single dollar of the depositors loaned. The $650,000 was actually created and added to the banker's total deposits, to go out and compete with every depositor's dollar, lowering every dollar's purchasing power. If there were $6,500,000 on deposit in the bank it reduces the purchasing power 10 percent. Dollars are like spuds: the more there are, the less they are worth. And all the 14,567 banks are making loans, so the ratio for the country as a whole is approximately the same. But the trail of crime does not end there. The sellers of the hotel buy ranches, farms, other real estate. All know we have too much money, that it's getting cheaper every day. They're seeking safe investment. Land always offers the safest of all. Knowing the money is cheap. Knowing another 1929 to 1935 is certain, only the finale will be different. Probably multiplied billions of bank deposits, including theirs, will be wiped out. The farmer sells. Finds he can't buy as good farm for twice the price. He joins the houseless howling mobs in towns and cities, worrying as high prices eat away his life's savings. But that's not the end of this cruel, selfish crime trail. Those hotel owners are not the sort who will till the soil, feed the stock. They remain in town, hire men (usually) to build good fences, padlock the gate and flee to the hills that their rotten hides may be cooled. While the poor man who would till the soil and slop the hogs can not buy the high-priced land, and ever hope to pay for it, and feed his family. Cheap, inflated money robs farmers of their farms, the producers of their goods, the workers of their food and clothing, the aged of their pensions, crying babes of their bottle of milk. But bankers, gamblers and dealers in the miseries of men, take the land, corner the products of labour, and weld about the ankles of the toiling sweating, producing masses, of even the babies shackles of bondage for another 100 years.
"The People Shall Rise up," Said Congressman Wright Patman, on December 1 , 1943, "One of these days the people of this country are going to rise up in their wrath and compel the change of such an idiotic system that compels our own people to pay tribute to a few who have nothing invested and run no risk, in order to conduct the affairs of our