|image: Richard William Posner|
Richard William Posner
What I present here is my opinion based upon the available evidence, both historic (ancient and modern) and current. The preponderance of that evidence leads me to the conclusions I proffer. You may accept or reject them at your pleasure.
If I am presented with countervailing evidence, which I find to be more convincing than that from which I have drawn my conclusions, I will modify my conclusions to reflect that new evidence.
What you may believe is not relevant. Belief is the acceptance of something as fact, absent supporting evidence. It is only required when doubt exists regarding the verity of the subject in question. Belief requires closing the mind to unanswered questions and ignoring verified and demonstrably accurate contradictory evidence when it is presented.
I do not believe in belief.
Legislation recently forced through congress, (S. 365) Budget Control Act of 2011, is yet another attack, perhaps the most lethal, upon the working people of America.
Status: This bill has become law. Explanation: It was signed by Barack Obama. [Last Updated: Aug 4, 2011 6:12AM]
This is possibly the final step in the theft of all remaining wealth from the working people of America, that it may be redistributed upward to the parasitic aristocracy, which has been systematically dismantling the republic for many generations.
This unconstitutional abomination, when deciphered, simply says; Cut, slash and eliminate any public programs created to Promote the General Welfare, while ensuring that no limit may be set upon spending for illegal invasions, occupations, wars of conquest, empire building or the specific welfare of the military-industrial complex, the ultra-rich parasite class, multinational corporations and the international banking cartel.
What little wealth remains to the People will be redistributed upward to those who have bought our government, and the burden of the transfer placed squarely upon the back of American Labor.
Meanwhile, the last of our rights will be stripped from us in the name of the fictitious War on Terror.
S. 365 also authorises the creation of a twelve member “super committee”.
This cabal will be the last nail in the coffin of the United States of America. It will enshrine in law the transition of our government from a constitutional republic to a tyrannical oligarchy, which is in turn owned by an international plutocracy comprised of individuals with loyalty to no nation or people and whose only purpose is the totalitarian control of Earth and all its resources, including its people.
One world government, one world economy, The New World Order.
But wait! There’s More!
There is also in the works, S. 360: HELP Act, a bill to reduce the deficit by establishing discretionary spending caps for non-security spending.
More of the same, assuring that the General Welfare is neglected, completely disregarded, while war, conquest, empire building, ecological destruction and death for profit are guaranteed unlimited funding to advance the agenda of the New World Order.
And That’s Not All!
There is also S. J. RES. 10, proposing an amendment to the Constitution of the United States relative to balancing the budget.
Another unconstitutional abomination that will further ensure the destruction of the nation by aiding and abetting its transformation into a tyrannical plutocracy.
Its true purpose and intent are made clear once it is understood that it gives over responsibility for the enumerated powers of Congress to the executive who will write the budget, designate taxes, and how the money will be spent.
We will be taxed for whatever the executive decides to spend, or not more than 18% of the GDP.
And Even That’s Not All!
The Bureau of Economic Analysis in the Department of Commerce, which is responsible for calculating the GDP, is an agency controlled by the executive. Therefore, the executive controls the agency which computes the number that limits spending.
This BBA (balanced budget amendment) is a scam, which would legalize spending that is presently unlawful, increase the powers of the federal government and do nothing to actually reduce spending.
Our Constitution will be mutated from one with enumerated spending powers to one with general, meaning “unlimited”, spending powers.
This amendment will open wide the door to totalitarian dictatorship.
Most if not all members of Congress are in violation of the Oath they took to defend the Constitution.
They are complicit in war crimes, crimes against humanity, conspiracy to commit genocide, murder, assassination, theft, extortion, graft and enough criminal offenses to fill a small ledger.
They have turned over the entire wealth of our country to a small group of non-productive parasites, none of whom hold loyalty to any nation, and are willfully selling the working people of America into slavery.
Words From the Wise, Lessons From the Past
The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. — Abraham Lincoln
As long as our money is issued and controlled by a private, for-profit banking cartel and borrowed at interest by the government, we will NEVER pay off the debt.
Until control of the currency, and thereby the economy, is wrested from the for-profit bankers, the debt will continue to mount without end until the entire system collapses under its own monstrous weight.
This collapse is inevitable and very imminent.
When this collapse comes, who will be crushed under the rubble? The People of America and much of the world, not the parasitic elite and their political servants.
This was and is the purposed intention of the Federal Reserve Act of 1913; to create a monetary system, based upon usury, which guarantees a perpetually indebted nation, both the citizens and their government. It empowered a central banking system exactly like the one we fought a revolution to be free of.
Every effort has been made by the Federal Reserve Board to conceal its powers, but the truth is that the Federal Reserve System has usurped the government. It controls everything in congress and it controls all our foreign relations. It makes and breaks governments at will. — Louis McFadden, Chairman of the House Committee on Banking and Currency
The regional Federal Reserve banks are not government agencies. …but are independent, privately owned and locally controlled corporations. — Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982
Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. — The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in 1933
This Act (the Federal Reserve Act, Dec. 23rd 1913) establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs the Bill, the invisible government of the Monetary Power will be legalised… The worst legislative crime of the ages is perpetrated by this banking and currency Bill. — Charles Lindbergh Sr.
The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money. — Charles A. Lindbergh Sr., 1923
Our monetary system is based upon usury and its problems cannot be resolved by applying more of the same practices that caused it in the first place. A fire is not likely to be extinguished by dousing it with gasoline.
If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations. — Andrew Jackson, the only president to ever pay off the national debt.
Simple, Elegant, Equitable, Constitutional and Urgently Needed
Representative Dennis Kucinich presented a bill in the House of Representatives, December 17, 2010.
The only group having anything to lose by passage of this legislation is the parasitic minority that controls the international banking cartel, the financial industry and the corporate military industrial complex.
While taking unearned wealth from all the working people of Earth who actually produced it, they have brought economic ruin to nations, ecological disaster to the planet and death and destruction to hundreds of millions.
Counter Markets Newsletter - Trends & Strategies for Maximum Freedom
Is it any wonder this bill was stalled in committee and now languishes, dead in the toxic, polluted water of the political sewer?
Last Action: Dec 17, 2010: Referred to the House Committee on Financial Services.
HR 6550, the National Emergency Employment Defense Act provides the fundamental changes that are absolutely essential to start us on the path of genuine progress.
(b) Purposes- The purposes of this Act are as follows:
(1) To create a full employment economy as a matter of national economic defense; to provide for public investment in capital infrastructure; to provide for reducing the cost of public investment; to retire public debt; to stabilize the Social Security retirement system; to restore the authority of Congress to create and regulate money, to modernize and provide stability for the monetary system of the United States, and for other public purposes.
(2) To abolish the creation of money, or purchasing power, by private persons through lending against deposits, by means of fractional reserve banking, or by any other means.
(3) To enable the Federal Government to invest or lend new money into circulation as authorized by Congress and to provide means for public investment in capital infrastructure.
(4) To incorporate the Federal Reserve System into the Executive Branch under the United States Treasury, and to make other provisions for reorganization of the Federal Reserve System.
(5) To provide for an orderly transition.
(6) To make other provisions necessary to accomplish the purposes of this Act.
This legislation is actually written in language that can be understood by a human! It’s not that long and you should take the time to study it. Pay special attention to; SEC. 2. FINDINGS; PURPOSES and take careful note of the list under item (19) This ceding of Constitutional power has contributed materially to a multitude of monetary and financial afflictions, including—
Free Enterprise, Not Free Market
Free enterprise shall be conducted between the parties directly involved. There will be no artificial need for a third party investor who takes unearned wealth, while incurring no real risk, for facilitating an activity in which no outside intervention is actually required.
People making profit from money, which is not a commodity, is the problem, certainly not the solution.
Corporations are not persons and have no rights as such. As was once true in the past, they should exist only by charter and for the common good. They would therefore be worthy of investment by the people through the good offices of their government.
If, after a pre-designated period, the chartered corporation cannot show conclusively it is indeed contributing to the common good, its charter shall not be renewed and any capital remaining shall be restored to the people to be retired from circulation or to be reinvested where required.
A System Based Upon Usury
Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile. — William Lyon Mackenzie King, the tenth Prime Minister of Canada from December 29, 1921 to June 28, 1926
The meaning of the word usury has been transformed over time with specific intent and purpose.
Are You a Scholar?
Said transformations can be understood for example from first stepping back to Webster’s 1967 Seventh Collegiate Dictionary, which defines usury and clearly explains the order of presented definitions:
In general, the order of definitions follows the practice of the Third New International, where the earliest ascertainable meaning is placed first and later meanings are arranged in the order shown to be most probable by dated citations and semantic development. This arrangement applies alike to all meanings whether standard, technical…etc.
1: archaic: [original, archaic] INTEREST
2: [original, formal] The lending of money with an interest charge for its use
3: [later re-definition] an unconscionable or exorbitant rate OR AMOUNT of interest: specific: interest in excess of a legal rate [or an unconscionable or exorbitant AMOUNT of interest] charged to a borrower for the use of money.
So here in the very dictionary we see an actual chronology of the purposed morphing of the term.
In other words, according to the oldest (archaic/traditional/biblical) definitions, (1 and 2), interest and usury are equivalent. There is no difference.
The terms are interchangeable, except perhaps for the inferred or characteristic usage, where usury might as well apply, too, to the broader effects even of a monetary system subject to interest, whereas interest might customarily apply more narrowly to the specific unearned gain attached to money under whatever conditions deprive a populace otherwise of necessary “finance” — in other words the further circulation necessary to sustain further endeavors. (Source)
Are You a Christian?
If you take the time to look, you will understand that all interest is, by definition, usury. It must ultimately be eliminated entirely. It is and always has been the source of perpetual debt. It was the only thing, according to the legend, that drove Jesus to resort to violence.
12 In you men accept bribes to shed blood; you take usury and excessive interest [a] and make unjust gain from your neighbors by extortion. And you have forgotten me, declares the Sovereign LORD.
The cited revision of the Old Testament above relates a forbidden behavior to excessive interest.
The word “excessive” however has recently been introduced to the re-translation; and so only if we refer to a footnote [a] can we return toward the actual translation/meaning:
a. Or usury and interest.
Where does the word “excessive” come from, particularly if there wasn’t even an equivalent term for the word “interest,” and either usury or interest could only be deduced from the metaphors which originally comprised the expressions?
Here is an even earlier translation of the same paragraph of Ezekiel 22:
12 In thee have they taken gifts to shed blood; thou hast taken usury and increase, and thou has greedily gained of thy neighbours by extortion, and hast forgotten me, saith the Lord God.
Here we see the metaphor carried forth. Thus “increase” was interpreted all the while to apply to what we understand to be interest/usury.
Interest therefore is usury; and because either comprises irreversible processes to but one inevitable state of dispossession, interest too is always usurious. (Source)
It’s Really This Simple
If Congress would simply pass HR 6550, the problem of the debt ceiling would vanish because there would be no national debt.
The economy would rebound and surpass any past success by a large order of magnitude.
America would flourish as never before. All the people would share equitably in the wealth they create and enterprise would be truly free.
Our government would then have the capacity to Promote the General Welfare of the nation, which is one of the primary purposes for which the Constitution and our government was created.
Please note the choice of the word General rather than Individual. I think it’s a safe bet the authors knew the difference.
That one phrase embraces just about every purpose that our Constitution and government are intended to serve. Think about it.
After a few years under this system there would be no reason to levy taxes of any kind.
America would become the genuine beacon of hope and leadership it has so long falsely claimed to be.
No patriotic representative or citizen could possibly refuse to support this legislation.
If it is truly your hope and desire to see freedom and prosperity in America, take whatever steps you can and use whatever resources you can spare to lobby Congress for the passage of HR 6550.
A problem cannot be solved by applying more of the same reasoning and principles that caused it in the first place.
Although it is certainly not perfect, as nothing is, HR 6550 is the best chance we have of putting a stop to the utter destruction of America and its transition into a third world country under a totalitarian plutocracy.
There is no way to Peace. Peace is the Way.
Richard Posner is a writer, computer graphics and image editor, and is skilled at electronic music applications. The full range of his political and ideological views, and the background for those, can be found on his own site. Richard can be contacted directly at [email protected]