|
From The Communist Constitution vs. The United States Constitution
by Whitney H. Slocomb, 1955
In order to have established economic justice 170 years ago, we should have had, as we did before the "Revolutionary War," a government bank. This government bank should have, and ought to have received gold and silver (wealth and money) of the population for deposit.
A colony or a pastoral country or a mining country should do, today, what should have been done 170 years in ago in 1782, in order to have established economic justice.
Then, this government bank in a pastoral or otherwise primitive country, should, with this deposited gold and silver as a base, issue bank-credit money arising from it with which to guarantee the only existing credit of the population (the private credit involved in the
exchange of labor products) for the purchase of both
(1) Goods (labor products from land, used both
(A) As Raw materials to manufacture and
(B) As goods to live on,
after the manner of buying goods on credit and guaranteeing consumer credit), and
(2) Capital goods (labor products from land, used by labor in the process of producing more labor products—true capital), as the process of lending "money" (as in the case of bank-credit "money.)"
Incidentally, it was the act of the English, and Continental money owners and the House of Rothchild, to force the American Colonies to use English, borrowed money and to stop using their own money, that was the real cause of the American Revolutionary War. This happened after Benjamin Franklin indirectly told the English money owners, the reason for the prosperity of the colonies.
Boston : Meador, 1955, pages 347-8.
|