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A Little More from "Creature From Jekyll Island":

By: Decomposed in 6TH POPE | Recommend this post (0)
Sat, 17 Dec 22 4:17 AM | 42 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 38355 of 58654
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As I've read, I've been taking notes. What follows is a mishmash of my summaries and direct quotes. If it's quoted, you can figure that G. Edward Griffin wrote it. Otherwise I did.

Any typos/spelling mistakes/incorrect words are the fault of my voice recognition software since I didn't bother proofreading what I'd narrated. These were only notes, after all. I didn't know at the time that I'd be sharing them:


Bailout rules: 1) commercial banks in the industrialized nations, backed by their respective central banks, create money out of nothing and lend it to the governments of underdeveloped nations. 2) when the underdeveloped nations cannot pay the interest on their loans, the IMF and World Bank enter the game as both players and referees. Using additional money created out of nothing by the central banks of their member nations, they advance “development” loans to the governments which now have enough to pay the interest on the original loans with enough left over for their own political purposes. 3) the recipient country quickly exhausts the new supply of money, and the play returns to point number two. This time, however, the new loans are guaranteed by the World Bank and the central banks of the industrialized nations. Interest rates are lowered. 4) the plan is to keep the game going forever.

'Since this game results in a hemorrhage of wealth from the industrialized nations, their economies are doomed to be brought down further and further, a process that has been going on since Bretton Woods. The result will be a severe lowering of their living standards and their demise as independent nations. The hidden reality behind so-called development loans is that America and other industrialized nations are being subverted by that process. That is not an accident; it is the essence of the plan. A strong nation is not likely to surrender its sovereignty. Americans would not agree to turn over their monetary system, their military, or their courts to a world body made up of governments which have been despotic to their own people, especially since most of those regimes have already revealed anti-American hostility. But if Americans can be brought to the point where they are suffering from a collapse of their economy and from a breakdown in civil order, things will be different. When they stand in bread lines and face anarchy in their streets, they will be more willing to give up sovereignty in return for "assistance" from the World Bank and the UN "peacekeeping" forces. This will become even more acceptable if a structured demise of communism can be arranged a ahead of time to make it appear that the world's major political systems have converged into the common denominator of "social democracy. "'

These loans serve two purposes: They help to bring the western nations 'down.' And they get underdeveloped nations addicted to the money. The IMF is buying officials in these countries and gaining control of them.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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