Chapter XIX Money in the Atomic Age

this easy life for the strong, begin the same practice. Meeting often in their leisure, they discussed among themselves their great advantage. They decide to open an office, let this office issue debt dollars, and have some system about it, to the end that the sons of one family could buy surpluses of other families, and because there was no limit to the amount of debt dollars they could pile up, soon the working, producing members of the families found that the debt dollar they got for their goods would not buy as many goods as they had surrendered to their loafing neighbours for their debt dollars, and the weaker families soon had to go back to a full family working at the difficult task of producing a living. The issuing of corporation stock is one of the greatest sins in this field of debt dollars. You as an individual, wish to enlarge your business, and you borrow from the money lenders money to do this. You mortgage all your assets as security. You must pay heavy interest, whether you make a profit on your business or not, and should you fail within 18 months to pay the note in full, you would be brought into court, and the lender would take your property, your business away from you and other assets. But when the corporation wants to expand its business it issues more stock certificates, but gives no mortgage, and puts, them on the market. The Reserve Banks, or the City National Bank of New York, buys the stock. They put it on the stock exchanges, and suckers buy them as an "investment," and the corporation uses this money, oftentimes just to increase their luxuries and not their business facilities. The corporation has issued a strange form of note to get the money. It is supposed to draw interest, but may never pay a dividend. Should the corporation fail as the small business man did, the holders of these corporation stocks could not sue and receive their money; they would have in their hands worthless notes un-collectable through the courts. But in each instance debt dollars were created and added to the money supply, and these debt dollars remained to cheapen the earned dollar. Take from the bankers, all money lenders the power to add debt dollars to our money supply, and you will make it impossible for a few to not only own the material wealth, but the