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.

Saturday, September 24, 2011

The Money Masters: Behind the Global Debt Crisis


In the US, we see untold millions suffering from the impact of mass foreclosures and unemployment; in Greece, Spain, Portugal, Ireland, and Italy, stringent austerity measures are imposed upon the whole population; all coupled with major banking collapses in Iceland, the UK and the US, and indecent bail-outs of “too-big-to-fail” bankers (Newspeak for too powerful to fail).

No doubt, the bulk of the responsibility for these debacles falls squarely on the shoulders of caretaker governments in these countries that are subordinated to Money Power interests and objectives. In country after country, that comes together with embedded corruption, particularly evident today in the UK, Italy and the US.

As we assess some of the key components of today’s Global Financial, Currency and Banking Model in this article, readers will hopefully get a better understanding as to why we are all in such a crisis, and that it will tend to get much worse in the months and years to come.

Foundations of a Failed and False Model

Hiding behind the mask of false “laws” allegedly governing “globalised markets and economies,” this Financial Model has allowed a small group of people to amass and wield huge and overwhelming power over markets, corporations, industries, governments and the global media. The irresponsible and criminal consequences of their actions are now clear for all to see.

The “Model” we will briefly describe, falls within the framework of a much vaster Global Power System that is grossly unjust and was conceived and designed from the lofty heights of private geopolitical and geo-economic1 planning centres that function to promote the Global Power Elite’s agenda as they prepare their “New World Order” – again, Newspeak for a Coming World Government.2

Specifically, we are talking about key think tanks like the Council on Foreign Relations, the Trilateral Commission, the Bilderberg Group, and other similar entities such as the Cato Institute (Monetary Issues), American Enterprise Institute and the Project for a New American Century that conform an intricate, solid, tight and very powerful network, engineering and managing New World Order interests, goals and objectives.

Writing from the stance of an Argentine citizen, I admit we have some “advantages” over the citizens of industrialised countries as the US, UK, European Union, Japan or Australia, in that over the last few decades we have had direct experience of successive catastrophic national crises emanating from inflation, hyper-inflation, systemic banking collapse, currency revamps, sovereign debt bond mega-swaps, military coups and lost wars…

Finance vs the Economy

The Financial system (i.e., a basically unreal Virtual, symbolic and parasitic world), increasingly functions in a direction that is contrary to the interest of the Real Economy (i.e., the Real and concrete world of work, production, manufacturing, creativity, toil, effort and sacrifice done by real people). Over the past decades, Finance and the Economy have gone their totally separate and antagonistic ways, and no longer function in a healthy and balanced relationship that prioritises the Common Good of We the People. This huge conflict between the two can be seen, amongst other places, in today’s Financial and Economic System, whose main support lies in the Debt Paradigm, i.e., that nothing can be done unless you first have credit, financing and loans to do it. Thus, the Real Economy becomes dependent on and distorted by the objectives, interests and fluctuations of Virtual Finance.3

Debt-Based System

The Real Economy should be financed with genuine funds; however with time, the Global Banking Elite succeeded in getting one Sovereign Nation-State after another to give up its inalienable function of supplying the correct quantity of National Currency as the primary financial instrument to finance the Real Economy. That requires decided action through Policies centred on promoting the Common Good of We The People in each country, and securing the National Interest against the perils posed by internal and external adversaries.

Thus, we can better understand why the financial “law” that requires central banks to always be totally “independent” of Government and the State has become a veritable dogma. This is just another way of ensuring that central banking should always be fully subordinated to the interests of the private banking over-world – both locally in each country, as well as globally.

We find this to prevail in all countries: Argentina, Brazil, Japan, Mexico, the European Union and in just about every other country that adopts so-called “Western” financial practice. Perhaps the best (or rather, the worst) example of this is the United States where the Federal Reserve System is a privately controlled institution outright, with around 97% of its shares being owned by the member banks themselves (admittedly, it does have a very special stock scheme), even though the bankers running “Fed” do everything they can to make it appear as if it is a “public” entity operated by Government, something that it is definitely not.

One of the Global Banking Over-world’s permanent goals is – and has been – to maintain full control over all central banks in just about every country, in order to be able to control their public currencies.4 This, in turn, allows them to impose a fundamental (for them) condition whereby there is never the right quantity of public currency to satisfy the true demand and needs of the Real Economy. That is when those very same private banks that control central banking come on scene to “satisfy the demand for money” of the Real Economy by artificially generating private bank money out of nothing. They call it “credits and loans” and offer to supply it to the Real Economy, but with an “added value” (for them): (a) they will charge interest for them (often at usury levels) and, (b) they will create most of that private bank money out of thin air through the fractional lending system.

At a Geo-economic level, this has also served to generate huge and unnecessary public sovereign debts in country after country all over the world. Argentina is a good example, whose Caretaker Governments are systematically ignorant and unwilling to use one of the sovereign state’s key powers: the issuance of high power non-interest generating Public Money (see below for a more detailed definition). Instead, Argentina has allowed IMF (International Monetary Fund) so-called “recipes” that reflect the global banking cartel’s own interests to be imposed upon it in fundamental matters like what are the proper functions of its Central Bank, sovereign debt, fiscal policy, and other monetary, banking and financial mechanisms, that are thus systematically used against the Common Good of the Argentine People and against the National Interest of the country.

This system and its dreadful results, now and in the past, are so similar in so many other countries – Brazil, Mexico, Greece, Ireland, Iceland, UK, Portugal, Spain, Italy, Indonesia, Hungary, Russia, Ukraine… that it can only reflect a well thought-out and engineered plan, emanating from the highest planning echelons of the Global Power Elite. (snip) ...

Read the complete article at this website:

Co-operation Rather Than Competition

By Tom J. Kennedy
In the mid-1960’s, I began my career as an elementary school teacher and set out on my life’s journey satisfied to survive with a salaried income as I married and began to raise a family. Little did I know of the future twists and turns my life would take in this incarnation.
In the late 1970’s, I was introduced to what was known then as the multi-level or network marketing industry through the Amway business opportunity - one of the pioneering, part-time, opportunities of the industry. I have a statement etched in my mind spoken by Rich DeVoss, one of the co-founders of the Amway Corporation. I heard this statement at the first Amway meeting I attended in the spring of 1979, in Ottawa, Ontario, Canada. Rich DeVoss said and I paraphrase: “This industry has the potential to market everything from hairpins to airplanes.” Indeed, Rich DeVoss’s vision has proven to be on target.

I quickly recognized the power and potential of this innovative, sales and marketing strategy, but over the years, I have been dismayed at the number of charlatans whose greedy actions tainted this almost, perfect, marketing model. In an effort to leave behind the negative images associated with multi-level and network marketing and move forward with renewed vigour and new visions, myself and other associates in the industry created another name - the SDI (Self Directed Income) industry.
During the 1980’s, I pursued free enterprise on a part-time basis with an SDI enterprise, while continuing my full time career as an elementary school teacher and my role as a husband and father of three children. In the early 1980’s, I was also fortunate to learn the “truth” about modern, money creation and how the design flaw of usury is the killer machine that keeps debtors in financial bondage to creditors for generation after generation.

As well, in the 1980’s I was introduced to the usuryfree community currency movement. I learned that by simply introducing a usuryfree software to replace the malfunctioning, usury-bearing software used in our orthodox, economic system, everyone on planet earth could potentially experience a usuryfree lifestyle.
For almost 30 years, I have held the vision and worked towards twinning the best aspects of the SDI industry with the optimal elements of the usuryfree community currency movement to initiate a proven and workable, co-operative model of free enterprise where all participants would be winners - potentially living a usuryfree lifestyle.
Over the years, I have written numerous letters to CEO’s of leading “home office” companies in the SDI industry suggesting creative ideas to implement, but as of this present date no “home office” of a leading SDI company has responded with a positive intent to implement any of the suggested concepts.
I have often been told that my ideas are creative BUT there is not sufficient political will to motivate conventional entrepreneurs who are still holding on to the “competitive model” of free enterprise to change their way of doing business. “Not sufficient political will” can be translated to mean “not sufficient numbers of debtors who double as SDI entrepreneurs,” and who are willing to risk implementing the co-operative model of free enterprise. I daresay, our time to pursue the “co-operation model” of free enterprise is coming early in this 21st Century
In the late 1990’s, I launched my first website titled The Cyberclass Network to teach what formal education neglects to teach and what the mainstream electronic and print media dismiss as “not newsworthy.”

In 2001, I created the NoUsury Network which later evolved to become The UsuryFree Network. In 2005, the UsuryFree Network in co-operation with the Family Life Foundation and other active usuryfree creatives launched the first annual UsuryFree Day (November 13th) and UsuryFree Week (November 13th to 19th). This year we will be celebrating the Seventh Annual UsuryFree Week from November 13th to 19th, 2011.
In 2007, I opened an account with Facebook to likewise, share similar, information, resources and knowledge with a global network of friends in cyberspace. In August 2011, I reached my capacity of 5000 “friends” on Facebook - the majority of whom were referred to my Facebook account by “cyberspace friends” who are seeking to learn what formal education neglects to teach. Since Facebook Inc. does not permit anyone to have more than 5000 “friends,” I created a page at Facebook for The UsuryFree Network where anyone can “Like” the page and visit often to keep informed of relevant information and happenings.
Early in this 21st Century, I created the twin blogs (a) The UsuryFree Eye Opener and (b) The SDI (Self Directed Income) Eye Opener to facilitate the re-education process of those who are ready and willing to pursue a self-imposed course of study on topics that are (a) commonly dismissed as “not newsworthy” by the meddling, mainstream media and (b) ignored by our orthodox institutions of formal education.
Though the “followers” statistics indicate that I have only 19 followers for these twin blogs, as of this present date (September 24, 2011) I have had over 31,000 visitors to these blogs. I am pleased that more and more people are seeking knowledge and resources from alternative sources, rather than relying on conventional news, this is evidence that there is a shift in the consciousness of the masses.
I created the blog - The UsuryFree Eye Opener for two reasons (a) to educate (or re-educate) debtors on the truth about modern money creation and to enable them to fully understand how the design flaw of usury functions as the killer machine within our orthodox, economic system of debt money and (b) to inform debtors that indeed, usuryfree living is a possibility are we progress into this 21st Century, given the worldwide acceptance of the perfected model of usuryfree finance - the usuryfree community currency movement - with its co-operative elements.
I created the blog - The SDI Eye Opener to educate (or re-educate) active and prospective, SDI entrepreneurs about the SDI industry - otherwise referred to as the Multi-Level or Network Marketing industry. In my humble opinion, the SDI industry, though about 60 years young, is still in its birthing process as a sales and marketing strategy.
As we now progress into this 21st Century there is much evidence to indicate that old paradigms are crumbling as they are not sustainable for the survival of human beings on planet earth. At this time, the SDI industry is well positioned to lead the way in uniting people both locally and globally to facilitate the shift from “competitive enterprise” and all of its malfunctions to “co-operative enterprise” with all of its perfected elements.
The Co-operative Spirit Trumps the Competitive Spirit
Daily news broadcasts clearly indicate that our paradigms are shifting - the competitive models of doing business in the 20th Century, and previously are breaking down. The co-operation models - of all who choose to participate in selected free enterprise opportunities are steadily improving and rising up to fill the gap.
As the model of “co-operative enterprise” gains popularity as the optimal way to engage in business transaction, the SDI (Self Directed Income) industry is leading the way with a plethora of unique, online, business opportunities surfacing. What is noteworthy is the fact that the spirit of co-operation and teamwork is being woven into the sales and marketing strategies of various, recently launched SDI opportunities. This spirit of co-operation when twinned with essential background knowledge about why the “competitive spirit” of doing business is failing enables the participating SDI entrepreneurs who are open to building an SDI Portfolio to multiply and duplicate their efforts with new recruits who are seeking secondary sources of income(s).
The Role of the SDI Industry
In any business, SDI or otherwise, the amount of energy put in is relevant to the amount of gain received. This is very true of these newest, online, SDI opportunities. It is important that any legitimate SDI opportunity have a marketable product and there must be no misrepresentation or promises about earnings. One can only say what one knows to be absolutely true about any SDI business opportunity. Having fun, earning income(s), and trying something new is the underlying intent of pursuing new, SDI, business ventures. Given the ease of modern technology it is possible to grow one’s earnings from a home-based , SDI enterprise.
Readers are invited to read this article about the evolution of the SDI Industry: “Analysis, Projections, Observations & Proposals For The SDI Industry”

In the late 1990’s, I enrolled with the Pentagono, SDI, business opportunity where the sales mantra “buy one, sell three” was extolled. I did earn some significant, extra income with the Pentagono SDI opportunity, as did those SDI entrepreneurs who networked the program with our team of usuryfree creatives - and we learned lots about the spirit of co-operation.
Since 2000, I have continued my research with the evolution of the SDI industry. Given the ease of modern technology and social networking, it is my humble observation that the newest SDI opportunities are focusing on “business centres” cycling through 2x3 matrices (boards) whereby commissions (rewards) are paid to participating SDI entrepreneurs when they cycle off at the top level. (snip) ...

Read the complete article at this website:

Friday, September 23, 2011

October 2011 - Meltdown Month??

Meltdown month: Wall St Crash, Black Wednesday, collapse of Lehman Brothers... all were hit in September. So is history about to repeat itself?


23rd September 2011

"September is rarely a cheerful time. The warm days of summer, as always all too brief, are disappearing into history. Holiday memories are beginning to fade; the children are back at school; the bills have to be paid. Savage tropical storms from the Caribbean sweep west towards the American coastline at this time of year.

And although New York escaped the worst of Hurricane Irene last month, financial experts are already warning that a far more devastating tempest may be at hand.

Worldwide markets have been in turmoil for weeks. Even now, confidence in debt-crippled Greece, Spain and Italy remains disturbingly fragile, while American growth is virtually non-existent.

Markets in New York, London and across Europe plunged yet again yesterday as fresh worries about the eurozone and the U.S.’s towering national debt continued to spook investors.

The FTSE was down 4.7  per cent — its biggest fall since early 2009 — wiping £64 billion off the value of Britain’s biggest companies. Meanwhile, the Dow Jones in the U.S. had fallen by more than 3.5  per cent at its close.

Despite the best efforts of the European political elite, the euro teeters on the brink of collapse.

Here in Britain, manufacturing output remains desperately sluggish, while the latest figures show house prices fell once again in August.

But there is another good reason politicians and financiers should be on their guard in the coming days." (snip) ...

Read the complete article at this website:

Tuesday, September 13, 2011

The Genius of Thomas Jefferson


At 5, began studying under his cousins tutor.

At 9, studied Latin, Greek and French.
At 14, studied classical literature and additional languages.

At 16, entered the College of William and Mary.

At 19, studied Law for 5 years starting under George Wythe.

At 23, started his own law practice.

At 25, was elected to the Virginia House of Burgesses.

At 31, wrote the widely circulated "Summary View of the Rights of British America " and retired from his law practice.

At 32, was a Delegate to the Second Continental Congress.

At 33, wrote the Declaration of Independence .

At 33, took three years to revise Virginia �s legal code and wrote a Public Education bill and a statute for Religious Freedom.

At 36, was elected the second Governor of Virginia succeeding Patrick Henry.

At 40, served in Congress for two years.

At 41, was the American minister to France and negotiated commercial treaties with European nations along with Ben Franklin and John Adams.

At 46, served as the first Secretary of State under George Washington.

At 53, served as Vice President and was elected president of the American Philosophical Society.

At 55, drafted the Kentucky Resolutions and became the active head of Republican Party.

At 57, was elected the third president of the United States .

At 60, obtained the Louisiana Purchase doubling the nation's size.

At 61, was elected to a second term as President.

At 65, retired to Monticello .

At 80, helped President Monroe shape the Monroe Doctrine.

At 81, almost single-handedly created the University of Virginia and served as its first president.

At 83, died on the 50th anniversary of the Signing of the Declaration of Independence.

John F. Kennedy held a dinner in the white House for a group of the brightest minds in the nation at that time. He made this statement: "This is perhaps the assembly of the most intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone."

When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe .
Thomas Jefferson

The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
Thomas Jefferson

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.
Thomas Jefferson

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
Thomas Jefferson

My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson

No free man shall ever be debarred the use of arms.
Thomas Jefferson

The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson

The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Thomas Jefferson

To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.
Thomas Jefferson

Thomas Jefferson said in 1802:
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive
the people of all property - until their children wake-up homeless on the continent their fathers conquered.

I wish we could get this out to everyone!!! ... I'm doing my part. Please do yours......

Is There Hope For Canadians?

A response from Richard Priestman re: The Lawful Bank article:

“I agree that TAMS is an interesting concept, and it raise question that need to be answered.  For example, Tom writes:

"An honest government would take back control of the money supply. We would like people to start asking the question ‘Why don’t they?

"The answer is of course that the political establishment is universally in the pocket of the banking fraternity and that this is the sole reason why so many politicians end up with lucrative directorships or consultancies with and for the banks."

The attached letter (just one page, the rest is just additional information) shows that government decisions are overly influenced by the financial sector to the detriment of most Canadians, and actions that Canadians can take to change this.

I ask recipients of the letter if they would be interested in copying the letter to others, and at the same time inviting them to copy it to their contacts with the same suggestion.  In that way we could get a snowball affect and many others will see the letter.

And maybe it will reach millions of Canadians in time to effect the next election and get people into Parliament who will support using the Bank of Canada for financing public debt to invest in public services and infrastructure.  Only when that happens will the influence of the financial sector be broken.”

Richard Priestman

The way things are

Canadians paid $165 million per day in 2010 in unnecessary interest on federal, provincial and municipal debt.

We pay these costs through taxes of all kinds and fees for public services. 

We pay in kind through cut-backs in public services such as education, health care, and support services. 

We pay through the deterioration of infrastructure such as roads, sewers, water lines and affordable housing. 

The 1.5 million unemployed pay through the loss of their jobs. 

Public debt interest amounts to a little under $5 ($4.85) per day for every man, woman and child in the country. For a family of four that’s about $20 ($19.40) per day or $136 per week, every week, all year long.

(These figures are easily verified by Statistics Canada, Canadian Economic Observer: Historical Statistical Supplement: Table 1.3-1. You will see there that interest on the public debt in 2010 amounted to $60.2 billion or $165 million per day.)

Could this be changed?

The federal government could reduce the interest paid on public debt by borrowing more from the Bank of Canada, at near zero cost, and less from private sources. This would lead to a reduction in the profits of the commercial banks and less income for holders of government bonds, but most Canadians would benefit.  More importantly the savings could be used to reinstate those services which have been cut back and to create good jobs for at least some of the 1.5 million Canadians currently walking the streets looking for work.

So, why aren’t we doing this?

Government's indebtedness to private financiers gives that sector undue influence on government policy decisions. The federal government is up to its neck in debt ($519 billion, March 31, 2010) and when you owe that much it’s not so hard to choose between the wants of your creditors and the needs of ordinary Canadians.  It is not in the interests of banks and wealthy bond holders for government to borrow from the Bank of Canada, and  because government has become dependent on private sources of capital for most of its financing it gives precedence to their opinions.

There is hope, but only if we reduce the influence of private financiers by voting for politicians who support using the Bank of Canada for financing public debt to invest in public services and infrastructure. It is up to each one of us to act.

Richard Priestman
President, Kingston Chapter,
Committee on Monetary and Economic Reform

Additional Information

Misinformation leads to lower quality of life!

The Minister of Finance believes that government borrowing from the Bank of Canada causes inflation, but is he right?  In a letter to Len Skowronski, Leader of the Alberta Social Credit Party, Minister Flaherty says (July 11, 2011), " .... the Bank of Canada could create the money that it loaned to the Government (by printing currency for that purpose or by creating new deposits for the government at the Bank of Canada).  While this would help to finance government spending, it would do so in just the same way that printing and spending new money does.  As a result, this method of financing is inflationary. 
“International experience has demonstrated time and time again that low-interest   lending from the central bank to the government erodes the value of a country’s  currency.  Other nations that have relied extensively on low-interest credit extended from central banks or printing money have experienced very high inflation and its costs.”

Not everyone agrees with Minister Flaherty.  According to the Bank of Canada most of our money is created by commercial banks and other financial institutions through loans made to individuals and businesses. "In that sense, financial institutions create, or can create money." (1)  “… money creation is money creation – whether by a private bank or the Bank of Canada”. (2)  Those who claim it is inflationary when the Bank of Canada creates money, but not when private banks do the same thing should be required to explain why, not simply declare that borrowing from the Bank is inflationary.  In fact Canadian history shows that, with adequate controls and regulations, borrowing from the Bank of Canada has not been inflationary.

“When the Bank of Canada was brand new back in the 1930s, it produced most of the money supply from 1935 to 1939, and 62% of new money during the last years of World War II.  This policy gave Canada the highest employment rate it has ever had, very low interest rates, and very low inflation. 

“After the war years and up to the mid-1970s, the Bank of Canada traditionally created enough new money to absorb (or “monetize”) between 20% and 30% of the federal government deficit.  Since the bank’s conversion to monetarism in 1975, however, it steadily reduced its share of the deficit and therefore the broadly defined money stock.”  (3)  The result: three serious recessions, an explosion of debt, drastic cutbacks in public services and deterioration of public infrastructure.
 We don’t need to repeat the experience of other nations which have had very high inflation resulting from low-interest credit extended from their central banks.  We can learn from our own experience, avoid these problems and use Bank of Canada financing of public debt to improve the quality of life of all Canadians.

There is hope, but only if we elect politicians who support using the Bank of Canada for financing public debt to invest in public services and infrastructure.  


 (1) Bank of Canada  - Backgrounders, Canada's Money Supply “…. bank notes issued by the Bank represent only a small portion of all the money circulating in the economy at any one time. The bulk of the money supply consists of deposits that the public holds at financial institutions.“ "Commercial banks and other financial institutions provide most of the assets used as money through loans made to individuals and businesses. In that sense, financial institutions create, or can create money.”

(2) Harold Chorney, Assoc. Professor of Political Economy and Public Policy, Concordia University, Montreal; John Hotson, Professor of Economics, University of Waterloo; Mario Seccareccia, Assoc. Professor of Economics, University of Ottawa, - The Deficit Made Me Do It, p.9    

(3) ibid, Harold Chorney et al, p.9


(1) “If the Bank of Canada had to borrow the funds that it loaned to the Government, it would have to pay whatever interest rate prevailed in the market to get those funds.  Accordingly, it could not afford to re-lend the funds to Government at low or zero interest.” Jim Flaherty, Minister of Finance, July 11, 2011

First, it is confusing to talk about the Bank of Canada borrowing funds to lend to Government.  When the Government decides to borrow it does so through the sale, by the Bank of Canada on behalf of the government, of interest-bearing Government of Canada bonds and treasury bills.  Some of these will be bought by the Bank of Canada, and when this occurs the Government will pay whatever interest is charged, but practically all interest paid reverts to the federal government, the sole shareholder of the Bank, as dividend. 

William Krehm, Meltdown – Money, debt and the Wealth of Nations, vol.2, p. 123:

“When the Bank of Canada holds federal debt the interest paid on it returns to the government as dividends.  For the Government has been the sole shareholder of the BoC since 1938.” p. 162: International Monetary and Financial Economics, Joseph Daniels and  David VanHoose, (p. 241): “Most governments have at least partial ownership of their nations central banking institutions.  Furthermore, all governments receive at least a portion of the profits generated by central banks.”
Statistics Canada, Summary Tables, Employment and unemployment  2010:

Unemployment  -  1,484,100   Rate  8.0 (1.5 million people) Labour population  -  18,525,100  (at .08: Unempl  - 1,482,008)
Annual Demographic Estimates: Canada, Provinces and Territories:  Table1.1-1   Annual population estimates, July 1, 2010 - national perspective  - 34,109,000

Argentina: Surviving Without Money

"Argentina's crisis occurred with the Peso was pegged with the US dollar and was not able to fluctuate. Then you have years of bad management and direction from leaders such as Fernando de la Rúa putting caps on how much people can withdraw per day and how much banks can pay out per day and you get a terrible crisis.

After years of lending by the IMF and the peso pegged to the dollar, the situation reached a breaking point in 2001. 20% unnemployment, alternative bons like the Patacon and Lecop being printed since we couldn't print dollars. The elite had moved their money out of the country and when the average citizen tried to close his accounts, they were frozen, to later be converted to devaluated pesos losing 70% of their value. Argentina defaulted on its 132 billion usd debt, largest default in history." (snip) ...

View a video about the Argentine economy at this website:

NOTE: This video clip is also posted at Youtube at this url:

Monday, September 12, 2011

John "KingofthePaupers" Turmel introduces the Pauper Party of Ontario

NOTE: John "KingofthePaupers" Turmel introduces the Pauper Party of Ontario to participate in the 2011 Ontario election scheduled for October 6, 2011. In this article, John makes reference to creative ways to take advantage of the "tax credit" system for the province of Ontario - by sharing information he gave to the federal Marijuana Party and Libertarian Party way back 11 years ago. Enjoy the read!!

JCT: Fascinating doings happening. I hadn't noticed that it only takes 2 candidates in a general election to found a political party in Ontario.

You have up until 2 days before the election to register it. That's Tuesday, September 13, 2001. So I sent a filled out form to register the

Pauper Party of Ontario

Pretty clear whose interests will be at heart.

The PAUPER PARTY PLATFORM will be standard:

 We want no cops in gambling, sex, or drugs or rock&roll. We want no usury on loans, pay cash or time, no dole.

 So we'll cut funding to cops in gambling, sex, drug prohibitions and have an Ontario LETS Timebank like PayPal but where you can log and and buy in for your usuryfree credits with your Mastercard or with an IOU for time, and
you debt can be paid with Mastercard or Time at work.

So this is a chance for those who beef all year about the injustice of the world to tell the voters what's been going on.

The Ontario Election is free. Don't take in contributions and don't spend on election expenses, just go the the meetings and do web politics and you can file a special Zero Money form. No auditor needed!

And getting 25 signatures can be done in under an hour if you're good as I am after so many signatures sought and got:

Knock knock: Hello, I'm John Turmel and I want to be an independent candidate in the general election but for the right to speak, I need 25 signatures. No need to vote for me, this just gives me the right to present my own ideas. Will you give me the right to speak?"

8 out of 10 will say yes and sign. Some will want to find out what you're for before they sign and you can't afford to waste time explaining to a guy who's going to say: I don't like what you say, I'm not letting you say it. I usually repeat "if you don't like what I say, don't vote for me. This is just to give you more options.


When pressed, I'll say: I want interest-free government loans and cops out of victimless crime. But I want the chance to explain it in depth, so how about giving me the right to speak and decide if you want to vote for me or not.

If pressed some more, a little poetry could win the day: I want no cops in gambling, sex, or drugs or rock&roll, I want no usury on loans, pay cash or time, no dole. Give me the right to speak about it and decide for yourself. (Don't explain it to an economist. It hits his cognitive dissonance bone and they never sign, they think it's dangerous. To them maybe.)

Anyway, I've scored some hours with 30 people signing, especially if you catch several together. When one says "sure, I'll give you the right to speak," the others pretty well have to give you the right to speak too.

So are there any paupers out there who want to take advantage of the Ontario election to tell their story in support of no more funding for marijuana prosecutions and usury-free loans?

Nomination date is Thursday Sept. 15, 2011

I can only bet that anyone who does avail themselves of this opportunity to speak their independent minds will have a memory they'll long cherish. Actually doing something to get into the historical record, like running in an election, is pretty neat.

Anyway, I'm going to be spreading the good word, and I hope a few others take advantage to do the same since it's free but for the few of hours for signatures and registration. I'm sure I can arrange interest-free loans for any who'd like to run but can't spare the $200 for 6 months.

There might not be another chance like this in 5 years! Take an opportunity to state your grievances officially. And it can all be done in one morning like I've often done on the last morning.

Best of all, once we're an official party, here's what we can do with tax credits to fund out activities. I had explained this to both the Green and Marijuana Parties so here's the latest version:

"Though I'm explaining how federal tax credits work, Provincial tax credits work the same way with slightly different numbers.
75% of the first $372: $279 back.
 50% of the next $857 between $373 and $1,240: $428.50
33.3% of next $1,580 between $1241 and $2821: $526.67 

Max contribution $2,821 gets back Maximum credit $1240.

But here's my explanation of how it works from years ago:

JCT: So now that they had party status, they could use government tax credits subsidize all pro-marijuana activities that they approved of anywhere in the country, subsidize compassion clubs, subsidize lawyers, subsidize the
anti-prohibition marijuana wars. Right after the election at the end of November, I posted all the information I knew about how to use government tax credits to the Marijuana Party of Canada leadership. Enjoy the thought of what official party status can bring to the Marijuana Movement in general:

Marijuana Party of Canada LETS Tax Credits System. (I'd explained this to the Greens and Libertatians too)

I am John C. "The Engineer" Turmel and I founded the Abolitionist Party in 1993. It was deregistered cleanly a few years later so we did all our paperwork right. Since I am Canada's longest serving pro-marijuana politician and my brother Ray Turmel ran as a Marijuana Party candidate in the last federal election, this is a draft I'm going to be presenting over the next few weeks to explain how the Marijuana Party can use a LETS to take full advantage of the tax credit fund-raising mechanism provided in the Election Act. And do it right.

The Government of Canada subsidizes political parties with tax credits to contributors. The maximum tax credit of $500 is reached with a contribution of $1075. It's $475 for a $1000 contribution. For the sake of simplicity, we'll speak of $500 for a $1000 contribution from now on. Half for the
ease of explanation.

If someone donates $1000 cash to the Liberal party, they get $500 cash back tax credit. But if someone wants to donate a print job, or a banquet, or computer from their stores, the government insists that they do a check swap through the party's cash account. The printer donates a $1000 check to get his $500 tax credit, the Liberal Party gets the job with a $1000 check. That is how it must be done. Easy. Parties could also get contributions of 100 pizzas, 200 movie tickets, 300 film developments, 400 buckets of golf balls at the driving range, all sorts of things but they don't because they have no way of distributing those contributed goods and services to their members or any other worthy recipients so they must focus on raising cash rather than
goods and get nowhere near all the goods they could easily obtain if they only had a way to efficiently spread them around.

That's where a party LETS comes in. LETS (Local Employment- Trading Software) is a simple private party Greendollar system (like Canadian Tire money) that permits the Marijuana party to spread those hard-to-distribute contributions around to party members as payment for their support. All
members get an account starting at zero and can sign out their first $500 in Marijuana Party Dollars ready to start earning and spending.

Here's how the Abolitionist Party of Canada first used our LETS with tax credits:

The easiest way is to account for merchandise contributed was to get "gift certificates" rather than the merchandise. So if an entertainment complex owner wants to donate $1000 worth of seats, he cuts a $1000 check to get his $500 tax credit, the party cuts a $1000 check to get a gift certificate worth $1000 in seats. Add that entertainment complex to the party LETS Directory and there's no more need to actually hand out individual gift certificates to members, only those who want to attend the events at that 
complex can go and pay with their Marijuana Party dollars, others don't. When the complex owner has $1000 Marijuana Party Dollars, he can redeem his Gift certificate and the transaction is completed.

If a restaurant wants to offer the party $1000 worth of pizzas, swap his check for the tax credit and our check for the gift certificate and list that restaurant in the directory. Members who are near that restaurant can spend
their party dollars there until he has enough to redeem his gift certificate.

Of course, once the pizza owner realizes he can use some of the party dollars he's holding to go to the movies and the movie theater owner realizes he can use his party dollars to get pizzas, they'll accept more party Greendollars than the $1000 they need to redeem their Gift Certificate. Without their even realizing it, they will experience the benefit of belonging to a local currency. They only need to carry $90 in cash in their wallets (on average) when they used to need $100 and benefit by leaving the other $10 cash in the bank.


Let's say that a shoe store can't afford to let the party buy $1000 worth of shoes if it's going to cost him $500. But how about if the party buys $2000 worth of shoes for $1500 cash so he only loses 25% which he might be willing to afford. So how can a LETS help us do that? In the directory, add that the shoe store takes 50% in cash and 50% party Greendollars. Members get $2000 in shoes, pay 50% in cash and the government pays 25% in tax credit and the guy only loses 25%, no more than a regular discount.

Let's say that a gas station can't afford to give the party $1000 worth of gas for only $500. If he accepts 20% party dollars and 80% cash, members get $5000 in gas, pay $4000, 80% in cash, and the government pays 10%, $500 in tax credit and the guy only loses 10%, $500.

If that's still too much, he could go 90% cash, 10% Green. Members get $10000 in gas, pay 90% in cash, and the government pays 5% in tax credit and the guy only loses 5%. By the time members have cashed in our $1000 certificate, he's had total sales of $10,000 and it only cost him the standard $500 everyone loses.

So by varying the rate that a business takes back the party dollars, the loss on the contribution is spread over a larger volume of sales. And the party always get the free $1000 in gas every year. And the pizza owner and video store owner will have another reason to take as much Green as they


Contributions can pay for long-term contracts. Robert White, an Abolitionist Party member, got the party a brand new computer worth $1625 and the computer company ended up being paid $2000 in tax credits over four years.

1) At the end of the first year, the $1625 owed became $2600 due to 60% interest. The store wrote a $1150 contribution for the $500 tax credit and party wrote an $1150 payment on the computer reducing the amount owing to $1450.

2) At the end of the second year, the $1450 owed became $2320 and after the $1150 check swap, the remainder owing was $1170.

3) At the end of the third year, the $1170 owed became $1870 and after a check swap of $1150, the amount owing was $720.

4) At the end of the fourth year, the $720 owed became $1150 and after a check swap of $1150, the amount owing was zero.

The party received a $1600 dollar computer and the company got four $500 tax credits. With two owners, we could have gotten a $3250 computer! Or a car. Or office equipment, even rent.

And even longer contracts will be possible once the party has established 50 riding associations to ensure the required 50 candidates at the next election.

And party members who bring in the contributions got 20% credited to their accounts. Robert White brought in $36,000 in contributions in one month. The party already had a computer so Robert White used his 20% commission in party dollars to buy it. All party members who swing a collateral deal should be the first able to then buy that product from the party with the Greendollars they earn. So he might only have earned party dollars but getting paid a computer or two a month isn't all that bad. You could see your local movie theater and make your party money useful to you in your own neighborhood.

So that's what a political party can do with their tax credit contributions if they have a LETS. Such contributions of all kinds of things just can't be spread out among 100,000 Liberals without one. And finally, what do Marijuana Party members have to do to make use of their party LETS and government tax credits. In a nutshell, get the contribution checks into a party bank account before New Year. Tax time is in early 2001 and to qualify for the $500 tax credit payday early next year, they have to get their
contributions in by the end of this year! Party members have only two weeks to really build their banks of gift certificates paid for with government tax credits. The larger the party Directory grows, the more reasons everyone
has to keep using our party currency and keep contributing.

All businesses in a use-it-or-lose-it situation will love the chance to sell a $1000 Gift Certificate for a $500 tax credit paid in the next few months. Any kind of rentals, entertainment, etc. are great candidates because it's "take
$500 for $1000 in seats or get nothing out of the empty seats.


What does a Marijuana Party member have to do to take advantage of tax credits:

1) Form a Region or Riding Association with a President, Vice-President, Secretary and Treasurer.

2) Register with and get a letter of authorization from the party Financial Agent.

3) Open a bank account in the Region or Riding Association name.
4) Get as many gift certificates for check swaps as you can in the next two weeks. Contributors are always most interested at the end of a year when the tax credit is only a few months away. It's a much harder sell after New Year when the tax credit is more than a year away.

And of course, to have funds in the account to allow them to deposit our party check before we deposit theirs is a great advantage. Their check going in to cover the party check going out is still doable but it's 10 times harder to sell than if you have the funds to initiate the swap.


How quickly can all this be organized? The moment an Ottawa party association is formed, the first thing I'll work on is getting some gift certificates from the printers I know so we can pay for the necessary paperwork:

- Membership forms.

- Membership cards.

- Preliminary tax credits.

- Official tax credits.

- Riding Association Forms.

- Region Association Forms

- Gift certificates.

- Party currency.

- Store % Decals.

It sounds like a lot but other than the currency, most forms can be available online and done with home printers. Gift certificate Directories should be online. It's just a necessary structure for a party. Even riding currency could be printed. It doesn't have to be fancy if everyone's doing
too well to need to try to rip it off.

We hope to invite all Marijuana party members and supporters in the Ottawa region to several meetings starting Friday to explain how they can work for the party and be rewarded with party currency that can buy them not only goods and services but computers and automobiles. I hope to have Robert White there. He's a grandfather with no objection to marijuana and could be prevailed upon to join the party and show other
members how he did it. I hope to have him at the Friday presentation.

A videotape of the presentation will be made so that anyone who doesn't catch it can learn how to start their own Region or Riding Association and LETS tax credit system to pay people who volunteer for the party. To really make the party grow among the unemployed and poor, let them pay their party membership with their first Greendollars and put them to

So, please pass this draft on to your Marijuana Party contacts and if anyone's interested in attending, have them tune in to or join the send a message to subscribe to for details of the meetings.

And please see about getting Ray the phone numbers of all Ottawa area members so everyone can be invited.

I'd especially hope that people from nearby ridings like Pembroke and Montreal and Toronto might find it worthwhile shooting up to Ottawa for the weekend. Boris is going to be in town Friday. A lot could still come out I haven't added. I hope the first presentations will fill out after questions.

All I can say is that if people wait to use the party tax credits until next year, they'll kick themselves for not having started using them this year. It's the best possible time. We have to ignore Christmas and score while the scoring is good. I'd hope the Marijuana Party continues the 20% commission on contributions. Get your pizza parlor and the bill for your next 20 pizzas is covered!

One last great example.

We got a restauranteur to throw us a banquet for 20 people with a total bill of $1150. We did a check swap. He got the $500 tax credit for feeding 20 people, we got a banquet.

Get out there and throw yourselves some parties for your workers. It doesn't have to be all hair-cuts and shoes.

Finally, please note that I can be in the Toronto are on Monday if any Toronto members are interested in a presentation on how a Marijuana Party of Canada Region Association of Toronto could set up its party LETS tax credit system.

To demonstrate, I even sent in a $200 contribution check made out to the Marijuana Party of Canada for the purchase of $200 in contributed donairs from the Palais Donair Restaurant in Hull Quebec. It was an easy sell because it was at the end of December and the restauranteur was going to get back his $150 in only a few months at tax time. It's always an easier sell in December than January for tax credits collected next year. The party refused the contribution and sent it back! No Donairs for their

JCT: So if you want to right to issue tax credits for things people are going to contribute to you and your riding members, you have 4 days to find the 3 hours to get your signatures and get yourselves registered.

And if you can't explain, We want no cops in gambling, sex, or drugs or rock&roll, We want no usury on loans, pay cash or time, no dole, don't bother. But try to find me someone who can.

And if you're ashamed to admit you're a Pauper up to your neck in debts, don't bother though I'd bet we paupers are in the majority so we had better get over our shame.

Videoclips by usuryfree creatives

Someone has collected a series of videoclips by usuryfree creatives and posted them on this website (see below) - much appreciated :)

Readers are invited to help make these videp clips go viral so that there will be many meetings and gatherings to help usuryfree creatives celebrate the forthcoming Seventh Annual UsuryFree Week scheduled from November 13th to 19th, 2001.

Some of these video clips by usuryfree creatives focus on previous events to celebrate "UsuryFree Day" and/or "UsuryFree Week." These will give active usuryfree creatives some ideas to promote for the 7th Annual UsuryFree Week in November 2011.

November 13th is UsuryFree Day and the following week is UsuryFree Week. During the week usuryfree creatives and "becoming usuryfree creatives" are invited and encouraged to organize meetings or gatherings in their respective, local communities.

It is recommended that these meetings or gatherings focus on (a) exposing the design flaw of usury for the evil and immoral function that is has on our orthodox, economic system of debt money and (b) promoting the usuryfree lifestyle by explaining how we-the-people (debtors) have the power and potential to create and spend our own usuryfree community currency as a complement with our diminishing amounts of usury-based, debt money.

Please post details of any meetings or gatherings scheduled for your local community.

Comments and feedback welcomed!

I am a UsuryFree Creative

I am a UsuryFree Creative 

I have opened my own time-bank,

Where I create and spend my own, 

UFOH’s (UsuryFree Official Hours). 

With time-banking so decentralized,

I am now empowered financially,

As my time is backed by real capital.

I am learning how to use my abundance,

Of hours and minutes as a complement, 

With the scarcity of dollars and cents,

Which is forever and always diminishing. 

I remembered what I had learned, 

I had been told: “Pay usury NOT,” 

And “Become a UsuryFree Creative.” 

So, I bravely created my own UFOH’s, 

And now I feel freed of economic bondage.
The way usuryfree creatives commonly feel.

I no longer sign and agree to pay usury, 

Though family and friends still do.

I now make informed and different choices. 

Previous mentoring to me was timely,

My debts of dollars and cents are ending,

And true prosperity is now in sight.

I know how to create and spend my own, 

Hours and minutes for trading time. 

My paper notes of time represent substance, 

Backed by my honesty and integrity, 

And, of course, they are usuryfree. 

Now I’m trading and mentoring others, 

Especially when I hear them say, 

The interest on their debt is growing.

I tell them that interest is really usury,

And that all of the holy books forbid, 

The exacting of usury on loans. 

As I coach debtors who are ready to listen,

I hear others who are still indebted say,

It cannot succeed, the banks are too powerful.

It’s true, most debtors feel disempowered, 

And they are desperate with no idea, 

That there is another way, 

They trust only formal education,

Which neglects to teach the truth. 

So why do debtors keep paying usury, 

Knowing that it enslaves economically? 

Simply because they are conditioned so.

Indeed, the reality of financial freedom, 

Is being spread exponentially, 

As time-traders learn how to evade usury.

Tell your friends and neighbours, 

Tell your family and working colleagues.

Encourage them to become a time-trader, 

Where one hour of basic time has universal value,

In time, it’s zero hours and sixty minutes.

In U.S. Funds, it’s 10 dollars and zero cents.

In Canadian Funds, it’s 12 dollars and zero cents. 

In labour, its value is basic, unskilled or student,

Equivalent in value to zero hours and sixty minutes. 

Whatever your skills, trade or profession,

You earn hours and minutes in a value,

Equivalent to what you earn in dollars and cents. 

Simply multiply 12 by a suitable multiple,

Matching the dollar value in the free market. 

Make your business card more valuable too, 

Make it worth at least five minutes time, 

Valued at one dollar and zero cents.

When others experience financial pain, 

They will agree that usury is evil and wrong. 

Only then will they too will join with us.

By creating and spending UFOH’s, 

They will experience living usuryfree. 

These are my initial thoughts,

And everyday, I’m learning more.

I’m also trusting that the youth will create 

The songs to help network the message.

I wish that everyone could experience, 

The reality of usuryfree living immediately,

Especially Fast Freddy who is still alive, 

Because he made it to the bowl on time.
Indeed, I am a UsuryFree Creative.

I have opened my own usuryfree time bank.
Please read all the way to the bottom and sign your name.

The UsuryFree Network is hoping to receive thousands of signatures supporting this verse of usuryfree inspiration. We’ll pass them along to media personalties, clergy, economists, educators, political leaders in the various levels of government, municipal, provincial/state and federal.

It is the intention of the UsuryFree Network to collect these signatures in units of 130 signatures. When this petition has reached 130 signatures please return it to:

The UsuryFree Network 
P. O. Box 9333 
Ottawa, Ontario, Canada 
K1G 3V1

 Tel: 1-888-NOUSURY (1-888-668-7879)


Note: The UsuryFree Network recommends that usuryfree creatives design and print UFOH’s (UsuryFree Official Hours) complete with whatever security features desired to eliminate counterfeiting.

See samples of UFOH’s at the Currency Cyberclassroom: 

1. Kennedy Hours (family)
2. Tamworth Hours (generic)
 3. Tamworth Hours (personalized)

If you receive or read this petition and do nothing but delete or ignore it, your selfishness as a confirmed usurer knows no bounds. An electronic signature is a small effort to make. After you have read the verse, you are invited to copy and paste the message to an (a) email or (b) website. Be sure to add your name at the bottom and then share.

And never forget, IT IS PEFECTLY LEGAL TO EVADE USURY, and know that none of us are entirely freed of USURY until all of us are freed of USURY - including Fast Freddy and his family and friends and neighbours.


How to set up and network this email (message):
1. Copy and paste the entire email (message) into a new email.
2. Sign your name with the next number in sequence at the bottom.
3. Then forward this email to your cyberspace friends and associates.


1. Tommy UsuryFree Kennedy
2. ???

NOTE: Comments and feedback welcomed ...

Let’s Celebrate UsuryFree Living Now and Beyond!!

By Tommy UsuryFree Kennedy
Unknown to most, usury was the silent plague of the 20th Century
But usuryfree living will become a reality for all in this 21st Century
Usury caused much damage and darkness in this land until 2000
Then “usuryfree creatives” emerged one by one in 2001
The Argentines created the model for me and you in 2002
Some Usuryfree creatives traded time and became usuryfree in 2003
Other usuryfree creatives paid usury no more beyond 2004
Usuryfree living with abundance came alive in 2005
The solution has been known as the usuryfree fix since 2006
Usuryfree creatives dreamed of usuryfree heaven by 2007
Usuryfree living had already started, we celebrated in 2008
The bells chimed for a currency of usuryfree time by 2009
There was some usuryfree living for all women and men by 2010
Our real life experiences are feeling like usuryfree heaven in 2011
Into the dark and dismal history of usury many will delve by 2012
The truth will be revealed and well known and seen by 2013
By taking action NOW, we will have peace and plenty before 2020
Find out how you can participate as a “usuryfree creative” and help to
promote the forthcoming “Seventh Annual UsuryFree Week from
November 13th to 19th, 2011.

Contact: The UsuryFree Network, P. O. Box 9333, Ottawa, ON K1G 3V1
Email:  Telephone: 1.888-NOUSURY

Iceland's On-going Revolution

By Deena Stryker

An Italian radio program's story about Iceland’s on-going revolution is a stunning example of how little our media tells us about the rest of the world. Americans may remember that at the start of the 2008 financial crisis, Iceland literally went bankrupt. The reasons were mentioned only in passing, and since then, this little-known member of the European Union fell back into oblivion.

As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here's why:

Five years of a pure neo-liberal regime had made Iceland, (population 320 thousand, no army), one of the richest countries in the world. In 2003 all the country’s banks were privatized, and in an effort to attract foreign investors, they offered on-line banking whose minimal costs allowed them to offer relatively high rates of return. The accounts, called IceSave, attracted many English and Dutch small investors.

But as investments grew, so did the banks’ foreign debt. In 2003 Iceland’s debt was equal to 200 times its GNP, but in 2007, it was 900 percent. The 2008 world financial crisis was the coup de grace. The three main Icelandic banks, Landbanki, Kapthing and Glitnir, went belly up and were nationalized, while the Kroner lost 85% of its value with respect to the Euro. At the end of the year Iceland declared bankruptcy.

Contrary to what could be expected, the crisis resulted in Icelanders recovering their sovereign rights, through a process of direct participatory democracy that eventually led to a new Constitution. But only after much pain.

Geir Haarde, the Prime Minister of a Social Democratic coalition government, negotiated a two million one hundred thousand dollar loan, to which the Nordic countries added another two and a half million. But the foreign financial community pressured Iceland to impose drastic measures. The FMI and the European Union wanted to take over its debt, claiming this was the only way for the country to pay back Holland and Great Britain, who had promised to reimburse their citizens.

Protests and riots continued, eventually forcing the government to resign. Elections were brought forward to April 2009, resulting in a left-wing coalition which condemned the neoliberal economic system, but immediately gave in to its demands that Iceland pay off a total of three and a half million Euros. This required each Icelandic citizen to pay 100 Euros a month (or about $130) for fifteen years, at 5.5% interest, to pay off a debt incurred by private parties vis a vis other private parties. It was the straw that broke the reindeer’s back.

What happened next was extraordinary. The belief that citizens had to pay for the mistakes of a financial monopoly, that an entire nation must be taxed to pay off private debts was shattered, transforming the relationship between citizens and their political institutions and eventually driving Iceland’s leaders to the side of their constituents. The Head of State, Olafur Ragnar Grimsson, refused to ratify the law that would have made Iceland’s citizens responsible for its bankers’ debts, and accepted calls for a referendum.

Of course the international community only increased the pressure on Iceland. Great Britain and Holland threatened dire reprisals that would isolate the country. As Icelanders went to vote, foreign bankers threatened to block any aid from the IMF. The British government threatened to freeze Icelander savings and checking accounts. As Grimsson said: “We were told that if we refused the international community’s conditions, we would become the Cuba of the North. But if we had accepted, we would have become the Haiti of the North.” (How many times have I written that when Cubans see the dire state of their neighbor, Haiti, they count themselves lucky.)

In the March 2010 referendum, 93% voted against repayment of the debt. The IMF immediately froze its loan. But the revolution (though not televised in the United States), would not be intimidated. With the support of a furious citizenry, the government launched civil and penal investigations into those responsible for the financial crisis. Interpol put out an international arrest warrant for the ex-president of Kaupthing, Sigurdur Einarsson, as the other bankers implicated in the crash fled the country.

But Icelanders didn't stop there: they decided to draft a new constitution that would free the country from the exaggerated power of international finance and virtual money. (The one in use had been written when Iceland gained its independence from Denmark, in 1918, the only difference with the Danish constitution being that the word ‘president’ replaced the word ‘king’.)

To write the new constitution, the people of Iceland elected twenty-five citizens from among 522 adults not belonging to any political party but recommended by at least thirty citizens. This document was not the work of a handful of politicians, but was written on the internet. The constituent’s meetings are streamed on-line, and citizens can send their comments and suggestions, witnessing the document as it takes shape. The constitution that eventually emerges from this participatory democratic process will be submitted to parliament for approval after the next elections.

Some readers will remember that Iceland’s ninth century agrarian collapse was featured in Jared Diamond’s book by the same name. Today, that country is recovering from its financial collapse in ways just the opposite of those generally considered unavoidable, as confirmed yesterday by the new head of the IMF, Christine Lagarde to Fareed Zakaria. The people of Greece have been told that the privatization of their public sector is the only solution. And those of Italy, Spain and Portugal are facing the same threat.

They should look to Iceland. Refusing to bow to foreign interests, that small country stated loud and clear that the people are sovereign.

That’s why it is not in the news anymore." (snip) ...

This article is originally posted at this website:

Saturday, September 10, 2011

The Lawful Bank

The Lawful Bank provides a gateway to ‘The Alternative Monetary System’ (TAMS) - a new and independent monetary and banking system owned and controlled by its users/members. The objective of TAMS is to take back control of the money supply for the benefit of the people of the nations that choose to use it... and by so doing, reassert the sovereign right of the people to self-governance - for a nation cannot truly govern itself unless it is in full control of the means by which its money is created.

That most nations around the world do not control their own money supply is not well known – but it should be - and it is our intention therefore to educate as many people as possible about this issue and explain its significance in terms of the impact it has on our freedoms.

TAMS has been developed to counter the destructive modern-day banking system that is the sole cause of the massive debt mountains that are now the burden of virtually every nation on this planet. It is our contention that people should be educated to the fact that the national debt would not exist if the creation of money was directly controlled by our elected government and that also, if this were the case, the taxes we pay could be dramatically reduced.

TAMS provides the means by which national debt mountains can be extinguished – for the universal benefit of us all – by creating streams of positive financial liquidity in the hands of the people - instead of the streams of negative debt that have been placed on the shoulders of national governments and which are being paid for by ever-increasing taxes. It is a statement of fact that these debt mountains were entirely unnecessary and exist simply because the political elite in national governments have been ‘persuaded’ (some would say bribed) to hand over the control of their nation’s money supply to the international banking cartel. In our view this is nothing short of criminal collusion.

"I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies." - Thomas Jefferson

"Permit me to issue and control the money of a nation, and I care not who makes its laws." - Mayer Amschel Rothschild

YOU can help change things.

Please click here to sign up to the Lawful Bank now. (Read the details at your leisure.) Please note, you are not making a commitment at this stage, you are merely expressing an interest, which will provide us with an early indication of the level of support that we might expect. The success of TAMS depends on our ability to co-ordinate our efforts and work to a common agenda to take back control of the means of money production and by so doing - reassert our sovereign rights.

The lawful Bank, serves as a conduit to TAMS via this web site. By signing up to The lawful Bank you will (in due course) avail yourself of the benefits of membership of this unique monetary and banking system, the essence of which is to distribute to the people the grotesque profits being skimmed by greedy bankers from the nation’s economy.

TAMS, with no shareholders to satisfy, is able to distribute all profits to its members and provide benefits that no other system can provide (see benefits below).

The fundamental principle of TAMS is that each nation’s money supply should be in the hands of the people, for the benefit of the people - and not controlled by privately owned central banks, as is the case with the present international monetary/banking system.

Understanding money, its creation and the means by which the main political parties are controlled is vital to understanding the controls that the banking cartel places on each one of us personally by virtue of the control that the banking fraternity imposes on our system of government.

An honest government would take back control of the money supply. We would like people to start asking the question ‘Why don’t they?

The answer is of course that the political establishment is universally in the pocket of the banking fraternity and that this is the sole reason why so many politicians end up with lucrative directorships or consultancies with and for the banks.

An honest politician that voted in favour of taking back control of the production of our money supply, for the benefit of the nation, would not make a single penny from that decision... but the same cannot be said for voting for the status quo – i.e. leaving the production of the money supply in the hands of a private banking cartel... which rewards its sponsors (politicians) very well indeed.

TAMS Member Banks:

All banks that are members of TAMS have the capacity to offer a range of unique benefits to its members because it operates independently of the existing system – i.e. beyond the control and influence of the interest based global system.

TAMS recognises the absolute sovereign rights of the individual and the sovereign rights of nations as created by the voluntary joining together of individuals of like-mind and shared national ambition and objectives.

TAMS has been created as a tool to serve the interest of sovereign men or women and to help assert global freedom.

Any group of individuals from any nation may establish their own independent bank and sign up to the TAMS charter... which confirms its universal ownership by its users, to be operated in accordance with the principles agreed by the majority of its members.

TAMS is managed in accordance with these principles by a team elected by the membership on the basis of one member one vote. The managers of TAMS are not born into their position or come to it via membership of an exclusive international club of elites.

The benefits TAMS will offer:

• Interest free loans for home purchase – subject to an arrangement fee only.
• Interest free loans for businesses - subject to an arrangement fee only.
• Interest free loans for cars and other household goods - subject to an arrangement fee only.
• Interest free funds for community projects - subject to an arrangement fee only.
• Bonded car insurance – at massively reduced annual premiums – approx £100 per vehicle – subject to payment of a security
bond of about £500. There are no investors to pay.
• Higher interest payments to deposit accounts – achieved through direct loans to other members.
• A large network of community branches.
• A positive credit system – for every £1 of cash deposited, each member creates £10 credit in their account. This credit (created by the system) on the back of the cash deposited is the property of the member and thus not a debt to the member. This will provided streams of credit to the system – and not debt.
To name just a few of the many benefits available.

TAMS also operates in conjunction with The Common Law Courts and The New Land Registry." (snip) ...

Read more about "The Lawful Bank" at this website:

Readers are invited to "Please sign up now at the Secure Login on the left side at the top of the page."

Friday, September 09, 2011

Exposing Cognitive Dissonance

Cognitive dissonance is defined as a psychological condition where one’s mind involuntarily rejects information not in line or cognizant with previous beliefs or actions embedded by conditioning.

In summary, people are conditioned to believe only information that they are familiar with. However, failure to believe something does not necessarily make the information false.

What is “credit?” Credit exists only in the mind of the debtor. The creditor’s patsy (the local banker) may or may not be aware of the truth about “credit” – depending on where s/he is positioned on the internal pyramid of the global banking cartel. Certainly, those positioned near or at the top of the respective banking pyramids know about the lies, deceit and deception about modern money creation.

Credit cannot be seen, heard, tasted or felt, but our governments tell us that our orthodox, economic system of debt money “works only with credit.” Are we-the-people (debtors) being mind-controlled with lies, deceit and deception?

The answer is “Yes” – the global bankers in cahoots with politicians and the giant, trans-national, monopolistic corporations are intent on keeping we-the-people (debtors) believing false information. I draw your attention to this biblical quote:
“My people perish for lack of knowledge.” – Hosea 4:6

Think about this! How can any government borrow or tax “money” from debtors when their devious economic system functions only with “credit?”

In the book “Modern Money Mechanics,” it is written: The actual process of money creation takes place in commercial banks.” Obviously, the banks do not create paper. What we-the-people (debtors) refer to as “money” is created psychologically when the debtor signs the promissory note and the banker then approves any loan or mortgage by depositing “credit” (erroneously referred to as dollars) in the debtor’s bank account.

Indeed, the “money” is created in the debtor’s mind and the debtor has been craftily conditioned to believe this lie.

What debtor’s think is “money” is really “credit,” and debtor’s afflicted with cognitive dissonance are on the “thought standard.” A debtor’s thoughts are influenced with fear of jail and a debtor’s thoughts are monitored by government mafia – the CRA in Canada, the IRS in the USA and similar tax entities elsewhere.

Debtors are forced to think what the government mafia thinks they should think.
In their world of “cognitive dissonance” there are two primary classes of people. (1) those who create money (creditors) and who are authorized to legally exact usury and (2) those who request loans or mortgages (debtors) and who are coerced to pay back not only the principal of loans or mortgages, but also the usury – which is never created as “credit” and put into circulation. This is the direct cause of scarcity and lack in our modern, money system.

Creditors are correctly identified as usurers and debtors are correctly identified as usurees – the latter being forever subservient to the former. The usurers are masters of the debtors and see debtors to be intimidated and fleeced financially for generation after generation.

There is an expression attributed to Abraham Lincoln that says you can fool some of the people all of the time but you can’t fool all of the people all of the time. Historically, the majority have been fooled to believe in democracy and this majority – because of cognitive dissonance – is content to ridicule and use the legal system to control the minority who are awakened enough to oppose the falsehoods of this financial tyranny.

Once a debtor is aware enough to oppose the falsehoods of this engrained, financial tyranny, s/he is likely to be motivated to become a usuryfree creative and work towards creating a usuryfree lifestyle for everyone on this planet.

One way usuryfree creatives can get involved to make a difference in this world where it has become obvious that conventional economics is failing miserably is to become familiar with the SDI (Self Directed Income) industry. This fledgling sales and marketing industry has the power and potential to network the truth about modern money creation to multiple millions at a very rapid rate.

While earning solid sources of secondary income(s) by creating and nourishing an SDI Portfolio usuryfree creatives, who double as SDI entrepreneurs, will be positioned in global networks where given the ease of modern technology, they can re-educate participating SDI entrepreneurs on issues ignored by formal education and commonly dismissed as “not newsworthy” by the mainstream electronic and print media.

Additionally, these usuryfree creatives who are doubling as successful, SDI entrepreneurs will be earning extra income(s) and therefore with this newly acquired abundance, they will likely be motivated to gift or donate funds to further the mission to create a usuryfree lifestyle for everyone on this planet.

Note: The twin blogs (a) The UsuryFree Eye Opener and (b) the SDI Eye Opener offer an abundance of relevant information that can be shared with local and global SDI networks.

Thursday, September 08, 2011

Soliciting Awakened & Enthusiastic SDI Entrepreneurs

NOTE: This message is directed at usury free creatives and debtors …

During the past 60 years, multiple thousands of fellow-Canadians and perhaps multiple millions from all over the world have said “Yes” to an SDI (Self Directed Income) opportunity - otherwise referred to as a Multi-Level or Network Marketing opportunity.

These part-time, SDI entrepreneurs who commonly double as wage-slaves ( (i.e. working for an employer) are discovering that be earning extra income(s) they are becoming more “free” and thereby a threat to the conventional, corporate connection - which is composed of global bankers, monopoly capitalists, politicians, and bureaucrats who would rather see them struggling in financial bondage.

As enthusiastic, free enterprisers, these SDI entrepreneurs are doing more individually and collectively to preserve freedom than any other identifiable group in Canada or elsewhere.

The meddling electronic and print media, controlled by monopoly capitalists do not try to conceal their pleasure in their reporting of negative news stories about the SDI industry. Editorial writers - who never disclose their identity - commonly print negative stories and falsely label legitimate SDI opportunities as “pyramid scams.”

Where are the conscientious reporters when multiple thousands of SDI entrepreneurs gather for annual conventions?

Perhaps it is time for a showdown on “truth” so that the “sponsored” and “unsponsored” can better understand why most global bankers, monopoly capitalists, politicians and bureaucrats are threatened by these active and awakened, SDI entrepreneurs. Could it be that many of the SDI entrepreneurs are awakened to their hidden agendas and backroom, New World Order plans for total financial enslavement of the debtors?

Consider these facts. These SDI entrepreneurs spend little or no money on conventional, print advertising in newspapers or magazines? Even more critical is the fact that direct selling by “word of mouth” and “click of mouse” is causing the giant, trans-national, retail corporations to feel the financial pinch? Many of these giant retailers are still paying big dollars for electronic and print advertisements and their sales are still declining.

By earning solid sources of secondary income(s), these SDI entrepreneurs are breaking the financial bondage being imposed on debtors by the global bankers, monopoly capitalists, politicians, and bureaucrats who would rather maintain the status quo and keep a “claim” on all debtors.

The real sting comes when these multiple millions of SDI entrepreneurs discover that as business owners they can legally deduct expenses incurred to build their respective SDI enterprises, and thereby qualify to receive significant tax refunds when they file their annual income tax returns.

The sin of the SDI entrepreneurs is that they get excited when they learn this new knowledge beyond the walls of formal education, and then they dare to share it with other debtors.

Let the word go forth as we progress into this 21st Century that the torch of freedom which was kindled by our enterprising ancestors and carried by our soldiers has now been passed to a new generation of SDI entrepreneurs.

Active SDI entrepreneurs are converting millions of (debtors) zombie-lost sheeple into alive, risk-taking, sovereign citizens. These SDI entrepreneurs have been tempered by new knowledge, irked by greedy governments, monopoly capitalists and bungling bureaucrats and disciplined by a deepening Depression. They are tired of slaving for wages and proud to be offered an SDI business opportunity and a “helping hand” from their SDI team, rather than expecting a handout from any level of government.

In my humble opinion, the conventional, corporate connection takes great pleasure in reporting falsehoods about the SDI industry in an effort to discredit the power and potential of this global movement of enthusiastic, free enterprisers.

This innovative, sales and marketing movement which is putting more money into the pockets of the middle class is being thwarted by “fright propaganda” printed and aired by insecure, monopoly capitalists and aimed to rob debtors of their choice to become financially free.

However, the ever-expanding, growth of the SDI industry reveals that the meddling electronic and print media is failing in their mission for SDI entrepreneurs from the middle class are waking up to the great “conspiracy.”

Readers are invited to become familiar with the SDI industry by frequenting the blog - The SDI Eye Opener and when readers are ready they are invited to begin building an SDI Portfolio so that they will have more than one source of solid, secondary income.

The Gemfortunes SDI opportunity is a unique, global SDI opportunity to add to one’s SDI Portfolio. It is totally online and simple. As an active SDI entrepreneur, one is required to enrol two SDI entrepreneurs who agree to make a purchase of $300. This qualifies every participating SDI entrepreneur to receive all commissions and bonuses within the compensation plan.

Over 2500 SDI entrepreneurs from all over the world have enrolled with the Gemfortunes SDI opportunity since it was launched in late July of 2011.

Other recommended SDI opportunities can be added to one’s SDI Portfolio as one becomes more familiar with the power and potential of participating with a team of awakened SDI entrepreneurs. For example, active SDI entrepreneurs are invited to read this information at this website (see below) and join NOW- for as soon as we have sufficient numbers this bank will be launched:

A quote worthy of sharing:
"To win without risk is to triumph without glory." - Pierre Corneille