Alphabet Soup of Global Banking


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FilthyRich's picture

Follow the Money.

The IMF. The BIS. The IBRD. The IDA. What are these entities?

They are the essential parts of the World Bank. The World Bank was created in 1944 as an instrument to rebuild Europe after World War II under the guise of "global poverty reduction and the improvement of living standards". Yet, "In reality, the World Bank carries its weight, along with the International Monetary Fund and the Bank for International Settlements, to forcibly integrate minor countries of the world into its own brand of capitalistic democracy. "

The World Bank, through the IMF, IBRD & IDA, essentially is THE Central Bank of all the world's host countries' central banks, operating a worldwide ponzy scheme, free to do its bidding manipulating world currencies and accountable to no one. Each host country pays its "dues" to the World Bank with their taxpayers' money.

To explain its origins and how it has evolved into the global force it is today, a group called The August Review has prepared three papers that outline the functions of each of these entities.
Each one of these essays are quite long and detailed (although not by any means comprehensive nor exhaustive). Keep in mind that central banks more often than not are NOT government entities; rather they are PRIVATE banks created by multinational bankers like J.P. Morgan and others which LOAN money to governments. You will want to read each of these essays in order to get a feel of how this all fits together.

  1. Global Banking: The Bank for International Settlements - BIS
  2. Global Banking: The International Monetary Fund - IMF
  3. Global Banking: The World Bank

As you read though each essay, make note of the players involved. In examining World Bank's presidents, a pattern emerges: seven out of ten are members of the Council on Foreign Relations; four are members of the Trilateral Commission, seven have major global bank affiliations (Chase Manhattan, J.P. Morgan, Bank of America, First Boston, Brown Brothers, Harriman, Salomon Brothers, Federal Reserve), and four men were directly connected to Rockefeller interests. One can infer this was not by coincidence.

The World Bank and all its entities have played this shell game for decades. The August Review summarizes the World Bank thusly:

  1. of the two architects of the World Bank, one was a top Soviet communist agent (Harry Dexter White) and the other was a British idealogue (John Maynard Keynes) totally dedicated to globalism
  2. From the beginning, the Bank has been dominated by international banking interests and members of the Council on Foreign Relations and later by the Trilateral Commission
  3. the cry of "poverty reduction" is a sham to conceal the recycling of billions of taxpayer dollars, if not trillions, into private hands
  4. the cry of "poverty reduction" defuses critics of the Bank as being anti-poor and pro-poverty
  5. corruption at the World Bank goes back decades, if not all the way to the very beginning

The World Bank is likely to continue to operate despite any amount of political flack or public protest. Such is the pattern of elitist-dominated institutions. Such is the history of the International Monetary Fund and the Bank for International Settlements.

There are few public officials that are aware of the criminal activity of the World Bank, like Bernie Sanders, Ron Paul, Richard Lugar. But their voices are too few and far between. The World Bank will continue to operate under their self-mandated secrecy, immunity and unaccountabilty. I'm open for suggestions.

Please visit The August Review Global Elite Research Center for more information.
http://www.augustreview.com/

Submitted by Ellen on March 3, 2006 - 10:29pm.

John Perkins, author of Confessions of an Economic Hit Man, mentions Bank and IMF as he describes 'corporatocracy.'  I'd like to summarize some of this, as it all fits in and is VERY FRIGHTENING.

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