Bretton Woods is the name of a resort town in Coos County, in northern New Hampshire, USA, situated in the White Mountains on the north bank of the Ammonoosuc River. This resort town was site of a United Nations International Monetary Conference in July 1-23, 1944.

It was during this conference that delegates/representatives from forty-four nations wrote a plan, to stabilize world currency by means of an International Monetary Fund. The true purpose of that fund was to finance reconstruction of the nations of Europe devastated by World War II, using the monetary fund of the 'International Bank for Reconstruction and Development' (also known as the World Bank).

On December 27, 1945, twenty-eight nations signed documents making the 'Bretton Woods Plan' effective. Thus, the Bretton Woods Agreement Plan of 1944 became the Bretton Woods Agreement Act of 1945. It was enacted into law as Appendix XI of the Federal Reserve Bank Act of 1913 on July 31, 1945.

1. The Bretton Woods Agreement Act of 1945 established the World Bank and the International Monetary Fund (IMF). Result was the beginning of the uncontrolled and destructive inflation of the U.S. dollar after the end of World War II.
2. This Act forced a necessary disengagement from the gold standard and opened the door to a tyranny of financial oppression of the working man by abolishing limits on rates of interest that could be charged for the time cost of borrowed money

1. Why was the United States and its Constitution leaned on for dependence, to establish a World Bank and an International Monetary Fund to finance reconstruction of Europe that had been devastated by U.S. military actions during World War II?

Speculation:
2. Is it conceivable that all U.S military battle successes during World war II (fighting a war simultaneously in both Asia and Europe) was due to the fact that the U.S. had the largest industrial manufacturing facilities, talent and capability of any other nation on the planet?

3. No other nation on the planet had the material and financial resources that could be used to assist reconstruction of the nations of Europe. Certainly, the finance ministers of all the central banks in the world were fully aware of this fact. So these foreign finance ministers played the U.S. for a sucker, on the backs of U.S. tax paying citizens, for such economic reconstruction.

Noble objectives for the Bank and the Fund:

• for programs of economic reconstruction and the reconstruction of monetary systems, including stabilization loans
• reduce obstacles to and restrictions upon international trade
• eliminate unfair trade practices
• promote mutually advantageous commercial relations
• facilitate expansion and balanced growth of international trade

According to and under Section 16 of this Act, from 1959 through 1970, a total of $15.871 trillion was authorized for loans to satisfy objectives of this Act. Accordingly, this Act forced an increase of the total U.S. national money supply by that amount during that eleven year period of time.

1. To what extent have any of those objectives been satisfied in the last sixty five years?

2. Given the concentration of objectives to promote international trade practices beginning sixty five years ago, why and what in this hell was all the political push for international trade agreements like GATT and NAFTA?

That shut down of manufacturing in the U.S. reduced the U.S., through an erosion from inflation of the U.S. dollar, into a socialist welfare state and a beggar nation. Thus, further credence is given to the wise allegation that the streets of hell are paved with good intention.

Whatever the causes or reasons for the occurance of World War I, world protagonists of the time placed full blame for the occurance of that horrible conflagration on the nation of Germany.

This portion of this brief relies heavily on eyewitness account that descibes post war World War I proceedings that ended with the Treaty of Versailles, signed on June 28, 1919. That eyewitness account was recorded by John Maynard Keynes (1880-1946) in his book, "The Economic Consequences of the Peace", first published in the U.S. by Harcourt, Brace and Howe, Inc., 1920.

John Maynard Keynes (JMK) is singled out in this brief for two reasons:

1. JMK's detailed eyewitness account of the proceedings and terms and conditions imposed on Germany through that Treaty.

2. JMK played a central role in Britain's finance for their involvement during World War II. Further, he was the chief British representative at the Bretton Woods Conference that established the International Monetary Fund.

There is no question in the mind of this observer, the dominating influence that must have been imposed by Keynes in the construction or formulation of the content of the Bretton Woods Agreement Act of 1945.

When all the material reparations imposed on Germany are translated into units of currency, it is certain that resultant inflation of Germany's unit of currency created the conditions that enabled Adolf Hitler to gain popular support for the NAZI Party, and to start World War II.

Quotation, as follows:

"The problem of the re-inauguration of the perpetual cycle of production and exchange in foreign trade leads me to a necessary digression on the currency situation of Europe.

Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary arrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings wind-falls, beyond their deserts and even beyond their expectations or desires, become "profiteers", who are the object of the hatred of the bourgeoisie, whom the inflation has impoverished, not less than that of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

End of Quotation

The distribution of poverty and wealth is best described by the Balance Equation from Accounting Principles and Practices, where all Assets (of a Nation) are Equal to All of Its Liabilities Plus All of Its Capital.

The mathematical form of this equation, specifically the algebraic form, reads as follows:

Form 1. Assets = Liabilities + Capital or A = L + C

A significant variation of this equation reads:

Form 2. A - L - C = 0 (or zero)

Form 2. of the Balance Equation, cited above, dictates that the perpetual cycle of labor, production (from labor) and exchange (of the products and services from labor), in both foreign and domestic trade, is a "Zero Sum Game". This means one man's loss is another man's gain, because the size of the national money supply at any given moment in time, is a fixed amount. However, that money supply number doesn't remain fixed; it keeps increasing as a result of a deliberate and uncontrolled expansion of the national money supply.

Forms 1. and 2. above of the Balance Equation provide only a static view of the distribution of poverty and wealth. There is a third Form that provides a view of the dynamic relationship that exists between Assets (what you own), Liabilities (what you owe) and Capital (the difference between what you own and what you owe).

Tha Balance Equation in Vector Form illustrates the dynamic relationship that exists for every individual, every family, and for every conceivable organizational entity, including Nations, that can possibly exist on planet Earth. This illustration was specifically selected for the cover of this author's book, "A Capitalist Manifesto" (identified on the Home Page), a complement to this website, with the same purpose and objective - to stop, if not destroy, the creeping rots of inflation and socialism in the United States.

A national money supply watcher for the last forty five years, the current existing total national money supply amount is estimated to be at $15 trillion. If the national debt is at $13 trillion, then only $2 trillion is left as a measurement of total Assets and total Capital remaining in the Private Sector to sustain private ownership of property.

If obligated by the Marxist socialist members of the Congress, under Democrat Party control, 'stimulus' money and 'socialized health care plan' money only add to increase the size of the Liabilities Vector. It appears that, if the increase of the national debt is allowed to reach $15 trillion, then the national debt will be equal to the total national money supply. Such a condition will completely absorb whatever minimal amounts of Assets and Capital of the private sector exists or remains by its owners in the United States. Increased taxation will obliterate all Assets and all Capital.

If that condition is allowed to occur, then the Marxist socialist objectives and initiatiives of Obama's Marxist socialist administration will heve been successfully achieved - then you can fly the American Flag upside down and at half mast - then, Comrade - you can kiss all of your U.S. Constitutional freedoms and private ownership of property Goodbye.

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