Interest free money

A meaningless existence . . .

Konrad Heiden was there.  As a young democratic activist in 1923 he went head to head with the German National Socialists.

Much of what he wrote is important because it came out before the second world war concluded.  It is not a victor’s account in the rear view mirror, but a documentation of what he saw, what he experienced battling Hitler and the Nazi Party as a young democratic activist.

What you come away with from reading his book Der Führer is that the German people were not fooled at all, but what they feared even more than their realization they had made a pact with the devil was their own insignificance:

“Hitler was able to enslave his own people because he seemed to give them something that even the traditional religions could no longer provide; the belief in a meaning to existence beyond the narrowest self-interest.  The real degradation began when people realized that they were in league with the Devil, but felt that even the Devil was preferable to the emptiness of an existence which lacked a larger significance.”

Yes, there must be something more than the putrefaction of commoditized existence.   So yet again, perhaps a reincarnation of Hitler has arrived; and I would argue that the German people are equally not fooled.

Angela Merkel has garnered convincing majorities of the electorate that Hitler never did in any election.   The banksters that have sent the nightmare of the dead to haunt the living know what the Germans crave, as the banksters knew in the 1920s.

But their erstwhile puppet, for the banksters bankrolled Herr Hitler in the early days of the Nazi party, proved more independent than they would have liked.  For while he wished to enslave the German people to his cult of personality; he likewise liberated the German people from their slave system of debt based money.  In truth, this is why the banksters who sang his praises prior to 1933, abruptly changed their tune after 1933 using the middle men minority to do their dirty work. 

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Herr Hitler had committed the unpardonable sin of ending the regime of debt based money, money brought into existence by virtue of credit.  Instead, Hitler issued treasury securities which were then used in public works projects that curbed Germany’s high unemployment.  That is, Herr Hitler created funds just like the state bank of North Dakota today to put people back to work.  And it worked.  Just as North Dakota weathered the down turn since 2008 remarkably well.

Now dear readers, ask yourself why the full faith and credit of the U.S. government is placed around debt based money issued by a private cartel of banks?  As opposed to the full faith and assets of the U.S. government placed behind the issue of its own money by the U.S. Treasury Department as contained in the U.S. Constitution.  The former resulting in interest obligations that must be paid in addition to principal, as opposed to the issuance of interest free money?  It is a no brainer dear reader.

As Hitler demonstrated, notwithstanding his considerable foibles, that he could get Germans working—the socialism half of National Socialism—that is often forgotten.  So while Treasury Secretary Henry Morgenthau lamented FDR’s inability to restart capitalism even as late as 1938, the vilified Herr Hitler got Germany out of its deep unemployment funk.  In fact there is nothing to prevent a state owned bank from direct interest free commercial lending, not for profit, but for the public weal, as ably demonstrated by the State Bank of North Dakota.

Why any talk of interest free money immediately draws bankster retaliation as in post 1933 Germany, Iraq where Hussein wanted to end the petrodollar, and in Libya where Moammar Kadhafi had the temerity to want to issue a gold dinar to settle oil transactions.  So you hear a lot of blah, blah, blah . . . freedom from Americans, and you hear a lot of blah, blah, blah about freedom loving Germans, but you never hear them talking about ending the debt serfdom of interest bearing money.

Fractional reserve banking is a slave system that has outlived its usefulness . . . like the German Junkers and plantation owners of the Antebellum South.  The truth of the matter is that blacks do not want freedom, but only the freedom to be slave masters like the banksters’ stooge Barack Obama.   This is not change we can believe in.

For five months of the year, Americans labor to pay taxes, but in actuality labor to pay interest on the accumulated national debt—during that time they labor for tape worm lords just as much as the classical Villeins once labored on the fields of their lords.  The saving grace of the Villeins was that they were under no delusion that they were free as today’s debt serfs imagine.  No, they did not live the imaginary to their real conditions of existence. 

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