Call to Action! Don't Pay the Capitalist Bankers Interest on Debt!

[William Prest]

Supreme Interest Gouging the Poor

 

Capitalist bankers fly in the face of all that is humane and just. They attempt to make themselves rich by drawing wealth out of thin air. This of course is impossible, but this does not stop them. In reality, all wealth is created by the toilers of the world and capitalist banker trickery is a tool that they use to extract that real value while paying out nothing but burden, bondage and misery by way of phony value, or fictitious capital. What we are talking about here is interest and fees attached to every “service” they claim to provide for the toiler, but it is really themselves that they serve at everyone else expense. The device that is used is a sliding scale of interest that is lowest for the richest end of society and highest for the poorest. Interest is also known as usury and is condemned and prohibited in the Bible. So, banks, including those that call themselves Christian banks, are in violation of one of the most basic tenets of the Bible injunctions against the use of this device of trickery and swindling. The Bible pulls no punches when describing usury as a device by describing the practitioners as thieves and robbers

 

There is s deep history of such practise given the fact that we can find references to usury-interest in the books if Moses. This places the practice right back to the time of captivity in Egypt, or at least 1646 BCE at the time of the Exodus. It is thus likely that the practice precedes the Exodus and was picked up from the Egyptians. The practice was carried forward by the Jewish people. The constant references to this practice goes on through the Psalms, the Proverbs, the prophets and finally to Jesus himself who threw the money changers out of the temple in Jerusalem. What we present hereinafter is a selection of the anti-usury references from the Mosaic law all the way up to Jesus in the New Testament in context. They warn and we will explain why usury-interest is an evil act and must be ended. This is by no means the sum of all there is in the Bible. This is a selection of some of the better references.

 

The quotes:

 

Usury-Interest

 

“If thy brother be waxen poor, and hath sold away some of his possession, and if any of his kin come to redeem it, then shall he redeem that which his brother sold. And if the man have none to redeem it, and himself be able to redeem it; Then let him count the years of the sale thereof, and restore the overplus unto the man to whom he sold it; that he may return unto his possession. But if he be not able to restore it to him, then that which is sold shall remain in the hand of him that hath bought it until the year of jubile: and in the jubile it shall go out, and he shall return unto his possession. And if a man sell a dwelling house in a walled city, then he may redeem it within a whole year after it is sold; within a full year may he redeem it. And if it be not redeemed within the space of a full year, then the house that is in the walled city shall be established for ever to him that bought it throughout his generations: it shall not go out in the jubile......And if a man purchase of the Levites, then the house that was sold, and the city of his possession, shall go out in the year of jubile: for the houses of the cities of the Levites are their possession among the children of Israel. But the field of the suburbs of their cities may not be sold; for it is their perpetual possession. And if thy brother be waxen poor, and fallen in decay with thee; then thou shalt relieve him: yea, though he be a stranger, or a sojourner; that he may live with thee. Take thou no usury of him, or increase: but fear thy God; that thy brother may live with thee. Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase. I am the LORD your God, which brought you forth out of the land of Egypt, to give you the land of Canaan, and to be your God. And if thy brother that dwelleth by thee be waxen poor, and be sold unto thee; thou shalt not compel him to serve as a bondservant: But as an hired servant, and as a sojourner, he shall be with thee, and shall serve thee unto the year of jubile.” Leviticus 25:-25-30,33-40

 

“But if a man be just, and do that which is lawful and right, And hath not eaten upon the mountains, neither hath lifted up his eyes to the idols of the house of Israel, neither hath defiled his neighbour's wife, neither hath come near to a menstruous woman, And hath not oppressed any, but hath restored to the debtor his pledge, hath spoiled none by violence, hath given his bread to the hungry, and hath covered the naked with a garment; He that hath not given forth upon usury, neither hath taken any increase, that hath withdrawn his hand from iniquity, hath executed true judgment between man and man, Hath walked in my statutes, and hath kept my judgments, to deal truly; he is just, he shall surely live, saith the Lord GOD.” Ezekiel 18:5-9

 

“Now, lo, if he beget a son, that seeth all his father's sins which he hath done, and considereth, and doeth not such like, That hath not eaten upon the mountains, neither hath lifted up his eyes to the idols of the house of Israel, hath not defiled his neighbour's wife, Neither hath oppressed any, hath not withholden the pledge, neither hath spoiled by violence, but hath given his bread to the hungry, and hath covered the naked with a garment, That hath taken off his hand from the poor, that hath not received usury nor increase, hath executed my judgments, hath walked in my statutes; he shall not die for the iniquity of his father, he shall surely live.” Ezekiel 18:14-17

 

“If thou lend money to any of my people that is poor by thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury. If thou at all take thy neighbour's raiment to pledge, thou shalt deliver it unto him by that the sun goeth down: For that is his covering only, it is his raiment for his skin: wherein shall he sleep? and it shall come to pass, when he crieth unto me, that I will hear; for I am gracious.” Exodus 22:25-27

 

“And I was very angry when I heard their cry and these words. Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them. And I said unto them, We after our ability have redeemed our brethren the Jews, which were sold unto the heathen; and will ye even sell your brethren? or shall they be sold unto us? Then held they their peace, and found nothing to answer. Also I said, It is not good that ye do: ought ye not to walk in the fear of our God because of the reproach of the heathen our enemies? I likewise, and my brethren, and my servants, might exact of them money and corn: I pray you, let us leave off this usury. Restore, I pray you, to them, even this day, their lands, their vineyards, their oliveyards, and their houses, also the hundredth part of the money, and of the corn, the wine, and the oil, that ye exact of them. Then said they, We will restore them, and will require nothing of them; so will we do as thou sayest. Then I called the priests, and took an oath of them, that they should do according to this promise. Nehemiah 5:6-12

 

“He that putteth not out his money to usury, nor taketh reward against the innocent. He that doeth these things shall never be moved.” Psalm 15:5

 

“He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor.” Proverbs 28:8

 

“Woe is me, my mother, that thou hast borne me a man of strife and a man of contention to the whole earth! I have neither lent on usury, nor men have lent to me on usury; yet every one of them doth curse me.” Jeremiah 15:10

 

“In thee have they taken gifts to shed blood; thou hast taken usury and increase, and thou hast greedily gained of thy neighbours by extortion, and hast forgotten me, saith the Lord GOD.” Ezekiel 22:12

 

When Jesus threw the money changers and merchants out of the temple he referred to them as a den of thieves (KJV). In other translations, it is interpreted as robbers (NIV). There is a critical difference in law in reference to thieves and robbers, at least in Canada. Thieves often take what they want in a furtive, hidden manner when there is little likelihood of being seen or interfered with. One might say that a thief is a coward, preferring to be hidden rather than open and at risk of being caught and interfered with. Robbers on the other hand, often confront their victims openly and take what they want by intimidation and threat of violence. Into which category do banks fall? It would seem that they would fall into the category of thieves when it comes to milking their clients for interest, but when the client can't make payments on usury-interest laden loans, then they intimidate and threaten violence and thus fall into the category of robbers by legal definition. The NIV version is thus more correct and when Jesus has to employ the use of a whip and throwing over the tables to drive them out, it suggests that violence is the language they best understand. The threat of violence is mediated through the legal system the comprises lawyers and an armed police force that are hired by the banks to protect their ill gotten gains. The latter came out in the sub=prime mortgage crisis when people were forced out of defaulted homes in the millions with a police escort. It happened in the great depression too in the 1930's. The situation got so bad with banks trading blocks of mortgages that the Obama had to put a stop to repossession when two or three banks tried to make claims on a single mortgage default on a home. The defaulters wound up homeless in the millions, at least half of which were children. Don't believe that interest can be a real killer? Consider these figures derived from a simple interest calculator available for free download from the internet. On a loan of $10,000 at 9% payed back over 4 years, you will pay back $36,000 in total. But for those lower on the scale, a $10,000 loan rated at 24% interest over a 4 year period, you will pay out $96.000! That means after a simple calculation, that a full $86,000 payback in interest alone for the initial $10,000. If the same loan at the same interest were paid back in 6 years instead, then what you pay back is $1,440,000. That is almost a 900% return on the initial bank investment over 4 years and about a 1,440% return over 6 years on the initial investment. That is a substantial quantity of fictitious capital manufactured out of “thin air” and is what is behind devaluation/inflation that furtively steals from everyone. Considering this, is it any wonder that Jesus drove the moneychangers from the temple? Usury-interest is nothing less than a poverty making machine that enriches the private capitalist banker.

 

Jesus and the Money Changers

 

“And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves, And said unto them, It is written, My house shall be called the house of prayer; but ye have made it a den of thieves. And the blind and the lame came to him in the temple; and he healed them”.Matthew 21: 12-14, Jer. 7:11, Isiah 56:7

“And found in the temple those that sold oxen and sheep and doves, and the changers of money sitting: And when he had made a scourge of small cords, he drove them all out of the temple, and the sheep, and the oxen; and poured out the changers' money, and overthrew the tables; And said unto them that sold doves, Take these things hence; make not my Father's house an house of merchandise”. John 2:14-16

 

The US and Canada are now caught collectively in a spiralling and mushrooming debt bomb that is set to implode and take all of us down with it. This is separate from the mortgage crisis and is a bubble of mammoth proportions on its own. So pervasive is this, that almost every State in the US is in default and legislation is being drafted and considered to allow them to get out from paying civil servants and pensions by declaring bankruptcy. All of them have lived on interest loans and the interest has accumulated to the point of default.

 

The answer to this by the leading capitalist private bank, the Federal Reserve of the US is to print up ever more paper money, thus to devalue the script and furtively to pick every single persons pocket. This is creating bigger debts to cancel smaller one over and over, due to, guess what; interest charges!. This cycle of ever increasing interest is unsustainable. Clearly this cannot go on forever and if the people do not wake up to this, we will be repeating the mistake of the Wehrmacht Republic in the 20s and 30s, but only on a far more vast scale. We will be repeating history that we have failed to learn due to censorship that is also imposed on us collectively by these demonic monsters. We will need a vault full of useless paper to pay for a slice of bread. People will stave to death in the midst of a fests. In Feb. 2011, some 257 states and major cities were on the verge of bankruptcy. Only four states in the entire US are not in a position of default. That of course means that civil servant wages and pensions will not be paid, and this too will spread like a cancer over the entire economy.

 

How extensive is this web of interest intrigue? Almost everyone is tied up with loans, student loans, car loans, mortgages, business loans and credit card loans. On all of these loans, the banks charge service fees and interest on a sliding scale with the lowest interest to the bankers themselves and the rich to out right gouging to their poorest clients. Interest rates vary between 0 percent to a whopping 599 percent in the “legal” context and far more in the illegal loan trade. All interest is a device to make money on money without the backing of any real capital assets that the bank would identify as collateral. Collateral is something of real value like fixed capital such as production machinery, buildings, cars, gold, land titles and such. Collateral allows a client to get a “secured loan”. If a person only has their ability to work as collateral, then this is an “unsecured loan” as the only collateral is the future potential of work to create real collateral in the way of a use value like a car, a home, industrial machinery and the like.

 

The law applies by defining when a person actually owns something and that is when all the payments including interest and punitive charges are paid in full. Until that time, the bank holds the entitlement or deed. It a person defaults on the loan, they lose access to what they were paying for and the sum of all previous payments. In addition they lose their credit worthy status and are subsequently locked out of the economy tied to the banks.

 

“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:16,17

 

That mark is the agreement with the capitalist money changer system of economics where fictitious value increases while real value is more or less fixed with the capitalist banks holding the real value while the increasing share of fictitious capital is delivered to the capitalist banks clients, especially the working and unemployed poor communities. By now, in the current era, the overwhelming share of real wealth has concentrated into very few hands in a ration of about 7 to 1 with the rich few holding the 7 parts and the rest of humanity holding only 1. Stated another way; it takes the entire world's work effort for one year to equal only 1/7^th of what is held in ownership by a handful of people. This handful also in in control of private capitalist banks that make loans to entire countries as well as individual people.

 

As the capitalist bank is fuelled by interest that all of us one way or another pay on a myriad of loans, it makes sense that this is their Achilles heel. Without the interest, they cannot expand their imperialist designs of ever concentrating wealth, they stagnate and wither. Interest is their device to increase their share while yours diminishes. The interest charged on the collected loans drives the inflation-devaluation cycle making almost everyone collectively poorer. Another device is to loan on loans at ever higher amounts, longer periods and higher interest to the point of non-sustainability. This assumes that the there is no upper limit in the economy, but in the real world of a closed ecosystem, there is an upper limit! In the arena of monopoly companies this plays out when there is no more room for growth after all the competition is overtaken and eliminated, Capitalism must continually grow in order to generate that holy grail of capitalism; profits. This includes the capitalist banking system. In a closed system, this is impossible and an upper limit caps growth and profits are not only lost, but costs overtake income and the cycle of shrinking begins.

 

Lawyers

 

“Then answered one of the lawyers, and said unto him, Master, thus saying thou reproachest us also. And he said, Woe unto you also, ye lawyers! for ye lade men with burdens grievous to be borne, and ye yourselves touch not the burdens with one of your fingers. Woe unto you! for ye build the sepulchres of the prophets, and your fathers killed them.” Luke 11: 45-47

 

The capitalist and private banks hire a battery of lawyers to make their fiats law and then the police are there to enforce the law. Bankers want that interest as it is their means of livelihood. But the interest on these loans is nothing but fictitious capital and it devalues every dollar you have. This creation of “value out of nothing” and the absence of the creation of anything of real value makes them and all their hired minions nothing less than parasites. You work, and often hard and they party at your expense. What's worse is that they take these ill gotten gains and reinvest them. Historically they have invested in wars on both sides; the winning and losing sides. To the winner goes the spoils that go to the banks and to the loser goes redevelopment with profits to the bank. This is all orchestrated within the law that expert lawyers are retained for.

 

Property

 

Property means different things to different people and cultures, though there is a common thread in all concepts of property. Property implies some form of ownership and ownership must be defended by law and if necessary; force. In the beginning and even extending to the present through the idea of combined and unequal development, there exists the sense that people do not own anything in nature, but it is nature that owns people. Among the ancients and some contemporary cultures, there is no sense of property, or "this is mine" line of thinking. The idea of property evolved and all the laws to support the idea and all the armies to defend it came from the development and existence of surplus value. Prior to surplus value, there was only necessary value. From time to time, there was a windfall that would result in a surplus, which was used sometimes for barter and sometimes stored against lean times.

 

With the development of agriculture came sedentary civilization and surplus value into the human community for a sustained historical period. In a world of catastrophe, combined and unequal opportunity and development, some groups of people would wind up with a surplus while others were in want. Such is the capriciousness of nature. Those that were without, would often raid the tribes who had something, whether it was a surplus or not. They simply fought and seized what they desired and then defended themselves from others doing what they had just done. This was the primitive development of property concepts. These experiences and concepts were behind the evolution of warfare. As civilization grew and people specialized, a sense of property evolved. We see the development of property law arising in the Hanaribi Codex and carried forward in the Ten Commandments in the Books of Moses.

 

For a long time, property was the domain of the tribe, but due to specialization, there arose a warrior class that defended people's values and property. Use value and value became realized property. Warriors needed to be supported and when support failed, warriors either took what they wanted or raided surrounding areas and took what other people had. Thus at the outset, property was obtained by theft and murder. As property accumulated into fewer and fewer hands, laws developed and armies were trained to protect property and keep it in the hands of the possessors as defined by conquest or original theft. Over time, the idea that property became the exclusive right of the possessor became ensconced and the idea that no one owns nature got lost.

 

The modern era began early in the 14th century when peasants were originally forced off the land to make way for monoculture in the way of sheep raising. At this time, the Knights Templar was a powerful organization that had accrued vast wealth and were in a position to threaten kings and the church. They were systematically crushed starting in 1306 by church inspired royal decree. Their assets were seized and property passed from their hands into the king's and the church. Many countries existed where the dominant class by numbers were land working peasants. These holdings including the people became the property of priests, kings and lords as defined by law at that time. These "owners" warred with each other constantly in order to increase their own holdings. They also sought ways to increase wealth by the creation of more surplus value from means like agriculture. Laws concerning property and title thereto became the dominant form.

 

As land was needed for specialized crops, peasants were either forced to produce the items at the cost to themselves by not growing what they needed, or removed from the land as small tracts were consolidated into large tracts. The now landless peasants had nothing left but to sell their ability to labour, first by working the tracts that were "expropriated"; that is, legally stolen from them. When techniques were developed to increase production from fewer hands, the "surplus" peasants were driven off the land. Some became gypsies, some petty criminals, some in deep poverty and many found their way to growing towns in order to seek work by selling what they had left, their labour power. Property now included the idea of the ownership of the means of production, whether land, mine, machine, transport or mill. This ownership of the means of production was either controlled by banks and law or by aristocracy, conferred title or inheritance.

 

Even in the stinking, polluted and dangerous mills, advancements in production, such as carding machines, the spinning mule, steam power, etc., meant that the work force was trimmed to go out and look for work again. Bear in mind that every advancement was developed by someone who worked out and perfected the original idea, which was then made the property of the owner, who paid for it through wages, etc. As we approach the modern era, we find that the means of production and most property of any description is held by law as the property of a few owners and these are fewer in number. In some countries, property was and is held by the crown and is lent out by conferred title to designated appointees to administrate it for the crown. Property rights are defended by the armed portion of the state in the form of armies, police and security. By and large, these forces are as ignorant of the history of the development of private property and title hold as the rest of the people and so readily defend this against their own interest. Private property is really the result of a long lineage of expropriation, theft, loot from war combined with the mis-education of the people to accept the lie that all of this is not a cheat and the lost understanding of real history is really a God given right.

 

In the developed world, 98% of the population is engaged in work other than agriculture. 2% of the population actually produce all the surplus food that the 98% live on and there is even a lot left over to trade and sell offshore. In undeveloped countries, the situation is the exact reverse. 98% of the population work the land; 2% are urban and there is often little surplus. In fact, some of these economies have to import surplus value from outside out of their own necessity.

 

The "owners of the means of production", title holders of the crown and/or banks and all other property as defined by law and protected by an armed state are in competition to increase their holdings at the loss of the other holders. They have managed to convince the masses of their inherent right to own from whom they originally took by force or deceit from the ancestors of the masses. This is the substance and gist of mis-education that is taught to everyone on the bottom of society to support such a corrupt scheme. This is what is behind property in the capitalist sphere of influence. Many means are used to keep this going.

 

Think about this for a moment. Banks own all you have by law until you have paid for it in total and can keep up annual taxes in any state that is a capitalist republic. In the case of title granted by the crown (in Canada and Britain), the crown is the owner no matter what and any property, including the banks, can be taken at a whim. In the republic such as in the United States form, failure to pay the taxes and the ownership reverts to the government. The government itself is in deep debt to the banks, so the bank can claim ownership at any time by calling the debt when the holder of the debt can't pay the sum of it. This is usually mediated though the default and foreclosure process. Many governments have a hard time just servicing the interest of debts. If you have a mortgage, a loan on a car or credit debt of any kind, the bank is the legal owner of all property until it is paid in full. The property in question is what is called collateral against the full extent of the loan, including all interest and penalty charges and that must be paid in full to finally own the property in question. Fail to make a payment or to pay off a called loan means that you lose all past payments and the property held by the loan or credit as the property is the collateral on all secured and unsecured loans. Though this type of thing appears to be true in the case of title under the crown, the crown retains all property under the "commonwealth" even if it is paid in full and it can be expropriated at any time. The veracity of this statement was proven in the Sept.-Oct. 2008 sub-prime foreclosure crisis that saw millions lose their homes and all payments made to the point of mortgage default, that then resulted in the bailout of the lenders by the Federal Reserve at the insistence of the US government that then assumed ownership of these “toxic assets” as they became known, simply because there was a sudden glut of homes on the market and no buyers. This is an anathema to the profit system, because in order to create profit by artificially high prices, there must be a shortage and not a surplus. The collapse of the en-masse housing mortgages caused a huge surplus of homes and homelessness simultaneously, which created a classic contradiction of capitalism. But this does not end the question on what is property, as insubstantial concepts are also defined as property.

 

Time Defined as Commodity and Property

In a society where we claim proprietary rights, just about anything can become mislabelled as property. How for instance can we lay claim to the warmth of the sun as property of some and not of most. Although we can argue in favour of proprietary rights for something like a fish we caught, or that gold nugget we found, there are things that no one can claim as property, such as gravity and time. Yet, many have come to accept some preposterous claims.

How often have we all heard the boss or some other authority say “My time” and “your time” as it it was something physical that can be divided and parcelled out or exchanged like vegetables, metals, cloth, houses, cars or some other commodity? Most of us have heard it more than once. This idea that time is something that can be bought, sold and traded is something of a huge misunderstanding. In fact, time has become regarded like a commodity; at least by some people. Time is one of those things that is not a surplus value or even a use value or a value as regarded in classic economic definitions and terms. We don't find time lying about waiting to be discovered, converted and used like objects or raw resources found in nature. In fact, if we are to define time, we have to turn to and consider the findings of Albert Einstein who defined time as a variable dimension, just as other dimensions are variable under General Relativity, defined only by particular frames of reference. By now Einstein's findings have been proven by experiment which is the final measure in science. Anyone can prove these things given rigorous controls and practice. Adjusting GPS or relativistic effects is now routine.

Coupled with the misconception of time as commodity is the idea that time can be privately owned. Yet for all our seeming ability to claim time as property, it is not controlled to the least extent by everyday actions. We cannot stop, start or manipulate time in any way. We are in it for the ride. Each one of us, floats as it were through time, within the eternal moment, within the context of historical development. During this period, we attempt to change our circumstances, but not time itself. Time can be said to be primordial, a fundamental condition that can be also viewed as change itself. For without change, the cosmos is static and what we call time is the medium of change. At the quantum level the cosmos is discreet and it follows that time or change is also discreet.

 

We have been led down the garden path to believe that time is property that can be owned. This surfaces in the concept of production, specifically, surplus production that is the locus of profit making. It takes time to turn raw resources into something of use value and use value arises only because of added labour value. Labour value is interwoven with time. It always requires some time to convert something that is available to something that we find more useful. Not many people live in trees such as other primates, but we will harvest trees, make lumber and plywood and turn this into a house where we do live. This is the basis that allowed the idea that time itself is a commodity that can be bought and sold, when it was actually labour effort and surplus value that is the real commodity. What we have is another form of alienation of labour, not only from production, nature and each other, but time as well.

 

How often do we see the labourer or worker disgruntled and dissatisfied with spending time at a job that is neither rewarding nor fulfilling and increasingly, not financially gainful. The job becomes time that is under suffering and is torturous. The nature of class division with its ownership of the means of production and fictitious value as the labourers reward only drives the point further home. The self appointed owners of the means of production then divide time into productive and non-productive time and seek to expand the former at the expense of the latter. Non-productive time for profit makers are things like rest or sleep, transit to and from the factory, field or office, eating, vacations and the like. Productive time on the other hand is that where commodities for profit are being created. As in any other mode of production, the productive time that the owner-bosses claim as their property like the means of production is encouraged in order to maximize profit. The non-productive time is discouraged. Thus events like lengthening the work day and eliminating breaks is desirable under capitalism to tip the scale in favour of productive time, which is claimed as the property of the capitalists. As the struggles of the 1920's and 30's ended up establishing the eight hour day in America, the bosses had to go off-shore in order to get 12 to 16 hour work days in China and India, where there are few labor laws and other restrictions such as health, safety environmental limitations. In addition, there is the “bonus” of much lower wages. Americans are left to fend without work, while the Chinese and Indians are overworked and the bosses are ostentatious in the display of their wealth. The only two economies that are growing are where the production has increased. For those that still work in America, we still hear the old ideas.

 

Thus we hear things like “Not on my time” from the boss or straw boss where you have no claim to time when under the directive of the capitalist. You must do with time, what you are told to or risk the consequences of violating the sanctity of productive time under the mode of profit making. We even here that time is money, linking time with the money making schemes of capitalism which includes the creation of fictitious value, a way of attempting to cheat time by creating value out of thin air. In reality, it is the labourer that is being cheated all the way. Their labour value is regarded as variable capital. Their time is not considered their own to do with as they see fit. They are encouraged from cradle to grave to respect all the concepts designed to exploit them.

 

Today we even hear of the expression “time theft” as if time were like a diamond or car that can be surreptitiously stolen and ferreted away to be enjoyed in secret. Time theft emerges when the labourer seeks to extend non-productive time at the cost of productive time by lengthening breaks or coming in late to or leaving early from the work shift time. Time theft occurs when the worker claims hours worked that were not worked. This is what could be called generating fictitious time. Time theft occurs when the labourer makes an error at the cost of the company. The penalty for time theft is often dismissal and possibly the garnishing of wages. Little or nothing is said when the capitalist “steals time” from the labourer by the non payment of wages, whether it is the result of bankruptcy or by neglect or deliberation for one “deduction” or another. Today, according to many economic analysts, many state and city employees across the land are at risk of losing pensions and wages due these entities declaring bankruptcy. This has the potential to create enormous unrest.

 

The wage slave, which by far is the commonest form of slavery today, does not have time to call their own. Increasingly, such as in China within the Wal Mart enclave, we see labourers working 15 hours a day, 7 days a week with little “non-productive time” for themselves beyond sleep. Wages are often a pittance,incapable of providing total support. Wal Mart is not alone in this. There are work shops all around the world that function this way. The whole thing is part of a grand deception. By awakening to the truth that time is not owned by anyone, we set in motion a move toward a radical change in society. As the worker is worthy of the full value of what they produce, then they are also worthy of the full time they take in order to accomplish this. The moment some one appropriates this to themselves as “owner” even at the force of law, at someone else expense is the moment we fall into delusion.

 

Most people who work for a living to produce value, don't own what they produce by law whether republic, commonwealth, crown or title. It has become the property of the owner of the means of production. As we have seen from the above, a few own everything and the masses actually own nothing except their ability to work according to the structure and definition of the law. Property is the self proclaimed historically justified right of the few who finance what we think we own by right of law and might of force. In the final analysis, private property for most is a farce; and so is the declaration of those who claim to own the means of production, lands, mines and all use values. Property is the result of accumulated theft and robbery over the eons. To restore the original situation of collective rights to the use value of nature will require a total revolution in thought and in the financial/political realm. That then is the direction of this thesis!

 

Listen up folks. The money you earn is not your own according to the bank. If you are in default, suddenly you are not allowed to eat on “their” money that they loaned in “good faith” to you even though you worked hard to earn it and did not lift a finger. According to their logic, it's more important to pay these interest gouging crooks than to eat. According to the foregoing, this means that almost everyone is a slave to the banks. It's time to take action! Our recommendation is to make the capitalist banks pay for their own folly that has ruined the lives of hundreds of millions of people all over the world and continues to ruin the lives of billions through extreme austerity in the midst of plenty through the use of bully tactics like the Friedman shock doctrine and environmentally destructive wars. The capitalist bank is a poverty manufacturing machine. Make them pay for whole countries they have ruined though collapsing economies. Make them pay for all the homelessness and hunger they have caused. We say don't pay the loans, credit cards, mortgages, or anything else as it is mostly interest that you are paying anyway. Many people now find themselves unable to meet even the interest payments and this compounds over and over, interest on interest ad infinitum mushrooming and billowing out of control like another over inflated bubble ready to implode. This must stop! We can stop this by refusing to give into this evil system of world robbery. It starts when everyone refuses to give the banks one thin dime more!