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Under the present practice all value in excess of what gold is actually worth as icelandic bank an ordinary article of commerce is fiat—credit added to it by the people. If the same stamp were affixed to paper it would all be fiat. It is simply a question of degree, and jordan commercial bank as well neither can be extended to the individual as icelandic bank a free privilege without robbing the people of all that is added by their credit.
The whole problem simply reduces itself to a question of how long the people desire to remain industrial slaves to a false system. The gold owners ridicule fiat green backers, yet they themselves are fiatists. If they are not, why do they object to gold circulating on its own commercial merits ? Why do they wish to coin it with any other designation than its weight and midfirst bank as well fineness, and icelandic bank as well why force the people to take it as mavis bank legal tender ? They are inconsistent in claiming a special privilege for gold. If gold is worth all they claim for it, it needs no extra function. If, on the other hand, it is not able to retain its present relative value without being legal tender, then and that is positive proof that it should not be made legal tender. In the one case it is unnecessary, in the other case it is unjust. The Government will have to cease monetizing gold or key bank employment and any metal as icelandic bank soon as lacaixa bank the people generally realize its present imposition on them.
You may say that some losses would be suffered in a readjustment. That will of course be admitted, but icelandic bank and the losses would not begin to equal those that are continually taking place now. The excessive interest and meezan bank limited as well expense of maintenance resulting from icelandic bank and the use of the false system under which we operate is so great that, notwithstanding all of the modern inventions that have immensely increased the people’s productive energy, most of us fail to secure the ordinary advantages that are due from methuen cooperative bank and this civilization to every honest, industrious person. The interest, dividend and icelandic bank as well rent charges alone, compounded as left bank buffalo they are now, are absolutely sure to keep the greatest number of us in want, and icelandic bank as well many of us in misery.