1925-1930. Executive Committee chairman of Chase, 1926-1930. First head of the Bank for International Settlements, 1930-1933. Charles Mitchell: Chairman of National City Bank, 1929-1933. Allied with President Coolidge. Jack “J. P.” Morgan (J. P. Morgan Jr.): Head of the Morgan Bank, 1913-1943. Allied with President Wilson for war financing efforts in World War I. Supported President Roosevelt. Albert “Al” Wiggin: Chairman of Chase, 1917-1933. Helped establish the Bank for International Settlements in 1930. [Featured: If you’ve got any money in a U.S bank account or retirement plan… Click Here]( Owen Young: American banker. Chair of the 1929 committee to re-examine German reparations. The committee presented its findings in June 1929. Young’s plan established a final reparation figure. And it agreed a payment schedule that would see reparations completed by 1988. This was the first time a final date had been set. The “Young Plan” was ratified by the German government on March 12, 1930. Roy Young: Chairman of the Federal Reserve, 1927-1930. Appointed by President Coolidge. And here’s some context for some of the terms mentioned in the extract… Treaty of Versailles: The most important of the peace treaties of World War I. Ended the state of war between Germany and the Allied Powers. Signed on June 28, 1919, in the Palace of Versailles. Recommended Link [[VIDEO] Why Your Next Flat Tire could Bankrupt You]( Soon a deadly economic force could drive the price of tires from $120… to $1,200 PER TIRE! [image]( Few people alive today have seen this force before… Yet each of the 30 times it struck throughout history… Once-upstanding citizens, with plenty of money, were thrust into poverty. [Follow this simple action plan]( — and you’ll be able to protect your family. You could even emerge from this crisis much richer than you are right now. [Click here for full details.]( -- German reparations problem: Demanding compensation from the defeated party was a common feature of peace treaties. Reparations were intended for reconstruction and compensating families who had been bereaved by World War I. But Germany continued to default on her obligations. Isolationist wave: Isolationists believe that countries should only be concerned with their own issues. They did not support becoming involved with other countries in matters such as war. Pecora Hearings: In 1932, the Senate Banking Committee began an investigation of the nation’s financial sector. The hearings were named after Ferdinand Pecora, the Banking Committee’s lead counsel. The hearings ultimately exposed how financial institutions knowingly misled investors about certain securities, engaged in irresponsible investment behavior, and offered privileges to insiders not afforded to ordinary investors. To read the excerpt, [follow this link](. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. Last week, I released a special briefing about today’s hidden alliances impacting your wealth. Thanks to these alliances, we’re on the brink of the greatest wealth transfer in history… and you can profit if you know what’s coming. [Click here to learn more]( so you don’t miss out. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: The Forgotten Institution Behind Gold’s Coming Surge). --------------------------------------------------------------- MAILBAG What other questions do you have for Nomi about the Bank for International Settlements, and how it impacts gold’s price today? Are you adding this inflation-fighting metal to your portfolio? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: The Forgotten Institution Behind Gold’s Coming Surge). IN CASE YOU MISSED IT… [Silicon Valley Millionaire Demos How to Collect 3-Digit Gains With Less Than $100]( Trade ONE stock… ONCE per month… and walk away with massive gains? 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