John Dunn

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The great wars of Usura

Thursday, 9 Jan 2014

Great War on Staff and Scrip, Dr John Dunn The twin pillars of Usura

Within six years of deposing the rightful King of England, the Dutch financiers from Amsterdam who had backed the invasion of Britain, nominally under the leadership of William of Orange, together with the English Whig collaborators, sought to exact their return, with interest.They would fulfil their objective of taking control of the British economy, whilst installing themselves as its real governing force. This they did by establishing the Bank of England, the merits of which to its supporters were summed up in the oft-repeated sentence by its founder, William Patterson.

The Bank hath benefit of interest on all monies which it creates out of nothing.
The bank would be enforced as the only source from which government officials could borrow money, with the debt secured against public taxes. The country sold bonds to the bank in return for money it could not raise in taxes. The bonds were paid for by money produced from thin air. The government paid interest on the money it borrowed by borrowing more money in the same way. There was no way this debt could ever be paid, it has and will continue to increase.

Enough has been written about the scourge of fractional reserve banking, without going into detail here. Suffice it to say that, in times of economic upheaval, wealth is rarely destroyed and instead is only transferred. And it is those interests that control the money supply who benefit the most when money is scarce. When the majority of people are suffering through economic depression, you can be sure that these interests are continuing to get rich.

With the Dutch invasion of England and the founding of the Bank of England, the empire of Usura* entered history. Its hallmarks were power through the seizure of the money supply and the build-up of military might. These are what enticed the backers and collaborators of the invasion. These would be the twin pillars of Usura from this point on. Of the first £1.2 m raised as a loan with the Bank of England, half was spent on the building of warships. The omens were there right from the start.

The Usurocracy and the mob

With the Dutch invasion of England and the founding of the Bank of England, the empire of Usura entered history. Its hallmarks were power through the seizure of the money supply and the build-up of military might. These are what enticed the backers and collaborators of the invasion. These would be the twin pillars of Usura from this point on. Of the first £1.2 m raised as a loan with the Bank of England, half was spent on the building of warships. The omens were there right from the start.

It all began with money - the trafficking of money and illegal money-lending by a minority of outsiders who were forced to hide within the very pores of the social organism. Usura was born of a long and bitter struggle between the usurer and the rest of mankind. That which was once held to be profane, permitted to serve the people in only a limited way, had now usurped power. 

Man had exchanged the God of heaven for the ‘god of the world’, Mammon. Under no account is historical development in this era to be seen as a progression to a new enlightened modernity. That would be falling into the trap of believing the victor’s history and philosophy. Man exchange done belief for another: one based on the vision of attaining as close an alignment as possible to the cosmic order, the other based on money. There is no neutral choice. To view Whig history as though it represented an enlightened rationality is to choose the path of Pharisaic self-righteousness. It is a choice that has had catastrophic consequences for millions upon millions of people since Usura was founded, and continues to do so with increasing ferociousness to this very day.

The founders of Usura renounced love for power and gold in the manner of Wagner’s Albrecht the Nibelung. Sings Albrecht addressing the old gods...
You who aloft in the soft zephyrs' breeze
laugh and love,
all you gods I'll grip
in my golden grasp!
As I renounced love,
all living things
shall renounce it!
Allured by gold,
for gold alone shall you hunger.
On radiant peaks
you live,
lulled in bliss:
the black gnome
you despise, you eternal revellers!

With the seizure of power came the manipulation of the masses. By 1700, London was the largest city in the world with over 500,000 inhabitants. In the London mob, the usurocracy had a ready-made means of securing its grip on power, and it ensured that it could steer the mob in any direction it wanted with the introduction of nationalistic patriotism. After the Act of Union in 1715, the Union Jack became the symbol of this new Whiggism. Thomas Arne wrote the music to match the sentiment. In 1740, theatre audiences were singing along to his Rule Britannia and, by1745, standing to God Save the King. The mob that had so recently been enslaved to the national debt was induced to to sing, with cruel irony, that ‘Britons never, never, never shall be slaves’. The timing of these instruments of psychological enslavement conditioned minds in readiness for the 45 rebellion, a lost cause from the start given its disorganisation, but buoyed along remarkably by popular sentiment for the restoration of the rightful king, particularly in the North, where the instruments of Usura’s propaganda had not yet penetrated. Less than a hundred years later, the usurocracy felt it safe enough to unleash democracy as its means of securing power against those who could see through its façade of governance to the rottenness of legalised counterfeiting corruption at its core. To this day, the usurocracy relies on mob rule to maintain and extend its power. It fights wars to extend its grip over the money supply in the name of democracy.

The American revolution: a serious rival to Usura established

Compared to Usura’s next war, the ‘45 was a localised skirmish. Winston Churchill would describe the Seven Years War 1756-1763 as the first real world war. It was the first conflict in human history to be fought around the globe, certainly. However, and Churchill was probably conscious of this point, it was also defined as global by being Usura’s first engagement in a war for the world - for the economic control of the world and the hearts, minds and souls of its inhabitants.

By the end of the war, Usura had secured the control over North America and India. The very next year, 1764, Usura set about expanding the tax base to include the North American colonies, as a means of securing the ever-mounting debt. Since the creation of the Bank of England, the total debt now stood at £140,000,000. The rest, as they say, is history, but certainly not Whig history.

There is enough material available on the internet with which to piece together the incredible story of Usura’s rise and rise, without me goinginto it in too much detail here. It is important to note, however, the importance of Ezra Pound’s pioneering work in this field, particularly on the subject of Usura’s extension of control over the United States. He said in one of his notorious radio speeches from Mussolini’s Italy during the Second World War that “The present war dates at least from the founding of the Bank of England at the end of the 17th century”. Such a statement was never likely to dissuade American GIs from landing on the Italian coast as he had hoped, but it did show an insight into the causes of Usura’s wars that have provided a foundation for revisionist study ever since. 

When attention turned to taxing the Americans the British found the colonialists printing their own paper money, known as colonial scrip. The American colonies were a particularly attractive taxation prospect, because of their prosperity. 

The debt free issue of currency on such a  scale posed a threat the the interest charging power of the usurocracy,which hurriedly pressed parliament to pass the 1764 Currency Act. This immediately suppressed the printing of money by the colonists, and forced them to pay taxes to Britain in silver or gold. In this draconian measure lay the real cause of the next war of Usura, the American Revolutionary War of 1775–1783. It had nothing to do with the more picturesque matters, such as the Boston Tea Party of the Whig history books. 

Such was the centrality of the money issue to the cause of the revolutionists, that upon victory, the power of Congress ‘to coin money and regulate the value thereof’ was included in the Constitution of the new nation. A serious rival to Usura had been established.

Usura's endless wars

In1790 Mayer Amschel Rothschild was alleged to have said, ‘let me issue and control a nation’s money and I care not who writes the laws’. Certainly in keeping with this maxim, whoever said it, the usurocracy decided that its interests would be best served by allowing America independence, whilst establishing a ‘national bank’ on US soil, which English bankers would control. Thereafter, repeated attempts to establish a US equivalent to the Bank of England succeeded temporarily, only to be defeated by dogged opposition from founding father notables.

The renewal of the charter for the First Bank of the United States was vetoed by Congress in 1811 on the grounds that it was unconstitutional. Within five months, the young nation was plunged into another war with Usura. Britain attacked America and started the war of 1812. With conflict raging across land and sea for 32 months, the war achieved no territorial change between either side. However, Usura secured a victory of sorts as, by 1816, faced with economic hardship from the war,Congress approved a second national bank.

Whilst Usura waged war upon America, Napoleon’s struggle against the twin forces of money supply control and military might was drawing to a close. Napoleon made his reasons for restisting Usura clear.

When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain. (Napoleon Bonaparte, 1815)
Instead of resorting to the banks, Napoleon sold territory west of the Mississippi to the United States for 3 million dollars in gold; a deal known as the Louisiana Purchase. However, everywhere Napoleon went at the head of his conquering armies, he found that Usura had already been there before him. The Bank of England made huge profits as Prussia, Austria and finally Russia all went heavily into debt trying to stop him.

A Rothschild financed attack from Spain in the south and other defeats eventually defeated France, forcing Napoleon into exile on Elba. Even before the later battle of Waterloo, Usura’s victory was complete. Napoleon was forced to raise money from the banks to make his last bid for glory. Whatever the outcome of Waterloo, control over the money supply would remain in the Usurocracy’s hands, and it would ‘care not who writes the laws’.

With Usura’s empire seemingly secure on both sides of the Atlantic, the Americans rebelled again. In 1832, President Andrew Jackson personally vetoed another move to renew the charter of the Second Bank of the US, becoming the only president whose administration totally abolished the national debt. When asked what was the greatest achievement of his career, Jackson replied, ‘I killed the bank’. These famous words later served as the epitaph on his gravestone.

Only three years after the veto, there was a failed assassination attempt on Jackson’s life. Usura was held at bay, but would not let go. A growing world power with massive resources and scope for taxation would not be tolerated long outside of the central banking system. A divide and conquer opportunity to redress matters came in 1861 with the American Civil War, thus qualifying it as yet another of Usura’s endless wars.

History NOT according to Spielberg

That slavery was not the cause of the American Civil War was clearly recognised with hindsight by Otto von Bismark, the Chancellor of the rising German state, a country still beyond Usura’a borders when Bismarkwrote this in 1876.
The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe, these bankers were afraid that the United States if they remained as one block and as one nation, would attain economic and financial independence which would upset their financial domination over the world.

Of the usurocracy, Bismark wrote - they foresaw the tremendous booty if they could substitute two feeble democracies, indebted to the financiers, to the vigorous Republic, confident and self-providing. Therefore they started their emissaries in order to exploit the question of slavery and thus dig an abyss between the two parts of the Republic.
Lincoln stood no chance of obtaining war loans at realistic interest rates from the money lenders who wanted the Union to fail. The solution to the problem was the ‘greenback’, effectively the resurrection of colonial scrip. Upon taking action to print $450 million worth of greenbacks, Lincoln made this statement of defiance to the forces of Usura intent upon undermining the Union’s cause.
The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers..... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power.
It was a defiance for which he would pay dearly shortly after the war ended.

Responding to Lincoln’s action, the Usurocracy published its own manifesto of intent towards America in the London Times.
If this mischievous financial policy, which has its origin in North America, shall become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe. (Hazard Circular - London Times 1865)
TzarAlexander II of Russia, who continued to fend off the forces of Usura, blocking their attempts to achieve a foothold in his own country, recognised a potential ally in America if only it could successfully resist the Usurocracy’s efforts to split the country. The Tsar declared that if France or Britain gave help to the South, Russia would consider this an act of war. In making this declaration of support for Lincoln’s opposition to Usura, he declared himself an enemy of the bankers too.

In1863, with victory in sight, Lincoln was desperate for more funds to complete his final push. Having ensured that Lincoln would get no further support from Congress for the issue of more greenbacks, the representatives of the usurocracy proposed the passing of the National Bank Act. The act went through. From this point on the entire US money supply would be created out of debt by bankers buying US government bonds and issuing them from reserves for bank notes.

Given Lincoln’s enthusiasm for the state issue of ‘all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers’, it is certain that he would have reversed the National Bank Act after gaining renewed public support in his re-election victory. That is, had he not been assassinated only 41 days after being re-elected. The National Bank Act was safe but, if Bismark was right, it had taken a highly mechanised and vicious war, with the resultant death of millions, to make it so.

All the back-bone of Jefferson’s thought and of Van Buren’s forgotten!

Only16 years after Abraham Lincoln’s assassination, President James Garfield met the same bloody fate, even though he did not support the greenback and conceded that paper should be backed by silver and gold. He was resolute in affirming however that Congress should be master of the money supply. In his inaugural address he insisted that it was ‘the chief duty of the National Government in connection with the currency of the country is to coin money and declare its value’.

In the same year, Tzar Alexander II was assassinated, following several attempts on his life since 1866, shortly after Lincoln’s death. However,Russia remained beyond the clutches of Usura, and the murdered Tzar was succeeded by his son, Alexander III.

When the time came to formalise and monopolise an American economy based on government debt, the outcome was almost anti-climactic. On 23rd December1913 the house of representatives passed the Federal Reserve Act, but it was still having difficulty in its passage through the senate. Most members of congress had gone home for the holidays, but the senate had not adjourned and was technically still in session. There were only three members still present. On a unanimous consent voice vote, the 1913Federal Reserve Act was passed. No objection was made, because there was no one there to object.

Anti-climactic this may have been, but the impact of America’s formal assumption into Usura’s empire of central banking was to be devastating and world-changing in the century of world wars ahead. The First World War started almost immediately after the US was securely within the banking system.

Ezra Pound made the insightful observation that ‘A nation that will not get itself into debt drives the usurers to fury’. And it would indeed appear that the allied powers of Usura (Britain, France and USA) have waged war against countries that have resisted the debt-based financing of central banks, more recently Iraq, Libya and now Syria.

World War One started between Austria-Hungary and Serbia, but quickly turned into a war between Usura and Germany. Although pre-war Germany had a private central bank, it was heavily restricted and inflation kept to reasonable levels. Under government control, investment was guaranteed to internal economic development, and, in the late nineteenth and early twentieth centuries, Germany’s economic growth was outstripping those of Britain and France. Put simply, Germany was a threat to Usura’s dominance.

America’s late entry to the war was for no other reason than to kill off the external threat to Usura’s global empire ambitions. Committing aid to its two former colonial masters would otherwise have been perverse, as indeed it appeared to many Americans at the time.

In the aftermath of war, Germany's private central bank, to which Germany had gone deeply into debt to pay the reparations exacted by the Treaty of Versailles, broke free of government control and massive inflation followed (mostly triggered by currency speculators), permanently trapping the German people in endless debt. When the Weimar Republic collapsed economically, it opened the door for economic renewal. 

Obtaining dispassionate historical analyses of the German economy as it stood before the Second World War is impossible. The control over the interpretation of the events of that era is central to the current political settlement and will not be relinquished by the official historians in a hurry.

What everyone does agree upon is the fact that from 1933 Germany experienced an economic growth spurt. It appears that this coincided with an abandonment of a gold-backed currency, with the result that barter - the direct exchange of goods - became possible in international trade. An example of this is Germany’s exchanging locomotives for Argentinean beef, which did not require international trading credits or a reserve currency.

The underpinning principle of economic policy was one promulgated by Gottfried Feder, which was that labour creates value, not gold. In an attempt to apply this principle, the German government introduced bills of credit called mefo-wechsel to the value of 5.5 billion Reichsmarks. This was added to the 4.5 billion Reich marks allowed under the Treaty of Versailles until 1933. German heavy industry including Siemens, Krupp, and AEG etc. undertook to cover these bills of exchange in such away that their fixed industrial assets provided security for the newly created money. This enabled the creation of up to 10 billion Reich marks, the minimum amount required to boost the economy in a work-for-work exchange system. After this medium was established, contracts for residential construction, superhighways and modernisation of agriculture were immediately undertaken.

The‘problem’ with this state-issued value-based currency was that it placed Germany outside of the global economic system. Once again, Germany was re-emerging as a threat to the dominance of Usura.

It was also in the context of similar economic developments in Italy that Ezra Pound drew a comparison between the country that he had chosen to make his home before the Second World War and the America of the Jefferson years. The United States in its post-revolutionary era had once stood against the expanding might of Usura. Pound in his infamous radio broadcasts wanted to remind the American public of that lost history. He had long despaired of the ‘laziness of whole generations!’, All the back-bone of Jefferson’s thought and of Van Buren’s forgotten! Benefits of the latter, lost in civil war and post civil war finance!’ (ABC of Economics, 1933)

As early as 1933, a global boycott was organised against Germany to counter a regime that attempted to operate outside the purview of the central bankers. In 1939, as Germany’s full-employment economy began to flex its muscles in a world hostile to its continued growth, Usura felt compelled to declare war in response.

In the context of this analysis, I do not think it unreasonable to add the following oft-quoted observation by Winston Churchill.
Germany's unforgivable crime before WW2 was its attempt to loosen its economy out of the world trade system and to build up an independent exchange system from which the world-finance couldn't profit any more. (The Second World War)
‘The aim of finance is always to gain by other’s labour’, wrote Ezra Pound. Ultimately, this has to be imposed by force, and war in the modern context is the compulsion of one to work for another in the aggregate, writ large. The renunciation of love for power and gold was no neutral choice. The triumph of a credo once held by a minority forced by circumstances to live on the margins of society was neither progress nor rationality, as the supporting superstructure of ideas in philosophy, science and art might have us believe. This was enslavement, enforced militarily. No wonder the vertically orientated societies of Russia and Japan were horizontalised by Usura - one by financial support from bankers for a small coterie intent on revolution, the other, literally, by atomic bombs.

The last great target of Usura’s fury is Islam and the last vestige of theocratic rule in Iran. It is the denouement to this confrontation that lies at the heart of the present global crisis, which had its origins in 1694 with the founding of the Bank of England.

*I have employed Ezra Pound’s collective noun describing the distended western economy with its lopsided foundation upon banking and the principle of "interest". Held within the term is the perennial struggle between the usurer and the producer, and the foetid decline when the former holds sway. Pound's famous poem says it all, and more.


With usura hath no man a house of good stone
each block cut smooth and well fitting
that delight might cover their face,

with usura

hath no man a painted paradise on his church wall
harpes et luthes
or where virgin receiveth message
and halo projects from incision,

with usura

seeth no man Gonzaga his heirs and his concubines
no picture is made to endure nor to live with
but it is made to sell and sell quickly

with usura, sin against nature,
is thy bread ever more of stale rags
is thy bread dry as paper,
with no mountain wheat, no strong flour

with usura the line grows thick

with usura is no clear demarcation
and no man can find site for his dwelling
Stone cutter is kept from his stone
weaver is kept from his loom


wool comes not to market
sheep bringeth no gain with usura
Usura is a murrain, usura
blunteth the needle in the the maid's hand
and stoppeth the spinner's cunning. Pietro Lombardo
came not by usura
Duccio came not by usura
nor Pier della Francesca; Zuan Bellin' not by usura
nor was "La Callunia" painted.
Came not by usura Angelico; came not Ambrogio Praedis,
No church of cut stone signed: Adamo me fecit.
Not by usura St. Trophime

Not by usura St. Hilaire,

Usura rusteth the chisel
It rusteth the craft and the craftsman
It gnaweth the thread in the loom
None learneth to weave gold in her pattern;
Azure hath a canker by usura; cramoisi is unbroidered
Emerald findeth no Memling

Usura slayeth the child in the womb
It stayeth the young man's courting
It hath brought palsey to bed, lyeth
between the young bride and her bridegroom


They have brought whores for Eleusis
Corpses are set to banquet

at behest of usura.

John Dunn.

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