In a 34 minute 50 second radio interview with Catholic author E. Michael Jones conducted by American Free Press editor Mark Anderson, at a point 31 minutes and ten seconds into the broadcast: Mr. Anderson says to Dr. Jones: "As Michael Hoffman has noted too, for so long usury was illegal, a sin, a disgrace —"
(Jones interrupts Anderson): "First of all it has never ceased being a sin. The Catholic Church has never declared that usury is not sinful. It's still a sin. It's a mistake to think that the Church has changed its teaching on usury. That is not the case."
Anderson: "Yeah, maybe they don't emphasize it like they should."
Jones: "Of course they don't emphasize it, but it is still the teaching of the Church. Vix Pervenit is an infallible encyclical of the Catholic Church. That is the Church teaching, so we need to lay this illusion to rest."
Michael Hoffman replies:
I have not been asked to respond to Dr. Jones by Mr. Anderson, but I will do so here, as follows:
If the Catholic Church considers usury still a mortal sin, as E. Michael Jones alleges, why does no usurer have to confess his or her sin and receive absolution before attending Holy Communion?
Since 1830, under the pontificate of Pius VIII (and all subsequent popes), mortally sinful, unrepentant usurers have been admitted to reception of the Holy Eucharist without having confessed or been absolved.
In Vix Pervenit (1745) Benedict XIV expanded Leo X’s "infallible" 1515 Bulla Concilii in decima sessione super materia Montis Pietati, promulgating the lawfulness of charging interest for philanthropic ends, to include the lawfulness of interest on investment credit capital. While Vix Pervenit is often cited, by the semi-literate, as a reaffirmation of the magisterial pre-Renaissance dogma on usury, such claims represent an intellectually lazy failure to note and comprehend Vix Pervenit’s “fine print.” After many anti-usury rhetorical flourishes throughout the document, the technique of the devolutionary degradation of God’s law through gradualism was deployed with the following subtle papal statement:
Jones accepts Vix Pervenit at face value, even though Vix Pervenit is a textbook example of Vatican dissimulation and misdirection, very much in the tenor of the current Pope Francis's undoubtedly eloquent jeremiads against avarice and obsessive pursuit of economic affluence to the detriment of family values. Exceedingly naive people believe that this sort of oratory signifies something. But Jesus Christ said By their fruits ye shall know them, not by their palaver.
Res ipsa loquitor - the facts speak for themselves - usury, both from inside the papacy and among Catholics in general, has grown exponentially, largely unimpeded, from Leo X in 1515, through Benedict XIV in 1745, Pius VIII in 1830, Benedict XV in 1917, John Paul II in 1983, up to the present time of Benedict XVI and now Francis. In the midst of all of these pontificates no other pope restored the mortal sinfulness of usury, or declared that all interest on loans of money must cease immediately, on pain of eternal damantion.
Vix Pervenit was by no means the last word of the post-Renaissance Church on usury. Dr. Jones should explain to his audience the Catholic Code of Canon Law of 1917, which approved interest on loans. One definition of usury is the charging of a profit on a loan of a consumable fungible good. The 1917 Code of Canon Law declares, “...in the loan of a fungible thing, it is not by itself illicit to reap a legal profit..."
No change, Dr. Jones?
The Catholic Code of Canon Law of 1983 actually requires clerics in charge of church funds to obtain interest on money, and a usury bank, the IOR (Istituto per le Opere di Religione), has operated for decades in Vatican City, under papal auspices.
No change, Dr. Jones?
When the new Pope Francis inveighs against economic predation and injustice while continuing the nearly 500 year revolutionary practice of the Church of Rome to incrementally permit the mortal sin of usury, the pontiff is only ensuring that it will continue. His deceptive rhetoric functions as a disguise, to mask the reality of the overthrow of the dogma of usury's mortal sinfulness by the Church of Rome.
By the 19th and 20th centuries many Catholics had been sufficiently alchemically processed that most failed to protest the fact that usury was by then no longer a mortal sin. The absolute proof for this fact is that the obligation to confess and be absolved of the sin of charging interest on loans was quietly lifted with papal permission, beginning in 1830, after which the "teaching of the Catholic Church," i.e. the Canon Law, declared that interest on a loan is lawful if not "immoderate." Finally, in 1983, the Canon Law mandated that clerics were to be sure to obtain interest on eclesiastical monies.
Denying these facts does nothing to advance the the Gospel of Jesus Christ and the True Church of All Time. The Church of Jesus Christ is based on Truth and formed by believers possessed of the vision and courage to proclaim that Truth, however much it dismays true believers in modernist religious rackets put forth by pious mountebanks.
Many of us learned this harsh truth long ago with regard to the betrayals by popes such as Paul VI, John Paul II and Benedict XVI. The notion that this subversive papal phenomenon is almost exclusively limited to the era of the 20th and 21st centuries has masterfully succeeded in concealing the root of the situation ethics that produced Vatican Council II's Nostra Aetate, and post-conciliar betrayals and subversion. Situation ethics began to rule the Church of Rome five centuries ago, not 50 years ago. Until Catholics learn this historical fact they will not be able to overcome the enemies of God and will continue to be misdirected into impotent activism based on half truths. My book on usury is intended to spark the beginning of a process of historical investigation of the authentic root of the diabolical financial arcana that gave rise to situation ethics within the papacy. It is tragic that at five minutes to midnight on the clock of destiny, prominent Catholics continue to seek to interdict an investigation of the trail of the Money Power’s usurpation of the papacy, by expecting us to submit to their childish belief in the credibility of Vatican doubletalk.
The only way my facts can be successfully countered is by the familiar under-handed tactics of silence and suppression. My opponents have no other answer to my research. My thanks to Mr. Anderson of the American Free Press for mentioning my thesis to Dr. Jones on the air, and to First Amendment Books for selling copies of my book to readers of the American Free Press newspaper. These are two tiny candles in a cavern of darkness -- but who knows -- perhaps they will yet ignite a flame of inquiry that cannot be extinguished.
Mark L. of North Carolina writes: "The only illusion that Jones is creating here is one of his own making. The evidence you supply in Usury in Christendom is overwhelming and short of discrediting the source material, will stand."
That may be true, but some people’s minds will never be changed. One can give proof and people are not persuaded because their biases are so intense. The more proof Jesus gave to the Jews of who He was, the more intensely they hated him. The human heart by nature is hostile to truth.
(Jones interrupts Anderson): "First of all it has never ceased being a sin. The Catholic Church has never declared that usury is not sinful. It's still a sin. It's a mistake to think that the Church has changed its teaching on usury. That is not the case."
Anderson: "Yeah, maybe they don't emphasize it like they should."
Jones: "Of course they don't emphasize it, but it is still the teaching of the Church. Vix Pervenit is an infallible encyclical of the Catholic Church. That is the Church teaching, so we need to lay this illusion to rest."
Michael Hoffman replies:
I have not been asked to respond to Dr. Jones by Mr. Anderson, but I will do so here, as follows:
If the Catholic Church considers usury still a mortal sin, as E. Michael Jones alleges, why does no usurer have to confess his or her sin and receive absolution before attending Holy Communion?
Since 1830, under the pontificate of Pius VIII (and all subsequent popes), mortally sinful, unrepentant usurers have been admitted to reception of the Holy Eucharist without having confessed or been absolved.
In Vix Pervenit (1745) Benedict XIV expanded Leo X’s "infallible" 1515 Bulla Concilii in decima sessione super materia Montis Pietati, promulgating the lawfulness of charging interest for philanthropic ends, to include the lawfulness of interest on investment credit capital. While Vix Pervenit is often cited, by the semi-literate, as a reaffirmation of the magisterial pre-Renaissance dogma on usury, such claims represent an intellectually lazy failure to note and comprehend Vix Pervenit’s “fine print.” After many anti-usury rhetorical flourishes throughout the document, the technique of the devolutionary degradation of God’s law through gradualism was deployed with the following subtle papal statement:
“We do not deny that at times together with the loan contract certain other titles — which are not intrinsic to the contract — may run parallel with it. From these other titles, entirely just and legitimate reasons arise to demand something over and above the amount due on the contract.”The papal usurers apply rabbinic-style loopholes to sneak their usury past the eyes of gullible Catholics who have a psychological need to believe that the Renaissance and post-Renaissance Church of Rome did not overthrow the dogma of the True Church. Vix Pervenit consists of 98% anti-usury rhetoric and 2% loopholes by which usury could continue to operate. Note that in Vix Pervenit Benedict XIV declined to apply the general prohibition to the specific usury contracts which gave rise for the need for his encyclical in the first place.
Jones accepts Vix Pervenit at face value, even though Vix Pervenit is a textbook example of Vatican dissimulation and misdirection, very much in the tenor of the current Pope Francis's undoubtedly eloquent jeremiads against avarice and obsessive pursuit of economic affluence to the detriment of family values. Exceedingly naive people believe that this sort of oratory signifies something. But Jesus Christ said By their fruits ye shall know them, not by their palaver.
Res ipsa loquitor - the facts speak for themselves - usury, both from inside the papacy and among Catholics in general, has grown exponentially, largely unimpeded, from Leo X in 1515, through Benedict XIV in 1745, Pius VIII in 1830, Benedict XV in 1917, John Paul II in 1983, up to the present time of Benedict XVI and now Francis. In the midst of all of these pontificates no other pope restored the mortal sinfulness of usury, or declared that all interest on loans of money must cease immediately, on pain of eternal damantion.
Vix Pervenit was by no means the last word of the post-Renaissance Church on usury. Dr. Jones should explain to his audience the Catholic Code of Canon Law of 1917, which approved interest on loans. One definition of usury is the charging of a profit on a loan of a consumable fungible good. The 1917 Code of Canon Law declares, “...in the loan of a fungible thing, it is not by itself illicit to reap a legal profit..."
No change, Dr. Jones?
The Catholic Code of Canon Law of 1983 actually requires clerics in charge of church funds to obtain interest on money, and a usury bank, the IOR (Istituto per le Opere di Religione), has operated for decades in Vatican City, under papal auspices.
No change, Dr. Jones?
When the new Pope Francis inveighs against economic predation and injustice while continuing the nearly 500 year revolutionary practice of the Church of Rome to incrementally permit the mortal sin of usury, the pontiff is only ensuring that it will continue. His deceptive rhetoric functions as a disguise, to mask the reality of the overthrow of the dogma of usury's mortal sinfulness by the Church of Rome.
By the 19th and 20th centuries many Catholics had been sufficiently alchemically processed that most failed to protest the fact that usury was by then no longer a mortal sin. The absolute proof for this fact is that the obligation to confess and be absolved of the sin of charging interest on loans was quietly lifted with papal permission, beginning in 1830, after which the "teaching of the Catholic Church," i.e. the Canon Law, declared that interest on a loan is lawful if not "immoderate." Finally, in 1983, the Canon Law mandated that clerics were to be sure to obtain interest on eclesiastical monies.
Denying these facts does nothing to advance the the Gospel of Jesus Christ and the True Church of All Time. The Church of Jesus Christ is based on Truth and formed by believers possessed of the vision and courage to proclaim that Truth, however much it dismays true believers in modernist religious rackets put forth by pious mountebanks.
Many of us learned this harsh truth long ago with regard to the betrayals by popes such as Paul VI, John Paul II and Benedict XVI. The notion that this subversive papal phenomenon is almost exclusively limited to the era of the 20th and 21st centuries has masterfully succeeded in concealing the root of the situation ethics that produced Vatican Council II's Nostra Aetate, and post-conciliar betrayals and subversion. Situation ethics began to rule the Church of Rome five centuries ago, not 50 years ago. Until Catholics learn this historical fact they will not be able to overcome the enemies of God and will continue to be misdirected into impotent activism based on half truths. My book on usury is intended to spark the beginning of a process of historical investigation of the authentic root of the diabolical financial arcana that gave rise to situation ethics within the papacy. It is tragic that at five minutes to midnight on the clock of destiny, prominent Catholics continue to seek to interdict an investigation of the trail of the Money Power’s usurpation of the papacy, by expecting us to submit to their childish belief in the credibility of Vatican doubletalk.
The only way my facts can be successfully countered is by the familiar under-handed tactics of silence and suppression. My opponents have no other answer to my research. My thanks to Mr. Anderson of the American Free Press for mentioning my thesis to Dr. Jones on the air, and to First Amendment Books for selling copies of my book to readers of the American Free Press newspaper. These are two tiny candles in a cavern of darkness -- but who knows -- perhaps they will yet ignite a flame of inquiry that cannot be extinguished.
Mark L. of North Carolina writes: "The only illusion that Jones is creating here is one of his own making. The evidence you supply in Usury in Christendom is overwhelming and short of discrediting the source material, will stand."
That may be true, but some people’s minds will never be changed. One can give proof and people are not persuaded because their biases are so intense. The more proof Jesus gave to the Jews of who He was, the more intensely they hated him. The human heart by nature is hostile to truth.
For further research:
E. Michael Jones interviewed by Mark Anderson online concerning Michael Hoffman (segment begins at 31 minutes, ten seconds into the approximately 35 minute broadcast):
Michael Hoffman Talks About Usury (approx. 33 minutes)
Michael Hoffman is the author of Usury in Christendom: The Mortal Sin that Was and Now is Not (paperback; 416 pages), which has been endorsed by Rev. Fr. Christopher Hunter, pastor of St. Therese Roman Catholic Chapel in Klamath Falls, Oregon; and by anti-usury campaigners Anthony Migchels and Daniel Krynicki, as well as Amazon reader-reviewers. Usury in Christendom is blacklisted and boycotted by numerous Catholic leaders, publications and organizations. "Catholic Social Teaching" conferences and gatherings have declined to feature Hoffman as either a speaker, debater or participant.
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