Creature From Jekyll Island by G. Edward

132

THE CREATURE FROM JEKYLL ISLAND

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, fascist, 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. This is where the action will lie in the months ahead.

Section II

A CRASH COURSE

ON MONEY

The eight chapters contained in this and the

following section deal with material that is

organized by topic, not chronology. Several of

them will jump ahead of events that are not

covered until later. Furthermore, the scope is such

that the reader may wonder what, if any, is the

connection with the Federal Reserve System.

Please be patient. The importance will eventually

become clear. It is the author's intent to cover

concepts and principles before looking at events.

Without this background, the history of the

Federal Reserve is boring. With it, the story

emerges as an exciting drama which profoundly

affects our lives today. So let us begin this

adventure with a few discoveries about the

nature of money itself.

C h a p t e r Seven

THE BARBARIC METAL

The history and evolution of money; the emer-

gence of gold as the universal money supply; the

attempts by governments to cheat their subjects

by clipping or debasing gold coins; the reality that

any quantity of gold will suffice for a monetary

system and that 'more money' does not require more gold.

There is a great mystique surrounding the nature of money. It is generally regarded as beyond the understanding of mere mortals.

Questions of the origin of money or the mechanism of its creation are seldom matters of public debate. We accept them as facts of life which are beyond our sphere of control. Thus, in a nation which is founded on the