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policy, <strong>and</strong> a single authority issuing <strong>the</strong> currency <strong>and</strong> directing <strong>the</strong> monetary policy. How can<br />
independent states accomplish that <strong>The</strong>y need to turn over <strong>the</strong> determination of monetary policy to a<br />
supranational body." (Emphasis added)<br />
Insider Cooper realized <strong>the</strong> challenge involved in selling this totalitarian idea to <strong>the</strong> public. "This onecurrency<br />
regime is much too radical to envisage in <strong>the</strong> near future," he said. "But it is not too radical to<br />
envisage 25 years from now.... [I]t will require many years of consideration before people become<br />
accustomed to <strong>the</strong> idea." Getting people in <strong>the</strong> West, <strong>and</strong> particularly in <strong>the</strong> <strong>United</strong> States, warm to <strong>the</strong><br />
idea of "a pooling of monetary sovereignty" — especially with communist countries — would be<br />
difficult. Cooper wrote:<br />
First, it is highly doubtful whe<strong>the</strong>r <strong>the</strong> American public, to take just one example, could<br />
ever accept that countries with oppressive autocratic regimes should vote on <strong>the</strong> monetary<br />
policy that would affect monetary conditions in <strong>the</strong> <strong>United</strong> States.... For such a bold step to<br />
work at all, it presupposes a certain convergence of political values....<br />
Convergence with Totalitarian Regimes<br />
That requisite "convergence" is already underway <strong>and</strong> well-ahead of Professor Cooper’s 25-year<br />
estimate, thanks to <strong>the</strong> high-powered sales job his fellow CFR members have conducted on behalf of <strong>the</strong><br />
"former" communist states. <strong>The</strong> Establishment policy line has been repeated again <strong>and</strong> again in <strong>the</strong><br />
Insiders’ elite journals (Foreign Affairs, Foreign Policy, World Policy Journal), as well as in <strong>the</strong> CFRdominated<br />
popular media. It holds that <strong>the</strong> <strong>United</strong> States must provide Russia <strong>and</strong> all <strong>the</strong> nations of her<br />
former satellite empire with billions of dollars in credits <strong>and</strong> aid to help <strong>the</strong>m make <strong>the</strong> transition to "a<br />
market economy."<br />
Writing in <strong>the</strong> Summer 1990 Foreign Policy, Thomas G. Weiss (CFR) <strong>and</strong> Meryl A. Kessler set out <strong>the</strong><br />
globalist line:<br />
As for <strong>the</strong> economic realm, <strong>the</strong>re is little hope for cooperation between <strong>the</strong> superpowers<br />
until <strong>the</strong> <strong>United</strong> States allows <strong>the</strong> Soviet Union to become a full-fledged actor in global<br />
economic affairs.... <strong>The</strong> <strong>United</strong> States should follow up by supporting immediate Soviet<br />
observer status in <strong>the</strong> IMF <strong>and</strong> <strong>the</strong> World Bank, leading toward full membership....<br />
American interests <strong>and</strong> <strong>the</strong> credibility of <strong>the</strong> <strong>United</strong> States as a leader in world affairs would<br />
be enhanced by joining <strong>the</strong> Soviet Union in taking <strong>the</strong> lead at <strong>the</strong> <strong>United</strong> <strong>Nations</strong>.17<br />
Those steps were adopted in toto by <strong>the</strong> Bush Administration. <strong>The</strong> 12 "republics" of <strong>the</strong> new<br />
Commonwealth of Independent States, <strong>the</strong> former Warsaw Pact countries of Eastern Europe, <strong>and</strong> <strong>the</strong><br />
three Baltic states have ei<strong>the</strong>r become members of <strong>the</strong> World Bank <strong>and</strong> International Monetary Fund or<br />
are in <strong>the</strong> process of joining. <strong>The</strong> IMF is now in <strong>the</strong> process of transferring billions of tax dollars from<br />
<strong>the</strong> West to socialist regimes in <strong>the</strong> East still run by communists <strong>and</strong> former communists. Not<br />
surprisingly, <strong>the</strong>se regimes have shown little evidence of any serious intent to make <strong>the</strong> leap from<br />
collectivist to free-market economies.18<br />
<strong>The</strong> Insider line, in fact, is that we must slow down <strong>the</strong> transition of <strong>the</strong> communist/socialist countries to<br />
free markets. Writing in <strong>the</strong> Summer 1992 World Policy Journal (published by <strong>the</strong> World Policy<br />
Institute — a CFR-dominated think tank — <strong>and</strong> <strong>the</strong> Fabian socialist New School for Social Research),<br />
Sherle R. Schwenninger asserted in an article entitled "<strong>The</strong> <strong>United</strong> States in <strong>the</strong> New World Order" that<br />
"<strong>the</strong> <strong>United</strong> States should use its weight within <strong>the</strong> IMF <strong>and</strong> <strong>the</strong> World Bank to encourage a slower