Gottfried Feder - Manifesto for the Abolition of Interest-Slavery

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catastrophe and causes infinite misery; I regret being unable to follow this logic. But back to our particular case! Which would be more honest? To speak pharisaically of the unassailability of war-bonds while oppressing the people with an egregious tax-burden? Or, if a finance-minister had the courage to approach the people openly and to declare, “I cannot make the interestpayments on the war-bonds, or I can only if I collect exactly the same amount in taxes from you. “. . . . But back then during the war I absolutely needed money; nothing more clever (see England) occurred to me, and so I did the swindle with the high-interest war-
onds. You must forgive me, beloved folk; it was ultimately all for you, but if we wish to play hide-and-seek no more … I, the state, shall pay no more interest, and you, the taxpayer, need not pay taxes to cover these interest payments…. That thoroughly simplifies our transactions; we avoid the enormous tax-bureaucracy and likewise the enormous interestpaying bureaucracy, thus conserving an immense quantity of money and workpotential.” I have lingered long on exposing this swindle, but I consider it absolutely fundamental here at no point to lose sight of the big picture.
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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
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The avalanche-like growth of loanca
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law of the state, first for the Ger
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from debt in this manner becomes pa
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socially distributed or applied for
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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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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: financial mismanagement have been p
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
Page 125 and 126: 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
Page 135 and 136: 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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