MONEY POWER AND THE STATE

Bay of Plenty Beacon, Volume 8, Issue 61, 3 April 1945, Page 4

MONEY POWER AND THE STATE

Sir, In an article dated 'Melbourne March 12th' Mr A. E. Good ? Chairman of the Associated Banks, made the following statement: That the Bills before Parliament justify the misgivings apparent in the community. All the Bills come into significance when it s realised that the control of the nation's credit and currency would rest with one man, the Treasurer of the day, the Government setting up a financial and economic dictatorship which will have the power of a super oversiding Government. The finances industry and the individual will be conducted and controlled through the Treasury without reference to Parliament. Now, Sir ? this is a wonderful piece of propaganda for the Associated but I fail to see the difference the Premier being the agent for the Associated Banks. In this case where can one draw the line between a Totalitarian Government and . the Money Power Monopoly (party politics) . In either case the sovereignty of the State is being lost to the and their freedom of action and the individual is being ed. The time is coming when if we continue to lean on the State, the State will lean on us to the extent there will be no recovery from manpower servitude. " From the State alone there is no redress, but mill-, tary control. We should take.a lesson from what is happening in Australia. We have never heard what the real significance of. the Australian and New Zealand conference amounts to. There is a strong smell of sulphur in the. witch's eauldren the mixture being stirred by the wizard's of finance and economics, with Belshaw and Eopland slung in for good weight. But the final issue lies witli we, the as to what we shall or shall not have. Democracy or international control? Yours etc. W. BRADSHAW.