The Nome nugget., 1942-07-29
INVISIBLE CREENBACkS
The Way Imitation Will Come in This Country
 If We Are Fools Enough to Let it!
by Harry Scherman Continued from last Issue)
We're On the Right Track

Right
 Every understand the to- tai supply of American going o be unavoidable in this elostliest of all history.
 year ending July l. l943, Government expects pay bills which will around $75O00000 cannot possibly year get taxes plus the individuals other haton ay guess among experts $25 will have be obtained that year by selling Government commercial banks thus creating cial bank deposits by that
 irreparabe damage by undesirable increase by later provided thing: provided sharply understood that the real danger new bank deposits beyond the war necessity and that this con tinuing MUST STOPPED possible oppor tunity. All the historical records show that uncontrolled on which every informed threads only happen when there uncontrolled increase of But the of control the situation in ths country Unparalleled being raised year they will about six times the of the New Deal At the nationwide effort under way to prod us all into buying War Savings Bonds should running buy
 Quite plainly, governmental managers fully mined that there shall be uncontrolled of money in this country Judging by it's acts the ny reliable criterion the Governments present philosophy in h matter safe and 
 Improvements still Possible
 Nevertheless important of this fight uncontrolled imitation Government subject fair crtcsHFirst nonparsan economists pointed wisely lay heavier the of millions indv duas who have of less than $50OO year l943 persons income of al least O00000 year they pay to the Federal Government than In like these it is no service to small ncomeearners not tax them heavily they England for example For these groups will bear the chief bn of eventual imitation. Whatever money Government obtain this and every oher-ield of taxation obviously the less will have order pay bills
 Second authoritative political agencies savings of least S2000O00000 be expenditures In not making them the Government ronic uaton forcing itself least $2000000OO0 of visible greenbacks each year.
 In five years this would amount to TEN BILLION DOLLARS of money unnecessarily added supply the nation! There beathakng little truth that ustifes bobal against every Congressman no reduce nonmtary expenditures to the limit possible
 Look for Way.
 exceptionally important for all to realize that the United States the dangerous money, of runaway nfaon will buggy form of printing did Germany Why not? Because conducted wholly while Germany almost wholly busi purposes.
 States therefore that enormous increase of money will pile up UNRECOGNIzED by the great people in the form of invisible greenbacks."
 will allow ourselves to be defeated n military which engaged But easily be defeated in internal against nfaion
 That be ostit is being ost-by multi udnous delinquencies with regard Savings Bonds
 The sober ultimate truth only personal savings civizaton-he savings millions little people ganered together this done voluntarily ii must be clear great is the need.
 Free and willing lending only with people, is better for practical pro- babe that be obtained by the Government from
 gen willing lenders than from passive uniformed regiment important thing get every dollar possible
 The the Government getS-eiher ndivd- ual loans through its less money will in order pay war-blls It will have some keep some" very Every citizen who realizes this truth forth upon without procrasmaon will be able sleep nights serene his doing minimum he help the nation from 2nabe disaster Not otherwise.