How long did it take to build the Federal Reserve System? Nineteen years. The various interests created and debated banking reform between the years 1894 and 1913. This is documented by Elmus Wicker in his little book The Great Debate on Banking Reform: Nelson Aldrich and the Origins of the Fed.
How long did it take to get Medicare passed? Twenty-eight years. Medicare proposals emanated from the bureaucracy, from the Public Health Service, and from the Social Security Administration as early as 1937–1950 before being picked up by the Truman Administration.
What’s the next Federal Reserve? What’s the next Medicare? It’s an international central bank: the IMF reborn. The IMF is the International Monetary Fund.
This article, reprinted from the Washington Post, provides the details. For further details, see also here.
The creation process for this new Colossus has been going on now for eighteen years. The Joint Economic Committee of the U.S. Congress has been considering studies and proposals since at least 1998. The catalyst was the 1997 Asian Crisis.
The interest groups and powers that create these institutions often pull and haul for years on end before the process culminates. They debate in plain view. Once key persons sign on and negotiate a specific form and proposal, the process comes to a conclusion. A new power structure is born.
The development of an institution with a central banking capacity to lend to sovereign states is at least as important as creating the Fed and Medicare were. It is a key building block in world government, and world government is extremely dangerous to freedom.
The IMF is a bank funded by States and patronized by States.
It gets its funds from contributing States.
It makes subprime sovereign loans to the world’s States. It “rescues” States in trouble. It makes bailouts.
Reposted from LewRockwell.com