Sunday, July 8, 2007

When the great war began, the nations of Europe were thus waist



deep in debt, the total amount of national bonded indebtedness
being about $30,000,000,000, or nearly three times the total
sum of actual gold and silver, coined or not in all the world
When the great war began, the nations of Europe were thus waist
deep in debt, the total amount of national bonded indebtedness
being about $30,000,000,000, or nearly three times the total
sum of actual gold and silver, coined or not in all the world.
A year of war at the rate of $50,000,000 to $70,000,000 per day
has increased this indebtedness to nearly $50,000,000,000, the
bonds themselves rated at half or less their normal value,
while the actual financial loss through destruction of life and
property has been estimated at upwards of $40,000,000,000.


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