In spite of the growing signs of crisis in the American economy,Morgan's protege, Benjamin Strong, was nonetheless pleased withhis accomplishment. In a letter written in 1929 to Parker Gilbert,who was the American Agent for Reparations, he said:

Our policy of the last four years, up to this January, has been effective in accomplishing the purpose for which it was designed. It has enabled monetary reorganization to be completed in Europe, which otherwise would haVe been impossible. It was undertaken with the well recognized hazard that we were liable to encounter a big speculation and some expansion of credit.. . Our course was perfectly obvious. We had to undertake it. The conditions permitted it, and the possibility of damage abroad was at a minimum.

Damage abroad? What about damage at home? It is clear thatStrong saw little difference between the two. He was the forerunnerof the internationalists who have operated the Federal Reserve eversince. He viewed the United States as but one piece in a complexworld financial structure, and what was good for the world wasgood for America. And, oh yes, what was good for England wasgood for the world!

THE BRITISH-AMERICAN UNION

It is one of the least understood realities of modern history thatmany of America's most prominent political and financial figures-then as now—have been willing to sacrifice the best interests of theUnited States in order to further their goal of creating a one-world government. The strategy has remained unchanged since the formation of Cecil Rhodes' society and its offspring, the Round Table Groups. It is to merge the English-speaking nations into a single political entity, while at the same time creating similar groupings for other geopolitical regions. After this is accomplished, all of these groupings are to be amalgamated into a global government, the so-called Parliament of Man. And guess who is planning to control that government from behind the scenes.

This strategy was expressed aptly by Andrew Carnegie in hisbook, Triumphant Democracy. Expressing concern that England wasin decline as a world power, he said:

1. Chandler, p. 458. For additional clarification, also see pp. 459-63.

THE LONDON CONNECTION

429

Reunion with her American children is the only sure way to prevent continued decline.... Whatever obstructs reunion I oppose; whatever promotes reunion I favor. I judge all political questions from this standpoint....

The Parliament of Man and the Federation of the World have already been hailed by the poet, and these mean a step much farther in advance of the proposed reunion of Britain and America.... I say that as surely as the sun in the heavens once shone upon Britain and America united, so surely is it one morning to rise, shine upon, and greet again the reunited state, "The British-American Union."1

SUMMARY

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