The Journey To Jekyll Island

Part 5

This is the fifth installment in a series of chapter summaries from G. Edward Griffin's must-read book The Creature From Jekyll Island. This book may be the most important "red pill" available and we highly recommend that you read the full book. Buy it today at RealityZone.

G. Edward Griffin: Nearer to the Heart's Desire

Chapter 5 Summary: Nearer to the Heart's Desire

The IMF and the World Bank were created at a meeting of global financiers and politicians held at Bretton Woods, New Hampshire, in 1944. Their announced goals were to facilitate international trade and to stabilize the exchange rates of national currencies. The unannounced goals were quite different. They were the elimination of the gold-exchange standard as the basis of currency valuation and the establishment of world socialism.

The method by which gold was to be eliminated in international trade was to replace it with a world currency which the IMF, acting as the world central bank, would create out of nothing. The method by which world socialism was to be established was to use the World Bank to transfer money--disguised as loans--to the governments of the underdeveloped countries and to do so in such a way to insure the demise of free enterprise. The money was to be delivered from the hands of politicians and bureaucrats into the hands of other politicians and bureaucrats. When money comes from government, goes to government, and is administered by government, the result will be the expansion of government.

Mr Neutron said:

Part 5

This is the fifth installment in a series of chapter summaries from G. Edward Griffin's must-read book The Creature From Jekyll Island. This book may be the most important "red pill" available and we highly recommend that you read the full book. Buy it today at RealityZone.

G. Edward Griffin: Nearer to the Heart's Desire

Chapter 5 Summary: Nearer to the Heart's Desire

The IMF and the World Bank were created at a meeting of global financiers and politicians held at Bretton Woods, New Hampshire, in 1944. Their announced goals were to facilitate international trade and to stabilize the exchange rates of national currencies. The unannounced goals were quite different. They were the elimination of the gold-exchange standard as the basis of currency valuation and the establishment of world socialism.

The method by which gold was to be eliminated in international trade was to replace it with a world currency which the IMF, acting as the world central bank, would create out of nothing. The method by which world socialism was to be established was to use the World Bank to transfer money--disguised as loans--to the governments of the underdeveloped countries and to do so in such a way to insure the demise of free enterprise. The money was to be delivered from the hands of politicians and bureaucrats into the hands of other politicians and bureaucrats. When money comes from government, goes to government, and is administered by government, the result will be the expansion of government.

Click to expand...

let me correct you again, since EVERYTHING you have said thus far is incorrect, and you ignore my attempts at correcting you, but i won't stop.

the IMF and World Bank were created to facilitate financing for re-construction after WW2. there was nothing left in Europe after WW2, and they needed some sort of banking structure to finance the hundreds of millions of reconstruction projects urgently needed at the time.

now the IMF and World Bank have transitioned into a role that gives emerging economies much needed financing (WITH INTEREST, of course) when their coffers run dry. the IMF and World Bank are plagued with REAL and PERVASIVE CORRUPTION. scandals ranging from bankrolling prostitutes, to drug money laundering, the list is long and there are verifiable historical records pointing to a culture of criminality and impunity....

why don't you research some of these REAL issues with the IMF and Worldl Bank instead of listening to a storyteller who spreads nothing but unsubstatiated lies....??????????????

Part 6:Building the New World Order

The international version of the game called Bailout is similar to the domestic version in that the overall objective is to have the taxpayers cover the defaulted loans so that interest payments can continue going to the banks. *The differences are: (1) instead of justifying this as protecting the American public, the pretense is that it is to save the world from poverty; and (2) the main money pipeline goes from the Federal Reserve through the IMF/World Bank. *Otherwise, the rules are basically the same.

There is another dimension to the game, however, that involves more than mere profits and scam. It is the conscious and deliberate evolution of the IMF/World Bank into a world central bank with the power to issue a world fiat currency. *And that is an important step in an even larger plan to build a true world government within the framework of the United Nations.

Economically strong nations are not candidates for the surrendering their sovereignty to a world government. Therefore, through "loans" that will never be paid back, the IMF/World Bank directs massive transfer of wealth from the industrialized nations to the less developed nations. *This ongoing process eventually drains their economies to a point where they also will be in need of assistance. *No longer capable of independent action, they will accept a loss of sovereignty in return for international aid.

The less developed countries, on the other hand, are being brought into the New World Order along an entirely different route. *Many of these countries are ruled by petty tyrants who care little for their people except how to extract more taxes from them without causing revolt. *Loans from the IMF/World Bank are used primarily to perpetuate themselves and their ruling parties in power--and that is exactly what the IMF/World Bank intends. *Rhetoric about helping the poor notwithstanding, the true goal of the transfer of wealth disguised as loans is to get control over the leaders of the less developed nations. *After these despots get used to the taste of such an unlimited supply of sweet cash, they will never be able to break the habit. *They will be content -- already are content -- to become little gold-plated cogs in the giant machinery of world government. *Ideology means nothing to them: capitalist, communist, socialist, fascist, what does it matter so long as the money keeps coming. *The IMF/World Bank literally is buying these countries and using our money to do it.

The recent inclusion of Red China and the former Soviet bloc on the list of IMF/World Bank recipient countries signals the final phase of the game. *Now that Latin America and Africa have been "purchased" into the New World Order, this is the final frontier. *In a relatively short time span, China, Russia, and the Eastern European countries have now become the biggest borrowers and, already, they are in arrears on their payments. *This is where the action will lie in the months ahead.

Get the book for yourself or for others you want to wake up. *It reads like a mystery novel and is filled with colorful metaphors that make the seemingly complex world of banking very easy to comprehend.*Visit*RealityZone*for your copy today. Summary is re-printed with permission from G. Edward Griffin.

LOL The world bank and the IMF were created to indebt all the countries of the world.

Knowledge of the nature of money is essential to an understanding of the Federal Reserve. Contrary to common belief, the topic is neither mysterious nor complicated. For the purposes of this study, money is defined as anything which is accepted as a medium of exchange. Building on that, we find there are four kinds of money: commodity, receipt, fiat and fractional. Precious metals were the first commodity money to appear in history and ever since have been proven by actual experience to be the only reliable base for an honest monetary system. Gold, as the basis of money, can take several forms: bullion, coins, and fully backed paper receipts. Man has been plagued throughout history with the false theory that the quantity of money is important, specifically that more money is better than less. This has led to perpetual manipulation and expansion of money supply through such practices as coin clipping, debasement of the coin content, and, in later centuries, the issuance of more paper receipts than there was gold to back them. In every case, these practices have led to economic and political disaster. In those rare instances where man has refrained from manipulating the money supply and has allowed it to be determined by free-market production of the gold supply, the result has been prosperity and tranquility.

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

copied from

Part 8: Fool's Gold

Fiat money is paper money without precious-metal backing which people are required by law to accept. The first recorded appearance of fiat money was in thirteenth century China, but its use on a major scale did not start until colonial America. The experience was disastrous, leading to massive inflation, unemployment, loss of property, and political unrest. During one period when the Bank of England forced the colonies to abandon their fiat money, general prosperity quickly returned. The Revolutionary War brought fiat money back to the colonies with a vengeance. The economic chaos that resulted led the colonial governments to impose price controls and harsh legal tender laws, neither of which was effective.

Fractional money is defined as paper money with precious-metal backing for part, not all, of its stated value. It was introduced in Europe when goldsmiths began to issue receipts for gold which they did not have, thus only a fraction of their receipts was redeemable. Fractional money always degenerates into pure fiat money.

This is the eighth installment in a series of chapter summaries from G. Edward Griffin's must-read book The Creature From Jekyll Island. This book may be the most important "red pill" available and we highly recommend that you read the full book. Buy it today at RealityZone.