Usury and Limited, 3

New York during the last two decades. Now I am preoccupied about chinese raw
materials which would be so useful to the Rome-Berlin-Tokyo triangle, hoping
naturally, that the U. S. A. will throw the weight of their 130 or 140 million
inhabitants on the side of a sane and just collaboration.

A sane economic system calls for the defence of "work-money." With this idea
a correspondent for the Japan Times and another from "Gerarchia" (Oct., XVIII) ex-
press themselves simultaneously, rejecting the old evil custom of secluding Japanese
and Italian labor on the world market at an unjustly low price.

I repeat: the ancient Roman Empire began to decay with the sale, in the
Italian market, of Egyptian grain at prices which ruined the agriculture in the
peninsula.

Peace rises, almost inevitably, from the just price. And the just price
carries with it a defence of the purchasing power of work (especially agricultural
work); this implies also non-dumping. And the almost savage fury which Japan in-
spires arises from the fear of Japan's capacity to drown other markets with cheap
merchandize. China, however, does not share this fear.

We are all so ignorant of China that we should pool the little we know.

The Chinaman says, "Japan needs our raw materials. We are disposed to con-
cede commercial advantages in the 'five provinces.' Japan has to work hard and
has to export small things like toothpicks for lack of material."

But it is also said: "Chang Kai Chek is a hero."

Naturally my eyes turn to Pekin. From all I read about Wang Chin Wei, he seems
a sensible and estimable person, but I can't say my point of view is shared by the
majority of Chinese.

I see China as the fourth element, I would say necessary, to the triangle.
I see three great Powers in need of much raw material which China possesses. I
should like American collaboration; I want it in fact, but I
also have before me the spherical shape of our planet. Germany already sees pos-
sibilities in Africa and Madagascar.

Usury and Limited, 4

I am not yet convinced that violence will succeed in the long run in China. I see preferably the use of re-education of China, a huge development of "cultural" relations, in fact the work of an "IRCE" titanically enlarged to explain to China what the Axis is doing. I do not deny that this seems a vast program. I could have wished for a more rapid work of the same sort in my own country, and the inclusion by the Italian universities of the study of U. S. economy through the years 1750 up till today. We pray God this mutual understanding does not arrive too late. All of which does not eliminate another, perhaps more important curiosity: to know why China is not with the Axis. I do not mean fragments of China, but the whole of China.

If I could picture a cultivated Chinese of today, curious about the history of ancient Greece, I would repeat to him two points from my previous articles, i.e.:

1. the fleet that won at Salamis was built with money lent by the state of Athens to individual Athenians.

2. the Greece of Metaxas is paying 54% (fifty-four per cent) of its income to english usurers whose names are hidden from the Greek people.

FREE EXCHANGE

Minister Riccardi's recent article deserves to be read with the greatest attention. It is the clearest exposition of the new economic direction that I have come on; nevertheless it contains a few words ambiguous not to the Minister, but to American readers. I reiterate my warning against the betrayal of words. All economic terminology has been falsified.

Raffaello Raffaello Raffaello Raffaello Riccardi writes "libero scambio" (free exchange), giving this term a correct meaning. But what is called free exchange (trade) has not been free for a century or for several centuries.

$N_0$ trade is free where one party is forced to exchange his goods at an unjustly low price, or against his will. And the illiberal (which is called liberal) system was nothing less than strangulation through monopoly, or through "dumping," that is, depression of the market with meré handize offered at low price (undercutting) in order to ruin the "enemy" or the rival.

After the 1914-15 war the big limited liability companies in England put up the price of chickens to 7/6 a pair to prevent poor veterans from starting chicken-farming on their own; and this is roughly speaking the system employed between nations.

Today a world conflagration may start because the U.S.A. is having a fit of hysterics over rubber from the Dutch East Indies. It would be a pity to lose the last battle through lack of understanding between the two countries.

One must explain to my American compatriots the importance of exchanges and multi-lateral treaties, because they have a holy terror of the word *barter*.

They must learn to understand the highly important meaning of the phrase "money of account." The Minister proposes a "money of account," but it is necessary to make this act as clear as possible to avoid muddle.

ori 46 (60)

France was sub-jew-gated before her fall.

## ABOUT A NEW ECONOMY.

Rothschild (baron Eugene) goes to America, according to the latest regulations, the U.S. ought to admit only elements useful to the national public good. If there exists a b-product or human garbage which is not useful, in fact pestilential and superfluous for the U.S., it is certainly that made up of usurpers and money-lenders. There are already enough of them there. The working-man is excluded from the U.S. because he is un-employable through the idiocy and beastliness of the usurocracy, while the land erodes and grows sterile for lack of adequate care. (dust-bowls.)

Meanwhile the promoters of this war hope for further international massacres to augment their monetary gains. Lindberg feels the need to protest. I feel the need to educate. Until a definite vocabulary exists, it is impossible to communicate. Certain Italian words are incomprehensible in the "melting-pot", a term invented by Zangwill to describe the bastardization of all the races gathered into America.

If I wanted to translate the words: sindacato, confederazione, corporazione, how can I? union? confederation?, body?, better thus than by syndicate and confederation for corporation.

"Press Syndicate" is only a way of publishing contemporaneously the same rubish or lies in 300 papers.

"Confederate," the southern states in 1861.

"Steel Trust" equals corporation.

Somebody should make a linguistic concordat and explain the most common words.

On Sept. 6. XVIII.E.F. Petain took away French citizenship from four or five Rothschilds. A good beginning.... but there are still 14,

ori.47 (61)
syphilic often aryan dynasties, families imported by the swine Necker
for the corruption of France.

There were fifteen Regents of the Banque. And while that system
retains that gang in power, or just behind the rulers, any reform in
France is a fiction, a mask, a betrayal of the french people.

As to the functions of the banks:

STATE CAN LEND,

Sometimes a remedy becomes poison through superstition. The nature of the malady is forgotten and the remedy becomes a habit. Some people, scandalized by Gesell's proposals, answer: "But the state ought not to be mixed up with commerce, the state ought not to become banker, the state cannot lend".

The idea that the state can lend money seems to them an unheard-of innovation because of their ignorance. The classic authors are forgotten. The idea that the state should lend money was anything but new to Trajan and the reformer emperors. The abuse consisted in lending the state's money (hard cash) to favourites, parasites and nondescript persons who often did not repay the debt, thereby creating complications.

Money necessary for public works ought not to be lent to unreliable people who will not repay. The superstition that the state **cannot**, or at any rate ought not to, lend money, has arisen from this clear perception.

Note that stamp script proposed by Avigliano and Gesell, would not be lent to non-payers. Whichever Refer to Odon Por's "La Nuova Finanza" for the clear details of this proposal. Whoever had received this paper money from the state for work done, would not be a debtor, but acreditor of the public. Anybody not using the money received, i.e. not putting it into circulation, stimulating the exchange of goods, would lose slightly every month in which the money did not "function".

ori 48 (62)

The state benefits by a small fine. And the state works. When the state works, it has the right to a salary. The infamous disease consecrated by centuries lies in the fact that, the money-lenders are installed in the states, eating without doing anything and that they progressively weaken all the organization of life.

Laws of empire or laws of the nature of empire? A people who pay double rent cannot compete perpetually with races who pay only one rent.

Human endurance is a marvel. Sick empires have taken a century or three to disappear, as certain syphilitic families persist, in bad condition, but they persist.

But a people that pays two lots of taxes, one to the state and the other (generally five times greater) to the usurers, is handicapped,

With the system of the "ammassi", (assembling of produce) we return to a sanity. China and England of the largely forgotten tithe epoch paid taxes in kind, in goods that the citizens and country-people etc. produced or possessed. Perhaps we shall have got as far as pathological comparative studies by the time this article goes to the printer. I do not inflict notes or indications of origin on the reader, every time a phrase of mine parallels or derives from, Brooks Adams. I add the necessary ideas, three others having bearing:

1. Liberty to keep out of debt

2. difference between "Sharing", partnership, division of the fruits or profits, as well as of the losses, and the fixed tax imposed without courage or pity.

3. System of the "nine" fields, ( a method of sharing: the grain from the central field went to the Government for the reasonable expenses of the state.)

Having learnt this system in China, the Jesuits introduced it to the natives in South America. They set up a Utopia which functioned,

ori 49 (63)

The world didn't believe it. They couldn't believe such prosperity could arise without gold. The Jesuits were accused of having discovered mines, they were killed off after being tortured to reveal the site of the non-existent mines. The jesuits action was, indeed, very dangerous. They had sinned in the most terrible manner. They had found out that gold is not necessary to prosperity! The monopolists answered: "Die". Voltaire paid homage to the memory of his most successful "experiment".

ECONOMIC CONJECTURES.

Five years ago A.de Stefani's writings got on my nerves. Not because he was wrong, but because of the time-lag. Then one day in the train near Bolzano, I spoke of him to a fruit-merchant, who said "but he is a theorist". With the declarations of Reichsminister, a high official has got as far as making clear statements. De Stefani had simply kept in contact with the public of the dailies. Twenty years' controversy has finally been settled by Odon Por's books, and the declarations of the Reichsminister. There is solid ground under our feet, not only paper.

The true nature of money is recognized, that is a state guarantee of the purchasing power.

The problem still remains of how to guarantee this power and as to how the quantity of money should be made to correspond to the available goods.

I should day ( and I invite discussion by the competent) that scrip ought to be issued against merchandise which deteriorates quickly, fruit, vegetables, provisions. After which I would employ ordinary money against durable goods (of various degrees), furniture etc., that is state notes, not stamp-scrip. # #

### footnote###
A statement already dated with respect to E.P.'s later writing, and another gesellschaft procedure for bank deposits.

Interest-bearing money would be limited, in Utopia, to shares in

ori 50 (63)

productive industries, that is, the mediaeval sharing ethics would again function. The risks and gains of the fields or factories would be divided. And in this case interest would be just. The more the fascist system goes into actionthe less need will be felt for loans. But I run ahead of the times. I dont believe this proposal is considered orthodox yet, but it seems advisable to me, that there should be a limit to the total interest on any loan. Let us say, provisionally, that every loan should give a total profit of at the most 15%. That is, that after the 15% payment, every payment by the debtor should serve to pay off the capital of the loan. Therefore if you pay 5% per annum, the 5% of the fourth year would reduce the debt from 100 to 95 lire, and the loan would be extinguished in 23 years. If the interest were 3%, the extinction would begin in the sixth year and the loan be extinguished in 39 years and four months. Or sooner, if the debtor wished to accelerate his payments.

This proposal is not to be taken lightly. Sooner or later a hungarian-roumanian frontier must be established, even in the thorny questions of finance.

We are moving toward an era when money lent out will no longer be fictitious money issued by the english, jewish, french banks, created *ex nihil*, or lent 90% in excess of what really exists in the bank's strong room(i.e. the system of usury at 60% so loved by the extortioners, to the ruin of peoples and empires).

This is perhaps the only new proposal I have ever made in the economic field. As to the idea that the state can lend: the fleet that won at Salamiswas built with money lent by the State of Athens. And Aristotle records other facts ( Constitution of Athens, XXVII,7).

ori4I (56)

OPINIONS TO BE RECONSIDERED.

I persist in wishing to see a book of mine published in Italian, and although I despair of a translation of what I have written elsewhere, I continue to want at least a documentation of notes already published, and this not for the beauty of the style, which my best efforts at re-touching have not been able to impose on the proofs, but because I have at least fought the state ogf mind: "We Italians are not used to considering every single word like that".

And I have fought the state of mind which I have been up against when I want to put two italian words together which are not *generally* found in conjunction, in the effort to coin an idea, and they tell me " but we do not say..., " or else:" but we say it like this, we say..., " emitting a cliché or very faded common-place( which does not define my meaning).

One individual cannot be in two places at once. I did not participate in the March on Rome. Nevertheless I have converted slow-minded italians to respect "Fascism".

(Footnote)

Farinacci stated with truth:" If the chief fascists were got together for an examination and asked what corporativism is, every one of them would give a different answer."

For which bit of realism he was rebuked by Starace, a block-head who did a great deal to alienate thoughtful italians from constructive effort. It is doubtful if E.P. ever converted anyone to his personal view of the matter though he lived long enough to see Jefferson quoted on fascist posters.

Translator's note.

I am not surprised Roosevelt has a false and slanted idea of Europe. He does not know Europe, and his ideas about it are all formed by the various dirty agencies, Havas, Reuter (see "Regime Fascista" for the list of jews in the french and english agencies after

ori42 (56)

Meyer's advice given in 1890.) It is natural that a man in sympathy with the popular american stupidity, ~~AMERICAN~~ without which sympathy he would never have got elected --- should accept what the crowd accepts, natural also that, not having studied either European history or that of the United States, he should believe what he reads in the american usurocratic press or what is transmitted over the London cables and radio.

This attitude should be taken into account by the italian pathologists, because it is an important political factor. Having conversed with progressive Londoners I am aware of the mental fog Londonian and now it works. Even U.H.D. himself who sees and kills every local lie in the dirty press, after years of familiarity with falsification, clearly visible to him in regard to the finance of Jerusalem, ends by believing and making mistakes about the continent.

Let me explain. He recognizes any idiocy or complicated lie in connection with money, any financial swindle without hesitation, Federal Union etc., any of the shameless falsification printed in the Times or the Economist re the english Treasury. In fact everything that is, according to his ideas "of importance". He recognizes everything that lies within the range of his own work. But he pays no attention to the international affairs of other nations and reads of them with indifference or merely glances at headlines, and ends by creating round himself a penumbra. His perception is "coloured". The things he accepts inattentively, have accumulated and after fifteen or twenty years he and his followers, some more, some less, are now loaded with prejudice. Douglas is an honest man, and as disinterested as any man can well be. London is nearer Europe than is America. Roosevelt is not disinterested. He is not, like Douglas, a man against the crowd. He badly needs education, which he will not get from either BusyBill(Bullitt) or from the Morganthaus father & son. It is unlikely he will ever be able to understand the meaning of the word

ori 43 (57)
"Bauernfahig" as used in german to-day.

An old pig-headed dutchman, defends wealth, and the interests on money, by race and lifelong habit, usury and monopoly. He does not know, or wish to know, the actions of Jackson; he appears to hate the best traditions of the democratic party.

The U.S. land was opened to the pioneers to clear homesteads, but the division was not protected. Many settlers were not "bauernfahig", and the "bauernfahig" (that is, capable of working the land), or their descendants *who remained*, were swindled by the usurers and squeezers of Wall Street and London.

The fundamental fact in the history of the U.S.A. is the betrayal of 1863, that is, the selling up of the Americans by Sherman Ikelheimer and Rothschild. Henry James and Henry Adams both felt the rot, without understanding the cause.

Roosevelt appears to ignore this history, and to avoid any study of it; but Italians, when some British barber's block politician has the gall to quote Lincoln or Jefferson, forget to come back with a "Lincoln answered with "Exacetur", and he was murdered at a very opportune moment for the manipulators of money, and creators of public debt, enemies of the greenbacks (i.e. the national money)".

If Chas. F. Adams were alive he would answer: England upheld the South, the slave states. And as to Jefferson, as well as Lincoln would have answered with "Exacetur" the usurocratic claims of the Churchills, and half-bred like Duff Cooperstein, with "Exacetur".

As for the Roosevelt enigma: we know he is of dutch descent. It follows he is hard-headed and emphatic. It may be that Morganthau junior is a stupid and unconscious instrument, or that he is mistaken, or that he is merely the perfect type of baccillus-carrier.

If this is not a literary problem, why do we recall a document-

ori 44 (58)

tation from the "Indice", Literary Supplement of Rapallo etc.? Perhaps to
"authenticate" perhaps to sustain the thesis that artists are volto-
meters, not motors. We are sentized, we do not direct movement, but
we register the predisposition before the public has anything to do with it.

I already pointed to symptoms of French weakness, in the Indice
Almanac for 1931-32, as in 1914 I had proclaimed the end of an epoch, a
perception backed up and registered for all time by the Duce's formular
"crisis ≠ not in the system, but of the system."

It is not easy from a distance to change the fact that Roosevelt
does not understand Europe, but one can work towards curing the *recidivi*?
elements here. During the last ten years I have seen several peninsular
celebrities disappear, and several fashions and fads drown. My documenta-
tion might serve to dust out some remaining corners, some little brain
still wishing to avoid understanding our epoch.

Francesco Monotti was the first man here to understand me, and
Gino Saviotti the first editor with the courage to print me.

ori 45 (59)

Second point: Mario Appelius who now speaks with authority, observes that" the main capital is now concentrated in New York." O.K! That agrees with my:" Its all the same to me if the main firm is in London under the name of Rothschild with the succursals Ikleheimer in N.Y. and whether the main firm is in N.Y. with the branch office in London, under, say, of Lazard". But I am still waiting for the day when somebody will write:" The well-known daily X.Y.Z. up till 1939 showed a cerebral conformation modelled on the mentality of the mercantilist period which has never been cured and is unchangeable".

" The well-known journalist who has escaped abroad as voice, etc. etc. has not the least understood the Mussolinian economy, nor its aim, nor the direction of the Regime".

I do not wish to destroy. I end these explanations in a constructive spirit and to spare further(or progressive ) misunderstandings in the two Americas.

The difference in comparative terminology, for example:"Idea a Statle", or"statal" or "the state" with "increment of association" (Douglasist), and with the republican concepts current in the U.S. before the year 1800.

Put the bolschivic ideal " abolition of Property" up against "A house for every family".

Liberty: liberty to keep out of debt.

"Interpreter of the peoples' will" how's that today in the anglo-saxon world? It is also known that every Blum, or sub-Blum, every Bischirgian, every sub-Hambro, lesser Rothschild, lesser Burgin, lesser Belisha who " emigrates "to America, will bring in a jet of poison ( backed up by the usual printing house, publishing house etc. ) for the diffusion of monopolistic ideas, cornering products, the liberty to lie, ( in the press and by voice ), the right, even, to starve others while preaching love of humanity and divine decrees.

ori 36 (51)

FOG.

I repeat:

For years I have tried to show up the strength of
soviet- Jewish propaganda in the U.S. and the lie campaign and silence
of the English press.

There was no reaction in Italy from the editions of 100,000 copies of Marx, Leningrad, Trotsky and Stalin, published in New York at low price, as 10 to 25cents. ( about 2 to 5 lire). Even when we get as far the definitions printed in Italian, I find points lacking. Now, after ten years anything but idle years, I congratulate myself, because I see that the "news-sense" is more awake. Last October four papers from three Italian cities printed strong expressions absolutely in agreement with what is, and has been for a long time, my outlook (pure coincidence?).

But the American press is hermetically closed against all that I think, all I believe, so I hold my tongue in English, and succeed in speaking only in Italian; and for that reason I would like to see the Italian papers pay more attention to certain details.

First: the world ought to know more clearly who directs, and who has caused, the anglo-Jewish war against Europe. The scope of this war was to make the world safe for usury: to erect the "Federal Union" in place of the League of Nations, and to form a "Bank of International Settlements": in fact to make the world slave to a gang of irresponsible usurers, international and not one hundred per cent aryan.

Let us note at this point, that an English newspaper has tried to show that the London gold market is not under the Jewish heel, and has listed some business firms which compose it, omitting the names: "Samuel Montagu" and "Mocatta & Goldsmid". The list of the six firms making this market, should be written, or engraved, on European brains:

N.H.Rothschild, president

Johnson Mathay,

ori 37 (52)

Mocatta & Goldsmid (not of aryan origin)

Samuel Montagu (also of long palestinian stock)

Pixley & Abell(race undetermined, but Cain's victim
bore a similar name)

Sharpe & Wilkins.

In the case of a tie vote, it is the president who "decides", that
is, decides the price of gold for that day. So the price goes up when
those gentlemen wish to sell, and goes down when they want to buy. I
have read somewhere that Rothschild is the only agent for the Bank so-
called"of England".

To this list of public enemies of the autochthonos people of the
British Isles, must be added other names which will have a growing inter-
est for the conscientious historian. For example William Wiseman "olim"
late, of the British "Intelligence Service" in New York, who is now one
of the directors of the hardly western house of Kuhn, Loeb & co.: the well-
known Baruch (Barney), Cohen, Morganthau, Frankfurter, Ezekiel, etc.,
doing business under the name of Roosevelt, chief magistrate of the U.S.

And I swear, that among my hundred or so nicely educated English
friends, not one wished this war; but there are several who would be
willing to fight for something worth while, although they may not succeed
in producing a coherent comprehensible verbal manifestation of their idea.

After all the war is 95% war for usury and certain monopolies,
fatal alike to the English and to Europeans, as for example:

Rothschild, gold,

Sassoon, silver,

Mond (Melchett), nickel (note in all probability the oriental
impertinence of the honorific "Melchett" chosen by Mond (Alfred). It
would seem he had taken a title of the god Hercules, Melcart, meaning
"Lord of the City").

ori 38 (53)

For the dossier of the latter: I have at first hand that his brother (Robert) shortly before he died, and in Rome, in a drawing-room where the speech was repeated to me, said textually: "Napoleon wath a good man. It took uth twenty years to cwuth him. It will not take uth twenty years to cuuth Mutholini. And the economic war has begun."

The Italians have, for the past ten years, taken me for an ec-
centric. Before the Abyssinian war I said: " The English press is the
most stupendous orchestra of lies that has ever existed.

This simple, moderate phrase was taken by the Italians them-
selves to be " a political exaggeration".

Now, I ask to be allowed to repeat, without greater emphasis,
but as news-item, certain ideas which I managed to get printed in the
american dailies.

For example, "A war against Germany in our day would be a war
against an honest conception of money. Sassoon, Rothschild, Kuhn, Loeb
& co. will never forgive Dr. Schacht for having said that if money is not
issued against Verbrauchsguter, it is nothing but printed paper.
( marketable goods)

The official Italian translation ( see"Gerarchia", JuneXVI)uses
the words " beni commerciabili" with pragmatic, immediate precision.
But in the interests of a clearer and higher economic and monetary under-
standing we ought to distinguish between two different categories.

Gold and silver are not necessary goods. They are, alas, to
the world's misfortune only too exchangeable, but one cannot eat gold, not
dress in gold, more than can be got into brocades or lace.

Hence the propaganda for "Federal Union", that is for an inter-
national society which would be at the mercy of a more or less anky-
mous committee, absolutely free from any control by the national
governments composing the above "Federal Union".

ori 39 (54)

All the clean English of my acquaintance fight against this
Union. But they fight under the disadvantage of the stinking English
Radio and the anglo-jewish press, whether in English print-shops or
american.

I should like to see this battle for humanity exhibited more
clearly by the Italian press.

It also seems to me that Italians would understand my com-
patriots quicker, without any need to change their terminology, if they
would consider the points where the ideas of the Fascist Revolution tie
up to the ideas and ideals of honest men of English and American nation-
ality.

Even that admirable anthology "Spirito della Rivoluzione
Fascista" compiled by our friend Spinetti, cannot convey the fascist idea
to English and American readers. It is true that it cites Mussolini's
phrase against "the degeneration of certain ideas", that is, not against
the original form of certain ideals, but you must understand that even
for me, resident in Italy for fifteen years, the names of a half-dozen
socialist sects have no meaning. In my mature years, certain American
forms have a significance for me, which are already out of fashion for
the new generation and already dimmed in my country, but which it would be
possible to renew for the stimulation of mutual understanding.

For example the "harmful liberty" rightly detested by the Duce,
is liberty in absolute contradiction to the idea of liberty held by the man
who wrote "des droits de l'homme", specifying "the right to do anything
that does not harm others".

Pragmatic liberty has degenerated into a fetid licence under
usurocracy, without the slightest social sense, or sense of economic or
monetary justice (I underline the last adjective).

I admit that my friend C.H.Douglas, founder of Social Credit,
has inveighed against Fascism, but I also insist that he does not under-

ori 40 (55)

stand the essence of Mussolini's thought. Where Mussolini talks of the State, Douglas speaks of the "Increment of Association", and the more the scotch engineer clarifies his verbal manifestations, the nearer he comes to the Mussolinian ideal. Anybody taking the trouble to investigate this parallel would save himself a lot of time. A countryman of yours( and he was a scientist ) said to me one day:"But we Italians are not used to noticing each single word like that". I however contend that somebody ought to consider certain words and phrases with greater attention, for the benefit of the world at large.

Douglas does not yet see that Marx was right in finding defects in the system of profits and excess-profits, but wanting to remedy this by abolishing private property, is the absolute antipodes of the policy of the assemblings of grain ( ammassi), of family cheques, of the war against the over-large estates and the battle for " one house to each family".

This is so very clear to Italians, that they cannot understand why America and England do not see it.

All the history, too much hidden, of our American Revolution of 1776, of the formation of our ideals for a state, of the betrayals, and finally the failure of this American Revolution which has been, and still is, kept hidden, is unknown in Italy.

ori 32 ( 48 )

The VAMPIRE as SYSTEM.

It is not enough to break through the demoplutocratic front. One
must understand the system, and the operating methods of the usurocracy.
One should it thoroughly and teach the boys of fifteen, once and for all,
so that the usurocratic actions will be as devoid of mystery as vulgar
assassination or the use of arsenic and strychnine as poisons.

70 years ago Rota, defining the mercantile system, stated that the
happiness of a nation was proportional to the quantity of money it poss-
essed and said that it "consists in a clever strategy for stealing the
greatest possible quantity of it from other nations". One must now under-
stand the _means_ by which it is extracted.

Reynaud can be said to resemble a pump. Churchill a pump, but a smaller one, amateur in comparison with Franklin Roosevelt, or if you like, with Morganthau, the secretary of the U.S. Treasury. I say, "if you like" because it is impossible to know who is the motor (motive force) and who is merely the instrument. Both of them are "legally" responsible. And behind them is the anonymous polyp consisting of, perhaps, Morganthau senoir, Baruch, Kuhn Loeb and Co., William Wiseman, ex British agent (we say "ex" as a formality), Sieff and their opposite numbers in London, the Beits, possibly Goldsmids etc., with Montague Norman, out in front man.

As long as the Banque"of France" and "of England" remain private
Societies, the war cannot end. Monsieur Cot is the "only big jew who
has died for France" in this war, while Mandel, Rothschild, Reynaud have
melted away. Note that the French gold has gone to America, where Rey-
naud wants to join it. Norwegian gold etc. has gone as first step to
England, followed by the usurer Hambro.

Let us look for the components of imperial decadence. France is
not, geographically, on the main line of commerce. In 1897 Brooks Adams
saw that England was losing ground. She was not protecting the purchasing-

ori 33.(48)
power of work, and notably that of agricultural labour in England, nor
the price of West Indian sugar. She was sending capital abroad etc..
When a government pays more attention to external than to internal ex-
change, you can expect disaster.

One can understand Churchill if one sees him as an enlarged Reynaud. Conscious or half-conscious, senile or unconscious of what he is doing, he serves as pump. But the idea of suction and of monopoly does not end with the dirt of London finance, you must observe the process continuing in America. Morganthau-Roosevelt have already attracted 10 billion dollars from the American people to buy gold. Four billions of excess -profits, because instead of 21 dollars and 67 cents ( twenty seven one dollars, sixty cents) they paid 35 (thirty five) dollars an ounce. All added to the taxes or to the bank mortgage on the nation..

It continues. The idea of monopolizing all the raw materials was so far as I know, started by Morganthau who was guest of the Rothschilds in Paris, under the protection of the Jewish ambassador Strauss, a few years before the arrival of the "metec" busy Bullitt". A good usurocratic idea, to subjugate the world through hunger.

The purchase of gold continued, up to the latest bulletin received, but to buy or re-buy the top magistrature, the president's gang adds hysterics and fear. Not having got the people into the present war so far, they are preparing the next; and meanwhile they buy ships, munitions etc.. Whoever wants contracts and profits, is invited to give his vote for the system and persons in power at the moment.

Those who wanted this war to make more debt, want another, or at least the prospect of another to exploit.

I repeat for the hundredth time, that it does not matter where the main office and where the branch. In 1863 the main offices were in London and were called Rothschild. There is documentation to prove it.

ori 34 (49)

(Hazard circular etc.).

The great debt created by that civil war of 1860, was used to control the quantum of the money in the U.S.. Every party which on principle increases the public debt at interest, is a pro-usury party.

Until the american people organize themselves to control government spending, or at least to know who has cleaned up the billions spent by Roosevelt and co., we are in the dark, that is in the dark as to particulars, because we should be idiotic not to see the general lines and the wherefore. Roosevelt exists to serve the sellers of gold and other materials which are of no use to the people either to eat, clothe themselves or keep a decent house.

An estimable senator has with fine justice on the floor of the Senate called the members of the British Cabinet, a " bunch of crooks"...

A congressman wrote me in a private letter in February, "a lot of froth, a great many idiocies and a psychopathic hysteric presiding over it all".

But until a man is taken to the mad-house, he should be judged responsible.

While a minister holds his job, he is judged a man and not simply an automoton. So that Roosevelt and Morganthau are legally responsible, if not metaphysically, for the politics, and the people are responsible for having tolerated them. The democratic system has an obligation either to put them out by existing means, or to reorganize and develope organs of government capable of eliminating the abominable, stinking exploitation of the american and other peoples.

It seems to me improbable that the present chaotic population of American should be capable of suddenly organizing a corporate system, as the Europeans have done. It certainly hasn't yet the desire. But a century ago there was enough vigour to get rid of the national debt. At the end of the XVIIIth century an organic, republican system was conceived with clean intentions.

ori 35 (50)

Solitary proposals like those of Bankhead and Voorhis, show a glimmer of comprehension. The slight reform suggested by Wallace, secretary of Agriculture, is a step forward. He proposed that a little money, a few notes, called (stampa) were to be put into circulation for the buying of vegetables. But in a disgraceful manner. What ought to be a right for work done, or the will to work, is "conceded" to those who accept a badge of slavery and bow down to ask alms.

Lost, alas, in the pages of the Congressional Record are the words: "it is the custom of the government to rent financial credit from the private banking system".

"But this credit lent to the government is, in reality, based on the real credit of the people, and belongs to the people".

The duty of Congress as conceived by the first John Adams, was that of determining the purchasing power of the dollar, balancing the rights of the producers of different sorts of goods.

This activity, which was not clearly understood until the advent of the fascist era in Italy, is, in America, still very hazy. Or where it is not hazy, it is hidden by the administration and the beneficiaries of the Morganthau-Baruch reign with the official cover. That this reign may be upset is the sincere desire of several people, even of those who believe in miracles.

The lurid conditions established in America, are strengthened by all the Leon Blums, Reynauds, and other agents-provocateurs who escaped from the ruin of their country, olim allies of ex-great Britain. Long live New England.

As to where it may be geographically, I cannot predict.

In 1939 it had not shown any awareness of the Europe of today.

ori 28 (44)

Work-money, Work, and Decadence.

The old Roman Empire fell because it did not defend the purchasing power of work, or the grain-growers power to buy. The strength of ancient Rome rose with the Licinian laws and declined with "dumping", that is, the importation of cheap wheat from Egypt.

The name "Roman" stayed on until the son of a bulgarian shepherd (Justinian) became emperor. The word "democracy" in our time is left to the usurocracy, or call it daneizocracy, if you insist on philological purity, meaning, and want to make it less comprehensible, meaning: domination by money-lenders for a term.

Hitler proclaimed war against "das Leihkapital" two years after the march on Rome, and American terminology ceased to correspond with the facts.

The American system thought out by John Adams and his colleagues was a system of states. An organization developed to the present European status was not, still is not, possible in uncultivated territory. Neither America nor Europe understand that this American system of states disappeared after Lincoln's assassination. It did not disappear after an open and honest revolution. The system was betrayed and fell. Everything that pertained to representation by state, i.e. meaning here, geographic areas having a degree of self-government, fell apart. The power was diluted, the people fooled and the United States remained daneistocracy, in control by the usurpers, Rothschild, Ikleheimer, Morton, Vandergould and such pals as that lurid traitor J. Sherman, M.C. from Ohio.

The betrayal was worked through the banking swindle, bonds as banking basis, etc., as I indicated a few weeks ago quoting Overholser (History of Money in the U.S.). It is time to get rid of certain fetishes.

Saint Louis, king of France, paid for the Crown of Thorns a

ori 29 (45)

sum that Brooks Adams in 1897 calculated equivalent to a million dollars
in money of his time. But after the battle of Tiberius the Crusades no
longer put faith in reliques. The naval power of Venice was rising.

Roosevelt in our days has paid billions of dollars for a nearly
useless substance. . . a material certainly less powerful than plexiglass
or berillium. It is time to end one more bestial superstition, to cure
ourselves of a blind reverence for a talisman (gold), a rabbit's foot
fetish. The hecatomb of english soldiers ought to be the last tribute
paid to this degrading reverence for a yellow metal.

A free nation is one which does not leave the control of its own
purchasing-power in alien hands. Europe does not produce gold and has
no need of it. This "Europe" includes Italy, Germany, even France, and
the British Isles.

If you wish to free yourselves from the Beits, from the masters
of the African gold-mines, of the soviet mines, you must open your eyes.
You cannot eat gold. A nation needs grain, wool, leather, not gew-gaws.

It is a waste of time to discuss the so-called democracies, Eng-
land, France, United States until distinction is made between theory and
fact. The usurpers control these three countries, and it is perfectly
useless to speak of them as if they were controlled and governed by their
people or the delegates representing the people, or the whole peoples'
interests.

One must ask to what point and in what percentage of cases a
member of congress or other delegate prepares to become eligible, by
getting into debt. The debtor will as a rule be a deputy, be the obedient
servant of his creditor, and if the creditor is a bank or trust, this
creditor does a great part of the work created by the above-named dele-
gate, deputy, or sheriff. The press is expensive, let us say ten million
dollars to start a daily. Free press?

ori 30 (46)

In 1939 only five of the best-known dailies in the U.S. were running
without loss. A director said: "I cant find any long-term credit. I cant
get a loan for more than three months." Hence, nearly immediate control.
where

The humourists of the Axis go with me as far as the principle of
the thing, but as far as I know have omitted to publish cariacatures of
the directors of the Bank of England, whose great patriotism and thirst to
win the war for democratic liberty is [shown clearly in the directors'
meetings. The first act after mobilization was to double their own sti-
pends. This is a way to esteem and glory. They are so "human" and so
English: Goschen, Niemeyer, Strakosh, Lefeaux, Lazard, good old anglo-
saxon names, family dynasty of W.H.Samuel (now Lord Bearsted, of Snell),
Kleinwort, Hambro the usurer who escaped from Norway carrying his money
with him and exhorting the Norwegians to fight, ... in his absence,

the methods of the usurocracy are such as Dante notes in the
lowest inferno:

> "Al modo della nona bolgia sozzo."

The 800,000, or so coloured soldiers in France, replacing Euro-
peans, have been called to uphold Lazard, Rothschild and their tools
Mandel etc., because they are easier to swindle than the French peasants
are. And it will always be the same where usurers hold the power. The
usurer will destroy all social order, all decency, and all beauty. The
ethical difference between division of profits (sportsmanship) and a
fixed tax is fundamental. The man holding the mortgage doesn't care a dam-
about the conditions in the factory, on the farm, or the state. If it
fail, he is still master. Every nation which tolerates a usury state in-
side the official state, falls apart. Anyone not interested in economics
and monetary processes is an idiot, cert ainly cannot be counted literate.

ori 31 (47)

As news item, U.H.Douglas has for a long time held that this war was started by the international usurers against the English and Germans alike. He holds that it is a war against the white population of Europe for the benefit of the international usurer (the temporary domicile of these migrants is not important). Whether or no Douglas is right, we can take it as axiomatic that the usurers are, and will be, until nuntea into lowest hell, enemies of every highly cultured people, against every lively sense of reality; against all workings of a high civilization, for the simple reason that the better you understand the laws and mechanics of society, the more difficult it will be to fool you by the gold swindle, or by the bank swindle. (Parenthesis: I see in the Annals of the American Academy of Social and Political Science, May, of this year, a new variant, i.e. usury at 16% now called "Industrial Banking" with the label "Consumer Credit", a term stolen from the Douglasites and perverted to the uses of usurrocrats. One cant be sure, from the quotation in the Annals, whether the "16 per cent" tax on the consumer, is really a 16 per cent or a 160 per cent on the real capital of these banks, who compete with the hock-shops, but do not fear their competition.)

JEWS and the WAR:1940

"Liberty is not a right, but a duty."

Very few young men arrive at believing that there is no
more useful meditation in the world than considering the
ideal of good government. Among the young of thirty years
ago, nobody reflected on this less than myself. I understand
perfectly well the young poets and aesthetes who groan when
I talk of "the State" as an idea, or of any monetary problems;
et ego in Arcadia, "swapping cheap loves for poor apples",
viles pomis mercaris amores.

Nevertheless the relative capacity of the different races
has great importance. And when any race has shown, through a
period of a thousand, two thousand, or five thousand years,
a singular incapacity to evolve a social form, the fact should
be recognized and one should go very slowly before confiding
the prosperity of one's country to the components of such a
race, without in any case first submitting the individual to
a long and careful scrutiny.

These subjects are dangerous. In the space of seven days
an estimable American literary agent has threatened to abandon
me, and a publisher, also American, has thundered against my
"efforts to try to pass propaganda through his press."
"Nothing 'he says' which can in good faith be interpreted
as etc....."

In fact almost the only remaining friend with whom I can
discuss this question was born Levi, and still retains that
name. Another better known Levi sends me his articles printed
in France, on the same subject.

If the Jews I have met during the last thirty years represent the average hebrew awareness, there must be thousands of them as unconscious of their racial past, of the ghettos from 1600 up until more recently, etc., and a like number of their contemporary christians and pagans.

The points I propose underlining are taken from an English publication which gives news of what the Jewish Encyclopedia calls "a well organized community".

Sic: At the head of the Jewish community there was (?is) a governing directorate....of which the members belong to the richest families, and they invariably chose their wives from among these families. The members of the directorate establish relations with the local princes and governors, occupying the ministries of finance, being advisors to the sovereign, and doctors. As double position as administrators both of the wealth of the Jewish community and of the nation in the midst of which they were living.

The yearly election of the governing members was surrounded by all sorts of rules and ceremonies....but it was not only a simple gathering of the directing heads for administrative functions.

These chiefs were content to govern *anonymously* as a directorate...

The instruction consisted chiefly in "The Law" and in the legal exposition of the Talmud. Maimonides says:

"God has ordered the practice of usury against the Goy, and the loan of money only if they agree to pay interest."

The right to tax follows the right to usury. This is a far cry from the mentality of certain Jews I consulted a few

years ago. One said to me: "No usury. The law of Moses forbids it."
And another: "I am against taking usury from the <u>gentiles</u>, it
gives them a handle."

I have no hesitation in absolving Dr. G.L. physician and
Dr. B. also physician, of having ever committed any acts what-
soever that might have led to this war. I could make a long list
of English and Americans aryans who have involved us.

Let me go back to the historical prosess. Jacob Brafman
declared that "taxation was the keystone of the Jewish communi-
ty's organization." Every Jew was obliged to belong to a fratern-
ity and pay his taxes. Not to do this meant fines or ostracism,
which in the days of the ghetto was ruin. A tax of 10% on
property (Ma'aser)...and at intervals, forced loans to the
Kahal.

Every newcomer had to pay for the right to sojourn, so
that it was nearly impossible for the poor jew to change his
residence."Tax on tobacco, on tar, on herrings etc., to the
Kahal." The wangling of alms, right to decide as to the
distribution of subsidies (relief), often hereditary offices.
In Russia, in Disne gli's time many of the secret police jobs
were handed over to Jews. (I abbreviate).

The Jewish authorities had power to arrest all Jews found
without passports, to fill up their quota of recruits for the
army.

Did the material and intellectual prosperity of their
communities make any progress under these oligarchies?

Answer: The only study encouraged was that of the Talmud.
"During all the centuries of the ghetto there was neither
literature, nor art, nor Jewish science." Our English critic
puts off to better times the discussion on the value of the

post-ghetto literature, art and science. He finds the uniform
level of poverty in the ghettos much lower than that of the
<u>gentile</u> communities surrounding them. He describes the ghetto
of Frankfurt amongst others. Disraeli also calls his people
"a splendidly organized race". It certainly is not our European
idea of splendour.

An article in the *Journal du Nord* says that in Russia, in
1892, only from 10 to 18 thousand Jews had an assured means of
existence. And it is from these Russian ghettos that, in 1890,
hundreds of thousands of Jews moved into the occident, bringing
with them socialistic and "liberal" tendencies, with the result,
as Mr. e.e.cummings says in his poem:

"Every comrade is a bit
Of quite unmitigated hate."

The English critic believes the present Kahal is centered
in Wall Street.

For myself, I believe it makes very little difference to
the European races and christianity, whether the central offices
be situated in London under the Red Shield, while the branch
with Ikleheimer's plaque is in New York as it was in A.D. 1863,
or whether the main house is in N.Y. under the name of Schiff
and Kahn with a director called Wiseman, XII baronet and Mr.
Belisha, just out of the British cabinet, easily substituted
by another delegate of the same origin and family connections.

The British law of libel, infamously thought out to protect
the criminal and indifferent to the public wellbeing, forces
some of the more honest English papers to print simple lists
of names without comment. Rothschild is at present interested
in gold: Sassoon in silver and Mond (Melchett) in nickle and

industrial chemicals.

Weep, weep... in parenthesis... for the unfortunate Finns. At Petsamo there are nickel mines belonging to a society whose proprietors have a hand in Imperial Chemical Company. If the Finnish mines were destroyed this society could put up the price of Canadian nickel and their losses would be compensated.

We believe that the Finnish mines were held as a threat against Germany. I am of the opinion that it would be better to keep cousin Joe's hoardes out of Europe, but the point of view of Germany and Russia is perfectly understandable, who object to letting Melchett's gang hold all the nickel in the world.

A peaceful systemization of Europe, minus England and the Kahal, could be arranged by nationalization of the Finnish nickel mines, with a pact between Germany, Russia, and Italy, each in a position to obtain a third of the product.

I have read that the mines have been dismantled. If so, the Kahal wins, at least for the duration of the war, which they did their damnedest to bring about and which an implacable campaign of lies and incitement from their foetid press is doing all it can to still more embitter.

I cannot attain latin clarity. I do not reach latin simplicity in my thought. I confess it. I spare neither Jew nor Aryan. And I offer you the defects of my own mental process, i.e. long parentheses... compare them with Henry James'. Do the best you can with 'em.

I have bundled in two separate questions. An archbishop told me once that I tried to put too much into one article. O. K. Here are two subjects. First: the racial temperament of

the Jew. An indication of how they have governed their communities
in Europe and in Russia during past centuries. Second: a particular
case. When it comes to single crimes and to recriminations, I am
not convinced that the Jew is more to blame than the Aryan. A
Dante scholar can complete the quotation which I cite from
memory: "Si che il Giudeo di voi tra voi non rida".

When it comes to making money, we still remember the Austral-
an firm of Merton which was caught, in 1914, cheerfully selling
lead to Germany at half the price it was selling to England. There
was also the elder Morgan (Aryan) who, during our civil war in
America, was condemned because he was selling worn-out guns to
the government. He bought condemned rifles from the Ministry
and re-sold them to an army corps in the West, getting paid
before he himself paid the Ministry. This is not Judaism but
mercantilism. The Jews have enough troubles already without
holding them responsible for sins they have not committed.

_But they lack the sense of an orderly state._ The complex
of instincts of Roosevelt's government, is that of the Kahal.
England and France today are governed _as the Kahal would govern_.
Their history for the last 20 years can only be explained by
such a system.

In contrast to the Kahal system we have Roman Law, and
continental Europeans have their "Guild" tradition. Americans
of Anglo-Saxon roots have the balanced powers and the designs
of John Adams.

There is no moment for unnecessary hatred and incitement.

We must weigh these elements carefully, analyze the causes
as well as we are able, and when we are quite clear, decide
what system is best adaptable to our needs. The Fascist and

Nazi programmes are based on European temperament and beliefs. These evolve and go on developing. The American system is only an obscure and profaned memory, which we Americans must dig up from the tomb. But in whichever country a man has no right to remain uninterested but must search out the manipulation of present events. He would be less than a louse if he let himself be imposed upon by a fictitious system, owing to real or pretended ignorance.

THE DANGER REMAINS

I have already warned you that Marxist propaganda has been flooding the United States for eighteen years. In editions of 160,000 (one hundred thousand) copies the most seductive bits of Trotsky and Co. reach the uneducated or little educated (that is the public and pupils of the universities) and against this you Fascists have done nothing (I add a superlative) absolutely nothing, and we unworthy epigons of the founders of our republic have done very little. We are only a few dozen and poor in at that. The mercantilist press etc., swamps us. As soon as an article slips into one of the big papers (of 40 pages) floating on a tide of mud (paid publicity) the Director is "warned" not to sin a second time.

We have no place of refuge. We are scattered voices. American history is not found in the school books and many of the main points are not contained even in W. E. Woodward's cheery volume "A New American History" favourably reviewed in "Bibliografia Fascista" and by U. degli Uberti in the Rivisita Marittima and elsewhere. (*)

Except for the 60 pages of Overhosler I do not know where one can find certain of these main points: The notorious suppression of our paper money in 1750 by the English government (while we were still an unfortunate part of their empire, as misgoverned as are today millions of autochthonous subjects in their mines and on (the no longer cultivated) land of the Mother Island...). The betrayal of the veterans by the first congress, cited by Bowers, (*) Alexander Del Mar, the greatest of American historians was not known to me at the time of this writing. E.P.

O. 10 (26)

STILL DANGER, remains

I have already warned you that marxist propaganda has been flooding the United States for eighteen years. In editions of 100,000 (one hundred thousand) copies the most seductive bits of Trotsky and Co. reaches the uneducated or little educated (that is the pupils and public) the universities) and against this you fascists have done nothing (I add a superlative) absolutely NOTHING, and we unworthy epigons of the founders of our republic have done very little. We are only a few dozen and poor in number. Very little. at that. The mercantilist press etc. swamps us. As soon as an article slips between the sheets of one of the big papers (of 40 pages) floating on a tide of mud (paid publicity) The Director is "warned" not to sin again second time.

We have no hide-out. We are scattered voices. Our American history is not revealed in the school books nor in the main points are not adequately shown even in W.E. Woodward's new book, "New American History" favourably reviewed in "Bibliografia Fascista" and by U. degli Uberti in the Rivista Marittima and elsewhere.

Except for the 60 pages of Overmolser I do not know where one could find certain of these main points: the notorious suppression of our money unfortunate in 1750 by the english government (while we were still a part of their empire, as there are to-day millions of autochthonous subjects in the mines and no longer cultivated land of the mother island...) The betrayal of the veterans by the first congress, cited by Bowers, recently our ambassador in Spain, in his "Jefferson and Hamilton". The abdication of Congress in favour of private financiers half way through our civil war: 1862-1863. By the same way before the plan to create a new slavery" controlling the public debt and thus controlling the quantity of money available to the public."

The head of the department of History (American) in our National Library confirmed my supposition that in no history book of my country

O. II (27)

(in one volume or in ten) contains the four facts put together by me in my
"Introductory Text Book" (one page with bibliography added).

The attacks against Fascist Italy are based not only on falsification, but on a black ignorance, thick and stinking of the history of the United States and the fundamental principles of the Republic. One of the most interesting to Italians is the forgotten John Adams, father and grandfather of the American navy, true father of the American system, who chose and nominated Washington to lead the army of our revolution.

Each time the popular Jefferson disagreed with Adams, he was wrong, and after a certain time, he had to acknowledge his error. Adams never feared to oppose ultra-democratic manias, and foresaw the failure of the French proletarian revolution.

"Introductory Text Book" (that is, introduction to the politico-economic history of the United States of America)

My "book" is in four chapters, very brief, in page in all.

Ch.I. "All the perplexities, confusions, miseries arise in America, not from a lack of honour and virtue, but from a thick ignorance of the coin nature of money, credit, and circulation" John Adams d. 1826

Ch.II: "If the national credit be based (as is indispensable) on pledges of specific taxes and the quantity adapted to the circulation no interest would be either necessary or just, because such credit would serve all the purposes of metallic money withdrawn and substituted by it" T.Jefferson, letter to Crawford.

Ch. III" Give to the people of this Republic the greatest benefit they have ever had, their own money to pay their own debts" A.Lincoln.

Ch. IV. "Congress shall have the power to emit money and regulate the value thereof and the value of foreign money" Constitution of the United States of Geo. Washington, president.

What is unknown to nearly everyone is that the Constitution of the U.S. Very few people appreciate it.

O. I2 (28)

provides for a controlled foreign economy. (Power not used by the
democracy in the period of organic and moral decay.).

These four chapters are followed by a half page of notes pointing out
that the theories of Douglas are a specialization on Lincoln 's dictum, and
Gesell, on stamp-scrip, a particular application of a sub-division of the "law" proclaimed by Jefferson
"And that's not the kind of it, dearie".

*Chapter II, wide above*

Geneva, thank God, is deceased legally, but pestilential worms are still crawling about the corpse and the gases are beginning to lift the lid of the coffin. Sanitary service is needed. Internationalism is not only clearly marked, bolchavic, but after the third international you will see the fourth and the fifth and the fifteenth, until you begin to study the usury problems and the nature of money itself.

I congratulate you on having reprinted a small book by Osman Bey, written in 1873 (L. Cappelli, 2 lire) where I find:

"The process by which these conquests are made is founded on certain principles.... which can be divided into three categories:

1. The principle of physical force;

2. The theocratic principle, acting through the subjection of the masses to a religious belief;

3. the principle of interest, (that is, money) enslaving the peoples under financial pressure.

We are late in understanding the good Osman who had seen something of it in Europe and in the near East.

I am happy to see daily light shed on these lines of Osman, in the interests of the "Popolo d'Italia" and the "Regime Fascista" (including the column on the second page called "Radio Cronaca").

But this is not enough. We need a wider vigilance committee. A book
book has been circulating in England for six months, going into a fourth
edition, so perfidious and stuffed with "sacred" things, perverted to

Ø. I3 (29) evil ends, that even I, with all I have seen, feel scandalized

The "New Union" is the slogan of the title and on the cover: here we have the following words united: Wickham Steed, Norman Angell, Nicolas M. Butler, Lothian, Hugh Walpole, who tell us this book begins "an epoch" ( nothing less!) in political thought. In the name of liberty, equality, etc. are we to sacrifice all National control to the purchasing power. Do we have to submit every right to exchange our cheese against petroleum, and a hegemony or absolute control by an uncontrollable swarm of bankers without a country, but furnished with the highest sounding attributes of human dignity. It is a fact that for six months democratic ideology has shed its light out its rays over the anglo-saxon public.

Clarence K. Streit (not Straight) is the author, greatly praised by the "Manchester Guardian", by Sir Edward Grigg and by the "Jew's Chronicle". According to him the U.S. Constitution does not contain the essential clause (no. 4 of our list): "Congress shall have power to issue money and to regulate the value". Without having thought for five minutes about the efforts of the founders of the American system, he would idealize the constitution for the Union, supreme of the big democracies: G.B. USA, F.B.SV.F.D.N.O.C.NZ.I.Reland(even) SA.SV..., National sovereignty has downed the gold standard. Several millions of aryan europeans have been presumptious enough to exchange the fruit of their labour with the merchandize etc. of other humans.

Shame! disgraceful! we have no right to eat or cloth ourselves without written permission, printed, engraved, under the control of the "Bank of International Settlements" or some other nest of Jews or hyper-Jews and friends of Norman Angell, Steed, Lothian, and Zimmern.

This is the mentality so much praised in the English press, published "maxima cum laude", and after five months, the English public is ready to be steered away from a nicety and ready to stand a war which it doesn't want and against

O. I4 (30)

whicheverbody of my acquaintence in England rebels uselessly.

Several centuries ago one Stubbs had his hand cut off for having protested against a marriage proposed for Queen Elizabeth; wherefor one should hate Hitler and fight Mussolini. Stubbs and his friends were mar- tyrs at the beginning of the war on the principle that the freedom of the press is necessary for the liberty of the state. So that etc. in 1939 one should fight to suppress economic liberty.

In parenthesis, there is no more stinking lie than that which is flown by the seductive "democracies" about the liberty of the press. This is true, and it is flown out of question.

First: they lie when they declare that the liberty of the press exists in England and the U.S.A.

Second: they lie when they pretend to want it.

Third: they contradict themselves in all they say about the functions of the press in their countries.

Fourth: they lie when they state that a law imposing honesty on the press, would be incompatible with true and sincere liberty.

The first and almost exclusive function of the press in all the great usurocracies is to make prices on the stock-exchange and on the sea. Their press exists for this scope only. The master speculators do not want a stable market because with stability they could not make huge quick turnover rapid gains behind the backs of the inexpert buyers, especially at the cost of every kind of worker, manual labourers, inventors, writers, and the men who run honest and real businesses for the exchange and distribution of goods.

The liberty of the press to tell truth, has nothing whatever to do with the state of mind of the chief newspapers in France and England. A law could easily allow the publication of all the real news and proceed against the lies, with the following simple proviso:

I. Involuntary lies to be corrected with head-lines of equal size on the corresponding page in the following number of the paper.

A Means of Communication

Your revolution is our revolution. The sooner you understand this, the sooner you can fight the enormous anti-fascist prejudice and the enormous weight of American ignorance of the constructive elements of Fascism, and all it has done.

Our forebears fought against sanctions. Our American history is glorious from 1750 until 1863; after which it stinks; also it has been and is most cleverly hidden, to our shame. Only in the last twenty years a handful of historians, beginning with Beard, has begun search and inquest. To communicate with Americans worthy of receiving communication, I invite you to read a few essential lines of American history.

"In 17 Parliament forbade the issue of paper-money in the colonies of New England (with certain exceptions). In 1751 entirely forbade the emission in all the colonies." And England lost her North American colonies.

One must understand the connection.

The prosperity of the colonies up to 1750 was notorious. Their system was that of "representative money", that is to say, the money corresponded to the products.

One must consider the system in connection with the contingencies, locality, time, etc. There was a need for the products of the earth, there was an immediate market. It was not "monetizing the earth" as Hume said. They were monetizing the work and the known diligence of the colonizers. They were using a kind of Gesellism. That is, Pennsylvania lent her paper-money to the agricultural proprietors on the condition

they repay in ten years at the rate of 10% per annum.
(With Gesellism the state gets its money back in eight
years and four months.)

A certain Twells, a Londoner of the period, says: "At
an awkward moment, the British government forbade the issue
of notes and deprived them of legal course..... this con-
traction of the means of exchange paralized all the indust-
rial energies of the people. The flourishing colonies fell
into ruin."

There was a movement, first for reform, then for
separation. After the separation, the American people fought
the usurers. There were betrayals, for example, in the first
congress when the nation assumed the debts of the states
after the speculators had bought the pay-certificates of
the soldiers (that is, certificates of work done) at a very
low rate.

The cold war raged without stopping, sometimes openly,
sometimes in secret. Jackson and Van Buren won for the
people. And the social system of Adams and Jefferson lasted
until 1862. But when the civil war broke out, the capitalists
immediately betrayed the nation with the trick clause. Lincoln
thought he was giving the people a national money. The
financiers, through their agents in congress, slipped in a
clause limiting the legal tender of paper money. Thus the
paper was not valid either for import duties or for interest
on the public debt. The importers were obliged to buy gold
from the bankers, and the government itself had to buy gold
from the bankers to pay the interest on the bonds, while the
same bankers piled up fortunes at the expense of the public

or of the state. "Bulls on gold, bears on the union". The bankers played the gold against the state, against Lincoln's government, at a moment of supreme danger.

A putrid mercantilism definitely won the battle, 25 February 1863 with the National Bank Act. The decadence had set in. Henry James and Henry Adams felt a vague discomfort but did not understand why. They knew something was rotten but did not know what it was.

Willis Overhosler, a country lawyer, excluded from the big publishing houses, bringing out his own work, shows the basic points of the bank strategy. Sic. First Hazard Circular (inter-bank) of 1862: "Slavery will probably be abolished by the war. I and my European friends wish for this because slavery means owning the work, and implies the responsibility of looking after workers, while by the European plan, headed by England, capital controls work by means of wages. The great debt (which the capitalists are making sure will be created by the war) ought to be used to determine the quantity of money. To attain this end bonds must be put into circulation as a basis for the banks' issue. We are waiting for the Secretary of the Treasury to advise congress to this effect.
We cannot permit the so-called greenbacks to circulate, because we cannot keep control over them. But by means of the bonds we can control the banks' issue."

All very pleasant, that "we cannot permit"!

The usurers' plot was taking shape, and the truth was emerging from the actual correspondence of the bankers. The famous pronouncement sometimes attributed to a Rothschild, but actually coming from the arch-traitor John Sherman, is to be found in a letter from the House of Rothschild in Lon-

don to the euphonious firm of Ikleheimer, Morton, and
Vandergould of New York. As follows:

"The few who will understand this system will be either
so interested in profitting by it, or so dependent on its
favours, that there will be no opposition from that class;
on the other hand the great body of the public, incapable
of understanding the tremendous advantages that capital
derives from the system, will hear the burden without com-
plaint, and perhaps will never suspect that the system is
opposed to their interests."

The Rothschilds' curiosity was aroused, and they asked
the euphonious Ikleheimer etc.: "Who is this Sherman?"

Ikleheimer & Co. answered enthusiastically that Sherman
was a very able man: Thus:

"The fact that Sherman recommends such a project must
bear weight....etc....We predict that, if his life be spared,
he will prove himself the best friend that the monied interests
of the world have ever had in America."

And so it turned out. Please note that the powers or
the interests named are "of the world" not of the United
States. And Sherman was buried without a column commemorating
the infamy of his betrayal. The moral and cultural decadence
of the United States dates from the National Bank Act of
February 25, 1863, lethal injection of the <u>virus lueticus</u>.

The Ikleheimer circular on the method of setting up the
"national" banks for the benefit of the stranglers is a perfect
jewel of 17 facets.

Any group "of not less than five persons" buys with
money, which does not of itself carry interest, a quantity

of pieces of paper bearing interest at 6% (payable by the people).

Having accomplished this symbolic act, the group was permitted to print paper money and to lend this, their, paper money to business and to private persons.

The profit (let us say frankly the usury) of this group was estimated at 28% to 33%.

One may add that all this is in absolute violation of the written and legal constitution of the United States, which constitution specifies that congress has the right to issue money (that is to determine the quantity in circulation in the country) and to determine the value of the monetary unit and to control foreign exchange. Which past American governments have not done and the present government is not doing.

This dastardly situation started by the National Bank Act, has gone on getting worse since 1863. It was confirmed under the administration of Woodrow Wilson the damned (codeface) and continued under the reign of the wealthy mercantilist Franklin Roosevelt.

Humanity's fight against the stranglers is your fight, and was the fight of our American forebears, who were conquered. This fight must go on in America. A nucleus of historians, senators, and representatives, is working to this end.

A swarm of monopolists in the city of London betrayed three million "British subjects" in North America in the 18th century. A like swarm fought against the American people in 1860, and against Italy in 1936.

Today they tyrannize over the rural population in England. Once upon a time the farmers paid "tithes", that is a tax

payable in kind in agricultural products. Now they have to pay
in money, that is insomething they can get only from the banks.
If the sharks of London did not spare their own citizens in
the 18th century, if they do not spare them today, how do you
expect them to treat you Italians with more humanity?

When you talk with Americans, try to speak with Southerners or men from the West, where the tradition of the war between money and agriculture is not quite forgotten. Do not believe Wall Street is all America.

In May of this year a robust senator (and of Roosevelt's party, not the opposition) said to me of the President, "Don't think he changes his mind every day. Stubborn as a mule, sir, stubborn as a mule! Got the Eastern idea about money." (that is the mercantilist idea).

Vacillating in many things, Roosevelt remains indelibly mercantilist, and the last word was said on that subject by your Pietro Rota in 1870.

"The mercantilist system considered that the happiness of nations rested on the quantity of money they had, and consisted in a clever strategy to diddle the greatest possible quantity of money out of foreign nations."

Don't think that the magnificent Italian battle of the last fifteen years is the first. When the young men of the United States understand that you are <u>continuing the fight</u> which their forebears carried on to victory, from 1750 to the day of Lincoln's assassination, and even to the expulsion of Andy Johnson, another "A Noi!" will rise and be heard.

Therefore communicate! Try to distribute news outside the wire-netting of the newspapers, censored and governed

by the insurers' interests and the advertisements of the big
stores which depend on the money monopoly.

Your weapons ought to be the American historic facts,
and a knowledge of the American historic process.

The first facts you ought to know are set out clearly
in the "History of Money in the United States" by Willis
Overhosler, Progress Publishing Concern, Libertyville, Illinois,
a pamphlet of 60 pages, price 25 cents. It ought to be translated
into Italian (*) and would be more useful to you than the
dilettanteism of Aldous Huxley or the current sob-stuff.

(*) was translated, but never published.

Poisoned Supply-Pipes

It seems to me that the dangers are not sufficiently
noted. The basic fundamental idea of corresponding with
foreign countries, of collaborating with other countries;
creating cultural axes, is all to the good, but fails to
look at the obstacles.

Every, or nearly every, piece of printed matter coming
from abroad, is already coloured. It has already been
chosen by the enemy, deliberately, and only partly uncon-
ciously. These people hate everyone who wishes to damage
their monopoly. But above all they are absolutely, totally,
entirely, one hundred percent incapable either of understanding
or wanting a new *forma mentis*.

It took me thirty years of life in Europe to understand
how *my* own nation and country was created.

The teaching of history in nearly all the universities
in the world is as stupid as possible. The men who have
understood history have studied it from a different angle.
That is to say, they interested themselves in the past
because they were primarily interested in events of today.
They were right up-to-date. They wanted to know what was
going on, and looking for the causes of the events present,
they looked for symptoms in the historic process, and found
parallels with the past. The inefficient go to the grave
unripe. They have read history without understanding, and
then try to conform to a model. They fail in life or in
administration; they are half blind to the contingencies.

95% of history has been written without looking at

economic causes. Prof. Thayer managed to write 1200 pages of his *Life of Cavour* with only *one page* devoted to economics.

I ask patience for my prologue. We are not yet acquainted, and I must present my credentials, if not from the beginning, at least as far back as my grandparents. Which does not mean that the historic process begins with the Leopoldine reforms, but that I do not think one can present only *one slice* of this process, to make it look thinner. Certain ideas developed in Tuscany in the middle of the eighteenth century and were not foreign to the formation of the United States. From 1813 Adams marvelled at the lack of interest his fellow-countrymen took in the study of the system or systems of government. My curiosity was aroused by the events of the year IV E.F. and grew deeper into the developments of the quindicennio, and I, more perhaps than any other American, was thereby thrust into the study of the history of my own country...

I don't know how much this can interest a nucleus of Italian writers, but it ought to interest any Italian who wants better intercommunication and mutual understanding between the two nations.

Neither Italy nor 99% of my countrymen have the least idea of the american disintegration, that is the disintegration of the *system* thought out by the american Fathers. I would date this disintegration from the year 1866.

Very few of you know why the constitution approved by John Adams was active from 1789 until 1866, and is still in theory, though more and more betrayed with growing unconsciousness and cowardice. I don't believe at this moment

there is one american congressman out of forty who understands the contents of that document. If he did, 95% (and perhaps more) of the prejudices against the totalitarian states would fall away.

The real enemy is ignorance, black, impenetrable and obtuse. Jefferson, when he succeeded in governing, acted very much as Mussolini. But Adams, corner-stone of the United States, had already written in private letters, certain truths, which I myself had seen to be indispensible, before knowing those letters. Adams proclaimed a system for America without pretending it would be suitable for any European nation. Jackson and Van Buren, considered Jeffersonians, were perhaps much better followers and disciples of Adams.

As I can't for the moment aim at educating Americans all at once, I would advise you to think up some system of getting in touch, some possible means of being heard by a majority of the men of good will. There are two very useful books: Christopher Hollis' "The Two Nations" and "New American History" by W. E. Woodward.

This brings me to the subject or rather the theme of this little article. The supply-pipes or the printed conduits, are poisoned. Books and magazines coming to Italy from America and England, come through the commercial firms. No book comes out in the "Tauchnitz" or "Albatross" editions which has not already been commercialized, that is to say, authorized by the worst enemies of the race. The profit-motive is the only lord of this empire. When the material censorship has permitted a given piece of "ersatz" literature to circulate, when an author has been proved innocuous to the

monopolists, when Smith and Son show a magazine on their
station in the United Kingdom (Hachette monopoly in France)
those with the best circulation or a certain number of
those with sales of over 5000 copies, are allowed to go
to the continental bookstalls.

The Problem of Taxes

Official confirmation is comforting. The speech of his Excellency Thaon de Revel at the inauguration of the Milanese branch of the bank of Rome is gratifying to anyone who has upheld for years the ideas that he put forward.

I quote a few useful phrases from the Giornale di Genova, July 20:
Indicating the destiny of gold, not the least factor in the attitude of the
U. S. A. in the world conflict,...it has been shown that we can do without
it."

The classic idea of the function of gold has been superseded..."work-money...
ideas superseded...phenomenon of production...above all, work, including that
of the directors."

Having got as far as the sane fundamental idea of work as the basis of
money, the basis of exchangeable claims quantitatively measured, we can
look further into the theory.

Supposing that the monetary circulation of a nation to be thirty billions.

If this money were liable to a tax by monthly stamp at the rate of 1% a
month, the income to the State would be three billion and six hundred million
a year.

This is the system proposed by Gesell, which has been tried out with
complete success at Woergl. A stamp had to be added to the Woergl notes at
the beginning of each month to the tune of 1% of the face value of the note.

But it would never be advisable that all the nation's money should be
in stamp-scrip. I have already explained why, but I repeat:

Money functions not only as an instrument of exchange, but also as a means of saving. Stamp-scrip does not serve the latter purpose, but only that of exchange.

The Italian Treasury for Jan. 29 of the year XIX shows an income of
31,082 millions; expenses 39,876 millions; deficit 8,794 millions. But sup-
posing it were worse (to use round figure): income 30 billions, expenses 40
* This is an early and perhaps puritanical view, which the
author may have revised after considering the possibility of
the scrip at 2% discount.
banks accepting the for deposit accounts

Problem of Taxes, 2

billions, and a deficit of 10 billions.

Let us consider the public debt. The service or interest the State would
have to pay on this debt amounts to 10,056 millions, and the debt as of June 30,
1940 was then 210, 622, 236 lire.

Which is to say that the debt interest is greater than the deficit.

If instead of increasing the usual taxes on the year's balance, ten billions
of the governmental expenses of the year, let us say XXI, were to be paid in
newly issued stamp-scrip, the deficit would be reduced by ten billions, at the
same time creating an annual income of one billion 200 millions.

Business would benefit and have time to breathe.

If, during the years XXII, XXIII, XXIV, this issue of stamp-
scrip were continued, a new horizon might show. And I, the under-signed, should
not appear so suspect when repeating: If money is considered as certificate of
work done, taxes (in the known form) would no longer be necessary.

In unusual times this Gesellite system could very well serve to make good
the deficit. But when normal times returned there would be a progressive dimin-
ution of all the taxes which weigh so heavily, impede trade and strangle outlets.

I add that the Gesellist propaganda before H. E. Rossoni's illuminating
phrase, "and so the State takes its cut," was based on the theory that the ob-
ligation to put a stamp on the notes would greatly speed up the circulation of
money and stimulate exchange of goods.

It is evident, or at least I think everyone would admit that an augmented
velocity of circulation is a means of avoiding a swelling, an inflation of the
quantity of money needed for a nation's business.

As a matter of fact, at Woergl only a part of the stamp-scrip foreseen
by the first calculations was ever put into use.

I ask patience of any literate reader while I give a few figures:

["Problem of Taxes, 3", "Supposing the taxes to be . . . . . . . . . . . . . . . . . . . .