WARS ONLY BENEFIT THE BANKERS

The way that the new loan was designed would have created an economically unified Europe in one sweep. The bankers would become the central planners of this empire, not unlike the Bolsheviks in Russia two years before, or the planners in Brussels today.

Vanderlip disclosed why it was important that the bankers hold the new loan. He explained how European governments could pay the interest: by giving the bankers first lien on the customs of each country. This means Europe would pay the bankers with their products. The financiers would determine how the loans were parceled out to each country, and what industries get what materials. The point is that the bankers would control the resulting monopolies. This is exactly what international financiers liked about Communism and early Fascism.

Far from being a champion of “self-determination,” the US president assisted these financiers behind Congress's and the Senate's back. Wilson chose to ignore the fact that the House and Senate had to ratify his proposals before they became law or America's commitments. Why? It was obvious that the United States Congress was not politically disposed to the financiers' aims. In Senator Borah's words, Woodrow was acting like “President of the World.”