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.

NOW, before you BLAST me for posting ANYTHING by Ron Paul (R-TX) I'd like you to consider this position, because even though Ron Paul is VERY conservative on social issues, his "conservative" economic viewpoint has addressed many issues progressively, from Corporate Welfare to our Fiat Money System. IN FACT, Ron Paul was one of only SIX GOP that voted NO on the Resolution to Use Force in Iraq (See HR RES 114 - Roll Call Vote - the other GOP were Duncan, Hostettler, Houghton, Leach & Morella, fyi).

From -t r u t h o u t-

With special thanks to Mad4Clark's recent blog post It's Not Just Detroit!, for bringing to light just how destructive the gwb administration's fiscal policies are to the vitality of our economy and country's security. Amazing this story actually ran in the wimpy USA Today!

But this destruction has been going on a long time and there have been impending signs of Economic DOOM for years; these policies are coming home to roost now, as we're seeing in the airline industry, manufacturing (think General Motors and Delphi) and Wal-Martization of America. One of the biggest problems has been Fed Chariman Allen Greenspan's manipulation of the money supply and interest rates. Let's go to the "videotape" as it were, from The Great Mogambo Guru's Medicinal Silver from Oct. 26, 2005:

In this edition The Great Mogambo Guru tells us all about How Money is Made, Inflation, The Federal Reserve Bank ("after all, just a damn private bank that has been given pure monopoly power over the money, credit, and all the other banks in the USA") and the concepts of Fractionalized Banking.

Love him (few do), Hate him (like most every other economist) or remain simply CONFUSED by him, I present to you...

The Great Mogambo Guru - MONETARY INSANITY

Today I will be taking us on a little field trip, away from the hallowed halls of Mogambo Extreme University (MEU). So follow along in your Mogambo Guidebook Of Monetary Insanity (MGOMI) as we take you to where credit is created in that wonderful, magical place in Central Bank Fairy Tale Land. This spooky place is where the little magic fairies at the Federal Reserve come out and dance by the light of the moon, sit on toadstools, and literally increase the amount of potential credit in the banking system by waving a magic wand, or sacrificing babies, or pressing a button, or something. And this sudden supply of fresh credit drives down the interest rate as it swamps instantaneous demand for credit. Then, the next thing you know, total debt is up as people rush to borrow this new, cheap credit. Not surprisingly, all this increased demand for credit did NOT increase the interest rate, which you would expect, as the supply of credit expanded beforehand! And even better, in doing so - like magic! - borrowers create money at the very instant - poof! - that they sign the loan papers!