Dear Sir,

War is an extremely lucrative business for banking in the new world order: loans for destruction, loans for reconstruction, loans for controlling people. In other words, “The New World Order”.

What is also important is to have belief in the rule of law and the absolute right of individuals to challenge in court action taken by their government, employers, unions, etc. In Bermuda, there have been many mistakes “priming the pump”.

Many of our leaders — United Bermuda Party, Progressive Labour Party, unionists and employers — have invented crisis, then worked secretly to instil fear in the people that they control. It is not difficult to set up and control your own opposition in any organisation.

In this way, leaders can make changes favourable to them.

“In this country we have (what appears to be or characterises) one of the most corrupt institutions the world has ever known, the Fed Reserve Board.

“They are not a government institution, they are private monopolies which prey upon the people of the United States for their own benefits and for the benefits of foreign customers (in the dark crew of financial pirates, there are those who would cut a man’s throat to get a dollar out of his pocket).”

These words were not spoken by a raving fanatic on a soapbox in Pershing Square, a deranged idiot on a psychedelic trip or a frustrated member of the working-class representative, but by none other than Louis T. McFadden, who for more than ten years served as chairman of the United States House Committee on Banking and Currency. He was in a perfect position to know the facts. Bankers have been known as private money manipulators throughout history.

RAYMOND RUSSELL , Pembroke