The #1 Reason To Say No To Global Governance: Global Central Bank Corruption, Fraud And Abuse With No Accountability

As Catherine Austin Fitts Has Said, Echoed By Michael Ruppert, Aaron Russo, Ron Paul, Myself and Others, Until America Changes The Way Money Works, You CHANGE Nothing! Abolishing The Federal Reserve Is How You Cut The Head Off This Beast! There's Still Time. Start Asking Them The Right Questions! - Johnny

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Global Financial Crisis: Does The World Need A New Banking 'Policeman'?

With war raging across the globe in July 1944, ministers from all 44 Allied nations met at the imposing Mount Washington Hotel in Bretton Woods, New Hampshire, to thrash out a set of rules that would govern world finance once Hitler was defeated.

By Gordon Rayner, Chief Reporter
Last Updated: 1:36AM BST 08 Oct 2008

Knowing that greater international trade would help to prevent future wars, and determined to avoid another Great Depression, the delegates signed the Bretton Woods Agreements, creating the International Monetary Fund and the World Bank. It was a big vision, driven by grand historical figures: Winston Churchill, Franklin D Roosevelt and the British economist John Maynard Keynes.

But a system that was designed 64 years ago has, not surprisingly, proved ill equipped to deal with the fiendishly complex practices of 21st-century banking that led to the current worldwide crisis.

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