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Meet the Real Deal: Michael Hoffman on ‘Usury in Christendom’

by on January 17, 2013

Michael Hoffman is undoubtedly one of the leading thinkers on the Money Power. His analysis of Talmudic, Rabbinical thinking is brilliant. To see him now come out with all guns blazing against Usury is really very good news for all anti-Usury activists out there.

Hoffman does not mince words, is a formidable academic, is keenly aware of both the Jewish aspect of the Money Power and how it destroyed Catholicism and the papacy and does not fear stating God’s case short and simple as it is. In short: he’s our man.

His site is ‘On the Contrary’ at and his latest book is called ‘Usury in Christendom’ and is a virulent attack against Usury, the Money Power and ‘Christians’ going along. He is forceful, scathing, to the point and incredibly well informed. Below you’ll find a short presentation by him on his latest book, including a transcription of his most vital points.

But I certainly want to highlight this familiar point that Hoffman makes: ‘…freedom from interest on money, is essentially the battle for freedom from the Money Power’. This is the key message. The Money Power rules through control of the money supply and its main tool of domination is Usury.

All the pundits out there that ‘valiantly battle the NWO’, but either ignore or deny this are just fools or worse. This is one of those lithmus tests that immediately show you who know and who don’t.

Since Hoffman, in the video below, doesn’t mind taking a direct shot at Thomas Woods and the von Mises institute, I’ll also add this: exposing Usury and Usurers for what they are in itself is a pleasant task when it comes to people like Bernanke, Rothschild, Trichet and the like. Everybody hates them.

But since the ‘Alternative Media’ is dominated by Libertarians, we have shown discomfort in being associated with them too and this has not always generated the same kind of sympathy as when we play a little with the bankers themselves.

But if you consider the truth as so powerfully put forward by Hoffman in his book, and you compare this to what Gary North has to say about interest and Christians, clearly something big is going on.

Here’s how Gary North summarizes his findings on usury in the Bible in his massive 20 volume ‘Economic Commentary on the Bible’
“I have good news and bad news. It is OK to deposit money in the bank and earn interest. That’s the good news. It is unwise to borrow money to buy anything but investments and to meet emergencies. That is bad news for most Christians.”

So Gary North simply says you can rape your brethren with usury, but you are sinning if you are allowing yourself to be raped.

This is the typical, purely satanic great turn around. Blaming the victim and whitewashing Usurious Usurpation.

It is not important that Thomas Woods is a nice guy. It is not important that Gary North’s ‘grumpy old man’ persona is really funny.

What is important is that these men are consciously lying from highly paid positions, and not only about usury. They are usurers, liars, hypocrites, thieves and enabling murder, just like the idiots of the Mainstream. They are our enemies. And yes, when we aim to serve Christ we must love our enemies. But love comes in two kinds: soft love and tough love. Tough love is when you discipline your child when it is damaging stuff or endangering himself or others. Here’s some tough love by Jesus, when dealing with the Pharisees (Matthew 23):
 13 But woe unto you, scribes and Pharisees, hypocrites! for ye shut up the kingdom of heaven against men: for ye neither go in [yourselves], neither suffer ye them that are entering to go in.
14 Woe unto you, scribes and Pharisees, hypocrites! for ye devour widows’ houses, and for a pretence make long prayer: therefore ye shall receive the greater damnation.
15 Woe unto you, scribes and Pharisees, hypocrites! for ye compass sea and land to make one proselyte, and when he is made, ye make him twofold more the child of hell than yourselves.

Is it reasonable to quote this in a ‘normal, rational debate about economics’? It is very reasonable. Economics has been hijacked by Money Power agents of many persuasions, and they have turned it into a soulless pseudoscience dealing with scarcity. But it is in fact the simple, yet sacred, science of tapping into God’s abundance by sharing it equitably. And Usury is not part of that plan.

I’m not one to say ‘the Bible is the word of God and that’s the end of it’. The Word is the Logos and the Logos is within us all. Or better: we are all within the Logos. The Logos has different words for the same things in different eras for different people and the 21st century needs its own paradigms describing equitable sharing, just as we no longer are satisfied with Genesis 1 to explain the creation of the Universe.

But the simple truths when it comes to economics are still the same as back then in Jesus’ time, and it’s a sacred science, that’s why the Bible and other holy books talk so much about it. They all condemn Usury as a mortal sin. People, ‘economists’, explaining Usury is grand are heretics keeping people from the path. When they parade as Christians, they must be exposed. Just as when we patiently, yet vehemently, oppose their false ‘theories’ explaining how Usury benefits everybody in the long run.

We’ll have to stick to tough love. People keeping the Kingdom from us by explaining us that theft through Usury is no longer theft are both heretics and pseudo scientists.

I, for one, am relieved to find myself in the camp of such a powerful Christian, philosopher, historian, theologian and economist as Michael Hoffman.

Debunking Tom Woods’ “Catholic” Austrian economics
What Gary North is not telling you about Interest

Here’s a short presentation by him on his main points:

And here are just a few of his points transcribed for those who hate looking at a 33 min video when it can be read in two (although you’d miss his very powerful presentation):

Cicero equated usury with murder.

Usury is interest on money, not ‘excessive interest’, which is the modern Orwellian Newspeak for Usury, but interest on money as it was always defined, until the Money Power got in control and then falsified it.

Interest on money was condemned as a mortal sin. It was put on a level at least as theft and sometimes compared with murder. And this was the consistent opinion of the church for at least the first millennium.

What we’re dealing with here is gradualism. There is no way the Money Power could have come in a truly revolutionary manner, at least until it captured the papacy. Once it captured the papacy, then you began to see the footprints of the revolution…..And then you came at the papacy of Leo X, the first of the Medici popes, and only then did you see this revolutionary gnawing away at Usury laws.

Nowadays you have these so-called ‘Catholic libertarians’ like Thomas Woods who openly say Usury isn’t a sin.

This redefinition of Usury as ‘excessive interest’ is necessary for our modern mentality, which is immersed in money-getting, and in greed, it’s a part of all of our lives, it’s woven into our corrupt society, it’s the root of all evil, and we can’t even conceive of a society that says ‘interest on money’, the breeding of money from money, is a mortal sin that will damn your soul to perdition.

Jesus said in Luke 6:35 to lend freely, expecting nothing in return.

The exception in the Old Testament (on Usury prohibition) is because interest on money is so destructive, so damaging, so predatory, that God said you can use it against His enemies.

If we are deceiving ourselves, it is because we need to deceive ourselves. It’s because our lively-hoods depend on interest on money. Or because we believe greed is a lesser sin than lust.

……when we are conspiring with priests, and preachers and ministers and popes in deluding ourselves into believing that there is some greater evil than the Money Power. If there is a greater evil than the Money Power, than the Bible is lying.

To say that the Money Power is at the very top of the evils that we need to work against basically overwhelms people. They want something else to fight.

Christians would be flabbergasted if there was a whorehouse for them down the street, but if there is a whorehouse called a bank, they are not only not flabbergasted, they are probably working there!

And then they are going in as social justice people who are concerned for the poor they are going to go along and palliate the wounds of those people who have been injured by interest on debt. There is a satanic level of mockery there. It is satanic ridiculing of us. Because Jesus intended that we would be overcomers here, that we would be a light unto the world. Instead we make a mockery of the Gospel by these shortcuts that we take….The inability to have faith in God.

And to proceed as we have proceeded (by allowing Usury) , is to reject Grace, not only do we reject the Law, we also reject Grace. Meanwhile, we’re playing the part of hypocrites, we say ‘we’re Christians, we’re Catholics, we’re the reforms, we’re the evangelicals! Come to us world and learn a new way of being’. A new way of being that is based on Compound Interest???

How many Catholics follow the Von Mises institute? How many Catholics follow Ayn Rand?

We reject the weaponization of the love of money as it is represented by interest on loans of money(!!!!!!)

  1. Do you know if Hoffman’s audio lectures from the original site are still available?

  2. I know nothing about u, as u of me, coming across ur site today by accident.

    I apprciate ur insite of usury.

    May I offer something u may deem useful to ur cause, & if so i will consider it providence.

    Genesis 1? May I submit Chuck Misslers merriad of data, Science, intelligence reports from surprisinly truthful sources in todays climate, Symposiums,thinktanks for truth world over.
    I now believe not just the letters, but literally the spaces between, are infacticly message & divine…ur thoughts after qualified review of above source

    data,science,intelligence.reports from symposium

  3. I have just started a petition to have Usury made illegal. Will you join me please? Vote Here:

    • Thanks for the notification winlinuser!
      I never sign petitions, but I had a look. A petition against Usury sounds like a reasonable proposition. Unfortunately I was not too happy with the formula. There is only one acceptable rate for (compound) interest, for as far as I’m concerned: 0%

  4. Very eloquent presentation. You are getting close to my most recent insight that follows my book MONEY: The 12th and FINAL RELIGION. Money with usury is a Life force somehow available in the cosmos for misuse. Just a thought. Thanks Rduanewilling

  5. the big kahuna permalink

    there is no usury in fiat currency. All the money is issued, right? and there’s always more money every year than before- enough to pay the interest and then some.

    thats why inflation acts as “negative amortization”- debts become cheaper to pay over time as they lose value.

    meanwhile between this that and a third, like bankruptcy, judgment immunity, civil limits etc there really is no debt collection at all. we have tons of rights and defenses but few will ever act on these… oh well.

    what do i care about interest rates or payments when the same bank gives me all the money i need to make the bill? or cant enforce the bill anyway? we blow off ‘debts’ all the time; mere scribbles on papers.

    usury? i havent noticed any from banking policy. What is usury really? not the statistical calculation of interest, which just means ‘ownership’.

    People volunteer mostly, all the way to perdition… i could call the great corporate machine ‘usury’, but then we’re all using, one way or another- and being used in turn.

    now redemption, thats another story, that starts elsewhere.

  6. wittytongue permalink

    Thanks very much for the ‘transcript’ of the video as I’m deaf. Any audio stuff you post is useless to us hearing-impaired, hence any form of transcript or written summary is helpful.

  7. Great coverage of “Usury”. I’ve got a few chapters left. Well researched. Hoffman will be on American Underground Radio 2.7.13. All abolitionists are encouraged to call and lend support. Thank you, Wayne Walton (usury-free mtnHours local currency)

  8. REN permalink

    Anthony, thanks for the heads up on Hoffman’s book. I’ll be ordering it soon.

    Do you have a reading list you can recommend?

    I just finished the book War Cycles Peace Cycles by Richard Hoskins, where usury is also fully condemned.

    One of the most galling things about usury is that it commoditizes people. Usury leads directly to debts, and hence debt contracts. These contracts (mortgages and other financial vehicles) are then traded in a marketplace. In effect, people are traded like grain, cotton, etc.; human labor and output are reduced to commodities.

    The God of Logos (Providence to my mind) would have the best in mind for us, and we cannot evolve to Providence when we are commoditized and turned into debt peons.

    • I’m sorry REN, I missed this one.

      No, I don’t have a bibliography I recommend. There is one book that I consider a good primer: ‘The Future of Money’ by Lietaer. Obviously you would be way beyond that.

      But for the rest: I’m into cherry picking. I read whatever I get into my hands and use what I can, while ignoring the rest. Most of what I’ve read on money was pretty feeble, but all offered at least some nuggets.

    • MacEarl permalink

      REN: it commoditizes people

      That is what your parents did when they registered your birth certificate with the state instead of in the family Bible, and what you did when you registered your children’s birth certificates with the government.
      Few realize just how new birth certificate REGISTRATION is. My father was born in December 1908 in Oklahoma, to an Alabama physician’s wife. This was only three months after birth certificate registration with the state (county) was instituted in Alabama. Oklahoma also had only just begun birth certificate registration in 1908. My father never had a birth certificate, that is, one registered with the state (of Oklahoma in his case). Likely his father was not aware of the new laws, which were not pushed very heavily until the WWII era. That’s how so many boys were able to volunteer to the military for WWI and WWII simply by lying about their ages if they “looked 17.” The lack of a BC was so common that they were not required for very many purposes in most of the country.

  9. Nixon Scraypes permalink

    If the vicar in the church down the road preached like that, I’d be there. Good one,Anthony.There is a video by Jose Barrera called “Supernatural: Magic and Spelling as Mind Control” I found it at Penny for Your Thoughts blog. Looking at money from a completely different perspective he identifies it as a spell. Start at 17 minutes to miss tedious introduction, money references about 40 minutes.Very quietly, almost diffidently he reveals the sticky manipulative forces at work beneath the surface,whilst being interupted by keen host.Creating money out of nothing is a very powerful act of sorcery .It has hypnotised the world and we are literally spellbound. If you believe in a false world you believe in the false you that inhabits that world and you are the strawman. A conjured zombie in the ghost world is more real than the living man.Good fortune to you and all that sail with you,Nixon.

  10. I have read the book by Mr. Hoffman. This book has opened up new avenues for me and new ways of looking at usury and money. The main truth Hoffman brings out is that it wasn’t the Jewish bankers who brought usury to the Church. It was the Pope himself. Yes the Jews were there egging it on but the final act itself was from the Pope. Catholic lawyers for the Vatican used loop holes and twisting of the law to bring usury into the Church, all in the name of helping the poor. Usury was already in the Catholic church before Luther or Calvin were born! I have heard many Roman Catholics blame usury on the Protestants. Hoffman is a revisionist historian of the highest caliber. Hidden truths are brought to light. Buy this book. Read it twice and then read it again. Start a weekly study group with this book as your text.
    Anthony, I think you too quick to call people Satanic and liars. Most people don’t even know the history of usury or that it was looked upon as the sin of murder. I say this to you in kindness. Let us all have a meekness and humbleness of mind when teaching others about their faults lest we also fall into error. Frank

    • Hi Frank,

      “Anthony, I think you too quick to call people Satanic and liars. Most people don’t even know the history of usury or that it was looked upon as the sin of murder. I say this to you in kindness. Let us all have a meekness and humbleness of mind when teaching others about their faults lest we also fall into error. ”

      I keep that sort of labels for people of whom I’m absolutely sure that they are at the very least profoundly intellectually dishonest, like the top libertarians, or simply outrageously criminal, like the bankers themselves. I’m also always fully willing to change tack if I’m proven wrong.

      Most people have just ego issues like everybody else. But lying willingly about usury, Money Power and deflation is not something I’m keen to ignore.
      Gary North knows exactly what he’s doing. He’s openly admitted getting paid by the Volker Fund to develop libertarianism. If you look at his key positions and how outrageously stupid they are, until you realize what’s at stake, then you know enough.

      I’m totally sick and tired with all sorts of people getting away with the most horrendous of lies and hiding behind a Mr. Nice Guy persona.
      So I’ll keep slinging the ‘lying bastard’ line now and again……

    • MacEarl permalink

      The Jews were forbidden to own land beyond a dwelling or business house and lot. “Christians” (everyone who was not a Jew) were forbidden to lend at interest/usury to anyone. Jews were forbidden by their religious law to lend to Jews at usury/interest, but were permitted to lend to non-Jews at interest/usury by both their own law and by the law of the Church.
      This channeled the businessmen among them into moneylending.
      The envy and hatred that rapacious extorting moneylending Jews (which all moneylenders must be or the borrowers will not pay them back) incited among the populace resulted in Jews being driven out of one European nation after another beginning with England in 1290. It was a combination of the grinding oppression upon the people and the desire of princes to throw off their debts to the Jews that brought about these expulsions.
      To this day Jews are represented in moneylending and finance all out of proportion to their numbers. As they constitute the core of the finance industry, non-Jews who are in this business take on the characteristics of the Jewish Shylock. They also tend to marry off their daughters to the sons of the Jews, blending their stock with the Jews.
      It is really the fault of “Christian” princes in allowing the Jews to exact usury and increase, and their own borrowing from the Jews, that has resulted in such disdain for Jews, most of whom are not financiers but are just common ordinary people except for their relative isolation from the peoples among whom they live. They are laborers, soldiers in the armies of the nations where they live (though tending to lodge in the quartermaster corps), small businessmen, etc., for the most part.
      Henry Ford, who strongly criticized the Jewish financiers, introduced the practice of selling Model Ts on installments. That is, Ford was a usuring moneylender like the Jews he condemned. Automobiles to that time had sold for cash to the rich. (He did not hate all Jews just for being Jews. He was friends with Andre Citroen the Jewish gearmaker, munitions maker, and motor industrialist, who visited Ford and was shown the Ford mass production process, which Citroen took back to France to become the largest motor vehicle manufacturer in the world for a time.)

  11. Dear Mr. Migchels

    Thank you very much for your kind attention to my work.

    -Michael Hoffman

  12. >>> 13 But woe unto you, scribes and Pharisees, hypocrites!
    >>> 14 But damn tou, scribes and Pharisees, hypocrites!
    >>> 15 But damn you, scribes and Pharisees, hypocrites!

    >>>>Christians would be flabbergasted if there was a whorehouse for them down the street, but if there is a whorehouse called a bank,

    would it not be for the fact that Migchels is frequent visitor of such establishment; he is joined at the hip to an institute of usury; with his bank account and credit card……….
    So are his mentor heroes, Still, Brown, Makow; so is the whole monetary reformist lot

    preaching worthless or expiring paper for others, but hoarding silver coins to himself (themselves)


    For fifteen hundred years Christianity said that money-lending was sin, a fact which seems to be little known or appreciated by many present day Christians who make the payment of debts a high ethical imperative. Christianity has changed in this respect, but the words of Aristotle, the Bible or the theologians of the Christian Church for fifteen hundred years remain unchanged on this issue.

    The Calvinist countries, of course, after the Reformation, admitted money-lending to full respectability and legality.

    Anglo-Saxon liberalism was born in greed and conceived in usury.


    • I know you like to tease name789, but please understand I don’t have a credit card, nor do I hoard specie. My net asset position does not allow me to do so, but, more importantly, I couldn’t care less about shiny metal, be it yellow or white. I used to have a little gold, in my wedding ring, but I tossed that out too, right into a toilet of the local police station here, where it belongs.

      ‘T is true that I have a bank account. It’s impossible to run a business without one. Here in Holland, anyway. But I keep my balance at zero and when I receive money I immediately pay bills or take it out in cash.

      Furthermore, while I don’t care about hoarding myself, I have consistently promoted the hoarding of specie over that of paper. Not only to preserve wealth, but also to reserve the paper for exchanging operations, which is severely hindered by hoarding it.

      So while I have many weaknesses and don’t mind being teased about them now and again, my patronage of the banking industry does not seem to be one of them. Nor do I believe it’s reasonable to suggest I want people to save dollars or other trashy banking units.

      • >>>>is true that I have a bank account
        that is why you should adjust your syrupy bull-shit accordingly
        should rub the faces of your readers and your heroes into their own inconsistency

        (if it is whoredom for church people to go the bank, so is it for ye)

      • marxbites permalink

        I got rid of one of those too Anthony, but kept the ring !

        You will rue the day you decided to; throw away that ring, or avoided accumulating silver coin as means of value preservation.

        THIS time history will be NO different, shylock will print his paper to worthlessness while spending it on HARD assets, the DEBT redounded to the people, of course per shylocks SOP.

    • Why does Ellen Brown need to perpetuate that Lincoln myth? What’s the agenda? Why not be satisfied with the perfect example of Colonial Scrip?

      BTW, it’s a good article for the rest, wouldn’t you agree?

      • If there is anything good in the article, it is the ideas that are not her’s: the government should establish a stable and sufficient currency; but put next this article the open letter she wrote to governor Schwartzenegger to issue 20billion California notes to finance socialist programmes, and the article comes into true light

        >>>>>Far from being a gimmick, having the U.S. Treasury mint high-denomination coins is a solution that cuts to the root of America’s financial problems. And Benjamin Franklin would have liked it, too.

        wrong again, honey, wrong again:
        low denomination should be coin; 1 penny to 5 dollars; and that is what advocates of stable money wanted. Franklin is dead, and cannot speak, but Ms. Brown fails (cannot) to provide anything to support her besmirching of Franklin

        Given the chance, the colonist would have chosen silver instead of cards; most of those cards promised to pay silver. Providing stable paper currency is a very tricky thing, as historical experience of the colonists indicates. the situation in the colonies demonstrates the absurdness of “gold/silver is money by nature” idea

        >>>>In fact, the trillion dollar coin represents one of the most important principles of popular prosperity ever conceived: nations should be free to create their own money without incurring debt. Some of our greatest leaders, including Benjamin Franklin, Thomas Jefferson, and Abraham Lincoln, promoted this essential strategy.

        She is flaunting her ignorance:– Thomas Jefferson considered gold/silver/copper coins alone the constitutional money and currency of the United States, and also, on principle; Jefferson recommended to issue –for war-financing purposes only– treasury notes, promising to pay coin, he would not have approved of book-seller Brown’s new age concept. Thomas Jefferson would have been in the ranks of the South, solidly against Lincoln.

        Why she keeps regurgitating the Lincoln myth? (you ask her, you are in contact): she doesn’t know any better; without Lincoln what would she put into her nefarious article? without the mythological Lincoln her whole construct is without foundation and falls apart

        >>>>>Warren Mosler, one of the founders of Modern Monetary Theory (MMT)
        There is NO such thing as modern monetary theory !
        Money behaves in a certain way (follows a law, if you please) ever since Adam and Eve first traded with the natives; there is absolutely nothing anyone can add to it, take from it, or change about it; and certainly there is nothing new anyone can invent about it. –this would be the first step in learning about money.

        Personally, I think Ms. Brown, and Mrs. Kucinich and the new-agers behind her, are here to discredit the concept of stable currency; and they are here to promote the unites nations, one world concept; and the concept of a (strong) marxist central government

        (have you noticed that the independent Scotland movement is firmly in support of the united states of Europe concept? how is that for cognative dissonance?)

        • I’m glad I asked name789


          • Do you know anything about reaver and aircrack ?

            all i am getting is: “Failed to associate with “

            • Oof, no, I’m sorry, never heard of either!

              • So much for your usefull IT knowledge; can’t even commandeer somebody’s wireless signal
                :-c :-C :-< :-[ \_/ 😦 😦

                Here is one for you from 2004—


                "Democracy is a form of government that substitutes election by the incompetent many for appointment by the corrupt few."

                “From this view of the subject it may be concluded that a pure democracy, by which I mean a society consisting of a small number of citizens, who assemble and administer the government in person, can admit of no cure for the mischiefs of faction. A common passion or interest will, in almost every case, be felt by a majority of the whole; a communication and concert result from the form of government itself; and there is nothing to check the inducements to sacrifice the weaker party or an obnoxious individual. Hence it is that such democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security or the rights of property; and have in general been as short in their lives as they have been violent in their deaths. Theoretic politicians, who have patronized this species of government, have erroneously supposed that by reducing mankind to a perfect equality in their political rights, they would, at the same time, be perfectly equalized and assimilated in their possessions, their opinions, and their passions.”

                ” Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. It is not true, in fact, and nowhere appears in history. Those passions are the same in all men, under all forms of simple government, and when unchecked, produce the same effects of fraud, violence, and cruelty. When clear prospects are opened before vanity, pride, avarice, or ambition, for their easy gratification, it is hard for the most considerate philosophers and the most conscientious moralists to resist the temptation. Individuals have conquered themselves. Nations and large bodies of men, never.”

                • The key is to never show the machine impatience, as it reads that as a sign of weakness, and to never forget that victory is guaranteed because you control the power switch……………

                  A recognizable story. Although the fact that the muslims are unimpressed by the wonders of women’s lib and pornography is perhaps our last hope against the Frankfurter Schule.

                  On the other hand: they don’t mind taking full advantage of all these poor, luscious blonde sluts that are both clueless and desperate to show their worthiness in the night clubs during the weekend. Which is both unwelcome competition and annoying to boot……..

                  That’s a nice quote on democracy. The protocols are also very effective in dismantling any remaining illusions about it…..

                  hit reply to read squashed text

                  • Charlotte NC Bill permalink

                    Great lecture..dovetails nicely with the article at that shows Mossad connected Oren Heiman talks to the Columbia School of Bus graduating class ( with Max Krah-grimer wormtongue of the SSPX and the rep of the Gutman family in the first row ) and commanding them to the “power of 72” to good use…

                    • Charlotte NC Bill permalink

                      eeesh…”talking to the Columbia…” he gave the Commencement Address…He commanded them to “put the power of 72” to work.(..the formula to calculate the time it takes to double money at a given rate of interest.)..And Bp Fellay’s lawyer Max Krah sitting right there..

      • The first settlers of a country may be greatly in want of capital, but they do not need a great sum of money as a medium of domestic trade. A few exchanges of products for gold and silver coin, will regulate barter transactions with sufficient accuracy for general dealings. A great portion of the stock of money which the original emigrants brought with them, was, therefore, soon exchanged for the comforts and conveniences which Europe could supply, and trade by barter became the custom of the country.

        If the Government had not interfered, all would have been well. But, as early as 1618, as is stated by Holmes, in his American Annals, Governor Argall of Virginia, ordered “that all goods should be sold at an advance of 25 per cent., and tobacco taken in payment at three shillings per pound, and not more or less, on the penalty of three years servitude to the colony.”

        In 1641, as we learn from the same authority, the General Court of Massachusetts “made orders about payment of debts, setting corn at the usual price, and making it payable for all debts which should arise after a time prefixed.” In 1643, the same General Court ordered “that Wampompeag should pass current in the payment of debts to the amount of forty shillings, the white at eight a penny, the black at four a penny, except for county rates.”

        Wampompeag being an article of traffic with the Indians, had a value in domestic trade, but an attempt to fix its value by law was an absurdity, and making it a legal tender was something worse than absurdity. The measure was, however, in perfect accordance with the orders given by the General Court in 1633, declaring, “that artificers, such as carpenters and masons, should not receive more than two shillings a day, and proportionably, and that merchants should not advance more than four pence in the shilling above what their goods cost in England.”

        In Pennsylvania, as well as in the other colonies, a considerable traffic was carried on by barter: and we recollect having read in the Minutes of Assembly, that, about the year 1700, a proposition was made to make domestic products a legal tender, at their current rates. The proposition was rejected. But Holmes states that, in Maryland, as late as the year 1732, an act was passed “making tobacco a legal tender at one penny a pound, and Indian corn at twenty pence a bushel.”

        The colonists had hardly become numerous enough to require more than two or three hundred thousand dollars of medium for domestic uses, before specie began to flow in abundantly. Their trade with the West Indies and a clandestine commerce with the Spanish Maine, made silver so plentiful, that, as early as 1652, a mint was established in New England for coining shillings, sixpences and three penny pieces.

        Gabriel Thomas, in his account of Pennsylvania, published about the year 1698, says silver was more plentiful in that province than in England.

        Plentiful, however, as it was, there was not enough to satisfy the wishes of every body. Attempts were, therefore, made to keep the precious metals in the country, by raising the official value of the coin. Virginia, in 1645, prohibited dealings by barter, and established the Spanish piece of eight at six shillings, as the standard currency of that colony. The other colonies affixed various denominations to the dollar, and the country exhibited a singular spectacle. Its money of account was the same nominally as that of England. Its coin was chiefly Spanish and Portuguese. But, what was a shilling in Pennsylvania, was more than a shilling in New York, and less than a shilling in Virginia.

        In the third year of Queen Anne, an attempt was made to put an end to this confusion, by a Royal Proclamation and act of Parliament, fixing the plantation pound at two ounces sixteen pennyweights sixteen grains of silver, of the fineness of common pieces of eight, at six shillings and ten pence half-penny per ounce; but, from various causes, the act proved effective in Barbadoes only. In South Carolina, the dollar was estimated at 4s. 8d, in Virginia and New England at 6s., in Pennsylvania, New Jersey, and Maryland at 7s. 6d., and in New York and North Carolina at 8s.

        These are to be understood as the rates at which the currencies of the different colonies were finally settled. They were varied from time to time to suit the varying views of the lawgivers. Confusion in dealing was thereby introduced, and some injustice was done to individuals: but the chief object of these changes, namely, that of keeping a great stock of the precious metals in the country, was not effected. In proportion as the denominations of the coin were raised, the merchants raised the price of their goods. The laws of nature counteracted the laws of the land. The people exchanged their surplus gold and silver for such things as they wanted still more than gold and silver — leaving just as much money in the country as its domestic trade required, and not one shilling more.

      • Abraham Lincoln’s government had 7 departments; perhaps Ms. Brown would like to write an article on reducing the size of the general government to what it was in July 1861…..

        Secretary of State
        Secretary of the Treasury
        Secretary of War
        Attorney General
        Postmaster General
        Secretary of the Navy
        Secretary of the Interior

        • No wonder people were so incredibly well educated at the time. A few years ago Rense published an entrance exam for Harvard from around 1850. I thought I would succumb to a heart attack right there, I couldn’t even begin to comprehend the questions, let alone answer them. We now know why: there was no secretary of education………….

      • Bishop Berkeley & Christopher Hollis
        on paper money
        What paper money is to be issued should therefore be frankly issued by public authority. It should be inconvertible. The check on it should be that the public authority should be forbidden to issue any new supplies of it, when it was seen that those new supplies were resulting not in an increased production of goods but merely in rising prices. “Whether counters be not referred to other things, which, so long as they keep pace and proportion with the counters, it must be owned the counters are useful?” [Query 290.]

        Christopher Hollis on
        british Whigs and the American Revolution
        the Whig Members of Parliament, representative of one four-hundredth part of the people of Great Britain, found that the American cry of “No taxation without representation” was a righteous and a freedom-loving cry. Was not the American cause their own cause of 1688 ? The more prosaic truth was that they saw that the Americans would not pay both the Stamp Act’s dues and their private debts, just as the financiers of our own day saw that the Germans would not pay both reparations and the interest on the Dawes and Young Loans. Therefore high Christian and Whiggish principles demanded the repeal of the Stamp Act.

    • MacEarl permalink

      Not moneylending, which Jesus encouraged, but without hope for gain, but moneylending for increase, gain, interest, usury, which He by His Holy Spirit inspired the prophets of old to condemn as abomination to the Father.
      Money cannot in itself increase. Additions to the money supply must be created, either by mining metals and fabricating them into useful pieces (coins), or by issuing money currency bills or account book credits.

  13. I saw this Michael Hoffman video a few days ago, and thought it was very good. He certainly gets to the nub of the issue.

    Good article again anyway Anthony. It is amazing when I look around in my country U.K. and see so many people clueless to the satanic usury system we live in or are more like enslaved to. I try to educate people i know to the corrupt money-system, but it does seem hard for many to grasp the insanity of the system and see past the establishment lies. They have been programmed for so long through mainstream ‘economists’, used-car salesman puppet politicians and MSM brainwashing to accept the ridiculous ‘boom and bust’ business cycle and to believe the nonsense ‘there’s no more money’ as if money was finite and you had to dig it out of the ground like coal or something! Most people just don’t seem to think about what money is or where it originally comes from, they just accept the lies! Hopefully we can change this!

    The NWO agenda is only possible because the Jewish bankers control most nation’s money-supply enabling them to buy up industry, politicians, media and fund their banker wars!

    Austerity for the bankers not people!!!!

  14. Tao Jonesing permalink

    When you think through things carefully, there are many forms of Usury that are not recognized as such, and the Catholic church engaged in one of its hidden forms (which is why they were officially able to dispense with the obvious form).

    Also, the summary of Hoffman’s book argues that early Protestants resisted Usury, but it seems to me that the way the major Protestant sects differentiated themselves from Catholicism was by embracing Usury (see Henry VIII’s laws on Usury and Calvin’s defense of it). Check out David W. Jones’ “Reforming the Morality of Usury” for the history.

  15. Roger permalink

    A highly commendable piece of work Anthony. If only more people thought in the same way as you, we could have a chance to extricate ourselves from debt slavery.

    Thank you


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