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The nature of money.The commitment of error is never a passive thing. Let us consider this aspect by looking at the way that money is generally regarded in the context of usury. Usury is an age-old plague. The current fundamental platform of the world-financial system is based on usury. Therefore, it has an erroneous base. When the Bank of England was created, back in the 17th century, the ancient plague of feudalism (another name for usury) became refined. The Bank was founded on a platform that regarded money as an 'estate' that could be rented out. This accords in principle with the old feudal system of physical ownership of land, which was traditionally rented out to the peasantry. Of course, the fundamental idea that money could be seen like that, as a rentable estate, was a rather old one. The Venetians had used it before to some degree, and others before them. However, something new was brought onto the scene by the bank that had been set up to become the agent for the estates of money to be rented out. The founders of the Bank of England formalized through their 'services' an extension of the old feudal rentier system. The land based feudal system was hopelessly limited by the size of available land. It had no potential for growth, even for profit! No matter how ruthlessly the peasants would be demanded to deliver, there was only so much that the land owners could claim in return for their property being rented out to the peasants. No matter how exorbitant the rates of return were, that they called for, there existed a limit to the game. Thus, by its very nature the old land based feudal system had become too small to serve the greed of the newly emerging lords. It was here, where the bank found its niche. Through its services of dealing with financial estates, which 'estates' were not limited by such finite factors as land, the new feudalism exploded in volume, while the old feudalism was on its way out. The old land-based feudalism regressed into insignificance, not because it didn't work, but because the financier and trade oriented oligarchy had found a system through which the slavery and dope profits that were flooding the coffers, became infinitely greater 'estates,' that far superseded the old land-owner oligarchy in 'profit' creation. Thus, the principle of feudalism lived on through the 'services' of the Bank. This new feudalism was carefully kept alive through the centuries. It was modernized and endowed with fancy technical names. It became so universally accepted that the world still lives under it, though nobody recognizes it as being fundamentally a structure of feudalism. None-the-less, the fact cannot be ignored that it is feudalism, and has the same deadly effect on the people of the world, that it has had from the beginning. Though renovated and sanitized, feudalism, no matter what one may call it, remains in principle the same, and the effects remain the same, though magnified. Indeed, we all feel those very typical effects of feudalism in action, that stifles the necessary development of scientific and technological advances of the nations. For its needs, the world has been plunged into a century of war that superseded in destruction all the wars in history. What the future will hold for mankind, under this system, no one can reckon, for the full impact has not yet been felt. When the new feudalism was created, a unique condition was brought into the game that added a dimension that could not exist in the old feudal system. This condition is shown in Appendix A15. The graph on the left hand side shows that the debt service costs of the combined public and private debts (rent claims on 'estates' rented) have risen significantly above the value produced by the nation. The trend that is shown, of course, has continued beyond 1991. Since the means evidently are not produced at the present rate of production, to ever pay this debt down, unless there is an enormous increase in productivity, which can't be achieved under the debt load, the society is stuck in an impossible situation. || - page index - || - chapter index - || - Exit - ||
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