You don’t need to be an anti-semite, or even believe it is Jews who are the predominant benefactors of Central Banking, to be opposed to its practice - it could be a majority American or Canadian enterprise, it wouldn’t matter. It could be controlled by any number of persons, benefiting illegitimately from its practice, and their religion is of no concern. The people, not a private sect of wealthy financiers, should issue their own currency, as a nation’s currency is based on the (good) Faith and Credit of its people, represented by private, corporate, and public faithfulness to their obligations (debts, promises), but especially their public representatives.
It is illogical for a sovereign nation to charge itself interest when they are perfectly capable of issuing their own coin, currency and credit. Ultimately, it is their faithfulness to their promises and obligations that regulates its value. It is as aburd as charging yourself interest from withdrawing from your savings account, and giving that interest to the bank as a form of monetary discipline, for a nation to indebt itself to a private monopoly bank, which could not itself exist without the State’s sanction and protection by law. Abuse would have consequences and wisdom would have benefits - to both citizens and government if the public managed the monetary system, and quit a debt-based, interest-bearing currency. Squandering the nation’s wealth via interest charges that are syphoned out to private citizens or foreign interests is absurd ; further, a nation’s currency ought to be managed for purely national and sovereign concerns - for the public good - ; otherwise, fiscal or private interests may trump national ones, for example, in times of war.
President Andrew Jackson, upon his veto of the Renewal of America’s then central bank’s charter, clearly and succinctly outlines the absurdity of privatizing a public and natural monopoly, such as the issuance of credit and currency is.
Usury is a sin specifically because it desires to take what was never given, to profit from either the want or ignorance of our neighbours. It becomes anti-social, as ultimately it ends in despoilment of the debtor by the creditor, or the imposition of a kind of bondage that is beneath the proper dignity of man. Lending your neighbour a sum of money at interest out of his desperation, then taking his house and throwing his family to the streets, is a simplified example of what usury, ultimately, is, and the kind of spirit that is necessary to justify it - a most merciless one.
Pax,
Tim