IMF, World Bank, and Global Financial Control

Origins and Goals:

• The IMF and World Bank, established post-WWII (Bretton Woods, 1944), are rooted in plans for a global financial structure to prevent wars and centralize economic power.
• Their aim, as described by historian Carol Quigley, is a global financial control system managed by private interests to dominate economies and politics.

Structure and Influence:

• IMF: Governed by central banks and treasury departments, it issues Special Drawing Rights (SDRs), functioning as a global fiat currency to influence liquidity and credit policies.
• World Bank: Focuses on lending for development projects, impacting economic growth in developing nations.
• Both institutions exert significant influence on global finance, akin to the Federal Reserve’s role in the U.S.

Bank for International Settlements (BIS):

• Coordinates international banking policies, including capital requirements for global banks.
• Regulatory policies have caused economic shocks, such as Japan’s downturn in the 1980s due to tightened credit.

Concerns:

• Economic Control: These institutions’ policies shape global credit and liquidity, potentially destabilizing economies.
• Global Depression Risk: Critics argue that their mechanisms could lead to worldwide financial crises.

This system of international financial governance mirrors national central banking on a global scale, with vast implications for economic stability and sovereignty.

Video and summary at 26. IMF/World Bank {11:51 minutes}”
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