The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1921-12-01
THE TREND OF
THE WORLD

THE WORLD
An English writer named H. G..
Wells makes very forcible state
ment on the present status OF the
world and it's development. He says
the nations of the world are facing
the greatest crisis since history be-
gan, and that it will take the united
efforts of the leading nations to stop
the dissolution Of society and save
civilization from chaos.
He points to the fact that when
the nations of the world are at peace
and industry is the rule, they pro-
duce enough to supply their wants
and some surplus. For long period
up to the opening of the world war
they had been speeding up produc-
ton, but all thru the world war they
not only cut down production, but
increased destruction. During the
war about fifty million people were
killed, NAMED and starved to death,
and starvation still continued to
wipe them off at rapid rate in east
ern Europe. The tremendous de-
struction that was carried on during
the war has depleted the worlds sup
ply and it needs a necessary article,
and the extravaganza of the people
during the period of high prices in
creased the condition of poverty. AS
soon as we passed the peak of high
prices people began to retrench and
production decreased. This, in ad-
dition to the tremendous destruction
of the war period has so impover-
ished the world that there is not
enough of the necessities to 60
around and production is at stand
still in some countries and at low
ebb in. practically all, the countries.
The United States is in the most
prosperous condition of any of them
and it has millions of idle wOrkmen.
The nations of the world besides
issuing bonds and the various forms
of credit to represent Indebtedness
brought on the terrible financial
crisis which is now existing. The
nations of Europe went farther by
printing billions Of dollars worth OF
paper money. Russia especially Is
keeping her predecessors going with
out any intention of becoming re-
sponsible TO rthe issues Of her paper
money. Indeed it was part of her
plan to food the world with paper
money and thereby break down what
they called the capitalistic system.
That money has become so plentiful
that everybody has all they want
of it, they cannot eat the money, 1t
will not buy them food and cloth
ing, and it has become worthless on
their hands. All their industries
have run down until production is at
q very low ebb, and millions of peo-
pie in Russia are starving, the pro-
spect being that twenty-five million
of them will die during the present
winter. Russia and Germany have
been SO closely linked In their opera
lions that the finances of the two
countries are nearly in the same con-
dition and the German mark that
was worth normally about 20 cents
: has deprecated until it is worth
less than half a cent. Commerce
cannot be carried on excepting thru
the use of money that has a recog-
nized value. Factories cannot be
kept going excepting thru the use
of money to pay the operators. No
commercial institution can be kept
going unless there is money as the
measure of value and means of ex-
change. These things might be car
ried on locally where people meet
face to face and exchange products in
g which they are mutually interested,
but it could not be carried on be-
tween distant places nor between diff
ferent states and different nations.
Whenever the finances of country
break down its commerce inevitably
breaks down. People in the cities
are the first to suffer, it's peasant
class being able to live for awhile on
what they raise. But when they
have used up and worn out the pro.
ducts of the factory they too are
without clothing and implements.
This breakdown has already over.
come Russia and she has collapsed
Such breakdown, Mr.. Wells says
is likely to overcome Germany and
he predicts that unless something Ii
done by the great nations of the
world Germany will collapse within
the next six months and follow the
example Of Russia. II Germany had
money OF recognized value she
would be in condition to 60 on with
her industries because otherwise she
is in good condition, altho greatly
fmnovnrishod Inf nv industry ahe