← Autodidact Archive · Original Dissent · Otho_Isch
Thread ID: 16552 | Posts: 1 | Started: 2005-02-03
2005-02-03 01:32 | User Profile
...History attests that when the masses of the people in any 'civilized' nation have become too poor through exploitation by rent, interest and profit, to be able to furnish individual security for loans, and to some extent before this condition has been reached, the money-lender has put into operation a fiscal machine which makes every citizen a payer of usury. This is the bond system. It has all the property and all of the taxing power of the nation behind it to furnish security. It is indirect exploitation, and like a tarriff, operates with such subtleness that its work is scarcely recognized until it is too late to protest.
The Jewish Constitution made specific provision against contracting a national debt either by borrowing from another nation or from Jewish citizens; as the word 'borrow' in the following and its companion passage in the fifteenth chapter of the same book is used without limitation:
For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee. Deut. 28:12-13, 15:6
Such a provision in the Constitution of the United States would have been inconvenient for the bondholders, who during our Civil War forced on our country a debt of three billions, which after being by the people at least six times, through financial ledgerdemain, still requires as much of the product of labor to satisfy it as it did at the close of the war.
Having thus treated of the structure of the economic code of Moses, our next article will deal with its functions, physiological and pathological, giving an account of the angel of prosperity that has waited upon its observance and the Nemesis of adversity that has ever pursued its violation.
[URL=http://evildoers.freewebpage.org/economicofmoses.pdf]Original article, PDF[/URL]