Creature From Jekyll Island by G. Edward полностью

While the IMF is gradually evolving into a central bank for theworld, the World Bank is serving as its lending arm. As such, it hasbecome the engine for transferring wealth from the industrializednations to the underdeveloped countries. While this has loweredthe economic level of the donating countries, it has not raised thelevel of the recipients. The money has simply disappeared downthe drain of political corruption and waste.

R E M O U l L D I T | N E A R E R | T O T H E | H E A R T S | D E S I R E

This is an accurate rendering of the stained-glass window in the BeatriceWebb House in Surrey, England, headquarters of the Fabian Society. Itdepicts Sidney Webb and George Bernard Shaw striking the earth withhammers to "REMOULD IT NEARER TO THE HEART'S DESIRE." Notethe wolf in sheep's clothing in the Fabian crest above the globe.

Chapter Six

BUILDING THE NEW

WORLD ORDER

The Game-Called-Bailout reexamined and shown

to be far more than merely a means of getting

taxpayers to foot the cost of bad loans; the final

play revealed as the merger of all nations into

world government; the unfolding of that strategy

as applied to Panama, Mexico, Brazil, Argentina,

China, Eastern Europe, and Russia.

Let us return now to the game called bailout. Everything in the previous chapter has been merely background information to understand the game as it is played in the international arena.

Here, finally, are the rules:

1. Commercial banks in the industrialized nations, backed by their respective central banks, create money out of nothing and lend it to the governments of underdeveloped nations. They know that these are risky loans, so they charge an interest rate that is high enough to compensate. It is more than what they expect to receive in the long run.

2. When the underdeveloped nations cannot pay the interest on their loans, the IMF and World Bank enter the game as both players and referees. Using additional money created out of nothing by the central banks of their member nations, they advance "development" loans to the governments which now have enough to pay the interest on the original loans with enough left over for their own political purposes.

3- The recipient country quickly exhausts the new supply of money, and the play returns to point number two. This time, however, the new loans are guaranteed by the World Bank and the central banks of the industrialized nations. Now that the risk of default is removed, the commercial banks agree to reduce the interest to

^

—

V

108 THE CREATURE FROM JEKYLL ISLAND

the point anticipated at the beginning. The debtor governments resume payments.

4. The final play is — well, in this version of the game there appears to be no final play, because the plan is to keep the game going forever. To make that possible, certain things must happen that are very final, indeed. They include the conversion of the IMF

into a world central bank as Keynes had planned, which then issues an international fiat money. Once that "Bank of Issue" is in place, the IMF can collect unlimited resources from the citizens of the world through the hidden tax called inflation. The money stream then can be sustained indefinitely—with or

without the approval of the separate nations—because they will no longer have money of their own.

Since this game results in a hemorrhage of wealth from the industrialized nations, their economies are doomed to be brought down further and further, a process that has been going on since Bretton Woods. The result will be a severe lowering of their living standards and their demise as independent nations. The hidden reality behind so-called development loans is that America and other industrialized nations are being subverted by that process.