Volume 12, Number 4 December 4, 2008
Usury:The weapon of mass enslavement
By Dr. Ridgely Abdul Mu’min
As we continue to watch the drama of this financial crisis unfold before our eyes, many may wonder if anybody knows what is going on. A study of history may help us understand how we got into this situation and how we may fall victim again as long we are dependent on the international bankers to run our financial system.
In the early 1920s Henry Ford brought to America’s attention a plan for world domination in a four volume set of booklets published by him called "The International Jew". In these booklets Ford quoted from a document or manual called "The Protocols of the Elders of Zion". This document was first published in a Russian newspaper in 1903 and a portion of protocol number 6 reads: "It is essential therefore for us at whatever cost to deprive them of their land. …This object will be best attained by increasing the burdens upon landed property – in loading lands with debt…we want is that industry should drain off from the land both labor and capital and by means of speculation transfer into our hands all the money of the world."
No one has stepped forward as the "Elders of Zion" and owned up to the document, however we must look at history and see if "someone" has actually put such a plan in motion. We also notice that this protocol is in line with the commandments given in the Bible to Jacob’s children to use debt as a weapon to take over land of other nations. Let’s read Deut. 23:20; "Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the Lord thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it." And Deut. 15:6 "For the Lord thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee."
By definition, lending money with any level of interest charge for its use is usury. Therefore these scriptures are a command to lend money out to "strangers" (foreigners), charge them interest and make them put up their land for collateral. If the borrower can not pay then he becomes the slave to the lender: Prov. 22:7 "The rich ruleth over the poor, and the borrower is servant to the lender."
Even in the time of Pharaoh, according to the Bible, the Egyptians were taken off their land and enslaved by one of Jacob’s children, Joseph: Genesis 47:20-23
"20 And Joseph bought all the land of Egypt for Pharaoh; for the Egyptians sold every man his field, because the famine prevailed over them, so the land became Pharaoh’s.
21 And as for the people, he removed them to cities from one end of the borders of Egypt even to the other end thereof.
22 Only the land of the priests bought he not; for the priests had a portion assigned them by Pharaoh, and did eat their portion which Pharaoh gave them; wherefore they sold not their lands.
23 Then Joseph said unto the people, Behold, I have bought you this day and your land for Pharaoh; lo, here is seed for you, and ye shall sow the land."
This policy of depriving the people of their land by loading the land with debt, then herding the people into cities, has been successfully carried out in modern times, first to the Black people after slavery and finally to the American people in general. From 1865 to 1910 Blacks had risen from slavery, where they owned nothing, to acquiring over 16 million acres of land, mostly in the South. To stem this tide, white merchants loaned seed and supplies at high interest rates (usury) to freed Blacks. Land was held as collateral and payments were accepted in cotton only. Black farmers were therefore forced to grow cotton to pay off their debts and had to reduce the production of food for themselves and the growing black economy developing in small towns and cities in the South. Increased debt loads plus a rash of lynching over the 30 year period from 1890 to 1920 effectively drove millions of Blacks off of their land in the South into the ghettoes of the North to work for the northern industrialists.
However, the Whites who took over the land needed labor which they no longer had or could depend on. They were encouraged by the government to purchase labor saving equipment and chemicals, but had to borrow money to move into this new industrialized agriculture. They were also encouraged to borrow money to buy more land so they could more efficiently utilize the new technologies developed. This depopulation of the countryside was not happening fast enough. So, in 1962 the Committee for Economic Development produced what they called "An Adaptive Approach" in which they stated: "Net migration out of agriculture has been going on for 40 years, and at a rapid rate. Nevertheless, the movement of people from agriculture has not been fast enough..." This "adaptive approach" recommended that "agricultural prices be substantially lowered". Now the farmers were to receive less money for their products while trying to service the debt on their equipment and land.
Urban America paid little attention to the black farmers in the South or the white farmers in the Midwest as they cried out for help. However, as the farm land was being loaded with debt and the children of farmers were being herded into the cities, policies were put in place to carry urban America down to financial ruin by the same international bankers of whom Henry Ford warned.
In 1913 the US government gave over its right to print money to 12 private banks called the "Federal Reserve System". Now these banks simply print money, lend it to the government and other banks at interest. This paper money is not backed by any tangible asset, not gold, not silver, nothing but "confidence". After the Fed creates this money the first time, they loan it to other banks who immediately file this "loan" as a deposit and through the ‘net capital rule’ or ‘fractional-reserve banking’ scheme are able to loan out at first 4, then later 15, but after 1999, 30 times the value of their deposits held in reserve.
Banks and other financial institutions are allowed to lend money, that they create out of thin air, then charge compound interest with a demand of real collateral (real estate) from the borrower. And since outstanding loans are counted as assets on the accounting books of the banks, the stage was set for the explosion of the level of financial "assets" and the fueling of the housing bubble of the late 20th century and early 21st century.
The money lenders went to the colleges and gave out credit cards, addicting "Generation X" to buying everything on credit. At the end of the 20th century predatory lenders tricked older people into mortgaging the equity in their homes to buy consumer goods. The result, by 2007 the private debt in the US had risen to $41.5 trillion and government debt to $11.4 trillion.
The investment bankers got the working class to invest their retirement money in the stock market only to see their wealth destroyed by 50% in 2008 alone. Over the last seven years it is estimated that Americans have lost $13 trillion in personal wealth, greatly increasing their debt to asset ratio.
The Commodity Futures Modernization Act of 2000 allowed energy traders, including financial giants, Goldman Sacks and Morgan Stanley, to set up energy exchanges operating outside of any government regulations that could prevent excessive speculation. Since 2002 oil price speculation by these same financial giants tripled the price of gasoline to the commuters who depended on their vehicles to get to work and the truckers who had to burn fuel to make a living. The resulting reduction in disposable income decreased consumer spending on other goods, dragged down the economy, deflated housing values in the suburbs, leading to mortgage defaults which precipitated the crisis in financial markets
In other words, the money lenders put a rope of debt around everybody’s neck then in 2008 kicked the chair from beneath the credit system. The money lenders are now banging on the door of the Treasury Department demanding their "pound of flesh" before they will allow their financial system to stabilize. However, it may be a lot tougher for this financial system, run by the international bankers, to re-establish "confidence" among money lenders because they broke the commandment of Deut. 23:20 and began to cheat each other and not just the "strangers".
Henry Ford was not the first one to expose and attack the plans of the international bankers. 2000 years ago a man was born in Palestine named Isa, the Messiah, Son of Mary. However, he was not accepted by his own Jewish nation as their Messiah. In fact he was turned over to the Roman authorities at that time to be crucified. What did Isa (called Jesus today) do that so embittered some of his fellow Jews towards him? According to Mathew 21:12 "And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of those that sold doves,…"
Now a moneychanger is not just a merchant but a person who exchanges money, as from one currency to another. This trade of money changing grew into the modern banking system of Europe.
Therefore Jesus (Isa) was interfering with the "family business" by going against the Old Testament commandments given to the Children of Jacob to loan money to foreign countries upon usury which would eventually give the international bankers, superiority over the majority and make the people a slave to the banking system. Let me give you an example. $100 loaned at 6% compound interest for 100 years grows into the astronomical sum of $35,000. The present banking system has been in business for centuries lending money at interest thereby accumulating the wealth of nations in their vaults.
The holy book of the Muslims, the Holy Qur’an strictly forbids all forms of usury and the early Christian Church, following the example of Jesus, also forbade usury until John Calvin, a Protestant reformer, defended usury in the 1500s. Now you may have a better understanding of why the international bankers hate Islam and why the Muslims have always loved Jesus (Isa, the Messiah, Son of Mary).
The collapse of this highly leveraged system of legalized usury should give us an opportunity to explore systems of banking without interest in other parts of the world and develop a financial system that invests to empower the people, instead of loaning to enslave the people. In the meantime while the dollar still has some value we should use those dollars to buy tangible productive assets, like land and equipment, and not intangible financial instruments which we do not understand and cannot trust. We offer to you the Three Year Economic Savings Program as a tool to help us do for ourselves and develop a new economic paradigm based on the teachings of the Honorable Elijah Muhammad under the leadership of the Honorable Minister Louis Farrakhan.