Gottfried Feder - Manifesto for the Abolition of Interest-Slavery

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Implementation and Rationale 1. Because of failed promises of the German Revolution of 1918 the people are tending more and more toward Bolshevism. 2. The German folk are sick with Mammonism. 3. Mammonism derives its power from interest on loans. 4. The way to cure Mammonism is by abolishing interest on loans, especially war-bonds. 5. The vast majority of Germans holding war-bonds really lose money because of them, because they have to pay taxes to cover the interest payments; only the largest
holders of war-bonds have a net profit from them. 6. Germany’s real wealth consists not in any material assets but in the productivity of the German people. 7. If the obligation to pay interest on public debt were ended, the Bavarian state could abolish all direct and indirect taxes and fund itself entirely on the revenues from state-owned industries. 8. Interest-payments are the reason why the state cannot do without taxes; those receiving the largest sums of interest pay relatively little in taxes. The Reich is financially in a much worse
Page 2 and 3: The Manifesto for the Abolition of
Page 4 and 5: New Translation Published 2012 by M
Page 6 and 7: and it worked better than anyone pr
Page 8 and 9: This was rank heresy in the eyes of
Page 10 and 11: lies in a nation’s power of produ
Page 12 and 13: obligations and zero prospects for
Page 16 and 17: situation than the federal states.
Page 18 and 19: Rather than simply declare war-bond
Page 20 and 21: Democratic government, as a moderat
Page 22 and 23: Manifesto for the Abolition of Ensl
Page 24 and 25: oriented conception of life that ha
Page 26 and 27: The abolition of enslavement to int
Page 28 and 29: The avalanche-like growth of loanca
Page 30 and 31: law of the state, first for the Ger
Page 32 and 33: from debt in this manner becomes pa
Page 34 and 35: socially distributed or applied for
Page 36 and 37: supramundane power to grow of itsel
Page 38 and 39: chains of the supragovernmental mon
Page 40 and 41: How did all the fine promises run d
Page 42 and 43: course, if international speculator
Page 44 and 45: Mammonism is the sinister, invisibl
Page 46 and 47: the community, toward all humanity,
Page 48 and 49: Mammonism that wanted to know only
Page 50 and 51: addition of labor, has caused the g
Page 52 and 53: in our time. Never has Mammonism be
Page 54 and 55: against this senseless overturning,
Page 56 and 57: problems of the largest importance,
Page 58 and 59: magnitude of 20:1 to 12:1. The thir
Page 60 and 61: how the penny invested at the time
Page 62 and 63: year 1935 would be 80 billion, in 1
Page 64 and 65:
on behalf of the Egyptian governmen
Page 67 and 68:
The two curves drawn in bold lines
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sooner or later the decline ensues.
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enslavement to interest on money. T
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the acknowledged ratio of 300 to 38
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only deceived ourselves in the most
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the mass of all hard-working people
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interest, interest is the noli me t
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pump and sucked up the billions, an
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state bankruptcy will melt away fro
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financial mismanagement have been p
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onds. You must forgive me, beloved
Page 89 and 90:
For this there is first need of a c
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municipal properties are included,
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orders of magnitude that have no re
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ehind them stands only and solely t
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40 million; indirect taxes, 53 mill
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gone: a total of 125 million. The d
Page 101 and 102:
all simple foodstuffs and necessiti
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Our view broadens. We see virgin la
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taxes must be raised, which are div
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needs. It should not be denied that
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way in again. Here too it requires
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* * * * * I hope now through the ma
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Naturally the situation seems to be
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must be arranged through the develo
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Furthermore, let it also be noted h
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all for the sake of their children
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the depots; but no young people get
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instead.] * * * * * The cancellatio
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enslavement to interest has not the
Page 127 and 128:
year 332 B.C. abruptly forbade Roma
Page 129 and 130:
investigate in each instance what e
Page 131 and 132:
continuation of enslavement to inte
Page 133 and 134:
concept has for the first time caus
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should even houses and huts, railro
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in its totality restrain itself fro
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to the role appropriate to it, to b
Page 141:
consciously or instinctively to con
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unfortunate side-effects, as if in
Page 146 and 147:
feel too weak compared to foreign c
Page 148 and 149:
onds, and the accompanying opportun
Page 150 and 151:
Special Comments on the Demand for
Page 152 and 153:
as before, to pay the amount that h
Page 154 and 155:
marks. Against that is recorded a m
Page 156 and 157:
given the emphasis that Feder puts
Page 158 and 159:
age of the house, increased from 10
Page 160 and 161:
On § 4 and 5 These paragraphs dema
Page 162 and 163:
credit. We also demand, in and for
Page 164 and 165:
magnitude as in Prussia and Bavaria
Page 166 and 167:
industrial works toward those that
Page 168 and 169:
addition of interest; rather the in
Page 170 and 171:
e improved. But even this improveme
Page 172 and 173:
The most frequent objection is the
Page 174 and 175:
misdirection after thorough reading
Page 176 and 177:
The capitalists then will just take
Page 178 and 179:
scholarship, in short to make benef
Page 180 and 181:
the old bureaucratic state, but so
Page 182 and 183:
only from interest-payments on loan
Page 184 and 185:
it is the laborer more than anyone
Page 186 and 187:
national economy will be liberated
Page 188 and 189:
What does “obligations” mean? I
Page 190 and 191:
Financial officials and banking pro
Page 192 and 193:
their hands. At first the folk imag
Page 194 and 195:
world. I confess that I myself was
Page 196 and 197:
The Spartacist says: The whole idea
Page 198 and 199:
interest-slavery. But if, at the bo
Page 200 and 201:
savings away from you in the name o
Page 202 and 203:
exact answer to your question will
Page 204 and 205:
of all working people in general, i
Page 206 and 207:
as exploiters and bloodsuckers of t
Page 208 and 209:
occurred. The worst thing however w
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work, production; for without produ
Page 212 and 213:
the peace of mutual understanding,
Page 214 and 215:
And reaction?! The swept-away, rott
Page 216 and 217:
I repeat: the enormous fundamental
Page 218 and 219:
itself, rather only to allude to bi
Page 220 and 221:
Even so, we must inquire what the m
Page 222 and 223:
economic views as e.g. wastefulness
Page 224 and 225:
utterly unfruitful? Has it not also
Page 226 and 227:
themselves into enormity - and mone
Page 228 and 229:
shared, therefore social, industrio
Page 230 and 231:
first time ever for the social stat
Page 232 and 233:
on the broadest basis, and next to
Page 234 and 235:
for which people are only interests
Page 236 and 237:
Publisher’s Afterword While repet
Page 238 and 239:
unemployment, and the big bank "bai
Page 240:
think more than ever about immediat
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Gottfried Feder - Manifesto for the Abolition of Interest-Slavery

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