Part 8/16:
With the dollar's formal gold backing removed in 1971, the IMF's role shifted from maintaining fixed exchange rates to managing global monetary stability through "paper currencies." The creation of SDRs was a critical step in this evolution, providing a pseudo-gold reserve that justifies the expansion of money supply.
The IMF and World Bank became tools to facilitate international transfers of counterfeit money, siphoning wealth from productive nations and redistributing it—often to corrupt regimes—under the guise of humanitarian aid. These loans often fund socialist policies, nationalizations, and destructive development projects that impoverish recipient nations rather than uplift them.