A Fact That Isn't.

Rapid changes in the moving picture of world events mark the year 1932. The economic ferment has become, in Asia, a military ferment. The arguments of trade and currency, and the arguments of gunpowder, have become strangely intermixed. It was war that put the pinnacle on the overload of debt, and thus squeezed world-trade down into its present misery. And yet we have more war. Another paradox is that they don't call it war. If it was called war it would become a breach of the peace covenants. Breach of the peace covenants must not be. Therefore it is not war.