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B_345_The-Rulers-of-Russia

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the Bank <strong>of</strong> England, those who control credit and manipulate<br />

currency have gradually usurped the function <strong>of</strong> the Sovereign<br />

Power in modern States and are now linked together in a Big<br />

Combine. "Democracy" is simply another name for "a moneylenders'<br />

Paradise," a country in which currency comes into existence<br />

in the form <strong>of</strong> a debt to members <strong>of</strong> a big syndicate. Just as<br />

the chain-shop aims at the extinction <strong>of</strong> the individual trader, so<br />

the International Syndicate known as the Bank <strong>of</strong> International<br />

Settlements aims at the extinction <strong>of</strong> those entities known as nations<br />

or rather at their subjection to its dictates. <strong>The</strong> "Fascist"<br />

nations are refusing to sell out and be absorbed by the great<br />

monopolies, in a word, they refuse to borrow money.<br />

"<strong>The</strong>se 'sovereign states' we call Germany, Spain, Poland, Italy,<br />

Japan, are relatively small independent businesses. . . . Incidentally,<br />

they are businesses which have defied the big credit Institutions<br />

or International Banks—upon whose accommodation such<br />

businesses are supposed to depend for their continued existence.<br />

And it is not us, the people <strong>of</strong> England, but the International<br />

Banking Interests (<strong>of</strong> whom all democratic governments are the<br />

agents) who loudly and threateningly demand their return into<br />

the economic fold. And 'Soviets Limited* shouts it too. . . . What<br />

is this notion <strong>of</strong> National Sovereignty as seen from the standpoint<br />

<strong>of</strong> the monopolist (Mr. Litvinov representing the great <strong>Russia</strong>n<br />

Empire, stretching from the Baltic to Korea or Mr. Eden representing<br />

the British Empire which sprawls all over the world) ? It<br />

is a challenge to the all-powerful world-corporation he has in view,<br />

and which is actually in process <strong>of</strong> formation. It makes him see<br />

red literally. . . . Among the monopolist States, Great Britain,<br />

France, and <strong>Russia</strong> are the great protagonists. ... In the background<br />

is the United States <strong>of</strong> America, the most powerful single<br />

State in the world. And Mr. Roosevelt is an arch-monopolist.<br />

. . . <strong>The</strong> last four years have made it clear to any intelligent man.<br />

. . . that 'Soviet Communism' is just a monopolist variation <strong>of</strong><br />

'Dollar Diplomacy' or the 'British Hegemony' ... It is Soviets<br />

Limited with a propaganda Department as big as all the other<br />

departments <strong>of</strong> State put together. . . . It is the most stupendous<br />

racket that the world has ever seen. . . . We, that is,<br />

Great Britain, are in with the monopolists . . . over against us<br />

are a lot <strong>of</strong> States which represent relatively small-scale CapitaJ<br />

. . . We stand for the Big Combine. <strong>The</strong>y represent the little<br />

52

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