Section I. What Creature Is This? Chapters 5-6 Nearer to the Heart's Desire; Building the New World Order Summary and Analysis

Summary

In 1944, as explained in Chapter 5, the Bretton Woods Conference took place, out of which came the International Monetary Fund or IMF and World Bank, two organizations associated but not tied directly to the United Nations. Member nations contributed to the IMF, with the US giving the most. In 1971, President Nixon took the US dollar off its gold backing so that dollars could not be redeemed for gold. The author maintained that these were further steps toward world socialism that resulted in mass murders, famine and economically destroyed countries. This pointed to another reason for abolishing the Federal Reserve System: It promoted totalitarianism. The author used Tanzania...