Debt Currency is unsustainable
by Steven D. Miller
Many people believe that earning interest is a good thing. Many people believe that charging interest is a wise business practice. They have been brainwashed.
Federal Reserve Notes are instruments of debt. They are borrowed into circulation*. The U.S. Constitution only allows gold and silver coin minted by the U.S. Mint. (see my essay The Constitution requires a balanced budget.) State governments cannot emit bills of credit.
Even one percent interest is unsustainable. It will destroy us. Usury is still illegal. Thou shalt not lend upon usury. You agreed to be the collateral for the national debt, which is now unpayable.**
USURY BANKING
Usury is an abomination according to Ezekiel 18:13.
You have no right to accept or charge interest. Interest is a government granted privilege. Government privileges can be regulated and taxed.
Interest is a government granted privilege that is granted by the U.S. Supreme Court in 1913 contrary to Biblical principles. The borrower is a slave to the lender (Proverbs 22:7). One percent interest is usury (Nehemiah 5:10-11). A Bible believer will never accept usury (Psalms 15:5, Ezekiel 18:13) or charge usury (Deuteronomy 23:19-20, Exodus 22:25). Punished by death Ezekiel 18:13. In your own country, up until 1694, accepting or paying interest was a punishable crime. Government incorporated banks can give usury. In order to do this they need an SSN so that they can tax this government granted privilege. You might still be able to get a non-interest checking account without a number. By the way, Private banks can pay interest too, but they must pay a 10% tax for this government granted privilege (see US Supreme Court Veazie Bank v. Fenno, 75 US 533). There are no private banks left, other than the Federal Reserve. A national banking system is the fifth plank of the Communist Manifesto .
Biblical Note: The very same unchanging Jesus Christ who said that not one jot nor tittle shall fall from the law also told the parable of the ten talents in which a master used sarcasm to rebuke an unprofitable servant. Luke 19:23. Sarcasm does not authorize usury. He was saying (my paraphrase): “So you think I’m a hardened criminal who reaps what he doesn’t sow, why then didn’t you go all the way and commit the crime of usury by depositing my money in a bank.”
Paying or collecting interest is still the crime of usury. But it is no longer punishable for those who want government to protect them from God’s laws. The U.S. Supreme Court ruled in a 1913 case, German Alliance Insurance Co. v. Kansas, 233 U.S. 389 at page 432 that
“Moreover, interest laws were in their inception not a restriction upon the right of contract but an enlargement, permitting what theretofore had been regarded both as an ecclesiastical and civil offense. … they therefore fall within the rule that contemporary practice, if subsequently continued and universally acquiesced in, amounts to an interpretation of the Constitution.”
How do you like that? By turning our backs to an unchanging God we’ve let criminals, (theretofore regarded as a crime), now unpunishable, interpret our Constitution for us. This Supreme Court case paved the way, later in 1913, for Congress to pass the Federal Reserve Act, which sealed our doom.
DEBT CURRENCY IS NOT CAPITALISM
In 1947 when it became obvious that the currency must collapse, your government created the CIA to delay the inevitable collapse. The chaos around you is the death spasms of a system of greed.
You can find more information in my essay “Banks are the Enemy of Capitalism” http://NotFooledByGovernment.com/essays/banks-enemy-capitalism/
LICENSE
A license is permission to do something illegal. Licentiousness is for sale by your corrupt government.
Business has always been questionable. A peril to the soul.
The term “business” is used in many legal definitions, for example in the legal definition of “employee”, where it is the usury of labor. Usury has always been a sin. Usury is an abomination, It is a curse upon the land, Isaiah 24:2-3. In the U.S. up until 1694, accepting or paying interest was a punishable crime.
More information is on my essay about the changing definition of the word license http://NotFooledByGovernment.com/driving/500-2/
People are destroyed for lack of knowledge. Avoid, if possible, your indentured servitude to pay off the national debt. Do not be deceived into waiving your rights by legalities that you don’t understand.
http://NotFooledByGovernment.com/knowledge-leads-to-wisdom/
What you bound on earth will be bound in heaven. Matthew 18:18. Including the unpayable national debt usury and the “work of national importance” that you swore you would provide. (Christ warned you never to swear Matthew 5:34, least ye be damned James 5:12) The smoke of your torment shall rise forever in the presence of the Lamb, and you shall have no rest day nor night. Debtor’s prisons are here. Watch the PBS video www.video.pbs.org/video/2365390673
You may also be interested in:
My essay From Whom Do the Kings of the Earth Exact Tribute http://NotFooledByGovernment.com/essays/kings-earth-take-tribute/
And my essay Social Security Numbers are Not Required and don’t miss my 30 minute video on socialism at the end.
Footnotes:
*(Whereas postage stamps are spent into circulation.) The Federal Reserve Bank is a private corporation that has never been audited. They purchase U.S Treasury bonds and agree to repay with interest. They then borrow the printing presses at the U.S. Treasury to print their notes. Notes are IOUs. Their notes are then distributed to their member banks for circulation to those who dare to use them. Their technical term is “monetize the debt”. (and I have not mentioned the magic of fractional reserve to create money from nothing). If the debt is ever re-paid the note is retired from circulation. When an IOU is repaid the IOU note is redeemed (canceled). There should be no notes in circulation. (see my essay The Constitution requires a balanced budget.)
** Visit USdebtClock.org to see the U.S. Debt per taxpayer at the top, and Unfunded Liabilities per taxpayer at the bottom of their page.
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