"It is time that we ceased to regard the farmer as a distinct species. Broadly speaking, his problems are now identical with those of the day laborer, the mechanic, the clerk, the small business man, the professional man. He is just one more poor devil drowning in economic insecurity. Let us welcome him into the brotherhood of insecure poor devils.
"... observe that there is no economic security worth mentioning in homesteading ... unless the homesteader has enough cash income from outside sources to pay for new materials, tools, machinery, power, roads and transportation". If the community outside does not keep these supplies streaming in to him, all he has is a roof, and a fraction of his food supply. It is fantastic to hope for economic security here, apart from the whole community -- clear back to the central power station.
"It is only too clear that decentralized homesteading, agriculture, power supply, manufacturing, must all be elements of one master plan. None can proceed alone without [meeting] disaster. We are all in the cauldron together and together we must crawl out." -- Stuart Chase, The Economy of Abundance, 1934
When researching and writing The Economy Of Abundance, Stuart Chase discovered some very intriguing facts about the industrial and agricultural development of the United States in the three decades leading up to the Great Depression. The usage of mechanical power to assist farming and agriculture increased by a factor of twenty to one, from 1900 to 1930, while the overall output per farm worker rose by twenty-two percent in the ten years covering 1921 to 1931 !! Total farm production of food and grain and agricultural commodities advanced steadily from 1919 to 1929 and yet more than one million people left their farms or agricultural work in that same decade !!
As Buckminster Fuller noted in several of his books and essays, and most notably in Critical Path ( 1981 ), the Great Depression was brought on by falling prices for agricultural commodities, which forced farmers and ranchers who had borrowed money ( to buy the new machineries mentioned by Chase ), to default on their loans. They succeeded in providing a bonanza from the fertile ground of their fields and ranches, with grain and meats and more kinds of vegetables than ever known before, and the pay-off was a savage drop in prices overall, despite a growing population. As Fuller explained it, some of this was due to the lag in improving transportation lines and to the fact that flash-freezing vegetables was not readily available. Nor was there a way to transport and store large amounts of frozen foods.
The set-up for the Great Depression was, therefore, a part of the new Economics of Abundance, wherein success was rewarded with failure in the overall markets, as too much fresh produce sent farm revenues tumbling. The trigger for the Depression was provided by the manipulation of money and credit, and by the idiotic speculations of brokers who were addicted to overnight bank loans for their stock trading and price-watering policies. The Federal Reserve System, in complete command of foreign--based and domestic banking since 1919, cut the flow of these overnight funds when so many 'little banks' failed in 1928 that it began to threaten the stability of the big commercial corresponding banks in 1929. In just sixteen years of operation, the Federal Reserve Bank cartel managed to suborn and subvert the entire process of credit allocation in these United States.
And by squeezing that trigger, they fired a lethal shot into the greatest industrial and agricultural economic system ever known in all of human history, up to that time. There really is no other way to explain it, and although the banking families who controlled the Federal Reserve Bank cartel since its inception are not the sole authors of The Great Depression, they were certainly in command of the 'corporation' which dispatched the economic 'hit men' who then killed thousands of companies and put millions of men and women out of work in the years 1930-1933.
"Remember that pecuniary graft has no point with more than enough to go around;" wrote Stuart Chase in 1934, "but the very human lust for power remains unimpaired." Seventy-one years later, the power-grab which followed the triggering of The Great Depression remains a fact, a reality of modern existence. Like it or not, these States united were subverted into covert support of Great Britain by the racist Anglophile, T. Woodrow Wilson. These States united were then "federalized" and marched into the maw of destruction in 1917, after Wilson won re-election on the bogus campaign slogan "He Kept Us Out Of War." That is crucial to understand because it was elements of The Trading With The Enemy Act of 1917 that were used, manipulated and counter-manipulated by Franklin Delano Roosevelt in his "Hundred Days" in 1933.
The National Economic Emergency of those "Hundred Days" has never gone out of effect. It continues to this very day of this year. Candidly, the dictatorial powers then appropriated by the presidency under Roosevelt, have proved to be as addictive as any narcotic to the leadership of the political monopoly which has ruled the District of Columbia since the end of the Populist Party. The scope and breadth of those powers has only increased as a "permanent condition of war" has been laid down on these States, and the people of these States, and as the slatternly behavior of Congress has allowed it to overgrow and disguise the once-free and sovereign political bodies that the States united comprised in their original and mutual alliance.
THE NEW DEAL AS A CIRCUS WITH 111 RINGS IN ACTION
"The New Deal began in a carnival of rushing activity when Roosevelt took office. Wherever some group or state or industry or economic element appeared with a grievance, a bureau was formed. They were called agencies, commissions, councils or administrations or authorities or boards. I counted and identified 111 of these administrative bureaus. The whole immense national and global task which the New Deal undertook became too vast for Congress to control.
"Congress therefore adopted the policy of creating these administrative bureaus and contented itself with a few simple directives and a handsome appropriation -- and the bureau set off on its own hook. The policing of this incredible collection of bureaus, armed with dangerous powers and ample funds, became impossible." -- so wrote John T. Flynn in his masterwork entitled The Roosevelt Myth, first published in 1948 and then revised with new commentary and conclusions in 1956. And much of what he concluded, in '56, remains true and applies to this country today, nearly fifty years later. Flynn gets very specific in his analysis:
"All the prosperity which the nation has 'enjoyed' -- created by the mountainous sums paid for war, militarism and foreign and domestic handouts -- remains unpaid for. Does anyone suppose that it will ever be paid ?
"It consists of a numerous collection of separate bond issues. These continue to fall due. When each one falls due it must be paid. And some person or interest must be found willing to advance the money to pay it and accept a new bond. It was possible to force these bonds on the investing public during the war [ note: Part Two of the War For Greater Serbia ]," said Flynn in 1956, "and under the influence of the unending succession of 'crises.' But this obviously cannot last forever." Flynn's warnings were written for his contemporaries, and he could not foresee the ability of the political monopoly ensconced in the District of Columbia to keep this "three card monte" going for two more generations: but his warnings remain absolutely true --
"The day will come when this staggering load of debt must be faced." Flynn's warnings are even more specific than that.
"... it must be kept in mind that all the gaudy performances, all the handouts to the unemployed, all the billions paid to farmers to destroy food", wrote Flynn, "all the extravaganza of 'saving the free world' have yet to be paid for. The depression which Mr. Roosevelt was to conquer has been hiding behind the immense curtain of war and [the] gaudy post-war boom, on the cuff.
"It will one day come peeping over the horizon for a return engagement." That day has come, here in 2005, but it is appearing not over the eastern horizon nor coming from Europe. The demand for payments on bonds and bonded indebtedness is coming from the new economic superpower of The Middle Kingdom. It is coming at the United States from the Marxist warlords of Business China, the corporate fiction which binds together their competing political factions and families.
Worse yet, the warlords of Business China have more than $ 160 billion in profits under the guise of 'free trade,' mostly from dumping the fruits of their economic boom into traffic with Wal Mart and merchants of THE UNITED STATES OF AMERICA. They are in a position now to buy new friends or new weapons or both. By contrast the United States is running a huge deficit as the bloody fiasco in Iraq continues without pause. And these States united are not in a position to buy any friends anywhere, the titular leadership of Bush, Cheney and Rumsfeld is intent on a new round of base closings, thus crippling what's left of the country's defense infrastructure !!
Curiously, the analysis given by Stuart Chase in 1934 appears to be at work in modern Business China, today: they have an integrated system of peasant agriculture, prison industrial labor, private development and high tech piracy, all supported by a rapidly improving domestic transportation network and all of it fronted with coolness and clarity by their new colonial satrapy, the electronic city-state of Hong Kong, Incorporated.
SATURATION OF THE WORLD'S MARKETS MEANS WAR WITH CHINA IS LOOMING
The overwhelming advantage in the credit markets which has now accrued to the warlords of Business China is not something which can be ignored, any longer. Having used their multi-hundred millions of adult consumers as a lure, the Marxist warlords have induced the world-spanning corporations that were protected by the blood and the tears of American soldiers ( for sixty-five years and more ), to set up in China proper. Where these multi-nationals now find that the money they make inside China is going to stay inside China, quite possibly forever !!
For the price of a few millions in campaign contributions during the Clinton, Clinton and Gore era, and for a few hundred million in dollars or Deutschmarks, spent on publicity and lobbying, to get into the World Trade Organization, Business China has reaped an astounding bonanza. Even the most conservative estimate shows that their accumulations from hiring the harlots of 'free trade' must touch the $ 160 billion mark !!
As has been noted by V.K. Durham, the Signatory and CEO of The Durham Trust, what complicates the international financial landscape are these huge accumulations by China, and then enormous amounts of counterfeited gold instruments or gold debentures which are in circulation. The Chinese cannot admit to being swindled on these gold bonds or promissory notes without losing prestige or 'face.' The United States cannot bargain for better rates on selling "Treasury notes" to the international markets with a domestic debt of $ 7 trillion and no end in sight to the Red As Blood deficits of the Iraq war.
Business China is now in a position to buy low and sell high, to force "Treasury notes" off the market or to buy them by the truckload and then foreclose on the United States. The net result of that would be either occupation by Chinese military forces as Tenants-in-Chief or outright warfare, not some penny-ante trade war over junk auto parts and pirated DVDs !!!
And precisely how would the United States under George W. Bush be able to defend its own domestic lands when it cannot stop the flood of illegal immigrants from Mexico, Guatemala and so on ?? How will we defend the coveted mines and western ranches and farms, when hundreds of thousands of the best military forces are chasing the ghosts of Wahabbi Islam or fighting the phantoms of suicide inside the made-up country of Iraq ?
Ms. Durham has made a comprehensive study of the problems caused by the real debts, payable in gold, which remain unresolved from the 1920's and '30s, and a comprehensive study of the thorny problems of gold debentures and speculation based on counterfeits and falsified instruments. She notes that there are many bonds payable in gold outstanding from that era, bonds held by China and issued by the United States. These are debts owed from before the Marxist interlude, debts that Business China must stand good for if they intend to have their external debts resolved ( says Ms. Durham ). And remember -- the unique position of the Durham Trust and its primary claims, dating from 1875 and 1905, makes it the Primary Creditor of these United States of America both under domestic and international trade law. The Durham Trust will not honor claims in gold made by counterfeiters or swindlers or Islamic radical princes.
It will, however, enter into Truth and Reconciliation negotiations with the Marxist Chinese warlords of Business China provided that there is both TRUTH told and reconciliations created, in public, and this means the vindication of the Durham Trust and its methodology.
TRUTH MEANS TELLING THE TRUE STORY OF U.S. HISTORY:
The Durham Trust stands for Truth and Reconciliation and the elimination of debt, both domestically and internationally. As Ms. V.K. Durham has repeatedly stated, in public print and via e-mail communications with leaders of the U.S. Senate, the U.S. House of Representatives, officials at the Securities Exchange Commission, and at Treasury, there are some relatively simple steps to be taken. And when they are taken, and truth is set on the table in a public way, then and only then can true "reconciliation" be pushed forward. Remember, reconciliation is more than a financial term and more than an emotional scene, it is the hard way of counting horses in the corral, and the soft way of guessing the horses running free in the wild. It is about dealing honestly with debt as a commodity and dealing honestly with the true value of the assets and accumulated wealth of the people of these States and of the countries of the Americas.
Ms. Durham, widow of the long-serving OSS/CIA officer Russell Herrman, does not seek some kind of personal glory here, but she does understand that her work and her ambitions for these States united must be vindicated. She is not seeking to displace the Queen of England on the throne of her ancestors, but she does want the Queen -- her distant cousin -- to stop meddling in the internal affairs of this country !!
RECONCILIATION MEANS THE SETTLEMENT OF ALL DOMESTIC AND INTERNATIONAL DEBTS IN GOLD OR GOLD COLLATERAL
Short of outright nuclear war and the destruction of all life in the temperate regions of the world, the Durham Trust proposes solving the debt counterclaims of Business China and the United States by the rational methods of debt-swapping and commodity trades. The United States, observes Ms. Durham, needs to 'graduate' from the middle school of petroleum technologies and gasoline fuels supplied from foreign sources, to a complete reliance on the fuels and energy sources present domestically. The Durham Trust can and will guarantee collateral and financing sufficient to retool every major automobile and truck manufacturing operation in this country to help bridge the gap between 'gasoline addiction' and cleaner fuels. There is one cardinal rule, in this equation: any company or corporation which wants such financing will have to pledge to build its plants here and to hire citizens and legal residents only.
If they don't want to build here, then they can sellout or be bought out by those who will abide by this pledge !!
The Durham Trust is ready and willing -- if its bonafides can be vindicated -- to establish credit and low-cost funding for any and all persons who want to undertake what Stuart Chase called homesteading, in 1934. This is not a step backwards to horse & buggy and subsistence farming but a giant stride forward to solidification of the economic foundations of family life in these American States. Consider it to be a micro-farm in every backyard, and a computer server farm in every community: think of it as being soccer moms with their own organic herbs or produce cooperatives. Think of it as being a fully-funded increase of ten-fold in research and development, made available by democratically elected panels in every sovereign State !!
The Durham Trust will also insist that the Marxist warlords of Business China take steps -- once the debt-swaps are settled and gold bonds exchanged at full value -- to right the wrongs of using prison labor to undercut American and European workers, and to equalize wages on an international scale. V.K. Durham will not actively subsidize labor in China which earns Thirty-five cents an hour when labor in the United States must earn Thirty-five dollars an hour ( wages and benefits ).
The Chinese must equalize their wages and benefits if they intend to compete with honor and dignity in the international arena !!
The analysis of V.K. Durham also shows that there are long-term benefits to be had by China if her leadership will agree to Truth And Reconciliation. Business China is facing an increasingly dire situation with water pollution and contamination of arable soil. The U.S. is now and will remain the world leader in water filtration and soil decontamination, under any such Truth And Reconciliation agreement. We have our own problems to solve, and fair exchange of our technologies at fair prices will work to immediately benefit the Chinese people and keep them from ill health or early death.
The emphasis on development of new technologies in transportation and on energy independence -- domestically -- will also act to reduce the competition on prices for the petroleum and gas that China needs to move its economy forwards. In peaceful trading as equal partners, this can be accomplished. If it comes to war, millions will be killed on either side of the Pacific and billions of barrels of oil wasted in the fighting. Why not build anew instead of wrecking all, everywhere ??
Finally Truth means telling the truth about all the swindles and confidence games and Ponzi schemes of the last one hundred and thirty years. Reconciliation means revoking the laws and the charters which have allowed the Federal Reserve Banking cartel to keep a stranglehold on world financial markets since 1934. The owners of the Federal Reserve Banks are wealthy beyond all the imaginings of any poet of classical Greece or Rome. They will not be required to sell their mansions or their yachts.
They will be required to confess their crimes and to name their conspiracies against the rights of the people of these States, and to forswear and abjure ever pursuing banking or commercial lending, again. Never again. Seventy full years on the gravy train, seventy full years of pillaging the resources of this country and raping the productive laborers and inventors of this country is enough. Many will say it is a level of forgiveness that they don't deserve, but Truth And Reconciliation requires that there be forgiveness after the truth is told, completely.
"To maintain the rich in the style to which they are accustomed requires only a tiny fraction of total [industrial] productive effort. We could pension the whole class for life and hardly feel it", said Stuart Chase in The Economy Of Abundance. He was even more explicit about the nature of abundance in a well-structured and fully-electrified United States:
"Abundance demands no compromise. It will not operate at half speed. It will not allow retreat to an earlier level and stabilization there. Pharaoh did not tell the Nile what to do; the Nile told Pharaoh what to do.
"Technological imperative is impersonal, amoral and non-ethical. Like the Nile, it sets boundaries within which a given culture must operate. The terms imposed by the machine age were onerous to the point of often violating human nature; ther terms of the power age [ i.e., the Economy Of Abundance ] are more generous.
"Machines do not care whom they serve, but they refuse to operate [properly] without a high volume of output; they care nothing about human leisure, but the laws of their spinning are inconsistent with the clumsy interference of the human hand.
"Political democracy can remain ... democracy in consumption will make enormous strides as standards of living are levelled upward; industrial anarchy -- in the sense of each business man for himself, each corporation for itself, must be disallowed. The principles of insurance, savings, investment, will be greatly modified in favor of a collective guarantee of adequate living standards. The margin between the relatively rich and the relatively poor will shrink."
Stuart Chase was not a Utopian, not a fan of fascist oratory or secret brotherhoods like the S.S.of National Socialism. He predicted, rightly, that the socialized capitalism of Franklin Delano Roosevelt's New Deal would fail to erase the Depression. He understood that paying farmers to plow under their crops or not to grow at all was fundamentally a prescription for moral despair and suicide. Chase believed, and stated it clearly in The Economy Of Abundance, that mass production of consumer goods and development of new medicines, medical services and new inventions was the only way that the truly wealthy could ever hope to sustain their own fortunes. He believed that those who sought to keep their money by manipulating credit markets and buying politicians behind the scenes would ultimately come to wreck and ruin.
We are seeing his ideas -- at least many of them -- vindicated after seventy years. The Durham Trust has been created with a clear understanding of these times, and in many ways it can function properly in a world-around Economy of Abundance, for the Trust can conduct debt swapping and capital allocations in an almost unlimited fashion.
The Durham Trust represents, via the vindication of Ms. V.K. Durham and of her late husband, the best possible chance for a rising tide that lifts all boats, now. Not in some mythical future world, but in the hard-shell, brass-knuckles and pistols-drawn world of today, the real world of this time. The Trust is not interested in coddling a few billionaires or arranging fancy-dress balls for the Social X-Rays of Wall Street. It is committed to funding and building and repairing the Elm Streets and Riverwalks and Tin Pan Alley ways of these American States. It isn't about glory, it is about vindication through telling the truth of our true history.
It isn't about revenge, it is about Reconciliation And Truth.