Repudiating Criminal Debt is a Good Thing


Here are basic facts on money

by Tom Valentine


“In any economy DEBT is poison. This is not opinion, this is fact, “past and present so-called “economists” and their moronic word-weaving notwithstanding. It is poison Period. No discussion required. Every family understands the truth of this on their own level and they are now getting highly educated on the FACT that it is no different on ANY OTHER LEVEL.”

That poignant opening was sent to me via e-mail by my friend and fellow traveler Tony, the “Geezer from Weiser,” which I dubbed him back in the days of Randy Weaver and Maynard Campbell, who were hot topics over Radio Free America in 1989. The broadcasts regularly criticized the Federal Reserve system, calling it criminal.

The Geezer called the show sporadically and always had something of value to contribute, especially on the nature of money—his passion. He wrote this piece a while ago, but it was misplaced in my electronic jungle. The file just popped up.

Tony continues:

“Therefore, when you create the oil that turns the economic wheels (there is only one that works in a modern economy—money) why in the name of sanity would you create it as “credit,” which is simply a euphemism for DEBT?

“Why in hell would you make the basis of your economy a surefire poisoning of the economic well? That’s exactly what creation of the exchange medium as debt owed to the loaners amounts to.

“Which poisoning is rich nectar for whomever has the fiat to create and own the exchange medium while constantly pulling everyone else directly into poverty, insolvency, bankruptcy and death. (Read, Federal Reserve Bank or any other Rothschild/Warburg/Rockefeller/etc. “bank” operation.)

“These outfits are criminal, the worst criminality in the world, mass murderers by economic deprivation, given the right to destroy everyone else by equally criminal governments.

“Until they are eliminated – I mean eliminated literally – there will be NO ECONOMIC CHANGE, EVER.

“Debt is slavery, pure and simple. When you base your whole economy on debt you make every last citizen a slave to those few having the government fiat, which means the right to create the medium of exchange.

“It is simple logic to anyone with a grade school education that the creation of money should be the first priority of a nation’s government, never a franchise to private entities, private bankers or any other criminal malefactors. How can a nation ever have a level economic “playing field” if a few are allowed to use the exchange medium as their private profit machine?

“Human nature should immediately warn everyone that these privileged few will use their easily and ill gotten profits to benefit their friends and destroy the erstwhile competition of those friends. Simply look around you for all the proof ever needed.

“The difference between honest money for exchanges and “credit” debt can be seen easily as nothing more than the way it is put into circulation.

“Credit” is loaned into existence at usury, few seem aware that the interest on loans, the usury, is NEVER CREATED and therefore IMPOSSIBLE TO REPAY because IT DOESN’T EXIST. The “credit” racketeers cover this up by making constantly larger new loans whereby they roll over the unpaid debt so that even though interest on past loans is repaid the accumulation of it grows constantly in the new loans.

“This is basically the national and private debt owned by the bankers and used as chattel against humanity, property and government forever. Not to mention what is often referred to as “perpetual creeping inflation.”

“Both these enslaving results of DEBT as an exchange medium – ever growing debt totals plus equally ever growing inflation – are DIRECT RESULTS OF THE MEDIUM CREATED AS DEBT, ALL OTHER EXCUSES FOR THE EXISTENCE OF THOSE UNDESIRABLES BEING PURE BULL SHIT. Just as depressions, such as the present one, are purely the result of the people deprived of the needed amount of exchange medium by those banker creators, not one other thing is the cause of a depression.

“Now, if new money is simply spent into circulation by government for essential purposes, there is no cost to anyone for its use. Unlike debt, such money REMAINS in circulation to be used by everyone without anyone forced into debt except by choice.

“Once enough is circulating to cover all exchanges no more should be introduced or taxed out unless the volume changes the ratio. This would result in a constant value of both money and those things exchanged. Prosperity for all.

“Moreover, to get a proper amount circulating in a deficient economy as our present one, money could be GIVEN into circulation in some equitable manner, such as proposed by social credit devotees, at least until a balanced amount for brisk business is circulating.

“There should never be enough circulating to allow for speculation, as mentioned by Tom Edison in his “Muscle Shoals” statements, which should be read and easily understood by all who are interested in a workable economy.

“Until and unless more people of the world educate themselves on money, proper and improper, there will never be a stable economy in the world. The “Austrian school,” so beloved by libertarians, is NOT education, it is BANKER INSPIRED PROPAGANDA to keep the public ignorant of truth about money.


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Tom Valentine (born August 20, 1935, same day as Ron Paul) is a businessman, writer, commentator and radio host with an anti-establishment perspective. He worked with Radio Free America from 1988 to 2004. He tends to align with issues from left and right ends of the political spectrum, as well as libertarianism. His main journalistic interests have been unorthodox health care methods and conspiracy theories. He is a believer in many alternatives as cancer cures, and believes that soy products are unhealthy for human consumption. All of his views are at odds with the mainstream medical community.