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Show . Gold Pwf Has Short Tim to Liw PROGRESSIVE OPINION EDITORIALS By C. N. LUND I o - Beginning and End of Gold Standard -- World s First Economic Conference King Nebuchadnezzar was the originator of the gold standard. Prior to his reign the Almighty, in his laws to Israel, Is-rael, had placed gold at the bottom, or as the least of (he -things that make wealth. The king of Babylon raised it to first place. He erected an image of pure gold and then called together all the princes, governors, rulers, captains of in lustry, judges, treasurers, counselors, sheriffs, etc., to the world's first economic conference with the result that there was then established or set u,i the emblem of gold as the standard of eci ,mecramitalvity. In the conference there were three dissenting dis-senting voices, the three youn Hebrews, who knew the Israel Isra-el standard so thorougly that they did not want a gold standard stand-ard to supei cede it. Because they objected king Nebuchadnezzar Nebuchad-nezzar had them cast into a fiery furnace. And thus was established precedent for punishing in various ways all those who oppose the gold standard. That was the birth; we of today are witnessing the death and burial of gold as a standard stand-ard or medium of exchange. For 2550 years the gold standard has enslaved humanity, caused all manner of suffering and caused rivers of blood to flow in the wars it has made. It has filled the world with woe and poverty and has always ministered to the well-being of the few at the expense of the many. All the present ills of the world are atributable to it. It began to die in 1929, but the death rattle will last yet a few years to send tens of millions to their graves, and to keep the world filled with fear and want and destitution. |