The US Treasury's Secret, a 75-Year-Old Fund and Its Dark History Exposed

Back in the Depression, the US Treasury Department got a mysterious office called the Exchange Stabilization Fund, which actually kickstarted the International Monetary Fund. It was funded initially with all the gold they jacked from the American public in the Gold Reserve Act of 1934, and has been used to fund CIA operations around the world. The case is made pretty clearly by Eric deCarbonnel (MarketSkeptics), who traces the history of the ESF in his new video series.

www.marketskeptics.com...


In a nutshell, the ESF is a slush fund beyond Congressional oversight. It can be used to ‘get around’ most anything (i.e., it can skirt normal governmental procedures) and operates outside the law. There is no room for it in our democratic process. It is not subject to the normal checks-and-balances so carefully crafted by the Founding Fathers that have proven over time to be so essential for control within the federal government. The ESF is the antithesis of the American foundation of representative government because it subjects a free people to the false authority of unconstitutional governmental force.

reply to post by wasaka


I found a review of this video series on the Daily Bell, www.thedailybell.com...

We were made aware of the series just last night by a considerate feedbacker who was puzzled by them. We used Google to find out about Mr. deCarbonnel, whose ESF thesis has been covered by GATA, where he contributes. He also contributes to some other alternative media websites and has received coverage there and elsewhere.

The videos don't seem to have made a wide stir as of yet (not that we could tell, anyhow). But they are certainly interesting. Having listened to all five presentations, we will try to provide an analysis of what we might call "holistic" journalism, where someone tries to put a lot of different facts together to create a scenario not previously well known.

You might call him a practitioner of conspiratorial or directed history. Perhaps that's why we're drawn to it. Many of the problems of the modern world can be traced to the ESF, according to Mr. deCarbonnel. He proceeds to make the case for his argument in over an hour of insights and detail.

here are a few bullet points from that article:

The ESF was responsible for Project Mockingbird, apparently ongoing still today, and places many of America's top journos under the control of the CIA. The publishing industry – with a special emphasis on books about politics and American foreign policy – is an especially large part of this false flag operation. Books are seen as a key to controlling the American intelligentsia. The Internet has partially broken the promotional chokehold of Mockingbird.

• The ESF is legally MANDATED to lie, which is why even an audit of the Fed will not reveal the true nature of what has taken place in the US and the world in the past 100 years. The Fed and the ESF are symbiotic, but the ESF is in charge.

• In order to prop up the dollar, and to protect the interests of the US, the ESF has performed an enormous number of illegal tasks. It does so with maximum anonymity and without oversight of the rest of the executive branch or the Treasury itself.

• The ESF, through then-Treasury Secretary Harry Dexter White, virtually created the modern money system, including the IMF and World Bank. Today, the ESF is responsible for most of the rapine of the modern world's developing countries, as described in John Perkins's book, Confessions of an Economic Hit Man.

The legacy of Harry Dexter White

The name is as deceptive as the individual. He was a son of Jewish immigrants, graduating from Harvard late in life, but brilliant in his intellect and determined that America would rule by the strength of the dollar and that Britain was finished as a world power.

The ESF, through then-Treasury Secretary Harry Dexter White, virtually created the modern money system, including the IMF and World Bank. White was the senior American official at the 1944 Bretton Woods conference, and reportedly dominated the conference and imposed his vision of post-war financial institutions. After the war, White was a major architect of the International Monetary Fund and World Bank.

In his new book on Bretton Woods – the financial system that underpinned the post-war world until the early 1970s – Benn Steil makes an interesting point. Apparently, Harry Dexter White, the chief American architect of the system, was actually a spy for Joseph Stalin’s Soviet Union.

In August 1948, White testified and defended his record to the House Un-American Activities Committee. Three days after testifying he died of a heart attack. Historians agree he passed secret state information to the Soviet Union during World War II. en.wikipedia.org...

But as Steil tells in The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order, historians have also been clear about the truth “for at least 15 years now.” His bottom line is succinct: “White was arguably more important to Soviet intelligence than Alger Hiss, the U.S. State Department official who was the most famous spy of the early Cold War.”

There is no doubt that great sins have been committed by the self-serving shadow government in the ESF and Federal Reserve to prop up the dollar system. Although, they may not seem themselves as evil they are certainly self-serving. They view it as their role to do everything necessary to ensure that the dollar remains the world reserve currency–and thus maintain the Anglo-American world Empire. If you are looking for who is responsible for the repugnant policies that so adversely effect developing countries, as described in John Perkins‘s book Confessions of an Economic Hit Man, look no further. unspy.wordpress.com...

This is pretty incredible stuff Wasaka. The rabbit hole just keeps going doesn't it? This would fill some important gaps in history and explain how the CIA funded all their postwar activities particularly in Europe without ever having to say a word to Congress.

The insinuation that White was a more important spy than Alger Hiss may be the most problematic news of all. If this can be verified even our secret history remains to be seen in it's totality. I had often wondered how Communism made so many inroads in the US right after WW2 to the point that we basically had a witch hunt going on yet it would seem not without any basis.

Great find! I can't wait to see what he's got to say.

Last night 5/26/2013 Coast to Coast Am had an interview with a world bank 'whistle blower'. Everything form Eric Holder's Justice Department, World Bank corruption, Federal reserve, and Monopoly of the news outlets and the joke they are.

Germany wanting their gold back and the U.S. will not even let them inspect their holdings but will pay them back THEIR gold in 7 years. Many topics touched upon; to me it was worth hearing and interesting. She and other whistle blowers seem to think many of our state governors are aware of what is going on and steps are being taken to expose the wrong doers. I could post the interview but it is for subscribers and would not be fair use to post it here. For those who are interested you can probably find the interview @ youtube now or in the next few days.

Joining John B. Wells, former World Bank attorney and whistle-blower Karen Hudes talked about how she uncovered corruption in the World Bank

The tentacles of the banking corruption run through all facets of all societies throughout the world and if not exposed their actions will bring the world monetary system a crash that has never been seen before. Etc Etc

kahudes.net...

There ya go, give some guy a licence to virtually print money......and expect him to stay honest?
never happen...why not face this reality, and set it up so that no one has anywhere near this kind of power....
Design the system to eliminate the possibility of dishonesty.

Originally posted by stirling
There ya go, give some guy a licence to virtually print money......and expect him to stay honest?
never happen...why not face this reality, and set it up so that no one has anywhere near this kind of power....
Design the system to eliminate the possibility of dishonesty.

Technology makes that possible, and I think that is what Satoshi Nakamoto
was hoping to achieve when invented Bitcoin back in 2009. If there was the
political will to make government accountable, we would force a full disclosure
of every dime in tax payer dollars... but the political will to do this is in very
short supply... so the, rather than try to change this within the system
from the top-down, Satoshi Nakamoto gave the world the tools we need
to bring about a bottom-up revolution that can demand honest money
and honest government. As I see it, this would be the best hope we
have to end war and create a better world. What we have right now
is totally out-of-control and can only end badly.

reply to post by wasaka


Nice. These the guys going to cause WWIII ?

We would be remiss in not making the following point: According to Mr. deCarbonnel, he is also related to Frank Vanderlip, one of the founders of the US Federal Reserve system, so the series of videos can also be seen in some way, perhaps, as a defense of Vanderlip and private banking.

That is is good point.. not all banker are evil, at least according to Mr. deCarbonnel.

From my research, it would be a mistake to think we can reform evil from the system
by simply removing the false-authority of the Exchange Stabilization Fund (if such a
thing is even possible). No folks, the problem is bigger than the ESF. The system we
have is a hydra and its designed to keep functioning even if one head is cut-off.

It helps to get the BIG PICTURE, and the Debunking Money video series by Damon
Varbel does just that. Damon has a unique way of putting our world into perspective.
You might even find it ‘mind-blowing,’ but you’ll have a hard time making a case against
what he presents. That’s because it’s all true. No conspiracies needed, just facts about
the way our money and markets really work.

Watch Debunking Money here:
unspy.wordpress.com...

The system we have is a hydra and its designed to keep
functioning even if one head is cut-off.

This is why our revolution must be bottom-up and not top-down.
This is what I see coming with technologies like Bitcoin/Ripple.

Consider this quote:

Bank of England’s governor Mervyn King:

“Is it possible that advances in technology will mean that (…) the world may come to resemble a pure exchange economy? Electronic transactions in real time hold out that possibility. There is no reason, in principle, why final settlements could not be carried out by the private sector without the need for clearing through the central bank. (…) There is no conceptual obstacle to the idea that two individuals engaged in a transaction could settle by a transfer of wealth from one electronic account to another in real time. (…) The same system could match demands and supplies of financial assets, determine prices and make settlements. Financial assets and real goods and services would be priced in terms of a unit of account. Final settlement could be made without any recourse to the central bank.(…) Without such a role in settlements, central banks, in their present form, would no longer exist; nor would money.”

There has never been a more powerful bottom-up force for change
then what we are seeing right now with Bitcoin.

reply to post by wasaka


Great Thread Wasaka. It is true that there is a government within the "Government".
Pay no attention to the man behind the curtain,
The great and powerful Oz has spoken.

Hidden in plain sight for that matter. S&F

i think what we need is about 200 undergraduate level students to get a convention center all to themselves for however long it takes. Isolate them, guard them and supply them with everything and anything they require to make a full, outside, independent, double checked audit of *ALL* accounts, *ALL* Line items and *ALL* on going expense items of ANY KIND related to the federal level of U.S. spending, in ANY WAY.

No Classification restrictions.

No Sacred cows to be left out.

No "politics" to be allowed in the process.

Theirs wouldn't be a job to DO anything about any of it. No overlapping and conflicting jobs here like the Government itself makes careers out of. *JUST* the audit to FIND what is actually there...like this. Like Native American Accounting ...Like CAFR reports....like lost accounts from Intelligence, Military and Drug enforcement operations over the decades.

We have to do it at some point....from ashes or from strength, the system is too broken not to fix.

Originally posted by stirling
There ya go, give some guy a licence to virtually print money......and expect him to stay honest?
never happen...why not face this reality, and set it up so that no one has anywhere near this kind of power....
Design the system to eliminate the possibility of dishonesty.

The only problem with that kind of thinking is that you expect these power-hungry bankers to behave in a civil and logical manner, according to your idea of right and wrong. No. The system was designed by the same kind of people who are and have been abusing it to their advantage right from the beginning.

Dishonesty? HA! They call it opportunity.

Harry Dexter White, you really screwed everything up you deluded shmuck!

These ideas make perfect sense to me. However I find it difficult to understand the over all purpose.

Why would the Bangsters need such a complex and time consuming plan to rule the world?
Surely they've had ample time, power and influence to have completed their plan long ago...
As well as indoctrinate the masses with better precision than what we've seen thus far?

At the basis of every single monetary crisis, or extended period of manipulation.... You find a Jew. Why is that I wonder? Every single one!

Ok I will definitely be scoping this out after I come home form work tonight. S & F for exposure. Everyone always points to the fed, but I guess that's the way the ESF has wanted it to be, as that line has kept the spotlight on the Fed and off the ESF. This will be my new talking point to my peers after I learn enough of it.

Originally posted by be4ne1
At the basis of every single monetary crisis, or extended period of manipulation.... You find a Jew. Why is that I wonder? Every single one!

edit on 5/27/2013 by be4ne1 because: punctuation

The Jews invented money. It's their expertise. It's also part of their religion. The very first mention of money in the Holy Bible is in the old testament.

And he that is eight days old shall be circumcised among you, every man child in your generations, he that is born in the house, or bought with money of any stranger, which is not of thy seed.

- Genesis 17:12

And this verse links money with the key religious symbol: "The Circumcision" == the mark of the Jealous God.

That's because of a deep secret, that money is "created" by the passion of "jealousy".

The man who looks at his neighbor driving a Porsche, and decides he wants a fancy car like that too, to get the babes, then goes out and finds a job to pay him sufficient cash to buy that car. The "inspiration" that causes him to offer his labor, is the passion of "jealousy". That's why he works. And when he does, money comes into being. Money is the measure of labor a human will provide, in anticipation of that future reward, the car and the babe.


So, from a religious point of view, "money" measures the amount of "jealousy" that has been created in the society.

Notice that advertisers use the same trick effectively, to sell that fancy car. They'll put a young beautiful woman to stand next to the Porsche, and show those images on the TV, to inspire the young men to go out and work, to make the money and buy that car. The car gets the girl, and the jealous impulse is satisfied, hence the jew has his tools circumcised, to remind him, not to fall for that simple trick.

So, that's how money is created. And the Jews learn from a very young age, all about the theory and reality of money through reading the Torah.

Well, that's the very first mention of the word "money".

The very last mention of the word "money" in the Holy Bible occurs in the New Testament

For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

-- 1 Timothy 6:10

This is again, another significant verse. It connects the word "money" with a number of key religious ideas.

The first thing to observe is the use of the word "faith". For this is how money changes its value.

Although money is created by "jealousy", its actual value fluctuates according to "faith".

f you have faith that the money will buy you the things you want, you'll work harder to get that cash. But, if you lose faith that the money will solve the problem, you'll turn away, and money will not be able to motivate you. That's why on the back of ever US Dollar bill are the words "In God We Trust". It's because "faith" is what upholds the value of the dollar. It's not backed by Gold, nor Silver. It's backed by Faith.

You don't need gold or silver, if you have faith.

So, all those people investing in gold and silver today, are doing so, because they are losing faith.

The other thing to note in the verse is the connection between "money" and "evil".

Notice, carefully, that the bible does not say that money is evil. The "love" of money, is the evil thing. This love turns the person away from his Faith in God, and he puts all his Faith in Money instead. And as a result, he becomes willing to do anything to get that money, including violating the laws of God, in order to get that extra buck.

That's why the verse says, they pierce themselves with many sorrows. They pay a moral price to obtain a material good.

So, the Christians are charged to turn away from money, but they are generally not circumcised to remind them of why.

reply to post by Morg234


My question is this: who did the communist work for?

I found this posted on the WashingtonPost's website:

BS: I found this remarkable handwritten essay in White’s archives, written in ’44, in which he denounces American hypocrisy toward the Soviet Union at length and extols the virtues of Soviet socialism. He paraphrases Lincoln Steffens: I have seen the future and it works. He writes that Russia is the first instance of a socialist economy in action, and it works! White believes very passionately that the world is moving in this direction, and he is one of many Anglo-American policymakers who felt that way.

NI: It’s rather striking that the man who created post-war U.S. economic dominance was a communist.

BS: It is, this question of why a founding father of postwar capitalism spied for the Soviets. The “why” part is the fascinating thing. He was a patriot in his mind. He does things that are illegal in order to assist the Soviets. But in his mind he is furthering enlightened American interest. In his last years before he died in 1948, he really struggled to reconcile his view on the one hand that the world needed a free trading dollar-centric global architecture with his view on the other hand that the Soviet Union needed to be co-opted into this structure when the Soviet Union had no interest in it.

www.washingtonpost.com... ce/

This begs the question, was White really a Soviet spy? and what of Alger Hiss?
Hiss went to jail, but at age 77 he was still seeking validaton. goo.gl...

What of Dean Acheson?

Acheson was President Harry S. Truman’s Secretary of State in the years 1949-1953. He was attacked by elements of the right-wing, which accused him of surrounding himself with Communist spies and of contributing to the fall of China to the Communists. And, after Alger Hiss (who was accused of being a spy for the Soviets) was convicted of perjury, Dean Acheson’s statement that he would not turn his back on Hiss invited further criticisms from the right.

Looking back, did White, Hiss and Acheson all have a love affair with communism or did they think that they were using the Soviets to further their own Capitalist ends? Recently, I read the book on Richard Nixon by John Bircher Gary Allen, entitled Richard Nixon: The Man Behind the Mask. Allen in that book is quite critical of Acheson. Allen presents the usual right-wing criticisms, such as the accusation that Acheson surrounded himself with Communists in the State Department, and the criticism of Acheson for refusing to turn his back on Alger Hiss. But Allen makes another accusation on page 162: “…Joseph Stalin had hired Acheson to be the Soviet Union’s personal attorney in the United States prior to the official recognition of the Soviets by FDR…During Acheson’s tenure as their legal representative, the Communists made tremendous advances throughout the world.”

I don’t know if Acheson was ever the personal attorney for the Soviet Union. I checked the wikipedia article about Acheson, and it did not mention that. It did say, however, that Acheson in 1945-1946 favored detente with the Soviet Union, a plan for “international control of atomic energy”, and conciliation towards Stalin. But the article then goes on to narrate that Acheson became concerned about the “Soviet Union’s attempts at regional hegemony in Eastern Europe and in Southwest Asia”, and thus Acheson came to be an architect of Truman’s Cold War policy against Soviet expansionism. In short, Acheson changed his mind and became more anti-Soviet, according to the wikipedia article. Nixon gave credit to Acheson for his containment policy. That was the debate at the time: Should the U.S. only seek to contain Communism by stopping its expansion, or should the U.S. pursue the liberation of countries already under Communist control? Acheson voted for containment.

Again, I ask:

And who did these American communist sympathizers work for?
And where did the Soviet Union get its millions in foreign aid from?

I submit the answer is one and the same.

It would appear to me they worked for the International Banking Oligarchy (i.e., the New York Fed with money being supplied to them by way of the ESF). Perhaps these Top Capitalist supported the communist movement as a means to and end---namely to bring about a merging of these two system in the future... maybe their goal was long term, and they all wanted the same thing... a socialism for the rich (like we see today). These men ran in the same circles, and within those circles it was common knowledge, the communist worked for us.

I use the term "us" loosely, it would be more correct to say "They work for the Capitalist Oligarchy."

Originally posted by be4ne1
At the basis of every single monetary crisis, or extended period of manipulation.... You find a Jew. Why is that I wonder? Every single one!

edit on 5/27/2013 by be4ne1 because: punctuation

Because you stop looking for someone to blame when you find a Jew you can pin it on.

Originally posted by SQUEALER

Originally posted by be4ne1
At the basis of every single monetary crisis, or extended period of manipulation.... You find a Jew. Why is that I wonder? Every single one!

edit on 5/27/2013 by be4ne1 because: punctuation

The Jews invented money. It's their expertise. It's also part of their religion.
....from a religious point of view, "money" measures the amount of "jealousy"
that has been created in the society.

As was noted in the OP, Mr Harry Dexter White was born of a Jewish mother.

Is that significant? Not really, but it might help us understand why he seem to have a romantic love affair with thie idea of socialism... not that his being Jewish has anything to do with it, other than the people he worked for shared this romantic idea. Many of them, but not all, were also Jewish. I'm talking about those at the highest level of the Capitalist system... people in the State Department, and big banking families that held great power within the New York Federal Reserve... in short, the Capitalist Oligarchy looked on Jewish inspired communism with great favor, one might even call it fondness. But why? Was it to gain more power and control, or did they truly believe in the long run they would be making the world a better place of everyone... well, on that score I leave it the reader to decide for him or her self. Maybe the truth is somewhere in the middle.

The preponderance of Jews in the inner sanctum of the communist revolution in Russia was in fact well known at the time that the revolution took place: it is only in the post Second World War II era that this fact has been suppressed. A good example of the contemporary awareness of the Jewish nature of early Russian Communism can be found in the writing of the young Winston Churchill, later to become prime minister of Great Britain, who, in 1920, was also working as journalist.

In 1920, Churchill wrote a full page article for the Illustrated Sunday Herald on 8 February 1920 detailing the Jewish involvement in the revolution. Churchill discusses in this article the split between Jews: some are Communists, he wrote, while others are Jewish nationalists. Churchill favored the Jewish nationalists, (and of course they indeed fall foul of the Jewish Communists, eventually becoming bitter enemies) and he appealed to what he called "loyal Jews" to ensure that the Communist Jews did not succeed. Churchill went even further and blamed the Jews for "every subversive movement during the Nineteenth Century", writing :

"This movement amongst the Jews (the Russian Revolution) is not new. From the days of Spartacus Weishaupt to those of Karl Marx, and down to Trotsky (Russia), Bela Kuhn (Hungary), Rosa Luxembourg (Germany) and Emma Goldman (United States), this world wide conspiracy for the overthrow of civilization and the reconstruction of society on the basis of arrested development, of envious malevolence, and impossible equality, has been steadily growing. It played, as a modern writer, Mrs. Nesta Webster, has so ably shown, a definitely recognizable part in the tragedy of the French Revolution. It has been the mainspring of every subversive movement during the Nineteenth Century; and now at last this band of extraordinary personalities has gripped the Russian people by the hair of their heads and have become practically the undisputed masters of that enormous empire. There is no need to exaggerate the part played in the creation of Bolshevism and in the actual bringing about of the Russian Revolution by these international and for the most part atheistic Jews. Moreover, the principal inspiration and driving power comes from Jewish leaders."

In recent years, Jews around the world have been voicing anxious concern over the specter of anti-Semitism in the lands of the former Soviet Union. In this new and uncertain era, we are told, suppressed feelings of hatred and rage against Jews are once again being expressed. According to one public opinion survey conducted in 1991, for example, most Russians wanted all Jews to leave the country. But precisely why is anti-Jewish sentiment so widespread among the peoples of the former Soviet Union? Why do so many Russians, Ukrainians, Lithuanians and others blame "the Jews" for so much misfortune?

Although officially Jews have never made up more than five percent of the country's total population, they played a highly disproportionate and probably decisive role in the infant Bolshevik regime, effectively dominating the Soviet government during its early years. Soviet historians, along with most of their colleagues in the West, for decades preferred to ignore this subject. The facts, though, cannot be denied.

The label "Judeo-Bolshevism" was used in Nazi Germany to equate Jews with communists, implying that the communist movement served Jewish interests and/or that all Jews were communists. The expression made an issue out of the Jewishness of some leading Bolsheviks (most notably Leon Trotsky) during and after the October Revolution of 1917. The worldwide spread of the concept in the 1920s is associated with the publication and circulation of The Protocols of the Elders of Zion.

Best to stop there... as this is a taboo subject