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.

Tuesday, November 18, 2014

In Pursuit of the Truth About Usury

I love the inquisitive expression on the boy's face as he asks the question:
One more article for sharing as we approach the end of yet another UsuryFree Week (November 13th to 19th, 2014 - The 10th Annual UsuryFree Week.

 By Tom J Kennedy

The exacting of interest (which ought to be correctly defined as usury) on debtor’s loans and mortgages has been so universally accepted for so long that any suggestion that diverts attention from the usual understanding of such is likely to be considered as outright heresy.

For the entire 20th Century and into this 21st Century, it has been taught by the “authorities” in the system that usury is a necessary and beneficial function of our orthodox, economic system of debt money.

This false teaching has been accepted by the multiple millions of debtors (individuals, families, businesses, governments, countries etc.) who are unknowingly subservient to their greedy creditors.

Over the years there has been some evidence of minimal dispute, but these occasional objections have a history of being “lunacy” and/or “impossible.”

The exacting of usury on money (show me any piece of money that can pro-create babies of its own accord?) has been the accepted, false teaching about money and the repercussions are now being felt by the debtors all over the world as we witness a global, economic decline.

During this 10th Annual UsuryFree Week, November 13th to 19th, 2014 (and for the other 51 weeks of the year) readers are invited to do some research on (a) the design flaw of usury and how it inflicts economic pain on debtors and (b) the usuryfree community currency movement and how it liberates its participants from the albatross of usury.

Find out if what debtors have taken for granted is factual or false in the light of Natural or Divine Law.

Some useful recommended resources to review as you pursue the “truth” about usury: 

1. Resources To Be Shared During The 10th Annual UsuryFree Week

2. Seeking UsuryFree Utopia in 2015 and Beyond

3. Hold Usury Unenforceable

4. My Presentation at the 3rd Annual World Conference on Riba

My Blogs:

5. The UsuryFree Eye Opener
6. The UsuryFree Network
7. UsuryFree Creatives
8. The UsuryFree SDI University

Relevant Quotes:

“Usuryfree trust is like communal trust - it is very co-operative, wholesomely honest, full of integrity and more vast than you can possibly imagine.” - Tom J. Kennedy

“Share what you know, so that other may learn ‘what they don’t know they don’t know.” Marvel at honour and rejoice in becoming usuryfree. Enjoy the beauty of the world about you in this incarnation. Steer a course that leads to universal truth and invites others to follow your path. Keep a vision in your mind, a song in your heart and respect the worth of each person with whom you come into contact. Love your fellow man and aspire to experience the reality of usuryfree living.” - Tom J. Kennedy

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Jekyll Island - A New Film Documentary

A new film documentary scheduled for release on December 4, 2014.

Witness the greatest rip-off in history: the real ways money and debt are created and controlled. This affects everyone on the planet, and is the root cause of all of our economic problems today.

What's the problem with the world economy? It's debt -- too much personal debt -- too much corporate debt -- and most importantly, too much government debt.

"People have a natural tendency to want to spend now and pay later. They will usually take any type of loans offered. It's the same for governments. If governments can spend by borrowing, they will do it. What's government's option; anger the voters in the here and now by having to raise taxes immediately to cover their reckless spending to get themselves re-elected? No way! If loans are offered, governments will always choose borrowing.

The problem is that debt carries interest and the interest is strangling the life out of the economy of every nation on earth.

But most importantly, it's not just the amount of interest paid to the banks - those who give the loans -- it's the control over political process this debt gives the banks. We can never fix the instability in the world economic system until we forbid government borrowing.

Why? Because as Proverbs warns us: "The borrower is servant to the lender."

Economic instability always favors the banks and financial speculators. Economic stability always favors we, the people and the cause of human freedom. If banks are in control of the money, there is NO WAY they will ever create a stable system.

This will come as a surprise to most people, but today nations do not control their national money supply. Today, most money is created by banks -- as loans. It's not what backs the money that is important. It is who is controlling the quantity. Today, banks are in complete control of the quantity of the money in every nation. As a result banks have seized control of the entire democratic process and will, by this seizure, reverse humanity's thousand-year march towards freedom.

The good news is that it doesn't need to be this way. Banks don't need to be in control. Governments don't need to borrow. Governments don't need a national debt.

This is a relatively recent phenomenon. As long as we allow government borrowing -- the cancer at the core of all our economic problems -- we will never return governments to true democratic republics. They will all be just shams -- fakes -- appearing to go through the motions of free elections when in reality the big banks have effective control over the democratic process. This means that no government which borrows from banks can ever pass effective legislation to reverse this usurpation of humanity's quest for political freedom.

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.

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Saturday, November 15, 2014

A Teacher in Mexico Dares To Teach About "Chemtrails"

Hans Oellers

"First teacher in the world who teaches about chemtrails at school! - Finally the truth is taught. In Mexico City a teacher in a University is talking about NWO topics to the students. As we all know normally these kinds of topics are forbidden to talk about. School books are manipulated and censored (like the media is). 

But Hans Oellers, a true activist and language teacher gives a shit about the "rules" and does it his own way. He says: "If we don´t wake up this and upcoming generations there will be no hope of a positive change. Children have to know what´s really going on and learn the truth. We have to open their eyes to fight the NWO with their dirty plans and save the future of humanity." 

Ok, it´s me, Hans - I hope more people copy my idea and help to wake up others (sheeple). It´s on all of us who are awaken. It´s not too late. We can do it!"

Spanish Translation:

"Primer profesor quién enseña a sus alumnos asuntos sobre el "Nuevo Orden Mundial". Su primer tema fue "Chemtrails". - Por fin se enseña la verdad. En la Ciudad de México un maestro de idiomas incluye estos temas en sus clases. Ya sabemos todos que normalmente estos temas son prohibidos y no se tocan en público. Los libros de enseñanza son manipulados y censurados (así como los medios son). 

Pero Hans Oellers, un activista y profesor de idiomas le valen mutter estas reglas y encontró su propio camino en la enseñanza. Él dice: "Si no despertamos esta generación y las que siguen no habrá esperanza para cambios positivos. Los niños deberían saber la verdad y lo que está pasando en el mundo. Tenemos que abrirles los ojos y combatir con este conocimiento los planes sucios del nuevo orden mundial y salvar la humanidad." - Bueno, soy yo, Hans Ya saben, soy muy rebelde y quiero lo mejor para todos. 

Espero que otros también hablen de estos temas para despertar a los que aún creen en los gobiernos y la tele. Todo depende de nosotros quienes conocen lo que está pasando. Aún estamos a tiempo. Y si se pued." 

NOTE: This posted is copied from the Facebook group titled: The Chemtrail Girls.

Wednesday, November 12, 2014

Seeking UsuryFree Utopia in 2015 and Beyond

By Tom J. Kennedy

November 13, 2014 is UsuryFree Day and the following week is the 10th anniversary for UsuryFree Week. It is exciting that more and more debtors are awakening to the need for a shift from usury-bearing, debt money to usuryfree community currency - with a specific focus on usuryfree time currency as the optimal choice for local, national and international trades or exchanges. 

Each year during UsuryFree Week - November 13th to 19th, usuryfree creatives share information and resources on two specific topics (a) the problems associated with the design flaw of usury on our orthodox, economic debt money system and (b) solutions as offered by the usuryfree community currency movement.

During this coming year, more local communities will launch a usuryfree community currency and it will be mutually beneficial for all who choose to participate. AND know that a usuryfree time currency is the optimal community currrency.

On UsuryFree Day (November 13th) and during UsuryFree Week (November 13th to 19th) and in fact for the other 51 weeks of the year, we-the-usuryfree-creatives invite debtors everywhere to participate in the re-education process by sharing printed documents and/or video documentaries on topics related to money, banking, usury-based debt money and usuryfree community currencies. 

Together, we are showing the economic world a new direction for monetary reform. All debt-burdened debtors will eventually follow our example. 

The voice of usuryfree creatives who reject usury and the New World Order has been sorely missing from the ongoing debates about cutbacks and the ever-present shortage of funds. The awakening of my fellow-Canadians is helping to shatter that silence. In recent months, I have been hearing from countless Canadians like myself and my family.

They are rejecting the erosion of freedom and the intrusion of the police state. They are sick and tired of being over-taxed while rising usury rates diminish their monthly earnings. They are sick and tired of usurious service charges on their debit and credit card accounts, thereby creating record profits for the banking corporations.

They are sick and tired of the relentless attempts by Big Brother to shore up their cash by instilling fear in merchants so that they are afraid to accept $50. and $100. bills for the purchase of products and/or services. And they are especially sick and tired of politicians at the municipal, provincial and federal level of government forsaking leadership - and selling out to the usury elitists.

In summary, they are sick and tired of being financially enslaved, foreclosed upon, bankrupted, unemployed, destitute and dispossessed when their property is being seized, They correctly view their earnings or money as their property as well as their material possessions. Fourteen years into this 21st Century, we the usuryfree creatives, who are awakening, are vowing to spend our money differently to achieve a different result.

Our plans for a local and national network of home-based and small to medium-sized community businesses nudges the door open to initiate barter and trade within our own loyal database whereby each of us will create and spend our own usuryfree time currency. It has been suggested that we refer to this new database as the Third Market Network.

Indeed, we-the-people are prepared to break the cycle of oppression now that we have identified it and learned from where it comes. To understand the enslaving effect of the design flaw of usury, we must understand a few things. What is usury? What is its function? Who is really in control of the usury machinery? What can we do to effect change NOW?

What is usury? Usury is the correct word to define “interest on debt” as exacted by bankers. Usury is never created and issued into circulation simultaneously with the principal when a loan or mortgager is issued by the banking institutions. BUT, usury is exacted as a monthly payment. Its function is to directly legalize plunder by stealing the wealth from we-the-people.

The banking syndicate is really in control of the usury machinery. They are rich and we are poor BUT we are changing that. We are making change happen by making conscious decisions to spend our money differently. Permit me to clearly explain the problem and then I’ll focus on the solution.

Contrary to popular belief, money for consumer loans/mortgages is not borrowed from depositors’ funds. For every new mortgage, personal loan or vehicle loan, new money (the principal) is created out of nothing by the stroke of a banker’s pen because the federal government has given him/her the license to do so.

The rate of usury which is exacted on the loan is never directly created, therefore, the usury rate percentage as demanded by the banker on the debt is never in our orthodox monetary system. Consequently, the debt can never be repaid, instead more money is borrowed into existence and the debt grows exponentially.

It is important to understand that if one individual or business is fortunate to be able to earn sufficient money to pay back the principal and the usury, it follows that another individual or business will be short of funds and face bankruptcy or foreclosure. This is the reality of the design flaw of usury. There is simply not enough money circulating in the monetary system for the sum of all our loans/mortgages to be paid back.

We-the-people are playing in a usurious game of financial chairs whereby we are all scrambling to earn sufficient money to pay our usury and taxes while the system teaches us to try to take advantage of each other to earn that little extra to ensure our financial survival.

We have come to accept that selfish gratification at the expense of others, is acceptable in this vicious cycle. The shortage of funds that causes debt slavery and permeates every level of society is directly related to the function of usury, and it’s everywhere. Our current usury-based monetary system is immoral and genocidal. It’s time to change it NOW by spending our money within home-based businesses and/or with small to medium-sized businesses in our respective local communities.

It is time that we-the-people create a Third Market Network to enable astute consumers to purchase our goods and/or services from within a loyal database. By committing to do so we can also revive the concept of negotiating trades/exchanges for the mutual benefit of all who choose to participate.

After all, why should we-the-people keep using their (the bankers’) money and keep paying them a fee (usury) when we can now create and spend our own usuryfree time currency for FREE?

By covering our wholesale costs with federal cash and agreeing to accept a portion of our profit margins in UFOH’s which will be gratefully accepted by other participating traders within the Third Market Network, we are empowering ourselves and re-building the spirt of local community.

Indeed, we-the-people can effect the change we envision NOW by making a conscious decision to spend our money differently in 2014 and beyond. As an informed and astute consumer, you are invited to embrace the SDI (Self Directed Income) industry and make a commitment to spend a portion of your monthly purchases of products from your own home-based business and from other participating SDI entrepreneurs, thereby facilitating the bartering process which is being networked by awakened leaders in the SDI industry. More relevant information is posted at the UsuryFree SDI University.

This is money that you are spending anyway to support your lifestyle, so you will be simply making an informed choice to spend the amount of money differently. There is no additional expense to simply switch your shopping habits to shop-at-home and there’s many benefits available to those preferred customers who choose to do so. 

Readers are invited to research the home-based businesses and the SDI industry and seek to network with active SDI entrepreneurs in your respective, local community, and make a conscious decision to participate as a trader within the usuryfree time currency movement as it becomes more popular in this 21st Century.

I have proposed a (UFOH) UsuryFree Ottawa Hour - with a value of $12.00 for one hour of basic, unskilled or student labour. (see sample below) 

We need to raise sufficient funds to print the paper notes of UFOH’s and invite willing participants to create a list of “offers” and “requests” and then we can start negotiating trades/exchanges.

For more information send an email to: with “Third Market Network” or “UFOH” in the subject line.

Sample of UFOH (UsuryFree Ottawa Hour)

NOTE: Other relevant articles for the 10th Annual UsuryFree Week:

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November 13, 2014 Is UsuryFree Day

 ... and this begins the celebration of the 10th Annual UsuryFree Week - November 13th to 19th, 2014...

Enjoy this poem titled:

It's UsuryFree Week, 2014

By Tom J. Kennedy 

It’s UsuryFree Week, it’s two thousand and fourteen,
Usuryfree living for most debtors is still unseen. 

Know that none of us is freed from usury,   
Until all of us are freed from usury. 
It is the usury that afflicts severe economic pain, 
On all debtors who are paying for their creditors’ gain.
These usury keepers are propelled by ignorance and/or greed,   
While more and more debtors for financial help do plead. 

Usuryfree creatives are leading the way, 
By bartering and trading for work and for play. 

They create and spend their own tokens for free,   
Using IOU’s, paper notes or blips electronically.
As locavores, they buy local all they can get,   
And save federal dollars to pay off their debt.
Each year in mid-November, workshops are planned,   
And we celebrate UsuryFree Day and Week across the land.
People gather in living rooms, kitchens and community halls,   
To learn what is not taught within conventional learning walls.
Problems are exposed and solutions addressed,   
Proven models are suggested to fix up what’s messed. 
The usuryfree symbol - the Winged Lion Awards,   
Are bestowed on pioneer leaders working towards,
Rebuilding community, shopping locally and simply giving,   
So that all people in this world can once again experience usuryfree living. 

More information in this article titled: 
The Tenth Annual UsuryFree Week (November 13 - 19, 2014) 

Another video clip that explains: UsuryFree Week & The Winged Lion Awards  

Resources To Be Shared During The 10th Annual UsuryFree Week

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Resources To Be Shared During The 10th Annual UsuryFree Week

The Tenth Annual UsuryFree Day (Nov. 13th, 2014) and Week (Nov. 13 to 19, 2014) - Lots more information at The UsuryFree Eye Opener

Below is a listing of relevant video clips and documentaries on YouTube about (a) usury and (b) usuryfree. Simply go to YouTube  and do a search for these titles or simply click on the links below.

NOTE: The number after the titled indicates the length of the video in minutes and seconds:

1. UsuryFree Day   3:43

2. Usury Free Week And The Winged Lion Awards    6:01

3. Good UsuryFree Philosophy   1 of 3     7:20

4. Good UsuryFree Philosophy   2 of 3      9:44

5. Good UsuryFree Philosophy    3 of 3     7:19

6. UsuryFree Week Pt 1                        9:12

 7. UsuryFree Week Pt 2                           10:01

 8. Usuryfree Week Intro                      7:39
9. UsuryFree Week 7th Annual Highlights        8:25

10. Usury - Mathematical Fraud Explained      12:28

11. USFW - Day 1 Sydney White lectures on the banking cartel, www3, and more 1/2                                                                       42:35

12. USFW - Day 1 Sydney White lectures on the banking cartel, www3, and more 2/2                                                                       37:52

 13. Usury-Free Currency Competes with Federal Reserve Notes      12:15

14. Tom J Kennedy @ Tommy UsuryFree Kennedy OR at any search engine search for: (My Presentation at the 3rd Annual World Conference on Riba)              37:59

NOTE:  For more in depth research about usury, money and banking, at any search engine  - search for these video documentary titles OR click on the links below.

15. Money - Who Creates It? Who Controls It?   1:05:16

16. The Money Masters                                            3:29:20

17. The Secret of Oz                                                 1:56:24

18. Turmel Pauper Party Occupy Toronto on UsuryFree Day at Conspiracy Culture, Nov. 13                                                                                1:13:44

19. The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4 | Mike Maloney                                                                         29:34

20. 12-Year Old Child Reveals One of the Best Kept Secrets in the World         6:43

21.  The Chicken Note                                    7:00

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Tuesday, November 11, 2014

Conspiracy Comfort Zone

 Patrick Whyte and Kandina Yu Conspiracy Culture Bookstore 
Small booksellers across the country are getting pummeled, but Conspiracy Culture lives on thanks to devoted followers with a yen for “alternative perspectives” on the world

 November 7, 2014

The owners of Conspiracy Culture, the Toronto magnet for books on alternative paradigms and out there ideas apparently didn’t get the memo about the demise of  independent Canadian bookstores.
But after eight years, Patrick Whyte and Kadina Yu have managed not only to keep the doors of their niche bookstore open. They’ve also attracted a huge following to Conspiracy Culture’s program of special in-store talks, presentations via Skype and discussion groups.

“The sense of community is imperative,” says Whyte, when asked about the key to the store’s success. “It’s probably equally as rewarding for us as it is for the customers, maybe even more so because you feel like you’re facilitating it.”

Back in August, Whyte and Yu loaded up three truckloads of books, magazines, DVDs and T-shirts and moved them from antique row at Queen West and Roncesvalles north to Bloor and Lansdowne.

It was shortly after 9/11 that Whyte and Yu found each other through mutual friends and common ideas. They shared an appetite for “alternative perspectives” one the world and soon found themselves in politically and spiritually-charged conversations late into the night.

Whyte was in the music business: artist management and concert production. Yu was a fashion designer for a small label. They combined their business savvy to realize their vision for a bookstore.

“We figured that if we get all this great material on all this great subject matter, organize some fantastic events, people are going to come,” says Whyte. “And they’re going to taste it and they’re going to think this tastes a lot better than [what] the news is telling them. It tastes a lot better than what my freaking government is telling them. It tastes a lot better than what the education system is telling them.”

Regulars and well-wishers have flocked to the new location to renew their fingertip acquaintance with Conspiracy Culture’s titles on 9/1, political conspiracies, aliens and UFOs, mythical beasts; and the occult and religion, among others.

Retired fish biologist Allan Wainio, has been scouring bookstores for esoteric titles on Sasquatch and flying saucers for decades. He was delighted when Conspiracy Culture first opened and he could pull impossible-to-get volumes right off the shelf.

“The store came along at just the right time,” says Wainio, 79, who is in the shop picking up a copy of Closer to the Light, the near-death classic by Melvin Morse, when I catch up to him.

Wainio has been a regular at the store since it first opened, browsing, buying and trading ideas with fellow travelers. “It really grabs you and you want to come again and again,” he says. “And you know that there are other people of like mind. I really enjoy that.”

Canadian UFOlogist, Victor Viggiani, an occasional presenter and facilitator at Conspiracy events, appreciates Whyte’s and Yu’s full-throttle support.

“No-one comes close to what Conspiracy Culture provides the local Toronto community,” says Viggiani. “In years to come this bookstore will stand as a bastion of freedom of thought and expression and will serve as an influential focal point for change.”

Yu says future events will be held in larger venues to accommodate all comers. Coming November 8:  George Noory, the host of Coast-to-Coast AM, the wildly-popular late-night radio talk show that delves into paranormal phenomena, time travel, alien abductions and the unexplained.

NOTE: This article is originally published at this website:

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Monday, November 10, 2014

The UsuryFree Eye Opener Celebrates 6,000,000 Visitors

Just reached the magic number of 6 million visitors to my blog - The UsuryFree Eye Opener during the day on Wednesday, November, 5, 2014 - just 2 months after we reached the goal of 5,000,000 visitors.
Though I opened The UsuryFree Eye Opener in 2005, I did not make many postings until 2009. So to reach the first one million readers it took about 5 years. The amazing statistic is that the following milestones of 3,000,000, 4,000,000, 5,000,000 and 6,000,000 visitors took much shorter periods of time -  and I have not used any SEO tools - all readers are by way of referral - mouth or mouse...

I do not know who was number the 6,000,000 visitor, BUT many thanks to the new readers and the regular readers at The UsuryFree Eye Opener. You inspire me to keep researching and sharing information that the mainstream media dismisses as "not newsworthy" and that "formal education neglects to teach."

Readers come from all over the world. This chart shows the readers for the past week. Countries with less than 278 visitors are not shown on the chart.

United States
United Kingdom        

 Readers are reminded that there is a twin blog titled "The SDI (Self Directed Income) Eye Opener" that focuses on (a) health and wellness issues and topics and (b) the SDI (Self Directed Income) industry - otherwise referred to as network marketing, multi-level marketing, referral marketing or consumer-direct marketing.

And readers are invited to "Like" "The UsuryFree Network" at Facebook and "Join" the group - UsuryFree Creatives at Facebook and likewise readers are invited to "Follow" Tom J Kennedy (Tommy UsuryFree Kennedy) at Facebook.

NOTE: Way back on January 22, 2013, I was excited that for the very first time, The UsuryFree Eye Opener had recorded 1000+ visitors for a single day and I wrote about that milestone in this article: The UsuryFree Eye Opener.

On January 11, 2014 when The UsuryFree Eye Opener achieved the milestone of one million visitors I posted this article titled: The UsuryFree Eye Opener Celebrates 1,000,000 Visitors

On April 26, 2014 when The UsuryFree Eye Opener achieved the milestone of two million visitors I posted this article titled: The UsuryFree Eye Opener Celebrates 2,000,000 Visitors

On June 24, 2014 when the UsuryFree Eye Opener achieved the milestone of three million visitors I posted this article titled: The UsuryFree Eye Opener Celebrates 3,000,000 Visitors.

On August 1, 2014, when the UsuryFree Eye Opener achieved the milestone of four million visitors I posted this article titled: The UsuryFree Eye Opener Celebrates 4,000,000 Visitors.

On September 5, 2014, when the UsuryFree Eye Opener achieved the milestone of five million visitors I posted this article titled: The UsuryFree Eye Opener Celebrates 5,000,000 Visitors.

On November 5, 2014, two months after achieving the milestone of 5,000,000 visitors we now have reached the milestone of 6,000,000 visitors - just prior to our celebration of the 10th Annual UsuryFree Day and Week.

Just by the increasing number of visitors from all over the world who are visiting my blog there is evidence of "awakening" and "consciousness raising." The chart below shows a summary of the daily number of visitors for the past month - ranging from 17,676 on October 16th to a low day on November 4th of 8,080. Most days registered visitors well beyond the number of 12,000. 
Each day the count starts at 8:00 PM (EST).

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Monday, October 27, 2014

Introducing "Freedom From Interest"

By Mark Alexander

Most people believe that interest is natural to money. However, the way in which money is created determines whether interest is applicable or not.

Two forms of money creation have dominated over the last 5000 years -- creating money out of credit and creating money out of gold or silver - with humanity going back and forth between centuries-long domination of credit money and centuries-long domination of gold and silver-backed money.

Credit money is newly created on the back of borrowers' creditworthiness. It is debt obligations enforced by civil law and backed by provisions for bad debt. Since credit money is legal agreements that require only paper and inexpensive credit risk insurance to create, credit money doesn't have to be borrowed from anyone and therefore doesn't attract interest - credit money is interest-free.

On the other hand, gold-backed money cannot be created as required by the demands of trade - the supply of gold-backed money is limited to the amount of gold in the world. Therefore there's not enough for everyone to trade their goods and services with. Those that are short of gold-backed money have to borrow it from the few that hold the world's gold-backed money and pay them interest for doing so. Gold-backed money bears interest.

The amount of credit money created matches what borrowers can afford and hence matches the amount of goods and services traded in the economy. Credit money is also backed by provisions for bad debt. Therefore the creation of credit money does not contribute to inflation. The gold supply, on the other hand, has no relation to the amount of goods and services traded in the economy. Gold-backed money is therefore inflationary and deflationary.

Many centuries ago, when taxes became payable in gold and interest-free credit money was outlawed, we were forced to abandon interest-free credit money and use interest-bearing gold-backed money instead. Those that were short of money now had to borrow it at interest from the few that held the gold supply instead of creating it interest-free and inflation-free. 

Once the generations forgot that we were forced to start using a form of money that continually and unreasonably transfers wealth, through the mechanism of interest, from the vast majority to a wealthy minority, we accepted interest as being natural to money and believed interest-bearing money to be the only option.

Although banks haven't used gold-backed money since the 1930's and only use credit money, we still pay interest on credit money even though it's mathematically illogical. The seeming complexity of our banking system -- called the fractional reserve banking system - obscures the fact that banks do not effectively lend out deposit holders' money but issue borrowers with newly-created credit money. 500 years of gold-backed money has apparently conditioned society to believe that interest-bearing money is the only option and that interest is due on the money lent out by banks.

Banks are not in the business of lending out deposit holders' deposits, as society purports them to be, but are actually credit clearing houses that clear our credit money of credit risk. In exchange for this service banks should only receive a credit risk insurance premium and an administration fee but on top of this banks charge interest to pay over to deposit holders.

Luckily it's again legal for people to create their own credit money systems. As long as we pay our taxes in our interest-bearing official currencies. The only significant interest-free credit money system in place in the world today is one in Switzerland which is used by 25% of all Swiss businesses. No wonder Switzerland has had one of the most stable economies in the world since a group of Swiss businesses created this interest-free credit money system in the 1930's to help themselves out of the Great Depression.

Go to to learn more.

NOTE: This article is originally published at this website:

 NOTE: This article is also posted at this website:

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The Tenth Annual UsuryFree Week (November 13 - 19, 2014)

By Tom J. Kennedy 

Here is a brief backgrounder about the forthcoming “Tenth Annual UsuryFree Day/Week. For more relevant information visit this blog - The UsuryFree Eye Opener, and/or these social networking groups for The UsuryFree Network and UsuryFree Creatives.

Otherwise, do a search at any search engine for the words (UsuryFree Day) and/or (UsuryFree Week) and you'll access lots of relevant information.

In the future, UsuryFree Day is expected to become even more popular than Earth Day as people learn the 'truth' about the problems associated with the design flaw of usury and how it affects our orthodox system of debt money. Besides learning about the problems associated with usury, the solutions as offered by usuryfree creatives are also presented.

Did you know that Earth Day has become one of the most popular global celebrations to date, with an estimated one billion people participating in the activities in thousands of places all over planet earth. By the way, the first Earth Day was on April 22nd, 1970. The first UsuryFree Day was on November 13th, 2005. When will there be one billion+ usuryfree creatives celebrating UsuryFree Day? Let's make it happen at an even faster pace!!
UsuryFree Day is celebrated each year on November 13th. The week from November 13th to 19th is designated as UsuryFree Week. The focus on UsuryFree Day and Week is (a) on the problems attributed to the design flaw of usury as the killer machine that keeps debtors in financial slavery, generation after generation and (b) the optimal solution as offered by the usuryfree community currency movement - that we-the-people learn how to create and spend our own usuryfree community currency and use it first for shopping locally and later we can develop inter-active, online trading so that we can negotiate trades/exchanges nationally and eventually internationally.

Each year, during UsuryFree Week, Winged Lion Awards are distributed to individuals and/or groups that have been nominated for their work and achievements to help usher in a new age of usuryfree living.

Indeed, usuryfree creatives are re-educating themselves and others about the evils of usury on our orthodox, economic system of debt money and about the power and potential of we-the-people learning how to create and spend our own usuryfree community currency as we seek to re-build our respective, local communities.

There is now much evidence that our orthodox economy of usury-based, debt money is crumbling before our eyes. During UsuryFree Week (and during the other 51 weeks of each year) usuryfree creatives are inviting people everywhere to re-educate themselves on the 'truth' about money money creation.
As we make plans to celebrate the Tenth Annual UsuryFree Day and Week from November 13th to 19th, 2014, we are inviting people everywhere to organize local events during that week. 

An Event in Ottawa on Friday, November 14, 2014: (Free Admission)

1. Our kick-off event is scheduled to take place at Cinema Academica, University of Ottawa, Ottawa Ontario, Canada on Friday evening, November 14th, 2014. Watch for follow up details of this event and other events during this Tenth Annual UsuryFree Week.

Sydney White

2. Sydney White has asked me to attend her lecture at the University of Toronto on Monday, November 17th at 6:00 PM - as this date is during the 10th Annual UsuryFree Week. Patrick White (Conspiracy Culture) has posted the schedule of Sydney White's lectures at this website: - complete with details of the location of the lectures and directions of how to get there.

3. Mark Russell from Canada The Nation will interview myself on Tuesday, November 11, 2014 at 8:00 PM (EST) - watch for more details.

NOTE: Canada -The Nation at Facebook 

NOTE: Alan Park from (Conspiracy Queries) interviewed Sydney White on September 18, 2014. The interview is posted at this link:

During UsuryFree Week each year, guest speakers are commonly invited to talk about how usury is the direct and/or indirect cause of wars, violence, poverty, scarcity and lack and how usuryfree living is possible for everyone on this planet as we progress into this 21st Century. Otherwise, it is common for people to show a DVD or video in their home, or in a church basement or  local community centre followed by a discussion with those who choose to attend.
Usuryfree community currencies are commonly referred to as the 'economic lifeboats' and more of these are expected to be launched so that we can survive locally when their usury-based Titanic goes down. Let's make this Tenth Annual UsuryFree Day and Week widely known through the process of viral marketing by 'word of mouth' and by 'word of mouse.'

NOTE: See various samples of usuryfree community currency in this album at this website:

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