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Megabanks Megadebts

Megabanks Megadebts

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Published by Hal Shurtleff
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Gary Allen is author of None Dare Call It Conspiracy; The Rockefeller File; Kissinger; Jimmy Carter/Jimmy Carter; Ted Kennedy: In Over His Head. He is an AMERICAN OPINION Contributing Editor and also Editor of Insider Report.
• THE Trilateral Commission met in Rome on April 19, 1983. Three days later there was a meeting in Washington of the gnomes of the International Monetary Fund and the World Bank. Within a week, on April twenty-ninth, top members of the Club of Rome were gat
,
~.

I

-

~,

Gary Allen is author of None Dare Call It Conspiracy; The Rockefeller File; Kissinger; Jimmy Carter/Jimmy Carter; Ted Kennedy: In Over His Head. He is an AMERICAN OPINION Contributing Editor and also Editor of Insider Report.
• THE Trilateral Commission met in Rome on April 19, 1983. Three days later there was a meeting in Washington of the gnomes of the International Monetary Fund and the World Bank. Within a week, on April twenty-ninth, top members of the Club of Rome were gat

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Published by: Hal Shurtleff on Dec 24, 2011
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04/17/2014

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,
~ .
I-
~
,
 
GaryAllen
isauthorof
NoneDareCall
It
Conspiracy;
The
RockefellerFile;Kissinger;
Jimmy
Carter/Jimmy
Carter;
Ted
Kennedy:InOverHisHead.
Heisan
AMERICAN
OPINION
ContributingEditorandalsoEditorof
InsiderReport.
THE
Trilateral
Commission
met
inRomeonApril19,1983.
Three
dayslatertherewasameetinginWashingtonof
the
gnomesof
the
InternationalMonetary
Fundandthe
WorldBank.Withinaweek,onApriltwenty-ninth,topmembersof
the
ClubofRomeweregathered.Andallofthesemeetingswereheavilyguarded
and
heldbehindcloseddoors,aswas
SEPTEMBER
.
1983
the
meetingof
the
Bilderbergerelitistson
Maythirteenth
.
Then
came
the
highlypublicizedInternationalEconomic
Summit
at
Williamsburg,Virginia,on
Maytwenth-eighth,
closelyfollowedin
June
byemergen-cymeetingsof
the
European
EconomicCommunityin
Stuttgart
,Germany.Somethingvery
important
was
i
happening-allinsecret
and
all
~
25
 
involvingglobalbanking
and
money.
But
what?Consider
the
Williamsburgsummit.
The
Establishment
presscoveredeverythingfrom
the
graciouscolonialambienceofoldWilliamsburgtohowwellPresidentReagangotalongwithotherworldpotentates.
But
itfailedtoreportonecrucialpieceofnews,anitemwhichshouldhavemeritedheadline
treatment:
The
fact
that
theReaganAdministration
had
pledgedtheUnited
States
tocontributeanother
$50billion
to
the
Rockefeller-dominatedInternationalMonetaryFund!While
the
Americanpresseithermissedordeliberatelycoveredup
this
shocking
commitment,
the
secret
promisemadeheadlinesinthe
LondonFinan-cialTimes.
WhywereAmericans
kept
igno
rant
ofthismove?Simpleenough.
If
hard-pressed
Americans
had
learned
that
their
standard
oflivingwastobereducedtobail
out
thebigmoney-centerbanks
and
propupcor
rupt
socialistregimesoverseas,theirspiritofself-sacrificemighthaveprovedvery
thin
indeed.Infact,anenragedpublicmight
just
haveblackjackeda
timid
Congressintoflushingthewholescam.
TheI.M.F.Bankscam
Asreadersofthismagazinehavereasontobewellaware,
the
expansionof
the
U.S.contributiontotheInternationalMonetary
Fund
is
part
ofaschemeforbailing
outthe
hugeinternationalbanks
that
haveoverextendedthemselvesbymakinghighriskloanstoCommunist
andThird
Worldgovernments.Conceivedin1944by
CommunistagentHarry
DexterWhite
andFabian
Socialist
John
Maynard
Keynes,theLM.F.actsastheF.D.LC.of
the
world
and
funnels
bailout
funds
to
debtor
governmentswhich,alltogether,now
26
oweWesternbanks
and
Westerngovernmentsover$700billion.
The
BigBankshavesimplyarrangedfor
the
U.S.taxpayersto"socialize
their
risks"bypickingup
the
tab
for
bad
loans.To
facilitate
thisshift
of
the"OldMaid"
fromtheprivatebanksto
the
publictreasury,
the
U.S.isaskedagain
and
againtoincreaseitsaidof
theLM.F
.Free
Market
economistMurrayRothbardnotes
that
this
"is
reallyonlya
facadethrough
which
the
FederalReservecanflood
the
worldwithcounterfeitdollars.TheKeynesiansaredelightedby
this
stepto
ward
theachievement
of
their
dream
ofaworld
central
bank.
Ideally,sucha
bank
would
print
aworldmoney
unit
whichwouldbeusedbyallnations.Sincetherewouldbenobalanceofpaymentsproblemsorotherchecksassociatedwith
the
abuseofaninternationalcurrency,
the
world
bank
could
print
moneyforever-
that
is,therewouldbenocheckonworldinflation.'!"
The
U.S.Senatehasalreadyvotedtoappropriateawhopping$8.4billionto
the
LM.F.,
and
now-inaccordancewith
the
scriptlaid
out
bythebanking
Insiders
-
wantstoex
tend
that
toacolossal$50billionover
the
next
coupleofyears!Columnist
PatrickBuchanan
describes
the
situation
asfollows:"Aftertwoyearsofimmenseeco-
"BygoingtoaOneWorldcurrencyandaworldcentral
bank
,theOneWorlderscanavoidthenastyproblemswhichcharacterizeourpresentsystemoffree-floating
and
competingna
tionalfiat
currencies
and
fluctuating
exchangerates-problemswhichresultfromgovernmentsandcentralbanksdebauchingtheircurrencies
at
differentratesofinflation.Ifeveryonehadtouse
the
OneWorldfiatcurrency,itisreasoned,unevenmonetarydebaucherywouldnotbeshowedupasitisnowinthedailycurrencymarkets.
There
wouldbenocurrencymarkets-andeveryonewouldexperienceuniforminflation.Allcurrencywouldbecomeequallyworthless.
AMERICAN
OPINION

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