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.