"The Creature from Jekyll Island" by G. Edward Griffin - Chapter 6: Building the New World Order

Key Themes

• Examination of the bailout system.
• Mergence of nations into world government.
• Economic strategies involving IMF and World Bank.

Bailout Game

1. Commercial Bank Loans

   • Banks in industrialized nations create money and lend to underdeveloped nations.
   • Loans are risky; higher interest rates are charged as compensation.

2. Role of IMF and World Bank

   • Step in when nations can't repay loans.
   • Provide "development loans" using newly created money.

3. Ongoing Cycle

   • Countries exhaust new money; cycle repeats.
   • Moves towards creating a world central bank with unlimited resources.

IMF and World Bank Strategies

• Convert IMF into a world central bank with international fiat money.
• Control over global monetary systems.
• Redistribution of wealth leading to economic decline in industrialized nations.

Political and Economic Convergence

• Panama, Mexico, Brazil, Argentina

  • Examples where bailout strategies were applied.
  • U.S. and other countries prop up economies to prevent defaults on loans.

• China and Eastern Europe

  • Inclusion in global economic strategies post-communism.
  • Focus on transferring wealth and political control.

Historical Context and Influence

• Council on Foreign Relations (CFR)

  • Described as "hidden government" of the U.S.
  • Advocated for weakening national sovereignty for global governance.

• Historical Figures

  • John F. Kennedy, John Foster Dulles, Zbigniew Brzezinski, Paul Volcker.
  • Advocated for redistribution of wealth and international monetary systems.

New World Order

• Development of regional trade agreements: NAFTA, EU, APEC, GATT.
• Aim to erode national sovereignty and build a global government.
• Use of economic policies and treaties to bring about convergence.

The Role of Global Institutions

• World Trade Organization (WTO)

  • Seen as a pillar of the new world order.

• CFR and Trilateral Commission

  • Strategies to integrate national economies into a global structure.

Critique and Conspiracy Theory

• Suggests a deliberate plan for global governance.
• Argues against the accidental view of history; proposes a conspiracy.
• Emphasizes the coordinated nature of global economic policies.

Conclusion

• The chapter critiques the ongoing global financial system.
• Suggests that world leaders follow a plan for a global government.
• Asserts that the supposed demise of communism may be a strategic move in this plan.