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IV
Progress, Employment, Prosperity
All the truly good things of this age—and more—are available to everyone without inflation, and without the multiplicity of evils attending it. Economists concerned over the lack of credit to sustain business without legalized "counterfeit" should ponder the possibilities if people were no longer robbed by inflation, the powerful stimulant to business if all the money embezzled by inflation—and insanely squandered—were available to those who earned it, to be spent for things they need.
Is there any sane reason why we must have need and unemployment side by side, why the deprived cannot supply their own needs by their own hands? Millions in the poverty- and crime-infested ghettos of our land would be happy for the opportunity. It is denied them by inflation, which survives only by blood and destruction, by deceit, and by defrauding the laborer of his hire.
Inflation is embezzlement pure and simple; it is forbidden by the commandments of God and the Constitution of the United States. Yet, "economists" insist that it is necessary.
Constitutional money (described in Chapter III) is not socialism, as proponents of inflation would have us believe. It is the only medium of exchange under which free enterprise and ethical competition can exist—the only dollar that is safe in a poor man's pocket. Given such money, there would be no need for war, waste, and excessive pollution, and no need for costly government subsidies. Under a money system that is fair to all, human need alone is sufficient base for normal prosperity—if not boom. [p. 24]
The saddest commentary of all is that privileged Americans in the higher echelons of business, labor, and the professions have found it expedient (hopefully through ignorance) to join the robbers by shifting the burden to others, rather than demanding adherence to the Constitution—demanding the protection it guarantees to every citizen, regardless of race, creed, color, or social position. They have no choice now but to recant. At long last, their own hides are at stake—they'd better believe it.
Throwing unearned money to the four winds while others starve might be good for business, but it is neither right nor recommended for a nation that is "half-slave and half-free." Our time of freedom without responsibility has been "weighed in the balance and found wanting."
A money system that favors one class over another has created the Frankenstein monster that stalks our land today. Employment and money that should be occupied with housing, family maintenance, and education for all is concentrated in palatial structures of the money kingdom, and in a multiplicity of extravagant hallmarks for their beneficiaries.
The Federal Reserve was planned by international bankers, and established in 1913 with Paul Warburg (member, International Banking House of M. M. Warburg, Frankfurt, Germany) as its first chairman of the Board of Governors. In that year, our National Debt entered the grip of the international bankers on the nation's wealth. From $1 billion in 1913, it has soared to 455 billion of debt-financing, debt-compounding dollars in 1973 (only sixty years later).
In 1913, there was every intention that our National Debt-like any other honest debt—would be paid in due time. Today, there is neither the intention nor the possibility that our present debt will ever to paid, but rather that its expansion shall accelerate to "fatten the usurers" forever. Never before in the history of mankind has so much been owed to so few, and for so ignominious a reason—private expansion of the money supply.
Closely following man's creation, Jehovah decreed that man should work for his keep (his duty to work implied his right to do so). To this day—regardless of how we would evaluate the fortunes [p. 25] of men—no feasible substitute has yet been found for honest work (at honest pay). The Son of God graced labor with his own hands, and issued a stern warning to any who would "deprive the laborer of his hire."
Concurrent with these mandates, it is nowhere written that man should exceed moderation, or drive himself or others to distraction; yet in this day and age (and in this land of superabundance) too many no longer have time or inclination to "consider the lilies of the field" or "the birds of the air." And why not? Because consuming occupation with passing ambitions by some, and total exclusion from a decent existence for others, has diverted attention from the entire plan and purpose of life—to learn, to appreciate, and to love.
Our Constitution—drawn up with God and Providence in mind—has ample provision for the true values of life. Woe to educators, politicians, lawyers, and usurers who would prostitute them, and to the masses who would permit them to do so. If our nation is either capable or worthy of self-government, it is high time we proved it.
Search the roster of millionaires; discover the source of their wealth. Ironically, the long list includes a loved and respected majority. From mostly meager beginnings, they gained fame and fortune by talent and integrity. This is the "inalienable right" of all. Investments—multiplied by inflation—are in violation of those rights. They are grand larceny—legal and "respectable," to be sure, but defrauding the laborer of his hire nonetheless. Those so engaged share the fruits of inflation, along with the inflators, and violate the earned wages of their lesser privileged countrymen. Not only do they steal from him, they saddle him (by hedging) with a burden that should be borne proportionally by all. Deliberate robbery? Certainly not!Only following an established custom that has gained acceptance with age. Acceptance of a principle does not, however, justify it—as witnessed by the present condition of our nation and the free world.
It is a natural trait of all animals, and human beings alike, to provide protection, food, shelter, and education for their offspring during the early stages of their development. Human [p. 26] degeneracy is not a natural trait; neither do slums exist without cause. Both require years of oppression to achieve. It is a crime and a disgrace that a nation whose worst enemy is too much should include so many with nothing. [p. 27]
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