In 1990, the U.S. Export-Import Bank announced it would begin making direct loans to Russia. Meanwhile, the U.S. Overseas Private Investment Corporation was providing free "insurance" to private companies that were willing to invest in the ex-Soviet state. In other words, it was now doing for industrial corporations what it had been doing all along for banks: guaranteeing that, if their investment turned sour, the government---make that the taxpayers---would compensate them for their losses. The limit on that insurance had been $100 million, a generous figure, indeed. But, to encourage an even greater flow of private capital into Russia, the Bush Administration authorized unlimited protection for "sound American corporate investments."
If these truly were sound investments, they would not need foreign-aid subsidies or government guarantees. What is really happening in this play is a triple score:
1. International lending agencies provide the Social Democrats with money to purchase goods and services from American firms. No one really expects them to repay. It is merely a clever method of redistributing wealth from those who have it to those who don't---without those who have catching on.
2. American firms do not need money to participate. Since their ventures are guaranteed, ban ks are anxious to loan whatever amount of money is required. Efficiency or competitiveness are not important factors. Contracts are awarded on the basis of political influence. Profits are generous and without risk.
3. When the Social Democrats eventually default in their contracts to the American firms or when the joint venture loses money because of socialist mismanagement, the federal government provides the funds to cover corporate profits and repayment of bank loans.
The Social Democrats get the goodies; the corporations get the profits, and the banks get the interest on money created out of nothing. You know what the taxpayers get!
By 1992, the wearisome pattern was clearly visible. Writing in the New York Times, columnist Leslie H. Gelb gave the numbers:
The ex-Soviet states are now meeting only 30 % of their interest payments (and almost no principal) on debts to the West of $70 BILLION .....Various forms of Western aid to the ex-Soviet states totaled about $50 BILLION in the last 20 months, and the money has virtually disappeared without a trace or a dent on the economic picture. (1)
The interesting thing about this report is that Leslie Gelb has been a member of the Council on Foreign Relations (CFR) since 1973. Why would a CFR spokesman blow the whistle on one of their most important maneuvers toward The New World Order? The answer is that his doing just the opposite. Actually he is making a plea for more loans and more outright aid on the basis that the need is so great! He advocates the prioritizing of funding with first attention to aiding Russia's nuclear-power facilities, agriculture, and industrial capacity. At the end of his article, he writes: "The stakes could not be higher. All the more reason for substantial, practical and immediate aid---not for grand illusions."
The excuse for all of this is that, if we do not keep the money flowing, Russia may fall back into the hands of those "bad Communists" who are just waiting to unleash nuclear war against us. Congress hears and obeys. In spite of the fact that all the preceding BILLIONS have "disappeared without a trace or a dent," the transfusion continues. In 1993 the World Bank advanced another HALF-BILLION-dollar loan to Russia; before leaving office President Bush arranged for another $2 BILLION loan through the Export-Import Bank; and Congress authorized hitting the voters with another $2.5 BILLION in foreign aid specifically for Russia. In July of that year, at the meeting of the Group-of-Seven industrialized nations, another $24 BILLION was promised, half of which was to come from the International Monetary Fund (IMF). In 1998, Russia defaulted on several BILLIONS of its debt, so the IMF restructured the old loans and issued new ones. In 1999, it was discovered that Russian officials had "laundered" (stolen) about $20 BILLION of this funding. The IMF publicly expressed shock and dismay; but soon resumed negotiations to issue new loans. There seems to be no end in sight.
A moments's reflection on these events leads us to a crossroads of conscience. We must choose between two paths. Either we conclude that (we) Americans have lost control over their government, or we reject this information as mere distortion of history. In the first case, we become advocates of the conspiratorial view of history. In the latter, we endorse the accidental view. It is a difficult choice because we have been conditioned to laugh at conspiracy theories, and few people will risk public ridicule by advocating them. On the other hand, to endorse the accidental view is absurd. Almost all of history is an unbroken trail of one conspiracy after another. Conspiracies are the norm, not the exception.
The industrialized nations of the world are being bled to death in a global transfer of their wealth to the less developed countries. Furthermore, it is not being done to them by their enemies. It is being done by their own leaders. The process is well coordinated across national lines and perfectly dovetails with the actions of other leaders who are doing the same thing in their respective countries, and these leaders regularly meet together to better coordinate their activities. This could not happen without planning.
A spokesman from the IMF would answer, yes, there is a plan, and it is to aid the less developed countries. But, after forty years and HUNDREDS of BILLIONS of dollars, they have totally failed to accomplish that goal. Would intelligent people believe that pursuing the same plan will produce different results in the future? Then why do they follow a plan that cannot work? The answer is they are not following that plan. They are following a different one: one that has been very successful from their point of view. Otherwise, we must conclude that the leaders of the industrialized nations are, to a man, just plain stupid. We do not believe it. These men and women are following a higher loyalty than to their respective countries. In their hearts they may honestly believe that, in the long run, the world will be better for it, including their fellow countrymen. But, for the present, their goals are not shared by those who have placed them in office, which is why they must conceal their plan from public view. If their fellow citizens knew what they were really doing, they would be thrown out of office and, in some cases, might even be shot as traitors.
If all of this is accidental, then there is no plan, no cooperation, no goal, and no deceit, just the blind forces of history following the path of least resistance. For some it is easier and more comfortable to accept that model.
The international version of the game called BAILOUT is similar to the domestic version in that the overall objective is to have the taxpayers cover the defaulted loans so that interest payments can continue going to the banks. The differences are : (1) instead of justifying this as protecting the American public, the pretense is that it is to save the world from poverty; and (2) the main money pipeline goes from the Federal Reserve through the IMF/World Bank. Otherwise, the rules are basically the same.
There is another dimension to the game, however, that involves more than mere profits and scam. It is the conscious and deliberate evolution of the IMF/World Bank into a world central bank with the power to issue a world fiat currency. And that is an important step in an even larger plan to build a true world government within the framework of the United Nations.
Economically strong nations are not candidates for surrendering their sovereignty to a world government. Therefore, through "loans" that will never be paid back, the IMF/World Bank directs the massive transfer of wealth from the industrialized nations to the less developed nations. This ongoing process eventually drains their economies to the point where they also will be in need of assistance. No longer capable of independent action, they will accept the loss of sovereignty in return for international aid.
The less developed countries, on the other hand, are being brought into The New World Order along an entirely different route. Many of these countries are ruled by petty tyrants who care little for their people except how to extract more taxes from them without causing a revolt. Loans from the IMF/World Bank are used primarily to perpetuate themselves and their ruling parties in power---and that is exactly what the IMF/World Bank intends. Rhetoric about helping the poor notwithstanding, the true goal of the transfer of wealth disguised as loans is to get control over the leaders of the less developed countries. After these despots get used to the taste of such an unlimited supply of sweet cash, they will never be able to break the habit. They will be content---already are content---to become little gold-plated cogs in the giant machinery of world government. Ideology means nothing to them: capitalist, communist, socialist, facist, what does it matter so long as the money keeps coming. The IMF/World Bank literally is buying these countries and using our money to do it.
The recent inclusion of Red China and the former Soviet bloc on the list of IMF/World Bank recipient countries signals the final phase of the game. Now that Latin America and Africa have been "purchased" into The New World Order, this is the final frontier. In a relatively short time span, China, Russia, and the Eastern European countries have now become the biggest borrowers and, already, they are in arrears on their payments.
(1) All of the above information has been taken from the book called "The Creature from Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin, pages 128-132, 5th edition, 30th printing April 2011, copyright 2010, ISBN 978-0-912986-46-3, published by American Media, P.O. Box 4646, Westlake Village, California 91359-1646, manufactured in the USA.
AMERICA WAKE UP BEFORE IT IS TOO LATE!
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