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.
DEBT REMISSION
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.
SOCIAL VS ANTI-SOCIAL DEBT
The Biblical
basis for payments on the principal which I call
social debt, debt for which I have received
life-support, is Isaiah
55:
"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
warm."
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.
INTEREST, NOT BALANCE, IS PROBLEM
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.
UPCOMING ACTIVITY:
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.
REPORT ON TOES 97 CONFERENCE
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.
BOOK REPORT ON GRACE AND MORTGAGE:
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.
CHURCH LETS?
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.
POLL OF LETS POLITICIANS
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 alt.fan.john-turmel newsgroup for info
on LETS and its development around the
world.
I'm appending
my Petition to the Queen.
ALL POSTINGS:
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 "alt.fan.john-turmel"
where I cross-post
everything. Just use a TURMEL in the title
which helps us overlook the
junk. Old archives at lets-econ, ncf.ca.lets,
alt.fan.john-turmel
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: johnturmel@yahoo.com (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
Email: editor@monetary-reform.on.ca
www.monetary-reform.on.ca
1997 05 04
Dear Sir:
I'm cross-posting
interesting information from your magazine with
my commentary to the following Usenet
newsgroups: can.politics,
alt.fan.john-turmel, ncf.ca.lets, own.eco.lets,
sci.econ, sci.engr,
alt.community.local-money and the econ-lets
listserv where you can
subscribe by sending:
subcribe econ-lets <your name>
to:
mailbase@mailbase.ac.uk
Monetary Reform Quarterly Newsmagazine
Issue 3
Editorial:
"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
again."
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
government."
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.
THE COMING WORLDWIDE MONETARY REVOLUTION
WEB SITES
Canada:
Borrowers Action Society:
http://tgx.com/borrowers_action
Canadian Centre for Policy Alternatives:
http://www.policyalternatives.ca/ccpat.html
Canadian National Debt Clock
http://www.cam.org/~mdavies/cgi-bin/canclock.cgi
Democracy Watch
http://www.web.net/dwatch/camp/banbkdir.html
Fax the Feds
http://www.net-efx.com/faxfeds
USA
American Monetary Institute
http://www.insightcomputer.com/ami/
Coalition to Reform Money
http://www.wavefront.com/~moneytalkscrm
Humane World Community, Inc.
http://landru-i-link-2.net/~monques
Truth in Money
http://www.truthinmoney.com/index.html
Australia
Economic Reform Australia
http://dove.mtx.net.au/~hermann
United Kingdom
*History of Money
http://www.ex.ac.uk/~Rdavies
*Ossian Publishers
http://www.almac.co.uk/diversity/ossian
Austria
University at Linz
http://comlink.apc.org/lav
JCT: A bunch of
these are already on most large web sites with
many links to all the LETS and monetary
reform web sites.
http://barter.xavier.com/community 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
either."
JCT: I think I've
always said the same thing but a little
shorter:
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 alt.fan.john-turmel 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.