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.

Read Next: Russia skating around sanctions in Ukraine, report says

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