Earlier in parts 1, click here , 2, click here , and 3, click here , conspiracy theory was shown to be irrelevant to the question. The American Round Table, the Federal Reserve System, the League of Nations, the Council on Foreign Relations and the American Liberty League were identified and discussed as knots on the thread of money and power.
Part 4 begins with the next knot, the 1944 Bretton Woods Conference. The United Nations, the Central Intelligence Agency and the Bilderberg Group are also discussed.
1944 Bretton Woods Conference: Dealing with issues of currency and trade, delegates of 44 allied nations agreed to currency exchange rates in terms of gold. Agreements provided for the formation of the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (World Bank), the General Agreement on Tariff and Trade (GATT) and the International Trade Organization (ITO).
Of these, the proposed ITO would have compelled loss of sovereignty in trade disputes. It failed ratification by the Senate. Later it would be revived however as GATT morphed into the World Trade Association (WTO). Convertibility to gold would cease in 1971 when Nixon unilaterally abrogated the agreement. Since, the U.S. dollar has served as the currency reserve for the world. China and other creditor nations hold the key with respect to how long this might continue.
Lending funds to countries with balance of payment difficulties is an IMF function. Additionally its capabilities include monitoring economic and financial developments and providing technical assistance to developing countries.
Following reconstruction and development in Europe, the World Bank concentrated on infrastructure needs such as port facilities, highways, and power plants in the developing world. Prior to loan grants, engineering studies to demonstrate repayment capabilities were needed. Repayment capabilities, however, were often fabricated.
Projects would be created with no chance of repayment. American international companies would benefit from multiple contracts. With project failure, debtor nations required more loans to continue paying interest. To obtain them required austerity and privatization programs. Foreign capital would rush in to privatize segments of the countries public ownership on favorable terms and the general population would be deprived of services, meager as they may have been even before.
As Major General Butler had previously "made the world safe" for U.S. banking and corporate interests, John Perkins has told us how these same interests have perverted the idealistic goals of the IMF and World Bank in his two books, Confessions of an Economic Hit Man and The Secret History of the American Empire: The Truth about Economic Hit Men, Jackals, and How to Change the World.
Of the former, Confessions, a reviewer wrote, "A fascinating insider's view of how private multinational companies legally rob the poor of the third world, country after country". Perkins writes, "They funnel money from the World Bank, the U.S. Agency for International Development, and other foreign 'aid' organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources."
Of the latter, The Secret, a reviewer wrote, "disturbing accounts of the American government wreaking havoc around the world in support of American business". The author states, "They run our largest corporations and, through them, our government. They cycle through the "revolving door' back and forth between business and government. Because they fund political campaigns and the media, they control elected officials and the information we receive".
The United Nations (UN): Established in 1945, plans for it were developed by CFR members within the State Department who joined together as the Informal Agenda Group to assist President Roosevelt in post-war planning. Upon receipt of their UN proposal, FDR publically announced it the next day. U.S. delegates to the San Francisco founding meeting included 47 members of the CFR.
John Foster Dulles was one of these members. He wrote War or Peace. In it he wrote, "The United Nations represents not a final stage in the development of world order, but only a primitive stage".
Central Intelligence Agency (CIA): The CIA has been called the military wing of the CFR. Growing out of WWII's Office of Strategic Services, the National Security Act of 1947 established both the National Security Council and the CIA. Planning for the CIA had been earlier undertaken by Major General William J. Donovan. From the beginning overt and covert methods as well as subversive operations abroad were contemplated. A later Act provided for the secrecy and concealment of the Agency's budget and spending. In his earlier life as a lawyer, Donovan was associated with and did projects for these earlier discussed prominent names in banking; the Rothschilds, Rockefellers, and Morgans.
Admiral Sidney Souers was the CIA's first director. Both he and Donovan were members of the CFR. Since 1966, every CIA Director has been a CFR member. This includes Leon Panetta, the current director.
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