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You'd never guess it from the ho-hum reportage of the Establishment press, but the recently concluded Summit of the Americas in Monterrey, Mexico, was a revolutionary event of major magnitude. The two-day summit (January 12-13) attended by President Bush marked another step forward in a long-term agenda to abolish national borders and merge the countries of the Western Hemisphere into a regional Free Trade Area of the Americas (FTAA). The general spin by most of the media analysts is that the conference hosted by Mexican President Vicente Fox did not accomplish much, ending with a harmless declaration but little consensus among the hemispheric leaders.
The truth is far different. The summit's final statement, the Declaration of Nuevo Leon, commits the 34 nations to courses of action that have little or nothing to do with increasing trade--the ostensible purpose for creating the FTAA--but much to do with destroying our borders, soaking U.S. taxpayers for billions of dollars more in foreign aid, and promoting socialism throughout the hemisphere. The Declaration, for instance, included a call for tripling the funding of the Inter-American Development Bank (IDB) for loans to Latin American businesses. The IDB--like the World Bank, the International Monetary Fund and other multilateral lending agencies--has a horrible record of corruption and of funding statist projects that have saddled Latin Americans with a ...