RE: Theos-World US Karma
Sep 17, 2001 11:22 PM
The Evil of Usury
"The rich ruleth over the poor, and the borrower is servant to the
- Proverbs 22:7
By Jason Jeffrey
Alas, the above is only too true today as it was when formulated. The
rich rules over the poor - an ages long fact. The borrower is servant to
the lender - and what is the method used by the lender: the insidious
system of usury. The whole case against usury is too large to cover in
the space of an article so the following is a concise and brief
explanation of the workings of this fraudulent system.
For the many readers who are aware of these little-known facts, the
following will serve as a timely reminder and hopefully, an incitement,
to inform the many innocents who are daily losing their farms, houses
and businesses as a result of this unjust system. Even more urgent is
the need to educate the young before they embark on a future
relationship with their bank or financial institution. There is no
turning back once those loan papers have been signed: you are trapped
right up till the day you pay it off.
For the readers who have never been fortunate to know the following,
they may well be shocked and even angry. They will be angry at the
banks, the Establishment that permits such a swindle, and in fact,
thrives off such a swindle.
"For the love of money is the root of all evil."
- 2 Timothy 6:10
"The most sinister and anti-social feature about bank-deposit money is
that it has no existence. The banks owe the public for a total amount of
money which does not exist. In buying and selling, implemented by cheque
transactions, there is a mere change in the party to the whom the money
is owed by the banks. As the one depositor's account is debited, the
other is credited and the banks can go on owing for it all the time.
"The whole profit of the issuance of money has provided the capital of
the great banking business as it exists today. Starting with nothing
whatever of their own, they have got the whole world into their debt
irredeemably, by a trick.
"This money comes into existence every time the banks 'lend' and
disappears every time the debt is repaid to them. So that if industry
tries to repay, the money of the nation disappears. This is what makes
prosperity so 'dangerous' as it destroys money just when it is most
needed and precipitates a slump.
"There is nothing left now for us but to get ever deeper and deeper into
debt to the banking system in order to provide the increasing amounts of
money the nation requires for its expansion and growth. An honest money
system is the only alternative."
- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.
As the above makes clear, banks are able to manipulate "money" using
various methods like the debiting of one account and the crediting of
another, and so on, thus "balancing" the accounts. Banks also "create"
money in more ways than one, through a trick that will be looked at
Economists use the term "create" when observing the process by which
money comes into being. Thus, creation means making something that did
not exist before.
A sawmill makes boards, workers build houses from timber, a glass-blower
makes fancy glass ornaments. In these examples, they did not "create",
but converted already existing materials into a more usable, and thus
more valuable form.
However, money "creation" is somewhat different. Here, and here alone,
man "creates" something out of nothing. Pieces of worthless paper are
printed, given various denominational values, which can be used to
purchase, for example, a glass ornament. Its value (of the money, or
piece of paper) has been "created" literally out of thin air.
As we can see from the above, manufacturing money is dirt cheap, and
whoever does the "creating" and issuing stands to make impressive
The Supply of Money
"Let me issue and control a nation's money and I care not who writes its
- Attributed to Mayer Amschel (who later changed his surname to
Rothschild and founded the largest financial dynasty ever to exist in
its influence and power).
The proper use, distribution and supply of money is of vital importance
to the efficient running of society. Modern societies are completely
reliant on an adequate supply of money.
Without money, industry would grind to a halt, farms would become mere
self-sustaining units, surplus food would disappear, jobs requiring one
or more workers would remain unfinished, transport of all goods would
cease, hungry populations would kill and steal to stay alive, and
government would collapse leading to complete anarchy. It is not hard to
imagine the catastrophic conditions created if money was to completely
Money remains the life-blood of society; money flows throughout society
just as vital nutrients flow throughout the body, giving sustained
growth, development and vitality. Money is the method by which goods and
services are exchanged; remove money or hamper supply and the results
will be disastrous. We need only recall Australia's Great Depression of
Bankers Depression of the 1930s
Australians all know about the Great Depression and the extremely hard
times it brought about; but what of its causes?
In 1930, Australia did not lack industrial capacity, fertile farmland,
or skilled, industrious and willing workers, residing in both the city
and country. Already, extensive systems of reasonably efficient
transport and communications were in place. War had not ravaged the
cities or countryside, nor had famine devastated the land and its
population. The one thing that industry and commerce lacked was a
sufficient supply of money.
In the early 1930s, Bankers, who were the only source of new money or
credit, deliberately refused loans to industry, commerce and
agriculture. However, payment on outstanding loans was demanded, which
led to a rapid decrease in the circulation of real money.
This caused a complete standstill; jobs could not be done, goods and
services could not be purchased. This ploy by the greedy Bankers placed
Australia in the Great Depression of the 1930s, and moreover, placed
extensive amounts of businesses, private dwellings and farms in the
hands of these same Bankers.
The people, not understanding the system, were in a helpless position,
and were cruelly robbed of their hard-earned savings and property; they
were told things like "times are hard", "money is short", "everyone is
suffering." These same statements come to mind when recalling them being
made during Australia's recent so-called "recession".
This was "a 'recession' we had to have," the politicians proclaimed; and
one I'm sure the banks loved to have. If you should have the
opportunity, a check on how the banks faired during the so-called
"recession" will reveal sustained and increased profits, with an
abnormal increase in acquired property assets!
Money for Peace? No! Money for War? Yes!
"The Rothschilds can start or prevent wars. Their word could make or
- Chicago Evening American, December 3, 1923.
World War II ended the Great Depression. Overnight, the same Bankers who
had no money for housing, food and clothing, suddenly had millions to
lend for Army barracks, uniforms, rations and weaponry.
This was a remarkable reversal in policy by the Bankers. They simply
began pumping millions upon millions of dollars back into the economy
when war was imminent. The Great Depression ended because of the war!
There will be some who believe that a war will lead to a "boom economy"
because it leads to a massive increase in activity and production. This
fallacy is easily exposed: If we were able to manufacture millions of
tonnes of war equipment, dump it in the desert and blow it up, would we
therefore have a "boom economy"?
On the contrary, wars create huge debts to the Bankers who are able to
expand the money supply and lend more money out. In the case of a war,
the victor nation would have to seize the assets of the defeated nation,
occupy its place in the international trade system, and thus, sometime
in the future, be able to pay back all its debts (including interest) to
the Bankers who made the war possible in the first place. Big banks,
that have traditionally been owned exclusively by a few collaborating
families, can change the course of history and have done so for much of
"Who goeth a borrowing goeth a sorrowing."
- Benjamin Franklin
The only method through which new money (not true, real money, but
"credit" representing a debt) can go into circulation in Australia is
when it is borrowed from Bankers. When large amounts of money are
borrowed and utilised within society, an illusion of prosperity appears.
Thus, when "credit" is loaned out to borrowers, more wealth circulates
within society giving the outward appearance of abundance. Of course
when it comes to paying that money back, there is the question of usury
or interest. As "credit" is borrowed out, interest accumulates at
ever-increasing rates as we will soon see.
The transaction of borrowing money proceeds as thus:
The applicant applies to borrow X amount of dollars from a Banker. The
Banker, by the stroke of his pen, issues the applicant the principal
(the amount borrowed), i.e. "creates" the borrowed amount. This amount
does not come from individual bank accounts. The Banker lends the
applicant nothing tangible (i.e. gold, silver, paper or ink) on credit,
they lend the applicant intangible CREDIT on credit!
Thus, the problem of limited supply is circumvented; the Bankers are
lending noTHING which means they can go on lending forever. A highly
profitable venture indeed.
To conceal the fraud of lending nothing, Bankers charge interest,
whereby borrowers (of nothing) agree to return more imaginary "credit"
than they borrowed.
The borrower whose original loan consisted of principal only, must also
pay an extra amount that the Banker specifies (interest). Therefore, the
new money never equals the new debt added. The amounts needed to pay the
interest on the original loan is not "created", and therefore does not
Under this insidious system, the new debt will always be larger than the
new money; as more money is needed to pay back interest, less money
becomes available. This whole system is particularly unjust when one
realises that he/she is repaying intangible principle ("created" by the
bank) as well as interest (which is conceived from the "created"
The above can be illustrated by the following:
The applicant borrows $60,000 to purchase a home, farm or business, and
the Bank has the borrower agree to pay back the loan PLUS interest. At
just 14%, the borrower must repay $710.92 per month for 30 years. The
Bank obtains its "mortgage" over the property and the borrower receives
a $60,000 cheque from the Bank which is credited to his/her bank
account. The borrower then writes cheques to the builder, contractors,
other institutions etc. These persons in turn write cheques. Some
$60,000 of new cheque-book money has been added to the money supply.
However, the flaw with this usury system is this: the only new money
created and injected into circulation is the principal of $60,000. The
money required to pay the interest was NOT created and was not put into
In the above case, the borrower must earn and take out of circulation
$255,931, almost $200,000 more than he put into circulation when he
borrowed the original $60,000. Every new loan, big or small, puts this
same process into operation. The borrower adds a small amount of money
to the total supply of money and deducts more than quadruple the
original sum (as in above example) to meet his "obligations".
Another example given below illustrates the year by year progression of
a loan for $100,000 at 20% interest for 15 years. Take note that the
borrower has repaid the principle after five years of payments! The
borrower continues to pay the bank a total of $216,134 over the next ten
The inevitable outcome of this system is the diminishment of money in
circulation to the point where a depression will be imminent. Money
increasingly disappears into the Bankers coffers leaving less and less
in circulation. Debtors struggle against each other, vying for new loans
which will mean more "created" money and more interest. The banker
accrues vast sums of real money and credit that he will gamble on the
stockmarket, etc. The Banker will also accumulate all types of property
assets, snatched from bankrupt farmers, businessmen etc.
The Banker who produces nothing of value, slowly, then more rapidly,
gains a death grip over the land, buildings and labour of future
generations. The borrowers have become the servants of the lenders and
have placed themselves on the economic treadmill of debt.
Banks Always Prosper - Through the Bad and Good Times
Though millions of financial transactions are carried out every year,
very little money actually changes hands. 95% of all "cash" transactions
are done by cheque. The Banker is perfectly safe in "creating" the
so-called "loan" by writing the cheque or deposit slip, not against real
money, but against your promise to pay it back! The cost to the banker
is stationary and wages.
The Greatest Swindle Ever!
"Banking was conceived in iniquity and was born in sin. The Bankers own
the earth. Take it away from them, but leave them the power to create
deposits, and with the flick of the pen they will create enough deposits
to buy it all back again. However, take it away from them, and all the
great fortunes like mine disappear, and they ought to disappear, for
this would be a happier and better world to live in. But, if you wish to
remain the slaves of Bankers and pay the cost of your own slavery, let
them continue to create deposits."
- Sir Josiah Stamp (President of the Bank of England in the 1920s, the
second richest man in Britain)
Hidden under a veneer of respectability, integrity and competitiveness,
the Banker awaits his next unsuspecting victim. The Banker is partaking
in the biggest swindle of all time, and he knows it. The Banker's
wealth, power and influence extends the world.
We are ruled by a capitalist Bank-owned Mammon that has usurped the
mantle of government, and set about to pauperise and control the people.
It is now a centralised power-hungry apparatus which promotes war,
steals the people's wealth and uses every type of propaganda to keep its
The Banker realises that an under-educated, ignorant and confused
population is easier to subvert than a healthy and intelligent people.
The ruling Establishment therefore promotes all manner of degeneracy,
decadence and corruption including drug use, sexual perversion and
Through the use of high technologies, the Banker and his other
plutocratic cohorts will have a most efficient and complete control over
a nations finance and thus increased powers to amass even more wealth
through their evil use of usury.
The future will give way to an even larger increase in financial
transfers done not only by cheque but by computer transfers that the
consumer/borrower will execute from ATMs (Automatic Teller Machines) and
home computers. When 100% of all transactions are processed in this
manner, the cashless society will have been reached - a Banker's
paradise. The cashless society will be the ultimate instrument in social
control; no more tax evasion, no more "extra money on the side", no
existence outside the system.
So what can we do about this incredible rip-off? We can warn as many
people as possible about this deceitful system and we can tell them not
to participate AT ALL. The evil that lurks behind usury must not under
any circumstance be supported or encouraged. When enough people realise
this iniquity they will develop alternative methods of raising funds.
They will come together in new community structures; independent from
the old, decrepit worn-out Establishment.
For the love of money is the root of all evil; and the evil that exists
at the base of materialistic societies will one day be rooted out and
[Back to Top]
Dedicated to the Theosophical Philosophy and its Practical Application