Federation for the Abolition of Interest Slavery - Gottfried Feder 1921

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Jun 5, 2012, 1:50:47 PM6/5/12
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Only by abolishing interest slavery can Germany achieve reconciliation
in a nation torn by class conflict.
It can be achieved only by putting an end to the unearned income that
is derived from the possession of money.
Our greatest social task is the abolition of interest slavery.
This responsibility to abolish interest slavery towers above all other
issues of the day.
It is the only solution to the greatest problem of our time.



Gottfried Feder

Presented in Public Debate in Wagner Hall, Munich,

11 April 1921

The German Federation for the Abolition of Interest Slavery,
hereinafter called “The Federation,” demands the following:

1) We demand the nationwide discontinuation of interest payments,
which is nothing more than robbery of the nation on behalf of global
finance.

2) Specifically we demand revocation of the privilege given a certain
private corporation, namely the Reichsbank, to print money anywhere in
the country.
This revocation should be accomplished through the nationalization of
the Reichsbank.

(3) We demand nationalization of all those banks that no longer
perform their valid socioeconomic task of facilitating the
circulation, movement and transfer of money.
Those banks have ruthlessly taken command of our economic life. They
are extorting tribute from the productive sector of our economy in the
form of ever-increasing interest.

4) We demand adequate compensation for the devaluation of savings on
behalf of small pensioners.The devaluation that resulted from the
government’s finance and tax policies has ruined everyone.

5) We demand specifically that the economic independence and future of
Bavaria not be jeopardized by the assignment of our priceless natural
resource, waterpower, to private finance capital.

6) We demand that the State undertake the development of water
resources by utilizing our own labor resources.The State should create
the necessary monetary instruments through its own financial
authority.These instruments will be covered by income from the power
plants that are built.

7) We demand that the State use its national assets and taxing power
for productive undertakings, not to provide necessary collateral for
borrowing money.

8) We demand restrictions on the raising of capital by
corporations.Joint stock corporations should use their profits to
increase their productive capacity and nothing else.They should not be
allowed to pay unprecedented dividends while at the same time assuming
unprecedented debt.These massive amounts of new (borrowed) money
represent more debt, demanding additional interest that can only lead
to increased inflation

10) The Federation rejects the imputation that its demands are
“utopian” and “designed to spread unrest among the people.”

The recovery of our national economy can be achieved only by
discontinuing national debt service, is vitally important for
everyone.
Therefore, it is not “utopian.”

Whatever public unrest exists is created by the opponents of economic
recovery and by no one else.

It is true that individual selfish interests will harmed here and
there, but discontinuation of interest payments is a necessary act
that can no more be avoided than can a life-saving operation be
avoided on account of the associated discomfort.

The Federation insists that the national economic crisis demands a
solution!

The havoc wreaked by our financial policies is affecting the entire
nation!

These failed policies aggravate all our social problems.

At present, our government cannot satisfy the private need for
credit.

An effective program would entail a complete abolition of interest,
for which there is historical precedent.

At present, interest rates are left to the unrestricted demand of the
lenders.

A solution to the present crisis can be found only by requiring the
lender to share risk as well as profit.The lender should not receive a
blanket guarantee on investment plus other ever-increasing charges
plus the constant unearned growth of wealth through fixed interest.

The Federation proposes the liberation of all Western nations from
their stupendous indebtedness.The abolition of interest slavery is the
necessary prerequisite for the solution of ever country’s crisis, not
just Germany’s crisis.We have proposed a plan to end the titanic
struggle now raging between Labor and Capital in favor of the freedom
to work and produce.Our plan shows how to accomplish this without
undermining the acquisition of wealth through individual effort,
industriousness and intellectual achievement.

Only by abolishing interest slavery can Germany achieve reconciliation
in a nation torn by class conflict.
It can be achieved only by putting an end to the unearned income that
is derived from the possession of money.
Our greatest social task is the abolition of interest slavery.
This responsibility to abolish interest slavery towers above all other
issues of the day.
It is the only solution to the greatest problem of our time.

The abolition of interest slavery will deliver us from global
Capitalist domination.
It will accomplish this while avoiding both Communist destruction of
the human spirit and Capitalist degradation of labor.
The abolition of interest slavery opens the way to a truly social
economy, by liberating us from the overwhelming domination of money.
It opens the way to a state based on creative work and
genuine accomplishment



"Our greatest social task is the abolition of interest slavery. This
responsibility to abolish interest slavery towers above all other
issues of the day. It is the only solution to the greatest problem of
our time."


We demand that the State shall make it its first duty to promote the
industry and livelihood of the citizens of the State. If it is not
possible to nourish the entire population of the State, foreign
national (non-citizens of the State) must be excluded from the Reich.

We Demand Therefore: Abolition of incomes unearned by work. BREAKING
OF THE THRALDOM OF INTEREST.

In view of the enormous sacrifice of life and property demanded of a
nation by every war, personal enrichment through war must be regarded
as a crime against the nation. We demand,therefore, the total
confiscation of all war profits.

We demand a land reform suitable to our national requirements,the
passing of a law for the confiscation without compensation of land for
communal purposes, the abolition of interest on land mortgages, and
prohibition of all speculation in land. [On April 13, 1928, Adolf
Hitler made the following elucidation to the program: ... Since the
NSDAP is fundamentally based on the principle of private property, it
is obvious that the expression "confiscation without compensation"
refers merely to the creation of possible legal means of confiscating
when necessary, land illegally acquired, or not administered in
accordance with the national welfare. It is therefore directed in the
first instance against the Jewish companies which speculate in land.

We demand ruthless war upon all those whose activities are injurious
to the common interest. Sordid criminals against the nation, usurers,
profiteers, etc., must be punished with death, whatever their creed or
race.

We demand that the Roman law, which serves the materialistic world
order, shall be replaced by a common law.


The State must apply itself to raising the standard of health in the
nation by protecting mothers and infants, prohibiting child labor, and
increasing bodily efficiency by legally obligatory gymnastics and
sports, and by extensive support of clubs engaged in the physical
training of the young.

21. We demand the abolition of mercenary troops and the formation of a
national army.

23. We demand legal warfare against conscious political lies and their
dissemination in the press. In order to facilitate the
creation of a German national press we demand that: (a) all editors,
and their co-workers, of newspapers employing the German
language must be members of the nation; (b) special permission from
the State shall be necessary before non-German newspapers may appear
(these need not necessarily be printed in the German language); ( c )
non-Germans shall be prohibited by law from
participating financially in or influencing German newspapers, and the
penalty for contravention of the shall be suppression of any
such newspaper, and immediate deportation of the non-German involved
It must be forbidden to publish newspapers which are
damaging to the national welfare. We demand the legal prosecution of
all tendencies in art and literature which exert a destructive
influence on our national life and the closing of institutions which
militate against the above-mentioned requirements.

24. We demand liberty for all religious denominations in the State, so
far as they are not a danger to it and do not militate against the
moral and ethical feelings of the German race. The Party, as such,
stands for positive Christianity, but does not bind itself in the
matter of creed to any particular confession. It combats the Jewish-
materialist spirit within and without us, and is convinced that our
nation can achieve permanent recovery from within only on the
principle: THE COMMON INTEREST BEFORE SELF-INTEREST

25. That all the foregoing requirements may be realized we demand the
creation of a strong, central national authority; unconditional
authority of the central legislative body over the entire Reich and
its organizations in general; and the formation of diets and
vocational chambers for the purpose of executing the general laws
promulgated by the Reich in the various States of the Confederation.
The leaders of the Party swear to proceed regardless of consequences -
if necessary at the sacrifice of their lives - toward the fulfillment
of the foregoing Points.

Munich, February 24, 1920.

After full discussion at the general meeting of members on May 22,
1920, it was resolved that "This program is unalterable." This does
not imply that every word must stand unchanged, nor that any efforts
to extend or develop the program are to be prohibited, but it does
imply that the principles and basic ideas contained in it are not to
be tampered with.

There can be no twisting and turning for reasons of expediency, no
secret meddling with the most important - and for the present order of
politics, society, and economics, most unwelcome - points in the
program; no deviation from its original sense.

Adolf Hitler has emphasized the two cornerstones of the program by
printing them in heavy type:

THE COMMON INTEREST BEFORE SELF-INTEREST - THAT IS THE SPIRIT OF
THE PROGRAM. BREAKING OF THE THRALDOM OF INTEREST - THAT IS THE
KERNEL OF NATIONAL SOCIALISM.

_____________________________________________________________________

The following translation of Gottfried Feder's explanation of interest
slavery is from Louis L. Snyder, Encyclopedia of the Third Reich (New
York: Marlowe & Co., 1976) p. 387. Professor Snyder obtained this
quotation from, Gottfried Feder, Hitler's Official Program and It's
Fundamental Ideas, (London: George Allen & Unwin Ltd., 1934)

"Breaking interest slavery is our cry on the field of battle. I know
this principle has not been rightly understood in its unheard of and
fundamental importance, even in our own ranks. One sees, for example,
how
seldom our speakers dare to come to this root problem. Indeed most of
them
feel it to be a fundamental question; in the treasury of words of our
comrades is the motto: "Fight against exchange and loan capitalism.'
But
just what 'breaking of interest slavery' means and how it works in
practical
life of the individual and the nation, what technically financial
occurrences
make the nation 'slaves of interest,' or what practical steps are
necessary
to carry out the breaking of interest-slavery, and what the results
will be
for the entire population when this interest slavery is broken --
these are
all vague.

"What does one understand by 'interest slavery'? The condition of
people
who live under the money rule or the interest rule of the
almighty ...high
finance.

"In interest-slavery is the farmer, who, in order to finance his farm,
must take 'credit,' at so high a rate of interest, that the interest
almost
eats up the profits of his work, or who has made or must make debts
and must
drag the mortgage debts with him as an eternal ball of lead.

"In interest-slavery is the workingman, who labors in the factories
and
workshops for insufficient wages, while the stockholder collects
interest
and dividends -- without worry or work.

"In interest slavery is the entire bourgeoisie, which to-day must work
practically speaking to pay for the interest on bank loans.

In interest slavery are all who must earn their bread through bodily
or
mental work, while standing opposite to them a class -- without care
and
without work -- obtains huge incomes through financial transactions. --
We
do not speak of small independent men or the men with savings-
accounts, even
though they collect small profits through a fundamentally unsound
system but
throughout their lives a hundred times the amount of their small
savings are
taken away from them in some manner through taxes, pensions, etc., so
that
in old age they may be given a part of what has been taken away from
them
before.

"In interest-slavery is the industrialist, who has built up his
business
through the hardest of work, then, according to the principle of
keeping up
with the times, has changed his business into a corporation; he is now
no
longer his own boss, but he must satisfy the insatiable greed for
profits of
the 'members of the board and the stockholders'--if he doesn't want to
be
fired from his own business.

"In interest-slavery is every nation that covers its needs for money
through 'loans.'

In interest-slavery every nation is destroyed, every nation that gives
its most important domestic sovereign rights to the money-power -- the
bankers, its financial interests, its railroads, and the control of
the most
important taxes and tariffs, as Germany has done through acceptance of
the
Dawes plan.

"In interest-slavery are all nations and all governments that bend
before
the power of loan-capital.

"In interest-slavery is all creative work, that has lost its place to
gold, so that to-day money has become the most brutal tyrant over
work.

"Interest-slavery is the correct term for the contrasts 'capital vs.
work,' 'blood vs. money,' 'power of creation vs. profiteering.'

"The demand for breaking of interest-slavery is of such gigantic
proportions, of such fundamental importance for our nation...that the
rebirth of our nation out of the depths of slavery and shame is
dependent
upon the solution of the problem, indeed the happiness, prosperity and
civilization of the world is dependent upon it.

"Breaking of interest-slavery is the steel axle about which everything
turns. It is much more than a financial, political demand;...It goes
into
the personal life of everyone. It demands the decision from everyone:
serving for the people or limitless private wealth. It means the
solution
of the social question."

=============

20. With the aim of opening to every capable and industrious
German the possibility of higher education and consequent
advancement to leading positions, the State must consider a
thorough reconstruction of our national system of education. The
curriculum of all educational establishments must be brought into
line with the requirements of practical life. Directly the mind
begins to develop the schools must aim at teaching the pupil to
understand the idea of the State (State sociology). We demand the
education of specially gifted children of poor parents, whatever
their class or occupation, at the expense of the State.

21. The State must apply itself to raising the standard of health
in the nation by protecting mothers and infants, prohibiting child
labor, and increasing bodily efficiency by legally obligatory
gymnastics and sports, and by extensive support of clubs engaged
in the physical training of the young.

22. We demand the abolition of mercenary troops and the formation
of a national army.

23. We demand legal warfare against conscious political lies and
their dissemination in the press. In order to facilitate the
creation of a German national press we demand that: (a) all
editors, and their co-workers, of newspapers employing the German
language must be members of the nation; (b) special permission
from the State shall be necessary before non-German newspapers may
appear (these need not necessarily be printed in the German
language); ( c ) non-Germans shall be prohibited by law from
participating financially in or influencing German newspapers, and
the penalty for contravention of the shall be suppression of any
such newspaper, and immediate deportation of the non-German
involved It must be forbidden to publish newspapers which are
damaging to the national welfare. We demand the legal prosecution
of all tendencies in art and literature which exert a destructive
influence on our national life and the closing of institutions
which militate against the above-mentioned requirements.

24. We demand liberty for all religious denominations in the
State, so far as they are not a danger to it and do not militate
against the moral and ethical feelings of the German race. The
Party, as such, stands for positive Christianity, but does not
bind itself in the matter of creed to any particular confession.
It combats the Jewish-materialist spirit within and without us,
and is convinced that our nation can achieve permanent recovery
from within only on the principle: THE COMMON INTEREST BEFORE
SELF-INTEREST
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