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Capital for Money and forces Labor to go without food.
Without jobs, laboring people cannot spend money with merchants, and merchants can buy no goods from manufacturers, and thus everybody suffers from stagnation and depression. So, in order to stop Depressions and Pauperism, the tax must be taken off of money and enough of it be issued for all trade purposes, as explained in my book, “Direct Credits for Everybody.” Interest is the thief of everybody. It robs the Government; it robs the manufacturer; it robs the merchant, and it robs the workmen It robs everybody except a few financiers who control the money and by its control gain power to stifle Governments, Industry and Employment. The Direct Credits Society is organized to safeguard the economic rights of everybody and the sooner the people stand together for self-preservation the sooner honest laws will be made that will protect their interests, permit Capitalists to borrow money from the Government without interest to operate their factories and pay Laboring people high enough wages to enable them to buy all of the products the manufacturer makes and the merchant has to sell, as well as giving them a chance to live honestly and decently. |
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STANDING THE PEOPLE ON THEIR HEADS
The World’s Greatest Monstrosity. An upside-down financial
system. Designed by a Fraud and
upheld by Lunatics.
With a Ten Billion Dollar Base the Financiers have tricked the people out of Three Hundred Billion Dollars worth of wealth, forced them into an indebtedness of another Three Hundred Billions, and they still control the Base. The scheme is quite simple: The annual income from the sale of products being about One Hundred Billions and the base Ten Billions being insufficient for purchasing purposes the difference is made up in credits charged for by the financiers. This is accomplished by the collection of interest and various slippery methods and it amounts to about Twenty Billion Dollars annually. This Twenty Billion Dollars annual interest is more than all of the money in use and, of course, cannot be paid, so the Financier takes the security, which often is worth ten times the amount borrowed. In this way the people are fleeced of all of their possessions. If this interest collecting game is kept up for another few years then by a natural process of elimination there will be left but a half dozen Financiers who will own or control all of the Four Hundred Billion Dollars worth of wealth in the U. S. A., in addition to increasing the public and private indebtedness to about Five Hundred Billion Dollars Then in later years, by and through compound interest, compound credits and compound crookedness, it is possible to further |