LAST DITCH OF DEMOCRACY - Majority Rights

not fatally. Some of the real books are still on the shelves, and not
represented by wooden dummies.
Dig in. Look up the ECONOMIC background of Cromwell. I keep
hammering on the BASIC facts of our own American history. I don’t
want you to lay off that subject. But you may as well know WHAT the
Pilgrim Fathers came to New England to get OUT of.
Don’t think the usury process STARTED with the invention of modern
banking. So-called. Most swindles have prototypes that were already
known to Demosthenes. Of course the swindles get bigger and
LARGER. The technique of war loans, peace loans, has extended.
Figures keep getting bigger and bigger. And the SPEED of the
operations. If it took what were called “the AFRICANS” 150 years to
ruin one European nation, seems like there is an American speed record
impendin’.
Entertainment in soldiers’ canteens on the one hand, I mean immediate,
entertainment for the United States armed forces, by the legged forces.
And then comes the payment of interest. An old, tough country probably
takes longer to bust. Peasantry has been ruined. Every country in Europe
has seen repeated duels between the plow and the mortgate.
Mr. Warburg calls ’em both CAPITAL—both the plow and the
mortgage. I forget if he coined the phrase “capital in the form of
transportation.” Gettin’ a lot of DIFFERENT things hugger-muggered in
under one label. My boy, you BEWARE of folks who lump things under
one label. You call a plow, plow, you call work, work, you call a stock
certificate a stock certificate. And try to learn the difference between a
bond and a share.
Naturally a lot of fancy language has been used to conceal that
difference. Get any company prospectus, about common, preferred, etc.
and the need of three lawyers and an expert to know what the difference