What should American labor leaders do?
American labor faces the greatest challenge ever. Its achievements on the wage front and on the pension front are at stake, due to inane government policies of destabilizing the rate of interest, causing an unprecedented destruction of capital, in particular, destroying the capital of pension plans. If the labor leaders want to preserve the achievements the labor movement, they must address the root cause of the problem: the regime of irredeemable currency. Interest rates can be stabilized and pension plans can be saved only through outlawing of the irredeemable dollar. We are currently on a course that will result in the destruction of pension funds. If not wiping them out altogether, the irredeemable dollar will drastically reduce the pension rights of the workers. This is a wake-up call. The unions must act now and demand that the Supreme Court of the United States declare Federal Reserve credits and notes unconstitutional. The manner in which these are presently issued is the root
