IMF Launches Old-Fashioned Propaganda on YouTube

Out of the Ashes (Rebuilding the International Monetary System)? ... The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. – United Newsreel Corporation

Dominant Social Theme: John Maynard Keynes and Harry Dexter White were far-sighted individuals who helped create that most far-sighted of institutions, the International Monetary Fund.

Free-Market Analysis: This video, which has just gone up on YouTube, tells the tale of the formation of the International Monetary Fund.

Interestingly, it's been placed on YouTube by the IMF itself, which has its own YouTube channel. You can read the description of the IMF above.

The newsreel, which must have been put together in the 1940s or early 1950s, sounds like any other Western propaganda of the time. The sonorous voice-over of the narrator telling us what to believe is especially noteworthy – and would be amusing if one didn't already know how much suffering the IMF has caused.

The entire construction of the fund is covered in just eight minutes and one could come away convinced, as many no doubt did, that the IMF was the brainchild of the "world community" – and was "essential to winning and preserving the peace."

Those were the words of Harry Dexter White, who is given a big role in explaining the IMF's progress throughout the newsreel. Of course, from a distance of 60 years we can see that virtually none of the promises made about the IMF were kept.

It hasn't proved to be an agent of peace but merely another facility of power elite exploitation. Nonetheless, it's instructive to see how it was pitched to a perhaps more gullible public yearning for institutions of prosperity after a troubled time.

See it here:

(Video from IMF's YouTube user channel.)