Dear Sir,

Bay of Plenty Beacon, Volume 11, Issue 69, 20 August 1947, Page 4

Dear Sir,

Letters to the Editor must be clearly written on one side of the paper only and where a nom-de-plume is used the name of the writer must be included for reference purposes. TheEditor reserves the right to abridge, amend or withhold any letter or letters.

TODAY WHAT OF TOMORROW Sir, —A leading article in the Auckland Herald 31/5/47 gives a fair illustration of totalitarian dictatorship, past and present, which has caused so many bloody revolutions, and will happen again if we do not awaken to the true position. There have been quite a number of writers on present-day political economy and its relationship to our troubles internally and externally, l ut they have not offered any solution. Mr Utley, Herald special correspondent, states that if Mr Marshal’s (U.S.A.) scheme does not eventuate there will be a slump, which will be felt the world over. He, like many other writers, fails to recognise that (pro tern) our Governments are being controlled by the political and economic planners (P.E.P.) and it is realised that their legal and economic advisers are also students of that international school! This was founded and supported by the Jewish financier, Sir Ernest Cashel (the London School of Economics) and in it you will find the centre of the plot to overthrow the British Empire. Mr Utley says we should have a policy to meet this coming slump, and that many consider that this alternative will be needed. He does not say what this alternative is or how it would be carried out. I would suggest that the alternative is that instead of poverty amidst plenty, we should take full control of the credit of this country, for and by the people. Credit is only a representation of . production (goods and services) sc why accept the jurisdiction of foreign finance? In the meantime we should put in order a competent national monetary authority, operat’ng in conjunction with the Reserve Bank, which, responsible to the people through Parliament, should exercise full, and effective control of the monetary system, including the issue and withdrawal of all currency and credit, and maintaining a proper accounting of the national economy 'to ensure that: (a) Adequate monetary facilities are available to finance all required production, having due regard to a balance being maintained as between capital consumer ■ Production. Mr Louis T. McFadden, ex-president banker, speaking in the U.S.A. Congress 15/1/31, said, referring to the. slump: “It was not accidental. It was a carefully contrived occurrence—the international banker sought to bring about a condition of despair here so that they could emerge as rulers of us all.”

Yours etc, - W. BRADSHAW.