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" "That consecrated combination of private interests and public plunders.
Sir Oswald Ernald Mosley, 6th Baronet (November 16, 1896 – December 3, 1980) was a British politician principally known as the founder of the British Union of Fascists.
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The declared object of deflation was the restoration of the gold standard at pre-war parity. Its actual effect has been to create unemployment by the restriction of industrial credit. By the lever of unemployment it has forced down wages and has thus facilitated the return to gold through the reduction of prices. An incidental effect has been to transfer purchasing power from the workers, whose wages have been reduced, to the bondholders, whose interest has remained the same. It has also doubled the real burden of Debt since 1920, and was largely responsible for the mining lock-out last year, by the reduction in terms of sterling of the money which we receive for coal sold abroad. Deflation, in fact, has been responsible for a sinister catalogue of disasters which can be substantiated in detailed argument that has never yet been rebutted.
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Living financially and economically on American charity, selling up the house to the Yanks when he won't pay any more charity out. Are you content to be occupied and protected by American aeroplanes? Are you content to be in the position of an old woman, jipped by her young relations? You who were the greatest power on earth fifty years ago, and still can be! Why do I say, 'you still can be'? Because, my friends, I know you, I know the British people! I know that twice in my lifetime in the world war I fought in, in the world war the younger men fought in. We the British have put our effort, our energy of valor, of heroism, unequalled in the history of mankind.