Money Creators

Who Creates Money, Who Should Create It

Gertrude Margaret Coogan

• Publisher: Papamoa Press
• Year: 2018
• ISBN:
  9781789128291
• Topic: Economía
• Subtopic: Bancos y banca

Do you want money made honest for you by the National Government; or kept 'sound' for the Money Creators by mis-government?Do you want U.S. dollars in sufficient number to the keep the 'wolves of depression' from your door; or do you want dollars in such overwhelming numbers to deprive them of 'ALL' value as the Money Creators have done in other countries?The reader will ask, "Why have not business leaders known that our money system is dishonest...?"This book, written in 1935 and thus nearing the end of the worldwide Great Depression, contains sound advice for all Americans.

 

CHAPTER I—WHY?

When Lincoln wanted to issue constitutional money, he was violently opposed by the “Bullion Brokers,” as the international bankers were called in those days. Lincoln was, perhaps, the greatest exponent of honesty and of the Constitution that this country has had since Washington. He persisted in demanding honest money, until he was silenced.

Abraham Lincoln, by the following quotation, proved that he understood the private control of money:

“As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until wealth is aggregated in the hands of a few and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of the war.”

President Garfield publicly stated that the hand that controls the money supply, rules the nation. What hand sent Guiteau?

An honest, constitutional money system is the one thing that international money magicians will not stand for. Woe to the scientific man who attempts to teach the people common sense in money systems, as envisioned by the founders of the Nation.

Benjamin Franklin, in his autobiography, stated that the refusal of George III to allow the colonies to continue to operate an honest colonial money system, which permitted freedom of the ordinary man from the clutches of manipulators, was probably the prime cause of the American Revolution. Franklin was perhaps the wisest man this continent has ever produced; he was a great thinker and statesman.

You are invited to consider what we have in America. Have you consented to be “tricked” out of your heritage, your children’s and your grandchildren’s? You are asked to decide whether both you and your descendants wish to live in peace and prosperity, secure under the kind of money system visualized by the Founders of this Nation, and their faithful disciple, Abraham Lincoln; or in slavery, starvation and chaos.

We now witness:

America in a financial cramp—and no relief in sight!

What a spectacle!

The world’s greatest nation (richest in raw materials) laid low and writhing in an agony of monetary starvation. Factories idle, while abundant raw materials are at hand but unused, and workmen starving while they linger about the gates hoping for them to be thrown open; farmers hard at work growing their crops in sufficient abundance, but unable to find buyers at decent “prices”—that mysterious index of prosperity.

Business men able and willing to put their brains and factories to work on what is needed by the people at large, yet restrained from so doing because there is a lack of purchasing power upon which all commercial activity depends.

Clouds of “mystery” everywhere, and on every mountain top a prophet of gloom and doom in cap and gown.

We now hear:

Tirades against the Constitution and assertions that it is an antiquated failure by those who have never tried to give even a hint of how matters can really be improved within the framework of that document which is effectually fitted to human nature.

“Humanists,” “Liberals,” “Socialists,” “Internationalists” and “Communists” (but not Bolshevists strangely enough) crying for Economic Justice for the oppressed, the weak, the able and disabled, the widows and orphans, and meaning every word of their Jeremiads.

Speakers crying out against Capitalism, without a thought as to what happens to Christian people and institutions under Bolshevism—the secret inevitable of the “reforms” these same speakers are demanding at the expense of the God-given right of every rational human being to own property and enjoy the fruits of his own labors.

We never hear the following truths:

Capitalism is that system of political economy which recognizes the right of individuals to own, use and control private property. The right to own private property conforms to the basic Taws of human nature—the reward to the individual for effort and attainment. Equality of opportunity is part of our fundamental code. However, individuals differ; some desire and will assume responsibilities, others decline them. Since natural endowments differ, and individuals differ in their desire to work, the rights of individuals to obtain possessions and distinctions are God-given and inherent in human nature.

Capitalism includes the right of a working man to own his cottage; his right to his instruments of production; his automobile, etc., as well as the employer to own the factory which employs him in turning out products which civilization needs. This is the point which the internationalists are not making clear.

Capitalism is not a means of exploiting the masses for the benefit of the few. In America, as in other countries, in recent years, particularly since the World War, the masses have been thoroughly exploited, and that exploitation was made possible and executed only because class legislation and dishonest and maliciously controlled private money creation and cancellation powers—fraudulently granted—became the weapons through which the few, most of whom were internationalists, accomplished the exploiting.

NOW!

That that exploitation has been accomplished—great wealth and power having become concentrated in the hands of a very few—discussions and cartoons are being widely circulated attempting to teach that Capitalism itself is a system of government which keeps a few very rich and all the rest very poor. This is being done to make the people of the United States believe that Capitalism should be abandoned.

It is a very sinister element that is trying to tell us that Capitalism is wrong. The bolder are stating that we have outgrown Capitalism; the more dishonest are claiming that science and invention have necessitated discarding Capitalism and adopting a Socialistic form of government. Those who are responsible for such misstatements would have the United States abandon Capitalism in order to further entrench the wealth and power of these internationalists.

We hear Capitalism has failed! No, the right and pride of ownership of private property has not failed and will never cease while man is man.

The error lies not in Capitalism but in our having permitted it to be abused, and allowing a small minority, through malicious operation of the monetary system, to destroy the economic security and peace of all others.

Capitalism has now, because of the suffering of the masses, become a target at which the demagogues are aiming the very arrows fashioned by their own masters—those masters are the internationalists, the manipulators of unconstitutional and dishonest money powers. The masters of the demagogues are the real enemies of patriotic Americans.

Under three unjust super-commandments the World is ruled by the International Money Masters:

“Thou shalt not makе honest the money system.”

“Thou shalt not follow the money mandates of the Constitution of the United States”

“Thou shalt not examine the money subject except under our direction.”

And even the prominent spiritual leaders obey their dictates!

And patriotic organizations formed ostensibly to “defend and uphold” the Constitution are strangely, but it seems intentionally, silent on the most flagrant violation of the Constitution—the delegation to private individuals of the most important national prerogative—“the power to coin money and regulate the value thereof.”

That violation is the principal cause of our overwhelming depression and Socialistic onrush. Without Economic Liberty there can be no lasting political liberty, or religious liberty. All forms of liberty depend upon Economic Liberty.

But are the International Money Creators the Bolshevists’ supporters and sympathizers?

Are the international money masters and their domestic pawns the holders of money-creating privileges, contrary to the plain words of the Constitution? Are they the real generators, financiers, controllers, and profiteers of Communism, Socialism, Bolshevism and social disorder of all kinds?

Let the reader decide from the evidence, to which the keys are given herein, and confirmed by many other American volumes.

Let the reader also decide as to the remedy.

Thinking in terms of “how?” and “why?” on the part of every American, and the exercise of the political sense demonstrated by his predecessors (the founders and builders of this Nation) are the only means of salvation for America, as well as for the rest of the World.

It makes no difference to which Political Party your Congressman belongs. He is your servant. He must do what his constituents demand. Our enemies operate only while we American people remain uninformed. Inform yourself and your fellowmen.

“Truth is Simple”; “Knowledge is Power.” The question is: Is our knowledge of truth or of falsehood? If the former, it imposes the duty of dissemination; if the latter, that of exposure and rectification. The possession of a modicum of knowledge also imposes another obligation, viz.: that of aggregation; and still another: to properly use the power thus acquired; for, while knowledge is power it is a power for evil as for good, according to the use made of it by its possessor.

John Adams wrote to Thomas Jefferson in 1787:

“All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation.”

Our Constitution, repeatedly analyzed by eminent students of political science, has been pronounced the key to the science of government. Shall we destroy a government of laws based upon reason and supinely accept the only alternative—a government based upon force, violence, intimidation, and the negation of man’s right to use his God-given reason? Our Constitution, as written, recognized the basic fundamentals of human nature.

“Human law is law only in virtue of its accordance with right reason; and thus it is manifest that it flows from the eternal law. And in so far as it deviates from right reason it is called unjust law: in such case it is not law at all, but rather a species of violence.”—St. Thomas of Aquinas, Summa Theologiae, Qxciii, Art. iii.

Our economic and social chaos will be increased as we depart further from the rule of reason upon which this country’s laws were based. Our economic and social chaos can be eliminated only by restoring an honest money system and, through that step, open the way for a return to the scientific principles of government upon which human progress must be based.

Shall we be driven back to the primitive life of barter for exchange of goods and services, or shall we push aside the human obstacles and set up an honest, simple money system adequate for making all of our exchanges of goods and services readily, and with universal convenience and permanent prosperity?

CHAPTER II—THE SETTING FOR THE “MYSTERY”

THE CONGRESS SHALL HAVE POWER: TO COIN MONEY, REGULATE THE VALUE THERE OF AND OF FOREIGN COIN. (Article I, Section 8, Part 5—Constitution of the United States)

HOW LONG SHALL WE CONTINUE TO ALLOW OUR PRESENT UNCONSTITUTIONAL MONEY SYSTEM TO KEEP OUR NATION ARTIFICIALLY POOR?

“Congress shall have power to coin money, and regulate the value thereof.” This well-define...