“The idea of interest on loans is the diabolical invention of big loan-capital; it alone makes possible the lazy drone's life of a minority of tycoons at the expense of the productive peoples and their work-potential.”

—  Gottfried Feder

"Manifesto for the Abolition of Enslavement to Interest on Money" (1919)

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Gottfried Feder 28
German economist and politician 1883–1941

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“Clearly, the power of the lender to command interest has nothing to do with the use to which the loan is put. Whether the borrower uses it to build a factory or acquire a dwelling house, whether he spends it on tools of his trade or gambling on horses, will make no difference… The coupling of interest with capital has been an unfortunate error prolific in its progeny of falsehoods. It arises from confusing the power to exact payment for loans with the use to which some of the loans are put… It gives to the idea of a loan a quality it should not possess, a suggestion of productiveness and of social benefit, obscuring the indebtedness and dependence which the loan so plainly advertises.”

Leon MacLaren (1910–1994) British philosopher

Leon MacLaren, Nature of Society and Other Essays, p169

Gottfried Feder photo

“All state revenues flowing from direct and indirect sources pour constantly into the pockets of big loan-capital.”

Gottfried Feder (1883–1941) German economist and politician

"Manifesto for the Abolition of Enslavement to Interest on Money" (1919)

Will Eisner photo

“Protocols: What also indeed is, in substance, a loan, especially a foreign loan? A loan is an issue of government bills of exchange containing a percentage obligation commensurate to the sum of the loan capital. If the loan bears a charge of 5 percent, then in twenty years the State vainly pays away in interest a sum equal to the loan borrowed, in forty years it is paying a double sum, in sixty treble and all the while the debt remains an unpaid debt.
from this calculation it is obvious that with any form of taxation per head the State is bailing out the last coppers of the poor taxpayers in order to settle accounts…; instead of collecting
Graves: These two books were written 40 years apart from each other…why is the same interest rate employed by the “Protocols?””

Will Eisner (1917–2005) American cartoonist

Surely they must have changed during all that time.
Raslovlev: Very revealing…eh?
Source: The Plot: The Secret Story of the Protocols of the Elders of Zion (10/2/2005), p.85

Gianni Agnelli photo

“Everything is on loan in life—everything.”

Gianni Agnelli (1921–2003) Italian businessman

Agnelli: The Rules of the Game, Vanity Fair (1991)

Nouriel Roubini photo

“Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts… We have a subprime financial system, not a subprime mortgage market.”

Nouriel Roubini (1958) American economist

Quoted in Stephen Mihm, "Dr. Doom," http://www.nytimes.com/2008/08/17/magazine/17pessimist-t.html?_r=1&oref=slogin The New York Times (2008-08-15).

Gottfried Feder photo

“In our Mammonistic blindness we have unlearned how to see clearly that the doctrine of the sanctity of interest is a monstrous self-deception, that the gospel of the loan-interest that alone makes one blessed has entangled our entire thinking in the golden web of international plutocracy.”

Gottfried Feder (1883–1941) German economist and politician

"Manifesto for the Abolition of Enslavement to Interest on Money" (1919)

Will Eisner photo

“Dialogue in Hell:
probable resources. How are loans made? By the issue of bonds containing an obligation on the part of the government to pay a yearly interest proportionate to the capital which has been depleted. If the loan is at 5 percent, for instance, the state, at the end of twenty years, has paid a sum equal to the capital borrowed; at the end of forty years, a double amount; at the end of sixty years, a triple amount, and yet it always remains debtor for the total of the same capital. The modern states wished to put a necessary”

Will Eisner (1917–2005) American cartoonist

The Plot: The Secret Story of the Protocols of the Elders of Zion (10/2/2005)

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“20 years on I'm not that interested in charity. I'm interested in justice. There's a difference. Africa needs justice as much as it needs charity.
Equality for Africa is a big idea. It's a big expensive idea.”

Bono (1960) Irish rock musician, singer of U2

PENN Address (2004)

Enda Kenny photo

“The outstanding organiser who brought Lenin himself to Ireland to see how the National Loan worked.”

Enda Kenny (1951) Irish Fine Gael politician and Taoiseach

Referring to Michael Collins at Béal na mBláth in 2012. He later admitted he had got it badly wrong after historians expressed bewilderment at Kenny's claim that Lenin had visited Ireland. As quoted in Irish Independent http://www.independent.ie/national-news/enda-kenny-redfaced-over-wrong-claim-that-lenin-visited-ireland-3208286.html
2010s

Greil Marcus photo

“Every youth movement presents itself as a loan to the future, and tries to call in its lien in advance, but when there is no future all loans are canceled.”

Greil Marcus (1945) American historian

Lipstick Traces : A Secret History of the 20th Century (1989), p. 11.

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