Gottfried Feder - Manifesto for the Abolition of Interest-Slavery

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law of the state, first for the German peoples, then as a fundamental law for all those kindred peoples that wish to enter with us into the cultural community of a league of nations, the following: § 1. War-bonds, along with all other debt-instruments of the German Reich, along with all other debt-instruments of the German federal states, especially railroad-bonds, as well as debenture-bonds of all local governments, are declared, under cancellation of the obligation for interest, to be legal tender for the face-value [or rather are to be converted into bank-credit].
§ 2. With all other fixed-interest papers, covered bonds, industrial bonds, mortgages, etc., the obligation for interest is replaced by the obligation to repay the principal; thus after 20 or 25 years, depending on the interestrate, the lent capital is repaid and the debt retired. § 3. All real-estate debts, mortgages, etc., are to be paid off on installments of the same amount as the payments required hitherto, in keeping with the charges recorded in the land-register. The property in houses and land freed
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 14 and 15: Implementation and Rationale 1. Bec
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 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
Page 69 and 70: sooner or later the decline ensues.
Page 71 and 72: enslavement to interest on money. T
Page 73 and 74: the acknowledged ratio of 300 to 38
Page 75 and 76: only deceived ourselves in the most
Page 77 and 78: the mass of all hard-working people
Page 79 and 80: interest, interest is the noli me t
Page 81 and 82:
pump and sucked up the billions, an
Page 83 and 84:
state bankruptcy will melt away fro
Page 85 and 86:
financial mismanagement have been p
Page 87 and 88:
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
Page 97 and 98:
40 million; indirect taxes, 53 mill
Page 99 and 100:
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
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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
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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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