ECONOMIC SECURITY

Bay of Plenty Beacon, Volume 7, Issue 16, 19 October 1943, Page 4

ECONOMIC SECURITY

Sir.—ls Sold a true currency in the full meaning of the word? Mr Nash advocates back to the gold standard, as the evangelical high priest of the Golden Call'; whilst its central mission headquarters is Wall Street. Let. us see how these things effect New Zealand and its people? Is there any reason why we should

allow this country to be dictated to, as to what currency we should adopt. At the present moment we are destroying the heritage of the people by dredging, sluicing and mining for gold, many acres of the best of land being destroyed to send gold to America, and. our Government calls it an essential industry. Further, on account of the vise in price (gold having more than doubled itself) our currency is being controlled by a governmental policy from outside; and not having the control oi' our fiscal policy, our currency or (purchasing power has been reduced by more than half on stealing. Our farm lands arc being depleted to pay our national debt, which instead of being reduced on the basis of goods and services, is rising on the fictitious value of a piece of paper that has no standard of value beyond that which the international banking .system likes to give it. Ihis also is what is being offered the Allied Nations after the war disguised by the Atlantic Charter and Federal Union under the patronage of Wall Street and Montague Norman. But Mr Nash would have us think that all will be wpll. There will be no peace without economic security, but Ave can have economic slavery under the guise, of peace. Yours etc., W. BRADSHAW. '' ■ "■ r.