Dear Bankers: Stop Making War
It's time to make banks bank again
In 1910, a group of New York bankers representing J.P. Morgan, John D. Rockefeller, and the Rothschild family covertly boarded a train — disguised as duck hunters — and headed south to Jekyll Island in Georgia.
On the island, this small group of sociopaths concocted the Federal Reserve, a fake “decentralized” 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 is — theft.
In the Christian conception, financial blessings are to be used to meet needs — ours, our families, our church’s, and our community’s, particularly the poor in real need.
Lending or investing excess financial blessings in order to exploit others and amass further excess simply isn’t a practice in which Christians engage.
I’ve been thinking a lot lately about bankers and the violence they cause.
Bankers cause violence?
Of course!
That’s 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 isn’t a bug of the interest system; it’s the defining feature.
Real asset seizure is the name of the game, and if you own banking stocks or bonds in your pension portfolio, you’re 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 people’s real assets.
Interest incentivizes bankers to make war.
Bankers… cause war?
You bet your bottom fake dollar they do.
The Rothschilds have been bankrolling wars since the 1700s.
If you’re 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? That’s Casino Royale.
So what’s 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.
It’s 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 → politicians borrow trillions for war → 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 they’re 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 didn’t vote for.
Land of the… free?
Yet there’s 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 bank — a 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 banking — the process of keeping a fraction of deposits in reserve and re-lending the rest at interest — was developed by goldsmiths in London in the 1600s.
Up until that point, goldsmiths were bankers… 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 “bankers” (actually moneylenders disguised as bankers) did away with the gold… and nearly all banking… completely, and now the working world owes non-contributing “bankers” $330 trillion plus interest.
Banks don’t bank anymore.
Want proof?
Try to withdraw more than $10,000.
They don’t 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 people’s deposits for a fee.
That’s it.
We need to make banking boring again.
Obviously, once we make banks bank again, we can also erase total global debt — much of it was already repaid as interest, and over half the remaining debt isn’t 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 we’re 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, we’ll 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 be…
No more incentive to indebt individuals and countries
No more incentive to seize people’s 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?