GENERAL FARM PROGRAM ' S63 



IXTERNATIONAL MONET CHANGERS TOOK OVER 



I do not have exact fia;ures, and I cioiibt if anyone ha?, but from the best informa- 

 tion that I have been able to obtain, the following is substantially the fact as to the 

 international dealings which ultimately brought this country into World War I 

 and which later brought a policy to our national administration which culminated 

 in the stock market crash in October 1929, and which in turn, brought us the New 

 Deal and crypto communism. 



When England, France, Holland, and Italy became involved in World War I 

 against the central powers, the international bankers, especially J. P. Morgan 

 & Co. of America, the Rothschilds of England and the Guggenheims of France, 

 together with their associates, were called upon to loan large sums of money to the 

 Allies, including England, France, Holland, and Italy. 



Loans from these international bankers totaled approximately $15,000,000,000 

 in American money. 



At the time $15,000,000,000 was almost an unheard of sum of money. 



By the summer of 1916, it became apparent that left to them.selves, the Allies 

 would lose the war and the Central Powers would be victorious. 



In the summer of 1916, the campaign for the election of a President for the 

 I'nited States got under way. 



Woodrow Wilson was elected on a platform of peace just as Abraham Lincoln 

 was elected on a platform of peace in 1860. 



Wilson was elected in November with great shouts of rejoicing among the people 

 that America would not be involved in a war; just as Abraham Lincoln was elected 

 in November 1860, amid great -shouts of joy that the people of the United States 

 would be spared the horrors of internal strife. 



On March 4, 1917, Wilson was inaugurated just as Abraham Lincoln was- 

 inaugurated on March 4, 1860. 



Before the April flowers were gone, about 6 weeks later, America was in the midst 

 of a great world conflict just as the people of the United States were involved in 

 internal strife before the flowers were gone in 1861. 



When the United States entered World War I, in addition to the great loss of 

 wealth, himian life and suffering involved by the United States, we were called 

 upon to loan approximately another $15,000,000,000 from the Public Treasury 

 to these same European countries. The net result was that the Allies were indebt- 

 ed to the international bankers -SI 5,000,000,000 and to the United States Govern- 

 ment another $15,000,000,000. They could pay not either at that time. 



THE AMERICAN PEOPLE PAID THE IXTERXATIOXAL BANKERS WHICH WRECKED OtIR 



OWX ECOXOMY 



The international bankers looked over the world and saw the hopelessness of 

 collecting the money from the hungry and naked people of Europe. The only 

 l)lace the international bankers could get their money was from the taxpayers of 

 the United States. 



Accordingly, in lOl!', while Mr. Wilson was still President, the newspapers of this 

 country, with one accord, began a campaign dei^anding that the war-torn countries 

 of Europe pay us what they owed us. 



Then as now, Bernard Baruch A\as on hand as the* liaison bet^\een the interna- 

 tional banker- and the W hite House. From 1916 to 1915, the man who was nearest 

 to the international bankers was also the nearest man to the \\ hite House. 



This cry that "Europe pay US what she o^\es US" was a very popular cry.. 

 The newspapers did not take the trouble to explain who the "US" was who was to 

 be paid. The burdened taxpayer of America naturally thought that he was the 

 "US" that was to be paid. 



No one took the trouble to explain that this country having a balanced economy 

 could not collect in goods without having to pay for tho-^e good-^ all over again. 



The taxpayer was accustomed, when someone paid him a debt, to go to the bank 

 and get the money. He has no conception of the vast difi'erence between collecting 

 a debt here at home and collection of a debt from a foreign country. 



Consequently the taxpayer who believing that he was the '"us" that was to get 

 the money fell for the trap, and became himself one of the loudest to demand 

 payment of those debts. 



The United States had no need of foreign goods. Our fa':"tories were capable of 

 •^urning out all the manufactures that we needed. Our farmers were capable of 

 producing all the food, fiber, and feed that we needed. Our labor supply was 

 adequate for every purpose. Our economv had become adjusted to a high level 

 of prices and volume. 



91213 19 — ser. ii, pt. 'j 8 



