Valentin katasonov interest loan justiciable reckless the money civilization and the present day crisis

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Interest: Loan, Justiciable, Reckless
“The Money Civilization” and the Present-Day Crisis
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Contents
Foreword...............................................................................................xiii
Introduction............................................................................................. 1
Part 1. Crises and the Usury Virus
Chapter 1. Crises: the Conventional Explanations........................... 13
Cited Literature to Chapter 1........................................................ 17
Chapter 2. Karl Marx about Crises..................................................... 20
Political Economy by Marx: Capitalism Definition .................. 20
Dialectic of Riches and Power ..................................................... 21
Capitalism Is an Antichristian Civilization................................ 22
Marx’s Doctrine: Half-Truth or Half-Lie..................................... 23
Cited Literature to Chapter 2........................................................ 24
Chapter 3. Monetary System of Capitalism...................................... 25

Money and Capital......................................................................... 25
What Do You Need to Turn Money into Capital?..................... 26
No Servant Can Serve Two Masters............................................ 28
Cited Literature to Chapter 3........................................................ 30
Chapter 4. Usury “Virus” ................................................................... 32
Usury: Origin of “Virus” .............................................................. 32
Jacques Attali’s Revelation ........................................................... 35
Warning of Aristotle and Holy Fathers....................................... 37
Cited Literature to Chapter 4........................................................ 42
Part 2. Beginning of the “Money Civilization”
and End of the Economics
Chapter 5. “ Money Revolution”: Partial Legalization of the
Usurious Interest............................................................... 47
Permanent “Money Revolution” as a Means of Struggle
of the Usurers for World Domination................................... 47
Roman Catholic Church: Forming of the Usury Double
Approach .................................................................................. 49


Cited Literature to Chapter 5........................................................ 53
Chapter 6. “Money Revolution”: Complete Legalization of the
Usurious Interest............................................................... 54
Usury in Medieval Europe............................................................ 54
The Reformation and the Usury Further Attack ....................... 58
History of Europe as a Chain of “Money Revolutions”
and “Money Counterrevolutions”........................................ 61
Cited Literature to Chapter 6........................................................ 64
Chapter 7. “Economy Death” and Something about “Economic
Philology”........................................................................... 67
Economy and Chrematistic .......................................................... 67

Capitalism by Marx........................................................................ 69
“Professional Economists”—Creators of the New
Language................................................................................... 71
Ivor Benson about the “Economic Science”
and “Professional Economists”.............................................. 73
“Economic Science” and “Professional Economists”
Serving the Usurers................................................................. 76
Cited Literature to Chapter 7........................................................ 82
Part 3. “Debt Economy” as a Mode of Existence
of the “Money Civilization”
Chapter 8. Credit Money and “Debt Economy”: England and
America............................................................................... 87
Credit Money Is an Invention of the Usurers............................. 87
Great Britain Is a Pattern of “Debt Economy” ........................... 90
America Is the World’s Debtor .................................................... 92
American “Economy” Is a Colossus with Feet of Clay........... 107
Citied Literature to Chapter 8..................................................... 110
Chapter 9. “Debt Economy” in the Global Dimension ................. 112
“Debt Economy” in Countries of Western Europe
and Japan................................................................................. 112
Credit Attack of the Usurers to the “Third World”
Countries................................................................................. 113
“Debt Pit” for Argentina............................................................. 117
Bluff of the Chilean “Miracle” ................................................... 120
) 4


Debt “Trap” for Developing Countries..................................... 124
Cited Literature to Chapter 9 ..................................................... 127
Part 4. Credit Money, or Why Society Is Always Short of Money

Chapter 10. Credit Money and Crises.............................................. 131
J. B. Say’s Law, or Simple Commodity Production................. 131
Capitalist Production: Where Does the Profit Come From?.... 133
Credit Money—Profit—Crisis.................................................... 136
Credit Money: Risks of the Usurers and Society..................... 139
Crises Is the “Golden” Time of Usurers.................................... 141
Cited Literature to Chapter 10.................................................... 143
Chapter 11. Credit Money—Virus of Breaking Down.................. 146
Money as a Medium and a Purpose.......................................... 146
“Lust for Money” and Unnatural Needs ................................. 147
“Lust for Money”: “Bellum Omnium Contra Omnes”........... 150
“Lust for Money” and Squandering of the
“Market Economy”....................................................................... 151
About False Mirrors of the Statistics and
“Public Consequence” of the Usurers................................. 153
Credit Money and Inflation........................................................ 155
“Itch for Money” and Property Polarization of Society.......... 159
Credit Money—a Virus of Physical and Spiritual
Destruction of Man................................................................ 162
Cited Literature to Chapter 11.................................................... 163
Part 5. “Partial Redundancy” or Judicial Fraud
Chapter 12. “Money Revolution”: Legalization of the “Partial
Redundancy” ................................................................. 167
Partial Redundancy = Coinage Offence ................................... 167
“Asymmetry” of Credit and Deposit Operations of Banks.... 170
How Usurers Struggled for Legalization of the Partial
Redundancy............................................................................ 171
Politicians as Lobbyists of the Partial Redundancy................. 175
Voluntary Depositing for the Purpose of Financial
Pyramid Building .................................................................. 178

One-Way Street ............................................................................ 182


Partial Redundancy and Financial Crises................................. 184
Cited Literature to Chapter 12.................................................... 185
Chapter 13. As the Usurers Struggle with Bank Crises................. 187
Lender of Last Resort .................................................................. 187
“Legal Reserve Requirements” or Fig-Leaf of
Counterfeiters.......................................................................... 189
Chain Reaction in the “Monetary and Credit Reactor”.......... 191
Counterfeiters in Battle for Their Rights................................... 192
A Straw for a Drowning Man..................................................... 193
Who Pays for Bank Crises?......................................................... 195
Dollars from Helicopters............................................................. 197
Banking “Socialism”.................................................................... 202
Cited Literature to Chapter 13.................................................... 207
Chapter 14. Full-Reserve Method: Utopia or Reality?................... 209
No Utopia, but Historical Evidence........................................... 209
Attempts to Introduce Proper Order......................................... 211
Projects Called: “The Wolves Are Sated and the
Sheep Intact”........................................................................... 215
Cited Literature to Chapter 14.................................................... 218
Part 6. Key Milestones of “Money Revolution”
Chapter 15. “ Money Revolution”: Creation of Securities
and Stock Exchange ...................................................... 221
The Third Level of the Financial System................................... 221
Stock Exchanges and First Joint-Stock Companies.................. 222
Stock Exchange and “Panlibhonco” ......................................... 226
Investment Banks and Manipulations in Stock Exchanges ... 227
Technologies of Stock Jobbers ................................................... 229

Inside or “a One-Way Street” Case............................................ 233
Gambling House Rather Than Economy ................................. 237
Cited Literature to Chapter 15.................................................... 240
Chapter 16. “Money Revolution”: Creation of Central Banks..... 242
Why Do Usurers Need the Central Bank?................................ 242
Bank of England............................................................................ 244
Bank of France............................................................................... 249
United States of America: Long Way to the Central Bank..... 253


Federal Reserve System of the USA .......................................... 260
“Fright We Have Not Seen Before”........................................... 269
Modern Crisis: “Passions” Round the Central Banks............. 273
Bank of Russia or FRS Branch?................................................... 280
Cited Literature to Chapter 16.................................................... 288
Chapter 17. “ Money Revolution”: Introduction and
Cancellation of the Gold Standard.............................. 291
The Rothschilds and Gold Standard.......................................... 291
The End of the Gold Standard and Beginning
of the New World Financial Order...................................... 297
Monetarism as Ideological Substantiation of New
Financial Order....................................................................... 299
Current Crisis and “Renaissance” of Gold............................... 302
Gold Is the Main Secret of the World Usurers......................... 304
Cited Literature to Chapter 17.................................................... 311
Chapter 18. M
 oney Demand Making—the Usurers’ Priority
Mission ........................................................................... 312
Twofold Mission of the Usurers................................................. 312
Hypothecary and Consumer Credits as a Great Way of the

Usurer Problem Solving........................................................ 313
Technologies of Creation of Demand for “Services”
of Usurers on the Part of the Government......................... 317
Cited Literature to Chapter 18.................................................... 320
Part 7. Liberalization as the Highest Stage of the “Money
Civilization” Development
Chapter 19. U
 niversal Liberalization as a Way of Forming a
Demand for Money....................................................... 323
“Economical Liberalization” Has already Been in the
World History......................................................................... 323
Guidelines for Modern Liberalization....................................... 326
Price Liberalization or Uncontrolled Freedom of Monopolies... 327
Liberalization of the Capital International Movement or
“Everything for Sale!”........................................................... 331
Intangible Assets Constructing ................................................. 336
National Financial Capitalism ................................................... 338


Cited Literature to Chapter 19.................................................... 340
Chapter 20. Liberalization: Innovations in the Share
and Credit Markets........................................................ 342
New Technologies and Usurer Projects in the Financial
Markets by the Close of the Twentieth Century............... 342
Companies as a Sale-Purchase and Gamble Object................. 351
Who Helps the Usurers to Play the Share Market?................. 356
Economic Science Is in the Speculators’ Service...................... 361
Investments in Quotes................................................................. 363
Financial Markets Rocking and Forming of
Demand for the FRS “Production” ..................................... 364

Cited Literature to Chapter 20.................................................... 368
Chapter 21. D
 erivatives Instruments, or the Finance
Babel Tower.................................................................... 370
Derivatives Instruments, or Final Virtualization of Finance....... 370
Magic Wand Called CDS............................................................. 373
Virtual World as an Instrument of the Real World Control .. 374
The Fourth Level of the Financial Pyramid.............................. 379
Is It Possible to Build the Infinite Financial Pyramid?............ 382
Virtual World Constructing........................................................ 385
Derivatives Are the Last Page of the “Money Civilization”
History..................................................................................... 388
Cited Literature to Chapter 21.................................................... 389
Part 8. Money Civilization: Life in “Shadow”
Chapter 22. “Shadow Economy” as a Way of Existence of the
World Usurers..................................................................................... 393
“Shadow Economy”: Concept and Scope................................. 393
“Tax Havens” and “Financial Confidentiality Jurisdiction”.... 397
Offshores Are the Threat to Sovereign Economy.................... 401
Charitable Funds as “Inner” Offshores..................................... 403
The United States and Great Britain Are the
Major Patrons of the Offshore Business ............................ 407
Secrecy as a Way of the “Market Economy” Existence........... 410
How the West “Struggles” against the “Shadow Economy”...... 413
“Shadow Economy” and Special Service.................................. 417
Cited Literature to Chapter 22.................................................... 421


Chapter 23. Banks as the Principal Institution of the
“Shadow Economy”...................................................... 423

Eurocurrency Market Is the World’s Financial System
Offshore................................................................................... 423
Money Authorities: Complete “Shadow”................................. 427
Crime and Secret Service Connections of Banks:
History of the BCCI Bank..................................................... 430
Vatican’s Bank: the Institution of “Untouchable” .................. 434
Cited Literature to Chapter 23.................................................... 439
Part 9. Money, Credit, Usury: Theory and Life
Chapter 24. How Is the Today Money Supported? ...................... 443
What Is “Cover of Money”?........................................................ 443
Money Commodity Collateral ................................................... 444
Flat Money..................................................................................... 446
Money Forced Collateral ............................................................ 451
Occupation Money....................................................................... 455
Money after September 11, 2001................................................. 461
Cited Literature to Chapter 24.................................................... 468
Chapter 25. What They Write about Credits and Usury
Here and There.............................................................. 470
Mainstream and “Economical Opposition” in the
Western World....................................................................... 470
What Our “Economics” Textbooks Say about Money and
Usurers.................................................................................... 474
Cited Literature to Chapter 25.................................................... 480
Chapter 26. Karl Marx, Rothschilds, and Mechanisms of the
People Debt Depredation............................................. 482
About the Balance of Industrial, Commercial,
and Bank Capital.................................................................... 482
Henry Ford, Henry George, Silvio Gesell about Money
and Economy.......................................................................... 487
The Methods of Working-Class Depredation ......................... 490

Capitalist Crisis: Overproduction or Underconsumption?.... 492
M. Bakunin about Marx and the Rothschilds........................... 494
Cited Literature to Chapter 26.................................................... 495


Part 10. “Money Civilization”: Global Dimension
Chapter 27. “ Food Chains” and “Pyramids” of the “Money
Civilization”................................................................... 499
The Laws of Biology and the Laws of the Capitalist Jungle.. 499
World Financial Pyramid............................................................ 502
Exchange Rate as a Tool of International Plunder................... 508
Unequal Exchange as a Law of “Market Economy”............... 511
Outlaws and Outsiders of the World Financial Pyramid....... 518
“Democratic” Russia in the World Financial Pyramid........... 519
Cited Literature to Chapter 27.................................................... 524
Chapter 28. Corporatism as a Modern Form of the “Money
Civilization”................................................................... 525
Monopoly Dictatorship .............................................................. 525
External Expansion of Capital, or Imperialism........................ 528
Alliance of the State and Monopolies........................................ 528
State Monopoly Capitalism, or “Legalized Embezzlement”. 532
Government Programmes or “Panamas”?............................... 534
Privatization of the State as the Aim of Usurers...................... 539
Cited Literature to Chapter 28.................................................... 547
Chapter 29. Central Banks in the Global Context........................... 549
International Network and Hierarchy of Central Banks........ 549
The “Gray Cardinal” of the Usurers’ World............................ 553
On the Way to the World Central Bank.................................... 559
Cited Literature to Chapter 29.................................................... 561
Chapter 30. “Money Civilization”: The Threat to Human

Existence.......................................................................... 562
Capitalism = Inefficiency + Aggressiveness............................. 562
Russia as an Object of Usurious Aggression............................ 567
Usurers as the Organisers of the Second World War.............. 568
Military Escort for Export of Goods and Capital..................... 573
War as a Great Business Project................................................. 576
America’s Debts Are a Threat to Humanity............................. 580
World Government and World Slaveholding Order.............. 584
Cited Literature to Chapter 30.................................................... 591


Part 11. The “World Usurers” and How to Beat Them
Chapter 31. The “World Usurers”: Who Are They?...................... 597
“Ordinary” Billionaires and the “World Usurers”.................. 597
Again about the “Charity” of Money Usurers......................... 600
The History of the World Usurers’ Banking Houses.............. 603
“Family” Nature of the Business................................................ 607
Dynastic Marriages and Other “Secrets” of Usurers............... 609
The International Nature of the Business................................. 611
The Rothschilds: Family Power and Family Business
Centralization......................................................................... 612
World Usurers: the Dialectics of Unity and Struggle.............. 615
Cited Literature to Chapter 31.................................................... 619
Chapter 32. “Spiritual” Mission of Usurers.................................... 622
Early Marx about the “Religion of Money”.............................. 622
Victories of the “Money Revolution”
and Spiritual Enslavement of Christianity......................... 624
The Secret of Usurers’ Power: “Bread and Circuses!”............ 627
Cited Literature to Chapter 32.................................................... 631
Chapter 33. How to Overcome the “Interest Virus”...................... 632

Interest Abolishment: “Soft” and “Hard” Options................. 632
Nationalization of the Monetary System.................................. 637
National Monetary System and Loan Interest ........................ 645
About Errors and Achievements of the Soviet Era.................. 652
Urgent Tasks of the Day.............................................................. 658
Cited Literature to Chapter 33.................................................... 660
Conclusion. About Genius and Madness of the World Usurers....... 663
The patient is more dead than alive.......................................... 672
The root of evil: greed and lack of morality............................. 676
What comes next?......................................................................... 680



Foreword
I have to admit that it gives me great pleasure to present to the
readers a book written, according to its author, as affected by my
article “Justiciable Interest” in the journal The Sixth Sense (please,
find the article enclosed in the Appendix to the book—editor’s
note). In the article regret was expressed at the burning financial
and economic questions which occupy the growing part of modern
life but gain insufficient understanding and estimation from the
position of Christianity.
Today, new books and articles cover the recent economical and
financial crisis (by the way, according to the book’s author, the crisis has not been completed. Now we can see just a “respite,” which
is followed by its next phase). Alas! These books and articles concentrate the reader’s attention on technical aspects only, at its best
on political and its moral aspects. All this is necessary but obviously not enough. The spiritual origin of all financial and economic
issues of our time remains out of sight of the researchers.
And, at last, we face the first of a kind of fundamental work on
economics and money where the author (a scientist, teacher, and
practitioner at the same time) makes an attempt to look behind the

screen of exterior developments of the global financial endless disorder to penetrate into the secret of its origin; you know, if a tree is
sick, it is necessary to treat its roots but not the leaves and branches.
At first sight, it seems that the book is mainly addressed to the
specialists: it abounds in highly specialized financial terms, economic statistics, references to the known (and not very well known,
sometimes even unknown) economists. But it’s at first sight only.
xiii )


Behind these logically and strictly placed “trees” of the facts
and figures, you can obviously see a “forest” which is an attempt
to give a windowed spiritual and moral estimate of the condition
of the modern global crisis, and even more of the whole modern
civilization where soul and blood are money. The reader should
be prepared to go beyond the one-dimensional perception of the
world intrinsic for a modern sight based on the ideas of “economic
determinism.” He is offered to see the modern crisis and modern
civilization (coded in terms “capitalism,” “market system,” “modern democracy,” etc.) from other perspectives and measurements:
social, political, anthropological, psychological, mental, ethical,
and spiritual.
It is obviously that the most important, deepest, most fundamental measurement among them is the spiritual one. Let’s clear
this up: not a simple religious, and even not general Christian measurement, namely an Orthodox one. The author’s idea is to show
to the most mistrustful and demanding reader that any events, any
transformations and motions in the sphere of economics and finance are the objective results of appropriate alterations in the spiritual state of the man and society. Generally speaking, the formula
is as follows: when the man is getting nearer to God, the economics
gets better, more stable, satisfying his material needs more fully.
When the man is moving away from God, the economics begins
to ail, go down, and the man can lose his daily bread (today, it is
exactly so in the world and Russia). Such a metaphysical approach
allows even a professional economist to look with different eyes at
any “small details,” referring to the world of money, finance, and

business.
For fairness’s sake, it is necessary to notice that such attempts of
the metaphysical understanding of the “earthly” spheres and subjects of the human life, i.e., household, finances, wealth, etc., were
also made in the past. The count is possible from Aristotle, and
you can continue this line of thinkers by such names as Thomas
Aquinas, Max Weber, Werner Sombart, Oswald Spengler, and others. However, that was metaphysics of Catholicism, Protestantism,
or even Agnosticism.
) xiv


Among the Orthodox researchers, it is possible to single out
I. T. Pososhkov (The Book on Scarcity and Wealth), S. Bulgakov
(Philosophy of Economy), I. Seipel (Economic and Ethical Views of the
Church Fathers), V. F. Ern (The Christian Ideal of the Economics), N. A.
Berdyaev (On the Economy), and others. This is, without exaggeration, the most valuable world outlook heritage to make easier our
understanding of the modern economical and financial life from
the position of the East European tradition. At the same time, it is
obvious that the scientific, methodical platform developed in these
works is not enough for understanding the modern, incredibly
complicated civilization reality.
First, we should allow that a contemporary, unfortunately
and frequently, is not ready, intelligently and spiritually, to start
learning such complicated works. Today’s man, educated by the
Internet, TV, and The Expert magazine, needs another, simpler and
more habitual language (which is frequently the professional economic newspeak).
Second, the latest fundamental Orthodox works on economic
issues were published almost a century ago. The history of the
twentieth century and the beginning of the twenty-first century has
given the rich empirical material which always yields to no “deciphering” from the position of views and conceptions of the Russian
Orthodox thinkers in the past. For example, they do not cover, for

some reasons, some serious metaphysical understanding of the socialistic economic experience. And it is necessary, particularly for
a better understanding of what “capitalism,” the “market system,”
and “modern democracy,” are; i.e., that public environment where
we have been “flourishing” already for 20 years, at least.
I believe that this work is the first “building block” in the business of the metaphysical Orthodox; i.e., maximum approximated
to the Christian roots, understanding of the modern economic and
financial life and bringing the results of such understanding to the
reading public at large.
The central concepts of the book are the “financial crisis,”
“money civilization,” and “money revolution.”
The writer convincingly demonstrates that the so-called
xv )


financial crisis is just a consequence and display of mankind’s spiritual crisis. And the spiritual crisis from the Orthodox position is
treated by him as a retreat of man from God. In public life, such
a retreat appears in the crisis of the Christian civilization, its displacement with the post-Christian (and nowadays, an antichristian
one) civilization with the pagan idol Mammon in the center instead
of Christ.
The author describes the historical process of shaking and
demolition of the Christian civilization using, to our thinking, a
very accurate and concise concept of the “money revolution.” A
key question of any revolution is the question of power. “Money
revolution” is a process of Mammon admirers moving to the position of power. The author selects the basic characteristics of this
“revolution.”
First, it is spread in time over many centuries (and even millenniums). Today, it is still not finished. Therefore, the “money revolution” is called a “permanent one” in the book. Holy Fathers called
the conquest by “money revolutionaries” of new occasions and positions in the economics, politics, culture, and education on a national
scale and on a family basis, in the soul of a single man as the “apostasy” process, i.e., retreat from God. The writer persuasively showed
on the actual fact material how this “apostasy” process took, and is
taking place in the sphere of economic life. He marked out the main,

key phases of the “money revolution”: partial (informal) legalization of the usurious interest; full legalization of the usury; creation
of banks with obligations partial reserving, and transition of the usurers to wringing new money out of “thin air”; “invention” and introduction into daily life of security and the stock exchange; building
central banks—“general headquarters” of the usurers and establishing, based on them, the complete control of the state treasury and
money circulation; “gold enslavement” of mankind by means of the
gold standard introduction into the internal and international money
turnover; the gold standard cancelling and “greenback emission” at
full capacity; general (global) economic liberalization.
The last of the phases is our time, the end of the twentieth and
the beginning of the twenty-first centuries. It is characterized by
) xvi


the extremely dynamical processes and vast amount of financial innovations, a spurt of chaos and instability not only in the financial
but in all other spheres of public life. This very time period covers
offshore companies flourishing, the occurrence and spread of the
“epidemic” of financial derivative instruments, the creation of new
financial institutions such as hedge funds, the abrupt rise of debenture (financial) pyramids, widespread privatizing of state assets
(not only in Russia but also many other countries), the appearance
of the virtual capital in the shape of so-called intellectual property,
the transformation of companies into the main object of the market
gamble and the merger processes, etc.
First, at this phase of the “money revolution,” the world economics completely loses the ability to create a new material wealth
(cost) and turns into the condition of excessive self-criticism, slips
into a coma (the “professional economists” call it by sophisticated
words: “financial crisis”).
Second, we speak not only and not so much about the conquest
of power by “revolutionaries” in a single country (state). Their final
purpose is the power in the scale of all mankind and world domination. Just due to the prism of such understanding of the “money
revolution,” it is possible to assess such processes as globalization
(including financial ones), political, economic, and currency-andfinancial integration, projects of the global currency and global central bank creation, etc.

Third, the “revolutionaries” tend not only and not so much to
the power over other people’s property, i.e. to formal enrichment.
Only “ordinary revolutionaries” (“outsiders”) imagine wealth as
the final goal. For the “initiated revolutionaries,” wealth is only
the means for power over the souls of people. They need spiritual
power, and wealth and political authority are only stages to move
to this prime target.
This is the strategy of the “money revolutionaries.” The metaphysical picture of “money revolution” allows a man with even
elements of the spiritual vision to understand who stands behind
the “ordinary revolutionaries,” and who is the “chief revolutionary.” Since the beginning of time, the world “chief revolutionary”
xvii )


has been that one who, in due time, infringed on God, desired to
occupy His place, and, in the last analysis, appeared to be overthrown by Him. His accomplices also appeared to be overthrown.
However, under his persistent attacks, the “chief revolutionary,”
who was called by Christ as the “liar” and “manslayer,” does his
best to bring the maximum number of living people into the abyss
of spiritual death. The “ideals” of “money revolution” (wealth,
money, endless consumption, “emancipation” from duty to work,
etc.) are the same “forbidden fruit” which, in due time, brought the
whole mankind to the universal catastrophe—the tragedy which
happened to our first parents in paradise. However, the “forbidden fruit” is not wealth and money. It is a blind and greedy hope
for them as the means of replacing God. Therefore, not only those
who have billions in bank accounts and private residences on Cote
d’Azur enjoy the “forbidden fruit,” but also those who are lost in
dreams about these billions and these private residences.
Once again, I want to point out a relevant thought regarding
this work: the present financial and economic crisis is impossible to
be placed within the chronological framework of 2 or 3 years, and

even to hope that we have overcome it. The crisis is going on. And
it began long ago, when the usurers partly managed to legalize the
loan interest (first phase of the “money revolution”). Efforts of the
“professional economists” to show that for the last 2-3 centuries,
the economical history of capitalism was the economy’s progressive
and dynamic advance, which was sometimes interrupted by the
crises of overproduction, and served only as a trick for simpletons
and the call to fill society with a hope that the “patient is healthy.”
With the appearance of the “virus” of usurious interest in society,
its organism became deathly sick. However, at the same time, the
“patient” was growing up, putting on weight and getting stronger
in outward appearance. Separate attacks and indispositions were
considered as “accidental.” It was a long enough latent phase of the
disease. And the doctors (i.e., “professional economists”) skillfully
diminished all the patient’s doubts.
But today’s “professional economists” are in full confusion, as metastases has appeared on the “patient’s” body, and he
) xviii


periodically slips into a coma. It became impossible to hide the disease, and they do not know how to treat the “patient,” as they lost
all their professional skills long ago (if they have ever had any). The
only means available are larger doses of morphine injections (i.e.,
billions and billions of dollars into the economy’s half-dead body).
This author’s treatment of the actual situation in the current financial and economic collapse is new and original. At the same
time, it is true, with hard facts, and impartial. But we know that it
is impossible to heal up the man if there is no correct and honorable diagnosis, even if such a diagnosis looks brutal. I believe that
this work is an attempt to diagnose, to reach the problem at heart.
And it provides a chance to defeat the illness—just a chance—not
warranty.
To realize this chance, the correct treatment regimen is necessary. The illness is serious and neglected. A team of doctors is necessary for its treatment. The regimen development is a collective

business. In other words, to overcome the crisis, we need the program developed by economists, sociologists, politologists, philosophers, anthropologists, theologians, and other specialists who have
their feet on the ground regarding the Orthodoxy and who firmly
understand that without the God’s favor (“neither can you, unless
you abide in me”), any invention is no more than the next “project.”
In the last chapter of the book, the writer plans outlines of such
“healing regimens.” His major thesis: the overcoming of illness (crisis) within the framework of the existing “money civilization” is
impossible. Let’s hope these appeals will be heard in society and
power, and the program development will be continued.
In summary, I would like to wish the author not to be satisfied
with what has already been achieved, and to develop the closing
chapter theses into the all-up program of the economical revival of
Russia.
A. I. Notin
President, Cultural and Educational Society PEREPRAVA

xix )



This book is dedicated to my parents,
Tamara Katasonova and Yuri Katasonov
15:1 Yahweh, who shall dwell in your sanctuary?
Who shall live on your holy hill?
15:5 He who doesn’t lend out his money for usury,
nor take a bribe against the innocent.
He who does these things shall never be shaken.
(Psalm 15:1, 5)
2 2:7 The rich ruleth over the poor: and the borrower is servant to
him that lendeth.
(Proverb 22:7)

2 4 Therefore whosoever heareth these sayings of mine, and doeth
them, I will liken him unto a wise man, which built his house upon
a rock:
25 And the rain descended, and the floods came, and the winds
blew, and beat upon that house; and it fell not: for it was founded
upon a rock.
26 And every one that heareth these sayings of mine, and doeth
them not, shall be likened unto a foolish man, which built his house
upon the sand:
27 And the rain descended, and the floods came, and the winds
blew, and beat upon that house; and it fell: and great was the fall
of it.
(The Gospel According to St. Matthew, 7:24–27)



Introduction
At the beginning of 2008, in the journal The Sixth Sense, the article of A. Notin Justiciable Iinterest11 was published, where the author
wrote about the usury (interest collection loan operations) as about
the criminal activity equal to the activity “within the jurisdiction.”
The persons engaged in the interest operations, the usurers, should
appear before the Human Court and Ordeal. The Holy Scriptures
speak many times about the ban on the collection of interest because
it is considered as one of the God’s “small” commandments.
Its violation causes the violation of the basic commandments:
deception, stealing, murder, etc. First, the life of separate people,
and then the life of the whole society becomes intolerable: there are
wars, crises, revolutions, people killing each other, and degenerating physically and spiritually. The jinn out of the bottle generates
such consequences like interests which finally strike those who let
the jinn out, the usurers. Now we do not speak about the Justice

of Heaven waiting for the usurers after their mortal life ends. Our
fathers of old understood that the ban on interest collection is not
such a “small” commandment, if the usury was punished as severely as a murder, with the death penalty.
God teaches all people who have still a few vestiges of decency
and reason about that usury is a sin, and not only under the Holy
1

Alexander Notin. Justiciable Interest. Orthodox view of the world financial system.
The Sixth Sense, 2008, no. 1 (the article text is given in the appendix—editor’s note)/
Александр Нотин. Подсудный процент. Православный взгляд на мировую финансовую систему. Шестое чувство, 2008, №1 (текст статьи приведен в приложении–прим. ред.).

1 )


) Interest: Loan, Justiciable, Reckless

Scriptures. It teaches sending some signals to the “lost sheep.” The
current economic crisis is one of such signals, and, per se, justice,
since crisis means “justice” in the Greek language. So, the loan
interest may be called as the justiciable interest with confidence: it
necessarily causes a crisis, and not only in the economies but politics, social relations, and spiritual life. It is the trial above, not an
individual but the society where the place of God is occupied by
money, and the usurer has become the “master of the life,” and is
called now with a “presentable” word: the “banker.”
Today, there are quite many people suspecting that the reasons
for a crises are in the loan interests. And probing deeper, its reasons
are in the hearts of the people who could not resist the temptation of
greed for money. The greed for money has many faces, but the patriarchs and apostolic fathers of the Christian age said that it was one
of its most abominable forms. The loan interest is like a virus eating the man’s flesh and soul and interpersonal relations; it causes
fraud, violence, murders, and other felonies against man.

Moreover, it destroys the natural and man-made environment
of a man’s home, in the broad sense of the word. The last one is
called the economy (economy is translated from Greek as “house
building,” “family rules”).
This is the Savior appealing to us in the Sermon on the Mount
which He completed by the parable about the “reasonable” and
“reckless” house builders. Our “house,” which we realize as the
economy within the context of this book, falls down under pressure
of the world elements because we have tried building our house on
the “sand” of disbelief in God, violating the eternal laws of the spiritual life. But, for some reason, the Savior calls us unlucky house
builders as not “criminal,” “justiciable,” and even “sinful,” but just
reckless. It means, He appeals in the Sermon on the Mount to our
reason. The ordeal given us is His appeal to let us understand both
the earthly (material) and spiritual reasons of our house falling. If
we do not realize this truth, there will be its “great fall.” Our recklessness is significantly conditioned by the fact that we have not
comprehended the reasons why violation of the ban on interest collection causes our house’s demolition. It is exactly so. In this sense,
) 2


Introduction )

the loan interest is possible to call not only as a “justiciable interest”
but also “reckless interest.”
Let’s try to understand why the loan interest is reckless (certainly, the speech is about the recklessness of those who collect interest, and not the very interest itself). Partly, the explanation of this
“recklessness” is given in the previously mentioned paper of A. I.
Notin. But many theses of the writer require additional decryption
and illustration with the help of samples from history and today’s
examples. This book represents an answer to the invitation of the
paper’s author to start a subject about the spiritual, moral, anthropological, social, political, and in some cases, “technical” aspects
of today’s economic life. In the whole range of the economic life issues, a question of money takes the key place as, according to what

is below, today, we live in the conditions of a “money civilization.”
The philosophers, sociologists, theologians, and representatives
of other humanitarian sciences occasionally pass by the “technical”
aspects of money and money circulation. But, as they speak, “the
devil is in the details” and his earthly servants (we will speak about
these servants in more detail later) carefully preserve his secrets
connected to the details of the money circulation. The devil’s (the
prince of this world) greatest fear is the light, for the light deprives
him of his power over people. Let’s try to throw light on some such
“details,” this indispensable (but, certainly, not sufficient) condition of termination of the current reckless demolition of our house
(economy) and transformation of the man into a reasonable “house
builder.”
I must forewarn my readers, that for understanding many real
processes in the economy and money sphere, the reader should
leave behind those habitual stereotypes of thinking and ideas which
were formed and influenced by our official education and mass
media. These stereotypes of thinking and ideas are based on the
narrow, purely “economical” and vulgar-materialistic approach to
the comprehension of the money world. In some cases, we need
the cardinal modification of the world outlook, a turnover. We are
aware of this. This book cannot provide such a revolution, but it
can make the reader think of matters far beyond the traditional
3 )