Do eight families make up a "Federal Reserve Cartel" and own the BIS (Bank for International Settlements), IMF (International Monetary Fund) and the World Bank? No, that's not true: These three institutions are not privately owned and are run by international governments, not eight of the wealthiest families in the world. Jewish control of major banks and financial institutions is a classic antisemitic conspiracy theory, according to reports from the Anti-Defamation League.
The claim appeared in an article (archived here) published by The Herland Report on February 16, 2022, under the headline "The Federal Reserve Cartel - Eight Families own the USA #BIS, IMF, World Bank." It opened:
Herland Report: Who owns the Federal Reserve? Read the story on the role of BIS, the World Bank and IMF in controlling world assets:
This is how the article appeared at the time of writing: