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Hemispheric integration by the installment plan.(Insider Report)

The New American

| December 29, 2003 | COPYRIGHT 2003 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

When in 1913 Senator Nelson Aldrich (R-R.I.), acting on behalf of a power-hungry elite cabal, proposed a framework for the Federal Reserve, President Woodrow Wilson opposed the plan as inadequate. Wilson ardently sought the creation of a European-style central bank, and the Aldrich plan fell short. Presidential confidant Edward Mandell House, who like Aldrich was wired into the Power Elite, persuaded Wilson to accept the Aldrich plan.

"The President ... was distrustful of the Aldrich theory, but I early succeeded in talking him out of that," recalled House decades later. "I told him that it would be physically impossible for us to produce at one stroke an ideal bill. We could only frame one as close as possible to the ideal, and trust to time to amend its mistakes." Significantly, House wasn't able to convince Wilson to display similar flexibility regarding the League of Nations Covenant. As a result, the Power Elite got the Federal Reserve, but had to wait until later to get its world government framework (re-christened the United Nations).

Today, the Power Elite's top priority is completion by 2005 of the so-called Free Trade Area of the Americas. The FTAA would integrate the nations of the Western Hemisphere into a single political and economic entity modeled after the socialist European Union. The road to a supranational government of the Americas will be difficult, and, as William F. Jasper pointed out in his onsite report from the recent FTAA summit in Miami (see "FTAA Falters on Road to 2005" in our December 15 issue), the pact's ...

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Source: HighBeam Research, Hemispheric integration by the installment plan.(Insider Report)

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