value. Then by controlling the quantity of gold and issuing a limited
amount of money in its stead as a medium of
exchange they force a tribute upon the people in the shape of
interest charges for the use of it.
Right here let
me explain that money has no value whatsoever and should only be used as
a trade convenience in the measurement of value.
Value lies in the product and is decided by supply and demand.
Money is of no use at all unless people will accept it in exchange for
their products and no one will accept it unless it is guaranteed as a
medium with which to purchase other products.
The stability of money then is given to it by reason of the fact that
people will accept it as a trade convenience.
The guarantee that all of the people will accept it as a trade
convenience is the official stamp of the people's government.
So the people of a country are the ones to decide as to the regulation
of their money system and not swindling financiers.
But the people of the United States have turned over their money system
to the financiers and these tricksters do not use this money as a pure
trade convenience but as a medium to defraud the people by making them
pay tribute for the use of it and thereby they are enabled to not only
swindle the American Manufacturer, American Inventor, American Farmer,
American Merchant and American Working People out of their Factories,
Inventions, Farms, Stores and Homes but they are able to run up
continuously an indebtedness of future Interest payments that not only
increase to such proportions that they can never be paid, but it also
enables them to actually make slaves of the people themselves on account
of the indebtedness.
During the past ten years, through this interest collecting indebtedness
that the Manu- |
facturers, Merchants, Farmers, Inventors and Working People
were not able to meet, the financier foreclosed on more than 200,000 factories, more than three million
stores, more than three million farms. and more than six million homes
in America. They took away more than three hundred billion dollars worth
of the American people's wealth by this swindling game for which they
gave absolutely nothing and for which they took no part in the actual
production thereof.
And on top of that, to make matters worse, by their various crooked credit
methods they made the people of America sign up to interest bearing
indebtedness for future payment for more than another three hundred
billion dollars of indebtedness for which these financiers gave
absolutely no return in tangible wealth.
Now it is estimated that at the present time the people of the United
States must pay altogether an aggregate of more than twenty billion
dollars annually to try and meet the interest on this three hundred
billion dollars of interest bearing indebtedness.
Of course the American people cannot pay twenty billions of dollars
annually as there is not that much money in America and never was that
much money in America, so their interest bill is several times more than
the actual amount of money in circulation in this country.
Of course the financiers, through their various avenues of publicity,
misrepresent this whole infernal scheme of stealing the people's
property and even go so far as to pretend that there is sixty billions
of dollars on deposit in the American banks which of course is only done
to fool the people into thinking that there is more money in America
than there is.
Previous to the revaluation of the gold fraud in which they, by the
stroke of the pen, called one dollar in gold two dollars in gold and
therefore reduced the dollar bill to one-half of its purchasing power,
there was never ten billion dollars |