friends of the people and who make the people believe that this interest collecting swindle is all right, it is my duty to wake them up and point out to them that this country is now in an insolvent condition and cannot meet their indebtedness according to this swindling interest collecting game. According to American law these swindlers can anytime now declare this country in a state of bankruptcy.
It was estimated in 1928, when times were supposed to be good, that the aggregate wealth of the American people totaled approximately four hundred billions of dollars. Since that time three hundred billion dollars of that wealth passed into the hands of the financiers. This leaves less than one hundred billion dollars worth of wealth distributed among the one hundred and thirty million people of America today. So, as the American people owe three hundred billion dollars to the financiers in interest bearing indebtedness and only have among them one hundred billion dollars in tangible wealth, it can readily be understood that the financiers have the power to foreclose on the people of America and take away from them the remaining one hundred billion dollars worth of wealth that they think they own as payment for the indebtedness. In reality the people of the United States owe three times more than they are able to pay with the wealth they possess. Therefore, they must meet this indebtedness by turning over their remaining property to the financiers. And after that they will still owe a continuation of interest bearing indebtedness that will pile up to mountainous proportions which they and their children and children’s children will have to try and pay with their future earnings. The man who owns a farm, the man who owns a home, the man who owns a store, or the man who owns a factory, must give up those farms, homes, stores and factories to the financier to pay this indebtedness. They are forced to do this by having to pay more taxes, still more and higher taxes, and still more and higher taxes until every American Manufacturer, Merchant, Farmer, Inventor and Working Man or Woman have been defrauded out of every piece of property that they think they own. Nice game for the American people to get mixed up in, eh? The people of America do not know what this depression is all about nor how they are being swindled out of all of their property and earnings and how eventually they will be made into a slave race that will stagger under the burden of unpayable future interest for centuries to come. There is a good reason why the people cannot understand these things and that is because the financiers control every avenue of publicity and, of course, will not permit them to learn how this swindling game is perpetrated. The financiers educate the people as they |