Tag Archives: real currencies

Socialism Is Not The Answer To Capitalism

26 Nov

Cross-posted from Anthony Migchels’ Real Currencies:

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(Left: the deeply troubled Karl Marx was used by the Banking Fraternity to create the evil dialectical twin to Capitalism, for the purposes of organizing the opposition and directing history)

Capitalism redistributes from the many to the few. It is a global monopoly in private hands.

Socialism then goes on to claim private property is the problem. It says this will be solved by nationalizing it. It is a monopoly in State hands.

But what good does it for the poor if the wealth is transferred from the rich to the State? Especially when we consider that the extremely wealthy have always owned the State? It is for that reason they financed Marx and the Bolshevist revolution, after all.

Capital intends to consolidate its private monopoly in State hands, in a World Government.

The problem is not private property. The problem is too much private property in too few hands. The problem is the ongoing redistribution of the private property of the many into the hands of a few. By the creation of artificial scarcity and associated high prices by Monopoly.

And the mother of all monopolies is the monopoly of money. As long as the Plutocracy can control the money supplies of the nations with its global Banking Cartel, and tax it with Usury, which is paid by the poor who need to borrow to the rich who lend, and which globally redistributes up to 10 Trillion per year to the very richest, we will never have either Justice, or Freedom.

Interest-Free Credit Now!

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And here is an excellent TEDx talk by Jem Bendell on the problems of our money and the coming revolution in alternative currencies.

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Our Chains Are Forged By Usury

31 Jul

Cross-posted from Forbidden News, this article by Anthony Migchels, inventor of the Netherlands’ “Gelre” alternate currency, and author of the Real Currencies blog:

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Usury is the original sin and the root cause of all our economic and political problems.

The truth is we have everything we need to create an interest-free money supply. An usury-free economy ends poverty and saves our souls in the process.

The love of money is the root of all evils. Usury is the weaponization of money love. It feeds the avarice of the usurer. It forces ever more debtors into ever more immoral behavior. It replaces love with commerce. It corrupts commerce, which becomes ever more exploitative. It rips apart the fabric of society and makes a mockery of any kind of social contract.

Billions of people live in abject poverty all over the world because of it. Entire communities, nations are gutted to pay the interest to the opulent. Nobody counts the billions dying prematurely from its effects.

Poor countries pay ten times more interest on their foreign debts than they receive development aid.

Even when not in debt, forty percent of our income is lost to interest passed on in prices by producers. The many pay anywhere between five and ten trillion per year to the wealthy. All other rents ultimately are based on cost for capital and would hardly exist without usury.

It is the ultimate centralizer of power and it is global. It has been growing at a compound interest rate for centuries, and now this incredible cancer is ready to devour the host body.

The European nations put up $4.5 trillion in handouts, easy credit and guarantees to ‘save’ their banks and the euro. The Fed provided an unimaginable $16 trillion dollars in easy credit to its banking buddies. Much of it was never repaid. This is ‘necessary’ because without banks we would not have money. So the West put up $20 trillion to have some bits and bytes and paper and coins circulate to exchange goods and services.

Surely the end of our civilization is near when we allow such rapacious plunder while there is no money to save the poor from starvation and the Earth from pollution.

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SENSELESS

We think: “without interest there will be no credit! I would not lend if I didn’t get anything back.”

But the Money Power doesn’t lend anything!

Money is just bookkeeping and credit is an automatic result of double entry bookkeeping, which by its very nature knows debit and credit.

The problem is not the creation of money! Quite the opposite: it’s marvelous that we never need to have a shortage of money.

The problem is when the bookkeeper starts raping the debitor with interest for no other reason than the associated minus. And takes all this interest himself. Just for the service of bookkeeping!

We pay $300k in interest in thirty years for our $200k mortgage which was created by entering some numbers in a computer bookkeeping application!

GOLD SOLVES NOTHING

We don’t want to pay $300k interest in coin! We want bookkeeping at cost-price! Interest-free!

Even in ancient times Gold and Silver were circulated by private parties. This is touted as a wonderful free market operation. But who circulated the specie? Those owning the mines, of course!

They circulated the metal by lending it out at interest and manipulated the volume from day one.

Today, nobody knows how much Gold there is. All the Gold mines are owned and controlled by the Money Power. Those owning the mines are the Money Power, that’s how it all started. Vast amounts of Gold are in their vaults, ready to be unleashed onto the market through usurious lending, aiming to create asset bubbles, only to stop lending a little later to create a deflationary crash when people pay off their loans.

It is exactly the same way they create the boom-bust cycle with paper based money.

Just look at what they are doing to Gold today. They have been doing this forever.

The Golden Calf is the archetypal symbol of avarice; the Money Power is unthinkable without it.

WE WANT INTEREST-FREE MONEY

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Jesus admonished us to lend freely, expecting nothing in return. The Vedas abhor usury. Moses forbade it. Half of the Q’uran is Allah threatening severe punishment for those taking Usury.

Money is bookkeeping. We don’t need interest for savers. The bank doesn’t need savers. Debit and Credit are the two sides of the coin in bookkeeping. They are automatic.

Yes, the volume must be managed, but that is unavoidable. No monetary system can exist without managing volume. The problem is not management; it is allowing vultures to do it.

The reason we have a boom-bust cycle is because we allowed private parties, banks, to manage the volume in their own interest. They set up Central Banks to create the illusion of ‘officialdom’.

Saying ‘the market must do it’ is saying the Plutocracy has been doing a good job over the last 5000 years.

We want interest-free mortgages, no income tax, no poverty. We want abundance, good will, a cultural rebirth, fairness and an end to Plutocracy.

Kill Usury!

 

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