126 lines
5.8 KiB
Plaintext
126 lines
5.8 KiB
Plaintext
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Conspiracy Nation -- Vol. 11 Num. 11
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=======================================
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("Quid coniuratio est?")
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--------------------------------------------------------------------
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FRENZIED FINANCE -- III
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=======================
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[Synopsis of *Frenzied Finance* by Thomas
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W. Lawson. New York: Ridgway-Thayer, 1905]
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-+- The Power of Dollars -+-
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At no time in the history of the United States has the power of
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dollars been as great as now. It is possible today (1905), with
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dollars, to "steer" the selection of the candidates of both the
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great parties for the office of President of the United States.
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It is possible to repeat the operation in the selection of
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candidates for the executive and legislative offices of every
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State and municipality in the United States, and with a
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sufficient number of dollars to "steer" the doings of the
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law-makers and law-enforcers of the national, State, and
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municipal governments, and to "steer" a sufficient proportion of
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the court decisions.
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I SHALL GO FURTHER AND SAY THAT THERE TODAY EXISTS UNCONTROLLED
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IN THE HANDS OF A SET OF MEN A POWER TO MAKE DOLLARS FROM
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NOTHING.
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Today (1905) "Standard Oil," the "Private Thing," is the greatest
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power in the land, and its secret is the knowledge of the trick
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of finance by which dollars are "made" from nothing.
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The "Private Thing" is uncontrolled by any of the restrictions by
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which the law defines and curbs the corporation whose name it
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bears. Already I have distinguished between "Standard Oil" which
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wields all the powers of its subsidiary companies, and Standard
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Oil, the seller of oil. [See CN 11.10]
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Let us suppose that the U.S. government puts forth a particular
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$10,000. "Farmer Bob" receives, by the sale of his wheat, that
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$10,000. He then deposits it in *The Bank*. At this stage
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enters the *Private Thing*.
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The *Private Thing* borrows $3,300 of Farmer Bob's money from
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*The Bank*. The *Private Thing* purchases a copper mine with the
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money, and deposits the title with *The Bank* as collateral for
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the $3,300 loan. Then the *Private Thing* declares that the
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copper mine is worth $10,000. (The actual cost, $3,300, is kept
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secret.) The *Private Thing* issues to himself a piece of paper
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stamped "10,000 stock dollars." The *Private Thing* takes the
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"10,000 stock dollars" to *The Bank*, and exchanges it for the
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remaining $6,700 belonging to Farmer Bob.
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At this stage there is actually in use among the people $16,700
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-- $10,000 which is recorded, known, and legal, being used by
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Farmer Bob and *The Bank*, and $6,700 which is unrecorded and
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unknown to any but the *Private Thing* and *The Bank*. Right
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here is the secret device, the financial trick.
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In the next step, the *Private Thing* sells his $3,300 -- stamped
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as "10,000 stock dollars" -- to Farmer Bob for his *real*
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$10,000. Farmer Bob withdraws the money from *The Bank* by
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simply making out a check in favor of the *Private Thing*.
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(Farmer Bob is told the "10,000 stock dollars" will yield a
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higher rate of interest than *The Bank* can afford to pay.) The
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*Private Thing* deposits Farmer Bob's check with *The Bank*,
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thereby eliminating its $10,000 debt to *The Bank*.
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At this point, Farmer Bob still has $10,000, but it is "10,000
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stock dollars." The *Private Thing* is the possessor of $6,700,
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and "Mr. Miner" (from whom the copper mine was purchased) is the
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possessor of $3,300. *The Bank* remains where it was at the
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beginning.
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Agents of the *Private Thing* -- Wall Street and the press --
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carefully educate the people to believe that their country is
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tremendously prosperous. Its "prosperity" is evidenced by the
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$6,700 added wealth in the form of 6,700 new stock dollars!
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At the next stage the financial trick accomplished by the secret
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device is complete. At the next growing season, Farmer Bob wants
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to buy $10,000 worth of seed and machinery. But the *Private
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Thing* knows that Farmer Bob's "10,000 stock dollars" are only
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worth $3,300 and will not sell; the true value of the stock
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dollars is proclaimed, and Farmer Bob is compelled to sell his
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stock dollars for whatever the *Private Thing* is willing to pay.
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By this operation, Farmer Bob has lost $6,700 of his own making,
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and the *Private Thing* has "made" $6,700 in real dollars. *The
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Bank* has been the instrument by which the *Private Thing* has
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deprived Farmer Bob of his savings, because the *Private Thing*
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and *The Bank* are one and the same.
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^^^^^^^^^^^^^^^^^^^^^
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+ + + + + + + + + + + + + + + + + + + + + +
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For related stories, visit:
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http://www.shout.net/~bigred/cn.html
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http://feustel.mixi.net
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-----------------------------------------------------------------
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Views expressed do not necessarily reflect those
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of Conspiracy Nation, nor of its Editor in Chief.
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Send to: Brian Redman, 310 S. Prairie St. (#202)
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Champaign, IL 61820
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-----------------------------------------------------------------
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Want to know more about Whitewater, Oklahoma City bombing, etc?
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(1) telnet prairienet.org (2) logon as "visitor" (3) go citcom
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-----------------------------------------------------------------
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Aperi os tuum muto, et causis omnium filiorum qui pertranseunt.
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Aperi os tuum, decerne quod justum est, et judica inopem et
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pauperem. -- Liber Proverbiorum XXXI: 8-9
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