Under Direct Credits nobody will own the money. It will be loaned to the people by the Government for convenience in trade only. It will be loaned to them to spend and if they do not spend it they will get nothing for that which they gave for it They must spend it for something or other in order to get something in return for the services or materials they gave for it.
 The Government will have the right to recall the money any time it deems necessary to check up on hoarding and will issue new money to take its place. All old money not returned to the Government for exchange with the new money within a certain time will become void and useless for trade purposes. Therefore people will lose their money if they do not spend it. Wealth is all they can keep.
AUTHOR OF DIRECT CREDITS:
 There is a well defined movement in the world at the present time to put our monetary system on a bimetallic basis. Would not bimetallism solve the money problem?
ANSWER:
 No! Decidedly not. Neither monometalism, bimetallism, trimetalism or any number of metals that might be used for coinage would solve the problem because, it is not the kind of money we use that is the cause of financial difficulties but the manner in which money is manipulated. It is not the kind of material of which money is made that gives it its purchasing power but it is the security that backs it up.
 Give me a piece of tin weighing ounces upon which the Government of the U. S. A. pledge to pay me one million dollars in wealth and which is backed up by all of the wealth of the U. S. A., amounting to $400,­000,­000,­000 as security and I will take the tin in preference to pounds of gold or silver that is not backed up by sufficient wealth security to insure its collectability.
 It is because there is insufficient money for trading purposes and insufficient security to back up the money and credits, that those who control the money are able to manipulate it in such a way through banks, credits and interest that the people are milked of their wealth completely.
 Paper money is the most convenient money to handle for trading purposes and aside from small amounts, such as pennies, nickels, dimes and quarters, paper money is all that is needed for a monetary system if the proper amount of wealth is pledged as security for trade payment.
AUTHOR OF DIRECT CREDITS:
 As the machine is improved and human effort in production is decreased would not the slowing down of production be the solution of our present econdmic difficulties?
ANSWER:
 No, because our present economic difficulties do not rise from over-production but are caused by defective distribution through lack of efficiency in our financial system.