Natural economic law by Rawie Henry Christian 1860-

Author:Rawie, Henry Christian, 1860- [from old catalog]
Language: eng
Format: epub, pdf
Tags: Economics
Publisher: Baltimore, Williams & Wilkins co.
Published: 1920-03-25T05:00:00+00:00

counterfeit tens of thousands will be always out of work, under our present land and debt laws.

Each billion dollars of government cash, will turn over six times a year and pay six billion dollars as cost of national living, creating three billion dollars profit to capital, upon which debts are based. Each six cents of interest is expected to circulate one dollar of cash during one year, and pay that dollar in wages over and over again, but when interest creates a debt which promises to return money in the future borrowed money becomes a counterfeit which consumes the interest.

With three billion dollars profit each year paying about six, per interest each one billion dollars should support fifteen times its own value of capital but debts may be created of eight billion dollars for each one billion dollars of interest, and the debt money becomes counterfeit preventing a wide distribution of wealth by substituting a dormant dollar of debt for a live dollar of good credit money.

The dollar debt puts into circulation is only spent once but continues to draw interest year after year; hence, debt money buys once for the rich and fails to return to buy wealth for the laboring class.

If I were to say to any property owner ''There is a cloud upon the title to your property because it was purchased with counterfeit money he

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