ECONOMIC SECRETS.

Waikato Times, Volume 119, Issue 19895, 26 May 1936, Page 11

ECONOMIC SECRETS.

i (To the Editor.) ‘ Sir,—ln reply to Mr John Thomas, ‘he is not correctly informed when he ispeaks about ltussin producing suilicieut goods for home consumption. A few years ago .\lnjor Douglas was consulted upon the adoption of social credit to the Soviet. liuving all the ‘mcts before him, he pointed out that ithe productivity of Russia had not ireached the Stage \\'herehy they haul poverty amid plenty like the other nations of the world. ' 1 would also point out to Mr Thomas, and other supporters of the Soviet policy, that Russia is distinct from either an Urie'ntal country or an Occi—dental country. What suits Russia probably would not suit ’any other country in the world.

t VVlth reference to Signor Mussolini and Herr Hitler, they, like other nations, including Britain and America. are within the maelstrom oi‘ linance. At present, it is the Bank of Inter~ national Settlements that controls the world, through the tinanciai houses and central banks. When financial pressure is applied—and it can be applied in many ways, perfectly innocentlooking ways—men are driven to any llength to carry out the policy of the Imoneylenders. What crimes are com—mitted, even in New Zealand, when the creditors pressl To prove this we have only to look at the bank—ruptcy and suicide graph of Britain between 1920 and 1930. The so‘cuiied capitalist has nothing to do \\'IUHUIG mutter. lie is in the same boat as the rest of us.—-l am, etc., ‘ . WATSON HOLMES. ‘ Hamilton, May 23.