A little-known bank in Switzerland controls the entire Russian economy. Yes, really. It also controls the Russian president, though he might argue the point. Perhaps Putin should’ve studied geoeconomics in addition to his scholarship at the KGB.
As an aside, Raiffeisen Bank International AG (RBI) also has $25 billion in net exposure in Russia. The Austrian bank is one of only a handful of international companies that still conducts business in Russia. It is not known whether RBI has any direct control over the Russian economy like the Swiss-based Bank for International Settlements clearly does.
The Bank for International Settlements, or BIS (pronounced BIZZ), is a veritable deep-pit mine, the equivalent of quadrillions of dollars.
From the BIS website:
Established in 1930, the Bank for International Settlements is the oldest international financial institution. From its inception to the present day, the BIS has played a number of key roles in the global economy, from settling reparation payments imposed on Germany following the First World War to serving central banks in their pursuit of monetary and financial stability.
What’s the significance of having a central bank within a country, and why should you concern yourself, your family, and colleagues?
The Secretive Central Banking System
Central banks are PRIVATE banks that control and manage each country’s pocketbook, especially personal income taxes from civilians.
America’s own Federal Reserve is a private bank that rides the waves of celestiophysical events that are directly responsible for creating all the world’s depressions, recessions, and the inflation and deflation of all currencies. The Fed controls the printing of America’s own currency and then, on order of the BIS, charges the US government interest on those loans.

The interest is growing each year, making it impossible for the US government to pay it.
How do the American people pay this usurious interest?
By the US Personal Income Tax: it goes directly to the BIS.
Last year, 2021, Americans paid more than $2.5 TRILLION in personal income taxes to the Bank for International Settlements. Not one penny of our hard-earned tax dollars went to building a bridge, supporting the military, or fighting terrorism. It all went digital and, at the speed of a T1 optic fiber, transmorphed to a special receivables account at the BIS.
But don’t worry, bridges are still being built, our military is still being funded and supported, and we are still somehow fighting terrorism.
The BIS Controls the Entire Russian Economy
Though largely not known, the entire Russian economy is under the strict control of the Swiss via the BIS. It can expand or contract the money markets within Russia and blame it on America or the UK. You might say the BIS is the bad cop hidden behind the black curtain, and it permits America, the UK, and other nations to look like the good guys in global economic affairs.
The BIS is the entity that has the power to limit or prevent Putin from converting foreign currencies into rubles. At the moment, they are disallowing this conversion, which further cripples the Russian economy. No one in Russia can get paid in anything but rubles and they have zero value outside of Russia.

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The BIS also controls the substantial funds (nearly a quarter-trillion dollars) belonging to Russian oligarchs and has the power to reduce their rubles to rubble. It also has the final say whether the Russian people will go broke (again) in 2023 and start those long bread lines. Again.
The combined mass of the hundreds of international companies that have (temporarily) quit Russia still does not compare to the galactic power of the BIS.
The list below shows 160+ different ways how the Bank for International Settlements controls the world’s economy. One hundred and sixty-five reasons to believe what I say to be 100% accurate and true.
Each entry is a separate and distinct, privately owned central bank located in a separate and distinct part of the world. These central banks cover the globe and know absolutely no boundaries, effectively erasing borders between even sworn enemies.
It includes the Central Bank of the Russian Federation, which Putin thought was under his control. A small note to Putin: you don’t even control rubble that once was the ruble.
The Previous Forecast for a Russian Recovery Is Now Postponed Indefinitely
Interestingly, the BIS in 2021 made what they felt was an accurate forecast about the Russian economy for 2022:
After the accelerated recovery, the Russian economy will slow down to its potential growth rate in 2022. Taking into consideration the structural measures implemented by the Government to boost the potential growth pace, it will probably edge up to 2–3% a year over the forecast horizon. Annual inflation will go down gradually from 2021 H2 as a result of the weakening impact of temporary factors and the effect of the earlier monetary policy decisions made by the Bank of Russia. Given the actual price growth rate in 2021 H1, we expect that inflation will reach 5.7–6.2% as of the end of the year. Next year, inflation will slow down to 4.0–4.5% and will stay close to the Bank of Russia’s 4% target further on.
A deterioration of the external economic environment and risk premiums in global financial markets will weaken the ruble, which will become a considerable, although temporary proinflationary factor. In order to limit risks to price stability, the Bank of Russia will need to substantially tighten its monetary policy in early 2023. As proinflationary risks lower and inflation expectations normalise, the Bank of Russia will ease its monetary policy, which will support the recovery growth of the economy in 2024.
Recently, Russia’s economy has demonstrated multiple times its ability to adjust to the changing environment. Regardless of how the situation unfolds, we [The Bank of Russia] will do our best to create necessary conditions to further develop the country’s economy and enhance its resilience. Monetary policy aimed at ensuring price stability and enabling a countercyclical response to changes in the economy is an essential condition for sustainable and well-balanced economic growth.

Unfortunately for Russians, Putin’s invasion of Ukraine has thrown the above scenario into a tailspin, with the ruble being reduced to rubble. The scenarios now appear as blue-sky wishes rather than real-world probabilities that would’ve seen Russia recover fully from the pandemic by 2024. Now though, it appears that Putin’s economy will be in a severe downturn for years to come, and we may even see the end of President Vladimir Putin himself, perhaps reduced to rubble like the ruble.
BIS Worldwide Offices
Representative Office for Asia and the Pacific:
Chief Representative: Siddharth Tiwari
78th floor, Two International Finance Centre
8 Finance Street, Central
Hong Kong SAR
People’s Republic of China
Tel: +852 2982 7100
Fax: +852 2982 7123
Representative Office for the Americas
Chief Representative: Alexandre Tombini
Torre Chapultepec
Rubén Dario, 281
11580 México, DF
Tel: +52 55 91385290
Email: [email protected]
The BIS-Owned Central Banks of the World
Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize
Benin: Central Bank of West African States (BCEAO)
Bermuda: Bermuda Monetary Authority
Bhutan: Royal Monetary Authority of Bhutan
Bolivia: Central Bank of Bolivia
Bosnia: Central Bank of Bosnia and Herzegovina
Botswana: Bank of Botswana
Brazil: Central Bank of Brazil
Bulgaria: Bulgarian National Bank
Burkina Faso: Central Bank of West African States (BCEAO)
Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Cameroon: Bank of Central African States
Canada: Bank of Canada – Banque du Canada
Cayman Islands: Cayman Islands Monetary Authority
Central African Republic: Bank of Central African States
Chad: Bank of Central African States
Chile: Central Bank of Chile
China: The People’s Bank of China
Colombia: Bank of the Republic
Comoros: Central Bank of Comoros
Congo: Bank of Central African States
Costa Rica: Central Bank of Costa Rica
Côte d’Ivoire: Central Bank of West African States (BCEAO)
Croatia: Croatian National Bank
Cuba: Central Bank of Cuba
Cyprus: Central Bank of Cyprus
Czech Republic: Czech National Bank
Denmark: National Bank of Denmark
Dominican Republic: Central Bank of the Dominican Republic
East Caribbean area: Eastern Caribbean Central Bank
Ecuador: Central Bank of Ecuador
Egypt: Central Bank of Egypt
El Salvador: Central Reserve Bank of El Salvador
Equatorial Guinea: Bank of Central African States
Estonia: Bank of Estonia
Ethiopia: National Bank of Ethiopia
European Union: European Central Bank
Fiji: Reserve Bank of Fiji
Finland: Bank of Finland
France: Bank of France
Gabon: Bank of Central African States
The Gambia: Central Bank of The Gambia
Georgia: National Bank of Georgia
Germany: Deutsche Bundesbank
Ghana: Bank of Ghana
Greece: Bank of Greece
Guatemala: Bank of Guatemala
Guinea Bissau: Central Bank of West African States (BCEAO)
Guyana: Bank of Guyana
Haiti: Central Bank of Haiti
Honduras: Central Bank of Honduras
Hong Kong: Hong Kong Monetary Authority
Hungary: Magyar Nemzeti Bank
Iceland: Central Bank of Iceland
India: Reserve Bank of India
Indonesia: Bank Indonesia
Iran: The Central Bank of the Islamic Republic of Iran
Iraq: Central Bank of Iraq
Ireland: Central Bank and Financial Services Authority of Ireland
Israel: Bank of Israel
Italy: Bank of Italy
Jamaica: Bank of Jamaica
Japan: Bank of Japan
Jordan: Central Bank of Jordan
Kazakhstan: National Bank of Kazakhstan
Kenya: Central Bank of Kenya
Korea: Bank of Korea
Kuwait: Central Bank of Kuwait
Kyrgyzstan: National Bank of the Kyrgyz Republic
Latvia: Bank of Latvia
Lebanon: Central Bank of Lebanon
Lesotho: Central Bank of Lesotho
Libya: Central Bank of Libya
Lithuania: Bank of Lithuania
Luxembourg: Central Bank of Luxembourg
Macao: Monetary Authority of Macao
Macedonia: National Bank of the Republic of Macedonia
Madagascar: Central Bank of Madagascar
Malawi: Reserve Bank of Malawi
Malaysia: Central Bank of Malaysia
Mali: Central Bank of West African States (BCEAO)
Malta: Central Bank of Malta
Mauritius: Bank of Mauritius
Mexico: Bank of Mexico
Moldova: National Bank of Moldova
Mongolia: Bank of Mongolia
Montenegro: Central Bank of Montenegro
Morocco: Bank of Morocco
Mozambique: Bank of Mozambique
Namibia: Bank of Namibia
Nepal: Central Bank of Nepal
Netherlands: Netherlands Bank
Netherlands Antilles: Bank of the Netherlands Antilles
New Zealand: Reserve Bank of New Zealand
Nicaragua: Central Bank of Nicaragua
Niger: Central Bank of West African States (BCEAO)
Nigeria: Central Bank of Nigeria
Norway: Central Bank of Norway
Oman: Central Bank of Oman
Pakistan: State Bank of Pakistan
Papua New Guinea: Bank of Papua New Guinea
Paraguay: Central Bank of Paraguay
Peru: Central Reserve Bank of Peru
Philippines: Bangko Sentral ng Pilipinas
Poland: National Bank of Poland
Portugal: Bank of Portugal
Qatar: Qatar Central Bank
Romania: National Bank of Romania
Russia: Central Bank of the Russian Federation
Rwanda: National Bank of Rwanda
San Marino: Central Bank of the Republic of San Marino
Samoa: Central Bank of Samoa
Saudi Arabia: Saudi Arabian Monetary Agency
Senegal: Central Bank of West African States (BCEAO)
Serbia: National Bank of Serbia
Seychelles: Central Bank of Seychelles
Sierra Leone: Bank of Sierra Leone
Singapore: Monetary Authority of Singapore
Slovakia: National Bank of Slovakia
Slovenia: Bank of Slovenia
Solomon Islands: Central Bank of Solomon Islands
South Africa: South African Reserve Bank
Spain: Bank of Spain
Sri Lanka: Central Bank of Sri Lanka
Sudan: Bank of Sudan
Surinam: Central Bank of Suriname
Swaziland: The Central Bank of Swaziland
Sweden: Sveriges Riksbank
Switzerland: Swiss National Bank
Tajikistan: National Bank of Tajikistan
Tanzania: Bank of Tanzania
Thailand: Bank of Thailand
Togo: Central Bank of West African States (BCEAO)
Tonga: National Reserve Bank of Tonga
Trinidad and Tobago: Central Bank of Trinidad and Tobago
Tunisia: Central Bank of Tunisia
Turkey: Central Bank of the Republic of Turkey
Uganda: Bank of Uganda
Ukraine: National Bank of Ukraine
United Arab Emirates: Central Bank of United Arab Emirates
United Kingdom: Bank of England
United States: The Federal Reserve Bank of New York
Uruguay: Central Bank of Uruguay
Vanuatu: Reserve Bank of Vanuatu
Venezuela: Central Bank of Venezuela
Vietnam: The State Bank of Vietnam
Yemen: Central Bank of Yemen
Zambia: Bank of Zambia
Zimbabwe: Reserve Bank of Zimbabwe
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