We Study Billionaires - The Investor’s Podcast Network BTC065: What does the BIS, IMF, & World Bank even do w/ Sam Callahan (Bitcoin Podcast)
Feb 16, 2022
Sam Callahan, an expert on global financial organizations, breaks down the complexities of the Bank for International Settlements (BIS), International Monetary Fund (IMF), and World Bank (WB). He explains the historical context and funding mechanisms of these entities, questioning their continued relevance. The conversation shifts to Bitcoin's potential to empower nations and disrupt traditional financial dependencies. Callahan also discusses how countries like El Salvador are using Bitcoin for independence, and the evolving relationship between Bitcoin and central bank digital currencies.
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BIS Overview
- The Bank of International Settlements (BIS) acts as a central bank for central banks, providing services like liquidity and credit.
- It also functions as a research center and event planner for central bankers.
BIS Legal Immunity
- The BIS operates under international treaty, granting it immunity from national and international laws.
- Its assets cannot be seized, and employees are exempt from taxes.
BIS History
- The BIS was created due to the Treaty of Versailles and Germany's post-WWI reparations.
- It aimed to stabilize Germany and facilitate international loans.
