THE GOLD STANDARD

Bay of Plenty Beacon, Volume 7, Issue 43, 25 January 1944, Page 4

THE GOLD STANDARD

Sir, —The rise in the price in gold did not give anyone; more fooa, clothing or the amenities of life. On tho contrary whilst there was plenty of everything, it froze, tho consumers purchasing power: The subject I would mention isi from the Herald 5/12/43 under the coramcr-t cial heading "Gold's future place." , That the gold standard is to predominate: If this should eventuate, I predict that, the paving stones of world war No. 3 are, being truly laid, by those international gangsters who claim no nationality yet who are dictating to all nations. *A government representing its people should command the control of the peoples credit, by and for the people, free from foreign monopoly, the gold standard aTkl usuary. Then foreign exchange would find its own level and external debt would become a thing ol the past. ing to the Sydney Morning Herald, Russia and America are: the largest holders of gold, Britain is the larg-; est producer—but was glad to get rid of it. It never was sufficient, nor ever will be to meet the demands of the consumers' of. production. Thus, poverty, midst plenty was the 'result. The correspondent (Sydney Morning Herald) lias very little sound logic in his comment, that 'Gold already paid for is inexpensive to use as its shipment can be avoided by earmarking.' It would be just as easy to do without the gold when you have the recorded transaction on paper. There is no reason why this country, should be handed over to the high priests <»£ bondage and to sacrifice its. people on the altar of gold. There are saner methods to a fuller life and K liberty.. You can control your Gov-t ernmcnt through our Members of. Parliament. If they arc not your servants they will be your masters. Write them and demand, an explanation from the House ati its next sitrting that the people may know the Government's intentions dn this matter, we should demand that wer shall not be controlled by international finance ''headquarters Wall Street." ' _ Yours etc., ' W. BUADSHAWw. (Whilst according our correspon-? dent the privilege of using these columns for an expression of opinion wc would remind him that his methods of open propaganda may make it necessary for us to eliminate certain passages in future. Ed.)