The New World Order GOP

WorldNetDaily
by Pat Buchanan

05/16/07

The World Bank and IMF were created when the United States was the greatest creditor on earth. The bank was to lend for the reconstruction and development of Europe and Asia. The IMF was to provide loans to help members with balance of payments problems. When Europe and Asia recovered, the need for the World Bank came to an end. By 1971, when the United States closed the gold window and let the dollar float, the need for an IMF to maintain fixed rates of exchange, in a world of floating rates, disappeared. Yet both institutions reinvented themselves as lenders of last resort to bankrupt Third World regimes, and Republican presidents and a Republican Congress went along. Why?

//www.worldnetdaily.com/news/article.asp?ARTICLE_ID=55714


Informant: Thomas L. Knapp



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