The Secret of the Rothschilds - Tapa blanda

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898. Excerpt: ... CHAPTER III. AN EXAMINATION AND PHILOSOPHICAL ANALYSIS OF THE WAR DEBT. The considerate reader, who questions while he reads, may pause here and ak: "WHY has such a gigantic debt of forty billion dollars been generated in so short a time?" Other nations have been able to withstand a debt-refunding system for many centuries, while we here in America have traveled this road to ruin and bankruptcy in less than forty years! All effects h&ve causes; all phenomena have explanations; all problems have solutions; the light of investigation reveals all mysteries. The reader's attention will now be directed to the financial history of the four years of the civil war (that part which has been so long suppressed both from the papers and the common school histories), believing it will afford data, the real relations of which have never been thoroughly and truthfully explained. When this is done it will be clearly seen that not all the foes of human liberty held their councils in the city of Richmond; but beneath the very dome of the capitol at Washington plots and counterplots, widespread and far-reaching in their effects, were being enacted into law. In 1861 the war of words, which had been waged for forty years with more or less implacable hatred, culminated in a war of bullets, for blood alone could appease the fierce passions which had been engendered by these long discussions. The financial history of the war furnishes a splendid example of what may be accomplished without gold, and also the fallacies of debt which are secretly imbedded in the system of commodity exchange. It absolutely annihilates the gold standard theory that a dollar must contain a dollar's worth of intrinsic value, for if the paper on which the government placed the dollar stamp was not a dol...