The text explores the changes in America's internal power structure after the establishment of the Federal Reserve System in 1913. It acts as the central bank of the country but is a foreign body by its origin, conduct, and lack of normal affiliation with the constitutional bodies of power: Congress, Government, and the Judicial. It allows the institution to openly ignore the formal mandates given it by the Federal Reserve Act of 1913, allowing it to act independently and without accountability for its acts and their consequences. By all evidence, it is the ruling power of the country in domestic and also foreign matters. Its independence in policy setting and implementation has put it on a direct collision course with its historic purpose, yet without any official inquiries or questions asked. Its imperial behavior leaves the proud and powerful American nation in a status equal to a colony of its former British masters.

The text explores the changes in America's internal power structure after the establishment of the Federal Reserve System in 1913. It acts as the central bank of the country but is a foreign body by its origin, conduct, and lack of normal affiliation with the constitutional bodies of power: Congress, Government, and the Judicial. It allows the institution to openly ignore the formal mandates given it by the Federal Reserve Act of 1913, allowing it to act independently and without accountability for its acts and their consequences. By all evidence, it is the ruling power of the country in domestic and also foreign matters. Its independence in policy setting and implementation has put it on a direct collision course with its historic purpose, yet without any official inquiries or questions asked. Its imperial behavior leaves the proud and powerful American nation in a status equal to a colony of its former British masters.

Despite its daily appearance in the media, official pronouncements, and publications of all sorts, globalization is a poorly defined concept. Globalization is usually defined in economic and financial terms such as foreign investments, trade, income flows, industrial development, employment, and the production of value added. Yet cultural, political, demographic, and other forces that receive less attention, because they are beset with difficulties of precise definition and measurement, also drive globalization. Because it is nearly impossible to weigh all the various components of the globalization process at once, this study limits its focus to three major questions. First, what have the different national industries contributed to the globalization process, and how has this affected the rankings of both actively and passively participating national economies? Second, considering the trillions of dollars spent on foreign direct investments as a main driver of the world's economic integration, how significant have these investments been to the world's output of products and services, commonly measured in terms of gross domestic product? Finally, what are the political implications of America's recently developed neo-conservative doctrine of the new world order or the New American Century on globalization's future?