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Founder of IMF/World
Bank/WTO - Traitor Economist Harry Dexter White was Assistant Secretary of the Treasury in the FDR Administration during WW II, and a founder of the IMF, the World Bank, and the WTO. His career is a study in treason on an immense scale. According to congressional testimony, in particular that of former Communist underground agents Whittaker Chambers and Elizabeth Bentley, White, while at Treasury, provided the infamous Silvermaster spy ring with classified documents to be advanced to the Soviet Union. The recently declassified Venona codes confirm this testimony and identify White by his code name "Richard". What separates White from the pack of spies which honeycombed the Roosevelt Administration, is the position of power he achieved and the resulting level of damage his policies and acts did to our nation and the free world. According to a report filed in 1953 by Sen. Karl E. Mundt to the Committee on Government Operations, White conspired with his handpicked Treasury assistants in the transfer of plates, paper and ink to be used in the printing of occupation currency for Germany to the Soviet Union. This treacherous act assisted the Soviets in firming up their occupation of Eastern Europe and Germany. The occupation currency was eventually redeemed by the US Treasury and cost us tens of millions of taxpayer dollars, a transfer of American wealth to the Soviets while Soviet communism was expanding over the globe. Sen. Charles E. Potter (R MI) stated before Congress in 1954 that "the evidence is highly convincing" that White and his associates "bear a major share of the responsibility for the destruction of the Nationalist Government of China". White had delayed a congressionally authorized loan of $500 million to Chaing Kai Shek's government. China depended on the loan to stabilize rampant inflation and to assist in post war reconstruction. China bore the major brunt of the war against Japan and at the same time, dealt with a communist rebellion led by Mao. This inflation, which spiraled as a result of White's double cross, helped destabilize our nationalist ally after the war, contributing to a communist victory in 1949. White was the author of the "Morganthau Plan" named for Treasury Sec. Henry Morganthau, and presented at the Quebec Conference, Sept. 1944 attended by FDR and Churchill. The plan was to strip, pillage, and convert postwar Germany into "a country primarily agricultural and pastoral in character". The industrial Ruhr Valley would "not only be stripped of all presently existing industries but so weakened and controlled that it cannot in the foreseeable future become an industrialized area...All industrial plants and equipment not destroyed by military action shall either be completely dismantled or removed from the area or be completely destroyed, all equipment shall be removed from the mines and the mines shall be thoroughly wrecked". A list was to be made of Germans who would be shot upon apprehension and the rest of the population was to be held down to a standard of living no higher than bare subsistence. Ironically, White's vision of post war Germany would come to pass in the Communist states he worked so hard to assist. White's plan would have left a devastated Central Europe in a supine position for the victorious Red army. After the plan was leaked to the press, the Nazi's used the information to scare their people into not surrendering thus, possibly, prolonging the war, its destruction, and it's holocaust for another six months. Aspects of the plan were implemented after the war with most of the industrial transfers and other benefits accruing to the Soviets. Finally, in 1949, the US taxpayer had to rebuild that which our government allowed to be destroyed with the Marshall Plan. Harry Dexter White was awarded for his work with a leading role at the Bretton Woods Conference. This conference gave birth to the IMF, World Bank and, 49 years later, the WTO. Harry Dexter White and British Fabian Socialist economist John Maynard Keynes were the two chief architects of what would become the IMF, the World Bank, and the World Trade Organization. These organizations were established at the Bretton Woods conference held at the Mt Washington Hotel in Bretton Woods New Hampshire, 1944. While a thorough examination of these three legs of the international monetary structure is too ambitious an undertaking for this article, the background and ideology of Harry Dexter White, one of its chief architects, is highly relevant as a means of understanding the nature of these powerful bureaucracies and their influence in world affairs. I recently interviewed, on my radio broadcast, Joan White Pinkham, Harry
Dexter White's daughter who was around 20 at the time of her father's
death in 1948, and one week after testifying to Congress. Ms Pinkham insists
that her father was innocent and not a Communist. Her assertion that the
US and "corporate interests" were responsible for the cold war
against the "peace loving Russians", and her reverential attitude
toward Stalin seem to indicate otherwise. I am assuming that she learned
her politics at the Harry Dexter White breakfast table. The interview
was a display of the "old left" malevolent hatred of this nation
and its freedom based institutions. While her comments would make a modern
"liberal" blush with embarrassment, her attitude, nonetheless,
continue to be held, to varying degrees, by them although expressed with
a good deal more subtlety and sophistication. Chuck Morse is a syndicated talk show host on the American Freedom Network and a contributing writer to Enter Stage Right and Etherzone. |
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