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How Ignoring Usury Makes Us All Look Like Fools

by on February 10, 2014
The Left-Right Divide

The bickering of the right and the left looks more hopeless everyday. The eternal Capitalism vs. Marxism dialectic is alive, but is it still well?

As we know, the Money Power directs history through dialectics. By creating two camps with a narrative that both suit our masters, they co-opt opposition.

Both sides of the coin always have some good points and some very bad ones. Because people feel forced to make a choice, they are seduced into the evil/lesser evil kind of thinking that is so symptomatic of the Dark Side. By polluting an in itself worthwhile position with other nasty ones, they get what they want anyway.

Crucial to the dialectic is that both camps ignore the true issues, or are in tacit agreement about them.

Capitalism and Marxism both are fundamentally materialistic ideologies. They deny Spirit. That’s why it’s so atrocious that self styled ‘Christians’ defend Capitalism, or that the lefties try to claim Jesus for themselves, because of his love for the poor. This truly is a war against God, ultimately.

The other key issue is, of course, Usury. Capitalism is the idea of ‘return on investment’ and this is unthinkable without Usury. Marxism was designed to co-opt opposition against Capitalism and its banking by claiming private control of the means of production is the probem, instead of this private control being consolidated in ever fewer hands through Usury.

So let us analyze two typical, current examples.

Walter Block and his ruthless attacks on the poor
Block recently made some waves by claiming Black families were doing better under slavery than under the welfare regime of the Great Society.

Here’s an interview with RT:

Everybody fell over him for this and that was probably the idea.

But it cannot be denied that his basic point is fair: welfare creates dependence. It also creates a class of people that will vote for even more Government, more taxation, more detailed management of our lives, more fines, more jail. And worst of all: more civil ‘servants’ and politicians.

Of course, the demise of the family is not only, or not even mainly caused by welfare: the welfare state has been in decline since the early eighties and the demise of the family is only accelerating. The not-so-gay lobby, sexual ‘liberation’ and feminism are more important. But, these (Government sponsored) social engineering outrages are explained away by Libertarianism as ‘Freedom’.

Also note that Block in this video mentions other issues that are bad for the working class, like getting rid of the minimum wage, while spending one second on corporate welfare, which has a far larger impact on the Budget than programs assisting the poor.

This is the same trick as the New York Times uses: reporting an outrage they support in one paragraph on page 42 and then claiming they’re not ignoring it.

Walter Block and his buddies must do this, of course, since it is big bucks from big banking and big business that finance their think tanks.

And how about the Left?

In this short and forceful vid Robert Reich connects the dots in the war against the poor. A minimum wage in decline in real terms, slashing food stamps, medicare, not rebuilding crumbling infrastructure, which could solve the massive unemployment and inactivity all over the States and another few issues.

Is he right that there is a virulent war against the poor? He sure is. As Buffett put it: “There’s class warfare, alright, but it’s my class, the rich class, that’s making war, and we’re winning.”

But while this war against the poor (and the middle class too) is real, Reich is defending patches. He’s not at all pointing at the true cause of poverty: Capitalism and its Banking and Usury.

By ignoring the root cause of the problem, he is relegated to defending ‘solutions’ that clearly disempower many people. Who wants to live from food stamps? Who wants to pay for them? Nobody of course.

Yes, it’s ghoulish to take them away, especially with the ‘high minded’ ‘it’s all for your own good in the long run’ rhetoric of the Libertarians.

But because he’s not looking deeply enough into the economic realities, he must deny the good points the right makes. He must sell his patches by saying it’s better than have people starve. And while I’m with him on this and feel much closer to the left on these issues (while deploring their Cultural Marxism), statist intrusion to our lives is the fundamental Marxist mindset.

Conclusion
40% of what we pay for the goods we buy are usury passed on in prices. It’s even 50% of taxation. All this usury goes to the rich, we’re talking up to $2 Trillion per year in the US alone, far outpacing economic growth even in good times.

And people wonder why the US’ income distribution is at Haiti level?

What use is it complaining about welfare with this massive hand out to the rich? What use is it promoting welfare while ignoring the cause why people need it?

Let us end the dependency of the rich on the poor for their usurious income. Let them find a job or start a business, instead of just milking the credulous masses under State protection.

Interest-Free Money Now!

Rationalizing Usury: the Time Value Hoax
Babylon = Usury! We want Interest-Free Money!
Ten Atrocities that would not exist without Usury
The Problem is not Debt, it’s Interest (with Video)

20 Comments
  1. What I always tell libertarian misanthropes like Block, is that the private sector caused all the poverty, so they should be the ones that must pay for its recovery. Usury and deregulated speculation account for all of our economic problems — not so called lazy, stupid people that want to game the system for shoddy medical care and less than a dollar a day for food (!). Banks need to be nationalized, and derivatives outlawed, and markets regulated with government oversight. Government is bad because it was used a tool by plutocrats for their personal gain, not because it serves the interests of the general welfare and takes care of the poor elderly and ill.

  2. Gary S. permalink

    Hello Anthony,

    In order to get beyond the dialectics of communism/capitalism I believe we should be talking about the “utility” of money–how and why is it used. Any system might work– if the intent is to improve the sustainability of the community. As a former banker–I would suggest to my fellow bankers ways of investing in the community to create systemic growth and prosperity–but most of these people were to dense to see beyond the next quarter–literally exclaiming, “what’s in it or me”. See the following post: http://www.phillylandbank.org/news/land-bank-alliance-applauds-signing-philly-land-bank-ordinance. Maybe just a land/asset grab–but at some point these knuckleheads are going to realize that 20% of something [community assets employed productively] is better than 100% of nothing [got to own it all].

    GaryS

    • Dark Dirk permalink

      Gary, the perpetual growth is impossible. If you believe in it you are either a mad man or an economist. We should not talk about the “utility” of money, but what money actually is, and how to change the system in such a way that it does not need growth to be stable.

  3. “Capitalism and Marxism both are fundamentally materialistic ideologies. They deny Spirit.”

    This is indeed a huge problem.

    Work and the Demonic Nature of the Economy
    http://www.moreright.net/julius-evola-on-work-and-the-demonic-nature-of-the-economy/

    I don’t think interest-free money is enough to fix our degenerate culture. It would give us a higher purchasing power and more free time. But modern man would spend that PP and free time on depraved entertainment, consumption of mass produced junk and hedonism.

    • Of course, I agree with this.

      My position is not that solving Usury will solve everything, my position is that if we don’t solve Usury, we might as well forget about everything else too. Usury is foundational. We cannot clean up the environment, end poverty or plutocracy without it. We cannot go to a bank to build the new world.

      When we solve Usury, people will not spend everything on nonsense. What it will do is, bring profound security, free enterprise, a lasting and serious reduction in stress levels and, maybe most importantly, time to think and contemplate.

      Solving Usury is the keystone from which to start building.

  4. Usury most often understood as interest on money but must include the market for interest bearing instruments is evidence of a spirit affecting the human mind. Read Money the 12th and Final Religion and learn about the God that moves behind in the shadow of so-called Judeo-christianity. BY the way anybody notice the contradiction in Judeo CHRISTIANITY?

    • We think the rich need us to become even more wealthy.
      But the rich don’t even mind getting a little less rich, as long as we get poorer more….

  5. The more wealth gets concentrated in one group, the more powerful over the other side they become, still, they cant, or shouldnt, make the poorer side totally poor or who will buy their products?

    Take the construction industry for example, who will buy my new developments, say the low-budget residential properties, if i they’re too poor to buy it?

    Recently, Ireland went bust and many beautiful-looking brand new properties, especially in the new areas of Dublin such as the outer area of d24 were never ‘first-sold’ two years after the 2008-crisis.

    They stood tall, bright and untouched.

  6. Can we still have free market investment and public stock holdings with an interest-free credit system? I don’t see why not – If the supply of money is well managed and tracks the actual growth of value in the economy it stops hoarding and inflation.
    But how do we ever get ‘well managed’ supply of money, which you’ve talked about previously. Governments seem too corrupt and inevitably susceptible to lobbying, and in private hands it is just unfair.
    I don’t see enough of these types of details, about your Interest-free-credit proposals, being made clear here on your website. I’m fully behind you and your work I just don’t understand how it’s possible, or how to move forward on it.

    • Oh yes, actually we NEED interest-free money to finally have free enterprise (which is a slightly different concept than free markets). Capitalism is one huge monopoly where all the big banks own each other AND 80% of all Transnationals.

      Usury made this happen and, indeed, unavoidable.

      Well managed volume? Index economic activity and the money supply and make the money supply follow the index of the activity. it’s not brainsurgery, but it’s true it’s currently risky to have Government do it. I think best is a semi independent Monetary Authority in Government, with a clear charter along these lines. It should be independent from taxing and spending.

      I hear you on the last point, I’m working on it.

      • Norm permalink

        At the founding of the Fed it was promoted as independent (yet responsive to the public welfare) in keeping greedy Wall St in check.
        We of course know how that turned out.

        It’s been said that democracy is two wolfs and a sheep deciding what to have for diner.

        So Migchels … what is the magic formula that would keep an ‘independent monetary body’ fair & impartial ? Isn’t this like asking why communism & socialism don’t work in real life?
        ——-
        Note, I am in NO way condoning the corrupt status quo.
        It’s just that YOUR apparent solution isn’t to remove governmental monopolies on the creation of money & credit. Instead, it seems to be the creation of a NEW monopoly.

        • It has nothing to do with socialism, just read the article.

          But there is no magic formula. The only real guarantee that that body is well managed, is when a fair percentage of the people have a fair idea of money.

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