Debtors’ Revolt and UsuryFree Resolve!

By Tom J. Kennedy aka “Tommy UsuryFree Kennedy”

It is important to note the difference between a ‘Revolt’ and a ‘Resolve.’ Revolt means to break away from or a rise against constituted authority, as by open rebellion. Resolve means to come to a definite or earnest decision, to determine to do something.

It is common that debtors are prone to revolt when they are awakened to the details of how they are being financially fleeced by the creditors. it is during this process of awakening, fortified by an abundance of re-education about money creation that they are likely to learn about usuryfree creatives and their resolve to experience the reality of a usuryfree lifestyle in this incarnation. In summary, the debtors’ revolt is awakening the debtors who are invited to become usuryfree creatives armed with the usuryfree resolve.

Indeed, it is prudent for debtors to revolt or rise up against our orthodox, economic system of usury-based, debt money. It is perhaps even more important that debtors be open to becoming fully re-educated on concepts about money creation and how the function of ‘interest’ or ‘usury’ is designed to favour the creditors at the expense of the debtors. Along with this process of self-imposed, re-education there must be advocacy for the usuryfree community currency movement complete with a resolve from all who choose to participate to shop locally and thereby commit to changing the way they spend their money.

Likewise, it is equally important to take note of the fact that ‘debt’ is not the real problem. It is the growth of the debt that is the real problem. A simple IOU can be a piece of paper with an amount written above or below one’s signature. An IOU is held by a creditor as a debt that is owned by the debtor and as per the contractual arrangement, it will be redeemed or paid off by the debtor within a prescribed time. When there is growth on any original debt, it is directly caused by the function of ‘interest’ or ‘usury.’

The real problem associated with the ever-present shortage of money, is the design flaw of usury on our orthodox, economic system of usury-based, debt money. Without a doubt, it is the function of usury, that creates the positive feedback in the orthodox, economic system. This positive feedback is directly related to the ongoing and ever-present shortage of money that causes wars, violence, poverty, scarcity and lack.

Our orthodox economic system relies on contractual agreements between creditors and debtors to issue ‘debt-money’ into circulation. These contractual agreements commonly have a ‘usury’ component attached to them by the creditor at the expense of the debtor. Few debtors bother to inquire about the source of the ‘interest’ or ‘usury’ portion of any loan or mortgage because they mistakenly believe the creditor is lending depositors’ funds. Creditors definitely do NOT lend out depositors’ funds to debtors.

When debtors are convinced (by mind-control) that interest - which ought to be correctly called usury - on money is necessary, they accept without question the current state of violence, war, poverty, scarcity and lack that continues to dominate the world in a negative fashion as we progress into this 21st Century.

It is essential to fully understand how the debt cycle begins, evolves, grows and ends. The debtor requests a loan or mortgage from a creditor. The creditor produces a promissory note for the debtor to sign. The signature of the debtor on this promissory note permits the creditor to create and issue brand new money that is now backed up by the asset of the debtor. This asset is listed or referred to on the promissory note. This brand new money becomes the principal of any loan or mortgage granted to the debtor by the creditor. It commonly shows up as simple computer blips on the debtor’s account and it will disappear again when the debtor pays back the principal plus the ‘interest’ or ‘usury.’

Now a key question arises. What about the ‘interest’ or ‘usury’ portion of any loan or mortgage It is noteworthy that the creditor never creates the ‘interest’ or ‘usury’ portion of any loan or mortgage granted to the debtor. The debtor has unknowingly signed an impossible contract and is now expected to hustle in the marketplace and earn enough money to pay both the principal and the ‘interest’ or ‘usury.’

Now think of what happens in the economy when all of the debtors are hustling to earn enough money to pay back the principal and the ‘interest’ or ‘usury’ portion of their loans and/or mortgages. Of course, there will be winners and losers and debtors will learn to lie, cheat, steal and become greedy along the way as they strive to survive in a world where 99% of the debtors have unknowingly signed impossible contracts with their respective creditors. Anyone skilled in elementary mathematics will soon realize that indeed, it is the design flaw of ‘interest’ or ‘usury’ that creates the ever-present shortage of money while breeding the vice of greed.

It has been suggested by usuryfree creatives, that “interest” or “usury” ought to be abolished and replaced with a simple service charge that would be issued and put into circulation, simultaneously, by the creditor when the principal of any loan or mortgage is authorized. This amount of the service charge could be calculated so that it pays a fair wage to those whose responsibility it is to administer and manage the financial facility that is granted the authority to create loans and/or mortgages. All debtors and creditors would acquire full knowledge about this new model of money creation.

In the meantime, while more and more oppressed debtors are being motivated to revolt against their greedy creditors, it might very well be the optimal time to raise the awareness of both the creditors and the debtors to realize that we are all players in a rigged game – not of ‘musical chairs,’ but rather a rigged game of ‘financial chairs’ – where there will always be winners and losers – until we resolve to change the rules of this financial game.

Indeed, it is time for a “UsuryFree Resolve” to become the second oar on the financial lifeboat that was previously launched with the one oar now commonly known as the “Debtors’ Revolt.” Ann Minch, from California initiated the “Debtors’ Revolt” when she posted her video clip on YouTube on September 8, 2009. Her complaint focused on one of the high profile creditors – the Bank of America – and how this entity was gouging debtors with high ‘interest’ or ‘usury’ rates.

Ann Minch’s initiative has motivated countless thousands of debtors to action as her initial video clip, her follow-up video clips and video clips of others go viral on the world wide web. It is interesting to note that debtors’ everywhere are now using the world wide web to untangle their misunderstandings about money creations and the function of “usury” on debt. The Debtors’ Revolt has exposed some of the basic problems associated with ‘interest’ or ‘usury.’

Enter the “UsuryFree Resolve” to offer more critical, background information about why debtors are always in financial distress and held subservient to their creditors. UsuryFree Creatives who promote the “UsuryFree Resolve” have been researching and exposing the problems as associated with the orthodox, system of usury-based, debt money and offering solutions rooted in the usuryfree community currency movement.

With the two oars moving in synchronicity, the oar of the “Debtors’ Revolt” and the oar of the “UsuryFree Resolve,” our economic lifeboats can be guided towards the islands of “usuryfree living” – where everyone who agrees to participate will experience, love, peace, prosperity and abundance as they live the reality of usuryfree living.

The key element of the growing usuryfree community movement is that we-the-people who are participating as usuryfree creatives, are learning how to create and spend our own usuryfree community currencies to be used to facilitate local trades and/or exchanges of talents, services and products. These community currencies are free of ‘interest’ or ‘usury’ and that is why they are called ‘usuryfree’ and that is precisely why they are empowering those consumers who choose to participate.

People are learning how to use these usuryfree community currencies as a complement with their diminishing amounts of federal cash. They make sure to cover any wholesale costs in federal cash when they are negotiating trades or exchanges and they accept a portion of any retail mark-up in the usuryfree community currencies of their choice.

The back-end teaching is very important at this juncture. By watching DVDs such as “Money As Debt,” and “Money: Who Creates It? Who Controls It?," participants are learning things about money creation that formal education neglected to teach. Do a search for these DVDs at any search engine and/or buy your own copy. Contact the UsuryFree Network for details on how to purchase your own hard copy of these DVDs.

For those who like to read there are abundant resources posted on the internet. A good starting place is The UsuryFree Eye Opener – where indeed, you will have your eyes opened: http://usuryfree.blogspot.com

When people grasp the concept that banks (creditors) do NOT lend our depositors’ funds and that the ‘interest’ or ‘usury’ portion of any loan or mortgage is never created and put into circulation, the lights go on.

This is the motivator that moves them to action. They realize that if they can use any usuryfree community currency to purchase more and more of the necessary products and/or services from local businesses, for themselves, their families and businesses, then they can use their spare federal cash to pay off or pay down any debts – because it is the growth of these debts by the function of ‘usury’ that is killing them financially.

Each year, during UsuryFree Week, (November 13th to 19th) usuryfree creatives anywhere and everywhere on planet earth host meetings/gatherings in their respective local communities to share knowledge, information and resources with those who are ready and willing to “learn what they don’t know they don’t know” about winners and losers in our conventional, usury-based, debt money economy. UsuryFree Day is designated to be on November 13th and UsuryFree Week follows from November 13th to 19th. In November 2009, we will be celebrating the Fifth Annual UsuryFree Week.

Make plans now to (a) attend a meeting or gathering in your local community or (b) create an event in your local community and invite family, friends, neighbours, working colleagues etc. to attend. Simply show a video clip or DVD on a topic related to our orthodox system of usury-based, debt money. Or show a video clip or DVD that explains how usuryfree creatives are participating in the usuryfree community currency movement and making a difference by choosing to create and spend their own usuryfree community currency when they shop locally with others who are likewise participating as local traders.

For more information about UsuryFree Day/Week in general do a search on any search engine with the words “UsuryFree Day” or “UsuryFree Week.” For details about the Fifth Annual UsuryFree Day/Week in particular visit these links:

http://usuryfree.blogspot.com/2009/08/fifth-annual-usuryfree-dayweek-nov-13th.html

http://usuryfree.blogspot.com/2009/08/invitation-to-participate-and-celebrate.html

http://usuryfree.blogspot.com/2009/10/fifth-annual-usuryfree-day-week-looking.html

http://usuryfree.blogspot.com/2009/09/winged-lion-awards.html