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policies adopted to promote <strong>the</strong>m have been abolished."14 Unfortunately, our elected leaders have<br />

continued along <strong>the</strong> course set by communists, socialists, <strong>and</strong> globalist Insiders decades ago.<br />

Again, we turn to Hazlitt:<br />

Yet <strong>the</strong> supreme irony is that <strong>the</strong> Bretton Woods institutions that have failed so completely<br />

in <strong>the</strong>ir announced purpose, <strong>and</strong> led to only monetary chaos instead, are still <strong>the</strong>re, still<br />

operating, still draining <strong>the</strong> countries with lower inflations to subsidize <strong>the</strong> higher inflation<br />

of o<strong>the</strong>rs.15<br />

In fact, <strong>the</strong> internationalist Insiders have stepped up <strong>the</strong> pace of <strong>the</strong>se suicidal policies. In his Spring<br />

1988 Foreign Affairs article entitled "<strong>The</strong> Case for Practical Internationalism," CFR strategist Richard<br />

N. Gardner stated bluntly:<br />

But most of all, <strong>the</strong> world needs to enlarge <strong>the</strong> flows of private <strong>and</strong> official capital to<br />

developing countries in order to stimulate an adequate level of global growth. A neardoubling<br />

of World Bank capital <strong>and</strong> International Monetary Fund quotas should be a high<br />

priority for American leadership.... [Emphasis added]<br />

A World Central Bank<br />

Even worse, <strong>the</strong> one-worlders are working to exp<strong>and</strong> <strong>the</strong>ir scheme in order eventually to achieve<br />

complete global economic control by transforming <strong>the</strong> International Monetary Fund <strong>and</strong> World Bank<br />

combine into a central Federal Reserve system for <strong>the</strong> planet. One of <strong>the</strong> first in-depth presentations of<br />

this plan to CFR membership came in 1981 with <strong>the</strong> publication of Collective Management: <strong>The</strong> Reform<br />

of <strong>Global</strong> Economic Organizations. Written by Miriam Camps (CFR) in collaboration with Ca<strong>the</strong>rine<br />

Gwin (CFR), it was <strong>the</strong> 21st volume in <strong>the</strong> Council’s 1980s Project series.<br />

Collective Management’s proposals for "restructuring" <strong>United</strong> <strong>Nations</strong> institutions included designing a<br />

new global trade organization to supersede <strong>the</strong> General Agreement on Tariffs <strong>and</strong> Trade (GATT) <strong>and</strong> <strong>the</strong><br />

<strong>United</strong> <strong>Nations</strong> Conference on Trade <strong>and</strong> Development (UNCTAD), merging several <strong>United</strong> <strong>Nations</strong> aid<br />

programs in order to create in <strong>the</strong>ir places a new "<strong>United</strong> <strong>Nations</strong> Basic Support Program," <strong>and</strong> taking<br />

additional steps that would aid in "<strong>the</strong> continuing evolution of <strong>the</strong> IMF in <strong>the</strong> direction of a world central<br />

bank."16<br />

Exp<strong>and</strong>ing fur<strong>the</strong>r on this topic in <strong>the</strong> Fall 1984 edition of Foreign Affairs, Harvard University Professor<br />

Richard N. Cooper (CFR, TC) proposed "A Monetary System for <strong>the</strong> Future" that would mean <strong>the</strong> end<br />

of America as we know it. He wrote:<br />

A new Bretton Woods conference is wholly premature. But it is not premature to begin<br />

thinking about how we would like international monetary arrangements to evolve in <strong>the</strong><br />

remainder of this century. With this in mind, I suggest a radical alternative scheme for <strong>the</strong><br />

next century: <strong>the</strong> creation of a common currency for all of <strong>the</strong> industrial democracies, with<br />

a common monetary policy <strong>and</strong> a joint Bank of Issue to determine that monetary policy.<br />

[Emphasis in original]<br />

"<strong>The</strong> currency of <strong>the</strong> Bank of Issue could be practically anything," <strong>the</strong> Harvard economist continued. "...<br />

<strong>The</strong> key point is that monetary control — <strong>the</strong> issuance of currency <strong>and</strong> of reserve credit — would be in<br />

<strong>the</strong> h<strong>and</strong>s of <strong>the</strong> new Bank of Issue, not in <strong>the</strong> h<strong>and</strong>s of any national government...." (Emphasis added)<br />

<strong>The</strong> problem, however, is that "a single currency is possible only if <strong>the</strong>re is in effect a single monetary

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