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his own home. There won’t be a merchant that will own his own store. What the Direct Credits Society intends to do is to take the value out of the money and put it where it belongs—in land, produtts and labor. Then in proportion to what the farmer, the manufacturer, the merchant and the laborer puts into land, products and labor that is needed by everybody, they will get out of it. The swindler will get nothing. In the first place the Government will print the money as a Trade Convenience and lend it to the people without interest. As the Government will lend the money to the people, it will have the right to recall the money instead of having to redeem the money, according to our present idiotic money system. That will stop the Government from ever getting into debt with anybody. Our present daffy system permits the Government to print the money and turn it over to the financiers free of charge and then borrow it back from them again and—don’t laugh—pay the financiers interest for the use of it. Don’t you think the people need a keeper? Because the financiers claim the right to own money they get control of it and then restrict the quantity issued, so the people are forced to pay them tribute for the use of it in the shape of interest. They have now restricted it to such an extent that the people are forced to pay interest on many times more credit than there is actual money. By such a crazy system we have now reached the point of stagnation, whereby the financier owns practically all of the |
property, all of the money, and all of the security. If you want to do business, you must go to the financier and borrow money with the promise of paying interest. But before he will lend it, you must put up tangible property as security. But because you could not pay back interest he has taken your property from you and you now have no security to put up. So he will lend no more money, although he has Billions of Dollars’ lying idle in his vaults. So, by and through the Interest Collecting Swindle, the financier now has not only all of the people’s property, all of the people’s money and all of the people’s security, but he has also forced them to agree to pay with interest Three Hundred Billion Dollars of Indebtedness at some future date. The Direct Credits Society has a complete program that has been made for the benefit of the people. It shows no favors to anybody. It will give a purchasing power to everybody equal to their productive power that will assure Justice for Everybody that will harm Nobody. You should study the Direct Credits Plan, endorse it and unite with everybody, and notify your clerks at Washington that you know exactly what you want and that you are going to get it from now on. When your clerks find out that you really know what you want and that you really intend to have it, they will do exactly as you tell them to do. After Direct Credits Laws are enacted, the Government will operate all banks, and the merchants, manufacturer and farmer can then borrow such money as they will need to run their business successfully without hav- |