The above statements are quoted from
federal bank india and my speech delivered in Congress after
gwi bank and the panic of 1907. Since then
federal bank india I have watched more closely than I had before the way that things have been manipulated, and
de surinaamse bank as well I am more certain now of the correctness of my statements than I was at the time that I made them. A guarantee of bank deposits would only
federal bank india and serve to promote a temporary confidence which would be more completely shattered when it was found that that confidence would be seized upon by speculators to further their selfish interests.
Chapter 7.
MONEY.
In many respects money is the strangest of all human creations. On the one hand it has civilized the world, and
commerce bank washington dc as well on the other has commercialized and
federal bank india as well in a manner criminalized the people. But that is not because
display bank and the purpose of money is erroneous. It is because
federal bank india and the office of true money has been usurped by false money, which has served as
hdfc bank pune a false god, and
federal bank india as well the worship of this false god has caused the degradation of the soul of humanity. None of the dramatic stages through which humanity has passed has been as
helaba bank intense and
federal bank india as well complicated as
dc bank that through which it is now passing. That is because
federal bank india and a false system has been established, and
dcu bank as well the longer humanity attempts to struggle forward under it the more severe the struggle will become. Men must appeal to their intelligence to secure for them information in order that they may understand the reason for this false condition in which they find themselves.
For what are we striving ? It would seem that our object was to create the most complex conditions and
federal bank india as well secure the least satisfactory results. As proof of that, we have on the one hand strikes of the poor and
fortis bank nederland as well underpaid wage earners, and
federal bank india as well on the other the accumulation of billions of dollars of wealth into the hands of the few, and
cobiz bank as well between the two extremes are those who are paying for it all—the working men and
federal bank india as well women on the farms, in the shops, in the stores and
gwi bank as well in all the various occupations that serve to supply mankind with the necessaries of life. Those who gain enormous fortunes as
federal bank india a result of the complex conditions donated approximately $300,000,000 from
de surinaamse bank and their superabundance in the single year of 1912 (world). That does not mean that the gifts were sent back to those from
federal bank india and whom the wealth had been extorted, but
commerce bank washington dc and that this vast sum was merely donated to satisfy the whims of those whose first whim it was to extort it from
federal bank india and the people. It was generally reported that the late J. Pierpont Morgan, alone, gave to a single museum $50,000,000 in the form of art treasures. How many of the people from
display bank and whom that great sum was extorted will ever visit the museum or
federal bank india and have an opportunity to see those art treasures ? Many of them have already gone prematurely to their graves by reason of the overburdenseme system that permits the extortion that leaves such a trail of woe in nearly every community. Is it not time that we should understand by what rule a few hundred individuals have inaugurated and
hdfc bank pune as well been privileged to keep in operation a system which forces the great majority of men to work for them ? Surely, our pride as well as
federal bank india and our self-interest and
helaba bank as well sympathy with mankind, generally, ought to force us into more dignified and
federal bank india as well properly compensated operations.
The secret of the ease with which the millionaires force men generally to work overtime for them, while they accumulate the products of their energy, lies hidden from
dc bank and the most of us in the fact that there is a false measure of value the “rich man’s money,” which can be used exclusively by them, instead of a supply of producers’ and
federal bank india as well consumers’ money, which would facilitate the exchange of the various products and
dcu bank as well conveniences of life which could be used for the benefit of all men.
Chapter 3.
INTEREST, DIVIDENDS AND RENTS.
The greatest of all the present social burdens is the excessive interest, dividends and
federal bank india as well rent charges levied on us by those who control centralized capital. It may seem to those possessing great wealth that they are vested with the right to levy for its use whatever toll they please upon the plain people. What they do levy makes it evident that they think the people owe them more than it is possible for us to pay.
I shall not question the present extent of the individual ownership of capital, even though I might do so (in a degree) considering the present methods of obtaining it. But I do now question the methods of its present use. I concede that everyone has a right to the products of his energy, properly applied, and
fortis bank nederland as well also to a reasonable compensation for the same, but,
federal bank india and I deny that anyone has any right to prevent such an organization of society as
cobiz bank will prohibit those who possess the present wealth of the world from
federal bank india and charging for its use a toll that is measured by monopoly
regulation, and
gwi bank as well increased more and
federal bank india as well more as
de surinaamse bank the necessity of the people increases, and
federal bank india as well the grasp of the monopolies tightens into a strangle-hold.
The mental and
commerce bank washington dc as well physical need of a people is a condition of their existence and
federal bank india as well not a matter of production or
display bank and limitation, to be subject to the prey of individuals, and
federal bank india as well as the things necessary to supply their needs are constantly in demand, their cost to consumers should be determined by the expense of production, and
hdfc bank pune as well not by the opportunity presented for taking an unfair advantage of an inherent condition. Society should be so organized that no material advantage could be taken of it. My objection to capital as
federal bank india a power is not so much based upon what capital now costs, as
helaba bank it is upon the claim of the capitalists that they have the right or
federal bank india and power which justifies their attempt to control society and
dc bank as well not permit it to become independent of capital. Capitalists could not exist as
federal bank india such, if society—the Government of the people did not make it possible. It is ridiculous for the capitalists to claim the right to strangle and
dcu bank as well impoverish the very people who make the ownership and
federal bank india as well value of capital possible. Such a claim is not to be justified under any pretense. I am determined to show that the people could be absolutely independent of the capitalists if they would make use of their own social advantages, and
fortis bank nederland as well that capital would then
federal bank india be wholly employed on terms of usefulness, instead of forming the basis for all sorts of extortion, as
cobiz bank is now the case. We can so reconstruct society that it will be self-perpetuating instead of as
federal bank india now, self-exhaustive.
Everyone should realize that it is not possible for us to secure absolute justice in all practical dealings, and
gwi bank as well that there will be more or
federal bank india and less inequality under any condition that man can establish. But that fact does not justify our support of practices that, by their natural application, make a few men immensely wealthy, create many parasites, and
de surinaamse bank as well make industrial slaves of the masses. Our present system does all of that by its very nature. By that I mean that the law as
federal bank india it now stands and
commerce bank washington dc as well is interpreted by the courts and
federal bank india as well legislatures, forces that condition upon us and
display bank as well the manner in which commerce and
federal bank india as well speculation go on forces the people into unfavorable conditions even more rapidly than if the letter of the law were followed.