Gottfried Feder - Manifesto for the Abolition of Interest-Slavery

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Kautsky), and even the current socialist leaders, spare the interests of loancapital as if on command. The sanctity of interest is taboo; interest is the holy of holies; no one has yet dared to call it into question. While property, nobility, security of person and possessions, the laws of the Crown, privileges and religious conviction, honor of officers, fatherland, and freedom are more or less outlawed, interest is holy and unassailable. Confiscation of wealth and socialization, thus outright violations of the law that are only somewhat sugarcoated, insofar as they are committed ostensibly in the name of the totality of individuals, are the order of the day: all of that is permitted, but
interest, interest is the noli me tangere, the “touchmenot.” The interest payment on the Reich's debt is the alpha and omega of the state budget. Its gigantic weight drags the ship of state into the abyss and yet … it is all a big swindle ... a monstrous selfdeception, fostered only and solely for the benefit of the great money-powers. Here I would like to touch briefly now upon the objections relating to small pensioners, to be discussed later, so that one does not get hung up thinking about them. In the consideration of the very big questions these are not considered, but it goes without saying that these
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The Manifesto for the Abolition of
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New Translation Published 2012 by M
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and it worked better than anyone pr
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This was rank heresy in the eyes of
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lies in a nation’s power of produ
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obligations and zero prospects for
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Implementation and Rationale 1. Bec
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situation than the federal states.
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Rather than simply declare war-bond
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Democratic government, as a moderat
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Manifesto for the Abolition of Ensl
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oriented conception of life that ha
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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
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
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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
Page 91 and 92: municipal properties are included,
Page 93 and 94: orders of magnitude that have no re
Page 95 and 96: 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
Page 103 and 104: Our view broadens. We see virgin la
Page 105 and 106: taxes must be raised, which are div
Page 107 and 108: needs. It should not be denied that
Page 109 and 110: way in again. Here too it requires
Page 111 and 112: * * * * * I hope now through the ma
Page 113 and 114: Naturally the situation seems to be
Page 115 and 116: must be arranged through the develo
Page 117 and 118: Furthermore, let it also be noted h
Page 119 and 120: all for the sake of their children
Page 121 and 122: the depots; but no young people get
Page 123 and 124: instead.] * * * * * The cancellatio
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Page 127 and 128: year 332 B.C. abruptly forbade Roma
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investigate in each instance what e
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continuation of enslavement to inte
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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
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feel too weak compared to foreign c
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onds, and the accompanying opportun
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Special Comments on the Demand for
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as before, to pay the amount that h
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marks. Against that is recorded a m
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given the emphasis that Feder puts
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age of the house, increased from 10
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On § 4 and 5 These paragraphs dema
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credit. We also demand, in and for
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magnitude as in Prussia and Bavaria
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industrial works toward those that
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addition of interest; rather the in
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e improved. But even this improveme
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The most frequent objection is the
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misdirection after thorough reading
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The capitalists then will just take
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scholarship, in short to make benef
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the old bureaucratic state, but so
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only from interest-payments on loan
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it is the laborer more than anyone
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national economy will be liberated
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What does “obligations” mean? I
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Financial officials and banking pro
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their hands. At first the folk imag
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world. I confess that I myself was
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The Spartacist says: The whole idea
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interest-slavery. But if, at the bo
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savings away from you in the name o
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exact answer to your question will
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of all working people in general, i
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as exploiters and bloodsuckers of t
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occurred. The worst thing however w
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work, production; for without produ
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the peace of mutual understanding,
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And reaction?! The swept-away, rott
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I repeat: the enormous fundamental
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itself, rather only to allude to bi
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Even so, we must inquire what the m
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economic views as e.g. wastefulness
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utterly unfruitful? Has it not also
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themselves into enormity - and mone
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shared, therefore social, industrio
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first time ever for the social stat
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on the broadest basis, and next to
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for which people are only interests
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Publisher’s Afterword While repet
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unemployment, and the big bank "bai
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think more than ever about immediat
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Gottfried Feder - Manifesto for the Abolition of Interest-Slavery

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