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Show ! s Page 8 The (JTA H INDEPENDENT . April 12, 1973 No Longer Reprinted from Our Money Will Kindig i r BANKERS MAGOG Sound As A Dollar jq " The Paper That Dares To Take A Stand t . A naturally, the banks will calif over- - Bilderbergers Meet In Amsterdam subscribe every issue, since they get ,h;jrs forno Naturally, too, Once Belmont. Massachusetts Continued from Page 1 the banks want bonds issued more American dollar the a time, upon hundreds millions, billions, It was the address by New York with was the soundest, most respected big defense contracts, insisted of billions. furnishes The a war Gov. Nelson who was The in world. the whole Rockefeller, nuclear currency that an Anglo-Frengood excuse for unlimited issues. accompanied by three advisers, deterrent popular reference to it was Good would pose In 1863, Congress was that embraced as gold." which it truly was. You or virtually all the The unthinkable problems. cajoled, or threatened, or bribed, worries dominating the talks here. United States commitment could anyone could exchange paper into passing the National Banking He deplored the Democratic dollars for real golcl. Not so not be shaken, he indicated, as long Act, by which the bankers were proposal to reduce the as Europe kept up its spending on Partys anymore. this privilege, which is the 300,000 American Gone, too, is the respect and troops in conventional weapons. their bonds for nothing. given special earth. on privilege greatest once it to the and traced confidence that our currency Europe Almost alone, Jens Otto Krag, Incidentally, even with their 22.9 And Congress can change it at any combination of detente European prosperity, Recently. enjoyed. former prime minister of earnings, they are so poor that they time. And Congress will do so and the resulting trend toward Denmark, welcomed the growing rs bankers refused to accept dollars in cannot pay us over when enough of you voters isolationism. trade. Travellers abroad report of one per cent on our deposits. thaw in East-W- st dealings. He saw demand that the be present He a was fearful that dollars cant that spent, the preparatory talks for a You can imagine with what glee incumbents do it, or elect you East-We- st are if of and, they everywhere proliferation the bankers read reports of someone else who will do the European security conference as job. and the conduct of negotiations accepted, their yalue is markedly the dawn of the day (for) a Congress piling up constantly Proponents of such a change independent foreign policies with reduced. dialogue. increasing amounts of cannot get it before the people the U.S.S.R. in areas of mutual realistic East-We- st What has happened is a sad said will he have to which fairly expected Krag appropriations through the ordinary channeF,s involvement can only increase modest story. We pick it up in the 1930s from the be financed by bonds. The banker because there is results not a daily the vulnerability of the West and, Roosevelt when . President is conference which can add to his banks assets the expected to removed gold backing from our total value of the bonds which cost newspaper in ,he count . whih in the final analysis, destroy the this But he viewed later year. open dares ,0 rin, the Atlantic currency. It continued as president community. his it as part of a lengthy process of his bank nothing, and compute matter. They are scared to death of The present balance of nuclear after president allowed foreigners dividends accordingly. the bankers and the banker8. strategic force, he indicated, meant gradually bringing East and West to exchange their dollars for our in Europe closer to each other. the You dome the bonds to , influence Bankm can f that the United States could no gold, but refused the same banker and then pay him interest The pessimists were most mortgages on publishers homes longer be counted upon to respond exchange to the American people. besides. on them notable on the economic side of the and printing plants. They can to an attack on The sickness of the dollar He Europe. What do you think of that for a refuse to extend loans. They can suggested that the. French and equation. accelerated as deficit spending crack-p- ot It is the best influence system? Henry H. Fowler, former large mercantile firms British combine forces to develop a became the rule. And in 1965, American secretary of the treasury, plan, specifically designed and manufacturers to withdraw President Johnson administered a possible of deterrent a their won, prospect the and the make called floating currencies the easy to rich, richer, advertisements, and thus take that is already a gleam in the eye of knockdown punch when he way out poor, poorer. away the support of the papers. Prime Minister Edward Heath. engineered the removal of silver We are proud of our credit and Neither will return to a system of fixed exchange the radios allow On the economic backing from our currency. He swel up with pride, when we read front. rates, Fowler said, it would to go on the air which Rockefeller saw the even removed silver from the monetary that a government bond issue had anjtnmg and encourage protectionism framework and the trade coinage so that we now use 3 cent Continued On collapsing 10 been Page But, wars between blocks, 'doctrine of free trade being refashion more quarters and I cent dimes. controls on tightly Since 1965, our paper money erodcd...on both sides of the .and weaken or drastically It Is Not Only Legal But Fiscally Sound Atlantic." He was concerned about capital.. reads, This note is legal tender for alter the alliances that have served all debts public and private." It the To Own Placer & Gold Objects ingeniously, aggressive the cause of peace and prosperity formerly said Redeemable in gold expansionist trade policies ol since World War II. SANDERS COIN SHOP on demand" or ...silver payable to Japan and the growing Westerr Forwler is now a partner in the bearer on demand. But, now dependence on imported oil. He 432 - 25th Street Lehman all you can exchange your paper Brothers, the investment urged common policies to deal Utah Ogden, banking house. with both. money for is other paper money, or less and goods increasingly For the most part, other leading Top Prices Paid For Authenticated Coin services. It sure would be White's Metal Detectors Solo and Rented figures who spoke today quarreled Reprinted from the Washington Investment Counseling By Appointment interesting to find out where all little with Rockefellers gloomy Post, March 27, 1973 that gold and silver went! balance sheet. Packard, now once by Bernard D. Nossiter At the end of Germanys Weimar 392-06399-53Bus. Res. 1 (801) Telephone: again boss of an electronics firm Republic in the 1920s, a bushel basket full of paper marks wouldn't buy a loaf of bread. The I SERVING THE SALT LAKE METROPOLITAN AREA currency had no backing, but the German government kept right on j I printing it until the German people arrived at an inescapable reality: I I, the paper marks were worthless! METER CHANGES As a result, savings and many NEW INSTALLATIONS investments were wiped out; REMODELING A MAINTENANCE j 220 VOLT A HIGH VOLTAGE commerce was crippled; jobs WRUNG FOR HOME fc INDUSTRY Fast j i evaporated; and the resulting POWER -- MG OR SMALL Sarviea chaos set the stage for eventual (801)295-161- 1 -April 24,1944 issue of TIME magazine, the statement is made that All United States National Banks earned in 1943, 22.9 on outstanding capital stock.' Part of the increase isdue to the fact that the banks have invested in government securities. They use the word investe." They do not reveal the fact that these banks got l ch three-quarte- J over-subscrib- ed. . 66 JingsufL Cold. S&iaqsL CHOICE MEATS INDIVIDUAL! LOCKERS 470 South Main Bountiful 84010 CALL FOR QUOTATIONS- - totalitarian rule. It is assume always comforting that the to 290-37- 13 41M MONKS TAVUMSmi I German experience can't happen here. But there is no reason whatsoever to believe that we are immune. In fact, the only element keeping us from sharing the same fate is our national lack of awareness of the real worthlessness of our currency. Should we close our eyes to the situation and hope for the best? Of course not! The real cure for our fiscal sickness is a cessation in deficit spending, a return to precious metal backed currency and an honest program to pay off our national debt. If we embark on such a program we will quickly see a return to respect for the dollar, an end to inflation and its crippling effects, and a strengthening of our nations independence. If we do not adopt the measures called for, our leaders will shortly propose the adoption of United Nations currency and, with it, the all but formal end to our sovereignty. We Have Them!!! World Famous xatex 622 Sewing Machines APRIL 11th to 14th SPECIAL ONLY Drape a 6 ft. Window for approx. $30 Sheer $1.29 Tricot $1.79 Copyright 1973 by the John Birch Society. 163 South Main Alan Drummond's definition of a Liberal: A person who hasnt the guts to be a Communist, or the intelligence to be a Conservative. WHITE and ELNA Bountiful, Utah Phone 295-381- 4 See Our Elegance in Our Tricot Dtapery Department 2nd Floor Save on - Time - Budget Dial and Sew Without Attachments True Stretch Stitchery Button Holes With Cabinet Blind Hem Over Cast Regular $369 We Offer: Service Instructions Cabinets Come See Bring This Ad Come Sew rtifwtwrrfWfFffffffff4,,Ff,tlfufrrfffi |