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capita circulation has increased from an alleged $40 or $50 per
capita to an alleged $188, and the OPA was established to hold
down prices and wages. The "hold the line" limit of wages estab-
lished by Roosevelt was for this same purpose. Bonds were adver-
tised and sold to the public for the avowed purpose of preventing
inflation and no doubt the proceeds of them were squandered in
"lend lease" and otherwise for the same purpose.
We could have fought the war with currency and without
bonds, but that would have created inflation. So the New Dealers
chose the bond route and with it established the OPA. They there-
by imposed upon us a bonded debt that we can only pay by infla-
tionary prices and wages. The quickest and best way is to pay
this huge debt and issue currency in payment of it. That will of
course create inflation, but it is better than "bond slavery" and
poverty and suffering and communism. The bond-holder will not
be able to buy as much goods and service with his money. But
even that is better than slavery of labor and industry.
The "kept press" is now pointing out the horrors of inflation.
Neither we nor the people of any other country have ever been
hurt by inflation, but only by deflation. The important thing for
us is to have the money to pay our debts and taxes. It is a matter
of but little consequence whether the bill is marked $1 or $100 if
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we have enough of them. They say that "what goes up must come
down." That is true of gravitation and also of prices and wages
as long as the Zionists have the power of "withdrawal of money
from circulation," and no longer.
The French were not hurt by the great expansion of the as-
signat, nor the Germans by the enormous increase in the supply
of the reichmark. They were periods of their greatest prosperity
for they enabled the oppressed debtors to get free of their debts.
Nor were we hurt by the alleged inflation of 1919-20 that followed
World War I. It was only by the deflation of 1920 which the
Rothschild agencies brought about.
ROTHSCHILD MANIPULATES INFLATIONS AND
DEFLATIONS
It is through inflation and deflation and the manipulation of
the exchanges that the Rothschilds have absorbed the greater
part of the wealth of the world. Inflate to lure the suckers in; de-
flate to squeeze them out. If Nathan Rothschild increased the
huge Rothschild fortune 2500 times, as he boasted, it was
through speculation on the exchange.
He was with the army of the Duke of Wellington at the battle
of Waterloo. As soon as he discovered that the allied forces would
win, he rushed to London and spread the report that the Duke had
been defeated. This created a wild panic on the stock exchange;
people dumped their stocks at a fraction of their value. Nathan
ostentatiously sold stocks and secretly bought. When it was learn-
ed that Napoleon had been defeated, there was great rejoicing
and a great boom, and Nathan unloaded the balance of his stocks.
There has never been a boom or a collapse since that time that
the Rothschilds have not profited by it, and they have created
them for that purpose. They had a perfect system. Through
their control of the gold supply of the world they could expand or
contract currency and credit at will; expansion created inflation
and contraction brought on deflation. We have had them with such
certainty and regularity that we consider them natural phenom-
ena. And there are those who pretend to be able to forecast them.
The world bank was promoted by the Rothschild agents for the
purpose of regulating the economy of the world, but it has gotten
off to a bad start; even its first Jew president, Eugene Meyer,
abandoned it.
FIAT MONEY
We are now presumably on a gold basis, for we have the Fed-
eral Reserve gold convertible note. But the truth is that we are
in fact on a "fiat" money basis. No one can present a gold note to
the Federal Reserve bank and get the gold, for the law prohibits
payment in gold. Fiat money is simply a certificate by the govern-
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ment that the bill is legal tender for debt and taxes, and that is all
that any sane man wants.
The British pound was formerly secured by a gold reserve. It is
reported that Nathan Rothschild sought the privilege of issuing
legal tender notes. When that was denied, he undertook to break
the Bank of England. Day after day, he presented the bank's notes
for payment in gold, and collected and hoarded the gold until the
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