BANKS

“The insidiousness of banking has always followed the same road–abundance–any kind of abundance tends to create optimism.  This optimism is exaggerated, usually with the help of propaganda.  Sales increase; prices of land, or of shares, rise beyond the possibility of material revenue.  The banks that favour exaggerated loans, in order to manoeuver the increase, restrict, recall their loans, and presently panic overtakes the people.”

-An Introduction to the Economic Nature of the UNITED STATES

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To Senator H. T. Bone

Rapallo, 1936 (?)

My Dear Senator: Re/ Morgan’s reply to you, as reported in Time.  I think this is too good a toe hold to lose.

“Destroy the leisure class you destroy civilization,” Right OH and very true, but IRRELEVANT.

For 25 years I have been up against the USURERS’ class, wherever USURY, not moderate usury on metal coin, but 60% usury on real money called 6% usury on chequebook and bank money, has dominated, LEISURE has been cut down, the leisure class wiped out/

Great art (invention and design) is/are slow process and slow processes/ Must have plenty of time (call it leisure)

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The Acid Test

“I have always believed that a man should leave his religious or philosophic writing till the end of his life, as either subject demands his total accumulation of knowledge, not merely a few general ideas taught him in school.  The ‘old philosopher,’ the ‘young zealot,’ are type ideas, and justifiable as such.”

Biosophical Review, Winter, 1935

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Shirking Responsibility

“The moment any man is sufficiently developed to assume a position in regard to the total consciousness of the universe (whether he regard it as a coordinated whole, or as merely so many scattered sparks), whether he knows it or not, whether he wants to confess it or not, he has a religion.

A religion is incomplete, and an organized religion decays when it excludes from its domain any specific area of thought or action.

The mystic or moralist who excludes economic right and wrong from his scheme of things, is a shirker.”

Biosphical Review, Winter, 1935

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Sin Against Nature

“By great wisdom sodomy and usury were seen coupled together.  If there comes ever a rebirth or resurrection of Christian Church, one and Catholic, a recognition of divinity as

La somma sapienza e il primo amore (the highest wisdom and first love)

it will come with a recognition and an abjuration of the great sin contra natura, of the prime sin against natural abundance.”

Cromwell, 1935

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Peace Pathology

“The place to cure war is in the domestic economy of the nation.

“Is pacifism merely a symptom of lust for power, manifested by the weak and peeving?
At any rate it is a dishonest movement. It is a subsidized movement. Christianity resigned when the Church surrendered economics. The medieval church distinguished between right and wrong in the economic domain. The ecclesiastical bureaucracy withdrew tactfully from any such endeavor. The baked meats were too rich to risk on a mere question of righteousness.”
– Peace Pathology, 1934

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Wisdom

“Wisdom resides less in the means than in affirmation of ends.  If there is the will to attain the end, the means will be found.  If the end is perfidious, no means can have in itself any inherent virtue capable of preventing the perversion of justice.

“Against this, it may be observed that certain systems, and certain mechanisms of means, have been purposely invented and set working in order to mislead the public, and to keep them ignorant of the facts of history and of the best means of creating and maintaining social justice.  The ideological and propagandist battle should be directed against this obscurantism.”

– AMERICA AND THE SECOND WORLD WAR, 1944

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