p. 5 | Universal Monarchy of Wealth

Pacific Press Publishing Company · Oakland, Cal. · Dec 16, 1903

FromSigns of the Times, Vol. 29, No. 50.

Universal Monarchy of Wealth

The "Universal Monarchy" of wealth holds the nations in bondage by the slavery of debt, bond, and mortgage. More than thirty thousand millions of dollars ($30,000,000,000) are due to its moneyed masters by the nations. The world's stock of gold is only five thousand millions ($5,000,000,000), while the interest on this vast incubus of debt at four per cent is over twelve hundred million dollars, one-fourth of all the real or standard money in the world. Year by year the nations of earth, or the producers among the nations, pour into the ravenous maw of this monster of greed one billion two hundred millions of dollars of interest. What a mighty burden it is! Most of it was caused by war and strife.