Anthony Migchels — henrymakow.com April 30, 2013
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.