In 1910, a group of New York bankers representing J.P. Morgan, John D. Rockefeller, and the Rothschild family covertly boarded a traināāādisguised as duck huntersāāāand headed south to Jekyll Island in Georgia.
On the island, this small group of sociopaths concocted the Federal Reserve, a fake ādecentralizedā national banking system whose shares are still privately owned by for-profit banks to this very day.
As long-time readers know, I am a Christian trying to practice the way of Jesus; therefore, I am ready and willing at all times to hurl the tables of money lenders and call interest-based moneylending what it isāāātheft.
In the Christian conception, financial blessings are to be used to meet needsāāāours, our families, our churchās, and our communityās, particularly the poor in real need.
Lending or investing excess financial blessings in order to exploit others and amass further excess simply isnāt a practice in which Christians engage.
Iāve been thinking a lot lately about bankers and the violence they cause.
Bankers cause violence?
Of course!
Thatās their entire business model.
They print fake, interest-bearing, debt-based, credit-money out of thin air and loan it to people in need of things like shelter.
They get that fake money back with real interest.
Because more fake money is always owing than exists (thanks to interest), the pool of borrowers never collectively has enough to repay what they owe, which allows the banks to send their thugs (judges and police) to seize real assets and hurl people into homelessness.
This isnāt a bug of the interest system; itās the defining feature.
Real asset seizure is the name of the game, and if you own banking stocks or bonds in your pension portfolio, youāre willfully profiting from this human rights abuse.
It gets far, far worse.
Adam Smith, the godfather of capitalism, said capitalism is all about incentives:
Interest incentivizes bankers to get people into debt.
Interest incentivizes bankers to ensure a proportion of borrowers default annually so they can seize peopleās real assets.
Interest incentivizes bankers to make war.
Bankersā¦ cause war?
You bet your bottom fake dollar they do.
The Rothschilds have been bankrolling wars since the 1700s.
If youāre a moneylender looking to exploit interest off borrowers, which looks more profitable and less risky to you?
Lending $300,000 to a worker to buy an overpriced house, knowing full well A.I. will take their job at some point in the next 25 years.
Lending $1,000,000,000,000 to a government on the promise it will tax the people into slavery before they dare default on their debt to you.
Bankers take Option #2 every time.
Lending to plebs against cars, houses, and vegan cupcake startups is chump change, like playing at the penny carnival instead of Monte Carlo.
But lending to governments for warships, intercontinental missiles, and autonomous drones? Thatās Casino Royale.
So whatās the play here?
In the interest-based capitalist system, bankers and arms manufacturers have unlimited incentives to bankroll the (s)election campaigns of pliable politicians and then lobby (bribe) them to vote for war.
Itās profitable work if you can get it.
Last year, the world spent $2.7 trillion on war.
U.S. politicians alone borrowed over $1 trillion for war just in the last year.
The business model:
Bankers and arm manufacturers bankroll and bribe politicians ā politicians borrow trillions for war ā politicians tax the working class to pay the interest (and also stealth tax them, inflation-tax them, sell off their public assets, and slash the services theyāre paying for.)
U.S. slaves/taxpayers are on track to have more than $1 trillion forcibly stolen from them in the form of taxation just to pay interest on a national debt they didnāt vote for.
Land of theā¦ free?
Yet thereās a simple solution to this giant hell of moral hazard:
Make banks bank again.
Put it on an oversized red hat and sell it from sea to sea.
See, banks used to bank.
Did you have a piggy bank as a kid?
That was a bankāāāa receptacle for valuables. No interest involved.
700 years ago, the Amazigh people in Morocco used something similar, called igoudar. An agadir was a place to store grain, jewelry, documents, etc, for a storage fee. It was a bank.
Banking is not the same thing as moneylending.
Banking is putting stuff in a bank, in storage.
Money lending is lending money. Usurers charge interest on lending money, leading to all sorts of evils like the ones mentioned above.
Fractional reserve bankingāāāthe process of keeping a fraction of deposits in reserve and re-lending the rest at interestāāāwas developed by goldsmiths in London in the 1600s.
Up until that point, goldsmiths were bankersā¦ they operated as safekeepers for gold and other valuables by storing them in their vaults for a fee.
Then they hatched a plan to give people deposit receipts (promissory notes) that were redeemable for gold.
Voila, banking and moneylending were joined together in unholy matrimony.
And presto, banking and moneylending made a baby called interest-bearing paper money.
Eventually, these ābankersā (actually moneylenders disguised as bankers) did away with the goldā¦ and nearly all bankingā¦ completely, and now the working world owes non-contributing ābankersā $330 trillion plus interest.
Banks donāt bank anymore.
Want proof?
Try to withdraw more than $10,000.
They donāt have it. They lent it out.
We need to make banks bank again.
They must be barred from creating debt-money out of thin air.
They must be barred from charging interest.
Banks should safeguard peopleās deposits for a fee.
Thatās it.
We need to make banking boring again.
Obviously, once we make banks bank again, we can also erase total global debtāāāmuch of it was already repaid as interest, and over half the remaining debt isnāt actually owed to anyone, but is simple credit-debt on a computer screen. (The moneylenders were going to delete the credit when we repaid them anyway, so weāre just speeding up the process.)
From there, as the world recovers from interest-based moneylending and gets back on its financial feet and we rebuild our real asset base, weāll still need lots of lending, but we can do that without interest or debt-money.
We can charter new democratic banks, lend them sovereign money that we create (not fake bankers), and the new banks can lend that money interest-free to people to create new assets like houses, clean energy, eco-transport, and value-creating business startups.
Without interest, there will beā¦
No more incentive to indebt individuals and countries
No more incentive to seize peopleās real assets
No more incentive to start wars
The world will be safer, richer, mathematically sustainable, and free from the slavery of engineered debt-entrapment.
The question is: Is the debt-owning creditor class willing to surrender their lust for interest, or will they, like creditors in the past, have to be murdered by the masses when compound interest destroys the economy and collapses the nation?
Are you?