THE MONETARY PROBLEM

Timaru Herald, Volume CXLV, Issue 21308, 30 March 1939, Page 11

THE MONETARY PROBLEM

To the Editor of "The Timaru Herald" Sir,—lt is a most significant fact that the departure from the precepts given the Jewish people by the greatest of all law-givers always ended in retribution or, compulsory restoration. In Nehemlah’s time the Jewish people were in bondage —mortgaged to the limit—to the Jew bankers of that period. As one reads the history of that bondage, one finds an exact analogy in world affairs to-day. .'he Governor of Jerusalem employed methods which now would be censured w'th the utmost severity by the apologists of the money power. He had his own method of doing things and broadly speaking that was tire awakening In the people of a demand for a definite result. “I set a great assembly against them.” A grave wrong had been perpetrated—the complete negation of the sabbathical year had made the nation a nation of chattels to the usurers. What ar. we to-day? It is unthinkable that had the Divine economy been followed, Nehemiah would have been compelled to have recourse to intimidation. And is it not equally unthinkable that had long term debts been an impossibility—between individuals, states and nations —that 1914-1918 would have ueen an inevitability, with its aftermath of "peace, peace” where warring debt proclaims there can be none? Whether the German Fuhrer is a disciple of Nicolo Machiavelli, or a dyed in the wool anti-Semitic, his dismissal of Dr. Schacht and definite instructions to Herr Funk can only be construed as meaning that for the peoples of Central Europe money must cease to be master —that it must be the servant of all. Is it just coincidence that Carlyle links Rothschilds and the national debt? Was it not the founder of that House who said: “Permit me to issue the money of a nation and I care not who makes its laws.” If a recent article in the “Round Table” means aught, it means the "permit” Is definitely ended. Recent happenings, particularly signed trade agreements, ensuiing “lebensmlttel” are a logical sequence. It is Hitler’s reply to 600,000 tons of Rumanian wheat carried in Greek ships to English ports! Wheat is quoted at 2/6 a bushe! Australian silos! I—l am, etc., T. POWELL. AJbury, March 29.