quarreling and negotiations in
which the workingmen club each
other and ruin the manufacturer’s
property, the workingmen are
given a slight raise in wages—say
ten percent. The workingmen
then think they have won a victory when in reality they have
sustained a defeat.
How? That is easy to explain. The financiers, in the background, who now pull the strings of both Industry and Labor, raise the prices of the necessities, twenty, thirty or fifty percent. So when the workingmen go to make purchases they find that their wages, although increased, will not buy as much food as before they “had won their ten percent victory.” Nice game, isn’t it, for the financiers? But the slickest of all games that the Financiers ever put over was the revaluation of Gold fraud, whereby they turned one dollar in gold into approximately two dollars in gold and thereby reduced the purchasing power of a dollar bill to fifty-nine cents. So the working man had his wages increased ten percent, payable in dollar bills, only to find that they were worth but fifty-nine cents. Yes, he thought that the ten percent raise in wages was his victory when in reality the slickers had given him an awful drubbing. Of course, that gold revaluation trick was also a solar plexus blow to the manufacturer, merchant, farmer and professional as well, because with such a low purchasing power on the part of the workingman enough trade could not be worked up to pay their expenses. I am trying to teach the people an honest game through the Direct Credits Plan, but I must first, teach them how the Slickers’ Dishonest game is played today. There would be no use telling you how their game was played fifty years ago. You must know how their game is played now if you want to cope with their present trickery. So if you want to be up-to-the-minute in Economics you must get your lessons from a practical man who has had experience in present day financial methods and not from the mouths of theorists who tell you about the tricks played by Industrialists fifty years ago. You must taboo those attic theories of the past and spend your valuable time learning practical economics of the present. You cannot fight modern slickers with ancient theories. The Slickers are now on your backs; there is no time to theorize. I am now showing you how to shake them off in the most practical and scientific way. So, if you, the honest producers of all wealth, want to get rid of the dishonest slickers quickly, so that you can enjoy a purchasing power equal to your productive power and actually win a real victory, you must put your absolute faith and trust in me and not in the Slickers nor your false leaders who have misled you. I promise you before God, whom I must soon face and make an accounting to, that I will never betray you. My duty is to God and not to the financiers. |