WCF Courier, Sunday, October 19, 2008 6:16 AM CDT

Read about another swindle

JERRY BAKER

CEDAR FALLS --- My residence in Cedar Falls, is in a "financial district." It's next door to the Lincoln Savings Bank, half a block from both the US Bank and the Cedar Falls Credit Union, and a block from the Liberty Bank and Wells-Fargo.

In 1917, my mother's boy friend was her cousin Willie Simon. He was apparently not related to the William Simon that was U.S. Treasury Secretary during 1974-1977.

However, he was related to my mother's uncle John Schmidt, who, in 1917, was President of the Elliott Savings Bank in Montgomery County, near Red Oak. All three of them were related to Orlando Schorr, who later became President of a bank at Batesville, Ind.

Willie Simon was drafted into World War I, and my mother married Leo Baker in 1930.

Just before the United States entered that war, our politicians bailed out the Wall Street bankers, reimbursing them for huge, unsecured loans to European governments. Those governments had spent the money for U.S.-made war materials. U.S. taxpayers got their worthless IOUs.

Discussion about the swindle was suppressed by professionally organized pro-war demonstrations, propaganda hoopla about "freedom" and "democracy," and "sedition" laws to imprison anyone who told the truth.

One man, Richard F. Pettigrew, courageously defied the federal sedition law, and made the Feds back off, from prosecuting him.

Read about it, on Pages 373-387, of Pettigrew's classic book, "Triumphant Plutocracy," For an online version, Google "Jerry Baker triumphant plutocracy."

For my blog, Google "Reykr."


http://www.wcfcourier.com/articles/2008/10/19/opinions/letters_to_editor/10688121.txt

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This is a link to the online version of "Triumphant Plutocracy":

http://books.google.com/books?hl=en&id=JULLSNa-aLEC&dq=pettigrew+triumphant+plutocracy&printsec=frontcover&source=web&ots=qDrPja-BKb&sig=xVVq9OnUz1hsrQv-Q8RkG44uoaU&sa=X&oi=book_result&resnum=1&ct=result

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"Thought For The Week," just posted today, by Roger Darlington, a British blogger:


“In a time of universal deceit, telling the truth becomes a revolutionary act.”
British writer George Orwell (1903-1950)

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