text: representatives in the Trusteeship Council to the effect that there was no military activity by the United States in Micronesia. 164. One of the Micronesians speaking in the Trusteeship Council as an adviser to the United States delegation had described the compacts as Magna Chartas. Indeed, the compacts could be regarded as Magna Chartas of neo-colonialism for Micronesia, according to which the United States would maintain control over questions of defence, external relations and finances. The compacts were accompanied by separate mutual security pacts between the United States and the Marshall Islands and between the United States and the Federated States of Micronesia which, in conjuhction with the military clauses of the compacts, would make it virtually impossible for those parts of Micronesia to free themselves from the cage that the Pentagon had constructed around them or to change their neo-colonial status in any way. -23- 165. Furthermore, the United States maintained its right to exercise a veto over internal affairs, trade, external relations and even development programmes if it deemed such programmes to be in conflict with its security interests. The decision as to what was or was not consonant with its security interests was also the prerogative of the United States. 166. Such a situation completely nullified even that limited degree of autonomy which Micronesia currently enjoyed. Furthermore, the compacts contained no provision to indicate that when they expired, the United States would help to facilitate the accession by Micronesians to sovereignty and independence. 167. The question of Micronesia was an integral part of the problem of decolonization. The status of the Territory, which had been recognized in the agreement between the Security Council and the United States as a strategic area, could not simply be altered according to the unilateral wishes of the Administering Authority and behind the back of the Security Council, 
analysis: The text primarily focuses on the political and colonial aspects of the relationship between the United States and Micronesia, discussing the compacts, military clauses, and the lack of autonomy and sovereignty for Micronesia. While there are some mentions of the United States' control over finances and development programs, the main focus is on the political and colonial implications rather than economic development or resource management.