Last month I transcribed a long passage from Henry Wallace’s 1948 speech on inflation. It’s time to add a second section. Wallace saw the development of PERMANENT CRISIS as the guarantee of permanent monopoly by the Men Of Monopoly.
Again, here’s the speech itself in mp3 form.
= = = = = START WALLACE first section:
Inflation, what you and I call the high cost of living, isn’t something that just happens like the weather. You can’t do anything about the weather, but you can about inflation.
[INSERTION: NOTE THAT “GLOBAL WARMING” HADN’T BEEN INVENTED YET. FDR’S HISTORIANS AND SCIENTISTS WERE HONEST ON THIS SUBJECT.]
Inflation is not accidental. It was manmade. It was made and forced on us by the Men Of Monopoly, acting through their agents the Republicans and Democrats, and there is something we can do about it. We can end it. Inflation, which is a daily horror to housewives, small businessmen and farmers, is a profitable venture for the monopolists. Indeed it is the most profitable venture in all history. The profits taken out of our wallets have given the meat trust and the steel trust more money than they ever made during the war.
Yes, the Men Of Monopoly wanted inflation. They planned for inflation and they
got it. How did this all come about?
We drove the monopolists, the moneychangers, out of the temple in 1933, and with them the whole view that government is run for the few.
In 1940, when the nation was in danger, these same men, who had always fought
FDR, began a comeback. They had the gov’t and the people over a barrel, and they refused to produce except on terms they dictated, at profits they demanded.
The present high prices began in the profits of 1940-41. Under FDR we held them in check. We imposed controls on the Men Of Monopoly, and these controls worked. We held the line on prices and profits, but the Men of Monopoly were there all the time. Waiting. Waiting.
And when FDR died, they saw their opportunity and they moved in. They moved in on Harry Truman and he welcomed them.
The representatives of the Men Of Greed were his first visitors after FDR’s death. I recall on the train, coming back from Hyde Park where the president had just been buried. Truman’s first callers were Edwin Pauley and George Allen, the errand boys of the big corporations.
A month later Herbert Hoover was called in. The Engineer of the Great Depression helped engineer the about-face in FDR’s policies. Cabinet shifts were made. The men who had stood firm for FDR’s policies were the first to go. The Harrimans, the Snyders, the Forrestals of Wall Street, took over and with them came the policies of Wall Street. With them came the policy of gov’t on behalf of the few, gov’t against the people.
The Roosevelt program of controls by the people on behalf of the people went out the window. And the Hoover Truman Dewey policy of control in the hands of monopolists for the benefit of monopolists, came in.
The Democrats and Republicans competed with each other in their zeal to serve monopolists.
Truman hastened to announce that the war was officially at an end for the corporations.
[INSERTION: This was clear in the auto and electronics industries.]
In that simple act he turned over to the corporations 2 billion dollars in tax refunds in 1945. But for you, the end of the war did not mean an end of taxes. You are still paying wartime taxes. With the enthusiastic cooperation of Hoover and Vandenberg, Truman gave corporations every break.
The Truman Hoover Dewey Men Of Greed killed OPA by easy stages. They took off the controls until there was no protection for ordinary Americans. The steel trust, the real estate lobbies, the food trust, and the milk gang, were reporting profits
higher than ever before. To us this meant we could not build a new home. We could not afford a second-hand car.
Inflation is the work of the Men Of Monopoly and their agents Truman and Dewey.
No amount of name calling by Harry Truman at this late date can change the record, that at every turn he served monopolists against the people.
= = = = = END WALLACE first section.
Here’s another part of the speech, which strikes me as especially relevant at the moment.
= = = = = START WALLACE second section:
To keep an inflation going, you have to give it greater and greater shots in the arm. The gluttons found their answer in the Cold War, an armaments economy. They found their solution in what Dewey glibly calls ‘waging the peace’.
Barrons, leading journal of big finance, pointed out the way back in 1945.
“An armaments boom is the only alternative to a decline in business”.
Barron’s forecast became official policy. Early in 47 and again in 48, prices began to sag. The commodity market declined and the dread word Depression appeared in the business pages. [DOES THIS SOUND FAMILIAR?]
It was at this strategic moment that the Red Menace was conveniently discovered in Greece. It was at this point in history that the Truman Doctrine and the Marshall Plan and an armaments economy were put over on the people to increase the profits of the few at the expense of the many.
They invoked the frightening word CRISIS whenever it suited their purpose. They wheeled in another Red Danger whenever it was needed to justify a new multi-billion expenditure for their cold war.
But we who lack housing, we who are forced to cut down on meat and milk and clothing, we are robbed twice. Once at the grocery store and a second time through taxes. We are forced to pay for armament.
The real answer lies in the opposite direction. There can be no real reduction in prices until we end the suicidal plunge toward war.
= = = = = END second segment.
The Red Menace disappeared in 1990 when the Men Of Monopoly were briefly in control of Russia through Soros and Jeffrey Sacks. It magically reappeared after Putin broke out of our control.
Now we have many colors of Menace, plus various Color Revolutions sponsored by Soros. Bush gave us multi-colored alerts for RadicalIslamicTerrorism, which didn’t seem to have a color of its own. Trump was installed to provide an internal Orange Menace. He redoubled the orangeness by installing Bush’s Orange Witch Virus as the ultimate all-consuming color menace, “justifying” the ultimate all-consuming crime against humanity and the ultimate infinite profit for the Men Of Monopoly.
Meanwhile, back at the Trans Babies Ranch, Deepstate’s “opposite” side is busy fighting the Rainbow Menace.
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