Monday, October 26, 2015
Thursday, October 22, 2015
Monday, October 19, 2015
Financial Liberalism
The spectacle of Financial Liberalism weeping for the sorrows of its eternal enemy, the Gfektian religion, is condemnation enough of the political errors into which the Curia was fallen.
https://archive.org/stream/napoleontheportr015065mbp#page/n341/mode/2up
This action was dictated by one paramount consideration : the great Debt System which held England and the world in its merciless claws was so sorely wounded that, if peace could be obtained in Europe on any terms which did not include surrender to London, the defeat of debt could scarcely be averted.
https://archive.org/stream/napoleontheportr015065mbp#page/n353/mode/2up
Lord Liverpool, the Prime Minister, who was about to sell the whole agricultural and industrial population of England into slavery to the foreign moneylenders whom he served, said to 392 THE PUNISHMENT OF THE ROCK Castlereagh, his Foreign Secretary, and the former paymaster of the three kings : " We wish that the Kihg of France would hang or shoot Bonaparte as the best termination of the business,"
https://archive.org/stream/napoleontheportr015065mbp#page/n391/mode/2up
Tuesday, October 13, 2015
Dawson Europe
The expansion of urban civilisation in the imperial age was, in fact,
to an even greater extent than that of modern industrialism, a great system of exploitation which organised the resources of the newly con- quered lands and concentrated them in the hands of a minor- ity consisting of capitalists and business men;
https://archive.org/stream/makingofeurope00daws#page/32/mode/2up
So long as the empire was expanding the system paid its way,
for every new war resulted in fresh territories to urbanise and new supplies of cheap slave labour. But as soon as the process of expansion came to an end and the empire was forced to stand on the defensive against new barbarian invasions, the economic bal- ance was destroyed. The resources of the empire began to diminish, while its expenditure continued to increase.
...
They saw in the Roman Empire the realisation of the traditional Hellenistic idea of the unity of the civilised world — the oecu- mene — an d they held up to the emperors the Stoic ideal of an enlightened monarchy in which the ruler dedicates his life to the service of his subjects and regards government, not as a privilege, but as a duty.
Saturday, October 10, 2015
Friday, October 9, 2015
Thursday, October 8, 2015
Wednesday, October 7, 2015
Thursday, September 24, 2015
Banker captures king
Napoleon
understood nothing of all this. Like everybody
else, he saw
the results but not the causes, and, since these
results were so
unspeakably bad, was filled with indignation.
Nor was
indignation left without fuel or draught. Necker, as
has been said,
had forced his way into the King's Treasury as a
representative
of the debt system, owing allegiance only to that
system. It had
been his business, before he became a minister,
to prevent the
King from getting out of debt by adopting
Turgot's plans.
To that end he had founded, in Paris, a number
of newspapers
in which, side by side, were presented accounts
of the profligacy
of the Court at Versailles and of the poverty
and
wretchedness of France. The moral was Rousseau's moral
namely, that
society must be reconstituted on a basis of
Liberty and
Equality. The basis actually aimed at namely,
debt was not,
of course, disclosed, and so few people guessed
that what was
really intended was the capture of the French
monarchy by the
financiers in the manner in which the English
monarchy had
already been captured.
https://archive.org/stream/napoleontheportr015065mbp/napoleontheportr015065mbp_djvu.txt
Mirabeau did not wish to see the international bankers possess themselves of these lands in exchange for an overdraft. " Credit money," he declared, "is a theft or a loan collected, sword in hand."
The coalition against which he had dared to tilt was London's coalition, and he was fighting, not an enemy of flesh and blood, but a system established m every land and everywhere, England not excepted, exerting an iron despotism over trade and production and, through these, over government itself,
...
This last advantage outweighed all the others in the First Consul's mind, because he remained implacably determined to pursue his own economic policy namely : m ''Agriculture, industry, and foreign trade. Agriculture is the soul, the foundation of the kingdom; industry ministers to the comfort and happiness of the population, Foreign trade is the superabundance; it allows of the due exchange of the surplus of agriculture and industry. . . . Foreign trade, which in its results is infinitely inferior to agriculture, was an object of secondary importance in my mind, Foreign trade ought to be the servant of agriculture and home industry; these last ought never to be subordinated to foreign trade." This economic system threatened the possessions of no other nation, but constituted, as Napoleon knew, a deadly danger to the debt system of London, for the reason that, when home trade is allowed to expand to ks full extent, producers of goods, being assured of their markets, get out of debt and are enabled, in consequence, to sell their surplus products more cheaply than producers in other countries who are carrying a burden of debt. Debt in such circumstances cannot be endured by any nation and must inevitably disappear from all nations.
...
Meanwhile plans were discussed whereby French agriculture and French industry might be stimulated in every possible way. Napoleon was determined that his factories should constitute the market for his farms and his farms for his factories, and that these two should be protected against any influences tending to upset their interdependence. The system is as old as civilization and possesses an effectiveness in making those who adopt it prosperous which has been displayed again and again in human story, Essentially, it consists in equating consumption to pro- duction until the demand for home-made or home-grown goods has been fully satisfied. Such unwanted surpluses as may then exist are exchanged for foreign goods, of which the home supply is insufficient. Since the power to consume is the power to buy, it is obvious that the amount of money in the markets must be equal, at a given level of prices, to the amount of goods and must be kept equal, for if not consumption and production will at once get out of step with one another in the language of economics, prices will begin to fluctuate, rising when the amount of buying power exceeds the amount of goods on sale and falling when buying power is less than the amount of goods.
...
The difference between Napoleon's system and the system of London resided, as has been indicated, in the attitude to the level of prices. The London bankers lived by preventing the equating of production and consumption. Production in England was stimulated while consumption was being restricted; 1 ^ prices, in consequence, tended to fall and to go on falling so that neither farmers nor industrialists could ever earn enough to cover the cost of new capital goods, and were forced to borrow con- tinuously from the banks, Most English farmers had to mort- gage their crops before they were planted, and most English manufacturers built and equipped their factories with debt. Wages were very small because, had they been allowed to rise, interests on the debts could not have been paid. The home market in consequence possessed little power of absorbing goods, which had to be disposed of at foreign markets.
...
Inherent in his regulation of markets was his determination to be independent of London, whether in the matter of colonial produce or in that of tariffs. Nor, as his clear exposition shows, was he under any misapprehension. He knew that it was the monopoly of money, supported by the monopoly of raw materials, that he was challenging, The enemy was not Eng- land at all but Lombard Street, the Debt System, which had defeated and replaced the debt-free system of mediaeval Europe, Christianity and leadership were the guarantees of the debt-free system just as speculative philosophy, party government, and a subsidized Press were the guarantee of the Debt System.
Napoleon Imperator
Nor was there anything hap- hazard in this conduct, for he knew that it was part of the System of London to give subsidies to noblemen so that they might resist their sovereigns and thus bring the government of States into the power of moneylenders.
credit-money
Nor was this state of affairs the fault of authority. A change of a fundamental kind had taken place in the economic structure of Europe, whereby the basis of that economic sructure had ceased to be wealth and had become debt. In the old Europe wealth had been measured in land and in the products of land, crops and herds and minerals ; but a new standard had now been introduced namely, a form of money to which the tide " credit " had been given. The Middle Ages 38 NAPOLEON, PHILOSOPHER had covered Europe with cathedrals and noble secular buildings and had left no debt; But during four centuries debt had been increasing as the new credit-money, little by little, replaced the old money, and it had now, because of the concentration of the precious metals m London, achieved a virtual conquest of the world. In other words, the promissory notes of London banking houses had become, to all intents and purposes, the only international money, seeing that nobody could obtain gold or silver m any substantial amount without having recourse to London. Not only so, but London had become, after the Seven Years' War, the centre of an Empire which included India and Canada, Access to colonial produce was therefore barred to nations which did not possess sterling credits. Nor was it easy to obtain such credits by^ selling goods to England, because JEnghsh manufacturers were protected by a tariff. France, there- fore, had been forced to borrow in order to obtain colonial produce; she had been forced to borrow in order to play her part in the American War of Independence; she was now being forced to borrow in order to pay the interest on her former loans. And since ultimately, as has been said, all loans were sterling loans, she had fallen more and more under the dominance of London,
https://archive.org/stream/napoleontheportr015065mbp/napoleontheportr015065mbp_djvu.txt
https://archive.org/stream/napoleontheportr015065mbp/napoleontheportr015065mbp_djvu.txt
Tuesday, September 22, 2015
Saturday, September 19, 2015
Thursday, September 10, 2015
Why Americans are in so much debt
One reason for this is the power which man has acquired over the forces of Nature . Until this moment buying power, as has been seen, has invariably been distributed to the people in the form of salaries, wages, dividends, and profits ; but man power is being displaced by machine power so quickly that even now since machines do not earn wages enough buying power to enable the output of production to be consumed is not being issued . It is certain that, under the Money System, this state of affairs will be greatly intensified . Even at the height of the American boom there were 2,000,000 unemployed persons in the United States who had been thrown out of work because machines were doing that work . A recent calculation suggests that at least a quarter of the 12,000,000 persons now unemployed in America can never again be employed under the present system perhaps under any conceivable system .
How then, as salaries and wages disappear, is buying power to be distributed ? Here is a new battle-field for Money which will resist to the utmost the idea that, as human labour becomes more productive, larger quantities of money will be needed to exchange the products of that labour . The question, Are men to be given money for nothing ? is bound to be asked by those whose office it is and has always been to give money, invented by themselves out of nothing, in exchange for the largest possible quantities of goods and services .
R. McNair Wilson, Monarchy or Money Power
Sunday, August 30, 2015
Thursday, August 27, 2015
Wednesday, August 26, 2015
Tuesday, August 25, 2015
Thursday, August 13, 2015
Wednesday, August 5, 2015
Friday, July 31, 2015
Expanding Educational Opportunities
President Obama also supports expanded funding and increased enforcement for programs like the Individuals with Disabilities Education Act (IDEA) that ensure all Americans have access to the tools to succeed.
https://www.whitehouse.gov/issues/disabilities
https://www.whitehouse.gov/issues/disabilities
Wednesday, July 29, 2015
Sunday, July 26, 2015
Saturday, July 25, 2015
Friday, July 24, 2015
Wednesday, July 8, 2015
R. McNair Wilson and Cityline
There are various ways of frightening the producers of food; by far the easiest these days is to grant loans—and to go on granting loans—to industrialists who wish to build factories or instal new plant, for by this means buying power in the shape of wages is increased more rapidly than supplies of food can be increased. The day must inevitably arrive—if the loans are made in large enough amount—when supply will not be adequate to an ever-growing demand brought about by an ever-increasing volume of wages. When that day comes, if more and still more loans are made to manufacturers, the prices of food will begin to rise—that is to say, the value of money will begin to fall. All that is now necessary is to keep on lending. The paper money is bound to lose the whole of its value if only you lend enough....
It is the excessive lending for the production of non-consumable goods, of course, and not the paper money, which is the cause of the inflation. A Government which was able to exert an effective control of lending would have nothing whatever to fear from the use of paper money, and would then be under no necessity of borrowing gold from the Money power. It is this simple fact which accounts for the tireless efforts which Money expends to gain and to keep a stranglehold on government in every country in the world. Democracy is the chosen means to this end. For, as Napoleon said, there is no People, there are only parties, and the party with the most money behind it wins. When a party wins it has to reward is backers the people who supply the party funds. The Money power owns most of the world's resources. By means of the Freedom of the Press and its own resources for creating wealth out of nothing it can break its enemies.
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