It's The Usury, Stupid !!

By Tom J. Kennedy

James Carville, Bill Clinton's campaign manager is cited as inventing the quote: "It's the economy, stupid." This became the mantra for Bill Clinton's 1992 presidential campaign. It would have been more appropriate to post this sign at Clinton's headquarters: "It's the usury, stupid." I'm wondering if any candidates in future elections in Canada will adopt the mantra: "It's the usury, stupid."

Due to the work of many competent researchers during the latter years of the 20th Century, it has now become apparent that "it's the usury, stupid."

To fully understand the nature of any modern or historic economy one must be re-educated about the design flaw of usury and its function in modern orthodox economics. It can be simply defined as: 'the positive feedback instability in the chips 'system.'

Since the early 1980's, a healthy economic environment has been created in many communities in Canada, the United States and elsewhere where usuryfree, mutual credit systems have been implemented. It seems that when the function of usury is eliminated, these faltering local economies are revitalized.

Economists who follow conventional economies continue to make errors about the cause of inflation in spite of the fact that during the 1980's, John 'The Engineer' Turmel from Ottawa, Ontario, Canada proved conclusively that inflation is directly caused by the design flaw of usury.

Economics with no equation for inflation (J) teach that it is the inverse function of the interest rate so they think raising interest will lower inflation. The Engineer with the equation for inflation J = I (P+I) teaches that inflation is the direct function of the interest rate. Solving the equation by making I=0 makes J=0 too.

Without a doubt, during the 20th Century, there was a misallocation of research dollars in matters relating to economics, just as there was a similar misallocation of research dollars in matters relating to energy, biology, health and wellness, metaphysics, spirituality etc.

When citizens 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.

Since the modern dawning of the Age of UsuryFree Living, in the early 1980's when Michael Linton created the usuryfree LETS (Local Employment Trading System) software, we have an abundance of proof positive that we no longer need to be subservient to the banking power that has been ruling this world for centuries. We can now create and spend our own currency for FREE instead of using their (the bankers') currency and agreeing to pay them a FEE (Usury).

Accommodations are one of the most popular commodities that can be traded with our own usuryfree community currency. I often travel to cities all across Canada. I create my own IOU's for FREE. Those who offer accommodations accept my IOUs and they know that other people will accept these IOUs at a future date.

The world of usuryfree creatives is now expanding as more and more people experience the reality of usuryfree living as they learn to acquire the products and/or services for their personal, family and business needs by negotiating trades locally by using a usuryfree community currency. What we need is an umbrella group with an online database that will serve us locally, nationally and globally.

Why doesn't the Court of Public Review (the common people) know that the experience of usuryfree living is now a distinct possibility? Some researchers refer to the public as the 'sheople' who have been conditioned by their hypnotic TVs to worship as false idol, Mammon. Indeed, it's mammon that is the motive for almost every TV crime. There are some common sayings: 'I did it for the money,' or 'He would have ruined me' etc.

I suppose it's not the people's fault if they've been lied to by the mainstream print and electronic media which effectively control the news. For example, the media distorts the meaning of these two key words: 'correlation and causation.' It's one thing to link interest (usury) to an economic malaise, it's quite another thing to unequivocally state that usury is the direct cause of the ever-present shortage of money that afflicts modern society. To do so it to reveal that usury is a direct, controlling lever that is causing the malfunction on our orthodox, economic machine.

An analogy is appropriate to explain. Let's begin the analogy by asking this simple question: "Does the ignition key control your vehicle?" Some people might answer 'yes' because they know that the key is needed to start the vehicle. The question repeated is: "Does the ignition key actually control the vehicle?"

Consider that if the ignition key did control the vehicle no driver would be needed. In truth, the key is 'correlated' with the control of the vehicle. The driver who turns the key in the ignition actually controls the vehicle by driving it. Similarly, specific economic elements are correlated with the behavior and characteristics of the complete economic organism.

However, the economic organism does not malfunction until something triggers it. So what activates the shortage of funds in our orthodox economic system? The answer is elegantly revealed in John 'The Engineer' Turmel's 1991 paper entitled 'The Affidavit and Ballad of the Banking Systems Engineer.'

http://www.cyberclass.net/turmel/pombank.htm and

http://www.cyberclass.net/turmel/bankmath.htm and

http://www.cyberclass.net/turmel/biglie.htm

In the book, Grace and Mortgage by Bishop Peter Selby, Bishop of Worcester, ISBN 0-232-52170-0, page 116 it is written:

"As Galbraith remarks, higher interest rates, it is hoped, will curb inflation. These comments of Galbraith illustrate why, although the raising of interest rates is the weapon against inflation chosen by those who profit by it, it is also clear that as a method it cannot finally work. John Turmel, a Canadian civil engineer and campaigner against usury, has in two long articles brought algebra, plumbing and poetry to bear on the task."

The world owes the Bishop of Worcester much for his treatise on mort-gage and grace.

Yes, John 'The Engineer' Turmel who is a perennial candidate in municipal, provincial and federal elections in Canada presents proof positive that the design flaw of usury controls orthodox economics so that it profits the lenders (bankers) obscenely while the common people endure severe financial stress because they signed impossible loan and mortgage contracts for lack of knowledge about how modern banking really works. John often refers to interest or usury as 'loan-sharking' and people quickly know why it must be abolished.

John 'The Engineer' Turmel currently holds the World Guinness Book of Records for running as a candidate in the most elections. Bravo to John for having the tenacity to keep repeating the uplifting message, that usuryfree living for the whole world is now possible, though few are listening.

Here's a quote from John: "It doesn't matter how many of the hypnotized sheople don't see heaven over the horizon. It more matters how many break their conditioning to see the same Eden we can see. Matthew 13:10 says their conditioning to worship Mammon will keep them forever hearing without hearing and seeing without seeing or understanding until Heaven arrives. In an instant. but more and more are seeing the vision of Global LETS once they've grasped the local vision. Some stay stuck at local forever though."

John cleverly points out that the falsehood about the design flaw of usury has been erroneously accepted for such a long period of time that economists and politicians have overlooked that it is a mistaken 'hypothesis' and not an absolute truth that 'raising interest (usury) rates fights inflation.' In summary, the Big Lie of Economics is that inflation is the inverse function of the interest rate.

In reality, the idea that usury controls modern orthodox economics by fostering the ongoing 'shortage of funds' is no longer a supposition. It has been proven that interest (usury) rates actually cause inflation. In addition, there is ample evidence to prove that usury is directly and/or indirectly related to violence, wars, poverty, scarcity and lack.

The best proof that inflation is the direct function of the interest rate is when Argentinian provinces dumped all that new social provincial bond currency into circulation despite the bankers screaming worries about inflation but inflation then down after the injection of all that new money proving that inflation is caused by foreclosure of collateral backing up the money rather than more money chasing the collateral.

On a positive note, a usuryfree solution has been proposed and is operational in countless communities all over the world.

But we're not hearing about them. I've heard Japan has made some astounding breakthroughs using smart-cards to account for their credits and to beat the counterfeiters. There was only one Reuters report on Argentinian farmers buying tractors from Ford for grain. Great breakthroughs are being made but there's no central location for the news except for occasional internet postings.

People are exchanging products and/or services by using a usuryfree community currency as a complement with their diminishing amounts of usury-based, federal cash. By using their own usuryfree community currency, people are freeing up federal cash to pay off any outstanding debt, because it's the usury function that makes any debt grow.

Of all the usuryfree community currencies that are surfacing, the usuryfree time currency is lauded as the optimal usuryfree currency since one hour has a capacity of sixty minutes in every continent. Therefore, time-traders will be able to trade internationally with ease since exchange rates will no longer apply. In the future, human time may very well be the best numeraire for human money.

Readers are invited to view Ithaca Hours This is one of the best and longest-running usuryfree, time currency trading systems in the world. Everyone is issued 4 Ithaca Hours as a beginning time-trader. This is a very conservative policy on the issuing of usuryfree community currency. Some researchers are suggesting that it would be appropriate for each participant to be issued one year's worth of time-credits. This amount could be a minimum of 1000 hours and a maximum of 2000 hours.

Tamworth Hours can be viewed at this website - as another models of a functioning usuryfree time currency.

In plain English, when it comes to local, national and global economic control, "It's the usury, stupid." And, when it comes to local, national and global trading, "It's the usuryfree time currency, NOW!"

It has been suggested that Interest is the demand for extra fecund cows or wheat while usury is the demand for extra sterile gold or credits.

Watch for more news headlines trumpeting the reality of usuryfree living and expect more sober truths about the usuryfree 'heaven' to be experienced in '2012', and beyond...