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Ezra Pound, Social Credit: An Impact - 1935

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- Ezra Pound, Social Credit: An Impact - 1935

The state has credit. Distribution is effected by little pieces of paper. The best facts of history are not in the school books. The job
of this generation is to teach growing children; to make it impossible
for any child to arrive at the threshold of manhood, ignorant as my
generation arrived there.

The state has credit.
Distribution is effected by little pieces of paper.
If you don’t WATCH these, you will be slaves. If you don’t know how
they are made, who makes them, who controls them, you will be diddled
out of your livings, as millions of dead men have been diddled, and as
millions of live ones are being.
The sword can “protect the
furrow”…….etc……. against foreign invasion, but not against the usurer’s
cunning. Against usury it has availed never at all.
Usury and sodomy, the Church condemned as a pair, to one hell, the same
for one reason, namely that they are both against natural increase.

Dante knew this and said it. It is registered in the Merchant of
Venice, where Shylock wants no more shinbone or elbow, but wants to end
Antonio’s natural increase
. You can find it in Lombard Chronicles, the
laws against making eunuchs.
Van Buren’s memoirs, the records of the American bank war, the death
struggle between the bank and the people, were written in 1861, and
never got printed till 1920.

The knowledge of true coining, the principles of honest issue of money
have been known, over and over again, and forgotten. It is our
generation’s job so to hammer a few simple truths into the human
consciousness that no Meyer Anselm can efface them.

Certain facts must stand in the common tongue. These root facts must
go to the PEOPLE, they must go into the one everlasting repository, the
MIND of the people. They must go into the folk-lore, into men’s
The necessities of mankind are now cheap. Effort can be unbounded only
in dimension of quality. In that road there is room enough for all
discipline. No man has outdistanced Homer.
But for everything that is not great art, participant in that form of
undyingness, for all that is used and used up, all that is worn, worn
out, dwelt in, we must know the new cheapness, we must now that its cost
in effort, in toil, in sweat, in difficulty, has dwindled, and
We must let no man cozen us out of this knowledge.
“And all this costs the Khan nothing,” said Marco Polo of Kublai Khan’s
stamped paper money.

Peter Simple prints touching poems about the poor old soldier,
neglected, dank, cold in the gutter…… for want (Peter doesn’t quite
say), of a few pieces of PAPER.
The English are degrading their empire, murdering their home population
for the sake of a fixed idea as to the nature of money.

The American New Deal to date (December 1934- January 1935) has shown no
comprehension of fundamentals, no perception of the basic relations of
currency system, money system, credit system to the need and purchasing
power of the wh*** people.

Coffee in France, gone to hell; coffee offered free by Brazil – too
expensive for the poor in Vienna. Wallace ploughing grain under;
Perkins too bull-witted to know that work is not a commodity.
Work is not a commodity.
Money is not a commodity.
The people of two populous countries tolerate rulers too whey-headed to
understand or say this.

Views: 159

Comment by Bongumusa on April 3, 2010 at 4:43pm
Social credit may raise too many questions. If the public depends on credits we will all be listed on the Credit Bureau because of financial debts. I agree with those who are talking about the Electronic Funds Transfer because we need efficience and easy to process methods of money circulations, with less risks. I am so happy with your arguements,


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