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"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
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Chapter XXI. The Roaring Abysmal Beast - Page 2
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They were taught, and later they in turn taught, that what they were doing was right. They assimilated the aristocratic idea from the moment they began, as children, to receive impressions of the world. The aristocratic idea was woven into the making of them until it became bone of them and flesh of them. They looked upon themselves as wild-animal trainers, rulers of beasts. From beneath their feet rose always the subterranean rumbles of revolt. Violent death ever stalked in their midst; bomb and knife and bullet were looked upon as so many fangs of the roaring abysmal beast they must dominate if humanity were to persist. They were the saviours of humanity, and they regarded themselves as heroic and sacrificing laborers for the highest good.
They, as a class, believed that they alone maintained civilization. It was their belief that if ever they weakened, the great beast would ingulf them and everything of beauty and wonder and joy and good in its cavernous and slime-dripping maw. Without them, anarchy would reign and humanity would drop backward into the primitive night out of which it had so painfully emerged. The horrid picture of anarchy was held always before their child's eyes until they, in turn, obsessed by this cultivated fear, held the picture of anarchy before the eyes of the children that followed them. This was the beast to be stamped upon, and the highest duty of the aristocrat was to stamp upon it. In short, they alone, by their unremitting toil and sacrifice, stood between weak humanity and the all-devouring beast; and they believed it, firmly believed it.
I cannot lay too great stress upon this high ethical righteousness of the whole oligarch class. This has been the strength of the Iron Heel, and too many of the comrades have been slow or loath to realize it. Many of them have ascribed the strength of the Iron Heel to its system of reward and punishment. This is a mistake. Heaven and hell may be the prime factors of zeal in the religion of a fanatic; but for the great majority of the religious, heaven and hell are incidental to right and wrong. Love of the right, desire for the right, unhappiness with anything less than the right--in short, right conduct, is the prime factor of religion. And so with the Oligarchy. Prisons, banishment and degradation, honors and palaces and wonder-cities, are all incidental. The great driving force of the oligarchs is the belief that they are
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