IMF,World Bank Planet’s Biggest Money Launderers

“Some people think
the Federal Reserve
banks are United
States government
institutions. They are
private monopolies
which prey upon
the people of these
United States for the
benefit of themselves
and their foreign
customers.”
—Louis McFadden

By Richard Walker

Since 1944, the International Monetary Fund
and its sister organization, the World Bank,
have claimed they’ve been helping poor
nations. The reality is, they’ve been filling the
coffers of global financiers and private banks, thereby
making them the world’s biggest money launderers.
Their cynical manipulation of failing Third World
banks is more akin to the actions of international organized
crime syndicates. However, it is unlikely their leaders
will ever appear before the International Criminal
Court in The Hague because of their ties to some of the
most powerful banks and individuals in the world.
The IMF, the more dominant of these two bodies,
reportedly has the world’s third-largest gold reserves,
estimated at close to 3,000 tons in March 2011. U.S.
gold reserves are allegedly just over 8,000 tons, but
these figures aren’t necessarily accurate since the IMF
issues the official gold listings and has consistently
refused to openly value its own reserves, and Fort Knox
has never been audited.
The IMF can nevertheless influence gold prices, and
is on record as having sold 13 million ounces of gold to
several banks in December 2010. Those banks agreed
to return the same amount of gold to the IMF at a future
date. It is hardly surprising, given the IMF’s massive
gold reserves, that the World Bank has suggested the
world should abandon floating currencies and adapt a
modified gold standard. Such a move would benefit the

IMF and all its private banking friends.
The IMF was established in 1944 asWW II came to
a close. Financiers and economists, representing 45
countries, met in a hotel at Bretton Woods in New
Hampshire. Their aim was ostensibly to create an
organization that oversaw and stabilized the international
monetary system. What transpired, however,
were backroom deals struck between private bankers
and financiers, many of them from the United States,
France, Switzerland and the UK. In effect, a tiny group
of wealthy individuals, representing rich countries,
families and banking institutions, set up the IMF and
have controlled it ever since.
While the IMF now has members in 186 countries,
the vast majority are there for window dressing. A look
at the IMF’s board confirms who really controls it. The
United States holds almost 17 percent of the voting
rights and is represented by the chairman of the Fed and
the governor of the Federal Reserve Bank of NewYork.
Therefore, the Fed banking system of the United States,
which is privately owned and controlled, as well as its
partner banks and financial institutions in France,
Japan, Germany, the United Kingdom, Switzerland and
a host of other Western nations, shape IMF and World
Bank policy and benefit from their financial dealings.
The fact France has been prominent in the IMF since
1944 is one of the reasons it is often represented in the
highest executive positions of the IMF andWorld Bank.
That might surprise some people, given the political
differences between Paris and Washington, but when it

comes to money, French and American financiers have
always had the same goal, namely profit.
If there is an observation from the past that sums up
the IMF, the World Bank, and their affiliated financial
institutions such as the U.S. Federal Reserve banks, it
was the one made by Louis McFadden, chairman of the
House Banking and Currency Committee in 1930:
“Some people think the Federal Reserve banks are
United States government institutions. They are private
monopolies which prey upon the people of these United
States for the benefit of themselves and their foreign
customers; foreign and domestic speculators; and rich
and predatory moneylenders.”

Richard Walker is the pen name of a former N.Y. news producer.