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QUESTION 2:
WHY MUST PAPER MONEY BE MADE THE STANDARD OF EXCHANGE AND BE ISSUED IN SUFFICIENT QUANTITIES FOR ALL PURPOSES? ANSWER: Money will have no value whatsoever under Direct Credits Laws but will merely act as a measure ot value for land, products and labor. The money will be stable and not fluctuate at all. It will be issued by the government and loaned to the people as a trade convenlence and will be recalled by the government whenever it is expedlent to do so. In case of recall, of course, the government will issue new money and loan the new money to the people in the place ot the old money This will be done for the purpose of stopping money hoarding, for, within a short period after its recall, the old money will become void and useless and have no purchasing power whatsoever. Therefore, paper money will be the most convenient money to use, as it can be printed in sufficient quantities for all trade purposes, and the cost of printing will be small in comparison to coining metal money. Furthermore, if large quantities of money should be coined for use it would be impossible to recall metal money and re-issue new metal money at the same time. There is no good reason why metal should be used for money anyway. It is cumbersome, antiquated and not in keeping with modern methods or economy. QUESTION 3: WHY SHOULD INTEREST AND ALL OTHER FORMS OF PAYMENT FOR THE USE OF MONEY BE ABOLISHED AND PROHIBITED? ANSWER: Interest is a fraudulent tribute forced upon people without money by those who have it. And as those who control the money, find that they can collect larger tribute with less money in use, they see to it that much less money is put into circulation than needed for trade purposes. Therefore, with a shortage of money they are enabled to establish a credit system whereby they can loan credit and charge interest for it. Then as industry grows they force the people to pay tribute upon credit many times as much as the tribute they force the people to pay as interest for the use of the actual money. In that way the people are forced to pay interest on Billions of so-called credit dollars which never existed. So the interest collection swindle has multiplied through the Credit System until the people of the United States pay approximately Twenty Billion Dollars annually, which is sufficient to absorb the most of their earning capacity. Therefore, unless invarest for the use of money and credit is abolished and prohibited, nothing will help the people out of the deplorable mess they have allowed them- |