To: (Peter Selby)
Bishop of Warcester
Aug. 23, 1997

Dear Peter:

     I just returned from a two-month work stint and found your book
in the mail. I thank you for so eloquently putting to words my very
feelings about the evil of the current software chosen by the World
Creditors to operate our banking system computers. It reassures me
that others will soon agree with my having pursued my indictment of
the Bank of Canada charging usury as genocide right up to the Supreme
Court of Canada. (See Adventures Pages 96-99)

     I will heartily recommend your book to my readers as inspiring a
very accurate feel for both the Hell called Earth and what may soon be
Heaven called Eden. I am pleased that you twice insisted on the
"abolition of usury" as a prerequisite to any stable banking system.
It's the reason I chose the name Abolitionist Party of Canada
understanding that Abolishing Interest Rates was Abolishing the chains
of Debt Slavery that the Abolitionists of old did not see in their
work with metal chains.
     I am glad that my listing in the 1997 Guinness Book of Records
mentions that there are still anti-slavery Abolitionist politicians
present in the world. Abolishing usury will turn Slaves of Satan bound
by invisible debt chains into Children of God holding visible credit
reins on the life-support system.

     I agree that freedom from debts would be Heaven on earth but I
have always added a distinction to make the whole question of debt
remission more palatable to the rich. The businessman who sold you
your auto last week won't agree with remission of debts. Tell him you
want remittance from the loanshark's interest, not from the principal
payments for the auto, he'll listen.

     The Biblical basis for payments on the principal which I call
social debt, debt for which I have received life-support, is Isaiah
     "You who are hungry and have no money, come, buy, and eat. You
who have no clothes and have no money, come, buy clothes, and be
     How do you buy with no money?
     Credit's okay. Going into debt is okay. Isaiah said lending it to
the needy hoping for something but expecting nothing in return is
better than giving it to the needy for nothing in return. Christ said
something similar though it's been misinterpreted. I agree because
owing an honest debt fosters honest enterprise. Today's governments
loanshark it or give it to you when you're broke. Lending with no
usury is the perfect middle road. Responsibility for the principal
without the whip and chain:
      I'll pay my debt for army and police who handle strife;
I'll pay my debt for doctors, nurses who protect my life;
     I'll pay my debt for all engaged repairing road and sewer;
I'll pay my debt for social servants helping out the poor;
     I'll even pay my debt for bureaucrats with no regret;
But I object to paying debt for interest on debt.
     I am not asking for remittance all my debts. I consider the debt
I incurred for things I received my social debt and do not seek to
evade returning to the older generation the life-support they have
provided to me.
     Remission of my debts is only necessary if I end up with debts to
remit and we won't know my final score until the rest of my life.
Starting fresh, I could end my career with even enough to pay off my
old Book debts and won't need remission. So I see no reason to ask for
remission of my debts until my death.

     Note carefully what Christ responded when asked why his spoke in
parables so they do not understand:
     "I speak in parables because:
     To those who have abundance will more be given and from those who
have no abundance, even what they have will be taken away."
     I call that Reverse Robin Hood, the whip and chain.
     "To those who have abundance will more be given" is the
differential equation for people with positive bank balances and they
get more while "from those who have no abundance, even what they have
will be taken away," is the differential equation for people with
negative bank balances who get even less:
     Where B=Bank balance  and i=interest rate, the rate of change of
bank balance (B) is interest times the old balance.
     dB/dt = iB
     Christ's parable lays out the problem as this Differential
Equation. It is the function chaining the rich to the poor balances.
The issue is therefore not debt which is merely a negative, but the
usury, the positive feedback growth "i," whether on positive or
negative balances.
     To the problem of the function which takes from the poor accounts
to give to the rich, he did not say "Remit Balance B." To the problem
differential equation, he offered an alternative banking differential
equation used by LETS which again handled both the rich and the poor
accounts in (Paul Corr II:8:14), dB/dt=0.
     "Your abundance should at the present time be a supply for their
want so that their abundance may later be a supply for your want and
in that way, he who gathers much doesn't have too much and he who
gathers little doesn't have too little, that there be equality."
     I would note that any internet search of John Turmel will find
posts mentioning that John Turmel was elected "July 1995 Internet Kook
of the Month" for "arguing Christ spoke in differential equations." I
actually consider it a Global honor since others with science degrees
have since verified my conclusion. Unfortunately, all of my articles
on Christ's Differential equations and those of my correspondents were
wiped out one day world-wide by the news administrator who was tired
of the complaints.
     But it upset very many people to find out that Christ wants them
to lend it expecting no usury in return. Everyone's been trained to
hope to have their money doing their work for them some day.
Technologically, soon they'll have their robots doing their work for
them. This would be real heaven compared to believing that money was
really earning those extra dollars you received from banks when that
money was merely enslaving the earnings of the poor.

     I will claim remittance for debt caused by the service of debt,
the usury, an anti-social debt to be "stiffed," a slang term for
"righteous repudiation," because debt service provided me no life-
support other than the banker's permission to live. In all my anti-
bank cases, pursuant to the strategy laid down in the parable of
talents and minas, foreclosure Defendants all offered the Master his
principal but repudiated the usury. They all accepted responsibility
for the social-credit portion of the debt and repudiated the anti-
social credit portion of the debt. For the record, Major Douglas's
Social Credit money reforms would have worked though the better LETS
software is most powerfully installed. (See adventures)
     So I do claim righteous repudiation as well as restitution or
remittance. But later. And if we really care enough to dig into all
the sinful financing from the old books of the Usury War. I'd expect
at that time, any negative could be absorbed by the whole database
like we'd be handling insurance claims. If I die positive, I could
leave a gift distributed to the whole database along with everyone's
Dividend, their share of the robot pay-checks.

     So, there is no need to tackle remission of debts BEFORE
optimizing the earning of credits under the new interest-free rules
provided by the better LETS banking software. We take nothing from the
rich but the chains from the backs of their debt slaves. The rich can
participate in financial activity, live on what they have or borrow
from the central store of our abundance with the same generosity we
afford society's weakest members.
     Since there's no reason to actually deal with anyone's remission
or gifts until they die, and since the complexities of actually doing
for everyone all at once are overwhelming, I myself am rather pleased
that these contractual problems can be short-circuited by the simple
expedient of people joining or starting a fresh local currency LETS
with traders in their locality. Just read the comments about how
interest-free local currencies have bettered the lives of people
everywhere and I'm sure you'll recognize that despite keeping
our covenants to our honest social debts, our "Heaven without anti-
social debts" will be as keenly enjoyed as your "Heaven with remission
of all debts." Maybe more. Businessmen hear you as utopian because you
have hit the perfect design. We really won't need to keep score of our
abundance. But trust me, all humans want score-cards anyway. It goes
against the grain not to use one in any quest for excellence,
seemingly, even if they're stuck with a bunch of crooked accountants
who steal all their earnings.
     We only have to have the accountants turn off the interest in the
books, park those numbers if you're negative, spend them if you're
positive while everyone gets on with maximizing life-support with no
debts to hinder us.

     Ontario Provincial by-election in Ottawa West. Election #43 and
will be posting all kinds of information on the growth of LETS.
     My quest is candidate consensus or to better the results of my
last election where 5 of the 8 candidates endorsed the petition for an
interest-free National and Global LETS.

     I did a LETS presentation at the TOES 97 Conference and I think
it would be very useful if you were to take your message of monetary
reform to these local currency enthusiasts since the conference will
be in London next year. I would love to share a stage with you.

     I'd love to post a book report and if you'd like me to make
extensive public comment, email it to me as I won't have the time
otherwise to reproduce the very many good passages I would like to
refer to. I thank you for an uplifting view of the future I see right
around the corner with just the switch to the new software without
even having to correct the old. I hope you now sense how coping with
the mountain of debt has just become a lot more manageable.
     It's the reason I always appeal to the Rothschilds and the
Rockefellers to install LETS in their banks for us side by side with
our Canadian and American and British accounts and we won't let
anybody shoot them for the Usury War they inflicted upon us. Amnesty,
Anonymity, Security for all including international bankers. "Forgive,
forget, sociable loans if necessary." Store the old books, keep going
with new books and do your best to ignore your score. That's all the
Heaven I want on Eden.
     I think it particularly useful to stress that nothing will be
taken away and not all debts need to be remitted right away to act as
a crucial sedative for anyone with a asset-rich mind-set. Let us keep
fair and rigorous scoring right after we put the old books aside for
awhile. Everyone benefits with this kind of rake-off turned off except
for power-mad anomalies who have no riposte to "We've forgiven, we've
forgotten, what else do you have to say?"
     Your vision of Heaven really is that just getting people in high
places to spread the message of Global Aspirin (ASA) Amnesty,
Security, Anonymity. Forgiveness of Debts with Forgiveness of Sins.
All it takes is a few large banking families to have their systems
offer LETS service charge accounts side by side with the evil
interest-bearing accounts and it's over.

     It says on the back of your book that you are the Bishop of
Warcester? Please. Join your nearest LETS. Join the banking system
with the Christian Differential Equation. Join as many as you can.
Invite members to join and open green accounts with which to
contribute Green funds to your church for social programs. I suggested
Her Majesty use Green funds from a database of tens of thousands of
Green currency users by simply joining. If government won't pool
alternate currency contributions for the social good, by joining,
there's no reason the church cannot. In Ithaca New York, the Hours
LETS funds selected charities. Set them up too.
     Have each church start a LETS with banking done after services or
at trade fairs. Church Green Dollars. Why not? Best of all, the church
system computers are interconnected. I don't know too many churches
who don't use computers. Let them use their computers to offer
Christ's own brand of computer credit for free, as a perk for being a
member. As simple to run as a casino accounting token system.
     I've prayed for the day when the churches would leave the arena
of comforting the victims to pulling them up. In the early 1980s, I
tried my politics under the banner of Social Credit, then Christian
Credit, then Social Credit again, then Green, then Abolitionist. But
there's no reason Christian Credit could not be delivered to members
by church computer operators. Islamic, Jewish, all the good anti-usury
religions, anyway. LETS will be a boon to church funding as life will
emanate from its source.

     Yet, the truly most important you could do toward the engineering
of the LETS Salvation lifeboat from the sinking Usury Slaveship is to
beg the question to the nation's elite starting with Parliament.
     I know one-quarter of Local Authorities have funded LETS in some
way in all of Britain. That's a lot of Local politicians from all
parties who have supported LETS. Maybe over 1,000. I know that the
Labour member for Falmouth is a member of his Falmouth LETS. How many
other elected Labour MPs also approve? The Labour candidate in
Uxbridge is a government-paid LETS organizer. I know the Liberal
Democrat from St. Ives is a LETS supporter. How many more? I've even
heard of a Tory Mayor who supports LETS. I know the the Islamic Party
of Britain officially endorsed The Abolitionist Party's Petition for
National LETS. So has the Green Party of UK. All it takes to make news
is a list of supporters which is growing. I would suggest you start
such a list.
     If you would be willing to keep an official tally of which MPs
favor National and International LETS, I could ask all my LETS
contacts in the UK to ask their member of Parliament and then send you
their replies. Perhaps with their commentary. I think another book
detailing the smoothest transition from Hell you see into Heaven you
have seen might in order. But the question of remission can wait till
we die. Installing the LETS software based on Christ's only system
Differential Equation for anti-slavery salvation is the priority step
in The Banking Systems Engineer's Abolish Interest Rates Project.
     I hope you tune in to my newsgroup for info
on LETS and its development around the world.
     I'm appending my Petition to the Queen.

     All future action is available in a newsgroup a friendly created
so that I could post to my heart's content. Please as your internet
provider to tune in to "" where I cross-post
everything. Just use a TURMEL in the title which helps us overlook the
junk. Old archives at lets-econ,,

     I'm sending a package with my book of adventures and two UK trip
reports to:
Dr. Peter Selby,
Department of Theology,
University of Durham,
Abbey House, Palace Green,
Durham, DH1 3RS, UK.

     I also mention that Robin Johanssen, a Journalism student, did a
video-tape of my speeches and activities in London. I'm sure he'd show
it to you. Telephone: 0181 399 0919

     Any problems, write me.
     An Ally to Abolish Usury, I am,
Yours truly,
John C. Turmel.


From: (John Turmel)
Subject: TURMEL: Monetary Reform Quarterly Newsmagazine critique
Date: Tue May  6 05:41:08 1997

Ian Woods, Editor,
Monetary Reform Quarterly Newsmagazine
RR2 Shanty Bay, ON, L0L 2L0
Tel/fax: 705-726-7300/6500
1997 05 04

Dear Sir:

     I'm cross-posting interesting information from your magazine with
my commentary to the following Usenet newsgroups: can.politics,,,, sci.econ, sci.engr, and the econ-lets listserv where you can
subscribe by sending:
subcribe econ-lets <your name>

Monetary Reform Quarterly Newsmagazine Issue 3
"Why should a nation give that right away to a private monopoly of
banks and then borrow that same money back with interest which the
nation could have created itself in the first place?
     JCT: I think that describes our predicament perfectly. I have
over a dozen of Noam Chomsky's books which, though great at detailing
the workings of the world's enslavement by government devices, have
never exhibited any understanding of the money problem. He actually
believes that there was a cold war between Russia and the US without
having noticed that it was the bankers who held both their debts who
were calling the shots.
     I found the letter from Prof John Hermann, Economic Reform
Australia, which detailed the impossibility of billionaires conspiring
to use the money system for their own benefit less than enlightening.
Even Chomsky details how Big Money gets governments to do its dirty
work. I guess he thinks the world's predicament is all accidental. The
fact others don't may be his problem, not theirs.
     I was pleased to read the letter from Doug McDonald, the Physics
Major, who said:

DM: "I'm not sure who is responsible for the original design of the
British systgem of money and banking but I'[ll bet there weren't many
mathematicians, scientists and engineers. We wouldn't want accountants
and economists to design a rocket to the moon and I don't think we can
rely on therm to construct a workable monetary system that is fair."
     JCT: The interest-free LETS currency software was designed by
engineers which might explain why there is no positive feedback on the
debt. For Mr. McDonald, the Laplace Transform of the current banking
system is 1/(s-i) and the Laplace Transform of LETS is 1/s.
     I'm pleased to note a quote from Prof. John Hotson who was a
guest on my "Money Talks" radio show on CKAN Newmarket in 1992:
"Could anything be more insane than for the human race to die out
because we couldn't afford to save ourselves?"
     Speaking Out by Bob Verdun has some good but some errors:

BV: #1: "the banks were released from the requirement to put a portion
of every deposit as interest-free reserves with the Bank of Canada.
The banks can now loan the same deposited dollars over and over
     JCT: As my Banking Engineering Analysis verifies, Graham Towers,
Governor of the Bank of Canada, said: "The banks, of course, do not
lend out their depositors' funds. Each and every time a bank makes a
loan, new bank credit is created, brand new money." It may look like
the same paper and metal money get deposited and loaned out over and
over again, the real creation process takes place in the computer.

BV#2: "the real reason for the high risk of inflation is lack of
reserve controls. Banks might make so many loans that the demand in
the economy would rise faster than the supply of goods and services."
     JCT: Real inflation is not more money chasing our collateral,
Shift A, it is the same money chasing less collateral after
foreclosure, shift B.

BV#3: "A large percentage of our money should be created by
     JCT: It doesn't matter who creates the money, whether government
Treasury or Banking cartel, as long as they cover their expenses with
service charges and no usury.

BV: #4: "to ensure that the money supply does not exceed the capacity
of the Canadian economy."
     JCT: This is impossible when the money supply is based one-to-one
on the capacity of the Canadian economy.

BV: #5: "if we had a sensible financial system, banks would always be
looking to expand their base of stock-holders. Stockholders money
provides the seed money."
     JCT: Again, this presupposes that this is the way they must come
up with the money they lend out. Considering they create it from
nothing, how having seed money is going to help them create it from
nothing does not follow.
     More  good stuff:

BV: "Instead of borrowing from the Bank of Canada, the government of
Canada now borrows from commercial banks and foreigners. It is scary
to think all this suffering is caused by a few greedy banks."
     JCT: Even in the Bank of Canada interview, the fallacy that banks
lend out their depositors' funds is repeated and left unchallenged:

BOC: "The TD bank would lend it out as soon as they can."
     JCT: Later in the interview, MRM says:

MRM: "Then they're not loaning out to Mr. Smith any other depositor's
money, they're just loaning out $100 which they've created based on
the $100 reserves."
BOC: That's right.
     JCT: This demonstrates clearly the greatest piece of brainwashing
in economic theory, a Big Lie, a clear case of doublethink.
     Double think is the ability to accept two opposite points of view
as both being true at the same time.
     In one breath, they tell us that a loan is depositor's funds. The
next, they admit it is new funds. It can't be both at the same time
but those economists who have been brainwashed the most are most adept
at accepting both these contradictory points of view as true at the
same time.
     To add to the Bank of Canada's confusion:

BOC: When the money creation process takes place, the banks may not
lend out the entire $100. They may lend out, say $95, and create $95
in deposits."
     JCT: Actually, the banks may not lend out the entire $100 or any
part of that $100. They do not lend out $95 and then create $95. They
create $95 and then lend out the newly created $95 without ever
touching the deposit you made to your account. But it ws sure
explained as backwards as possible.
     I'm pleased to find out that MP Mark Assad, Liberal, Gatineau
La Lievre, asked why the Bank of Canada could not fund production like
it funded was in the 1940s. The governor wasn't even aware that we had
funded our war effort simply parroted the old lie that that
governments printing money and borrowing it interest-free is more
inflationary than banks printing the same and loansharking it out to
the government.
     Of course, as long people are fooled into believing inflation is
Shift A when it's really shift B, Mr. Thiessen can get away with these
kinds of engineering lies. And of course, he repeated the depositors'
funds lie again:

THIESSEN: "Chartered banks pay market rates to attract depositors if
they're going to lend."
     JCT:The question always begs why do they need to attract
depositors' funds when it's not the depositors' funds they are going
to lend out?

THIESSEN: There is no magic money multiplier whereby the banks can
somehow create credit and money out of nothing."
     JCT: Of course, banks do create money out of nothing and this is
just another example at how easy it is to trip up economists when even
the Governor of the Bank of Canada can be caught misleading Parliament
umpteen times in the space of a 4-page interview.
     Of course, when it is accepted that usury is the genocide of the
poor by the withdrawal of life-support tickets, then he'll be able to
plead brainwashing and incompetence. Would such incompetents were not
in charge of running the world.
     I appreciate the letter from Dave Gracey to Thiessen:

DG: "I was frankly astonished at your response.
1. You state categorically that banks cannot create money and that
economics textbooks that say otherwise are wrong. As an economic
teacher, I am considerably chastened.
2. If there is no way whereby banks create deposits from cash
reserves, why worry about the Bank of Canada "printing" money? Money
"printed" by the Bank of Canada is a lot cheaper than money created by
chartered banks. Why wouldn't the Bank of Canada loan to the Canadian
Government the amount equivalent to that currently borrowed from
chartered banks.
3. You stated that you don't have a recollection that the bank lent
large quantities of money to the government during the war years. I
hope you will keep your undertaking to "go back and look at history"
because it is a well-documented fact.
     JCT: It's sad when the head of a system should exhibit such
ignorance about the workings of the system he's in charge of. Must
make a perfect central banker though.
     Thank you for the web sites but you only have to start a LETS
search anywhere to link to hundreds if not soon thousands of people
who are discovering that they can run money themselves and realizing
how badly they've been conned all along.

Borrowers Action Society:
Canadian Centre for Policy Alternatives:
Canadian National Debt Clock
Democracy Watch
Fax the Feds

American Monetary Institute
Coalition to Reform Money
Humane World Community, Inc.
Truth in Money

Economic Reform Australia

United Kingdom
*History of Money
*Ossian Publishers

University at Linz

     JCT: A bunch of these are already on most large web sites with
many links to all the LETS and monetary reform web sites. has over 300 links with several to
some above.
     Many monetary reformers do not yet realize that LETS is the
software program they will need when comes the showdown with their
money computers. Where does money come from these days. Only out of a
computer. It's not gold anymore. It is computer credits and paper and
metal are nothing but chips for the Emoney in banks computers.
     Now people have their own computers and they're creating their
own money in exactly the same way the banks computers used to create
it for them in the past. Ahem. Not " create it for them" but "create
it to loanshark to them."
     I like the fact your magazine details the Guernsey Island 1/s
local currency system.
     What I do find untenable is the conclusion that the best bet of
the monetary reform parties is the New Democract Party. The NDP have
never rarely shown any grasp of monetary reform in their 60-year
history and the NDP candidate in Ottawa Centre had no idea the NDP
allegedly support Bank of Canada reform.
     They've always concentrated on splashing money from the rich side
of the pool to the poor side of the pool while Social Crediters and
true monetary reformers have always spoken about fixing the problem in
the pump house. Of course, the NDP may have learned in the last few
years but since they keep talking about stealing it back from the rich
to give to the poor, this indicates they have no idea how getting to
the pump averts the need to confiscate the liquidity of the rich.
     Asking for a readjustment of the proportions of the money supply
created by the Bank of Canada and the Chartered banks is a cop-out. It
says nothing about the interest rate.
     If they understand that there is no reason for the Bank of Canada
to charge the Government of Canada any interest, and if having the
Bank of Canada start creating 20% of the money and letting the banks
create and loanshark out the rest saves us 20% of the interest, and if
having the Bank of Canada use the LETS software to create 50% of the
money while letting the banks loan-shark out the other half saves us
50% of the interest, and if having the Bank of Canada start creating
75% of the money letting the banks loanshark out the other 25% saves
us 75% of the interest, that's still not good enough. I want to save
the whole 100% of the interest and I want loansharking prohibited. If
the private banks are not willing to give up their interest and settle
for a service charge like LETS bankers do, either the Government or
private LETS is going to do that for us. I am involved in engineering
a solution of vast proportions to Global loansharking and cannot
accept any half-vast solutions.
     I'm glad the Canada Action Party leader Paul Hellyer understands
the problem:

PH: "If no one creates any money with which to pay the interest, what
must be done? The Bank of Canada at one time created more than half
the new money to escape the Depression."
     JCT: Certainly a step in the right direction.
     I always enjoy this quote by Thomas Edison. I'm sure that being
at the top of the engineering profession in his day, he must have felt
the same bewilderment at the global insanity of humankind all trying
to pay off 11 when they only borrowed 10 into the game and then accept
foreclosure and death as a consequence of loss in this fixed game:

THE FINAL WORD by Thomas Edison
"Once the currency method is tried in raising money for public
improvements, the country will never go back to the bond method.
Henry Ford and I think it is stupid that for the loan of $30 million
of their own money, the people should be compelled to pay $66 million,
that is what it amounts to, with interest. People who will not turn a
shovel full of dirt nor contribute to a pound of material will collect
more money from the United States than will the people who supply the
material and do the work. That is the terrible thing about interest.
In all our great bond issues, the interest is always greater than the
principal. All our great public works cost more than twice the actual
cost. But here is the point. If our nation can issue a dollar bond, it
can issue a dollar bill. The element that makes the bond good makes
the bill good. The difference between the bond and the bill is that
the bond lets money brokers collect twice the amount of the bond and
an additional 20% whereas the currency, the honest sort provided by
the Constitution, pays nobody but those who contribute directly to the
project in some useful way.
It is absurd to say our country can issue $30 million in bonds and
cannot issue $30 million in currency. Both are promises to pay but one
fattens the usurers and the other helps the people. If currency issued
by the government was no good, then the bonds would be no good

     JCT: I think I've always said the same thing but a little
Why represent our collateral with their chips for a fee? Interest.
When we can represent our collateral with our own chips for almost
free? Small printing charge.
     We have started a petition for National / Global LETS and so far,
one Liberal candidate has already signed! During the last Canadian
Federal by-election, 5 of 13 candidates signed. This election should
up that number considerably.
     So overall, I welcome another monetary reform magazine. It is a
nice production. There will be much of interest in the final stages of
the battle between the USURY Debt Enslavement software and the LETS
Liberation software and you seem poised to cover it.
     I would suggest that you visit and pick up my
recent post on LETS banking systems engineering. You will then be able
to warn other writers that if they post things that do not agree with
the engineering blueprints of the USURY 1/(s-i) or the LETS 1/s
banking systems, they will end up as examples in John "The Banking
Systems Engineer" Turmel's "errors" critiques.

Send a comment to John Turmel