Field Arthur Nelson - The truth about the Slump

Author : Field Arthur Nelson
Title : The truth about the Slump What the news never tells
Year : 1931

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This book tells the story of who caused the slump and how they caused it, and it directs attention to two simple steps that can be taken to save our farmers and traders. No greater mistake can be made than to suppose that the present slump in commodity prices is due to blind economic forces. The depression from which we now suffer is due to an artificially induced variation in the purchasing power of money. In these pages will be found ample evidence in support of this statement. The quarter from which the trouble is coming is indicated, and the amazing manner in which the machinery for monetary control of the world was established is traced out. The story of the slump is essentially a story of men and their motives. Some of those motives, such as declarations of hostility to the British Empire, and action inimical to it, are matters of open public record : others are a matter of speculation. The facts set out rest upon unimpeachable authority, and the sources are given throughout. Any reader who has access to a large library can verify them all for himself, and by a little research would doubtless uncover much additional matter supplementing and confirming what the present author has assembled. Nevertheless, one may search in vain through the newspaper press, through the utterances of public men, through practically the whole current literature of today, for any reference to these central, pivotal facts governing the whole world price level and the financial and economic situation today. Why this silence? The answer is that the most potent forces in the world today are forces that do not work in the open. They could not work in the open : for if they did mankind would not for one instant tolerate their continuance. It is essential for the success of their plans that the people of the world should be unaware of the chains that have been made to enmesh them. A small number of persons in different countries have shown by their utterances that they are well aware of what is taking place - or, rather, has been taking placefor the chain of events extends back over a long period of time. Three-quarters of a century ago Disraeli told Britain's House of Commons that "the world is governed by very different persons from what is imagined by those who are not behind the scenes." In a recent interview, General Ludendorff, chief of the German General Staff through the war, declared that the world today is ruled by "secret supra-national powers," "the same diabolically clever wire-pullers that brought about the last cataclysm." In the London "National Review" six years ago Mr. Arthur Kitson wrote about "Our Invisible Rulers," and in other articles has expounded this same theme. In giving evidence before a United States Congressional committee in 1926, Mr. Western Starr, head of the United States Farmer-Labour Party, declared that unless a certain group of men, whom he referred to as "these old men of the sea," had their power curbed the world would be plunged into another war, compared with which the last war would be "like a Fourth of July picnic.' ' More cryptically, but none the less significantly, Sir Josiah Stamp, one of Britain's foremost business men and economists, has expressed the opinion-remarkable as coming from a director of the Bank of England-that money, after having brought civilisation to its present level, may well "actually destroy society." When the reader has digested the facts herein assembled this statement may fall less incredibly on his ear. It is impossible to maintain our country in a state of security unless we face the facts and conform to reality. Our national peril is that we are ignoring all the vital facts of the situation. Our enemies are none the less real because their ways are hidden ways. But they are a thousand times more insidious. What the war failed to do they seek, to accomplish, and their ambition is to shatter in bankruptcy and ruin the once-splendid fabric of the British Empire. A. N. FIELD. Okiwi Bay, Croixelles. February, 1931. ...

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