Editing Text:Every Man a King (section)

== Nothing should be held permanently by any one person. ==
But the Scripture says, ladies and gentlemen, that no country can survive, or for a country to survive it is necessary that we keep the wealth scattered among the people, that nothing should be held permanently by any one person, and that fifty years seems to be the year of jubilee in which all property would be scattered about and returned to the sources from which it originally came, and every seventh year debt should be remitted. 

Those two things the Almighty said to be necessary -- I should say He knew to be necessary, or else He would not have so prescribed that the property would be kept among the general run of the people, and that everyone would continue to share in it; so that no one man would get half of it and hand it down to a son, who takes half of what was left, and that son hand it down to another one, who would take half of what was left, until, like a snowball going downhill, all of the snow was off of the ground except what the snowball had. 

I believe that was the judgment and the view and the law of the Lord, that we would have to distribute wealth ever so often, in order that there could not be people starving to death in a land of plenty, as there is in America today. 

We have in American today more wealth, more goods, more food, more clothing, more houses than we have ever had. We have everything in abundance here. 

We have the farm problem, my friends, because we have too much cotton, because we have too much wheat, and have too much corn, and too much potatoes. 

We have a home-loan problem because we have too many houses, and yet nobody can buy them and live in them. 

We have trouble, my friends, in the country, because we have too much money owing, the greatest indebtedness that has ever been given to civilization, where it has been shown that we are incapable of distributing the actual things that are here, because the people have not money enough to supply themselves with them, and because the greed of a few men is such that they think it is necessary that they own everything, and their pleasure consists in the starvation of the masses, and in their possessing things they cannot use, and their children cannot use, but who bask in the splendor of sunlight and wealth, casting darkness and despair and impressing it on everyone else. 

"So, therefore," said the Lord, in effect, "if you see these things that now have occurred and exist in this and other countries, there must be a constant scattering of wealth in any country if this country is to survive." 

"Then," said the Lord, in effect, "every seventh year there shall be a remission of debts; there will be no debts after seven years." That was the law. 

Now, let us take America today. We have in American today, ladies and gentlemen, $272 billion of debt. Two hundred and seventy-two thousand millions of dollars of debts are owed by the various people of this country today. Why, my friends, that cannot be paid. It is not possible for that kind of debt to be paid. 

The entire currency of the United States is only $6 billion. That is all of the money that we have got in America today. All the actual money you have got in all of your banks, all that you have got in the government treasury, is $6 billion; and if you took all that money and paid it out today you would still owe $266 billion; and if you took all that money and paid again you would still owe $260 billion; and if you took it, my friends, 20 times and paid it you would still owe $150 billion. 

You would have to have 45 times the entire money supply of the United States today to pay the debts of the people of America and then they would just have to start out from scratch, without a dime to go on with. 

So, my friends, it is impossible to pay all of these debts, and you might as well find out that it cannot be done. The United States Supreme Court has definitely found out that it could not be done, because, in a Minnesota case, it held that when a State has postponed the evil day of collecting a debt it was a valid and constitutional exercise of legislative power.