knows, further,
that his $10,000 cannot be expanded nor contracted, nor its relation to
any of the other money of the people which is in circulation altered
without his knowledge, because he knows such changes cannot come about
except through the Government. I say he knows this--he has every right
to believe he knows it--but, in fact, it is not so, because of the
working of the secret financial device of the Private Thing. At this
stage enters "C," the Private Thing.
"C" purchases with $3,300 ("B's" money) which he borrows from _The
Bank_, a copper-mine, depositing the title which he receives from the
seller with _The Bank_ as collateral for the $3,300. After purchasing he
arbitrarily calls the copper-mine worth $10,000--arbitrarily because
his act is not controlled nor regulated by any of the laws of the
land--arbitrarily because the actual cost, $3,300, is his secret and his
alone. Then, arbitrarily, "C" organizes his $3,300 of copper property
into the Arbitrary Copper Company, and issues to himself a piece of
paper, which he arbitrarily stamps "10,000 stock dollars." This he takes
to _The Bank_, and by loan or other device exchanges it for the
remaining $6,700 belonging to "B," and thereafter "C" conducts his
affairs on the basis that he is the possessor of $6,700, his "made
dollars" in the transaction. At this stage there is actually in use
among the people $16,700 where "B," the legitimate factor, and his kind,
the people, suppose there is but $10,000--$10,000 which is recorded,
known and legal, being used by the legitimate factors, "B" and _The
Bank_, and $6,700 which is unrecorded and unknown to any but "C" and
_The Bank_, being used by the illegitimate Private Thing "C."
Right here is the secret device, the financial trick, by which the
greatest power in the land has been created, and by which the people can
be absolutely plundered of their savings for the benefit of the few.
At this stage the two-thirds of "B's" $10,000, of which he later is to
be plundered, has not been actually taken away, so he cannot possibly
have any evidence yet of the process of pillage which has been begun, or
that the volume of money which he supposes is all that exists has been
tremendously expanded. The next step is where "C" sells his $3,300,
stamped "10,000 stock dollars" (which, as already shown, he has
exchanged with _The Bank_ for the $10,000 deposited by "B"), to "B" for
$10,000, which $10,000 "B" withdraws from _The Bank
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