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Bondholders' Conspiracy to Demonetize Silver

Bondholders' Conspiracy to Demonetize Silver

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937.5 руб.
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Описание
Excerpt from Bondholders' Conspiracy to Demonetize Silver: Legislation Affecting National Debt and Gold and Silver; Unfaithful Treasury Officials; Hostility of National Banks; Independent Financial Policy for the United States; Free Coinage or Enforcement of Existing Laws

The silver question is a contest between European bondholders and the laborers of the world. The National Banks of the United States are the allies of European bondholders. While the demonetization of silver would necessarily destroy silver mining, that fact is of little consequence compared with the disastrous effect it would have upon society. It would destroy the confidence of the masses in the good faith of their rulers. Nihilists, socialists, communists and other disturbers of the public peace are powerless Sq long as the people believe substantial justice will be administered under the present systems of government.

The proposal to demonetize silver is in violation of existing contracts for the payment of money. It emanates from a bondholding directory in Europe, and its purpose is to enhance the value of all obligations for the payment of money.

To appreciate the designs of the bondholders, and to understand their motives in this war upon silver, it is necessary to consider the bonded debt which they control.

The national debts of the world aggregate over $26,000,000,000, all of which is substantially controlled by a small European syndicate. If we exclude India, China and Japan, with a population of about 662,000,000 and a debt of about $1, 100,000,000, the national debts of the remaining civilized countries are, in round numbers, $25,000,000,000, and the other indebtedness of the same countries is estimated to be several times the amount of the national debts. But if we assume that all other bonded obligations are only equal to double that amount, we have a total of $75,000,000,000.

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