Bretton Woods

Written and produced by South Front Team: J.Hawk, Daniel Deiss, Edwin Watson; Voiceover by Dermot Arrigan:

(ANTIMEDIA Op-ed) — Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold.

(AHT) — Bolivia’s President Evo Morales has been highlighting his government’s independence from international money lending organizations and their detrimental impact the nation, the Telesur TV reported.
“A day like today in 1944 ended Bretton Woods Economic Conference (USA), in which the IMF and WB were established,” Morales tweeted. “These organizations dictated the economic fate of Bolivia and the world. Today we can say that we have total independence of them.”

By Mark Anderson
The TRUTH HOUND
‘Stop the Presses’ News & Commentary
The “subtly” named “World Government Summit,” which started Feb. 12 and ran through Feb. 14 in Abu Dubai, United Arab Emirates, included a few Bilderberg Group and World Economic Forum (WEF) members, such as WEF founder Klaus Schwab and frequent Bilderberg attendee Christine Lagarde, longtime International Monetary Fund chief.

Five days before the celebration of the 71st anniversary of Nazi Germany’s capitulation to the Soviet and allied troops in the WWII, the new NATO Supreme Commander in Europe Curtis Scaparrotti announced that he came to beat the drums of war again.

Falsehood and delusion are allowed in no case whatever: But, as in the exercise of all the virtues, there is an œconomy of truth. It is a sort of temperance, by which a man speaks truth with measure that he may speak it the longer.
— Edmund Burke, Letters on a Regicide Peace (1796)
Truth is the most valuable thing we have. Let us economize it.
— Mark Twain, Following the Equator (1897)

Here in the US, we have been led to believe that we are an exceptional people and the indispensable nation. During our lifetime we have been exposed to lots of myths about the US, particularly about how we are always on the side of good. Below are insider comments challenging this key myth.

It’s very reassuring that more people are slowly learning how our monetary system really works: if you want to fix something, you need to know a bit about it. The indefatigable Ellen Brown has been hugely helpful in this regard with her regular well-informed and easy-to-read articles that relentlessly confront the myths of capitalist monetary theory.