The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-07-04

The Roosevelt message which >
fell on the conference like 9
bombshell is phrased to prepare q
the American masses for war +
in support of the American /,
capitalists policy of initiation, !.
through which Roosevelt and
his capitalist supporters hope
to win greater markets at the
expense of Wall Streets rivals.
The message came after long and
heated struggle in London in which :
the gold standard powers, backed by =
Great Britain, sought to get Roosevelt
to agree to a policy of sterilization Of :
currency. /
Roosevelt's declaration clearly 1aids
down the line of American capitalism
of higher prices at home, an under-;
mining of world currency stabiliza-e
ton, and a no-quarter fight fora
markets, dumping and other meas
ures directly leading to armed strug-i
giles.
Demagogic Appeal
The message itself which is adj
dressed as much to the American
people in order to win them on dema-l
gogic appeals to the economic war
policy OF the Roosevelt regime, says
that Roosevelt would regard it as al
catastrophe amounting to a world
tragedy if the great conference OF
nations called to bring about a more
real and permanent financial stability
and greater prosperity to the masses
OF all nations should In advance of
any serious efforts to consider these
broader problems allow itself to he
diverted by the proposal of a purely,
artificial and temporary experiment
ahecting the monetary exchange Of
few nations only"
VIII Continue Initiation.
This is threat to France and the
other gold powers, backed by Great
Britain, Wall Streets chief COMPETE
tor Tor world economic and financial
domination that the Roosevelt regime
viii proceed without let-up of its
policy of initiation, higher prices at
home, AMI lower prices on the world
market in terms of gold exchange. to.
undermine the markets of its COM
petitors.
He goes on to stir up the hatred Of
the masses to the point of a war
spirit by saying: THE world will not
long be lulled by the specious policy
OF achieving temporary and prob
ably an artificial stability in foreign
exchange on the part of a few large
countries only"
War Debt Attack
The attack is then directed against
France and other nations that de-
! faulted on the war debts to the
United States and hits directly at
ornaments by saying:
when the world works out con-
certed policies in the majority OF
nations to produce balanced budgets
and living within their means, then
we can properly discuss better dis
tribution of the worlds gold and
silver supply to act as reserve base,
OF national currencies."
BY this section Of his message
Roosevelt touches directly on the,
question of ornaments for war. He
wants Wall Streets competitors like,
England and France to cut down on
their ornaments to give the United
States supremacy in this regard III
the struggle for markets. Then he
says, Wall Street will be willing to
talk about gold questions, and not
until then-when it has the military
force to put over its policy.
In the concluding part Of his dec
laration Roosevelt returns to the
question of markets, the central
theme of the London Economic Con-
| ference.
Restoration of world trade is an
important partner both in the means
and the result" he says. Here also
CONTINUED ON PAGE ~