Interest tribute each year.
They collect all of the interest that they can squeeze out of you and what you ean’t pay them they add to the principal. And so the principal keeps growing in leaps and bounds. When I started the Direct Credits Society, in 1931, the interest-bearing indebtedness for the people of the United States was about two hundred billion dollars. Today it is more than three hundred billion dollars. So they have added one hundred billion dollars to the American people’s interest-bearing indebtedness within seven years. And it is going to grow and grow and grow up to a thousand or more billions for your little children to try and pay if they can. How can your little children pay interest on a thousand billion dollars later on if you can’t pay the interest on three hundred billion now? By a little unselfish thinking you can readily see what sort of a mess you are getting your children into. They will grow up to hate you unless you change your tactics. The financiers not only control the schools and the colleges, but they control the newspapers and magazines. They control the screen. They control the radio. Did you ever hear anybody say over the radio “Abolish Interest?” Of course not. They control every avenue of publicity and you only learn what they want you to know. The financiers control all influential organizations except the Direct Credits Society and they haven’t enough money to buy an interest in that. The financiers control your manufacturers’ and merchants’ associations. All the financiers let the merchants and the manufacturers do in these Merchants’ and Manufacturers’ Associations is to pay fees and dues. They let them pay their own way out of business. The financiers’ touts organize all associations themselves and then call them by the names of the classes they intend to skin on a big scale. They call their own controlled organizations—Farmers’ Associations, Merchants’ Associations, Manufacturers’ Associations, Labor Associations, etc. The financiers and their touts don’t like Lawson because he intends to give them only what they earn. But that will be giving a square deal to everybody and even the financiers will like the plan after it has once been put into operation and they learn what real happiness, honesty creates. It is only the downright cheat who doesn’t want Direct Credits. He wants to take something the other fellow earns. The Direct Credits Plan will make it possible for everybody to earn enough to live comfortably and decently as long as life lasts without degrading oneself to do it. That twenty billions of dollars that the financiers rob the people of annually here in America is going to be turned back into the people’s pockets, and when the people don’t have to pay interest on money, then they are going to get a purchasing power equal to their productive power, which gives justice to everybody and harms nobody. |