Chapter XIX Money in the Atomic Age

thought of basing the volume of money on corporation stock, or the whims of 19 citizens. Like King Henry turning to another religion that he might divorce a wife and take another, in the evil act he opened the way to protestantism, a great service to mankind, in the opinion of protestants; so in the creating of the Federal Reserve System, at the behest of bankers, in 1913, great good has come out of all of its evil, because they have fully shown that you do not need gold, or silver, or even material assets as a basis of "creating" money; you may do it in simple bookkeeping. Not the type of money they have given us — the ocean of the evil debt-dollars - but the mechanics of money they have perfected, with some trimming away of non-essential steps, opens the way to us for the best money system on earth. Now let's take a frank look at 'the need for money. In the vast expanse of the world, today, people are busy producing goods, offering them in the markets of the world, in the raw form, in the semi-fabricated form, and in the final manufactured form; in all stages, offered for sale. All that they offer for sale is a surplus, goods they have produced and which they do not wish to use themselves. All of this totals great mountains of the products of the labours of man, and that these surpluses may reach users, and the users' money may return to them that they may buy from other producers goods they need and desire, there must be a something that one may hold as evidence — we call that something money. Every person who touches these goods from the time of planting the seed, or going into the forests and mines and taking the raw material, until they are in the hands of consumers, users of these goods, adds a value; for a true value is the labour that man puts into goods before they reach the consumer. That is the goods' value. That measures the value of money; and not the other way around, as we have been taught. Since we have been unable to ascertain that exact value as applied to all production, with service added therein, man has been forced to take some commodity as a basis. He has been in the night of his being, from the stone age to the atomic age, so he took gold. But gold no longer can meet the demands of money. It is too heavy to send from