[GJM] #40, Gary North and Bruce Porteous On The Origin Of TWP (The Wrong Policy)

[wesburt at juno.com]

Dear Advocates Of TOP For A Few and TWP For The Rest,

I am much obliged to Gary North and Bruce Porteous
for their timely reminders of why the Bible is still 
our reliable oldest history book.  It teaches the law 
that was customary when; Abraham paid the first 
tithe in B.C. 1913 (the mirror year of Amendment XVI 
to the US Constitution) and Melchedizek, King Of 
Salem, operated a school to "teach the knowledge 
of God," natural law, which like the human beings 
it governs, has not changed to this day.


 Gary has just concluded a six part series on debt 
which may be read at >http://www.lewrockwell.com/north/north-arch.html<. 
The excerpt below from Part 4: 
Government Debt, seems to confirm my reading 
of I Kings 12 that 2982 years have elapsed since 
King Rehoboam rejected the advice of the old men 
and abandoned the laws of Moses in B.C. 975.  
This wrong policy remained in force until the 
French and American Revolutions, but was quickly 
restored in Europe and a century later in the USA. 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Part 4: Government Debt, by Gary North
Snip to 
CONCLUSION
Western industrial countries became enamored 
of government promises in the twentieth century. 
These regimes issued promises to the working 
population. The government promised to tax 
future generations if existing generations would 
just consent to mild taxes today. The result is 
familiar. The outcome is reported in I Kings 12, 
the story of King Rehoboam’s tax increases in Israel.
And he said unto them, What counsel give ye that we may answer this
people, who have spoken to me, saying, Make the yoke which thy father did
put upon us lighter? And the young men that were grown up with him spake
unto him, saying, Thus shalt thou speak unto this people that spake unto
thee, saying, Thy father made our yoke heavy, but make thou it lighter
unto us; thus shalt thou say unto them, My little finger shall be thicker
than my father’s loins. And now whereas my father did lade you with a
heavy yoke, I will add to your yoke: my father hath chastised you with
whips, but I will chastise you with scorpions (1 Kings 12:9–11).
The result was a successful political revolt. The ten 
northern tribes separated from the king’s rule.
Political rulers never seem to learn this lesson. Neither 
do their counsellors. But in today’s world, the victims – 
taxpayers – are also very slow to learn this lesson. 
They wind up stung by scorpions.
There will be a tax revolt at some point. There always is. 
But the damage to the economy between now and then 
will be substantial. The school of hard knocks imposes 
high tuition.

May 17, 2007 
Gary North [garynorth at garynorth.com] is the author 
of Mises on Money. Visit http://www.garynorth.com. 
He is also the author of a free 19-volume series, 
An Economic Commentary on the Bible. 
Copyright © 2007 LewRockwell.com 
~~~~~~~~~~~~~~~~~ End Gary North ~~~~~~~~~~~~~~~~~ 
In the excerpt below  Bruce Porteous reminds us that the USA 
was founded as an agrarian society.  The founding Fathers 
traveled at the same speed and communicated over the same 
distances as Abraham and Melchedizek.  We should not be 
surprised that the founders focused on the distribution of land 
and universal education funded by a public revenue, the only 
source of debt free and interest free money in every age.   The 
task still ahead of us is to extend the biblical solution for an 
agrarian society to meet the requirements of our industrial 
society: following the teaching of Thomas Paine, Louis Blanc, 
Henry Carter Adams, Pope Leo XIII, Bertrand Russell, C. H. 
Douglas, and many others who, still living, remain silent. 

From: "Bruce - Xtra" bruceport at xtra.co.nz
To: "Bruce - Xtra" bruceport at xtra.co.nz
Date: Sat, 19 May 2007 17:56:14 +1200
Subject: REASONS FOR THE CURRENT HOME LENDING CRISIS
Snip to conclusion:

"Many of our problems today stem from our economies following 
false theories promoted by economists, rather than following the 
economic laws that have been given to manage our economies 
in the Bible. If these economic laws were followed our economies 
would now be debt free and prosperous.  Following these laws 
would result in:: 
Land distributed evenly amongst the population, and retained 
in the ownership of individual families. Land may not be bought 
and sold, or used as collateral for debt. 
All debts be written off every 7 years, preventing the financially 
institutions exploiting the population. 
The charging of interest banned within a domestic economy, 
eliminating the costs of debt servicing. 
If through mis-fortunate families were to lose title to their land, 
it will be returned to the family ownership every 50 years, or 
the Jubilee Year.  
If these basic economic laws were followed, our society would become 
extremely wealthy and productive.  Here are just some of the benefits. 
The population would have the security of home ownership with 
sufficient land for families to be self-sufficient. 
Young families would not be burdened from excessive borrowing 
to establish a home – they would only have to raise the finance to 
build a house, without the cost of purchasing the land. 
Capital could be invested as equity in productive enterprises, 
rather than exploiting others from interest earned on deposits 
held in an unproductive banking system. 
Equity investment would eliminate the need for the parasitic 
banking system being able to rob the people of their wealth. 
It will allow for more equal distribution of wealth – preventing 
wealthy financers to exploit the majority of the population. 
Agriculture production management would be sustainable, 
practicing permaculture methods, and not burdened with debt-
servicing costs. 
Rather than borrowing from foreigners, we could lend to them, 
earning income from investments in other countries.  
There must be a totally new approach in the way our economies are 
managed, before the environment is destroyed, and life will no longer 
be habitable on this planet.  There needs to be an alternative economic 
model that will reward those who work hard and with diligence, allow 
financiers who produce nothing towards creating national wealth, but 
rather enslaving  people into bondage through high interest rates, 
debt and finance fees there would no longer be a need if we followed 
the Biblical economic laws.  It is only then that we will have true 
prosperity and financial freedom.
 Bruce Porteous
bruceport at xtra.co.nz
28 April, 2007
 References.
Leviticus 25-27    (Sabbatic year and jubilee year, all the tithe of
land, 
                                  tree, and beast)
Deuteronomy 23:19-20    (Usury for strangers not for your brothers)
Deuteronomy 28      (Observe and  do all of his commandments)
Exodus 22:25     (No usury on my people)
 ~~~~~~~~~~~~~~~~~~~ End Bruce Porteous ~~~~~~~~~~~~~~~~~~~
A brief excerpt from C. H. Douglas will introduce figure 
17i, Households, and the obstacles to a serious 
discussion of what needs to be added to US public 
policy to make our investment in human development; 
adequate, debt free, and interest free.
Warning of Democracy, Third Edition – 1935,  C. H. Douglas
Page 5 of 135
In a smaller number of cases, but still quite numerous, 
one's criticism of the existing money system, and the 
suggestion that it could be improved, provokes the 
most furious resentment, akin to the resentment roused 
by religious heresy in the Middle Ages.
~~~~~~~~ End C. H. Douglas ~~~~~~~~~~


The only serious systemic defect in the US economy 
is the 50% capitalization of the expense of human 
development, as illustrated in the above Figure 17i, 
Households.  The US private sector works like a 
charm and produces everything for which there is 
an effective demand. The US banking system does 
its best to supply funds for the speculators and to 
compensate for the under capitalized public sector, 
so there is no need to discuss corporations and banks.  

If your mail service deleted the chart, let me know 
and I'll send it as an attached file. 

Kind regards,

Wes Burt

               TOP and TWP are cognoscible on
             Dr. W. Curtiss Priest's web site at:
       <http://www.epie.org/cyber-soc/default.htm>
                 TOP is GOOD --- TWP is EVIL
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