What is implied by the following US Bankers Magazine article excerpt:?

Question

USA Banker's Magazine, August 25 1924 - "Capital must protect itself in every possible manner by combination and legislation. Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

Answer 1

The Golden Rule... He who has the gold, makes the rules.

Control of the money supply means control of all it touches, i.e a mortgage on a house means the bank owns the deeds till all of the capital and interest is repaid. Interest rate goes up, you miss a payment, bank forecloses - they own the house.
Not a bad profit for a bit of bookkeeping.
The date of the article is interesting... as mass forclosures happened in the great depression... banks made a killing off the back of people losing thier job.

As for the politics... what has more influence on your daily life... the slightly left/slightly right party in government, or how much money you have left to spend after the rent/mortgage/expenses?

Brilliant excerpt, well found.

Answer 2

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Answer 3

i think of this central probable did extra to enhance prejudice and racial stress than the scholars did. Freedom of speech is a tricky subject. It would not disguise any style of hate or prejudicial expression, and faculties have somewhat a impressive style of leeway to be certain what's authorized and what isn't. If the scholars wore the flag T-shirts as an overt expression of anti-Mexican sentiment (it rather is obtainable; you won't be able to tell from the tale) then it became ideal to kick them out. yet while they only happened to tug them out of the drawer that morning, and if it became alright to positioned on them on the different time, then the central made a mistake with the aid of calling interest to it. Had he left it on my own, it probable might have been handed over. If Mexican scholars have been disappointed with the aid of it, a peaceful communicate and polite request to alter outfits or say sorry might have defused the situation. Mexicans and Canadians interior the U.S. are unfastened to positioned on symbols of their own worldwide places on the fourth of July. which could artwork the two techniques, as long as there is not any implied racism.

Answer 4

seems a bit strange, you would expect this to lead to revolutsion, 4 meals and all that.

Answer 5

they want people out on streets as quick as possible to get money back and then win their vote is what i gathered from it.