allowed any speculators in the commodity markets of the world, buying up commodities, then refusing to let the people have them except through a dole which would keep the prices high. 2. There are other monetary values which are never listed among deposits, transferable by cheque. These are investment obligations, simple notes, vendors lien notes, first mortgage notes, deeds of trusts, corporation stocks, etc. These do influence the money market, and the value of a dollar just as much as too much money. Not by creating new deposits as now; but through the watering of their values; as when a company sells $100 million more shares than it needs to finance its business. Or when contractors price a house that actually cost $5,000, at $10,000, or may be $15,000. Those notes are watered, just as corporations water stock. Land values that jumped from $10,000 a lot, to $100,000, are watered just as much as the corporation watered its stock. When the re-adjustment day, the "judgment day" rolls around, and the Congress "squeezes the water" out of all investment obligations; this will bring the price of them down in "parity" with the sound dollar that must pay the note, the mortgage off. The gathering in of investment obligations during their pumping money into the stream, then siphoning it out, making it impossible for the mortgagors to pay, has long been a prime activity of banks. Foreclosures followed, because the note maker could not pay, and more property was transferred from the people's ownership to the banker's wealth. As with the people's deposit balances, the Congress would have all investment obligations altered (by law) writing the principal figures at half their original volume.
Your lot that you say is worth $100,000 now, would be re-valued at $50,000; and so on down the line . . . prices in most cases would voluntarily drop, but in those instances where they would not, Congress would set a ceiling price over them. There should be only two dealers between the manufacturers or producers of goods: (a) the wholesaler, who would buy the goods, and store them in great storehouses for distribution to the retailers, for resale; (b) the retailers who would buy