Gottfried Feder

Manifesto For The Abolition Of Interest Slavery" (1919)

Some notes from the pamphlet. Not the best formatting...

Mammonism
"The abolition of enslavement to interest
signifies the restoration of the free
personality, the redemption of man from
slavery, from the curse whereby
Mammonism has bound his soul."

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"The abolition of enslavement to interest gives us the possibility of pursuing the
repeal of all direct and indirect taxes."

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"The avalanche-like growth of loan-
capital surpasses all human capacity for
calculation, through eternal, endless, and
effortless income from interest, and from
interest on interest."

"in Mammonistic blindness
we have unlearned how to see clearly the doctrine of the sanctity of
interest is a monstrous self-deception,
that the gospel of loan-interest that
alone makes one blessed has entangled
our entire thinking in the golden web of
international plutocracy.

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1.) Rethinking what an investment really is.
2.) What happens when a process of endless investing and reinvesting occurs:
3.) And what if it is not taken care of:

The myth of 'progress', 100 years and humanity has still not evolved enough to rid itself of - we're almost right back to where we were.

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"For the sake of the interest principle, in keeping with a
thoroughly mad political delusion that
every kind of possession carries an
entitlement to earnings, we have
submitted to enslavement to interest on
money."

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"The most dangerous factor is
the enormous growth beyond
comprehension of big loan-capital
through interest and through interest on
interest. I must here digress a bit more
and hope through a small excursion into
higher mathematics to explain the
problem. First some examples."

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"What significance does the growth of the Krupp fortune
during a century have compared to the
growth of the Rothschild fortune through
effortless and endless accretion from
interest and interest on interest?"

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"We recognize clearly that not
the capitalistic economic order, not
capital in itself and as such, is the
scourge of humanity. The insatiable
interest-need of big loan-capital is the
curse of all laboring humanity! ... For what else is loan-capital, but debts?"

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"It is now quite astonishing to see how
the socialist idea-world of Marx and
Engels, from the Communist Manifesto and even the current socialist
leaders... interest is the noli me tangere,
the “touchmenot.”

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The commentary above lends credence to Miles Mathis research into both Marx and Engels as possible agents of The Money Power. (Also it's easier to understand why it's so difficult to get a decent English translation of this book.)

In 2018 and is still a major issue of our time.

"The
specter of state bankruptcy is really only
a fairytale and a bogeyman invented by
the Mammonist forces...On the
contrary a rapid revival of the national
economy and a recovery of public
finances have been observed often
enough."

Russia mentioned here too.

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Also this century, let's not forget how Argentina defaulted and lived to tell the tale with a strong recovery after a terrible downfall. What Greece couldn't and still can't do.

Not to downplay the economic collapse. Powerful documentary, Argentina's 2001 Financial Collapse. I visited in 2014-15 and it still had issues but people I met were generally positive.

"I, the state, shall pay no more interest,
and you, the taxpayer, need not pay taxes
to cover these interest payments…we avoid the enormous tax-bureaucracy
and likewise the enormous interest-
paying bureaucracy, thus conserving an
immense quantity of money and work-potential.”

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"Whether interest-bearing war-bonds or
non-interest-bearing Reich banknotes, behind them stands only and solely the
tax-potential of the entire people – and
what is tax-potential other than a
function of the work-power of the total
working population?"

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This is reflective of Margrit Kennedy's later emperical work on calculating the distribution of interest paid to interest earned.

Pensioners would require income support via a welfare payment due to no more interest earned.

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"The abolition of interest-slavery for
mortgages means without a doubt the
solution of the housing problem, the
liberation from exorbitant rents...the abolition of enslavement to interest has not the
slightest thing to do with our total value-producing labor..."

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"We can tell how correctly the
fruitfulness of the interest-problem has
been recognized in the course of history...although under the canon law of the 11th
to 17th centuries the charging of interest
was forbidden to Christians, it was
permitted to Jews."

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"In addition it ought to be considered that
broad stretches of the Earth have only in
the modern age gone over from natural
economy to money-economy... caused
money to turn into the demonic power of
such universal coercion that we have
come to know."

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"...the abolition of
enslavement to interest on money must
come, as the only way out of the
threatening economic enslavement of
the entire world, as one of the ways to
drive out the poison of Mammonism
with its corruption and contamination
of the mentality of our age."

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What happens when you vote in a neoliberal government again who brings back in the IMF and implement "structural reforms"

"Clearly there was much more to
the ideology and practices of National-Socialist Germany than the History Channel or
even most "history" books provide. Modern
governments have taken much from Nazi
Germany ."

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Gottfried Feder words on the Marxist-Communism-Socialism slogan "All things belong to all men!" asks someone to look deep inside their heart and soul.

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Gottfried Feder words on the Marxist-Communism-Socialism:

"...every idea... exaggerated to the extreme becomes madness in the end, and then it changes into its opposite.... contemplate whether the Communist message... would not necessarily mean the end of every culture..."

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