Saturday, 18 September 2010


"If you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit." - Sir Josiah Stamp

"Permit me to issue and control the money of a nation, and I care not who makes its laws." - Meyer Amschel Rothschild

"Less and less, then, will the juggling of finance have power over us; for it does not matter what they call the counters when you are exchanging hams for handkerchiefs, or pigs for pianos." - G.K. Chesterton

THE last few years have seen the international stockbrokers and high street banks become increasingly materialistic, even going so far as to swallow one another up in a rapacious war of all-against-all. There is no sentiment in business, of course, but money was not always used for person gain and began as a means of exchange. At one time, of course, people would barter - or exchange - various items without using money at all. Since then, however, money has become a commodity in itself and the money-grubbing speculators and middle-men have devoured our communities like financial piranha. By lending money at exorbitant rates of interest, the modern usurers, loan sharks and creditors have tightened their vice-like grip around the throats of our national economies. But whilst the money-lenders can create their own finance with the mere stroke of a pen or just a few taps on the keyboard, their clients have to pay it back in real terms - including interest. Regardless how much real money or gold bullion they have hidden away in the vaults, the banks simply hand over a paper cheque and then expect you to pay them off with hard cash over an agreed period of time. If you lose your job, on the other hand, or find that you are unable to keep up the repayments for any other reason, the bailiffs arrive to seize your possessions or, in many cases, your home.

The usurers also manipulate entire governments by shackling them to the national debt. This is incurred by those countries which have borrowed money to go to war or prop up their flagging economies, but it has to be repaid through rising taxation and this leads, inevitably, to a decline in public services and affects the poorest people in society. So what are the economic alternatives?

We have long predicted that the internationalist system will collapse under its own weight, but you can help us hasten that process by making sure that you operate outside the present economic infrastructure as much as you possibly can. There has always been a black market, of course, but there are more legal ways of avoiding the banks, the loan companies and the taxmen. One way this can be achieved is through bartering or by setting up local exchange trading services (LETS), which enable people to trade skills and services. This operates by creating a credit scheme that is rather similar to the way money used to function before the system became corrupted. If someone cuts your hair, for example, you may wish to use the barter system and return the favour by mowing their lawn or giving their daughter piano lessons. With the LETs idea, on the other hand, you may receive a haircut and find that you are not currently able to offer anything in return. Perhaps your job is seasonal, for example. This problem can easily be surmounted by appointing a community book-keeper who makes a note of all transactions. If somebody owes somebody else for receiving a service of some kind, the person who provided the service receives either a credit note or form of local currency. But there is no interest involved. In London, for example, there is the 'Brixton pound', and thousands more communities around Europe and the world each have their own local versions of the exchange trading system. Alternative currencies drive government bureaucrats and tax-collectors alike wild with fury, because people are operating outside the official economic parameters and thus strengthening the community at the expense of the state.

National-Anarchists can also establish alternative businesses. All it takes is for a group of people to grow their own food or make their own goods and set up a co-operative and participate in a trading scheme as a means of exchanging goods or services with other National-Anarchists in the community. Rather than pay with national currency, however, the purchasers should use an alternative currency or provide a service or skill in return. These schemes can become so highly successful that very often money rarely changes hands at all and everybody benefits from the economic freedom that this creates. Remember: we don't have to involve ourselves in the current economic structure, see what you can do to withdraw from the fraudulent money system and live a more independent and self-sufficient life.

Further reading:
A.K. Chesterton, The New Unhappy Lords, Candour Publishing, 1975.
Denis Fahey, Money Manipulation and Social Order, Regina Publications, 1974.
Caroline Humphrey & Stephen Hugh-Jones (Ed.), Barter, Exchange and Value: An Anthropological Approach, Cambridge University Press, 1992.
Institute of Economic Democracy, The Creation and Control of Money, IED, undated.
Institute of Economic Democracy, The Money Trick, IED, undated.
Duncan Long, Survival Bartering, Loompanics Unlimited, 1986.
Alexander Del Mar, Money and Civilisation, Omni Publications, 1975.
People Against Interest Debt, Usury: The Root Cause of the Injustices of Our Time, P.A.I.D., 1989.
Richard Porter, Roots of Evil, RP, 1991.

Related articles of interest:

* Anarchist Economics