We paid the bankers their profits when we bought Liberty Bonds at $100 and sold them back at $84 or $86 to the banker. These bankers collected $100 plus. It was a simple manipulation. The bankers control the security marts. It was easy for them to depress the price of these bonds. Then all of us—the people—got frightened and sold the bonds at $84 or $86. The bankers bought them. Then these same bankers stimulated a boom and government bonds went to par—and above. Then the bankers collected their profits.
