Rothschild Money Trust

146
measure before the Senate, for it is much easier to tack them on
to some popular measure than to get them through independently
upon their own merit or lack of merit.
We may choose to believe in the good intentions of Mr.
Roosevelt and to excuse him for this terrible crime, but we cannot
close our eyes to the cold facts. The Federal Reserve Board
is wholly of his selection and it has no doubt carried out his
express orders. No official appointed by him will dare disobey
him; should he do so he would be "fired," for Mr. Roosevelt
brooks no opposition.
In one of his press conferences Mr. Roosevelt sought to
excuse the order of the Federal Reserve Board on the ground
that some unnamed prices were too high and out of "alignment,"
but even if that be true, it is a silly excuse for bringing such
great distress upon the innocent people of the country. The fact
is, some prices always have been and always will be out of
"alignment" due to supply and demand.
There is this substantial difference between the Wilson 1920
deflation and the Roosevelt 1937 deflation: In 1920 prices and
wages were high and money of course correspondingly cheap.
We had $3 wheat, $2 corn, 40c cotton, $1.50 to $2 per hour
wages, labor was fully employed and scarce.
In 1937 we had been suffering from the Hoover deflation
for more than five years; we had spent billions of dollars upon
Mr. Roosevelt's recommendations for the pretended purpose of
relieving it; there was no substantial relief; prices and wages
were still low and labor unemployed; we still had approximately
10,000,000 unemployed, and many millions on the dole. There
was absolutely no excuse for the Roosevelt deflation. It was a
deliberate effort on his part to wreck the country and to prepare
the ground for revolution and dictatorship.