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Unforgettable revelations abound in this indispensable study of the rise of the Money Power.
Usury in Christendom provides the reader with a detailed understanding of how a den of thieves robbed the followers of Christ of their patrimony. It is grounded in an extensive study of rare and primary sources and represents a landmark revisionist history of how the breeders of money gained dominion over the West.
For most of the first 1500 years of Christianity usury, the lending of money at interest, was unanimously condemned by the Fathers of the Early Church, and by popes, councils and saints, as a damnable sin equivalent to robbery and even murder. Any interest on loans of money, not just exorbitant interest, was defined de fide as a grave transgression against God and man.
Hoffman confronts the reader with a startling datum: the overthrow of magisterial dogma and the approval of scripture-twisting heresy occurred inside the Church centuries before the Enlightenment and the dawn of the modern era, culminating in the overthrow of divine truth; an epochal act of nullification.
Usury in Christendom: The Mortal Sin that Was and Now is Not resurrects the suppressed biblical, patristic and medieval Catholic doctrine on interest on money, provides new information on the record of early Protestant resistance to the usury revolution, and the discernment, by Dante and other visionaries, of the sub-rosa connection between usury and a host of abominations that continue to plague us today.
Western civilization was profoundly disfigured by the ecclesiastic exculpation of the charging of interest on debt. The result has been a pursuit of usurious profit unconstrained by the Word of God, the dogma of His true Church, and the consensus patrum of fifteen centuries.
- Sales Rank: #328950 in Books
- Published on: 2012-11-15
- Binding: Paperback
- 416 pages
Review
Michael Hoffman is undoubtedly one of the leading thinkers on the Money Power....Hoffman does not mince words, is a formidable academic...his latest book is called Usury in Christendom and is a virulent attack against Usury, the Money Power and Christians going along. He is forceful, scathing, to the point and incredibly well informed. --Anthony Migchels, Usuryfree.blogspot.com
About the Author
Michael Hoffman is an independent scholar and a former reporter for the New York bureau of the Associated Press. He is the author of eight books and the editor of the newsletter, Revisionist History.
Most helpful customer reviews
6 of 6 people found the following review helpful.
Wonderful book, left me with questions
By Laura
This is well researched, and shocking that someone would have the time to gather all the historical facts and quotes on Usury. I especially liked the part about Ayn Rand and have always felt she needs to be put in her place with cult followers. About six years ago I signed up for a payday loan. I paid it off, and it kept me in business. Then about three years ago I had a 20% in six months interest loan, and used that capital to expand my business. I am now debt free. I wonder in a society who would loan people money who need it? An interest free society seems ideal, and I for sure want to see Western Culture go that way. I just wonder who or how would good enterprises survive without loans? How could we restructure our society to loan money to people who need it, QUICKLY? How would people become doctors and scientists to come up with solutions to our medical problems? Credit unions have low interest loans, only 2% for car notes right now. It seems like a system if we can't borrow money, then we can not get ahead. Who wants to loan people money for no interest? There needs to be some sort of reform in society, but the book did not offer many solutions or executions on how to implement this. In the old days people paid cash for cars, but they were only $2,000 and $3,000 and lacked safety features. Now cars are $25,000+ because of complex safety features and computers. Should everyone walk until they save enough? I know my car payment with 5% interest is less than the repair bills I had at mechanic shops when I was driving $1,000 cars.
Something needs to be done, and I think the FICO system is messed up. It was a refreshing read, and I think the church should preach more on anti usury.
2 of 2 people found the following review helpful.
Hoffman's work is intelligent, organized and well-researched
By Katharine A. Rundle
This book was not quite what I expected, but it was well-worth my time and money. The author has done a remarkable job in collecting the relevant history, both catholic and secular of the middle ages to the 14th and 15th centuries on the subject of usury. After 1500 years of flat prohibition of charging any form of fee, benefit, profit, et al from the loaning of money (usury), the Church begins to wittle away at its own teaching -- under pressure to adopt the economic realities of the greed-driven bankers and the consequences of the black death. Hoffman pulls no punches in showing the hypocrisy of the Church in its efforts to make usury acceptable and not a mortal sin. The scope of the work is powerful and the quotes and documents researched by Hoffman are impressive. I have been researching my own project in this field, which is why I bought the book, and am grateful to Hoffman for his meticulous work. I do have one criticism -- that is, I think he is overstating the "innocence of the Jews" in the matter of advancing financial control of Europe and eventually the New World. I thoroughly agree with Hoffman that the Church must shoulder significant blame for our present missery with the Money Power (as Hoffman calls it) and the impericism and war which their gestalt cause; but, I think that the Jews, driven from the collapsing Kazarian Kingdom in the mid 10th century into Poland, Germany and especially England, must be held equally accountable. Notwithstanding that, Hoffman's work is intelligent, organized and well-researched; it is a great source of other materials, in particular quote from Popes in bygone middle ages. I am very glad I bought it and recommend to others with interest in this field.
46 of 50 people found the following review helpful.
Eloquent, elegant unmasking of the Money Power's wicked modernist roots
By ASE-Baltimore
Our economies are based on debt and speculation and the seat of the Money Power outside Asia is in the Western "Christian" (not the Eastern Orthodox) lands. Hence, the author, Michael Hoffman, traces the gradual decay of the Western Christian prohibition on usury and the rise of the Money Power and numerous resulting destructive practices in society. By rendering anew ancient verities, the author offers an antidote to the amnesiac modern mind. Through a gap in cognition, we have come to accept as normal the charging of interest on loans, and speculative investments, in other words, USURY. Though we now think of usury as EXORBITANT interest, the author demonstrates that for the first fifteen hundred years of Christianity, the lending of money at interest was universally condemned by Christian authorities as a grave sin and was in broad disrepute among the populace. The book also makes clear that ALL FORMS of greed, avarice, cupidity, covetousness, etc. was traditionally condemned by the Catholic Church until the Renaissance, and by the early Puritans.
The author demolishes rogue theories such as the New Testament's total prohibition against usury being merely a standard of perfection, but not a Divine requirement. In Luke 6:34-35, Jesus exceeds the Old Testament's prohibition on charging usury to a fellow believer by explaining why it is not to be imposed on anyone whomever. In part by relating that the Old Testament's permission for usury against the wicked heathen (nokri) of that time was God's weapon of warfare against them, the author demonstrates that the New Testament's total prohibition is a Divine requirement.
The author then lets the intellectual advocates of usury and greed condemn these vices, and themselves, with their own words. They reveal their prideful mindset of situation ethics and in some cases, such as Ayn Rand, megalomaniacal insanity.
In the chapter entitled "Agents of the Money Power", Hoffman gives a concise explanation of the dialectical synthesis between the materialist ideologies of Communism (Marx's "scientific socialism") and Ayn Rand's "free market" Capitalism.
From ancient times usury was considered a sin against natural increase because money cannot breed itself except through artifice. Money had always been a medium of exchange only, and not a commodity in itself.
The reason usury and greed were considered grave sins by the Church begins with 1 Timothy: 6-10-"The love of money is the root of all evil." The author demonstrates how the love of money is the root of all evil in both the theological and secular realms-(p.339-340). Once the right to tamper with the Word of God has been established, man's prideful tampering with the natural order becomes dominant. Since man is not omniscient, this tampering will eventually create consequences as yet undreamed of.
The philosophy behind the Biblical and Canonistic prohibition on usury was that people should lend freely because they have a vested interest in their neighbor's prosperity, and not their perpetual indebtedness.
Speculation was also considered usury and the author gives an example of the Commenda contract, a non-usurious business arrangement. The Commenda contract reflects production and labor, not speculation. Another example of non-usurious business is the Guild system of a just price and a living wage.
The chapter entitled "'Jewish' Usury" is most interesting. The pro-usury Nominalist school of Catholism eclipsed the pro-Biblical and Patristic Scholasticism of Aquinas and gained purchase in the Vatican hierarchy. The Vatican wanted a "Christian" lending society to compete with and undercut Judaic usurers, and created the "monte di pieta" societies of "charity" banks that charged "moderate" interest to cover "expenses". This stance influenced Protestantism, though there was great resistance to usury, cupidity and Mammon among the Lutherans and early Puritans. Eventually, mission creep ensued, and the large gentile banks merged with the large Judaic banks to form the modern international system of finance that oppresses the entire world.
Nominalism transformed money from a medium of exchange into a "value" in itself. This weakened the Catholic Church's authority as arbiter of what constitutes reality, or truth. Perhaps coincidentally, this happened around the same time that Catholism accepted the Neoplatonist occult philosophy, which later spread to the Church of England. But the Roman Catholic Council of Trent (1545-1563) bucked the trend and reaffirmed the Biblical and Patristic definition of usury and its mortal sinfulness. THIS IS KEY, because it provides the de jure basis for a new declaration, ex cathedra, prohibiting usury among Catholics. Although the Church at its command level did not follow through and attempt to interdict usury, there is a history of usury being opposed at the parish level, and in one case at the diocesan level, based on the declaration at the Council of Trent.
Another major point emphasized is that the exact same rationale which was used by the Churches to nullify the prohibition on usury is used by modernists to further their agendas. It is an irony of history that it was the liberal humanists who opposed and obstructed the early Puritan's Biblical Literalist and Moral Absolutist stance against usury and the "merchant culture", what we today call capitalism. Monetary profits from tampering with nature, abortion enablement, and militarism, and socially acceptable promotion of sexual deviancy all have their roots in the dawn of the spirit of modern capitalism through the tolerance and acceptance of usury and greed. Both social conservatives and anti-capitalist social justice campaigners will benefit from this book, IF they have an open mind. All of us who have engaged in usury to any degree now have a lot of soul searching to do.
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