[size="4"][color="#008080"]Part XVII (of XVIII) : The IMF/World Bank Ogre[/color][/size]
The International Monetary Fund (IMF) is located in Washington DC. Across the street is the headquarters of the World Bank.
What are these organisation and who controls them, and most importantly are they about to create a huge worldwide depression?
[size="3"][color="#008080"]# World Government scheme[/color][/size]
Let us step back in time for a moment to the aftermath of WWI.
People were tired of war.
So under the guise of peacemaking, the international bankers devised a plan to consolidate power even further.
[color="#9932cc"][color="#ff00ff"]{ Note: The problem-reaction-solution paradigm (The Hegelian Dialectic) ââ¬â (1) The government creates or exploits a problem blaming it on others (2) The people react by asking the government for help willing to give up their rights (3) The government offers the solution that was planned long before the crisis }[/color]
[/color]
Claiming that only an international government would stem the tied of world wars, The Money Changers pushed forward a proposal for world government which stood on three legs:
(1) a world central bank to be called the Bank of International Settlements (BIS);
(2) a world judiciary to be called the World Court located in The Hague in the Netherlands;
(3) a world executive legislator to be called The League of Nations.
As president Clinton's mentor, Georgetown historian Carroll Quigley, wrote in his 1966 'Tragedy and Hope' :
[indent]"[color="#ff0000"]The powers of financial capitalism had [a] far reaching [plan], nothing less than to create a world system of financial control in private hands[/color] able to dominate the political system of each country and the economy of the world as a whole.
This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.
[color="#ff0000"]The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.[/color]
Each central bank ... Sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
[/indent]
Despite intense pressure from the international bankers and the press, a handful of US senators lead by senator Henry Cabot Lodge, kept the U.S. out of these schemes. Without US participation the League was doomed.
Incredibly, even though US rejected the world central bank, BIS, the New York Federal Reserve ignored its government, and arrogantly sent representatives to Switzerland to participate in the central bankers meeting right up until 1994, when the US was finally officially dragged into it.
With their world government scheme being thwarted, the bankers resorted to the old formula.
Another war to wear down the resistance to world government while reaping handsome profits. That is, WWII.
To this end Wall Street helped resurrect Germany through the Thyssen Banks which were affiliated with the Harrimans Interest in NY, just as the Chase Bank had assisted in the financing of the Bolshevik revolution in Russia during WWI.
Chase Bank was controlled by the Rockefeller family. Subsequently it was merged with the Warburgh's Manhattan Bank and formed the Chase-Manhattan Bank. Now this has merged with the Chemical Bank of NY making it the largest Wall Street bank.
[size="3"][color="#008080"]# Domination complete[/color][/size]
Their strategy worked.
Even before WWII was over world government was back on track.
In 1944, at Bretton Wood, New Hampshire, the International Monetary Fund and the World Bank were approved with full US participation.
The second League of Nations, renamed the United Nations, was approved in 1945.
Soon a new international court system was functioning as well.
All affective opposition to these international bodies before the war had evaporated in the heat of the war, just as planned.
These new organisations simply repeated on a world scale, what the National Banking Act in 1864, and the Federal Reserve Act of 1913, had established in the US.
They created a banking cartel composed of the world Central Banks, which gradually assumed the power to dictate credit policies to the banks of all nations.
For example, just as the Federal Reserve Act authorized the creation of a new national fiat called Federal Reserve Note, the IMF has been given the authority to issue a world fiat money called Special Drawing Rights (SDRs). To date the IMF has created an excess of $30 million worth of SDR's.
Member nations are been pressured to make their currencies fully exchangeable for SDR's.
In 1968, congress approved laws authorizing the Fed to accept SDR's as reserves in the US, and to issue Federal Reserve Notes in exchange for SDRs.
What does that mean?
In means that in the US, SDRs already a part of our lawful money.
And what about gold?
SDR's are already partially backed by gold and with two-thirds of gold now in the hands of central banks, The Money Changers can go about structuring the world economic future, in which ever way they deem most profitable.
Keep in mind, just as the Fed. is controlled by its board of governors, the IMF is controlled by its board of governors, which are either the heads of the different central banks or the heads of the national treasury departments dominated by their central banks.
Voting power in the IMF gives the US and the UK, that is to say the Fed. and the Bank of England, affective control.
[size="3"][color="#008080"]# World money and credit control -- nations in trouble[/color][/size]
Just as the Fed controls the amount of money in the US, the BIS, IMF, and World Bank control the money supply for the world.
So we see the repetition of the old goldsmith's fraud.
Replicated on the national scale, with central banks like the Fed and on the international scale by the three arms of the world central bank.
Is this organisation of the BIS, the IMF and the World Bank, which we refer to collectively as the World Central Bank, presently expanding and contracting world credit?
Yes.
Regulations put into effect in 1988 by the BIS, required the world bankers to raise their capital and reserves to 8% of liabilities by 1992.
Increased capital requirement put an upper limit to the fractional reserve lending similar to the way cash reserve requirements do.
What is this seemingly insignificant regulation made 8 years ago meant to the world?
[color="#ff0000"]It means our banks can not loan more and more money to buy more and more time, before the next depression, as a maximum loan ratio is now set.
[/color]
It means those nations with the lowest bank reserve in their systems have already felt the terrible effects of this credit contraction as their banks scramble to raise money, to increase their reserves to 8%.
To raise the money they had to sell stocks which depressed their stock market and began the depression first in their countries.
Japan, which in 1988 had amongst the lowest capital in reserve requirements and thus was the most effected by the regulation, has experienced the financial crash which began almost immediately in 1989 which has wiped out a staggering 50% of the value of its stock market since 1990 and 60% of the value of its commercial real-estate.
The bank of Japan has lowered its interest rates to 0.5% practically giving away money to resurrect the economy but still the depression worsens.
Due to the $20 billion bail out of Mexico the financial collapse in that nation is already known here.
Yet despite the bail out the economy continues to be a disaster.
One huge debt after another is rolled over as new loans are been made simple to enable Mexico to pay the interest on the old loans.
In the south of Mexico the poor had been in open revolt as every spare peso is been siphoned out of the country to make interest payments.
It is important to note that [color="#ff0000"]a radical transfer of power is taking place as nations become subservient to a supra-national world central bank controlled by a handful of the world richest bankers.[/color]
As the IMF creates more and more SDR's by the stroke of a pen on IMF ledgers, more and more nations borrow them to pay interest on their debts and gradually fall under the control of the faceless bureaucrat of the worlds central bank.
As the worldwide depression worsens and spreads this will give the world central bank the power of economic life and death over these nations.
It will decide which nations will permitted to receive further loans of SDR's and which nations will starve.
Despite all the rhetoric about the development and elevation of poverty, the result is [color="#ff0000"]a steady transfer of wealth from the debtor nations to The Money Changers central banks[/color] which control the IMF and the World Bank.
For example in 1992 the third world debtor nations which borrowed from the World Bank paid $198 million more to the central banks of the developed nations for world bank funded purposes than they received from the World Bank.
All this increases their permanent debt in exchange for temporary relief of poverty caused by prior borrowings.
Already these repayments exceed the amount of the new loans.
By 1992 Africa's external debt had reached $290 billion, two and a half times greater than 1980 resulting in skyrocketing infant mortality rates and unemployment, deterioration of schools, housing and the general help of the people.
The entire world faces the immeasurable suffering already destroying the third world and now Japan, all for the benefit of The Money Changers.
As one prominent Brazilian politician put it:
[indent]"The Third Word War has already started. It is a silent war. Not, for that reason, any less sinister. The war is tearing down Brazil, Latin America, and practically all the Third World. Instead of soldiers dying, there are children. It is a war over the Third World debt, one which has as its main weapon, interest, a weapon more deadly than the atom bomb, more shattering than a laser beam."
[/indent]Stay tuned...
The International Monetary Fund (IMF) is located in Washington DC. Across the street is the headquarters of the World Bank.
What are these organisation and who controls them, and most importantly are they about to create a huge worldwide depression?
[size="3"][color="#008080"]# World Government scheme[/color][/size]
Let us step back in time for a moment to the aftermath of WWI.
People were tired of war.
So under the guise of peacemaking, the international bankers devised a plan to consolidate power even further.
[color="#9932cc"][color="#ff00ff"]{ Note: The problem-reaction-solution paradigm (The Hegelian Dialectic) ââ¬â (1) The government creates or exploits a problem blaming it on others (2) The people react by asking the government for help willing to give up their rights (3) The government offers the solution that was planned long before the crisis }[/color]
[/color]
Claiming that only an international government would stem the tied of world wars, The Money Changers pushed forward a proposal for world government which stood on three legs:
(1) a world central bank to be called the Bank of International Settlements (BIS);
(2) a world judiciary to be called the World Court located in The Hague in the Netherlands;
(3) a world executive legislator to be called The League of Nations.
As president Clinton's mentor, Georgetown historian Carroll Quigley, wrote in his 1966 'Tragedy and Hope' :
[indent]"[color="#ff0000"]The powers of financial capitalism had [a] far reaching [plan], nothing less than to create a world system of financial control in private hands[/color] able to dominate the political system of each country and the economy of the world as a whole.
This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.
[color="#ff0000"]The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.[/color]
Each central bank ... Sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
[/indent]
Despite intense pressure from the international bankers and the press, a handful of US senators lead by senator Henry Cabot Lodge, kept the U.S. out of these schemes. Without US participation the League was doomed.
Incredibly, even though US rejected the world central bank, BIS, the New York Federal Reserve ignored its government, and arrogantly sent representatives to Switzerland to participate in the central bankers meeting right up until 1994, when the US was finally officially dragged into it.
With their world government scheme being thwarted, the bankers resorted to the old formula.
Another war to wear down the resistance to world government while reaping handsome profits. That is, WWII.
To this end Wall Street helped resurrect Germany through the Thyssen Banks which were affiliated with the Harrimans Interest in NY, just as the Chase Bank had assisted in the financing of the Bolshevik revolution in Russia during WWI.
Chase Bank was controlled by the Rockefeller family. Subsequently it was merged with the Warburgh's Manhattan Bank and formed the Chase-Manhattan Bank. Now this has merged with the Chemical Bank of NY making it the largest Wall Street bank.
[size="3"][color="#008080"]# Domination complete[/color][/size]
Their strategy worked.
Even before WWII was over world government was back on track.
In 1944, at Bretton Wood, New Hampshire, the International Monetary Fund and the World Bank were approved with full US participation.
The second League of Nations, renamed the United Nations, was approved in 1945.
Soon a new international court system was functioning as well.
All affective opposition to these international bodies before the war had evaporated in the heat of the war, just as planned.
These new organisations simply repeated on a world scale, what the National Banking Act in 1864, and the Federal Reserve Act of 1913, had established in the US.
They created a banking cartel composed of the world Central Banks, which gradually assumed the power to dictate credit policies to the banks of all nations.
For example, just as the Federal Reserve Act authorized the creation of a new national fiat called Federal Reserve Note, the IMF has been given the authority to issue a world fiat money called Special Drawing Rights (SDRs). To date the IMF has created an excess of $30 million worth of SDR's.
Member nations are been pressured to make their currencies fully exchangeable for SDR's.
In 1968, congress approved laws authorizing the Fed to accept SDR's as reserves in the US, and to issue Federal Reserve Notes in exchange for SDRs.
What does that mean?
In means that in the US, SDRs already a part of our lawful money.
And what about gold?
SDR's are already partially backed by gold and with two-thirds of gold now in the hands of central banks, The Money Changers can go about structuring the world economic future, in which ever way they deem most profitable.
Keep in mind, just as the Fed. is controlled by its board of governors, the IMF is controlled by its board of governors, which are either the heads of the different central banks or the heads of the national treasury departments dominated by their central banks.
Voting power in the IMF gives the US and the UK, that is to say the Fed. and the Bank of England, affective control.
[size="3"][color="#008080"]# World money and credit control -- nations in trouble[/color][/size]
Just as the Fed controls the amount of money in the US, the BIS, IMF, and World Bank control the money supply for the world.
So we see the repetition of the old goldsmith's fraud.
Replicated on the national scale, with central banks like the Fed and on the international scale by the three arms of the world central bank.
Is this organisation of the BIS, the IMF and the World Bank, which we refer to collectively as the World Central Bank, presently expanding and contracting world credit?
Yes.
Regulations put into effect in 1988 by the BIS, required the world bankers to raise their capital and reserves to 8% of liabilities by 1992.
Increased capital requirement put an upper limit to the fractional reserve lending similar to the way cash reserve requirements do.
What is this seemingly insignificant regulation made 8 years ago meant to the world?
[color="#ff0000"]It means our banks can not loan more and more money to buy more and more time, before the next depression, as a maximum loan ratio is now set.
[/color]
It means those nations with the lowest bank reserve in their systems have already felt the terrible effects of this credit contraction as their banks scramble to raise money, to increase their reserves to 8%.
To raise the money they had to sell stocks which depressed their stock market and began the depression first in their countries.
Japan, which in 1988 had amongst the lowest capital in reserve requirements and thus was the most effected by the regulation, has experienced the financial crash which began almost immediately in 1989 which has wiped out a staggering 50% of the value of its stock market since 1990 and 60% of the value of its commercial real-estate.
The bank of Japan has lowered its interest rates to 0.5% practically giving away money to resurrect the economy but still the depression worsens.
Due to the $20 billion bail out of Mexico the financial collapse in that nation is already known here.
Yet despite the bail out the economy continues to be a disaster.
One huge debt after another is rolled over as new loans are been made simple to enable Mexico to pay the interest on the old loans.
In the south of Mexico the poor had been in open revolt as every spare peso is been siphoned out of the country to make interest payments.
It is important to note that [color="#ff0000"]a radical transfer of power is taking place as nations become subservient to a supra-national world central bank controlled by a handful of the world richest bankers.[/color]
As the IMF creates more and more SDR's by the stroke of a pen on IMF ledgers, more and more nations borrow them to pay interest on their debts and gradually fall under the control of the faceless bureaucrat of the worlds central bank.
As the worldwide depression worsens and spreads this will give the world central bank the power of economic life and death over these nations.
It will decide which nations will permitted to receive further loans of SDR's and which nations will starve.
Despite all the rhetoric about the development and elevation of poverty, the result is [color="#ff0000"]a steady transfer of wealth from the debtor nations to The Money Changers central banks[/color] which control the IMF and the World Bank.
For example in 1992 the third world debtor nations which borrowed from the World Bank paid $198 million more to the central banks of the developed nations for world bank funded purposes than they received from the World Bank.
All this increases their permanent debt in exchange for temporary relief of poverty caused by prior borrowings.
Already these repayments exceed the amount of the new loans.
By 1992 Africa's external debt had reached $290 billion, two and a half times greater than 1980 resulting in skyrocketing infant mortality rates and unemployment, deterioration of schools, housing and the general help of the people.
The entire world faces the immeasurable suffering already destroying the third world and now Japan, all for the benefit of The Money Changers.
As one prominent Brazilian politician put it:
[indent]"The Third Word War has already started. It is a silent war. Not, for that reason, any less sinister. The war is tearing down Brazil, Latin America, and practically all the Third World. Instead of soldiers dying, there are children. It is a war over the Third World debt, one which has as its main weapon, interest, a weapon more deadly than the atom bomb, more shattering than a laser beam."
[/indent]Stay tuned...