Don’t buy anything this Christmas.
Don’t buy anything this Christmas. Especially if you have a pile of credit cards with high interest rates. Why not skip it? Most Americas are basically poor people who live under the illusion that they have some money because of credit cards. Buying something you can’t afford means it is not yours.
Remember my friends there is no middle class your poor put those credit cards away.
If you must buy something buy a copy of “Barren Metal: A History of Capitalism as the Conflict between Labor and Usury by E. Michel Jones.
It is a huge book covering the treacherous Medici family up to the wonderful part when Iceland basically tells all the crooked bankers to get the hell out of their country. By the way Iceland is doing just fine. The real history contained in this massive tome is utterly fascinating.
Professor Jones was once fired from the “Catholic” University of Notre Dame for being against abortion. He is a man not afraid to tell the truth. Jones Is a fantastic writer. He as the ability to pick apart complex subjects and historical events and make them understandable.
Jones explains how we are all just slaves because of the magic power of “compounding interest.”
Because of number money magic were all just slaves.
Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on. This addition of interest to the principal is calledcompounding. A bank account, for example, may have its interest compounded every year: in this case, an account with $1000 initial principal and 20% interest per year would have a balance of $1200 at the end of the first year, $1440 at the end of the second year, $1728 at the end of the third year, and so on.
Usury (/ˈjuːʒəri/) is, today, the practice of making unethical or immoral monetary loans that unfairly enrich the lender. Originally, usury meant interest of any kind. A loan may be considered usurious because of excessive or abusive interest rates or other factors. Historically in Christian societies, and in many Islamic societies today, charging any interest at all can be considered usury. Someone who practices usury can be called a usurer, but a more common term in contemporary English is loan shark.
The term may be used in a moral sense—condemning taking advantage of others’ misfortunes—or in a legal sense where interest rates may be regulated by law. Historically, some cultures (e.g., Christianity in much of Medieval Europe, and Islam in many parts of the world today) have regarded charging any interest for loans as sinful.
As he mentioned in the you tube interview get started on the road to ending debt by reading his book Barren Metal.