HenryMakow.com – Jan 29, 2022
Currently the Masonic Jewish world central banking cartel creates money out of thin air in the form of a debt to itself. This has allowed them to control the world and inflict the covid hoax on mankind.
National governments don’t need to incur debt and pay interest to filthy rich families for the privilege of using their own credit.
However I don’t understand why money created by national governments should be interest-free.
I asked my esteemed friend Anthony Migchels to explain why usury is a sin.
Could you explain why the opportunity value of capital, and the risk entailed in lending it, should be interest free? Why would anyone lend money then?
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Dutch national, Anthony Migchels is the founder of De Florijn, the first fully-fledged interest-free, privately operated currency in the World. His website is Real Currencies.
His reply-
“The problems with Usury are manifold, the main one being that allowing it absolutely 100% guarantees Plutocracy and scheming rich vipers buying media, politicians, scientists, paid for with the production of the masses, stolen with Usury.
Throughout history there have been innumerable cycles of entire populations getting enslaved with debt, followed by debt jubilees to prevent debtor revolts. The latest one we’re witnessing now, the implosion of the current mega debt bubble, is simply their final, crowning achievement.
Well, where he gets it right, through Migchels that is, but anyway.
I often go directly to these sources, that Makow shortens down in a clever manner.
Okay, huge flaw in Makow’s question.
“Could you explain why the opportunity value of capital, and the risk entailed in lending it, should be interest free? Why would anyone lend money then?
First, there’s no real ‘RISK’. Banks are ‘legally’ allowed to hide their bad debts. Every big bank is bust. So there’s no risk, and then we have ‘hedging’, which is gambling without risk.
Back in the day, you took out a loan, with the idea that you did something productive with the borrowed capital. You paid this back over a set period of time with interest loaded into the repayments. So the repayment period of time had a cost, time had value. This old rule only applies to thicko sheeple. The banks and corporations and the stinking rich don’t pay interest. They make their money on rising stock prices which are pushed up by by endless QE used to buy equities.
The US Fed says they will tapper, or unwind their QE debt… what a mega xxxking lie. lol
Unwind, or not to unwind? Either way, the US and UK are totally screwed. Having said that, they are much more likely to carryon with QE. If you’ve been jabbed, expect a debt based check in the post.
Everything is hunkydorry, just so long as the thicko sheeple believe the broken economy can be blamed on Covid.
The issue of usury is not so simple. Governments printing fiat out of nothing is done mainly to dissipate debt capitalizing on those who are hording fiat. People want interest on their investment “loans” both for profits and to keep ahead of inflation. This also means that interest on loans is an incentive to loan money to others for their various ventures.
If a rich Jew who was not able to buy property in the medieval Europe was approached by some king for a loan of gold and not fiat, then regardless if the Jew was rich because of lending and charging interest, he would have no incentive to lend anything without security and some return on the gold he was unable to use himself in other investments while being loaned out. That practice now seems “just” unless there is some kind of brotherly relationship or altruistic duty between the lender and the borrower.
Things start to get a little more complicated when we get into banking and when multiple fiat notes (bank or government IOU’s) are lent out by banks based on a one note deposit. If you have seen the movie “It is a Wonderful Life”, you will see that our entire system runs on the trust the belief that the fiat notes are intrinsically worth something. Ironically they are because we believe they are worth something. A run on the bank would not be a trip up the yellow brick road to get any reward. This system has been very good for economic growth but not with all of the exaggerated “sustainability” perils that have been manufactured over the past 40 years. Now the idea of actual economic ‘growth’ has been turned into a very bad idea by the banksters and our governments flooding the world with their fiat, unless of course it is some kind of virtual or internet growth and not real economic growth.
Usury is usually associated with unjust interest rates such as lending to people or governments what they need but at interest rates which enslave them. To swell the size of the Brit-American empire, ostensibly “to make the world a better place”, numerous third-world nations and their resources were captured by “lending” trillions for projects where the borrowers saw little of the actual money and were left “debt rigged” to the expanding empire and banksters. This practice went on all through the 20th century, and likely is still going on. The best exposé of this practice remains with the unchallenged work of John Perkins in “Confessions of an Economic Hit Man”, first published in 2004. The root of the evil is not interest but in lending on terms where the people cannot afford to repay and prosper, AND especially with all of the DISHONESTY and CRIMES involving bribery and intimidation which the IMF and the World Bank have committed mainly on behalf of the UK and the US in their symbiotic relationship using their corporations, spy agencies and militaries for mutual ends.
This is insane. Seriously, this type of thinking borders on the delusional.
Modern banking and finance is the basis, the very foundation of our modern society. Everything, I mean **everything**, all the amenities and comforts that we enjoy are as a result of the finance created for their existence/production.
It’s laughingly ignorant to dismiss “usury”, or more appropriately banking and economics. This type of reasoning is precisely why those is “alternative” media are looked upon with derision and contempt.
Sure, let’s get rid of modern banking and finance … but be ready to go and live in a cave like some animal, and barter a cup of rice for bushel of hay, and a pound of chicken for a kilo of coal when you need such items and commodities.
The value & quality of a society isn’t based upon its ‘economy’, but upon its racial composition. Usury becomes an immaterial issue if you exist in a White monoracial Fascist nation-state. Its simply a tool for Jews, mongrels & other assorted parasites to obtain power. Eliminate the parasites & usury becomes a marginal matter. It only becomes a serious social problem if an alien race within your nation, utilizes it to enslave your race with.
the charging of interest upon interest bankrupted germany and brought hitler to power and gave the stolen money back to the people and put rothschilds in prison
the only time in the bible that jesus lost his temper and smashed the place up was over the money changers in the temple
both jesus and hitler got it right
Smart countries like China have a credit-based internal currency created to finance constructive projects and an external currency that is debt-based to keep international banks happy.
https://www.investopedia.com/articles/forex/061115/yuan-vs-rmb-understanding-difference.asp
In the West banks used to only give mortgages (death pledge) to productive assets like farms, not for unproductive assets like just a house. They understood that you it didn’t make sense. UNTIL asset priced inflation produced by unsound money and USURY.
75% of the cost of any construction project in the West is FINANCING!!!!
Not bad for something pulled out of a banker’s ASS.
Why was usury outlawed? Back in the middle ages, before the age of cities and factories, 90% of the people were peasent farmers. Many would borrow to buy seed to plant, and many had to rent the land. If the harvest failed they would default. The church was the political authority back then, and if the farmer went bust the church would have to take care of them. So the church was intimately involved in the bankruptcy process – they ran the courts and the welfare system. They could see what was going on, the Pope would get an annual report, and changes were made so the church would not have this problem.
Well, it did not take a genius to figure that the lenders who charged 70% annual interest were a problem, so they outlawed usury penalty of death. Same happened in Muslim countries.
The joke is now the Vatican issues credit cards – they need money. Like George Carlin says:
George Carlin – God Loves You, And He Needs Money!
https://www.youtube.com/watch?v=iouZYYzQEjU
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Another reason usury was detested by the political authority.
The Jew lender “shylock” lends out the gold coin, and when the drunk speculator can’t pay he takes a pound of flesh. In modern times the Jew lender employs Italian mobsters to collect payments, big brother Vinnie will beat the crap out of you if you don’t pay up.
New movie shows modern UK gansta collection tactics (awesome kickass fight scenes):
Avengement (2019)
‘Betrayed by his loan shark brother, a hardened convict escapes from prison while on furlough to exact revenge against the people who made him a killer.’
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The raw violence around the lending of money shown in major Hollywood productions:
https://www.theguardian.com/film/2021/sep/09/the-30-best-mobster-movies-ranked
https://www.netflix.com/browse/genre/31851
Modern Usury and the Coming Greater Depression
The modern lending system is based on central banks who guarantee deposits and creates a liquid system for government bond sales. Governments enjoy “unlimited” borrowing, and ultimately the debt of the state is inflated away – under this modern usury system inflation is a permanent feature.
History leading up to our current debacle:
1. Back under the gold standard, people put their gold coin in a bank for safety. The banker would lend with a promissory note, a piece of paper that said redeem this at this bank for so much gold coin. Usury in this situation was lending more notes (to collect more interest) than the amount of gold in the vault. As soon as the depositors figured out the banker was scamming everyone they would cause a bank run and many would loose everything.
a. During the time period of gold standard, society was under constant deflation, as gold was limited prices would fall with ever increasing production. As a result of this never ending stress of limited money reforms were called out by all sectors of society.
b. The Wizard of Oz (#1 movie of all time) is about the problems of money. The Tin man is the iron workers, the scarecrow the farmers, the wicked witch the New York bankers, the flying monkeys are the thug enforcers, Dorothy’s silver shoes (in the book) represents the silver standard, the yellow brick road is the gold standard, OZ is the green city at the end of the yellow brick road – green for the new money – greenbacks and plently of them. Prosperity for all.
2. To stop the bank runs and ruination of society the banksters and political authority came up with central banking. The state would appoint the Fed governor, deposits were insured to stop runs, and the state could borrow unlimited amounts. Gold was abandoned for fiat script. Prior to the Federal Reserve the bank note was redeemable in gold coin. Then it became irredeemable by slight of hand in the first big pump and dump – the newly created Fed (1913) made bank credit easily available, the speculators borrowed on margin, the stock market went up exponentially, then the market crashed in 1929, the Great Depression ensued, Hoover and conservatism abandoned for the first socialist President FDR who made owning gold illegal.
3. After WW2 the banksters encouraged borrowing for everything, credit cards were issued for the first time to consumers (not producers). Back in the industrial revolution bankers only lent to those who could prove they could pay back with interest based on productive enterprise. The bottom line is post WW2 people were taught to use credit as a way of life.
4. By the 1970s, the inflated credit and Federal Reserve Notes (FRNs) piling up in foreign central banks led to a modern bank run. Led by France, the French demanded gold for dollars until Nixon cut them off in August of 1971. The next day with the dollar gold standard gone all fiat currencies floated against one another. Credit kept expanding along with inflation. By the late 1970s inflation became a problem so Paul Volker was installed and he had the balls to raise rates until inflation was crushed. That situation of “stagflation” seems to be repeating again in 2022, but we will see.
5. By 1980, inflationary decade reached a peak and Ronald Reagan wins by a landslide – the pain of inflation caused a return to conservatism. Dr. Ron Paul is appointed to head up the Gold Commission. Gold coins are made legal again. The Treasury is ordered to mint new gold coins and sell them to the public.
6. From 1980 to 2020 (40 years) inflation falls along with interest rates. This is called “disinflation”. Not out right deflation, but a deceleration of inflation rate. March 2020 was the all time low in 30 year Treasury bonds. Now interest rates are going up. They will continue to go up for at least 20 years. Take note of that everyone.
https://i.imgur.com/LVNo4tu.png
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Charts:
https://imgur.com/gXkZlC4
https://imgur.com/ooK6Jkv
Like 1929, but magnitudes bigger, margin debt got over $900 billion:
https://www.advisorperspectives.com/images/content_image/data/e4/e430484696515094c0942c709a31d891.png
https://i.imgur.com/YRyIYlc.png
https://www.unz.com/mhudson/what-is-causing-so-much-inflation/
The Fed follows interest rates up:
https://i.imgur.com/la9tgh0.png
https://i.imgur.com/59XZste.png
https://i.imgur.com/SvY7nbJ.gif
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If you want to see many excellent charts I have created you can find them at Unz.com
https://www.unz.com/comments/all/?commenterfilter=Yukon+Jack
Note: The charts take a lot of work to create and upload, so download them for yourself. The way Unz site works, find a comment by me and click on my name and it will sort all my comments I have ever made.
Voltman: https://www.unz.com/article/how-lbj-mooned-america/
see my comments in that one, lol (hint use edit, find on page, enter search term ‘yukon’)
carl – have heard of fractional reserve lending? who undertakes this? Have read about the Green Back and Bradbury pound issued at zero interest and immediately withdrawn. Hitler understood the problem and took back control of money supply. Hence the great strides he made in invigorating the german economy during the depression some 18months ahead of other countries. Have heard of fractional reserve lending that is the major culprit of all inflation and injury? do you understand that every loan made by banks is created from thin air with your house as security (real value) BUT you as a tax payer have to repay the capital and interest on non existing capital. ALL money supply should be taken back and placed under the control of the treasury and lent at zero interest. The amount of M1 in circulation should not exceed gross GDP and the value of a currency dependent on the goods and services of the country. Money is only a means of exchange.
The mechanics and purpose of currency we call money is mainly understood by the jewish credit cabal and misunderstood by gentiles who traditionally fail to stand up to jewish money monopoly in the face of targeted assassinations of jewish competition. Migchels is duped. Here is the basic outline of how to regain sovereignty with money:
We must live in national organizations called nations, at this juncture of population level. The one world order does not want any strong nations that can exempt themselves from NWO. All the nations are being sabotaged to ready capitulation to mosiach and world digital currency systems aided by satellites.
Nations alone, as non corporate treasuries backed by arms, should and must issue their own currencies. This was never made law in the US Constitution. Congress was allowed to decide about money and they immediately outsourced it to their jewish bribe masters. Money must be established by republican law of the land, not by democratic legislation.
National treasury money is fiat. We can live with fiat and inflation….but only if the people are the beneficiaries of usury and issuance. The buck stops with the lender and the lender is the people themselves. No private currencies are allowed and that strikes down Migchels’ junk, and Bitcoin. Smoke em if you got em but that is counter-fiat or counterfeit.
Usury is good. It represents the realistic time value of money. The people benefit. Gentile lenders are told by jews that usury is wrong. Then gentiles try to operate their own credit and soon fail because no business can sustain losses and forego profits. This failure is the plan behind smearing usury.
Migchels and Makow might or might not be sincere but they are simply too stupid to operate gentile finance and they lead goyim to capitulation to the jewish money master systems.
Hard money or metallic standard is not the crux issue. The real issue is who issues the fiat we all use. The fiat can be backed by nothing if it is issued by the nation and not a foreign jew bank. Rothschild admitted that the whole basis of his reign is allowing him to issue his counterfeit. Allow us people to run our own treasury paying us dividends to provide credit to qualified borrowers, and we will outlaw the racket that the jews have used for three thousand years, making war on all goyim. Our nations will put the jews in their place as no more chosen than anyone else, and they will lose the ability to buy politicians, media, and armies. Their racket will forever be criminal in all national constitutions. We will at last exit the Orwellianism and delusion phase of civilization and collect our birthright there where it lays right in front of us. Then we will fight to defend our sovereignty by whatever means necessary.
@ mike d- For a more mainstream approach see Prof. Richard Werner on you tube, then figure out how the system has been abused, ending up with the economic hitmen.
My comment is not here–I was saying that if gov. does the lending, Jews will soon take it over because the use of lending to kill and/or enslave goyim is the heart of their religion, what they have instead of God.
Lets say any nation would step out of
this rothschild dept system and create
its own usury free currency + other
nations would follow . what happens then ? :
ISRAHELL would nuke them on
ratschilds order !
tresmegistus: errr, yes I have, but it’s such well understood point on ‘here’ that it’s not worth mentioning, like explaining rain falls when it rains.
Mike D: ‘all amenities & comforts’ come from oil. Sure, they used financial fakery to get most of it out of the ground, but there are other ways. You don’t need to have corrupt financial practices to make this work.
Money is a medium of exchange, that is all it is.
kevin thrashbottom: the game has changed, regimes don’t pay interest, or very little, same for banks, corporations and the rich. Only the thicko sheeple get stiffed with interest and a medium of exchange which constantl loses value.
The sheeple put up with a system which prints debt and gives it for free to the banks, corps and rich.
The Daily Fail has a fun story today, ‘the average Brit will pay just over £1 million in tax over their lifetime’, so how does the country runs on such a low tax take?
If you buy a £10 widget, how much interest makes up that sale price? The answer is a lot. It is much worse if look at housing. Constructions and building suppliers pay huge amounts of interest which the banks collect, then some sheeple’s will take out a mortgage (death grip) and pay back anywhere between 2.5 and 6 times their original borrowing.
For some reason, the thicko sheeple love this system. WTF does our regime borrow debt from the City? Even Jeremy Corbyn suggested a ‘sheeple’s QE’, don’t tell me JC was a socialist.
Every sheeple could own their own home without a mortgage.
@ Yukon Jack
Great work, Yukon.
Surely, though, the movie of The Wizard Of Oz emasculates Frank L. Baum’s allegory?
By switching the silver slippers of the original story, for the film’s ruby slippers, the core meaning of the narrative is lost.
I think that The Wonderful Wizard Of Oz was written in response to the 1873 demonitization of silver in the U.S.
Dorothy makes it to the Emerald City, wearing silver slippers, upon a gold road, (the bimetallic standard, advocated for by the Populist Party) only to learn that neither is adequate because everything, ultimately, proves to be fraudulent anyway. The resolution of the tale, belies the notion that Baum was writing a paean to Populism. His satire targets the very principle of an Exchequer/ Treasury itself. “Oz” is simply a one ounce weight.
The film, in my opinion, very deliberately, obscures the meaning of the story and stands, I think, as one of the very worst cinematic interpretations of a novel ever made. It should be noted, however, that I’ve never been to Kansas – although, I hear that it’s quite a quick journey from England, these days, if you travel by way of tornado..
What a load of bollocks. Usury is evil because it places the self above others. It’s not difficult.1 Timothy 6:10-12
1599 Geneva Bible
10 For the desire of money is the root of all evil, which while some lusted after they erred from the faith, and [a]pierced themselves through with many sorrows.
11 [b]But thou, O [c]man of God, flee these things, and follow after righteousness, godliness, faith, love, patience, and meekness.
12 Fight the good fight of faith: lay hold of eternal life, whereunto thou art also called, and hast professed a good profession before many witnesses.