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October 26, 2011


The World Banking System: By Socialists, For Socialists

by RogueOperator

The world banking system is run by socialists for socialists.

This may seem like an absurd statement, but some investigation into the roots of the world banking system, who founded it, who ran it, who runs it, its effects, and a comparison with socialist theory make it virtually undeniable that the activities of the worlds’ banks are deliberately giving rise to pre-socialist conditions.

Namely, this is being done by penetrating autarkik regimes with World Bank and IMF development loans and financing forced “democratization” through warfare if necessary; ramping up unsustainable debt with fiat currency issuance and debt monetization; and setting up a debt dependency chain that leads from the furthest reaches of Africa to the halls of the top supranational bodies.

Socialism, as Marx described it, does not, and can never exist in practice. It is a world without private property, and a damn fine one at that. At least to hear socialists tell it. But if the government owns all the capital, taxes the life out of you, and can throw you in jail and seize your property if you don’t comply with whatever demands it cooks up, what do you call it? Some might call it “fascism,” which is accurate enough. But that’s just an intermediary stage on the way to socialism. It’s the rotten, corrupt situation before the fall. And we are being set up for a fall. The geniuses running the world’s economies cannot all be Sling Blade stupid.

If it all sounds a bit conspiratorial, it is. For the sake of convenience, let’s start at the Brettons Woods conference, where Fabian socialist John Maynard Keynes conspired with known socialists like Harry Dexter White, French Prime Minister Edouard Daladier, and Soviet Foreign Minister Vyacheslav Molotov to set up the International Bank for Reconstruction and Development (later, the World Bank), the General Agreement on Tariffs and Trade (later the WTO), and the International Monetary Fund. They proposed a single global reserve currency,  or “bancor,” as Keynes called it, but the United States was able to persuade the delegates that the dollar could become the global currency standard. Initially, the dollar was “as good as gold,” but over time, due to constant inflation, pressure began to build on the United States to stop the direct exchange of dollars for gold, closing the so-called “gold window,” which Nixon did unilaterally in 1971.

Since then, the dollar has been in free fall against such markers as gold, showing the insane degree of currency debauchery that has taken place. For a bit of context, let us examine what the Bretton Woods mastermind Keynes said about currency devaluation and how it plays into socialists’ hands:

 Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some. – As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose. […]

But while these currencies enjoy a precarious value abroad, they have never entirely lost – their purchasing power at home. A sentiment of trust in the legal money of the State is so deeply implanted in the citizens of all countries that they cannot but believe that some day this money must recover a part at least of its former value. To their minds it appears that value is inherent in money as such, and they do not apprehend that the real wealth, which this money might have stood for, has been dissipated once and for all.

Many people are under the delusion that Keynes was some great liberal mind, a reformer, if you will; in fact, he was an unabashed statist. The liberal project and the statist project are absolutely and fundamentally exclusive. Period.

So knowing as we do that the Communist Manifesto proscribed the centralization of banking and credit as one of its ten key planks, what do we make of the central banks’ track record since Bretton Woods to the present? Absolutely abysmal. The banks have suicidally financed undeniably unsustainable welfare states and constant warfare on the periphery of the economic order, without any bounds of a gold standard to stop them from inflicting immediate financial pain on the contemporary electorate. At a geostrategical level, one can call this process “integrating” the periphery into the core economies; and elsewhere, in communist literature, this agenda is commensurate with “convergence.”

The pain eventually catches up, however, as we are seeing with the fiscal doom in Greece, which looks to have a catastrophic cascade effect throughout the world economy, especially should the Europeans bail it out once more. The U.S. Federal Reserve, being the secretive, sneaky, authoritarian institution that it is, will put Americans on the hook once more, and will undoubtedly float loans to European banks under the table, as it did before.

Once more we are hearing the calls for a world central bank and a single reserve currency. Russia has called for it. China has called for it. And some influential figures in the United States like Timothy Geithner have a bit more shyly called for it. I’m sure socialist former head of the IMF Dominic Strauss-Kahn was for it. And incoming eurostatist Christine Lagarde will be for it. Hell, even The Pope has called for it.

The point is that the socialist bankers are all hooking arms and are ready to jump off a cliff. And the red parachute? World socialism.

If you think that means a Candyland where we all gather around to eat rock candy flowers and drink from lemonade springs, think again. The kind of socialism they intend is redirecting capitalism away from the individual towards the state. That’s what the Union of Soviet Socialist Republics did, with its rubles and industrial credits, that is what the Red Chinese did, with its undervalued yuan, and that’s what these fellows plan on doing.

If this all seems a bit ethereal, one can check out the ramblings of influential globalist oligarch George Soros, or his good buddy Tides founder Drummond Pike, who both called for a new Bretton Woods, or envirostatist/world master Maurice Strong.

Don’t think that it’s a contradiction, either, that powerful billionaires like Soros and corporate and bank-backed power brokers like Barack Obama support the Moron Spring of Occupy Wall Street, either. Like the Arab Spring, it’s all a part of the same drive to break down all resistance to centralized supranational authority through invasion and societal breakdown, and the main goal is to force us to take whatever means of trade and livelihood the planners deem fit.

It’s not a coincidence that Bush war strategist Paul Wolfowitz became head at the World Bank. Or that Bush laid the foundations for Barack Obama to blow up the American economy and create crises throughout the Muslim crescent. They’re all on the same janus-faced team. There’s not a damn bit of real difference between them. They are all progressives, that is, progressively undoing free market capitalism, private property, and the economic bases of freedom.

It is hard to bite one’s tongue and not say anything because you don’t want to frighten anyone. But the reversal of freedom in the liberal democratic mode has been going on for a hundred years and the would-be oligarchs are getting close to undoing it. We need to reassess what we’re up against from time to time, and drive on, informing people of what we know, and preparing for their wicked plans.

The best thing we can do is methodically assert our principles to straighten out the ideologically confused left, who think it is “capitalism” to blame for all the world’s problems. The fundamental understanding must be that individuals own their own lives, and may interact with others as they see fit, provided they don’t harm anyone else.

As posted on Political Crush.


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