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England on the brink of bankruptcy warned by banker
Charles C. Fisher told Group 2 of the Maryland Bankers Association that England is near national bankruptcy under 45 years of gradual socialism. He warned of a move toward a totalitarian state, with Labour control of major industries, high taxation, rationing, and loss of freedoms. Fisher argued Churchill and the Conservatives cannot reverse the trend, urging cuts in social services and government expenditure. The talk covered Labour origins, welfare state growth, and the looming two party system collapse.
MENTIONED IN THIS ARTICLE
England
Churchill
Charles C. Fisher
Westminster
Maryland Bankers Association
Fisher
Labor Party
Mr. Fisher
Fabian Society
George Bernard Shaw
H. Laskey
Liberal Party
House of Commons
Lloyd George
Labor
Ramsay McDonald
National Bank
United States
Hitler
Church Hill
Beyan
Attlee
Ehureaus
Sil
Bevan
Samuel P. Cassen
Maryland Banking Association
Charles A. Piper
Association
M. H. Reese
John A. Johnson
Baltimore
The
Federal Reserve Bank
W. H. Kirkwood
J. B. Hespelhorn
Ange