Celebrating Usury Free Living
A transformation of awareness of money is necessary and possible. How to get the message out there? Wayne Walton is showing the way.
When Wayne opened up to the Usury issue, he wondered why interest-free money was not yet the norm. And he came up with an answer: marketing.
To create new units and market them properly, that is his mission.
He managed to create not only his own Mountain Hours, but helped initiate a number of other similar initiatives throughout the country.
His communication is great, he’s a good orator, knows his stuff and really passionately puts forward the usury free case in a most comprehensive way.
He’s also absolutely great with videos. Here’s a very powerful one, getting right to the heart of the matter:
Walton brings people together around his themes. He seeks the common ground. And what could be more beautiful than interest-free money? Because he’s actually doing it with his Hours, people love it.
One of his themes is Jubilee. Here’s a typical and wonderful video showing all this:
He used to toy around with Austrianism, before being exposed to Sacred Economics. This helps in bringing them on board also.
Here’s Adam Kokesh, with a good and very enthusiastic analysis of the Mountain Hours. True, their monetary architecture is not the greatest, but it is all being developed as it goes.
[youtube=https://www.youtube.com/watch?v=b8DVvpWO-QI]
He’s revolutionizing the promotion of usury free living. He radically posits the problem, quoting Jesus, Moses and Mohammed, and offers direct solutions: Jubilee and Hours. He does so in a way as to really touch people.
Wayne is very active on Facebook too.
There is another way. We don’t need to exploit to survive. We can have abundance. Usury is the original sin, the ultimate cause of our economic and social woes and the ‘conspiracy’ and its nasty tricks are simply retribution. The suffering it causes worldwide is unfathomable. As always the solution is simple: quit sinning and start interest-free money.
More power to Wayne Walton.
Govt doesn’t need our taxes. Govt can print currency.
Govt imposes taxes to CONTROL the citizens.
Imagine we lived in a pre-money culture, and I fenced off the best fishing grounds. I claimed what was formerly free as mine, and used my tough brothers to guard it. God’s gift was fenced off and made mine. Then I controlled the fish and was able to raise “rents.” I could then charge high favors for my food relative to other members of the tribe. Maybe you had to sell your daughter to me for some fish because of starvation? Something precious was given away for artificial rents on fish formerly plentiful. The tribe elects a sheriff to institute some “law” and probably will club me to death. The “rents” are easy to see in a pre-money culture, and when trust is breached it is more of an affront, because everybody owes everybody else “gifts” in order to survive.
The necessary Sheriff or chief elder was selected in order to bring order against my rent seeking. No doubt other tribesmen were also trying to get over and take what they didn’t earn. Everybody in the tribe comes to agreement they need a form of legal structure otherwise they cannot survive.
It’s just a plain damn fact that mankind is defective, and a rent seeker, and he needs to guard against himself. We elect wise councils and institute good law to prevent our excessive elements. Religion is mostly law codified and indurated down to practice.
Taxes pay for the Sheriff/village elder/religious governing authority. Government has a role; otherwise young toughs fill the vacuum and take rents. Witness Africa and Alpha males driving around in white Toyota pickups…whoever has 50 caliber machine gun attached controls the village.
In a money culture we use markets to establish price. If prices have rents embedded, we need government to step in…same as with the fish in a gift culture. Rents are taken in markets with usury on money. It’s invisible to the consumer that prices are high with money rents, because money is opaque. It wasn’t opaque when I took your daughter.
Then we drill into markets a little deeper and discover there are three kinds: Elastic, Inelastic, and Mixed. Rent seekers then hide in the gaps between market types, trying to game “price” for rent advantage. Does the market regulate itself for this rent taking? Hell no. Rothschild takes his usury rents on money and uses his stolen wealth to buy government. Rockefeller controls oil and transportation to take rents on energy. Pharmaceutical companies pretend the medical market is elastic and price completion limits them. Rich landowners fence off God’s free gifts and extract the resources for more than the extraction costs, taking rents.
Government does need to be properly constructed and funded. Some forms of taxes are required, and taxes on “rents” are the best kind. Land since it doesn’t follow supply and demand curves (fixed amount of land) is a good place to tax. The best kind of government is local and small, and voluntary as possible.
The flip side of monetary policy is fiscal policy (taxes). In a positive interest usury world, usury capital aggregates toward Rothschild and must be taxed and redistributed. He has the fish and your daughter. The young toughs in the form of illuminati are taking rents, and have usurped and control government.
Sure Ren. If one does not acknowledge the Gospel message. Otherwise, we have an alternative to oppressive human governments: the Kingdom of God. It just never occurs to most people, even most Christians, that God is capable of running things Himself, if I let Him.
Analyze the bible, or any religious book, and tell me how much of it is though-shalt and shall not type of law? I would venture to guess the bible alone is probably 50% law. The Pharisees perverted the law and took rents for their own self aggrandizement – in effect making them evil.
God’s word is a template for behavior,and we are to subordinate ourselves to his word, which is law.
Money is a creature of the law, and religion has much to say on the subject. God also gave us a brain, as we are made in his (her?) image and hence should not submit meekly. Jesus wasn’t a mouse, he roared, and took on the money powers.
Well, the second covenant (NT) is more about Grace than about Law REN. Paul makes some good points about the impossibility of living through Law.
The (her?) comment regarding God is a rather silly Jew-y feminist thing to say.
I really enjoyed Wayne’s show on Republic Broadcasting. I hope he plan’s on doing another radio show in the future, because we need someone like him to promote the truth on usury and monetary reform. Aside from Tarpley, there really isn’t anyone out there in the broadcast media doing this.
Reblogged this on seeds for natural justice and commented:
t5hought provoking ideas, with emotional videos from LETS inspired activists! worth an hour of your time i feel!
Problem with LETS and all these other ‘time’ currencies is they obfuscate our promissory obligations to each other, which are backed by our labour and production.
All we need is the ability to issue our promissory contracts free of the banks and interest. MPE has been out there now for 40 plus years.
Hi Anthony,
Big fan of your work here, having been a recovering Austrian myself.
My only question is why is MPE not being discussed here, or invited to take part in these debates?
MPE, to me, is far more structurally sound the Mtn hours, eradicates the need to ‘borrow’ money (we issue it) and also deals with inflation/deflation at the same time. It directly ties the currency to our labour and production while restoring the issuing power to the people.
Thanks Greenbacker!
LETS is very limited and interest free credit (which I call Mutual Credit) knows much superior ways. MPE is one of them.
I certainly support MPE, which is an advanced interest-free credit application.
It seems a good approach for national economies. But it has its limitations: for instance, there is no tool for convertibility, which is important to get Mutual Credit fully competitive in the marketplace (as regional currency, for instance).
Also, Mike sits on his thing, making it a little obscure.
No problem Anthony. I think Mike sits on it as he appears to have been plagiarized many, many times over now. I say this as someone who woke up from my Austrian slumber reading Ellen Brown Web of Debt/Zarlinga etc. What Ive found is these guys have prevoiously been in contact with Mike, and extracted entire segments of his work, often coming to completely wrong conclusions.
Case in point Ellen claimed interest was not a problem, until being publicly schooled by Mike himself. I cant take her seriously anymore. Bill Still, I still have some respect and time for, but uses a lot of the terms from Mikes earlier work. Bill NEVER mentions interest, Or our promissory notes. Why? I respect him allot more than that shill Ron Paul, but he seems to have latched onto a position from which he cannot drop. You can tell from my name I think a national greenback is a big improvement, but MPE is a total solution to national credit.
Ive gone in a few short years, from being a an Austrian/competing currencies bug, to a green-backer/national bank guy…to MPE. I now recognize the banks for what they are, money changers laundering our own money(promissory notes), and handing it back to us with interest. This site and Liberty Revival blog are both excellent places to wake people up.
Yeah, Ellen is wrong about interest and Bill is also not too sharp on the issue, making it a fractional reserve banking thing.
Plagiarizing is bad, there is no doubt about it. It shows weak character.
On the other hand: Mike’s ego is not much smaller than Blankfein’s. This ’11th hour pretender’ is just insane. The struggle against Usury is millennia old. Jesus does not call Mike an ’11th hour pretender’. Interest Free credit is old technology. WIR has been doing it in Switzerland since the thirties.
By saying he invented it all himself he is just more plagiarizing.
What he wants is people to join his class and be the big master. He cannot deal with real discussion, when he ‘interviews’ people he’s talking 80% of the time, explaining his guests they’ve got it all wrong.
What he should do is get his work out there. Write lucid articles explaining exactly what he’s doing. Join up with allies, instead of having them kiss his ring.
Mike’s got a lot of good points, but I’m not too sure about it all. There are limitations to MPE and I’m also not really confident he’s got the volume issue under control, but I’m not sure on that one.
I’m ready to post a direct and open article about MPE any time. If somebody can give me a few links where I can read up on the basics, I’ll do so forthwith, but I never was able to get such articles.
Having said that: Mike’s got a lot to offer and I would like to see him get more exposure.
Hey, Ill get some relevant links over this evening, no problem.
The main MPE site is rather long winded difficult to navigate. Have to be honest I completely overlooked it when I first saw it and went down the greenback/Bill Still route. I only went back a year or 2 later and sat down to go through it. Mike can certainly be abrasive, and short with people, particularly when dealing with outright quack proposals like ‘Lawful’ Bank, Zeitgeist/no money/money as debt disciples.
There are some really succinct, blogs/youtube channels and vids I’ll send your way soon as im out the office. I much prefer those than sending people straight to the PFMPE site, at least initially.
By the way, I’ve asked Mike to compile an article for Real Currencies. He was too busy. I’ve asked two MPE’ers who visit Real Currencies to help him out and do it for him. This didn’t yield any results.
When mathematicians create their models, they make assumptions. But money changes its nature, so the best you can do is describe the channel it is flowing in, and then apply logic to describe the function. You would then need to discern the relationship between the “units” in order to make mathematical relations. I see MPE primarly describing the nature of bank money and the effects of usury on the unit. There is a lot of good to MPE. But, what of the channels of flow?
Let’s use the bank of Venice as an example for the concept of flow, use the link and go to “the first great bank.” http://www.yamaguchy.com/library/clark/walbert_index.html
The bank was instituted in 1171 by loans (2 million Ducats) from wealthy citizens. In other words, wealthy citizens were forced to give the bank their money, as war was approaching. Before understanding the bank, it is also necessary to understand how the reigning Dodge is selected. It can be seen from the process, they are remarkable “moral” individuals. http://en.wikipedia.org/wiki/Doge_of_Venice
The new Venetian State Bank paid 4% usury on this “loan.” Once the advantages of the bank became clear, they (Dodge) abolished paying usury interest on said loans.
“The divisible stock was merely converted into a legal-tender for debts, public and private, and all bills of exchange, with no specification to the contrary, were made payable at this one great center of circulation, which so facilitated and stimulated every branch of business then existing, that the bank-inscriptions sometimes ranged at thirty per cent, above par in gold and had to be limited finally by law to a premium of twenty per cent.”
Note that the conversion of former debt money to legal tender for all modes of exchange changed the nature of the money. This abstract unit of account called “money” moved back and forth across ledgers with efficiency and “security” such that people wanted to put their Gold in the bank. The government/bank then spent the gold as soon as they could (on wages), forcing it back into circulation. The physical manifestation of money (Gold in this case) stayed in circulation, while the abstract manifestation of money circulated at high speed on the ledger.
Note carefully, the bank of Venice is similar to Greenbacks, in that they are giving a floating currency a force vector to make it move. Do mathematicians model this feature of money systems? To my mind, the unit used in Venice is floating, non-usurious, and has velocity factors making it move. The velocity factors are carry costs of specie (gold was a lead weight in the pants, and people preferred to use the more efficient abstract figures as represented on bank’s ledger). What was on the ledger was better money because it could move fast and efficiently. Because it could move fast, it could incrementally gain some profits. These profits could be considered as necessary rents, or transaction costs, which paid out profits to the depositor. Loans are with existing money, and growth in the money supply – I’m speculating, was probably seigniorage Gold/Silver as dug out of the ground.
Gold would leave the Venetian economy for international trade, but would cycle back almost immediately due to their logistically (canal system) efficient manufacturing sector. Venice exported more than they imported. This put more velocity on the gold, making it behave like velocity floating money, and not like stagnant usury capital. Greenbackers also wanted exports to be twice imports, thus accumulating Gold into the treasury, where it could then be spent as needed, usually on international trade and to defend exchange rate.
A thought experiment would also show that this type (Ducats, Greenbacks, Gold with Velocity) of floating money, that does not disappear, can be used to pay off debt instruments. Indeed this actually happened early 1870’s with Greenbacks as government taxed the people to pay bondholders, such that greenbacks were used to reduce debt. Taxing and then spending greenbacks on bond pay- off path, shows that money has path, velocity and volume. Do mathematicians’ models include these facts? One Venetian Ducat cycling at infinite speed into a debt contract will reduce that debt to nothing in an instant. The Ducat, by its nature, cannot disappear, but can become useless with hoarding.
Mike M. of MPE also says that money must come into being as debt. IMHO debt money should be made extinct. His idea is to have some of the supply self liquidate; “ introduce that currency in a way which allows for its retraction from circulation in accord with the payment of the resultant obligation.” My answer is that creating new money debt free as seigniorage, and then apply demurrage holding taxes, provides for a knob that does the same thing, and is in fact a superior solution given the path/volume/velocity nature required of good money.
Also, debt money fails the comet scenario. During a comet strike, or some disaster, money is hoarded. Momentum is mass x velocity. Money has many of the same features depending on the system. Good money has volume x velocity, but we don’t have a word for it, like momentum. If velocity drops to zero, then counter cycle spending must be available as a knob. Debt, particularly private debts, implies liquefying physical assets into money. This won’t happen in the comet scenario, as taking on new debt (to create money) under duress is not a human trait.
In today’s world, we use the double entry ledger as a function machine to hypothecate i.e. liquefy assets. MPE seems to overcome the problems of double entry, but there are many questions left unanswered. The life cycle of money is birth, moment of transactions, channels of flow, velocity and volume relative to goods and services. Double entry bank credit dies upon reentry to the ledger. Mutual Credit is NOT THE SAME as liquified assets or bank credit. Mutual credit is confined to its channels, and jumps from transaction to transaction, as good money should.
Interesting REN. I think you are very close to truth in this analysis.
Gold in your example is actually currency and not ‘wealth’. The ‘real money’ (austrian style, money being ‘wealth’) is on the ledger. This is actually the complete reverse of what most people see for Gold.
It does have a weakness, as Venice would have been stripped of currency, should it have imported more, but that’s not really the issue here.
It also shows that Gold is basically superfluous, since the Gold Bugs actually want to use paper as currency and Gold as ‘money’.
So we have a method showing Gold is currency and the ledger ‘wealth’ (the venetian bank) and one showing Gold as wealth and paper as currency
I think this way of using Gold would also be quite close to Name’s approach, although he doesn’t seem to get the ledger bit yet.
The ‘self-liquidating’ bit (which is also the crucial aspect of Fekete’s Bills of Credit) are very important. They allow for the flexibility in the money supply that I’m looking for.
Anthony – you promote Kokesh. Are you naive or do you have any agenda?
This man promotes anarchocapitalism or „Austrian” a.k.a Talmudic economics. Even in this video he speaks Jew-speak on Mountain Hours (“perfect market” etc).
Kokesh is a Talmudic Jew.
I know all about Kokesh Robert. Adam is Jewish, but I’ve never heard him talk about the Talmud.
He does indeed promote Austrianism.
Most people falling for Austrianism do so because they think it’s an alternative to the mainstream. They have been fooled, but they fell because they were looking for answers, while not being exposed to interest-free economics.
You can clearly hear from the vid that he is opening up to this new paradigm. Of course he’s infected with Austrian lingo, but Austrians theoretically believe in a free market for currencies. Of course, if their handlers get their way, they’d have only gold banks competing, but Adam is actually looking for real free market money and the Hours are a perfect example of that.
Just check the last two minutes of the vid and tell me that this guy is not excited. He just didn’t know yet and that’s the case with many Libertarians. I don’t have to explain to anybody what I think of Libertarianism, just check ‘faux economics’. The reason I hate it is because it was specifically designed to fool people looking for answers.
I want to reach out them and Wayne managed to do so and the effects are wonderful. Adam is now out there telling people we can do this. That’s great. I don’t care about race, I care about the message.
Anthony, my Grandpa kept saying: “never trust a Jew”. I believe this is good advice.
Kokesh is great fan of “Austrianism” because this is Jewish economics and he is a Jew. This explanation seems to be more appropriate.
In this “free market for currencies” (amazing Jew-speak, you know that free market for currencies never existed and will never exist) Kokesh will lend Mountain Hours and charge USURY!
This is Jewish mentality in trade: http://halakhah.com/babakamma/babakamma_113.html
Focus on the message not on the person? This time wrong direction.
Please look what this mad Jew wants to do: https://www.youtube.com/watch?feature=player_embedded&v=jGq1D8GX5ag
I think that everybody knows the dangers. Kokesh is crazy.
Thanks Robert!
Yes, I had a bit of a weird feeling with this article, but I couldn’t get my finger behind it. It probably has to do with that. I really admire what Wayne’s doing, but perhaps it’s not the best way of promoting his work.
Weird stuff by Adam Kokesh!
I found it really very impressive how he was promoting interest-free economics within the libertarian community.
But this is indeed a very, very risky adventure, that he’s undertaking here. It’s no wonder Alex Jones is all over him: it clearly is highly provocative and pitting patriots against the State for a hopeless ‘resistance’.
The whole second amendment thing is getting out of control and that is undoubtedly in the interests of the opposition. Don’t bring a gun to drone fight.
Anthony – you know better than me that Jews are programmed to live on usury and to take power. This is their culture, their satanic god told them so in Deuteronomy.
I had found a Russian general able to explain the reasons for the existence of Jews. Something similar to stuff presented by Bill Cooper but without his magic mumbo-jumbo. Russians are more intelligent than Anglo-Americans.
Kokesh probably wants to be famous. This time Andrew Anglin may be close to the Truth: http://www.totalfascism.com/subversive-jew-adam-kokesh-plans-new-bolshevik-revolution-as-last-ditch-attempt-to-resurrect-his-dying-internet-celebrity/
Adam’s on his path like all of us. He’s a good guy for promoting usuryFree Mountain Hours. And he’s the ONLY, ONLY person I know of to host a monetary reform debate which included usuryFree Jubilee sacred economics.
My fiver has written on it “I promise to pay the bearer on demand the sum of five pounds” It’s just a piece of paper with a promise and I thought that if we just used promises we could get rid of the pieces of paper.We would get ripped off sometimes but that would be better than being usurated all the time.You can’t keep a standing army without money and if there’s no money……. I’m still keeping up with your info though,we may have this money stuff for some time to come!
Money is credit in circulation. Any other definition and/or discussion is missing the point. Thanks Just a thought. Rduanewilling
I have just started a petition to have Usury made illegal. Will you join me please? Vote Here: https://secure.avaaz.org/en/petition/Outlaw_Usury/edit/