“Forgive us our debts, indeed.”
Pope Francis has proposed a re-write of the English language version of the “Lord’s Prayer.” The words “Lead us not into temptation” will be revised as a poor translation and contrary to the nature of a God who does not lead us into temptation. We get there all on our own, thank you very much.
But inasmuch as the Pope has opened a discussion, I have a suggestion.
The familiar words in the prayer of most Christian churches, “Forgive us our trespasses, as we forgive those who trespass against us” are not the words of Christ as recorded in the Gospel of Matthew. They were, “And forgive us our debts, as we also have forgiven our debtors,” and should be revised accordingly.
Christ and his listeners were well familiar with the “boom and bust” cycle of the economy of the ancient Middle East. But they had a memory of a time before the busts led to widespread poverty for the 99% of that day.
Money was issued by either the Temple or the Court (centers of religious and civil authority) and loaned to the people, mostly farmers. Debt built up. Owing to the vagaries of farming, the debt got so high that farmers were pushed off their land into poverty. Suppliers, carpenters like Christ and his father Joseph suffered in the bust. Civil unrest threatened.
In those earlier times, when that happened the Temple or Court stepped in and declared debts forgiven: the year of the “Jubilee.” It was in some places institutionalized on a seven year basis.
Christ was arguing for the restoration of the justice of an earlier time. But the idea of debt forgiveness was anathema to the money men and mercantilists of old Europe that pioneered modern capitalism. Christ’s words were edited. “Debt” became “trespasses.”
Not much has changed over the centuries. The cycle of boom and bust continues. Except now, debt is never extinguished – except for the banksters who get bailed out.
There is still both a Temple and a Court controlling American money. The Temple – the Federal Reserve – decides how much money to put in circulation and its cost. The Court – the Congress of the United States – now has only the limited function of collecting taxes to pay for the principal and interest on the money the Fed borrows.
It is a simple scheme, a thing of beauty if you’re one of the parasites in pinstripes who set it up. It works like this.
Instead of the U.S. Treasury creating our money, as the Constitution stipulates, the job was outsourced by Congress in a “public private partnership” to the bankster owned Federal Reserve. The Fed uses the “full faith and credit of the United States” (no gold or silver) to back bonds it sells to the banksters, at interest. The credit raised goes to the Treasury to pay the bills, along with the obligation to repay the bonds at interest. That is the national debt.
Americans today live in virtual debt servitude to the global cabal of parasites in pinstripes. The middle class is an endangered species. In places like Greece, it is virtually extinct.
There is an alternative, urged by Jefferson and others and employed by Lincoln in the Civil War to by-pass the banksters’ cartel. It is to do as the Constitution stipulates and issue American money directly from the Treasury at low or no interest. This cuts out the Fed and bankster middlemen.
Think this through. Local and state governments, school districts and authorities nationwide have at least $1 trillion of debt, borne by taxpayers. An estimated $3 trillion dollars is needed for job creating, economy expanding infrastructure.
We can “refinance” debt at interest as is proposed in Pennsylvania today, robbing Peter to pay Paul and diverting revenue from the general fund to debt service. We can raise taxes and fees on everything, and we can borrow for infrastructure at interest in more “public private partnerships” of the kind proposed by President Trump – and pay back almost twice the amount borrowed.
Or, we can loan the money to ourselves from our Treasury, to local and state governments and agencies, pay off existing debt, fund infrastructure, and pay it back to ourselves at low or no interest over decades: a cost easily absorbed in the growing prosperity of the nation.
Americans can finally escape the “Web of Debt” spun by the money changers down at the Temple. Forgive us our debts, indeed.