Now, the big International Swindlers who are stealing America
make you believe through their
TOUTS, that money has a value
and that they have the right to
own it and charge you TRIBUTE
for the use of it.
They have also made you believe that a dead piece of metal called Gold is the basis of all value and so they stick a few lumps of it away in their vaults where you never see it and tell you that, that is the security for all of your money and because you listen to the slickers who skin you, you believe such foolishness. Their next step in the Swindle is to curtail the quantity of money put into circulation so that they can make you pay tribute for fhe use of credit as well as making you pay tribute for the use of money and by this crooked method they actually charge you twelve times more interest for credit than they do for the use of money. Without enough money to use as a Trade Convenience the financiers make everybody pay for an intangible Credit which has absolutely no basis of support and is concocted by loaning the promise of the same money to different persons and then trusting to the Devil that they will not all call for it at the same time. In lieu of the real money they hand out notes and credit slips of various kinds upon which tribute is collected in the shape of interest. That is one of the reasons why the people of the United States as a whole must pay approximately Twenty Billion Dollars annually as an aggregate Interest bill which is an amount several times greater than the actual money in circulation. Assuming roughly for instance, that the people do a Hundred Billion Dollars in business during a year and there is but Eight Billion Dollars in money in this country (it is seldom that there is even Four Billion Dollars actual money in circulation, the balance being held in the vaults of the financiers) not only are the people as a whole charged tribute for the use of the money but they are also charged tribute in the shape of interest upon a mountainous conglomeration of theoretical credits covering and recovering all of the nation’s business for the entire year. This Twenty Billion Dollars in tribute is paid by the people as a whole through Interest Bearing Bonds, Preferred Stocks, Mortgages and Loans of various descriptions. Everybody must pay it when purchasing food, clothing, furniture or other things needed in their daily life. They also pay it in Rents, Transportation Expenses and a large variety of Taxes. The Interest may have to be paid to the financiers in the first place by the manufacturers, merchants, farmers and builders for the right to do constructive work but it is always recharged to the people who purchase the products in the end. Of course, Twenty Billion Dollars cannot be paid annually to the Financiers in interest when there is but Eight Billions of Dollars in money in existence (not counting Gold which is seldom used in circulation) |