OUR ECONOMIC CONFERENCE

Bay of Plenty Beacon, Volume 8, Issue 24, 14 November 1944, Page 4

OUR ECONOMIC CONFERENCE

Sir y —- A recent clipping taken from a Melbourne paper says: "People who still indulge in wishful thinking about our p resent. Government would be well advised to examine closely what has happened in New Zealand under a Labour Government which swept the polls in 1935 on a monetary' reform policy." Social creditors should always think of those words "we are denying with our lips what we are destroying with our hands." In 1935 Mackenzie King said he would give Alberta every assi&tance denouncing the bankers financial policy in most scathing terms and what Happened? As a result of Mr Mackenzie King's words: Words can become dangerous if they delude people into the think- , ing that, action must necessarily follow. Writing in the "Locomotive 1 Journal" in 1939 Mr John Curtin, Prime Minister for Australia said: ► ' 9 "The cost of war can be met without interest payments sucking our national debt. Every student of economic and financial reform must know that it is through this system the international financiers and others are controlling this country. Any alteration to the present financial policy that does not give, the individual effective control (purchasing power) of. his own credit is of no value whatever. Our real credit is sufficient to give woman and child a regular monetary dividend— . not Social Security derived from taxation. The Labour-Socialist 'will never introduce this policy because they believe in the. control of the individual." Their reform of the money system would mean that Government departments would spend our money (credit and production) on what, they, thought desirable, ; whilst manpower ing and taxing the nation into servility. That is why the Labour-Socialists talking monetary reform may be one of the greatest dangers of. today. The danger of- totalitarian dictatorship will be through our financial or fiscal poltherefore we must not lose sight, of the fact that power politics through orthodox finance (private banking) will not give you back the sovereignty and freedom of the State. This applies to both sides- of the if. opposition returns to "Power" they will still .carry on with the same, old debt system that gives the ' "Party" power over the people.. Yours etc. W. BRADSHAW.