The UsuryFree Eye Opener

The UsuryFree Eye Opener is the electronic arm of the UsuryFree Network. It seeks active usuryfree creatives to help advance our mission of creating a usuryfree lifestyle for everyone on this planet. Our motto is 'peace and plenty before 2020.' The UsuryFree Eye Opener publishes not only articles related to the problems associated with our orthodox, usury-based 1/(s-i) system but also to the solutions as offered by active usuryfree creatives - and much more for your re-education.

Thursday, June 11, 2015

My Project - My Natural Healing Journey - An Update



By Tom J Kennedy 

Some regular visitors have been wondering why I have not been very active with postings at The UsuryFree Eye Opener or The UsuryFree Network or The SDI Eye Opener for the past 6 months.

The main reason is that since I was diagnosed with an aggressive skin cancer labelled "parotid squamous cell carcinoma" I have been researching and pursuing natural treatments/therapies rather than accepting the "sickness and disease" solution of "cut, burn, poison" otherwise referred to as "surgery. radiation, chemotherapy.'

I bless and accept this unique journey now, though, I was very angry and upset with the initial diagnosis and the suggested conventional treatments. I did make the mistake of permitting a surgery. It failed on two counts. 

My advice to anyone who thinks they might have a "skin cancer." Do NOT let any doctor cut into the "abnormality" unless s/he can guarantee that s/he is capable of completely removing the "abnormality." Because, it was too risky for the doctor, he had to stop before he removed all of the "abnormality."

After the operation, the abnormality grew quickly to become almost 5 cm in diameter and about 1.5 cm think. A hard lesson learned - for if I know than what I know now, I would never have let the doctor try an operation to remove a skin cancer.

During the surgery, the doctor cut the nerve to my fight eye and now my right eye no longer winks and blinks so I have to add Refresh tear drops on a regular basis. AND the doctor could not cut out the entire mass of cells - so as commonly happens the mass started to grow at a faster rate after the operation. 

My advice - do not let any doctor cut into a cancer unless s/he can guarantee that the operation will be successful. If it is not successful, what happened to me will happen to another - the cancer always grows after it has been cut into BUT not completely removed. The critical point is that these doctors know that a "cancer" spreads when it is cut into but not completely removed BUT they neglect to clarify this point before they commence a surgery.

If you think any skin blemish might be a skin cancer, start doing alternative treatments immediately and do NOT let any doctor persuade you to do surgery unless s/he can guarantee that the "abnormality" can be completely removed.

After the diagnosis, I immediately started my research for alternative treatments/therapies and I have met many competent, alternative, health practitioners on this unique journey. At a future date, when the abnormality on the right side of my face is healed, I will share details about the skills and talents of the alternative health practitioners who have been facilitating my healing processes as well as the various resources that I have learned about on this journey.

In the past couple of weeks, the abnormality on the right side of my face has changed significantly. It is my prayer, hope and intention that it is deteriorating and dissolving - with the various, suggested alternative therapies that I have been following.
From a spiritual dimension, and now understanding the importance and significance of positivism, prayer and intent etc. I am accepting of this journey and I am intrigued that my health challenge is the "cancer" of "health and wellness" while "usury" is the cancer of "conventional economics." We must take action to heal "cancer" and abolish "usury" forever.

A while after the initial diagnosis, I accepted the possibility that the root cause of the cancer was emotional and partly rooted in my anger towards the "usury-based debt money system." - Perhaps I have been too focused on the evils of usury and not enough energy put forth to promote the "usuryfree lifestyle." In any case, the universe forced me to step back for the past six months as I embarked on "My Natural Healing Journey."

Just this week, an SDI (Self Directed Income) entrepreneur who has been following my progress and knew of the many expenses that I have been incurring in pursuit of optimal health and wellness, invited me to explore "Crowdfunding" as an option to raise some funds to cover my "health and wellnes" costs - which are not covered by our "sickness and disease' syatem. In response, I have enrolled with We$hare and I have posted a series of relevant articles at the SDI Eye Opener
In summary, we have two cancers to eliminate (1) the physical disease labelled "cancer" and (2) the "usury" on our debt-money system.

My health is improving every day and soon I'll be back on track to do my part to help usher in the New Age of UsuryFree Living ....

Your thoughts, prayers, good wishes, good intentions are graciously welcomed as well as any alternative treatments/therapies that have helped others to heal abnormalities in a natural way. (tom@cyberclass.net
Enjoy this day!
Tom J. Kennedy aka "Tommy UsuryFree Kennedy"

At IQ-Unite: Tom J Kennedy 
 
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Saturday, March 21, 2015

Jekyll Island

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Jekyll Island

In this powerful, eye-opening film, investigative journalist and award-winning filmmaker Bill Still (“The Money Masters” and “The Secret of Oz”) unravels the secretive 1913 formation of the privately owned Federal Reserve and the creation of National Debt by Senator Nelson W. Aldrich and representatives of J.P. Morgan, Rockefeller and Kuhn, Loeb & Co., at Jekyll Island in Georgia, USA . Still reveals the greatest rip-off in history: the real ways in which money and debt are created and controlled. Jekyll Island argues the case that economic depressions are abnormal, that nations across the globe do not need national debt, and that governments are not printing too much money, but borrowing wildly. In the face of mounting debts and a reduction in the standards of living worldwide, he explains that those who are profiting from this crippling financial problem, want us, the public, to remain confused about what money really is and how it was created. However, Jekyll Island’s good news is the claim that we can fix this global problem, without wars or a revolution; just a clear understanding of the problem and its surprisingly simple solution.



Yekra Player
Yekra is a revolutionary new distribution network for feature films.
Jekyll Island
In this powerful, eye-opening film, investigative journalist and award-winning filmmaker Bill Still (“The Money Masters” and “The Secret of Oz”) unravels the secretive 1913 formation of the privately owned Federal Reserve and the creation of National Debt by Senator Nelson W. Aldrich and representatives of J.P. Morgan, Rockefeller and Kuhn, Loeb & Co., at Jekyll Island in Georgia, USA . Still reveals the greatest rip-off in history: the real ways in which money and debt are created and controlled. Jekyll Island argues the case that economic depressions are abnormal, that nations across the globe do not need national debt, and that governments are not printing too much money, but borrowing wildly. In the face of mounting debts and a reduction in the standards of living worldwide, he explains that those who are profiting from this crippling financial problem, want us, the public, to remain confused about what money really is and how it was created. However, Jekyll Island’s good news is the claim that we can fix this global problem, without wars or a revolution; just a clear understanding of the problem and its surprisingly simple solution.

Tuesday, January 06, 2015

The Uniting of UsuryFree Creatives and SDI Entrepreneurs





By Tommy UsuryFree Kennedy

During the past thirty+ years, the thoughts and actions of the pioneering usuryfree creatives have spread from rural British Columbia to countries all over the world, making a profound impact not only in the movement of usuryfree living, but also in the overall achievement of consciousness-raising of the whole planet.

While cultural creatives are said to be the leading edge creators of a new global culture, the usuryfree creatives are defined as a significant sub-group within the 50+ million cultural creatives who are described in the book The Cultural Creatives: How 50 Million People Are Changing the World‚ authored by Paul H. Ray, Ph.D. and Sherry Ruth Anderson, Ph.D.

Usuryfree creatives are re-educating themselves about our orthodox economic system of usury-based debt money. Through a self-imposed process of re-education, usuryfree creatives are transforming the consciousness of we-the-people. Indeed, usuryfree creatives from all across Canada (and the world) are un-learning the lies, deceit and deception that have been foisted upon them and their ancestors for centuries as they read books, attend lectures and follow self-imposed courses of study using the world wide web of resources available on the internet.

The usuryfree creatives are re-learning the basics of wealth creation from a unique perspective. Proposals for usuryfree community currency projects are surfacing from many different individuals and groups. Though only some of these blossoming projects are focused on usuryfree time currency, given the ease of modern technology, their respective infrastructures can be easily adapted to use the optimal unit of a time-based currency which can be traded globally without the headaches of exchange rates.

These usuryfree creatives admit to formerly being financially enslaved as debtors, otherwise defined as victims entrapped in a culture of usury. As debtors they were subservient to their greedy creditors (bankers) whose economic domination is evidenced by their theft of wealth from the middle class by the exacting of compound usury.

As debtors and for lack of knowledge about how the design flaw of usury really functions, they were submerged in a painful economic reality in which the experience of usuryfree living was forever illusive. Only recently, have the debtors been offered resources to facilitate their re-education process.

Thanks to the pioneering usuryfree creatives, debtors are now learning that the current, usury-based system of orthodox economics is forever causing the debtors to experience economic pain because the design flaw of usury malfunctions to cause wars, violence, poverty, scarcity and lack.

Usuryfree creatives commonly confront the many problems caused by the design flaw of usury and turn their attention to the usuryfree community currency movement as one of the major planks in any platform that seeks to abolish the culture of usury.

Over the past thirty+ years, the usuryfree creatives have engaged in a process of study and active participation that has produced various workable exchange and/or trading models that are being implemented in local communities all over the world.

From situations of active participation in the struggle to liberate debtors chained by the albatross of usury, these usuryfree creatives are liberating men and women as they evolve towards a usuryfree lifestyle. These usuryfree creatives are developing a new economic perspective which is authentically different and which seeks to facilitate the transition to a concrete reality of usuryfree living in this 21st Century.

These innovative thoughts on the philosophy of usuryfree living first emerged in the early 1980's after Michael Linton created the usuryfree LETS (Local Employment Trading System) software. The LETSystem model has been widely used in local communities all over the world since 1982.

Pioneering usuryfree creatives have written and published many articles, booklets, and books during the latter years of the 20th Century. As we progress into this 21st Century, active usuryfree creatives are producing CDs and DVDs as well as hosting live seminars and workshops.

Additionally, there are an abundance of relevant postings at YouTube. For here is a link to: My Presentation at the 3rd Annual World Conference on Riba.

And Alan Park recently interviewed me for Conspiracy Queries. The description is at this link:
http://www.conspiracyqueries.com/2014/12/episode-73-tom-kennedy.html
AND the actual interview is at this link:
http://www.diamondfieldmedia.com/conspiracyqueries/alanpark73.mp3

The above interviews have been lauded as excellent introductory lessons about the problems associated with the creation of money as debt and the growth of any debt as accelerated by the design flaw of usury, as well as some solution-oriented ideas involving the SDI (Self Directed Income) Profession.

Indeed, usuryfree creatives are becoming aware of the abstractness and sterility of the conventional and erroneous teachings by orthodox economists. And they are excited about evolving processes midst our ongoing struggle to experience the reality of usuryfree living in this incarnation.

Usuryfree creatives believe that the development of an online database that will serve to facilitate trades/exchanges locally, nationally and internationally will inevitably lead to the ultimate financial freedom for everyone on this planet.

In fact, the pioneering usuryfree creatives anticipate that such an online database will accelerate the mission of usuryfree living and mark the beginning of a new era of peace, prosperity, and abundance for all.

The SDI (Self Directed Income) Profession has been identified as the most likely segment of the sales and marketing profession to facilitate the advancement of the usuryfree community currency movement. Why? Because the SDI Profession gives anyone and everyone an opportunity to enrol with an SDI company, become and SDI entrepreneur and gain access to products and/or services at wholesale prices. Then as an SDI entrepreneur, that individual can market these products and/or services to consumers and negotiate all trades/exchanges using a percentage of federal cash and a percentage of any usuryfree community currency.


Usuryfree creatives are encouraged to enrol with SDI opportunities and take a leadership role in advancing the usuryfree resolution.

The SDI Profession now offers an abundance of products and/or services for consumers. Therefore, I recommend that all SDI entrepreneurs make a commitment to purchase as many products and services as possible from other SDI entrepreneurs. Indeed, SDI entrepreneurs are invited to change the way they spend their money and spend it within the SDI Profession instead of with the giant, transnational retail corporations.

Ultimately, I anticipate that creative SDI entrepreneurs will launch models of usuryfree community currency to facilitate trades/exchanges within their respective networks. SDI entrepreneurs can help each other by buying from each other.

Indeed, the thoughts and experiences of the pioneering usuryfree creatives when twinned with the actions of the SDI entrepreneurs will make significant contributions towards creating the reality of usuryfree living for everyone in this 21st Century.

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Saturday, December 20, 2014

The Coming Crash: Usury and the Irrelevant Church

By Damon Vrabel
Please, let us stop this usury! - Nehemiah 5:10
NOTE:  Damon thinks this is one of the most important articles he’s written. I think it’s powerful and should get you thinking regardless of your personal views. I also think it’s important to note that he is addressing religion from this perspective, “We need to avoid dialectical conflict... left vs. right, religion vs. non-religion, black vs. white, immigrant vs. citizen, etc. We need to come together to fight the monetary powers that are bringing us all down together.” - Amen to that.

It’s been a wild couple of weeks—increasing unemployment, Greek debt crisis, yet another ridiculous bailout, pressure on Goldman Sachs, accusations of commodities manipulation by JP Morgan Chase, and new freakish levels of market volatility that might be signaling the next phase of market collapse. The many day-to-day issues can leave us dazed and confused, so most people ignore them. Huge mistake.

They are all related to the most powerful force on earth that controls our lives because it is the very foundation of our society—usury. We are ruled not by governments anymore but by financial powers that use interest-bearing debt to exert control over governments, corporations, and people. Almost all other political issues with which we concern ourselves are secondary symptoms of or purposeful distractions from this larger narrative that is never reported by the Wall-Street-funded media. Sadly the church has remained silent as well.

Explaining the details can be extremely complicated, but the basic core to understand is that the US government issues no money. Instead all money comes from private banking institutions with interest attached. At times in the past the US government issued real money for people to use—US notes and coins. But today all money comes from the Federal Reserve’s private banking system by putting the US government, i.e. 308,000,000 Americans, in debt. If the US government were not in debt to the banking system, the American people would have no money.

More technically, the Fed and its Wall Street cartel banks like JP Morgan Chase and Goldman Sachs make billions by doing nothing but controlling our money. They have the monopoly license to create the core money in our system from holding US Treasury bonds on their balance sheets. These bonds represent the debt of the United States. Thanks to interest, the bonds pull a large portion of our wages to the banks. The primary purpose of the IRS is to take your wages to pay the interest back to the banks. In effect, Wall Street owns a good bit of your labor. And the more bonds they hold, i.e. the more debt the population is in, the more money they make thanks to the interest flows and the profits from gambling on your debt. The system is very much one of “us vs. them.” Such is the nature of monopoly power and usury.

Economics and Morality

Controlling others and living off their backs by forcing them to borrow with interest in order to have any money is called usury (this does not include standard, self-liquidating bank loans to businesses to fund production). It is a system that ensures everything we do, whether in the public or private sector, feeds Wall Street and the controllers above it. It creates a two-tiered societal pyramid of money pushers on top vs. money users on bottom. The power differential is huge. Everyone is hostage. In doing something as simple as buying food to survive, we contribute to usury because we only have usury-based money, not real money. Like the slaves who built the Egyptian pyramids, today we are stuck building an invisible pyramid of monetary power.

In such a system there is never enough money to pay back all the interest to the money pushers. The only solution is for the money users—government, corporations, individuals—to borrow more. This is the reason our debt continues skyrocketing to increasingly insane levels. It isn’t about politics, but the fundamental exponential math underlying the system—the users must borrow more and more to pay back interest and keep the system afloat. Such math is guaranteed to fail. Iceland and Greece have reached the point of failure. The rest of the Europe and the US will experience failure as well. Then we will see money and assets vacuumed up the pyramid by the money pushers—the banking establishment that owns the collateral and can take your property.

The exponential math not only creates exponential debt growth, but also exponentially increasing:
  • Scale – government and businesses keep getting bigger; we get smaller and local communities lose their meaning
  • Velocity – the hamster wheel keeps spinning faster; human life suffers
  • Consumption – we buy more and more things that break more quickly
  • Production – we make more and more things that break more quickly
  • Inflation – the dollar buys less and less; we can’t seem to make progress
None of these things have to happen in an economic system. They only happen in ours because of debt-based money, usury, that greatly benefits the top of the pyramid while everyone else suffers to a certain degree depending on their level in the pyramid.

So this system is guaranteed to fail due to not only the impossible math, but also the fundamental immorality. Taken together those five issues paint a horrible picture. Republicans blame Democrats and vice-versa. Nope. It’s all a very simple result of a system based on usury, which used to be considered profoundly immoral. It was a fundamental violation of every major religion. It still is for Islam, but Christianity succumbed long ago. They thought a free market economic system would be beneficial, but got snookered into thinking that usury had to be part of that system. On the contrary, monolithic usury kills the free market.

Our monetary system is a top-down controlling machine, not a free market. It is run not by government, but by the most powerful financial interests in the world. Some people feel in their guts that someone must be stealing from them because they just can’t get ahead no matter how hard they work. Well that’s because it’s true—someone is legally stealing from them. The simple math of usury pulls money from people on the bottom of the pyramid who create real value toward those at the top who create no value. MBAs and others serving the system must reckon with this truth rather than remaining blind. Farmers understand it well, having lost their property over the years to the bankers. Families feel it in the fact that it’s difficult to get enough money to feed the kids compared to 50 years ago when one parent could work a standard week and feed a family of five. Everyone in the system will feel it once the debt system collapses as it is doing in Greece.

Living off the backs of others was called feudalism 300 years ago. It was slavery 100 years ago. Today it’s called the “free market” thanks to the propaganda and fraud of neoclassical economics. It completely ignores the truth of our monetary system, the math behind it, and the eventual collapse that will result from it. Greece is giving us a glimpse, but it is only a mild pre-game warmup compared to what’s coming. The world will rue the day it was ever seduced into accepting usury and the illusion of prosperity driven by nothing but debt.

The Irrelevant Church
On this issue of monolithic usury, the issue from which many of our other problems spawn, the church seems to have no voice. Recently, an older church leader told me, “Keep it up, this needs to be addressed, but you have more guts than me, I don’t want to be killed.” Sobering comment, to be sure, but in the shadow of Gandhi, Dietrich Bonhoeffer, Oscar Romero, and Martin Luther King, is the church now impotent? Are its leaders now too afraid to speak truth to power, to stand against darkness? Or is the problem that the church is, like most of us, fooled by the myth that we live in a free market so we don’t realize we are immersed in an immoral system of controlling usury?

Lower class Greek citizens are now learning the painful truth about the mythical free market. A few of them have died as the police brutally repress them to enforce the usury system for the rich bankers like Goldman Sachs. Where is the voice of Bishop Romero? “I order you, stop the repression!” Iceland learned the lesson a few months ago. Several other populations have learned the lesson in the past as the controlling debt peddlers punished, conquered, and restructured their countries (Indonesia, Malaysia, Thailand, India, Argentina, Chile, Mexico, England, etc.). The same lesson is coming to the rest of Europe and the United States. But again, the church seems to be oblivious. It failed to heed Martin Luther King’s warning, “One of the great liabilities of history is that all too many people fail to remain awake…today our very survival depends on our ability to stay awake.” The church has fallen asleep.

The Dialectic of Left vs. Right
A possible reason is that the church has been co-opted by the manipulative left vs. right civil war created by the corporate media. In fact, Protestant denominations have split into conservative vs. liberal camps so they war against each other—Wall Street is brilliant at divide and conquer. Some sermons in conservative denominations sound like speeches from conservative politicians. Liberal Christian magazines sometimes seem to be just liberal political magazines with an added dash of Jesus.

Postmodernism should inform us that the left vs. right narrative is contrived to keep people from noticing the real power structure behind Wall Street that controls our lives. As long as the church submits to the false framework, church leaders will be “safe.” But that means they will also be irrelevant because they are not speaking to the primary narrative in our world that has always caused problems and is getting ready to unleash far more pain and poverty in the near future—the issue of monolithic usury and debt servitude. By not speaking against usury, the church has become a pawn of it. So the church has largely been conquered by the same concocted civil war that has divided society.

Dollar Tyranny
Another reason the church may be silent is the simple fact that it depends on money just like everything else does. Since all money in our system comes from usury, it is difficult to even notice it. And what authority would the church have to speak against it since it is itself complicit in it? Anybody or any organization that uses a Federal Reserve Note or a credit/debit card, which everyone must do, is unknowingly participating in usury because, again, all of that money comes from the bonds held by Wall Street. But knowingly or not, how could the church or any organization speak against the very thing that fuels its own existence?

The church’s tax-exempt status may be another reason for the silence. Tax exemption is one of the powerful ways the financial empire system influences and controls other entities. If the wrong person says the wrong thing, the IRS has the ability to suddenly remove the exemption, which doubles the cost of running that organization. The church never should have submitted to such tyranny over what may or may not be said.

Comfort of the Middle Class Bubble

Finally, it seems the comfort provided by the monetary system for the great mass in the middle, which is a key part of the church, keeps us from wanting to really think about it. The illusion of peace and prosperity that has lasted for so long has been nice. Some of us even thought we had that comfort because we were better people, so God blessed us. Reckoning with the truth will be painful for those who believe this. The fact is that our perceived comfort today is a result of the darkness of usury. The middle can only exist because there is a bottom that keeps our system afloat. They are the only reason the middle class exists. Moreover, the comfort is currently an illusion because most in the middle class don’t realize how indebted they are. Total unfunded liabilities currently hidden on the government’s financials put each American in an extra $300,000+ in debt that they currently aren’t aware of. That debt comes from the fact that, again, our money comes from usury.

Since the bubble was built on usury, its very existence is immoral, and everyone who participates in it becomes infected. It is also flimsy because usury means the bubble is sustained by debt. Many are already aware of the hollowness of the bubble since it has destroyed the fabric of our communities and a sense of deeper meaning in life. But others are able to ignore that and focus on the material comfort. What will happen to them once the material comfort itself crashes? It will soon. Some market forecasters predict the final collapse of our debt system will be worse than the Great Depression. The math is clear—it will be worse. Just like Greece, we will then see Wall Street paying the government to crackdown on the people, cancel social programs, and take their assets from them to hand them over to the upper class behind the banks. That is the end result of usury—using debt to control others and take their assets so they have no equity. At that point it will be too late for the church to save the lower and middle classes from violent repression and the upper class from their narcissistic detachment from the horror.

“Silence is Betrayal”

So is there a wing of the church that has not yet sold its soul? Is there a remaining Christian voice against usury, or are Muslims the only people in the world who stand against it? The church must wake up to the truth of our system and become relevant again. This is the civil rights issue of the 21st century, only this time it is not black vs. white but a few money pushers vs. the great mass of users. The power of the bond market is getting ready to wreak havoc. We’re all in it together this time. As Martin Luther King said, “There comes a time when silence is betrayal….That time has come for us today.” Will the real church please speak up?

Damon added the following commentary, “We are heading toward a very dark future, unless we fix it, because our system is built on a fundamental evil--usury. This force has taken over not just our economic system, but our governments, our lives, and everything else from schools, to nonprofits, to families, and even the church. I hope the word gets out on this one. And if you attend a church, regardless of religion or denomination, I think the leadership needs to be informed about this.” 

NOTE: This article is originally published at this website:
http://economicedge.blogspot.nl/2010/05/damon-vrabel-coming-crash-usury-and.html


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Saturday, December 06, 2014

Dis-Accumulation on a World Scale: Pillage, Plunder and Wealth


Introduction:


Over the past 30 years, wealth has grown exponentially and has become increasingly concentrated foremost in the upper .01%, then the .1%, followed by the 1% and the upper 10% – 20%.


The large scale, long-term concentration of wealth has continued through booms and busts of the real economy, the financial and IT crises. Wealth grew despite long-term economic recessions and stagnation, because the so-called recovery programs imposed austerity on  80% of the households while transferring public revenues to the rich.


The so-called ‘crises of capitalism’ has neither reversed nor prevented the emergence of an international class of billionaires who acquire, merge and invest in each other’s activities. The growth of wealth has been accompanied by the pillage of accumulated profits from productive sectors which are stored as wealth not investment capital.


The dispossession of capital and its conversion to private wealth subsequently led to the rapid expansion of the financial and real estate sector. Capital accumulation of profits has been the source of private accumulation of wealth at the expense of wages, salaries, public welfare, and state revenues.


The growth of private wealth at the expense of productive investments is a world-wide phenomenon which has been facilitated by an international network of banks, political leaders and ‘regulators’ centered in the United States and England.


The single most important aspect of private wealth accumulation on a world-scale is criminal behavior by the elites in multiple locations and involves the violation of multiple laws and regulations.


The Chain of Illegality: From Exploitation of Labor to the Pillage of the Nation


The original source of private wealth is the exploitation of labor by capital,of which a small percentage of the profits are reinvested in expanding production in the ‘home market’ or overseas. The bulk of the profits are transferred into financial networks which in turn illicitly channel the funds into overseas accounts.


The movements of profits ‘overseas’ takes multiple forms (transfer pricing, phony invoices, etc.) and  they are primarily converted to private wealth. These ‘international movements’ of profits are largely composed of mega-thievery or plunder by political and business leaders from ‘developing countries’. According to the Financial Times (17/11/14, p2).  “Up to $1 trillion (dollars) is being taken out of developing countries every year through a web of corrupt activities involving anonymous shell companies that typically hide the identity of their true owners”. (my emphasis)


The $1 trillion of stolen profits and revenues from the ‘developing countries’ (Africa, Asia, South America) are part of a “corruption chain” which is organized, managed and facilitated by the major financial institutions in the US and UK. According to a World Bank report in 2011 “70 percent of the biggest corruption cases between 1980 and 2010 involved anonymous shell companies. The US and UK were among the jurisdictions most frequently used to incorporate legal entities that held proceeds of corruption” (Financial Times, 17/11/14, p2.).


This process of “taking out” or pillage of developing countries feeds into rent seeking, conspicuous consumption and other non-productive activity in the ‘developed countries’ or more accurately the imperialist states.  The principle beneficiaries of the pillage of ‘developing countries’ by the local elites are their counterparts in the top 1% of the imperial countries, who control, direct and manage the financial, real estate and luxury sectors of their economies.


The very same financial institutions in the imperial countries (and their related accountancy, legal and consultancy arms) facilitate the pillage of trillions from the ‘developed’ countries to offshore sites, via massive tax evasion operations, hoarding wealth instead of investing profits or paying taxes to the public treasury.


Long-term, large scale pillage and tax evasion depends on the central role, at both ends of the world economy, of the financial sector. This results in the ‘imbalance of the economy’ – predominance of finance capital as the final arbiter on how ‘profits’ are disposed.


The extremely narrow membership in the dominant financial sectors means that its growth will result in greater inequalities between classes. A disproportionate share of wealth will accrue to those who pillage the revenues and profits of the productive sector. As a result so-called ‘productive capitalists’ hasten to join and lay claims to membership in the financial sector.


The links between ‘productive’ and ‘fictitious’ capital or financial swindle capital, defy any attempt to find a progressive sector within the dominant classes. But the effort to enter the charmed circle of the dominant financial 1% is fraught with dangers and risks . . . because the financial sector has a very dynamic and super-active capacity for swindles.


The entire process of de-capitalizing the economy is underwritten in the US by the financial elite’s controls over the executive branch of government, especially the ‘regulatory’and enforcement agencies -Security Exchange Commission, the Treasury and Justice Departments.


Financial institutions facilitate the inflow of trillions of dollars from the kleptocrats in the developing countries as well as the outflow of trillions of dollars by multi-nationals to off-shore tax havens. In both instances the banks are key instruments in the process of dis-accumulation of capital by dispossessing nations and treasuries of revenues and productive investments.


The ‘hoarding’ of MNC profits in offshore shell companies does not in any way prevent speculative activity and large scale swindles in the for-ex, equity and real estate markets. On the contrary, the boom in high-end real estate in London, New York and Paris, and the high growth of luxury goods sales, reflects the concentration of wealth in the top .01%, .1% and 1%. They are the beneficiaries of ‘no risk’ pillage of wealth in developing countries, receiving lucrative commissions and fees in laundering the illicit inflows of wealth and outflows by tax dodging multi-nationals.


The Inverted Pyramid of Wealth


A small army of accountants, political fixers, corporate lawyers, publicists, financial scribblers, consultants and real estate promoters make-up the next 15% of the beneficiaries of the pillage economies. Below them are the 30% upper and lower middle classes who experience tenuous affluence subject to the economic shocks, ‘market volatility and risks of downward mobility. Below them, the majority of wage, salaried and small business classes experience declining incomes, downward mobility, rising risks of mortgage foreclosure,  job-loss and destitution among the bottom 30%.


Despite wide variations in the class structure between ‘developing’ neo-colonial and developed imperial states, the top 1% across national boundaries has forged economic, personal, educational, and social ties. They attend the same elite schools, own multiple private residences in similar high end neighborhoods, and share private bankers, money launderers and financial advisors. Each elite group has their own national police and military security systems, as well as political influentials who also co-operate and collaborate to ensure  impunity and to  defend the illegal financial flows for a cut of the wealth….


The investigatory authorities of each developed country tend to specialize in prosecuting rival financial institutions and banks, occasionally levying fines – never imprisonment – for the most egregious swindles that threatens the ‘confidence’ of the defrauded investors.


Yet the basic structure of the pillage economy, continues unaffected – in fact thrives – because the ‘show’ of ‘oversight’ and judicial ‘charges’ neutralizes public indignation and outrage.


The Decisive Role of Dis-Accumulation in the World Economy


While orthodox economists elaborate mathematical models that have no relationship to the operations, agencies and performance of the economy and ignore the real elite actors which operate the economy, Leftist economists similarly operate with theoretical premises about capital and labor, profits and capital accumulation, crises and stagnation, which ignore the centrality of pillage, dis-accumulation, and the dynamic growth of wealth by the international 1%.


The research center, the Capital Financial Integrity Group provides a vast array of data documenting the trillion dollar illicit financial flows which now dominate the world economy.


US MNCs have ‘hoarded’ over $1.5 trillion dollars in overseas shell companies, ‘dead capital’, to avoid taxes and to speculate in stocks, bonds and real estate.


Mexico’s ruling elite organizes massive illicit financial flows, mostly laundered by US banks, ranging from $91 billion in 2007 to $68.5 billion in 2010. The massive increase in illicit financial flows is greatly facilitated by the de-regulation of the economy resulting from the North American Free Trade Agreement (NAFTA). Contrary to most leftist critics the main beneficiaries of NAFTA are not Canadian mine owners or US agro-business or auto manufacturers – it is the US and Canadian financial and real estate money launderers.


From 1960 to 2010 the Brazilian 1% pillaged over $400 billion dollars. These illicit financial flows are laundered in New York, Miami, London, Switzerland and Montevideo. In recent years the rate of pillage has accelerate:  between 2000 -2012 illicit financial flows averaged $14.7 billion a year. And under the self-styled ‘Worker’s Party” (PT) regime of Lula DaSilva and Dilma Rousseff, $33.7 billion in illicit outflows were laundered annually – 1.5% of the GDP. Much of the pillage is carried out by private and public “entrepreneurs” in the so-called “dynamic” economic sectors of agro-minerals, energy and manufacturing via ‘trade mispricing’, import overpricing and export underpricing invoices.


According to a study published in the Wall Street Journal, (10/15/12), China’s elite’s illicit financial flows top $225 billion a year – 3% of national economic output. China’s 1%, the business-political elite, finance their children’s overseas private education, providing them with half million dollar condos. Illicit flows allow Chinese ‘investors’ to dominate the luxury real estate markets in Toronto, Vancouver, New York and London. They hoard funds in overseas shell companies. The Chinese corporate kleptocrats are the leaders in the drive to deregulate China’s financial markets – to legalize the outflows.


The scale and scope of China’s elite pillage has provoked popular outrage that threatens the entire capitalist structure – provoking a major anti-corruption campaign spearheaded by China’s President Xi Jinping. Thousands of millionaire officials and business people have been jailed, causing a sharp decline in the sales of the world’s luxury manufacturers.


India’s capitalists- as kleptocrats – have long played a major role in de-capitalizing the economy.  According to the Financial Times (11/24/14, p3) the Indian elite’s illicit financial flows totaled $343 billion dollars from 2002 to 2011. The Indian Finance Ministry immediately threw up a smoke screen on behalf of the 1%, claiming the Indian elite had only $1.46 billion in Swiss accounts. Most of India’s wealthy have taken up with holing their illicit wealth to  Dubai, Singapore, the Cayman and Virgin Islands as well as London.


India’s neo-liberal policies eased the illegal outflows. Massive corruption accompanied the privatization of public firms and the allocation of multi-billion dollar assets such as mobile phones, coal fields and energy.


Indonesia, – percentage-wise is the leader in the outflow of illicit flows – fully 23% of annual output. The 1% elite of foreign and domestic capitalists, plunders natural resources, timber, metals, agriculture and dis-accumulates. Profits flow to foreign accounts in Tokyo, Hong Kong, Singapore, Sydney, Los Angeles, London and Amsterdam.


Ethiopia, with per-capita income of $365 dollars, is the site of vast pillage by its ruling elite. From 2000 to 2009, over $11.7 billion dollars in illicit financial flow was laundered mostly by US banks. These outflows enriched the Ethiopian and the US 1% and provoked famine for Ethiopia’s 90%.


Conclusion


The illicit financial flows surpass the capital invested in productive activity. The process of dis-accumulation of capital through relocation is channeled to overseas shell corporations and private bank accounts and beyond into financial holdings and real estate. The accumulation of private wealth exceeds the sums invested in productive activity generating investments and wages. 

Massive perpetual tax evasion means higher regressive taxes on consumers (VAT) and wage and salaried workers, reductions in social services, and austerity budgets targeting food, family and fuel subsidies. The past thirty years of deregulated capitalism and financial liberalization, is a product of the financial takeover of state regulatory agencies. The signing of free trade agreements has provided the framework for large scale long-term illicit financial flows.


While illicit financial flows have financed some productive activities, the bulk has vastly expanded the financial sector. The absorption of illicit flows by the financial elite has led to greater inequalities of wealth between the 1% – 10% and the rest of the labor force.


Illicit earnings via mega swindles among the largest and most respected US and EU banks, has curtailed the amount of capital which is available for production, profits, wages and taxes. The circuits of illicit capital flows militate against any form of long-term economic development – outside of the wealth absorbing elites which control both the financial and political centers of decision-making.


The growth and ascendancy of financial elites which pillage public treasuries, resources and productive activity, is the result of an eminently political process. The origins of de-regulation, free trade and the promotion of illicit flows are all made possible by state authorities. First and foremost, finance capital conquered state power – with the cooperation of “productive capital”. The peaceful transition reflected the interlocking directorates between banks and industry, aided and abetted by public officials rotating between government and investment houses.


The entire African continent was pillaged by billionaire rulers, many former nationalist politicians (South Africa), ex-guerilla and ‘liberation leaders’ (Angola, Mozambique, Guinea Bissau), in collaboration with US, EU, Chinese, Russian and Israeli oligarchs. Trillions of dollars were laundered by bankers in London, New York, Zurich, Tel Aviv and Paris. 

Growth of the commodity sector bolstered Africa’s decade long expanding GDP – and the mega-outflows of illicit earnings. World-wide, billionaires multiplied profits ‘received’, but wages, salaries, pensions and health coverage declined! Swindles multiplied as outflows accelerated in both directions. The higher the growth in China, India, Indonesia and South Korea the bigger and more pervasive the corruption and outflows of wealth-led by “Communist” neo-liberals in China, Indian “free marketers” and Russian “economic reformers”.


The World Bank’s and IMF’s proposed “economic reforms”  ‘freed’ the incipient political kleptocrats of controls and unleashed two-sided illicit financial flows – laundering funds from abroad and establishing trillion dollar offshore tax dodging citadels.


Illicit swindles dwarfed earnings from ‘capital accumulation’. The relations between capital and labor were framed by the organization and policies dictated by the directors and operators of the trillion-dollar financial networks based on the pillage of treasuries and the wealth of nations.


The center of China’s growth is shifting from manufacturing and the exploitation of labor, to real estate and “financial services”, as worker’s demand and secure double-digit increases in wages. The exploiters of labor turned predators of the national treasury.  Under the pretext of “stimulating” the construction sector, real estate speculators in tow with Communist Party officials, absconded with over a trillion dollars from 2009 to 2014. According to Jonathan Anderson of the Emerging Advisors Group “over a trillion dollars” has gone missing in China in the past five years (Financial Times, 28/11/14, p 1.).


Factories still produce, agro-business still exports, the paper value of high tech companies has risen into the high billions, but the ruling 1% of the system stands or falls with the illicit financial flows drawn from the pillage of treasuries. To replenish pillaged treasuries, regimes insist on perpetual ‘austerity’ for the 90%: greater pillage for the 1%, less public revenues for health care which results in more epidemics. Less funds for pensions means later retirement — work till you die.


The plunder of the economy is accompanied by unending wars – because war contracts are a major source of illicit financial flows. Plunder oligarchs share with militarists a deep and abiding belief in pillage of countries and destruction of productive resources.  The one reinforces the other in an eternal embrace – defied only by insurgents who embrace a moral economy and who proclaim the need for a total change – a new civilization.

NOTE: This article is originally published at this website:
http://www.99getsmart.com/dis-accumulation-on-a-world-scale-pillage-plunder-and-wealth


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Saturday, November 29, 2014

The Evil of Usury



Reprinted from: http://www.newdawnmagazine.com.au

"The rich ruleth over the poor, and the borrower is servant to the lender."

- Proverbs 22:7
By Jason Jeffrey
Alas, the above is only too true today as it was when formulated. The rich rules over the poor - an ages long fact. The borrower is servant to the lender - and what is the method used by the lender: the insidious system of usury. The whole case against usury is too large to cover in the space of an article so the following is a concise and brief explanation of the workings of this fraudulent system.
For the many readers who are aware of these little-known facts, the following will serve as a timely reminder and hopefully, an incitement, to inform the many innocents who are daily losing their farms, houses and businesses as a result of this unjust system. Even more urgent is the need to educate the young before they embark on a future relationship with their bank or financial institution. There is no turning back once those loan papers have been signed: you are trapped right up till the day you pay it off.

For the readers who have never been fortunate to know the following, they may well be shocked and even angry. They will be angry at the banks, the Establishment that permits such a swindle, and in fact, thrives off such a swindle.
Money
"For the love of money is the root of all evil."
- 2 Timothy 6:10

"The most sinister and anti-social feature about bank-deposit money is that it has no existence. The banks owe the public for a total amount of money which does not exist. In buying and selling, implemented by cheque transactions, there is a mere change in the party to the whom the money is owed by the banks. As the one depositor's account is debited, the other is credited and the banks can go on owing for it all the time.

"The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick.

"This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so 'dangerous' as it destroys money just when it is most needed and precipitates a slump.

"There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative."
- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.

As the above makes clear, banks are able to manipulate "money" using various methods like the debiting of one account and the crediting of another, and so on, thus "balancing" the accounts. Banks also "create" money in more ways than one, through a trick that will be looked at later on.

Economists use the term "create" when observing the process by which money comes into being. Thus, creation means making something that did not exist before.
A sawmill makes boards, workers build houses from timber, a glass-blower makes fancy glass ornaments. In these examples, they did not "create", but converted already existing materials into a more usable, and thus more valuable form.
However, money "creation" is somewhat different. Here, and here alone, man "creates" something out of nothing. Pieces of worthless paper are printed, given various denominational values, which can be used to purchase, for example, a glass ornament. Its value (of the money, or piece of paper) has been "created" literally out of thin air.

As we can see from the above, manufacturing money is dirt cheap, and whoever does the "creating" and issuing stands to make impressive profits.


The Supply of Money
"Let me issue and control a nation's money and I care not who writes its laws."
- Attributed to Mayer Amschel (who later changed his surname to Rothschild and founded the largest financial dynasty ever to exist in its influence and power).

The proper use, distribution and supply of money is of vital importance to the efficient running of society. Modern societies are completely reliant on an adequate supply of money.

Without money, industry would grind to a halt, farms would become mere self-sustaining units, surplus food would disappear, jobs requiring one or more workers would remain unfinished, transport of all goods would cease, hungry populations would kill and steal to stay alive, and government would collapse leading to complete anarchy. It is not hard to imagine the catastrophic conditions created if money was to completely vanish.

Money remains the life-blood of society; money flows throughout society just as vital nutrients flow throughout the body, giving sustained growth, development and vitality. Money is the method by which goods and services are exchanged; remove money or hamper supply and the results will be disastrous. We need only recall Australia's Great Depression of the 1930s.

Bankers Depression of the 1930s
Australians all know about the Great Depression and the extremely hard times it brought about; but what of its causes?

In 1930, Australia did not lack industrial capacity, fertile farmland, or skilled, industrious and willing workers, residing in both the city and country. Already, extensive systems of reasonably efficient transport and communications were in place. War had not ravaged the cities or countryside, nor had famine devastated the land and its population. The one thing that industry and commerce lacked was a sufficient supply of money.

In the early 1930s, Bankers, who were the only source of new money or credit, deliberately refused loans to industry, commerce and agriculture. However, payment on outstanding loans was demanded, which led to a rapid decrease in the circulation of real money.

This caused a complete standstill; jobs could not be done, goods and services could not be purchased. This ploy by the greedy Bankers placed Australia in the Great Depression of the 1930s, and moreover, placed extensive amounts of businesses, private dwellings and farms in the hands of these same Bankers.

The people, not understanding the system, were in a helpless position, and were cruelly robbed of their hard-earned savings and property; they were told things like "times are hard", "money is short", "everyone is suffering." These same statements come to mind when recalling them being made during Australia's recent so-called "recession".

This was "a 'recession' we had to have," the politicians proclaimed; and one I'm sure the banks loved to have. If you should have the opportunity, a check on how the banks faired during the so-called "recession" will reveal sustained and increased profits, with an abnormal increase in acquired property assets!

Money for Peace? No! Money for War? Yes!
"The Rothschilds can start or prevent wars. Their word could make or break empires."
- Chicago Evening American, December 3, 1923.

World War II ended the Great Depression. Overnight, the same Bankers who had no money for housing, food and clothing, suddenly had millions to lend for Army barracks, uniforms, rations and weaponry.

This was a remarkable reversal in policy by the Bankers. They simply began pumping millions upon millions of dollars back into the economy when war was imminent. The Great Depression ended because of the war!

There will be some who believe that a war will lead to a "boom economy" because it leads to a massive increase in activity and production. This fallacy is easily exposed: If we were able to manufacture millions of tonnes of war equipment, dump it in the desert and blow it up, would we therefore have a "boom economy"?

On the contrary, wars create huge debts to the Bankers who are able to expand the money supply and lend more money out. In the case of a war, the victor nation would have to seize the assets of the defeated nation, occupy its place in the international trade system, and thus, sometime in the future, be able to pay back all its debts (including interest) to the Bankers who made the war possible in the first place. Big banks, that have traditionally been owned exclusively by a few collaborating families, can change the course of history and have done so for much of this century.

Usury
"Who goeth a borrowing goeth a sorrowing."
- Benjamin Franklin

The only method through which new money (not true, real money, but "credit" representing a debt) can go into circulation in Australia is when it is borrowed from Bankers. When large amounts of money are borrowed and utilised within society, an illusion of prosperity appears. Thus, when "credit" is loaned out to borrowers, more wealth circulates within society giving the outward appearance of abundance. Of course when it comes to paying that money back, there is the question of usury or interest. As "credit" is borrowed out, interest accumulates at ever-increasing rates as we will soon see.

The transaction of borrowing money proceeds as thus:

The applicant applies to borrow X amount of dollars from a Banker. The Banker, by the stroke of his pen, issues the applicant the principal (the amount borrowed), i.e. "creates" the borrowed amount. This amount does not come from individual bank accounts. The Banker lends the applicant nothing tangible (i.e. gold, silver, paper or ink) on credit, they lend the applicant intangible CREDIT on credit!

Thus, the problem of limited supply is circumvented; the Bankers are lending noTHING which means they can go on lending forever. A highly profitable venture indeed.
To conceal the fraud of lending nothing, Bankers charge interest, whereby borrowers (of nothing) agree to return more imaginary "credit" than they borrowed.

The borrower whose original loan consisted of principal only, must also pay an extra amount that the Banker specifies (interest). Therefore, the new money never equals the new debt added. The amounts needed to pay the interest on the original loan is not "created", and therefore does not exist!

Under this insidious system, the new debt will always be larger than the new money; as more money is needed to pay back interest, less money becomes available. This whole system is particularly unjust when one realises that he/she is repaying intangible principle ("created" by the bank) as well as interest (which is conceived from the "created" principal!)

The above can be illustrated by the following:

The applicant borrows $60,000 to purchase a home, farm or business, and the Bank has the borrower agree to pay back the loan PLUS interest. At just 14%, the borrower must repay $710.92 per month for 30 years. The Bank obtains its "mortgage" over the property and the borrower receives a $60,000 cheque from the Bank which is credited to his/her bank account. The borrower then writes cheques to the builder, contractors, other institutions etc. These persons in turn write cheques. Some $60,000 of new cheque-book money has been added to the money supply.

However, the flaw with this usury system is this: the only new money created and injected into circulation is the principal of $60,000. The money required to pay the interest was NOT created and was not put into circulation.

In the above case, the borrower must earn and take out of circulation $255,931, almost $200,000 more than he put into circulation when he borrowed the original $60,000. Every new loan, big or small, puts this same process into operation. The borrower adds a small amount of money to the total supply of money and deducts more than quadruple the original sum (as in above example) to meet his "obligations".
Another example given below illustrates the year by year progression of a loan for $100,000 at 20% interest for 15 years. Take note that the borrower has repaid the principle after five years of payments! The borrower continues to pay the bank a total of $216,134 over the next ten years.

The inevitable outcome of this system is the diminishment of money in circulation to the point where a depression will be imminent. Money increasingly disappears into the Bankers coffers leaving less and less in circulation. Debtors struggle against each other, vying for new loans which will mean more "created" money and more interest. The banker accrues vast sums of real money and credit that he will gamble on the stockmarket, etc. The Banker will also accumulate all types of property assets, snatched from bankrupt farmers, businessmen etc.

The Banker who produces nothing of value, slowly, then more rapidly, gains a death grip over the land, buildings and labour of future generations. The borrowers have become the servants of the lenders and have placed themselves on the economic treadmill of debt.

Banks Always Prosper - Through the Bad and Good Times
Though millions of financial transactions are carried out every year, very little money actually changes hands. 95% of all "cash" transactions are done by cheque. The Banker is perfectly safe in "creating" the so-called "loan" by writing the cheque or deposit slip, not against real money, but against your promise to pay it back! The cost to the banker is stationary and wages.

The Greatest Swindle Ever!
"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it all back again. However, take it away from them, and all the great fortunes like mine disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits."
- Sir Josiah Stamp (President of the Bank of England in the 1920s, the second richest man in Britain)

Hidden under a veneer of respectability, integrity and competitiveness, the Banker awaits his next unsuspecting victim. The Banker is partaking in the biggest swindle of all time, and he knows it. The Banker's wealth, power and influence extends the world.
We are ruled by a capitalist Bank-owned Mammon that has usurped the mantle of government, and set about to pauperise and control the people. It is now a centralised power-hungry apparatus which promotes war, steals the people's wealth and uses every type of propaganda to keep its position.

The Banker realises that an under-educated, ignorant and confused population is easier to subvert than a healthy and intelligent people. The ruling Establishment therefore promotes all manner of degeneracy, decadence and corruption including drug use, sexual perversion and trivialities.

Through the use of high technologies, the Banker and his other plutocratic cohorts will have a most efficient and complete control over a nations finance and thus increased powers to amass even more wealth through their evil use of usury.

The future will give way to an even larger increase in financial transfers done not only by cheque but by computer transfers that the consumer/borrower will execute from ATMs (Automatic Teller Machines) and home computers. When 100% of all transactions are processed in this manner, the cashless society will have been reached - a Banker's paradise. The cashless society will be the ultimate instrument in social control; no more tax evasion, no more "extra money on the side", no existence outside the system.

So what can we do about this incredible rip-off? We can warn as many people as possible about this deceitful system and we can tell them not to participate AT ALL. The evil that lurks behind usury must not under any circumstance be supported or encouraged. When enough people realise this iniquity they will develop alternative methods of raising funds. They will come together in new community structures; independent from the old, decrepit worn-out Establishment.

For the love of money is the root of all evil; and the evil that exists at the base of materialistic societies will one day be rooted out and forever destroyed.
The above article appeared in
New Dawn No. 16 (
November-December 1992)