that the gold reserve requirement
should be abandoned. I agree with several of your criticisms of the
Report but I cannot agree that 'the objective of the Commission on
Money and Credit (to finish the conversion of America into a total
socialist state, under the dictatorship of whatever proletarian
happens to be enthroned in the White House) can be seen, between
the lines, in the Commission's remarks about the formidable problem
of unemployment.'

"At its worst, it was a compromise of the divergent viewpoint of
the conservative and liberal members of the Commission."

I will not argue with Mr. Shuman, an honest and honorable man, about the
objective of the Commission; but I will reassert the obvious:
recommendations of the Commission on Money and Credit, if fully
implemented, would finish the conversion of America into a total
socialist state.

* * * * *

As pointed out before, the various agencies which interlock with the
Council on Foreign Relations do not have formal affiliation with the
Council, or generally, with each other; but their effective togetherness
is revealed by their unanimity of purpose: They are all working toward
the ultimate objective of creating a one-world socialist system and
making America a part of it.

This ambitious scheme was first conceived and put into operation, during
the administrations of Woodrow Wilson, by Colonel Edward M. House, and
by the powerful international bankers whom House influenced.

House founded the Council on Foreign Relations for the purpose of
creating (and conditioning the American people to accept) what House
called a "positive" foreign policy for America--a policy which would
entwine the affairs of America with those of other nations until this
nation would be sucked into a world-government arrangement.

Colonel House knew, however, that America could not become a province in
a one-world socialist system unless America's economy was first
socialized. Consequently, House laid the groundwork for "positive"
domestic policies of government too--policies which could gradually
place government in control of the nation's economy until, before the
public realized what was happening, we would already have a socialist
dictatorship.

The following passages are from pages 152-157 of _The Intimate Papers of
Colonel House_:

"The extent of Colonel House's influence upon the legislative pla