It was said nearly a century ago, even if at the time, Douglas was referring to politics in America and Britain:

“So far as can be seen by the unprivileged observer, Mr. Hoover has not so far given to Wall Street any serious grounds for anxiety, although his endorsement of higher tariffs is no doubt offensive to international finance, which is quite clear in its own mind that the only desirable tariffs are those which are imposed by itself through the medium of the exchange rates.

Mr. Hoover has, however, at least two more years of office, and, if we might venture to give him a hint, that is all the time at his disposal to prove whether he or the bankers rule the United States. If the bankers should be proved to have made their claim good, not only will the cause of economic freedom have received a setback, but Mr. Hoover himself will have lost an opportunity such as is rarely afforded even to Presidents of the United States.

If the situation in America has been correctly appreciated in the preceding paragraphs it contains a lesson for us in this country. The strategy of international finance is, like all great strategies, based on a few simple principles, and these principles are repeated again and again.  The Labour Party in this country has been put into office in order to be discredited, the Liberal Party, which is predominantly financial, and notably Jewish-financial, in its interest, being put into a position to turn it out at any moment of crisis, and to put back our own Coolidge, Mr. Baldwin, for a fresh period of “tranquillity.”

Suppose, for instance, that the Snowden Committee on Finance and Industry were really to grapple with the causes of the social and industrial decay in this country. Then the Liberal Party would be instructed to turn out the Labour Party, and the Report of Mr. Snowden’s Committee being the report of a discredited Government would be pigeon-holed by their successors, who would be subconsciously aware that their only chance to retain the loaves and fishes would be to leave the question of finance severely alone.

Discredit The Idea: Changing Government an Effective Remedy for Our Troubles
The deduction to be made from these considerations is clear enough. Every effort ought to be made to discredit the idea that a mere change of Government is an effective remedy for any of our troubles. As I am always willing to admit to anyone who is interested in so unimportant a matter, my political sympathies, if any, are Tory, possibly because there is no Tory Party in this country. But any small influence which I might have at the present time would be devoted to keep the present Government in power, simply because it is the present Government, and for no other reason.

Every change of the ostensible Government is a success for the real Government, Finance, which is the deadly enemy of this country, and it is our business to cultivate the form of neutrality in regard to ostensible Governments which was expressed by the American in the early part of the European War when he said that he was so neutral that he didn’t care who licked Germany.

One further observation on this situation.  As Lords Beatty and Jellicoe have just told us, the naval strength of this country is on course of being reduced to a point which will ensure disaster if and when this country is attacked at sea. This reduction is not made because we cannot build the necessary ships. Our ship-yards are idle, our steel furnaces are unlit, our men are sick for lack of work. It is because - God help our poor turnip heads - we have no paper-tickets - “money.”...”

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