Jekyll_text

428 THE CREATURE FROM JEKYLL ISLAND THE LONDON CONNECTION 429
power. It is only with that background that one can fully appreciate
Reunion with her American children is the only sure way to
the willingness to sacrifice American interests. Indeed, "it is the
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
Our policy of the last four years, up to this January, has been
America united, so surely is it one morning to rise, shine upon, and
effective in accomplishing the purpose for which it was designed. It
greet again the reunited state, "The British-American Union/'
has enabled monetary reorganization to be completed in Europe,
which otherwise would have been impossible. It was undertaken with SUMMARY
the well recognized hazard that we were liable to encounter a big
After the Civil War, America experienced a series of expansions
speculation and some expansion of credit. . .
Our course was perfectly
and contractions of the money supply leading directly to economic
obvious. We had to undertake it. The conditions permitted it, and the
booms and busts. This was the result of the creation of fiat money by
possibility of damage abroad was at a minimum.
a banking system which, far from being free and competitive, was a
Damage abroad? What about damage at home? It is clear that
half-way house to central banking. Throughout the chaos, one banking
firm, the House of Morgan, was able to prosper out of the failure
Strong saw little difference between the two. He was the forerunner
of the internationalists who have operated the Federal Reserve ever
of others. Morgan had close ties with the financial structure and culture
of England and was, in fact, more British than American.
since. He viewed the United States as but one piece in a complex
world financial structure, and what was good for the world was
Events suggest the possibility that Morgan and Company was in
good for America. And, oh yes, what was good for England was
concealed partnership with the House of Rothschild throughout
good for the world!
most of this period.
THE BRITISH-AMERICAN UNION
Benjamin Strong was a Morgan man and was appointed as the
It is one of the least understood realities of modern history that
first Governor of the Federal Reserve Bank of New York which rapidly
assumed dominance over the System. Strong immediately
many of America's most prominent political and financial figuresthen
as now—have been willing to sacrifice the best interests of the
entered into close alliance with Montagu Norman, Governor of the
United States in order to further their goal of creating a one-world Bank of England, to save the English economy from depression.
government. The strategy has remained unchanged since the formation
of Cecil Rhodes' society and its offspring, the Round Table which caused an outflow of gold, a loss of foreign markets, unem-
This was accomplished by deliberately creating inflation in the U.S.
Groups. It is to merge the English-speaking nations into a single
ployment, and speculation in the stock market, all of which were
political entity, while at the same time creating similar groupings
factors that propelled America into the crash of 1929 and the great
for other geopolitical regions. After this is accomplished, all of these
depression of the 30s.
groupings are to be amalgamated into a global government, the
Although not covered in this chapter, it must be remembered
so-called Parliament of Man. And guess who is planning to control
that the same forces were responsible for American involvement in
that government from behind the scenes.
both world wars to provide the economic and military resources
This strategy was expressed aptly by Andrew Carnegie in his
England
book, Triumphant Democracy. Expressing concern that England was
needed to survive. Furthermore, the key players in this
in decline as a world power, he said:
Andrew Carnegie, Triumphant Democracy (New York: Charles Scribner's Sons,
1893), pp. 530-49. This is a revised edition of the book which was originally written
1. Chandler, p. 458. For additional clarification, also see pp. 459-63- *n 1886. Earlier editions do not contain these words.
price we must pay for helping Europe."
In spite of the growing signs of crisis in the American economy,
Morgan's protege, Benjamin Strong, was nonetheless pleased with
his accomplishment. In a letter written in 1929 to Parker Gilbert,
who was the American Agent for Reparations, he said: