Time

Italian Professors Confirm “Outright False Accounting” and “Double Nature” of Bank ‘Money’

Doublethink means the power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them.

These contradictions are not accidental, nor do they result from ordinary hypocrisy: they are deliberate exercises in doublethink. For it is only by reconciling contradictions that power can be retained indefinitely. In no other way could the ancient cycle be broken. If human equality is to be forever averted—if the High, as we have called them, are to keep their places permanently—then the prevailing mental condition must be controlled insanity.

George Orwell, Nineteen Eighty-Four

 

Oh the irony.

Or perhaps rather, the karma.

From the birthplace of el modo vinegia (“the Venetian Method”) of Double Entry Bookkeeping, and the modern banking Usurocracy that it spawned more than half a millennium ago, comes academic confirmation of the “outright false accounting” and “double nature” of bank ‘money’.

Exactly as explained in my 2016 essay, Dishonourable Debt: Why Borrowers Are Not Legally Bound To Repay Bank Loans.

Professor of Accounting Massimo Costa, along with former international financial markets professor and current World Bank and IMF advisor Biagio Bossone, have confirmed that so-called “money of account” created by Double Entry Bookkeeping is a “systematically concealed” tool for extracting “seigniorage rent” from the labour of the human race.

In academic jargon, it is “a structural element of subtraction of net real resources from the economy, with potentially deflationary effects on profits and/or wages, distributional consequences, and frictions between capital and labor.”

In other words, the global banking system is an enormous parasite, and its parasitic method is fraudulent.

Their article relates to the heart of my essays (eg, here, here, here, here, here) on the ancient, alchemical philosophistry – the word ‘magic’ with numbers added – on which the ‘modern’ banking system is built.

According to Costa and Bossone (Monies (old and new) through the lens of modern accounting), banks are “hybrid institutions”, and customer deposits are “‘hybrid’ liabilities”:

More generally, absent adverse economic or market contingencies inducing depositors to convert deposits into cash, the liabilities represented by deposits only partly constitute debt liabilities of the issuing bank, which as such require [central bank] reserve coverage. The remaining part of the liabilities is a source of income for the issuing bank – income that derives from the bank’s power to create money. In accounting terms, to the extent that this income is undistributed, it is equivalent to equity.

This double nature of demand deposits is stochastic in as much as, at issuance, every deposit unit can be either debt (if, with a certain probability, the issuing bank receives requests for cash conversion or interbank settlement) or equity (with complementary probability).

This is exactly as I explained in Dishonourable Debt:

Despite the fact that they claim to have loaned us all this money, thanks to the magical paradox at the heart of double-entry accounting, they also claim, simultaneously, precisely the opposite to be true that we have actually loaned all that money to them.

[..]

Believe it or not, there is an explanation—albeit a perverse, morally abhorrent and unconscionable explanation—for this, and in turn, for how the creeping global preparations to legally steal the “deposit” assets of bank customers (refer above diagram) is able to be “justified” by the banks, the financial and political authorities, and the unelected, BIS-funded, Goldman Sachs alumni-chaired FSB.

At the heart of the matter is the ever-present paradox of perspective inherent in the Babylonian Duality Principle on which double-entry accounting is based.

Banks are able to create new (so-called) ‘money’ ex nihilo through the loan origination process. As this is recorded using double-entry accounting, every new loan results in a new Asset and a new Liability on the banks’ balance sheet records.

However, because banks act both as new loan (thus, new ‘money’) originators and as financial intermediaries, there is no way of disaggregating the Liability side of any bank’s balance sheet in order to clearly distinguish between those “deposits” that have arisen in consequence of that bank’s own lending (so-called), and those “deposits” that have arisen in consequence of that bank’s intermediation (i.e., ‘transfers’ of ‘money’ from one customer account to another customer account at the same bank, or, from the customer accounts of other financial institutions to customers of the bank).

Whether or not any particular unit of any particular “deposit” amount could truthfully be defined as ‘money’ loaned to the bank by a customer, or, loaned by the bank to a customer, is dependent on knowing with complete certainty how and when each and every unit came to be recorded in the customer account. The only customer account for which such certainty is possible, is a customer account created by the bank at the moment of first originating a loan, and, before any new entry for even one single fractional unit of the denominated currency has been either added to, or subtracted from that customer account.

There is one further exception – an account established for one of the bankers’ favourite clients—arms dealers, drug cartels, mafioso, and other criminal organisations such as the CIA—at the first moment of the client handing over real legal tender cash notes at the bank to open the account.

In any event, since even a ‘transfer’ of ‘money’ from one bank to another still has the same ultimate origin—an out-of-nothing creation of an electronic record of a mutual exchange of promises to pay—then from a whole-of-banking-system perspective it really doesn’t matter; all so-called ‘money’ on ‘deposit’ is simultaneously owned by the customers, and by the banks.

In other words, the global Usurocracy’s rent-extracting ‘money’ system is based on the arbitrary, subjective, relativist ‘logic’ and philosophistry of Cabala, or what George Orwell called doublethink – “the power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them.”

Doublethink is related to, but differs from, hypocrisy and neutrality. Also related is cognitive dissonance, in which contradictory beliefs cause conflict in one’s mind. Doublethink is notable due to a lack of cognitive dissonance—thus the person is completely unaware of any conflict or contradiction.

Thanks to 503 years of “progressive” regulatory capture – amounting to nothing less than a thinly-concealed regime of state-sponsored Usurocracy – it is the banks’ exclusive privilege to ‘earn’ compounding usury on all the self-annihilating, +1|-1 Double Entry ‘money’ units that they create out of nothing:

Owing to double nature of commercial bank money, a relevant share of the deposits that banks report in the balance sheet as ‘debt toward clients’ generates revenues that are very much similar to the seigniorage rent extracted by the state through the issuance of state money (coins, banknotes, and central bank reserves).

Costa and Bossone confirm that it is precisely this “double nature” of bank ‘money’ that enables banks to hide the reality of their extracting “seigniorage rent” from the labour of the human race. How?

By not recording the value of their imaginary accounting ‘money’ – supposedly “equivalent” to, or, in more honest words, a counterfeit of, real physical government legal tender cash notes and coins – on their Income Statement:

Under current accounting practices, seigniorage is largely underappreciated, it is systematically concealed, and is not allocated to the income statement (where it naturally belongs), while it is recorded on the balance sheet under debt liabilities, thus originating outright false accounting.

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As I extensively evidenced, this fraudulent system is actively aided and abetted by the “secretive”, tax haven-registered, “private” corporations of the international accounting standard-setters; a fact also confirmed – tacitly – by Costa and Bossone:

The stochastic double nature of bank money is consistent with the principles of general accounting as defined in the Conceptual Framework of Financial Reporting, which sets out the concepts underpinning the International Financial Reporting Standards (IFRS). In light of these standards, demand deposits are a hybrid instrument – partly debt and partly revenue. The debt part relates to the share of deposits that will (likely) be converted into cash or reserves, while the revenue part relates to the share of deposits that will (likely) never be converted into cash or reserves. This share of deposits is a source of revenue.

Buch der heiligen Dreifaltigkeit, early 1400s_HD_Munich_Image33

The Mercurial Rebis: A Crowned and Bat-winged Hermaphrodite, Buch der heiligen Dreifaltigkeit, late 14th Century (Munich MS, Bayerische Staatsbibliothek, CGM. 598). Source: Adam McLean, alchemywebsite.com

Albertus Magnus from Maier, Symbola aurea mensae, Franckfurt 1617.jpg

Albertus Magnus (c. 1200-1280), from Michael Maier, Symbola aurea mensae, 1617. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

 

What Costa and Bossone (conveniently?) neglect to mention is that the share of so-called ‘deposits’ that “will (likely) never be converted into cash or reserves”, and that is thus “a source of revenue,” is around 97%.

Maier, Atalanta Fugiens series_AF01

Michael Maier, Atalanta Fugiens: Emblemata Nova de Secretis Naturae Chymica, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

 

Rather like the banks conveniently neglecting to mention the same 97% on their Income Statement.

Apparently it is sufficient to describe what is in reality the vast majority as merely “a relevant share”.

 

In “Dishonourable Debt” we saw that effective July 1, 2009 – in the middle of the global banking liquidity crisis known as the “GFC” – the Financial Accounting Standards Board (FASB) introduced Accounting Standards Codification (ASC) §305 Cash and Cash Equivalents. This new standard effectively sanctioned – and further concealed – the banks’ misleading and deceptive conduct in renting their electronic records of promises to pay physical cash under the guise of so-called ‘money’. As I observed:

The FASB has ex post facto codified that banks may consider bank ‘credits’ (a record of a promise to pay cash) as actually being “cash” for accounting purposes; that the customers’ perspective of bank ‘credits’ “shall” be that those ‘credits’ are (literal physical) “cash”, and, that they are not amounts owed to them by the bank…

Pure Orwellian doublethink.

This should help us to understand the real reason why, for several decades, there has been an accelerating drive by the international banking system to ‘normalise’ numerous forms of electronic banking and ‘money’ – including crypto currencies – and more recently, to actively discourage and even to incrementally (“Boiling Frog” strategy) restrict or outright ban the use of physical cash.

Contrary to all propaganda, this carrots-and-sticks drive towards a global economy reliant on pure abstraction, rather than real physical currency, has nothing to do with improving “convenience” for the public, or “efficiency” in the banking system, much less with “fighting crime” or “the black market”.

Real physical cash – State legal tender – is perhaps the weakest link in the Usurocracy’s “golden chain” of Double Entry ‘magic’ enslaving the human race.

Real physical cash is what the Usurocracy is counterfeiting, using +1|-1 Double Entry nullities, and then “systematically” concealing by not reporting their counterfeit ‘cash’ on their Income Statements.

Once physical cash is eliminated, the promises-to-pay ‘money’ system will be fully “unfettered” and “independent” from the real, tangible world. It will exist solely in the abstract, “imaginary”, ‘magic’ paradox-riddled, counterfeit world (pun intended) of Double Entry Bookkeeping controlled by the Usurocracy.

“The bookkeeper can be king if the public can be kept ignorant of the methodology of the bookkeeping.”

Do read and share this outstanding resource compiled by Urunu:  The Cashless Society.

 

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Mysticism, Time

“Perhaps It Is Not An Accident”

Saturn Devouring His Son, Francisco Goya (1819-1823). (Source: Wikipedia)

I feel sure that with a little more experience we shall use the new-found bounty of nature quite differently from the way in which the rich use it to-day, and will map out for ourselves a plan of life quite otherwise than theirs.

For many ages to come the old Adam will be so strong in us that everybody will need to do some work if he is to be contented. We shall do more things for ourselves than is usual with the rich to-day, only too glad to have small duties and tasks and routines. But beyond this, we shall endeavour to spread the bread thin on the butter – to make what work there is still to be done to be as widely shared as possible. Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us!

There are changes in other spheres too which we must expect to come. When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exalted some of the most distasteful of human qualities into the position of the highest virtues. We shall be able to afford to dare to assess the money-motive at its true value. The love of money as a possession – as distinguished from the love of money as a means to the enjoyments and realities of life – will be recognised for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease. All kinds of social customs and economic practices, affecting the distribution of wealth and of economic rewards and penalties, which we now maintain at all costs, however distasteful and unjust they may be in themselves, because they are tremendously useful in promoting the accumulation of capital, we shall then be free, at last, to discard.

“Within a few centuries, the new capitalist spirit challenged the basic Christian ethic: the boundless ego of Sir Gales Overreach and his fellows in the marketplace had no room for charity or love in any of their ancient senses. The capitalist scheme of values in fact transformed five of the seven deadly sins of Christianity – pride, envy, greed, avarice, and lust – into positive social virtues, treating them as necessary incentives to all economic enterprise; while the cardinal virtues, beginning with love and humility, were rejected as ‘bad for business,’ except in the degree that they made the working class more docile and more amenable to cold-blooded exploitation.

In sum, where capitalism prospered, it established three main canons for successful economic enterprise: the calculation of quantity, the observation and regimentation of time (‘Time is Money’), and the concentration on abstract pecuniary rewards. Its ultimate values – Power, Profit, Prestige – derive from these sources and all of them can be traced back, under the flimsiest of disguises, to the Pyramid Age. The first produced the universal accountancy of profit and loss; the second ensured productive efficiency in men as well as machines; the third introduced a driving motive into daily life, equivalent on its own base level to the monk’s search for an eternal reward in Heaven. The pursuit of money became a passion and an obsession: the end to which all other ends were means.” 1

Of course there will still be many people with intense, unsatisfied purposiveness who will blindly pursue wealth – unless they can find some plausible substitute. But the rest of us will no longer be under any obligation to applaud and encourage them. For we shall inquire more curiously than is safe today into the true character of this “purposiveness” with which in varying degrees Nature has endowed almost all of us. For purposiveness means that we are more concerned with the remote future results of our actions than with their own quality or their immediate effects on our own environment.

“No one can serve two masters; for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and mammon [money, possessions, fame, status, or whatever is valued more than the Lord].

Therefore I tell you, stop being worried or anxious (perpetually uneasy, distracted) about your life, as to what you will eat or what you will drink; nor about your body, as to what you will wear. Is life not more than food, and the body more than clothing? Look at the birds of the air; they neither sow [seed] nor reap [the harvest] nor gather [the crops] into barns, and yet your heavenly Father keeps feeding them. Are you not worth much more than they? And who of you by worrying can add one hour to [the length of] his life? And why are you worried about clothes? See how the lilies and wildflowers of the field grow; they do not labor nor do they spin [wool to make clothing], yet I say to you that not even Solomon in all his glory and splendor dressed himself like one of these. But if God so clothes the grass of the field, which is alive and green today and tomorrow is [cut and] thrown [as fuel] into the furnace, will He not much more clothe you? You of little faith! Therefore do not worry or be anxious (perpetually uneasy, distracted), saying, ‘What are we going to eat?’ or ‘What are we going to drink?’ or ‘What are we going to wear?’ For the [pagan] Gentiles eagerly seek all these things; [but do not worry,] for your heavenly Father knows that you need them. But first and most importantly seek (aim at, strive after) His kingdom and His righteousness [His way of doing and being right—the attitude and character of God], and all these things will be given to you also.” 2

The “purposive” man is always trying to secure a spurious and delusive immortality for his acts by pushing his interest in them forward into time. He does not love his cat, but his cat’s kittens; nor, in truth, the kittens, but only the kittens’ kittens, and so on forward forever to the end of cat-dom. For him jam is not jam unless it is a case of jam to-morrow and never jam to-day. Thus by pushing his jam always forward into the future, he strives to secure for his act of boiling it an immortality.

The Book of Lambspring, 1599, illustration from re-edition “Dyas chymica tripartita”, 1625. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Let me remind you of the Professor in Sylvie and Bruno:

“Only the tailor, sir, with your little bill,” said a meek voce outside the door.

“Ah, well, I can soon settle his business,” the Professor said to the children, “if you’ll just wait a minute. How much is it, this year, my man?” The tailor had come in while he was speaking.

“Well, it’s been a-doubling so many years, you see,” the tailor replied, a little grufy, “and I think I’d like the money now. It’s two thousand pound, it is!”

“Oh, that’s nothing!” the Professor carelessly remarked, feeling in his pocket, as if he always carried at least that amount about with him. “But wouldn’t you like to wait just another year and make it four thousand? Just think how rich you’d be! Why, you might be a king, if you liked!”

“I don’t know as I’d care about being a king,” the man said thoughtfully. “But it dew sound a powerful sight o’ money! Well, I think I’ll wait–”

“Of course you will!” said the Professor. “There’s good sense in you, I see. Good-day to you, my man!”

“Will you ever have to pay him that four thousand pounds?” Sylvie asked as the door closed on the departing creditor.

“Never, my child!” the Professor replied emphatically. “He’ll go on doubling it till he dies. You see, it’s always worth while waiting another year to get twice as much money!”

Perhaps it is not an accident that the race which did most to bring the promise of immortality into the heart and essence of our religions has also done most for the principle of compound interest and particularly loves this most purposive of human institutions.

I see us free, therefore, to return to some of the most sure and certain principles of religion and traditional virtue – that avarice is a vice, that the exaction of usury is a misdemeanour, and the love of money is detestable, that those walk most truly in the paths of virtue and sane wisdom who take least thought for the morrow. We shall once more value ends above means and prefer the good to the useful. We shall honour those who can teach us how to pluck the hour and the day virtuously and well, the delightful people who are capable of taking direct enjoyment in things, the lilies of the field who toil not, neither do they spin.

But beware! The time for all this is not yet. For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still. For only they can lead us out of the tunnel of economic necessity into daylight.

 

– John Maynard Keynes, Economic Possibilities for our Grandchildren, Essays In Persuasion, The Future, 1930

 

****

POSTSCRIPT:  Goya’s painting Saturn Devouring His Son depicts the myth of the Greek titan Cronus (“Time”), in Goya’s title Romanized to Saturn; the god of generation/birth/life and dissolution/death (note the Union of Opposites) wealth, abundance, agriculture, periodic renewal and “liberation”.

In Rome, the Temple of Saturn housed the state treasury (Aerarium). The famous Saturnalia celebrated him with feasting, role reversals, free speech*, and revelry.

According to tradition, Cronus (i.e., the Semitic god El) – who envied and overthrew his father† Uranus – feared that one of his sons would overthrow him, and so devoured them at birth.

Have you spotted the ancient alchemical “transformation” allegory for debt-at-compounding-“interest” magick ‘money’ yet?

Chronos (“Time”) and Mercury-Hermes. Dragon symbolises the female (debt) principle | Abraham Eleazar, Uraltes chymisches Werck, ‘Flamel’, 1735. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

* One wonders whether the “free speech” of the Saturnalia was similar to that of the role-reversing cult festivals of the Sumerian goddess Inanna (eg, an emphasis on the scatological), where all social taboos were deliberately broken in a debauched (de-value-d), “carnivalesque” celebration of the goddess.

† “Rabbi Nathan met the prophet Elijah. He asked him, ‘What was the Holy One, Blessed be He, doing in that hour?’

“Said Elijah, ‘He was laughing and saying, “My children have defeated me, my children have defeated me.”’

Babylonian Talmud, Bava Mezia 59b

 

****

[1] Lewis Mumford, Myth of the Machine (1967)
[2] Jesus of Nazareth, Gospel of Matthew 6:24-33 (Amplified Bible)

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Mysticism, Time

Cheating Females: Milk And Honey Were Their Lies

Gold on silver
Is the Autumn
Soft and tender
Are her skies
Yes and no
Are the answers
Written in
My true love’s eyes[43]

Frontispiece from Christopher Love Morley Collectanea chymica Leydensia, Leiden, 1693

Christopher Love Morley, Collectanea chymica Leidensia contracta, Leiden, 1693. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

[If you have not yet done so, I urge you to read Part 1 of this essay, before continuing with this Part 2.]

 

To fully understand the base principles of alchemical cheating through the ages – did you see what I did then? – we need to travel back in time, to ancient Mesopotamia.

It is here, in the Fertile Crescent – the Cradle of Civilisation – that archaeologists have uncovered abundant evidence for the earliest recorded origins of two fundamental concepts, or principles, that are still with us today. Together, they are the foundation for fully understanding what George Orwell (1984) described as doublethink – “a vast system of mental cheating”.

These two principles are embedded not only in the monetary art of males cheating females but also in Eastern and Western philosophy, politics, religion, occultism, economics (but I repeat myself), science; indeed, in all realms of human thought, belief, and activity.

The Unity (or Union) of Opposites.

And the Law of Inversion (or reversal).

The Unity of Opposites is an abstract idea – a belief – that all things are created out of the union – the Sacred Marriage – of two equal, “gender” opposites.

A male principle (active, creative, “light”, positive, good).

And a female principle (passive, destructive, “dark”, negative, evil).

This is the exoteric (suitable for the public) principle in alchemy – the manipulated or engineered “transformation” of something, from a “lower” form into a “higher” form.

Like, let’s say, “transforming” a female (evil) into a male (good).

Or, “transforming” your promise to pay the customer real cash (liability), into a record of an unsecured, borrowed from the customer “deposit” (asset).[44]

Robert Fludd, Utriusque Cosmi Maioris scilicet et Minoris Metaphysica Physica Atque Technica Historia, 1617-1621

Robert Fludd, Utriusque Cosmi Maioris scilicet et Minoris Metaphysica Physica Atque Technica Historia, 1617-1621. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

As the alchemical principles are believed to be universal, in theory everything can be manipulated and transformed, including minerals (eg, lead into gold), biological matter, ideas, markets, society, and even human consciousness itself.

The only way to do so, however, is by a precise inversion, or reversal, of values.

Lying, and cheating.

In other words, by faking it.

Counterfeiting.

According to Ahmad al-Hassan (Arabic Alchemy ‘Ilm al-San’a: Science of the Art), the Unity of Opposites principle first appears in ancient Babylonia:

The Babylonians believed that the universe originated from water. They noticed also that the universe contains opposite elements. Thus there is day and night; light and darkness; male and female; hot and cold; wet and dry. There is also the good and the evil, and in general, there is for every feature an opposite one. It is also possible to divide matter into two opposite elements, and from these two opposite elements everything can be generated.

De Alchimia opuscula complura veterum philosophorum, Frankfurt, 1550

De Alchimia opuscula complura veterum philosophorum (“Rosary of the Philosophers”), Frankfurt, 1550. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

The Babylonians were keen observers of the stars; and from their early history they believed that the gods are in control of the planets. They believed also that the sun, the moon and the other planets [five then known; with sun and moon, seven “gates”] have influence on what happens on earth. This was the beginning of astrology. The influence of the planets involves metals; thus sun influences gold, and the moon influences silver, and the other planets control the remaining metals.

Engraving from Musaeum hermeticum, Frankfurt 1625

Musaeum hermeticum, Frankfurt 1625. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

The principle of the two opposites of the Babylonians was inherited by Greek philosophers who were thinking about the nature of matter and whose theories were based in part on the Babylonian concept.[45]

The alchemy of the Middle Ages – and the Hermetic Reformation (Renaissance, french “rebirth”), and the 18th century Enlightenment – was built on this Babylonian belief in a cosmic, sexual duality:

[T]he alchemic world view was, just like that of Tantrism, dominated by the idea that our universe functions as the creation and interplay of a masculine and a feminine principle and that all levels of existence are interpenetrated by the polarity of the sexes. “Gender is in everything, everything has masculine and feminine principles, gender reveals itself on all levels”, we can read in a European treatise on the “great art”.[46]

This is also the origin of the Duality Principle in medieval and ‘modern’ bookkeeping by double entry. The Duality Principle is really just the Babylonians’ Unity of Opposites by another name:

For every debit there must be a credit, and for every credit there must be a debit – Alas! How few consider that if this must be the case, the rule to go by, nothing is more easy than to make a set of books wear the appearance of correctness, which at the same time is full of errors, or of false entries, made on purpose to deceive![47]

According to the Jewish Encyclopedia (1906):

The whole dualistic system of good and of evil powers, which goes back to Zoroastrianism and ultimately to old Chaldea, can be traced through Gnosticism; having influenced the cosmology of the ancient Cabala before it reached the medieval one. So is the conception underlying the cabalistic tree, of the right side being the source of light and purity, and the left the source of darkness and impurity [..] The fact also that the “Ḳelippot” (the scalings of impurity), which are so prominent in the medieval Cabala, are found in the old Babylonian incantations [..] is evidence in favor of the antiquity of most of the cabalistic material.

Joseph ben Abraham Gikatilla, Portae lucis, 1516

Joseph ben Abraham Gikatilla, Portae Lucis (Latin translation of Gikatilla’s work Shaarei Ora – “Gates of Light”), 1516. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

It stands to reason that the secrets of the theurgic [from Latin theūrgia:magic”] Cabala are not lightly divulged; and yet the Testament of Solomon recently brought to light the whole system of conjuration of angels and demons, by which the evil spirits were exorcised; even the magic sign or seal of King Solomon, known to the medieval Jew as the Magen Dawid [✡], has been resurrected.[48]

Tree of dark and light from Valentine Weigel Studium Universale, 1695

Tree of dark and light from Valentine Weigel, Studium Universale, 1695. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

The prehistoric clay token/envelope record-keeping system of the Fertile Crescent is the earliest evidence for the Unity of Opposites.

Accounting scholars call it the Input-Output principle; a dualistic, abstract re-presentation of real economic exchanges. Like, let’s say, a transfer of “seed” from a male (Output) to a female (Input) … or vice versa:

[The] ancient people of the Middle East had record keeping systems, the basic logical structure of which was virtually identical to that of modern double entry.[49]

[T]he token-accounting of the ancient Middle East, as well as modern accounting, deal with two distinct but related duality aspects. The first kind of duality involves concrete transactions and belongs to physical reality, while the second kind of duality arises out of ownership and debt relations which belong to social reality.

[The] inconspicuous impressing of the clay tokens upon the surface of the receptacle [..] [was] the precursor of modern double entry bookkeeping; more importantly, it was the major impetus to cuneiform writing as well as abstract counting.[50]

bulla-envelope-ms-4631_f

Bulla-envelope with 11 plain and complex tokens inside, representing an account or agreement, tentatively of wages for 4 days’ work, 4 measures of metal, 1 large measure of barley and 2 small measures of some other commodity. (Source: The Schoyen Collection)

Cuneiform (Latin cuneus: “wedge”) writing was created by making impressions on a wet clay tablet with a stylus made from a reed (Sumerian gi-dub(-ba), Akkadian qan-tuppi; literally “tablet reed”), with its tip cut into a triangular wedge.

cuneiform_stylus

As cuneiform clay tablet writing gradually replaced token/envelope record-keeping, naturally there was a need to continue recording this double duality.

The mutual obligations of a Sacred Marriage – a mutual exchange of promises to pay – involves two different identities (a male and a female), and eight recordable actions in total when the promises are both honoured.

The promises to pay and repay “seed” – an abstract Ownership-Debt exchange – is one inverse pair of Output-Inputs (4).

The actual payment and repayment of the “seed” – a real exchange – is another inverse pair of Output-Inputs (8).

But when considered from only one perspective (the male’s), there are two identities, and only four recorded actions.

The abstract Output of the (male) promise (his liability), and the abstract Input of the (female) promise (his asset).

Then, on the honey-moon, the real Output of the promised (male) “seed” (his expense, cancelling his liability), and 9 months later again, the real Input of the promised (female) repayment of the “seed” (his income, cancelling her liability/his asset).

All “square”.

This was now reflected in the number of sides the ancient scribe needed to record different kinds of transactions:

Four-sided tablets were utilized for financial transactions and two-sided clay tablets were reserved for agricultural records.[51]

Frontispiece from Christian Adolf Balduin, Aureum superius et inferius aurae superioris et inferioris Hermeticum, Amsterdam, 1675

“Aurum Aura” (Air of Gold); Christian Adolf Balduin, Aureum superius et inferius aurae superioris et inferioris Hermeticum, Amsterdam, 1675. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Early proto-cuneiform (pictogram) writing was steadily refined, and by 3000 BC scribes were able to convey word-concepts (honour), not just word-signs (an honourable man).[52]

By 2600 BC, it was also possible to isolate the phonetic (sound) value of a certain sign. This is known as the rebus principle (Latin rēbus “by means of objects”) – using existing symbols just for their sound, to represent or allude to other words or abstract concepts. It became a favourite form of expression in heraldry of the medieval era – the rebus of Bishop Walter Lyhart of Norwich, for example, consisted of a stag (or hart) lying down.[53]

Ancient scribes – an elite class, thanks to their special knowledge – could now record their puns – “magic” words, that minds inclined to double entendres, deception, or secrecy, purposed to carry double or multiple meanings.

Indeed, scholars believe that cuneiform writing, hieroglyphs, and alphabets, were all based on punning:

The Rebis (from Latin res bina, meaning dual or double matter) is the end product of the alchemical magnum opus or great work.[54]

Sixth woodcut from Basil Valentine's Azoth

Heinrich Nollius, Theoria Philosophiae Hermeticae, 1617. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

As we have already seen (Part 1), when stripped bare of all its “authoritative” pretences to mathematical precision, “balance”, and objective impartiality, bookkeeping by double entry is really nothing more than story-telling … with equal positive and negative numbers added.

(Did you see what I did then … for the second time? Loθok again.)

Clock-pendulum

A pendulum-governed escapement of a clock, ticking every second. (Source: Wikipedia)

Most importantly, it is always a story of two (2) opposite perspectives, but it is told from only one perspective – the bookkeeper’s.

By telling his story using puns – words with double or multiple meanings – a cunning bookkeeper can easily deceive any reader or auditor who has not been “initiated” into the occult (hidden, secret) meanings of his code words and symbols:

Legally, [banks] do not take deposits, they borrow from the public. The expressions in banking are designed to mislead what’s really happening.[55]

Basil Valentine 'Azoth' series

Azoth (from Arabic al-zā’būq: “Mercury”) | Fourth woodcut from Basil Valentine’s Azoth (1613). © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Thoughout the “Dark” and Middle Ages, the practice of usury (lending at “interest”) – a mortal sin – was officially banned by the Church-State authorities. Following the Fourth Lateran Council (1215), it was also mandatory to make a full confession of one’s sins, at least once a year.

For merchants and money-lenders, it was now all the more important to have trading records with code words and symbols “hidden in plain sight”.[56]

Hermetic silence - emblem from Achille Bocchi Symbolicarum quaestionem de universo genere, 1574

Hermetic silence – Achille Bocchi, Symbolicarum quaestionem de universo genere, 1574. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Though not as drastic as the penalty imposed by the Babylonian Hammurabi Code No. 7 for issuing fraudulent “deposit” receipts (“that man is a thief: he shall be put to death”), the penalties for practicing usury were still severe.

Not only was there a spiritual threat of the soul’s eternal damnation to the lowest of circles in the seventh circle of hell in the afterlife[57], there was also the ever-present, material threats of social condemnation and ostracisation, physical expulsion from the town, city or state, and of gravest concern for most, asset forfeiture:

Giovanni di Bicci de Medici, founder of the Medici Bank and Cosimo de Medici’s father … died intestate because in making out a will “he would have denounced himself as a usurer and might have caused considerable trouble for his heirs.”[58]

Accounting is a form of story telling – giving an account – and stories require an audience, listeners; auditors. In late medieval Italy, the auditor was God. One historian of accounting, James Aho, argues it’s no coincidence that double entry emerged at a time when confession became compulsory for ordinary Catholics. [..] [K]eeping the fullest possible set of accounts is a bit like confessing your sins. Even if you are doing something morally suspect, at least you are making a clean breast of it.[59][60]

[The “Father of accounting”, Luca] Pacioli [c. 1447-1517] advises merchants to incorporate explicit signs of Christianity into their books as a way of legitimising their profit-seeking activities.  The use of double entry itself was like the Catholic confession: if a merchant confessed – or accounted for – all his worldly activities before God, then perhaps his sins would be absolved.[61]

Remarkably, there is a compelling analogue to this in a cuneiform text from the 7th century BC. It comes from the same “fertile” region that had previously birthed the Unity of Opposites principle, punning, primitive record-keeping by double entry, and all the foundational beliefs of alchemy, including – as we will see – the “mystery” cult sex magic rituals, based on the Law of Inversion.

The text is known as the Netherworld Vision or Underworld Vision of an Assyrian Crown Prince, and is the “oldest known visionary journey to hell”[62]:

Scholars have [..] agreed that the text has a great significance for the history of religions and literature. But no one can agree precisely on what that significance is. The text’s interpretation has been hampered by its very distinctiveness: in 2,000 years of cuneiform literature, there are no other examples of the genre it represents…[63]

There are many fascinating and important analogous details to be found in this unique text – so many as to warrant a comprehensive separate study.

Our key observation is that – just as with medieval double entry – in the Underworld Vision it is the telling of the story .. twice .. seemingly from two perspectives .. but both told by the same person .. that absolves the story-teller of “the sin that the vision condemns”.[64][65][66]

The tale tells of a crown prince, “surrounded by luxury” and “piling up jewels like dirt”, who is having a profound personal crisis – sleepness nights, uncontrollable weeping, the whole box and dice.

(Did you see what I did then? Try again.[67])

As it turns out, the “prince” (and narrator) also just happens to be a scribe.

After twice praying to the Queen of the Underworld – the first resulting in a dream (šuttu) where the Queen appears and tells him “I shall not answer” – he has a vision (tabrītu) of himself visiting the Underworld[68].

The word tabrītu “appears frequently [in period texts] to describe building projects – actually existing physical objects.”[69]

So then, we have the story of a progression from the abstract (šuttu), to the real (tabrītu).

The prince’s “vision” (real building project) begins with … “an overwhelming, pedantic scholarly list of gods and demons”[70].

These are described by scholars as “hybrid monsters” or “monster-demons”. Most of the monsters have “feet like a man”. About one it is said that “with its left foot it was treading”[71] – a metaphor for conquering and domination.

Woodcut from Petrarch, Das Glüchbuch, Augsburg, 1539

Woodcut from Petrarch, Das Glüchbuch, Augsburg, 1539. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Frontispiece from Johann de Monte-Snyders, Metamorphosis planetarum, Amsterdam 1663

Johann de Monte-Snyders, Metamorphosis planetarum, Amsterdam 1663. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Morienus from Michael Maier, Symbola aurea mensae, Frankfurt, 1617

Morienus from Michael Maier, Symbola aurea mensae, Frankfurt, 1617. © Adam McLean (alchemywebsite.com). Used with permission,

 

One is said to be standing upright; another, lacking its hind leg – it will walk with a limp.

 

Sendivogius from Maier Symbola aurea mensae, Franckfurt, 1617

Sendivogius from Michael Maier, Symbola aurea mensae, Frankfurt, 1617. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Johann Joachim Becher, Natur-Kündigung der Metallen, Frankfurt, 1661

Johann Joachim Becher, Natur-Kündigung der Metallen, Frankfurt, 1661. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

The list ends with an ominous[72] figure called the “one” or “unique man” (ištēn etlu) – depicted as the “ideal king”, the mediator between god and man, the “exalted shepherd”, who is given everlasting dominion over all nations from the god(s).[73]

The prince is told that this is his ancestor, a “conqueror” and “high priest of Assur”[74] – a role exclusively reserved for Neo-Assyrian kings. He is also told that this ancestor “ate the taboo and stamped on the abomination” – two noteworthy points, as we will see.[75]

His body is said to be “black like pitch”, his face “like the Anzû bird,”[76] and he is wearing a red robe.[77]

Eyes Wide Shut

“Eyes Wide Shut” Artist Print (AP), J.S. Rossbach (Click to enlarge)

zu_1

The Anzû or “storm-bird” (Sumerian IM.DUGUD, “heavy rain”, i.e., a flood of waters; in Akkadian, “the wise one of heaven”) is a famous mythic creature – depicted as an eagle with a lion’s face – that is first recorded in the Old Babylonian era.

It is said to be a “worker of evil, who raised the head of evil”[78]. In the Epic of Anzû, this brazen rebel lusts after the Tablets of Destiny – the key to world rule – and proceeds to steal them from the supreme deity, thus gaining total control over the universe, the gods, and the fates of all.

In other words, Anzû was a thieving “time god” … remarkably reminiscent – or rather, prescient – of Mercury-Hermes, “the Sage, the Babylonian”, god of the alchemists.

The “vision” concludes with Nergal, the King of the Underworld, sparing the prince’s life – why? – so that “he may return penitent to the upper world to begin the glorification of Nergal”[79].

Assyriologists have identified the “crown prince” as Assurbanipal, who “alone among Neo-Assyrian kings, described himself as a scribe”[80]. Indeed, in another text he is depicted in a personal dialogue with Nabû, the god of writing.[81]

Assurbanipal is a most interesting figure for other reasons too, as we will see.

His deceased “father” ([šu]-u zār[û ]ka : “he is your ancestor”) – the “one” or “unique man” referred to in the Vision – is identified as Assurbanipal’s grandfather, Sennacherib (Akkadian: Sîn-ahhī-erība, “Sîn has replaced the brothers”), king of Assyria 705-681 BC.

In biblical texts, Sennacherib is recorded as having besieged Jerusalem, the capital of the rebellious kingdom of Judah, and finally left Hezekiah on the throne as a vassal ruler (c. 701 BC).[82]

Lachishsiege1

Judean captives being led away into slavery by the Assyrians after the siege of Lachish in 701 B.C. (Source: Wikipedia)

In a striking similarity to other idolised figures in freemasonry and related secret societies (King Solomon, Hiram “King of Tyre”[83], etc), Sennacherib was a great builder – his “Palace Without Rival” is thought to have been the prototype for, or even the actual Hanging Gardens of (not) ‘Babylon’.[84]

Sennacherib is famed for his military campaigns to put down repeated Babylonian rebellions against Assyrian rule.

Taylor Prism

Hexagonal clay prism, foundation record lists campaigns of Sennacherib until the start of his final war against Babylon, and includes a description of the tribute received from Hezekiah, King of Judah in 701 BC. British Museum #91032. (Source: Osama Shukir Muhammed Amin, published 31 March 2014 under Creative Commons: Attribution-NonCommercial-ShareAlike licence)

His assassination “in obscure circumstances”[85] – believed to have been at the hand of one or more of his own sons[86] – was seen as divine vengeance, a punishment for his complete destruction of Babylon in 689 BC.

 

“Rabbi Nathan met the prophet Elijah. He asked him, ‘What was the Holy One, Blessed be He, doing in that hour?’

“Said Elijah, ‘He was laughing and saying, “My children have defeated me, my children have defeated me.””‘

Babylonian Talmud, Bava Mezia 59b[87]

Petrus Bonus Series_PB01

First engraving (of 14), ‘Petrus Bonus’ series, Pretiosa margarita novella de thesauro, ac pretiosissimo philosophorum lapide, Venice, 1546. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Petrus Bonus Series_PB02

Second engraving (of 14), ‘Petrus Bonus’ series, Pretiosa margarita novella de thesauro, ac pretiosissimo philosophorum lapide, Venice, 1546. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Maier- Atalanta Fugiens_AF48

Michael Maier, Atalanta Fugiens: Emblemata Nova de Secretis Naturae Chymica, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Maier_Atalanta Fugiens-AF44

Michael Maier, Atalanta Fugiens: Emblemata Nova de Secretis Naturae Chymica, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Maier_Viatorium_MV04

Michael Maier, Viatorium, Oppenheim, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Petrus Bonus Series_PB11

Eleventh engraving (of 14), ‘Petrus Bonus’ series, Pretiosa margarita novella de thesauro, ac pretiosissimo philosophorum lapide, Venice, 1546. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Petrus Bonus series_PB12

Twelfth engraving (of 14), ‘Petrus Bonus’ series, Pretiosa margarita novella de thesauro, ac pretiosissimo philosophorum lapide, Venice, 1546. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Petrus Bonus series_PB13

Thirteenth engraving (of 14), ‘Petrus Bonus’ series, Pretiosa margarita novella de thesauro, ac pretiosissimo philosophorum lapide, Venice, 1546. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Petrus Bonus series_PB14

Fourteenth engraving (of 14), ‘Petrus Bonus’ series, Pretiosa margarita novella de thesauro, ac pretiosissimo philosophorum lapide, Venice, 1546. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Sennacherib is identified in the Underworld Vision text as the one who built “the Akitu house.” This was the temple for the twice-yearly festivals celebrating the sowing and reaping of the barley crop.

Importantly, other sources[88] show that Sennacherib rebuilt the Akitu temple, in 683 BC – two of them, one outside the walls of Assur, the other outside Nineveh – some six years after his total destruction of Babylon and its Akitu temple, located directly outside the famous Ishtar gate.

The Akitu (“barley”) New Year festival had begun with the Sumerians. Their calendar had featured two Akitu festivals: one in the Autumn in the month of Tashritu, which celebrated the “barley-sowing”; the other, in Spring in the month of Nisannu, which celebrated the “barley-cutting”.

The Babylonians also celebrated the Akitu but only the Spring (“reaping”) Nisannu – an eleven day festival honouring their supreme god Marduk, and his crown prince Nabû, the god of writing.[89]

Sennacherib was hated by the Babylonians, not only for his dominion over their former empire and ultimate destruction of their capital city but also for his apparent disregard for their religious beliefs, gods, and ceremonies.

The Akitu temple was known as the “House Which Binds Death/the Sea.”[90][91]

Abraham Eleazar, Uraltes chymisches Werck, 'Flamel', Erfurt, 1735_EL04

Chronos (“Time”) and Mercury-Hermes. Dragon symbolises the female (debt) principle | Abraham Eleazar, Uraltes chymisches Werck, ‘Flamel’, 1735. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

The Law of Inversion (or reversal) has a close relationship with the Unity of Opposites principle – like two sides of the same coin. It follows by deductive reasoning.

Because all things are believed to be created out of the natural union of two equal opposites, it is therefore possible to manipulate, and dominate all things, by developing methods to attract (“charm”), and “bind”, the “light” (or, the “dark”) “force” – gender – that one wishes to control.

Michael Maier, Atalanta Fugiens, Emblemata Nova De Secretis Naturae Chymica, 1618

Michael Maier, Atalanta Fugiens, Emblemata Nova De Secretis Naturae Chymica, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

To do so implies the “need” for deception, and, the precise inversion of natural and sovereign laws, traditional moral and ethical values, and social taboos.

This Law of Inversion (or reversal) is the esoteric (for initiates-only), “revolutionary” principle that lies at the heart of all forms of alchemical “magic” or “transformation”.

In other words, it is the principle of lying, and cheating.

It is the principle of re-presenting the true, with the un-true.

Faking it.

Creating an illusion, or counterfeiting the real thing.

The earliest overt evidence for the practice of values inversion is found in the cult worship of Inanna, the Mesopotamian “goddess” of Sex (union, creation, life) and War (separation, destruction, death).

A vivid embodiment of the Unity of Opposites androgyne principle, “she” was also known – in some or all of “her” aspects – as Ishtar (Akkadia, Assyria and Babylonia), as Ashtoreth or Astarte (Canaan), as Venus (Greece), and as Aphrodite (Rome).

Inanna’s cult celebrations were debauched – meaning, de-valued – “carnivalesque” affairs that deliberately broke all laws, social taboos, natural and social boundaries. They were a time for “disorder and antistructure”.

In a word, chaos.

Barent Coenders van Helpen series L'Escalier des Sages, Cologne, 1693_CH02

Barent Coenders van Helpen, L’Escalier des Sages (“The Stairs of the Wise”), Cologne, 1693. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

The rituals were “creative negation” that reminded Inanna’s devotees of “the need to reinvest the clean with the filthy, the rational with the animalistic”.

They are said to “confirm the endless potentiality of dirt and the pure possibility of liminality” – meaning, the ambiguity, and disorientation that is felt by a ritual initiate when “standing at the threshold” of transformation from a previous state into a new, opposite state (from Latin līmen, “a threshold”)[92].

Through the deliberate inversion of values, Inanna’s cult personnel – transvestites[93] – “attack[ed] the basic categorical differences between male and female, human and animal, young and old”[94]:

To turn a man into a woman and a woman into a man are yours, Inanna….
Business, great winning, financial loss, deficit are yours, Inanna.

She (Ishtar) [changes] the right side (male) into the left side (female), she [changes] the left side into the right side, she [turns] a man into a woman, she [turns] a woman into a man, she ador[ns] a man as a woman, she ador[ns] a woman as a man.[95]

Mylius version of Donum Dei Series_MD01

J.D. Mylius, Rosary of the Philosophers (Rosarium philosophorum sive pretiosissimum donum Dei), 1622. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

The representations of the “goddess” are their own testament to this shattering and confusion of boundaries – the “Queen of the Night” is a deity in human form, and also, part woman and part owl.

“She” has been compared to the Jewish demon Lilith, a seducer, a kidnapper and slayer of children “who appear[s] to human beings, to men in the likeness of women and to women in the likeness of men” – “[t]he traditional depiction of Lilith from ancient Mesopotamia through medieval Kabbalah presents an antitype of desired human sexuality and family life.”[96]

INANNA_DESCENT_691x940

The Burney (Queen of the Night) Relief; c. 1800-1750 BC (Old Babylonian). British Museum 2003,0718.1

Pleased to meet you,
Hope you guessed my name,
But what’s confusing you
Is just the nature of my game

Just as every cop is a criminal
And all the sinners saints
As heads is tails
Just call me Lucifer

 

The medieval alchemists saw their androgyne “time god” – the “Grand Sorcerer”, Mercury-Hermes: a silver-tongued liar and thief, a “producer” of gold, a hegemonic “Master of the Universe” who transcends life and death, a traveller and merchant, a mediator between the real and unreal worlds – as boasting the same power of inversion, enabling mimickry (i.e., faking it, counterfeiting):

The male tantric master [..] has the power to assume the female form of the goddess (who is of course an aspect of his own mystical body), that is, he can appear in the figure of a woman. Indeed, he even has the magical ability to divide himself into two gendered beings, a female and a male deity. He is further able to multiply himself into several maha mudras.[97]

Maier_Atalanta Fugiens_AF10

Michael Maier, Atalanta Fugiens: Emblemata Nova de Secretis Naturae Chymica, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Outside of Luciferianism, Satanism, and various “magick” cults and male-only (“brotherhood”) societies of the ancient past and present, the primary purveyor of the Law of Inversion in the modern era is Jewish Cabala. In particular, the world-wide Chabad-Lubavitch sect, founded in 1775.

As we have seen, its theurgic (“magic”) doctrine has been traced back “ultimately to old Chaldea”. The Jewish Encyclopedia tells us that “the apocalyptic literature belonging to the second and first pre-Christian centuries contained the chief elements of the Cabala”.[98]

Unsurprisingly then, the Law of Inversion principle also appears in Cabalist doctrine, precisely as it does in the Inanna-Ishtar cult, medieval Tantric Buddhism, and medieval Western alchemy:

It appears that the acosmic background of Habad thought influenced the acceptance of the nihilistic doctrine of inversion, for in a doctrine where the existence and nonexistence of reality are one and the same for God, and a religious view in which Yesh [Something] and Ayin [Nothing] are equal, good and evil are also equated with one another, as are positive religious action and transgression [..] The more extreme formulations, which deny the substantiality of every gradation and commonly accepted dichotomy, doubtless influenced the denial of significant value to reversals, inversions, and oppositions. [..] if “everything is absolutely as nothing and naught in relation to His being and essence,” then neither traditional distinctions nor relative and absolute values have any validity.

“Worship in inversion,” “descent for the purpose of rising up” [..] were seen to be theurgical [“magic”] missions [..] fulfilling the reverse of the divine commandment for the sake of the divine will to be revealed in all dimensions.[99]

Hans Karl von Ecker, Freymäurerische Versammlungsreden der Gold- und Rosenkreutzer des alten Systems Amsterdam, 1779 _ER12

Hans Karl von Ecker, Freymäurerische Versammlungsreden der Gold- und Rosenkreutzer des alten Systems Amsterdam, 1779. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

[T]hrough breaking a taboo for which there is often a high penalty, the adept confirms the core of the entire Buddhist philosophy: the emptiness (shunyata) of all appearances. “I am void, the world is void, all three worlds are void”, the Maha Siddha Tilopa triumphantly proclaims — therefore “neither sin nor virtue” exist. The shunyata principle thus provides a metaphysical legitimization for any conceivable “crime”, as it actually lacks any inherent existence.[100]

In both Eastern and Western alchemy, the starting point for an alchemical “transformation” is the realm of primal matter – the impure, ignoble, or base.

The female (passive, negative, liability; also, since the 1789 French Revolution, “conservative”, “Right”).

According to the Law of Inversion – and a monstrous Ego – the “skilled” magician can transform it (the “female”) into something pure, noble and divine.

The male (active, positive, asset; since 1789, “progressive”, “Left”):

DEB-Ortes-Hedonistic-Balance-Sheet

In European alchemy the coarse starting material for the experiments is known as the prima materia and is of a fundamentally feminine nature. Likewise, as in the tantras, base substances such as excrement, urine, menstrual blood, part of corpses and so forth are named in the alchemic texts, no matter which culture they belong to, as the physical starting materials for the experiments. Symbolically, the primal material is described in images such as “snake, dragon, toad, viper, python”. It is also represented by every conceivable repulsive female figure — by witches, mixers of poison, whores, chthonic goddesses, by the “dragon mother” so often cited in depth psychology. All these are metaphors for the demonic nature of the feminine [..] Shakyamuni compared women in general with snakes, sharks and whores.[101]

Engraving from Valentine's 'Twelve Keys' in the Musaeum hermeticum, Frankfurt 1678

Engraving from Valentine’s ‘Twelve Keys’ in the Musaeum hermeticum, Frankfurt, 1678. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

These misogynous terms for the prima materia are images which on the one hand seek to describe the untamed, death-bringing nature; on the other one readily admit that a secret force capable of producing everything in the phenomenal world is hidden within “Mother Nature”. Nature in alchemy has at its disposal the universal power of birth. It represents the primordial matrix [▽] of the elements, the massa confusa, the great chaos, from which creation bursts forth.[102]

Mylius, Philosophia Reformata, 1622

J.D. Mylius, Philosophia Reformata, 1622 © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

 

There are also European manuals of the “great art” which require that one work with the “menstrual blood of a whore”.[103]

 

Engraving of Flamel's hieroglyphic figures from Des beruhmten Philosophi Nicolai Flamelli , Chymische Werke, 1751

Des beruhmten Philosophi Nicolai Flamelli, Chymische Werke, 1751. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

 

One text talks of “the transformation of the Babylonian whore into a virgin”.[104]

 

J.D. Mylius Donum Dei series

J.D. Mylius, Anatomia Auri, 1628. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

But in order to transform the female into the male, a negative into a positive, a liability into an asset, lead into “gold”, evil into “good” – and so possess the secret birth-force in himself – there is something the lying cheating “time god” must do.

He must kill the essential feminine.

He must destroy the “mother” nature:

Experimenting around with the primal material sounds quite harmless to someone who is not initiated. Yet a symbolic murder is hidden behind this. The black matter, a symbol of the fundamental feminine and of powerful nature from which we all come, is burned or in some cases vaporized, cut to pieces or dismembered. Thus, in destroying the prima materia we at the same time destroy our “mother” or, basically, the “fundamentally feminine”.

Mylius, Philosophia Reformata, 1622_slay dragon mother

J.D. Mylius, Philosophia Reformata, 1622. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

The European adept does not shy away from even the most crass killing metaphors: “open the lap of your mother”, it says in a French text from the 18th century, “with a steel blade, burrow into her entrails and press forward to her womb, there you will find our pure substance (the elixir)”. Symbolically, this violent first act in the alchemic production is located within a context of sacrifice, death and the color black and is therefore called nigredo, that is “blackening”.[105]

Aurora consurgens

Aurora Consurgens, 15th century. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

A sacrifice of the feminine [..] may be found in the logic of the entire Buddhist doctrine. Woman per se – as Buddha Shakyamuni repeatedly emphasized in many of his statements — functions as the first and greatest cause of illusion (maya), but likewise as the force which generates the phenomenal world (samsara). It is the fundamental goal of every Buddhist to overcome this deceptive samsara. This world of appearances experienced as feminine, presents him with his greatest challenge. “A woman”, Nancy Auer Falk writes, “was the veritable image of becoming and of all the forces of blind growth and productivity which Buddhism knew as Samsara. As such she too was the enemy — not only on a personal level, as an individual source of temptation, but also on a cosmic level”. In this misogynist logic, it is only after the ritual destruction of the feminine that the illusory world (maya) can be surmounted and transcended.[106]

Basil Valentine keys_VK12

Last of Basil Valentine’s Twelve Keys, from Michael Maier, Tripus Aureus (Golden Tripod), Frankfurt, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

“In … Tantrism … woman is means, an alien object, without possibility of mutuality or real communication”. The woman “is to be used as a ritual object and then cast aside”. Or, at another point: the yogis had “sex without sensuality … There is no relationship of intimacy with an individual — the woman … involved is an object, a representation of power … women are merely spiritual batteries”.[107]

 

Autumn’s leaving
And Winter’s coming
I think that I’ll be moving along
I’ve got to leave her
And find another
I’ve got to sing my heart’s
True song

Thurneisser_TH13

Leonard Thurneisser, Archidoxa, 1575. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Is it for this reason that maya (illusion), the mother of the historical Buddha, had to die directly after giving birth? In her early death we can recognize the original event which stands at the beginning of the fundamentally misogynist attitude of all Buddhist schools. Maya both conceived and gave birth to the Sublime One in a supernatural manner. It was not a sexual act but an elephant which, in a dream, occasioned the conception, and Buddha Shakyamuni did not leave his mother’s body through the birth canal, but rather through her hip. But these transfeminine birth myths were not enough for the tellers of legends. Maya as earthly mother had [..] to be proclaimed an “illusion” (maya) and destroyed.[108]

Michael Maier, Viatorium, Oppenheim, 1618, MV01

Michael Maier, Viatorium, Oppenheim, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Every type of passion (sexual pleasure, fits of rage, hate and loathing) which is normally considered taboo by Buddhist ethical standards, is activated and nurtured in Vajrayana with the goal of then transforming it into its opposite. The Buddhist monks, who are usually subject to a strict, puritanical-seeming set of rules, cultivate such “breaches of taboo” without restriction, once they have decided to follow the “Diamond Path”. Excesses and extravagances now count as part of their chosen lifestyle. Such acts are not simply permitted, but are prescribed outright…

[T]he Kalachakra Tantra exhorts its pupils to commit the following: to kill, to lie, to steal, to break the marriage vows, to drink alcohol, to have sexual relations with lower-class girls. A Tantric is freed from the chains of the wheel of life by precisely that which imprisons a normal person.[109]

J.D. Mylius, Philosophia reformata, Book 4 1622_MY09

J.D. Mylius, Philosophia reformata, 1622. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

A central role in the rites is played by the tantric meal. It is absolutely forbidden for Buddhist monks to eat meat or drink alcohol. This taboo is also deliberately broken by Vajrayana adepts. To make the transgression more radical, the consumption of types of meat which are generally considered “forbidden” in Indian society is desired: elephant meat, horsemeat, dogflesh, beef, and human flesh. The latter goes under the name of maha mamsa, the “great flesh”.

Frontispiece engraving from Microcosmische vorspiele des neuen Himmels und der neuen Erde, 1744

Microcosmische vorspiele des neuen Himmels und der neuen Erde, 1744. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

In the Hevajra Tantra the adept must drink the menstrual blood of his mudra out of a skull bowl. But rotten fish, sewer water, canine feces, corpse fat, the excrement of the dead, sanitary napkins as well as all conceivable “intoxicating drinks” are also consumed.[110]

As a tantric saying puts it, “What binds the fool, liberates the wise”, and another, more drastic passage emphasizes that, “the same deed for which a normal mortal would burn for a hundred million eons, through this same act an initiated yogi attains enlightenment”. According to this, every ritual is designed to catapult the initiand into a state beyond good and evil.[111]

Frontispiece engraving from Joannis Agricola Commentariorum, Notarum, Observationum & Animadversionum in Johannis Poppii chymische Medicin, Leipsig, 1638

Joannis Agricola, Commentariorum, Notarum, Observationum & Animadversionum, in Johannis Poppii chymische Medicin, Leipsig, 1638. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

[The third] justification for the “transgressions” of the Vajrayana consists in the Bodhisattva vow of Mahayana Buddhism, which requires that one aid and assist every creature until it attains enlightenment. Amazingly, this pious purpose can render holy the most evil means. “If”, we can read in one of the tantras, “for the good of all living beings or on account of the Buddha’s teaching one should slay living beings, one is untouched by sin. … If for the good of living beings or from attachment for the Buddha’s interest, one seizes the wealth of others, one is not touched by sin”, and so forth. In the course of Tibetan history the Bodhisattva vow has [..] legitimated numerous political and family-based murders, whereby the additional “clever” argument was also employed, that one had “freed” the murder victim from the world of appearances (samsara) and that he or she thus owed a debt of thanks to the murderer.[112]

 

These two principles – the Unity of Opposites and the Law of Inversion – were evidently the foundation of all human reasoning for the “philosophers” of  the “royal art” of cheating “females” in ancient Mesopotamia.

The Unity of Opposites explained all things, in the heavens (Above) and the earth (Below).

The Law of Inversion explained how to gain control over all things, Above and Below.

By deception, and reversal.

All that remained, is a question of method.

Since all things are believed to contain both a masculine and a feminine principle, then the method for gaining control over all things, is to use the “magnetic” power of sexual attraction, to tempt or “draw in” the force or power that one wishes to “bind”.

Which organ has maximum utility (usefulness) for achieving this?

In Inanna’s words to her shepherd-king “bull” bridegroom Dumuzi, a “honey-sweet” tongue[113]:

Make your milk sweet and thick, my bridegroom,
My shepherd, I will drink your fresh milk,
Wild bull, Dumuzi, make your milk sweet and thick.
I will drink your fresh milk.
Let the milk of the goat flow in my sheepfold,
Fill my holy churn with honey cheese,
Lord Dumuzi, I will drink your fresh milk.

Marriage_of_Inanna_and_Dumuzi

Sacred Marriage of Inanna and Dumuzi. (Source: Wikipedia. Public Domain licence)

My honey-man, my honey-man sweetens me always.
My lord, the honey-man of the gods,
He is the one my womb loves best.
His hand is honey, his foot is honey,
He sweetens me always.

He laid me down on the fragrant honey-bed,
My sweet love, lying by my heart,
Tongue-playing, one by one,
My fair Dumuzi did so fifty times.[114]

[There ended the “honey-moon”]

 

Or, in Mercury-Hermes’ words, a mercurial (quicksilver) tongue:

Copy of copy of original_NOT by Durer

“Allegory of Eloquence”, Albrecht Dürer, c. 1498. (British Museum)

Since at the end of the sexual magic rituals the masculine principle alone remains, the verbal praise of the goddess, beauty and love could also be manipulative, designed to conjure up the devotion of a woman. [..] [W]e must regard such charming flattery of the female sex as at the very least a non-committal, albeit extremely lucrative embellishment. But they are more likely to be a deliberately employed manipulation, so as to draw attention away from the monstrosities of the tantric ritual system. Perhaps they are themselves a method (upaya) with which to appropriate the “gynergy” of the women so charmed. After all, something like that need not only take place through the sexual act. There are descriptions in the lower tantras of how the yogi can obtain the feminine “elixir” even through a smile, an erotic look or a tender touch alone.[115]

Basil Valentine Keys_VK03

Third of Basil Valentine’s Twelve Keys, from Michael Maier, Tripus Aureus (Golden Tripod), Frankfurt, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

One example of this manipulation of sexual “magnetism”, is an Old Babylonian method for controlling the forces of good or evil fortune, by an incantation (“s.p.e.l.l.”) spoken over a magic figurine:

A pair of supernatural beings, demons of some kind, are said to accompany man [..] one is called mukīl rēš daniqti, or rabis damiqti, “he who offers good things,” or “good demon”; the other is mukīl rēš lemutti, or rabis lemutti “he who offers misfortune” or “evil demon.” [..] A similar reference can be found in Greek literature – suffice it to mention here the scales of Zeus and his mixing of the “good and bad things” from the two jars (Iliad 24:527).[116]

J.D. Mylius, Philosophia Reformata, Book 4, 1622

J.D. Mylius, Philosophia Reformata, 1622. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Mukīl rēš lemutti, inscribed in cuneiform Sumerian syllabograms as (d)SAG.ḪUL.ḪA.ZA and meaning “he who holds the head of evil”, was an ancient Mesopotamian winged leonine demon, a harbinger of misfortune associated with benign headaches and wild swings in mood, where the afflicted “continually behaves like an animal caught in a trap.”[117]

The [evil] demon frequently appears in prescriptions such as those for the fashioning of a figurine for a neurological disorder caused by a pursuing ghost, where “The evi[l confusional stat]e (causing ghost or) mukīl rēš lemutti-demon [which] was set [on] (personal name) son of (personal name)–he is your husband. You are given [t]o him (as wife).”[118]

Naya,_Carlo_(1816-1882)_-_n._157_-_Venezia_-_Leone_in_Piazza_san_Marco

The Lion of Venice in Piazza San Marco, 1870s (Photo: Carlo Naya, 1822-1881, via Wikipedia)

Holborn Viaduct Lions

Winged lions on Holborn Viaduct, City of London.

The production of magico-religious objects such as figurines and erotic plaques was widespread in Old Babylonia. They were strategically positioned at thresholds – zones of transformation, or a change in state between two equal opposites.

Like, say, the transition between Inside and Outside your house.

Or, let’s say, between a Credit and Debit “balance” of your “account” rented from a cheating time lord:

Ancient Mesopotamians envisioned liminal zones in general as having great magical potency, for better or for worse. Gates, doorways, windows, crossroads, shrines, beds and even the sexually aroused body, to name some, were the perceived spacial correlates of an invisible membrane through which the worlds of the seen and the unseen, of the magical and the mundane interacted. Since these intersections amplified paranormal activity, they were usually manipulated to ensure activity of a positive nature.

Screen Shot 2017-06-21 at 4.32.37 PM

J. Assante, Sex, Magic, And The Liminal Body In The Erotic Art And Texts Of The Old Babylonian Period (2002). (Photo: J. Assante, courtesy of the Vorderasiatisches Museum, Berlin)

Old Babylonian plaques were themselves liminal, serving as points where inhabitants of the non-physical universe could emerge and affect every day reality.

Masonic_alchemical image from Die Theoretischen Brüder oder zweite Stufe der Rosenkreutzer, 1785

Masonic alchemical image from Die Theoretischen Brüder oder zweite Stufe der Rosenkreutzer, 1785. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Old Babylonian visual erotica inserts the liminal by structuring scenes around sexual anatomy. The general term for body orifice, KA in Sumerian or bãbu in Akkadian, is expressly liminal because it also means door or gate. The vaginal opening, bãb uri and the anus bãb šuburri are imagined then as thresholds. From literary and incantation texts we know that the body and its orifices were regarded as sites of transition, especially when aroused. In the Old Babylonian period, it is usually Inanna’s excited thresholds that work to effect white magic [..] whereas in the first-millennium BCE Gilgamesh Epic Ishtar and her vulva bring only death or castration.[119]

Screen Shot 2017-06-22 at 1.09.01 AM

SAL (Sumerian: “woman”) | J. Assante, Sex, Magic, And The Liminal Body In The Erotic Art And Texts Of The Old Babylonian Period (2002)

We have already seen that what many call “white” and “black” magic are closely associated with the Cabala of Old Chaldea, and the “All-Wise” alchemical King Solomon – he of the “magic sign or seal” “known to the medieval Jew as the Magen Dawid” [✡], the Cabalistic key to “the whole system of conjuration of angels and demons.”

The development of the rēbus (punning) principle in ancient Sumer helps shed light on the true origin of a biblical saying that, according to rabbinic tradition, was written by King Solomon.

“Cast your bread on the surface of the waters, for you will find it after many days, Give a portion to seven, or even to eight, for you do not know what misfortune may occur on the earth”, has long been used by slick salesmen – including economists, financial advisors, fund managers, televangelists, trans-national corporate executives, politicians and bankers – in their sales pitches for charitable giving, diversified investing, and globalised “free” trade.[120]

Michael Maier's Viatorium, Oppenheim, 1618_MV05

Michael Maier, Viatorium, Oppenheim, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

 

The Marriage of the Sea
Every year on Ascension Day, the doge of Venice dropped a consecrated ring into the sea, and with the Latin words “Desponsamus te, mare, in signum veri perpetuique domini
(“We wed thee, sea, as a sign of true and everlasting domination”) declared Venice and the sea to be indissolubly one.[121]

 

Maier, Atalanta Fugiens_AF31

Michael Maier, Atalanta Fugiens: Emblemata Nova de Secretis Naturae Chymica, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

In Sumer, most aspects of life appear to have revolved around the production and consumption of beer. This was the official libation (ritual drink offering) to Inanna-Ishtar, patron goddess and harimtu (prostitute, or libidinous single female)[122] of the tavern.

It was also a common cause of insolvency due to unrepayable bar debts, incurred by offering alcohol on credit[123] – a trading method that was broadly repeated in the Russia Empire in the 18th-19th centuries.[124]

In Sumer, beer was made by casting bread into jars of water:

The passage of Qoh. xi 1-2 has traditionally been understood as a call for charity or international trade. However, in the light of the procedure by which beer was made in the ancient Near East … a more likely interpretation is that Qoheleth is recommending beer production and consumption in perilous times.[125]

In other words, this “wisdom of Solomon” is a (profitable, for some) command to brew, drink and be merry, for tomorrow we may die.

1024px-Pictographs_Recording_the_Allocation_of_Beer_(London,_England)

Cuneiform Pictographs Recording the Allocation of Beer. Thought to be from southern Iraq Late Prehistoric period, about 3100-3000 BC. (Source: Jim Kuhn [CC BY 2.0], via Wikimedia Commons)

For the Sumerians, beer was considered a magical potion. It was commonly compared to an attractive and promiscuous female. Both had the ability to “seize” or “bind” the drinker. In an Old Babylonian incantation (spell) recited by a woman “to bend her straying lover to her will”, the “chief tools of magic making are the female’s aroused body orifices”.[126]

Inanna-Ishtar is the central figure in these rites and incantations. An Old Babylonian hymn to “Inanna-Nine-galla” (galla: androgynous demons) is set at dusk, when the two clear opposites of day and night blur.

Exactly like Lucifer in biblical writings, Inanna-Ishtar identifies “her”self in the texts with both the morning and evening star.

Inanna’s celestial body has the nature of a shape-shifter: as “her” star rises through the transition of light to dark (and vice versa), so too does Inanna-Ishtar the harimtu. When named Kilili (“Lady Owl”), “she” is “the harlot who like the owl comes out at dusk”[127], and sits at the door of the tavern to entice customers.

From a namburbi incantation, we learn that Inanna’s presence was invoked to create an ambiance of enchantment, with the purpose being to “effect magical gains of a non-sexual nature” – that is, to secure “brisk trade”.[128]

Screen Shot 2017-06-18 at 1.30.43 PM

J. Assante, Sex, Magic, And The Liminal Body In The Erotic Art And Texts Of The Old Babylonian Period (2002). (Photo: J. Assante, courtesy of the Vorderasiatisches Museum, Berlin)

It is here too, that archaeologists have discovered cuneiform fragments in Nineveh and Babylon, from which we learn that alchemists have had secret recipes for creating fake silver since before the reign of Nebuchadnezzar I (c. 1124-1103 BC). Word puns in the recipe suggest that it was made in a form that counterfeited the royal standard ingots:

“When rubbed and polished these (objects) are ziqpu (or ziqiptu) of silver. This (kind of) silver [can]not [be detected].”

What makes this severely mutilated prescription so interesting and intriguing is the [..] passage which addresses the chemist directly: “Do not be careless (with respect to these instructions). Do not [show] (the procedure) to anyone!” References to secrecy do not occur anywhere else in the cuneiform texts dealing with instructions written for specific crafts.[129]

British Muséum, London,

These recipes are remarkable for a multitude of reasons.

The older of the two ends in a colophon stating that it is a copy, and is the property of Nebuchadnezzar I, King of Babylon.

The other (above) was found as part of the famous royal library of King Assurbanipal (c. 685 BC – 627 BC) in Nineveh; a collection of around 30,000 tablets and fragments, said to be the most compelling discovery of the ancient Near East. Assurbanipal – who we met earlier – is the Assyrian “prince” who (as king) is reported to have taken the Israelite population into captivity, and replaced them with a mixture of tribes from other parts of his empire.[130]

(This may offer an explanation for why archaeologists have discovered evidence in Israel from the 7th century BC, of the Epic of Anzû – the rebel “storm-bird” who stole the Tablets of Destiny.[131])

Epiz of Anzu _ Israel 7th century

Source: Anzu and Ziz – Great Mythical Birds in Ancient Near Eastern, Biblical, and Rabbinic Traditions (2008)

There are numerous parallels between the method for producing this fake silver, and the methods cryptically described in medieval alchemical texts for producing the longed for “elixir” or “gold” of “the philosophers”.

Even more remarkable though, is the ingredients.

According to a renowned Assyriologist, whose technical expertise was expressly sought to interpret the two fragments, a “red alkali” used as a “binder” in the recipe “occurs to my knowledge only here” and in no other technical texts from the ancient world.

Similarly, the alchemical texts mention a mysterious substance called “Red Mercury”. What this actually is has been the subject of speculation for hundreds of years – and more recently, lucrative hoaxes, with far-reaching geopolitical, and economic ramifications – because it is supposed to possess a massive destructive power:

When red mercury first appeared on the international black market 15 years ago, the supposedly top secret nuclear material was ‘red’ because it came from Russia. When it resurfaced last year in the formerly communist states of Eastern Europe it had unaccountably acquired a red colour. But then, as a report from the US Department of Energy reveals, mysterious transformations are red mercury’s stock in trade. (New Scientist, 1992)

The only thing we can be sure of is that it’s a ripping yarn. Rumours that Soviet nuclear experts had produced a mysterious explosive material with unimaginable destructive power first circulated in the 1970s, and despite several official investigations and subsequent denials the story refuses to die. (The Guardian, 2004)

For decades, aspiring bomb makers — including ISIS — have desperately tried to get their hands on a lethal substance called red mercury.

Legends of red mercury’s powers began circulating by late in the Cold War. [..] Chief among its proponents was Samuel T. Cohen, the American physicist and Manhattan Project veteran often called the father of the neutron bomb [..] In one edition of his autobiography, he claimed red mercury [..] “is a remarkable nonexploding high explosive…” (New York Times, 2015)

It is an interesting coincidence that this “ripping yarn” first emerged in the 1970s, at the same time a special kind of “gate” opened – one that has flooded the world with a “nonexploding high explosive”, a red “binder”, for the past 45 years.

 

USA

 

Two other ingredients are similarly remarkable. Milk and honey. And in a quantity that “seem[s] excessive”.

It is difficult not to be reminded here of the fascinating tale told in the Old Testament account of the Exodus, written in 273-272 BC by Jewish scholars at Alexandria in Egypt, quite possibly as a reactionary polemic against the Egyptians.[132]

We are told that once upon a time, a messianic intermediary named Moses (meaning “I drew him from the waters”) was saved from infanticide when his mother chose to hide him among the reeds of the river Nile, in a basket weaved from papyrus (used for making writing paper, and boats).

Mercury emerging from the sea, JE Muller_Wunder-materia, 1707

“Our son” | Mercury-Hermes emerging from the sea, JE Muller, Wunder-materia, 1707. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

As an adult, Moses is minding sheep when God “appears” to him – a voice speaking from a “burning bush” which doesn’t burn.

 

Round and round
The burning circle
All the seasons
One, two and three
Autumn comes
And then the Winter
Spring is born
And wanders free

Vajra Yogini in the Burning Circle

Vajra (“diamond scepter”, “thunderbolt”, penis) Yogini in the “Burning Circle”. (Source: Trimondi, The Shadow of the Dalai Lama: Sexuality, Magic and Politics in Tibetan Buddhism)

God tells Moses to throw his “staff” or “rod” on the ground; it is transformed into a “snake”. When God tells him to grab it by the tail, it transforms back again.

A reversal.

Frontispiece engraving from Johann Michael Faust, Philalethes Illustratus, Frankfurt 1706

“Seal of the Wise”, Johann Michael Faust, Philalethes Illustratus, Frankfurt 1706. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

The magic “rod” becomes famous as the “staff of God”, or the “rod of God”.

Michael Maier, Atalatanta Fugiens_AF08

Michael Maier, Atalanta Fugiens: Emblemata Nova de Secretis Naturae Chymica, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Moses magically brings a series of ten plagues on the Israelite’s alleged captors, the final plague killing all the “firstborn” of Egypt. On finally being allowed to exodus, he is told to “raise up” his “rod” and “stretch out” his hand over the “Red Sea”, which is divided in two, allowing the “chosen” “children” of Israel to go to the land of the Promise (“Promised Land”).

The “Land of Milk and Honey”.

Indeed, it is said to be “flowing with milk and honey.”[133]

Engraving from Anonymus von Schwartzfuss, Das Blut der Natur, Frankfurt and Leipzig, 1767

Anonymus von Schwartzfuss, Das Blut der Natur, Frankfurt and Leipzig, 1767. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Frontispiece engraving from Urban Hjärne, Actorum Chemicorum Holmiensium, 1753

Urban Hjärne, Actorum Chemicorum Holmiensium, 1753. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Engraving from Robert Fludd, Summum bonum, Frankfurt 1629

“The Rose Gives The Bees Honey” , Robert Fludd, Summum bonum, Frankfurt, 1629. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Frontispiece from Geheimnisse einiger Philosophen und Adepten, 1780

Frontispiece from Geheimnisse einiger Philosophen und Adepten, 1780. © Adam McLean 1997-2017. (alchemywebsite.com). Used with permission.

Milk and honey also feature in the alchemical sex magic rituals. Both words are used to describe the “virgin milk”; the female sexual fluids or gynergy which the male adept aims to steal for himself:

Mylius Azoth_MA03

J.D. Mylius version of Basil Valentine ‘Azoth’ series, Philosophia Reformata, 1622. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

As the female correspondence to male sperm the texts nominate the seed of the woman (semen feminile). Among Tantrics it is highly contested whether this is a matter of the menstrual blood or fluids which the mudra [young virgin female] secretes during the sexual act. In any case, the sexual fluids of the man are always associated with the color white, and those of the woman with red. Fundamentally, the female discharge is assigned an equally powerful magic effect as that of its male counterpart. Even the gods thirst after it and revere the menses as the nectar of “immortality”.[134]

Outside of the gynocentric and tantric cults however, a negative valuation of menstrual blood predominates [..] This idea is also widely distributed in Hinayana Buddhism. Menstrual blood is seen there as a curse which has its origins in a female original sin: “Because they are born as women,” it says in a text of the “low vehicle”, “their endeavors toward Buddhahood are little developed, while their lasciviousness and bad characteristics preponderate. These sins, which strengthen one another, assume the form of menstrual blood which is discharged every month in two streams, in that it soils not just the god of the earth but also all the other deities too”. But the Tantrics are completely different! For them the fluids of the woman bear Lucullan names like “wine”, “honey”, “nectar”, and a secret is hidden within them which can lead the yogi to enlightenment.[135]

Screen Shot 2017-06-18 at 2.31.42 PM

Trimondi, The Shadow of the Dalai Lama: Sexuality, Magic, and Politics in Tibetan Buddhism (2003).

According to the tantric logic of inversion, that precisely the worst is the most appropriate starting substance for the best, the yogi need not fear the magical destructive force of the menses, as he can reverse it into its creative opposite through the proper method.[136]

Pyramid of lions, from Andreas Libavius, Alchymia, Frankfurt 1606

Pyramid of lions, Andreas Libavius, Alchymia, Frankfurt 1606. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

Thousands of years before the medieval Tantrics, we find another remarkable parallel in the ancient mythology of Inanna.

In the tale of Inanna and Šu-kale-tuda, having gone up into the mountains on a quest to “detect falsehood and justice, to inspect the Land closely, to identify the criminal against the just”[137] – in other words, to learn to discern the difference between the moral opposites of right and wrong – Inanna is violated by a callow youth while sleeping under a tree. On waking and discovering the offense, the enraged goddess asks “What should be destroyed?”, and floods the Sumerian water supply with “her” menstrual blood:

[E]very woman knows that she has two kinds of flow that come from her vagina. Ancient sources called these the River of Life and the River of Death, meaning the clear or white flow at the time when a child is more likely to be conceived; and the forbidden flow of menstruation, when it is most unlikely that a child can be conceived.[138]

Similarly, in the tale of the Exodus we are told that the first of the ten biblical plagues invoked by Moses magically transformed the Egyptian water supply into blood. In the river Nile – source of life for the Egyptians – all the fish died, and the river became foul smelling, when Aaron (Moses’ brother) touched the water with the “rod of God”.[139]

The second plague?

The magical invocation of frogs: another classic alchemical symbol of the prima materia or base matter – the “evil” fundamental feminine, containing the secret birth-force.[140]

Maier, Atalatanta Fugiens_AF05

Michael Maier, Atalanta Fugiens: Emblemata Nova de Secretis Naturae Chymica, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

It should not surprise us to discover that the biblical “Moses” is revered as a great alchemist in both ancient and not-so-ancient texts.

According to the Encyclopedia Judaica:

The Jewish association with alchemy dates from ancient times. Zosimos, a fifth-century Greek historian, states that the Jews acquired the secrets of the “sacred craft” of the Egyptians and the knowledge of the “power of gold” which derives from it by dishonest means, and they imparted the knowledge of alchemy to the rest of the world. In ancient Greek manuscripts, which contain lists of writings on alchemy, a number of alchemic and magic writings are attributed to Moses…[141]

The Jewish Encyclopedia (1906) elaborates:

There is [..] scarcely a single important ancient work upon the science which is not directly related to the Jews, with their traditions and their science.

Alchemy had already in the second or third century assumed a mystical and magical character, exemplified in such recipes as appear in the magic papyri. The whole syncretism of the East—Jewish and Egyptian gnosis, Greek mysteries, and Ophite speculations—combined to produce a current of thought which affected every mental production of the age.

Adam and Abraham have in their turn been described as authors of alchemistic treatises, and Moses is repeatedly met with as the author of such works. To Moses are ascribed the Greek treatise known as “Diplosis” (that is, the art of doubling the weight of gold ), and the treatise “The Chemistry of Moses”…[142]

Ecker_Golden and Rosy Cross Series_ER10

“Trismegistus” (Thrice Greatest – Hermes) – Hans Karl von Ecker, Freymäurerische Versammlungsreden der Gold- und Rosenkreutzer des alten Systems Amsterdam, 1779. © Adam McLean 1997-2017 (alchemywebsite.com)

 

“Do not touch the philosopher’s stone with your hands;
you are not of our race, you are not of the race of Abraham.”[143]

 

Maria the Jewess from Maier Symbola aurea mensae, Franckfurt, 1617

Maria the Jewess, from Michael Maier, Atalanta Fugiens: Emblemata Nova de Secretis Naturae Chymica, 1618. © Adam McLean 1997-2017 (alchemywebsite.com). Used with permission.

 

Gold and silver
Burnt my Autumns
All too soon
They’d fade and die
And then
Aye, there were no others
Milk and honey
Were their lies

 

autumnal (adj.) 1570s, “maturing or blooming in autumn;” 1630s, “belonging to autumn,” from Latin autumnalis “pertaining to autumn,” from autumnus (see autumn). From 1650s in figurative sense “past the prime.”[144]

******************

END OF PART II

******************

POSTSCRIPT

Let us summarise then. Consistent with the alchemists’ Babylonian metaphor, your “account” (story) at the bank, is a magic “threshold”, “gate”, or liminal zone.

An orifice.

A rented hole.

Your bank “account” is a metaphor for ‘cock’ hole, rented from a cheating “time god”.

Within a liminal zone – the “source” of all creation – all opposites are equal. They are “unified”. They become one and the same thing.

Within a liminal zone, any one idea, any one word (the “Word” of “God”), is “magic” – it has two, simultaneous, precisely opposite meanings.

Confusion (“chaos”) reigns.

In your rented orifice, the banking high priest shows a magic number. It represents – to you – either a positive (credit), or negative (debit) “balance”.

It represents the opposite to the banking high priest.

Every time that you make a “payment” to someone, the high priest will reduce the amount of sukra (mixed semen-blood) in the orifice you are renting, and increase the amount of sukra in the orifice they are renting.

Every time that you “receive” a “payment” from someone, the reverse happens.

Emblem 45 from George Withers A Collection of Emblems, Ancient and Modern, 1635_amcl_emb35

George Withers, A Collection of Emblems, Ancient and Modern, 1635. © Adam McLean (alchemywebsite.com)

Even if you have no debt owed to any bank or financial institution, metaphorically, as a “customer”, you are still a “whore” of the bank. You are renting an orifice from the bank, for the purpose of ingesting and regurgitating the sukra rented by other people.

In essence then, by participating in the lying cheating time lords’ “money of account” fake “deposit” payments system, you are acting as a “Babylonian whore” for the “Grand Sorcerer” and misogynist thief, Mercury-Hermes.

Let that sink in.

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My thanks to readers who have confirmed and connected more dots, by informing me that multiple languages (eg, Danish, French, Italian, Russian) use their native words for “Actives” and “Passives” as synonyms for “Assets” and “Liabilities”, in their double entry bookkeeping balance sheets.

*****************

FOOTNOTES

[43] Jackson C. Frank, Milk and Honey, Jackson C. Frank (1965). My thanks to visual artist John Stark for bringing this lyric to my attention.

[44] Richard A. Werner, How do banks create money, and why can other firms not do the same? An explanation for the coexistence of lending and deposit-taking (2014)

[45] Ahmad Y. al-Hassan, Arabic Alchemy ‘Ilm al-San’a: Science of the Art; History of Science and Technology in Islam

[46] V. and V. Trimondi, The Shadow of the Dalai Lama: Sexuality, Magic and Politics in Tibetan Buddhism (2003), transl. by Mark Penny; p.102, citing Gebelein, 1991, p. 44.

[47] Edward Thomas Jones, Jones’ English System of Book-Keeping by Single or Double Entry, 1796; cited in Jane Gleeson-White, Double Entry: How The Merchants of Venice Created Modern Finance, 2013 (Kindle)

[48] Cabalistic Dualism, Jewish Encyclopedia 1906 (online), 30 June 2017

[49] Richard Mattessich, Accounting and the Input-Output Principle in the Prehistoric and Ancient World, ABACUS, Vol. 25, No. 2, 1989, p. 81 — “The significance of the input—output principle for double entry accounting is well recognized in the literature. For example; ‘The writer wishes to emphasize the merit that comes from understanding a double entry bookkeeping as an input-output system of data calculating the amount of capital charged’ (Kishi, 1984, p. 359).” (p. 77, fn 7)

[50] ibid., p. 81 — “[R]elatively soon after the emergence of the original envelopes (c. 3200 BC) it was already customary to impress the softer clay surface of those envelopes with the hardened clay tokens before putting them into the receptacle and sealing the
latter. This enabled one to determine at a first glance the content of the envelope while the seal and other markings may have informed about the debtor and other details. . This enabled one to determine at a first glance the content of the envelope while the seal and other markings may have informed about the debtor and other details. There can be little doubt that inserting a token into a receptacle was equivalent to a debit entry in an asset account. Yet there were two other requirements: first, to indicate, on the outside of the clay envelope, the individual items contained in it; and second, to disclose instantaneously the total equity represented by the receptacle. By a lucky stroke these two requirements could be met in a single step: impressing the hardened tokens upon the softer, unburned surface of the clay container. The resulting indentations are mirror pictures and true counter-entries (credit entries) on the equity side of this prehistoric record keeping system.”

[51] Murray, Stuart (2009) The Library: An Illustrated History. New York, NY: Skyhorse Publishing. pp. 3-10; cited in Ashurbanipal, Wikipedia

[52] Joshua J. Mark, Cuneiform, Ancient™ History Encyclopedia (13 July 2017)

[53] Rebus, Wikipedia (21 June 2017)

[54] Rebis, Wikipedia, (21 June 2017)

[55] Richard A. Werner, To a new understanding of the function of the banking sector: the mechanism of productive credit creation and quantitative easing; presentation to the Russian Academy of Sciences, round table “Anti-crisis fiscal policy of the state in the interests of economic development of Russia” (2015). (watch video)

[56] Miroslav Novák, Heritage of Alchemical Cryptography (2013), Il Chimico Italiano 24: 17-24 — “Medieval European alchemists used a disorganized way of coded expressing together with a very complicated system of diverse graphical symbols... The symbols, besides their shorthand role, also serve as a specific cryptographic system, for very often the alchemists tried to conceal the results from the Christian church, avaricious noblemen and possible competitors. [..] The cryptography (or cryptology; from Greek κρυπτός, “hidden, secret”; and γράφειν, “writing”, or λογία, “study”, respectively) is the practice and study of techniques for secure communication in the presence of third parties (called adversaries) (Wikipedia). And these adversaries were the main reason, why alchemists coded their written products.

[57] Dante’s Inferno, Canto XIV — Wikipedia: “Ring 3: Against God, Art, and Nature: The third round of the seventh circle is a great Plain of Burning Sand scorched by great flakes of flame falling slowly down from the sky, an image derived from the fate of Sodom and Gomorrah (Gen. 19:24.) The Blasphemers (the Violent against God) are stretched supine upon the burning sand, the Sodomites (the Violent against Nature) run in circles, while the Usurers (the Violent against Art, which is the Grandchild of God, as explained in Canto XI) crouch huddled and weeping. Ciardi writes, ‘Blasphemy, sodomy, and usury are all unnatural and sterile actions: thus the unbearing desert is the eternity of these sinners; and thus the rain, which in nature should be fertile and cool, descends as fire’ (John Ciardi, Inferno, Canto XIV, pg. 112).”

[58] E. Michael Jones, Barren Metal: A History of Capitalism As The Conflict Between Labor And Usury, 2014

[59] Jolyon Jenkins, How Men In Grey Suits Changed The World, 2010

[60] Geoffrey A. Lee, The Coming of Age of Double Entry: The Giovanni Farolfi Ledger of 1299-1300, The Accounting Historians Journal, Fall 1977 Volume 4, Number 2 —

“Francesco di Marco Datini in late 14th century Italy opened a new ledger with the dedication: ‘in the name of God and of the Virgin Mary and all the Saints of Paradise, that they may give us grace to do right both for body and soul.’

His factor, Monte d’Andrea, followed this with the ten commandments – ‘not always to be observed, perhaps – but there at the head of the ledger they stood.'” — (cit. Origo, Iris, The Merchant of Prato: Francesco Di Marco Datini, Penguin Books, Alfred A. Knopf, Inc., 1963, p. 279)

[61] Jane Gleeson-White, Double Entry: How The Merchants of Venice Created Modern Finance, 2013 (Kindle)

[62] Seth L. Sanders, The First Tour of Hell: From Neo-Assyrian Propaganda to Early Jewish Revelation (Brill, 2009), Journal of Ancient Near Eastern Religions, Volume 9, Issue 2, pp. 151-169  — “As a forerunner of the apocalyptic otherworldly journey and the visionary tour of hell, its lineage includes the books of Enoch, the Revelation of John, and Dante’s Inferno.”

[63] ibid., p. 151

[64] ibid., p.156 — “[The vision] switches without warning into a first-person confession, and in an exquisite narratological twist, the story itself becomes its narrator’s expiation for the sin that the vision condemns.”

[65] ibid., p. 160 — After the prince awakes from his “vision”, the story changes focus to a character called “that scribe”, who is portrayed as “a double of the crown prince: like the prince a sinner who occupies the post of his father”. It is also noteworthy that the narrator of the vision self-identifies as a scribe (p. 162).

[66] ibid., p.161 — On observing the prince’s actions, “that scribe” also takes the King of the Underworld’s warning to heart: “[the scribe] went and repeated [the story] to the palace, saying ‘Let this be my expiation.’”

[67] What Does “Box and Dice” Mean?, WiseGeek, (17 July 2017) — “‘Box and dice’ is an idiomatic English expression, most common in Australian English, which means ‘the whole thing.’ It is usually part of a longer phrase, most commonly ‘the whole box and dice.” The expression is one of a number of similar terms called merisms.

The phrase ‘the whole box and dice’ probably originates from dice games. In many such games, players store the dice in a small box or cup, often made of wood or leather, when not in use. In some games, the box or cup actually forms part of play. For example, in the game ‘liar’s dice,’ players cover their dice with a box to conceal the value of the score they have rolled.

In games of this type, the box and dice are the only pieces of equipment required to play. To have them is therefore to have everything necessary for the game. This is the most likely origin for the use of this expression as a term for “the whole thing.”

[68] ibid., p.157 — “The prince’s sequence of actions has mythic and ritual connotations, albeit ones we do not fully understand. Certainly, the reference to descent to the netherworld evokes a long tradition in both myth and exorcistic ritual of journeys to the realm of the dead, since both Ishtar and terminally ill patients are said to ‘set their mind to going down to the netherworld.’ This suggests that Kummay [titular name of the “crown prince”] is attempting to deliberately induce a vision or even travel to the netherworld of his own volition.”

[69] ibid., p. 158 — “While a šuttu is simply a dream, tabrītu appears frequently in the vocabulary of Sennacherib and Essarhaddon to describe building projects—actually existing physical objects. It refers to awe-inspiring things seen with the eye. Far from a strictly mental event, numerous Sargonid occurrences of tabrītu refer to material things seen in daylight. The way this vision is narrated emphasizes its reality.”

[70] ibid., p.156

[71] The “gods and demons” are described by various scholars as “hybrid monsters” (Collins 1990) and “monster-demons” (Kvanvig 1981) – that is, they combine animal-bird or human-animal features. Most of the monsters have “feet like a man” (Kvanvig 1981). About one it is said that “with its left foot it was treading” (Kvanvig 1981). One is lacking its hind leg; it will walk with a limp. The last monster is composed of two bodies, has “the head of a man” on the second body, and wears a crown (Kvanvig 1981).

[72] Seth L. Sanders, The First Tour of Hell: From Neo-Assyrian Propaganda to Early Jewish Revelation (Brill, 2009), Journal of Ancient Near Eastern Religions, Volume 9, Issue 2, p. 158

[73] Helge S. Kvanvig, An Akkadian vision as background for Dan 7? (1981), Studia Theologica – Nordic Journal of Theology, 35:1, 85-89

[74] Seth L. Sanders, The First Tour of Hell: From Neo-Assyrian Propaganda to Early Jewish Revelation (Brill, 2009), Journal of Ancient Near Eastern Religions, Volume 9, Issue 2, p. 160

[75] John J. Collins, Review of Roots of Apocalyptic: The Mesopotamian Background of the Enoch Figure and of the Son of Man by Helge S. Kvanvig; Journal of Biblical Literature, Vol. 109, No. 4 (Winter, 1990), p. 717

[76] Seth. L. Sanders, The First Tour of Hell: From Neo-Assyrian Propaganda to Early Jewish Revelation (Brill, 2009), Journal of Ancient Near Eastern Religions, Volume 9, Issue 2, p. 158

[77] John J. Collins, Review of Roots of Apocalyptic: The Mesopotamian Background of the Enoch Figure and of the Son of Man by Helge S. Kvanvig; Journal of Biblical Literature, Vol. 109, No. 4 (Winter, 1990), p. 716

[78] Donald A. Mackenzie, Myths of Babylonia and Assyria (1915), p. 74 (via Sacred Texts, 17 July 2017) — “Another Sumerian storm demon was the Zu bird, which is represented among the stars by Pegasus and Taurus. A legend relates that this ‘worker of evil, who raised the head of evil’, once aspired to rule the gods, and stole from Bel, ‘the lord’ of deities, the Tablets of Destiny, which gave him his power over the Universe as controller of the fates of all. The Zu bird escaped with the Tablets and found shelter on its mountain top in Arabia. Anu called on Ramman, the thunderer, to attack the Zu bird, but he was afraid; other gods appear to have shrunk from the conflict. How the rebel was overcome is not certain, because the legend survives in fragmentary form.”

[79] Seth. L. Sanders, The First Tour of Hell: From Neo-Assyrian Propaganda to Early Jewish Revelation (Brill, 2009), Journal of Ancient Near Eastern Religions, Volume 9, Issue 2, p. 159 — “The vision culminates in a theophany of Nergal, the king of the underworld, enthroned. Kummay quivers in terror at his splendor and falls to his knees before the god. Nergal siezes him by the forelock [..] and roars, intending to kill him, but his advisor Ishum instead advises him to spare Kummay, that he may return penitent to the upper world to begin the glorification of Nergal that results in the story we now read.”

[80] ibid., p.164, citing L4 I. 13 (Streck Assurbanipal: 254), with the variant published by E. Weissert and H.-U. Onasch “The Prologue to Assurbanipal’s Prism E” Or 61 (1992):71.

[81] ibid., p. 165, cf. Dialogue Between Assurbanipal and Nabû — “Of further interest for the identification of the circle in which this text originated is the string of stereotyped wisdom epithets that describe Sennacherib: ‘the eminent one, experienced in matters, wide of understanding, comprehensive in the seat of ordaining fate, who scanned the plans of the foundation of the earth’ (r. 66 u􀃉urāti ša markās qaqqari 􀂪īru).”

[82] 2 Kings 18-19:36, Tanakh, Jerusalem Publication Society (1917)

[83] Temple, Masonic Dictionary (13 July 2017)

[84] Sennacherib, Wikipedia, citing Von Solden (1994) p. 58,100; Foster & Foster (2009) p. 121-123; Stephanie Dalley (2013) The Mystery of the Hanging Garden of Babylon: an elusive world Wonder traced, OUP — “..his building projects included the beautification of Nineveh, a canal 50 km long to bring water to the city, and the ‘Palace Without Rival’, which included what may have been the prototype of the legendary Hanging Gardens of Babylon, or even the actual Hanging Gardens.”

[85] Seth. L. Sanders, The First Tour of Hell: From Neo-Assyrian Propaganda to Early Jewish Revelation (Brill, 2009), Journal of Ancient Near Eastern Religions, Volume 9, Issue 2, p. 160 — “The specific historical identification with Sennacherib is made clear when Nergal says that he built the Akitu house, an act uniquely identified with Sennacherib in this period.”

[86] Joshua J. Mark, Sennacherib, Ancient™ History Encyclopedia (17 July 2017) — “The Book of II Kings 19:37 states, ‘One day, while [Sennacherib] was worshiping in the temple of his god Nisrok, his sons Adrammelek and Sharezer killed him with the sword, and they escaped to the land of Ararat. And Esarhaddon his son succeeded him as king.’ Assyrian inscriptions also maintain that he was killed by his sons but differ on whether he was stabbed or crushed to death. The historian Stephen Bertman writes, ‘Sennacherib was stabbed to death by an assassin (possibly one of his sons) or, according to another account, was crushed to death by the monumental weight of a winged bull that he just happened to be standing beneath’. Whichever way he died, it is thought that he was killed because of his treatment of Babylon.”

[87] Jewish Holy Scriptures: Halakha/Aggadata/Midrash, Encyclopedia Judaica (17 July 2017)

[88] Seth. L. Sanders, The First Tour of Hell: From Neo-Assyrian Propaganda to Early Jewish Revelation (Brill, 2009), Journal of Ancient Near Eastern Religions, Volume 9, Issue 2, p. 160 — “For Sennacherib’s rebuilding of the Akitu-house at Assur, see OIP 2:135-43.”

[89] Given his connection with the “crown prince” and self-professed scribe Assurbanipal – the grandson of Sennacherib – Nabû is an important figure. According to A Dictionary of Ancient Near Eastern Mythology (G. Leick, Routledge 1991):

“He was first called the ‘scribe and minister of Marduk’, and when the latter was assimilated into the official pantheon as the son of Ea, Nabû in turn became known as the son of Marduk from his wife Sarpanitum. He was also accorded the office of patron of the scribes [..] With his elevation to the ranks of the great gods, Nabû became a cosmic deity, entrusted with the Tablets of Destiny, ‘pronouncing the Fate’ of mankind. The texts equate him with Ninurta [elsewhere thought to be the god sent to take back the Tablets of Destiny from the thieving Anzû storm-bird]. He was also sometimes mentioned as a god of water and the fertility of fields, maybe through his descent from Ea; he also shares the epitheton of ‘god of wisdom’. (Pomponio 1978)”

[90] Andrew George,  Exit the “House which Binds Death”: the names of Sennacherib’s Akitu temple and its cella, Nouvelles assyriologiques brèves et utilitaires, 1993 (2 no. 43). pp. 34-35.

[91] Meir Malul, The House Which Binds Death/the Sea, N.A.B.U. Nouvelles Assyriologiques Brèves et Utilitaires, vol. 1993/100, 1993, No. 4, pp. 83-85

[92] Rivkah Harris, Inanna-Ishtar as Paradox and Coincidence of Opposites; History of Religions, Vol. 30, No. 3 (Feb., 1991), pp. 273, 275-276

[93] ibid., p. 276-277 — “The chief participants and actors in the goddess’s cult are well known by name [..] Their transvestism simulated the androgyny of Inanna-Ishtar. It was perhaps the inversion of the male/female binary opposition that thereby neutralized this opposition. By emulating their goddess who was both female and male, they shattered the boundary between the sexes. [..] The cultic personnel of the goddess in their costumes, words, and acts had but one goal: ‘to delight Ishtar’s heart, give themselves up to (otherwise) for[bidden] actions.'”

[94] ibid., p. 273

[95] ibid., p. 265, 270

[96]  Rebecca Lesses, Lilith, Jewish Women’s Archive, citing Montgomery (117). (3 July 2017)

[97] V. and V. Trimondi, The Shadow of the Dalai Lama: Sexuality, Magic and Politics in Tibetan Buddhism (2003), transl. by Mark Penny; p. 60

[98] Antiquity of the Cabala, Jewish Encyclopedia 1906 (online), 30 June 2017

[99] Rachel Elior, The Paradoxical Ascent to God – The Kabbalistic Theosophy of Habad Hasidim (1992), pp. 217-218 — “‘Before Him, blessed be He, for He is omnipotent, Yesh and Ayin are equated with each other, for before Him, blessed be He, heaven and earth are called one, and Yesh and Ayin are entirely equal to each other’ (Rabbi Aharon Halevi, ‘Avodat ha-Levi, I, p. 1)”

“[..] the Habad teachers posited the vital importance of the equalization of the opposites in human worship. The quality of the equalization of opposites that characterizes God deprives contradictions of all validity. Likewise it permits Him to possess dual and contradictory wills that are susceptible to being equalized and unified from the divine point of view. Thus, a divine paradigm is transformed into a pattern for human worship, which also equalizes between nether and upper worlds by descent and ascent, unifying sanctity and sin, commandment and transgression, divine manifestation and inversion.”

“‘Worship in inversion,’ ‘descent for the purpose of rising up,’ ‘self-prostration,’ and ‘sacrifice of the soul’ were seen to be theurgical missions based on the conflict of fulfilling the reverse of the divine commandment for the sake of the divine will to be revealed in all dimensions. [..] This form of worship is the radical conclusion of the view of divinity as the unity of opposites and the understanding of human vocation as being to equalize the opposites.”

[100] V. and V. Trimondi, The Shadow of the Dalai Lama: Sexuality, Magic and Politics in Tibetan Buddhism (2003), transl. by Mark Penny; p. 75

[101] V. and V. Trimondi, The Shadow of the Dalai Lama: Sexuality, Magic and Politics in Tibetan Buddhism (2003), transl. by Mark Penny, p. 104, p. 103; cf. p. 80; — “The five taboo types of meat are granted a sacramental character. Within them are concentrated the energies of the highest Buddhas, who are able to appear through the ‘law of inversion’. The texts thus speak of the ‘five ambrosias’ or ‘five nectars’. Other impure ‘foods’ have also been assigned to the five Dhyani Buddhas. Ratnasambhava is associated with blood, Amitabha with semen, Amoghasiddhi with human flesh, Aksobhya with urine, Vairocana with excrement (Wayman, 1973, p. 116).”

“The Candamaharosana Tantra lists with relish the particular substances which are offered to the adept by his wisdom consort during the sexual magic rituals and which he must swallow: excrement, urine, saliva, leftovers from between her teeth, lipstick, dish-water, vomit, the wash water which remains after her anus has been cleaned (George, 1974, pp. 73, 78, 79). Those who “make the excrement and urine their food, will be truly happy”, promises the Guhyasamaja Tantra (quoted by Gäng, 1988, p. 134). In the Hevajra Tantra the adept must drink the menstrual blood of his mudra out of a skull bowl (Farrow and Menon, 1992, p. 98). But rotten fish, sewer water, canine feces, corpse fat, the excrement of the dead, sanitary napkins as well as all conceivable “intoxicating drinks” are also consumed (Walker, 1982, pp. 80–84).”

“There exists a strict commandment that the practicing yogi may not feel any disgust in consuming these impure substances. ‘One should never feel disgusted by excrement, urine, semen or blood’ (quoted by Gäng, 1988, p. 266). Fundamentally, ‘he must eat and drink whatever he obtains and he should not hold any notions regarding likes and dislikes’ (Farrow and Menon, 1992, p. 67).”

[102] ibid., p. 104

[103] ibid., p.124 — “In one relevant text can be read: ‘Eve keeps the female seed’ (Jung, 1968, p. 320). Even the retention of sperm and its transmutation into something higher is known in the west. Hence the seventeenth-century doctor from Brussels, Johannes Baptista Helmont, states that, ‘If semen is not emitted, it is changed into a spiritual force that preserves its capacities to reproduce sperm and invigorates breath emitted in speech’ (Couliano, 1987, p. 102). Giordano Bruno, the heretic among the Renaissance philosophers, wrote a comprehensive essay on the manipulation of erotic love through the retention of semen and for the purposes of attaining power.”

[104] ibid., p.104 citing Evola, 1993, p. 207

[105] ibid., citing Bachelard, 1990, p. 282.

[106] ibid., p. 62, citing Gross, 1993, p. 48

[107] ibid., p. 47, citing Shaw, 1994, n. 128, pp. 7, 254–255

[108] ibid., p. 63

[109] ibid, p. 75 — “Suitably radical instructions can be found in the Hevajra Tantra: “A wise man … should remove the filth of his mind by filth … one must rise by that through which one falls”, or, more vividly, “As flatulence is cured by eating beans so that wind may expel wind, as a thorn in the foot can be removed by another thorn, and as a poison can be neutralized by poison, so sin can purge sin” (Walker, 1982, p. 34).”

[110] ibid, p. 80

[111] ibid, p. 75

[112] ibid., p.76 — “The fifth and final argument attempts to persuade us that enlightenment per se arises through the radical inversion of its opposite and that there is absolutely no other possible way to break free of the chains of samsara. Here, the tantric logic of inversion has become a dogma which no longer tolerates other paths to enlightenment.”

“However, this tantric logic of inversion contains a dangerous paradox. On the one hand, Vajrayana stands not just in radical opposition to ‘social’ norms, but likewise also to the original fundamental rules of its own Buddhist system. Thus, it must constantly fear accusations and persecution from its religious brethren. On the other there is the danger mentioned by Friedrich Nietzsche, that anyone who too often looks monsters in the face can themselves become a monster.”

[113] J. Assante, Sex, Magic, And The Liminal Body In The Erotic Art And Texts Of The Old Babylonian Period (2002); Sex and Gender in the Ancient Near East; proceedings of the 47th Rencontre Assyriologique Internationale, 2001, p. 34

[114] Wolkstein D. and Kramer S., The Courtship of Inanna and Dumuzi; Inanna, Queen of Heaven and Earth: Her Stories and Hymns from Sumer (1983), Harper & Row (New York), pp. 38-39, 48 — “These Sumerian love songs between the shepherd-king and Inanna belonged in Sumerian times to a ritual Sumerologists call the sacred marriage rite. In this ritual, the king of a Sumerian city (usually given the epithet ‘Dumuzi’) symbolically weds the goddess Inanna, who is represented by the high priestess of her city. If the goddess is pleased with her suitor and his gifts, she opens her house to him. The sacred marriage bed is prepared, and there, at the proper time (see ‘The Joy of Sumer’ hymn and commentary), the marriage between king and goddess takes place to the accompaniment of merriment and such songs as those in ‘The Courtship.'” (Kramer, p. 154)

“The ‘always’ ends. Whether by external or internal interference, unending, uninterrupted mutual bliss is not an earthly possibility. Change is the human condition. In this instance, it is the woman Inanna who by calling for the royal marriage bed brings the family and social world into her exclusive relationship with Dumuzi, thus ending ‘the honey-moon.'” (Kramer, p. 153)

[115] V. and V. Trimondi, The Shadow of the Dalai Lama: Sexuality, Magic and Politics in Tibetan Buddhism (2003), transl. by Mark Penny, p. 91-92, 271

[116] A. Leo Oppenheim, Ancient Mesopotamia, (University of Chicago Press, 1977 ed), p. 204

[117] Mukīl rēš lemutti, Wikipedia, citing F.A. Wiggermann (1997) “Mischwesen, A”. in D.O. Edzard. Reallexikon der Assyriologie und Vorderasiatischen Archäologie: Meek – Mythologie. Walter De Gruyter, p. 241 ; and Jo Ann Scurlock, Burton R. Andersen (2005), Diagnoses in Assyrian and Babylonian Medicine: Ancient Sources, Translations, and Modern Medical Analyses. University of Illinois Press, p. 246

[118] Jo Ann Scurlock (2006), Magico-Medical Means of Treating Ghost-Induced Illnesses in Ancient Mesopotamia. Brill, pp. 30, 53

[119] J. Assante, Sex, Magic, And The Liminal Body In The Erotic Art And Texts Of The Old Babylonian Period (2002); Sex and Gender in the Ancient Near East; proceedings of the 47th Rencontre Assyriologique Internationale, 2001, pp. 28-30

[120] Ecclesiastes 11:1-2 (Amplified Bible)

[121] Marriage of the Sea ceremony, Wikipedia, citing Kennedy, Benjamin (1962). “35b”. Revised Latin Primer. Great Britain: Longmans. p. 19; The Bucintoro, Comitato Festa della Sensa (17 Feb 2012). (21 June 2017)

[122] J. Assante, Sex, Magic, And The Liminal Body In The Erotic Art And Texts Of The Old Babylonian Period (2002); Sex and Gender in the Ancient Near East; proceedings of the 47th Rencontre Assyriologique Internationale, 2001 — The traditional scholarly view is that harimtu means prostitute, and refers to a cult of “sacred prostitution”. This view has been challenged by feminist scholars such as Assante (1998, 2000: 10-73), arguing for an interpretation of the harimtu as an unmarried/unattached woman looking for sex, in a culture that had a libertine (my word) view to sexual activity.

[123] Michael Hudson and Marc Van De Mieroop, Debt and Economic Renewal in the Ancient Near East, pp. 23-35

[124] Alexander Solzhenitsyn, Two Hundred Years Together, chapter 3. See also the “Jewish Regulation of 1804”, which included a total prohibition on Jewish distilling and tavern keeping.

[125] Michael Homan, Beer Production by Throwing Bread into Water: A New Interpretation of Qoh. XI 1-2, Vetus Testamentum, Vol. 52, Fasc. 2 (Apr., 2002), pp. 275-278 — “Beer and bread were intimately linked in the ancient Near East. Breweries from Egypt to Mesopotamia created beer by lightly baking dough composed of ground germinated cereals, and these loaves along with yeast were placed in jars of water, where the maltose sugars were converted to alcohol.”

“In favor of this interpretation are several Akkadian passages which state that beer ingredients (including bappir bread and dates) are thrown into the water to produce beer, with the verb nadu (“to throw”) used in technical language for brewing beer.”

[126] J. Assante, Sex, Magic, And The Liminal Body In The Erotic Art And Texts Of The Old Babylonian Period (2002); Sex and Gender in the Ancient Near East; proceedings of the 47th Rencontre Assyriologique Internationale, 2001, pp. 33-34 —

“With the slap of the face, with the rolling of the eyes,
I have hit you on the head, I have deranged your reason,
Set your will to my will,
Set your decision to my decision,
I hold you fast as Ishtar held Dumuzi,
(As) beer binds her drinker,
I have bound you with my hairy mouth,
With my vagina (full of) wetness,
With my mouth (full of) saliva,
With my vagina (full of) wetness,
No female rival shall go near you!”

“What is important here is that the incantation employs Ishtar’s seizure of her lover and beer’s seizure of the drinker as similes for the state of being spellbound. [..] Ishtar, beer, vagina and mouth all have the power to bind. Here, as elsewhere, the vagina and mouth are interchangeable. The magical body of the divine harimtu binds at both ends. [..] The association between drinking and sex was deeply rooted in the Mesopotamian psyche of the Old Babylonian period [..] For example, beer was firmly equated to saliva and vaginal wetness [..] Mesopotamian beer was normally sweetened with date syrup, called “honey” in modern translations. In most literary erotica the mouth and vulva are honey-sweet, as they are in this Sumerian court poem from Ur:”

“My god, the tavern keeper, her beer is sweet!
And her vulva is sweet like her beer – and her beer is sweet!
And her vulva is sweet like all her mouths – and her beer is sweet!
Her kašbir-beer and her (regular) beer are sweet.”

“In this hymn, the poet adds the anus to the list of transposable body portals, although it is merely alluded to as inferior kašbir beer.”

[127] Rivkah Harris, Inanna-Ishtar as Paradox and Coincidence of Opposites; History of Religions, Vol. 30, No. 3 (Feb., 1991), p. 273

[128] J. Assante, Sex, Magic, And The Liminal Body In The Erotic Art And Texts Of The Old Babylonian Period (2002); Sex and Gender in the Ancient Near East; proceedings of the 47th Rencontre Assyriologique Internationale, 2001, p. 33

[129] Revue d’Assyriologie et d’archéologie orientale. Given intention to publish a book revealing a host of further evidences, this author apologises for not providing a more detailed citation at this time.

[130] 2 Kings 17:19-24, Ezra 4:9-11, Tanakh, Jewish Publication Society of America, 1917 — 2 Kings 17:19-24
19. Also Judah kept not the commandments of the LORD their God, but walked in the statutes of Israel which they practised.
20. And the LORD rejected all the seed of Israel, and afflicted them, and delivered them into the hand of spoilers, until He had cast them out of His sight.
..
22. And the children of Israel walked in all the sins of Jeroboam which he did; they departed not from them;
23 until the LORD removed Israel out of His sight, as He spoke by the hand of all His servants the prophets. So Israel was carried away out of their own land to Assyria, unto this day.
24 And the king of Assyria brought men from Babylon, and from Cuthah, and from Avva, and from Hamath and Sepharvaim, and placed them in the cities of Samaria instead of the children of Israel; and they possessed Samaria, and dwelt in the cities thereof.

Ezra 4:9-11
9 ..then wrote Rehum the commander, and Shimshai the scribe, and the rest of their companions; the Dinites, and the Apharesattechites, the Tarpelites, the Apharesites, the Archevites, the Babylonians, the Shushanchites, the Dehites, the Elamites,
10 and the rest of the nations whom the great and noble Asenappar brought over, and set in the city of Samaria, and the rest that are in the country beyond the River…

[131] Nili Wazana, Anzu and Ziz: Great Mythical Birds in Ancient Near Eastern, Biblical, and Rabbinic Traditions (2008), Journal of the Ancient Near Eastern Society 31 (2009): 111-135 –– “Were the Israelites acquainted with the Epic of Anzu? A seventh century b.c.e. cylinder seal portraying the battle of Ninurta and Anzu was discovered in Israel. While this sporadic, graphic witness cannot count as proof of knowledge of the Epic of Anzu, it does show that symbols of the combat myth had arrived along with the Assyrian army, part and parcel of a general cultural influence. Furthermore, studies have shown that the Bible employs literary motifs and linguistic expressions reflecting royal Neo-Assyrian inscriptions when ‘quoting’ Assyrian speakers, concluding that some biblical authors must have been acquainted not only with the ‘Assyrian experience,’ but also with official royal literary traditions. Considering that the Epic of Anzu played a role in the language of royal Neo-Assyrian inscriptions, underlying the criminal characterization of some of the figures in imperialistic propaganda, it is highly probable that biblical authors were familiar with this creature and its traditions—even if they did not know the epic itself, before the Babylonian exile.”

[132] Russell Gmirkin, Berossus and Genesis, Manetho and Exodus: Hellenistic Histories and the Date of the Pentateuch, 2006 — Gmirkin offers evidence that contradicts a widely-accepted argument concerning the earliest origins of “anti-Semitism”, which is allegedly found in the writings of an Egyptian priest of the third century BC named Manetho, in his history of Egypt (Aegyptiaca). Manetho reported that centuries earlier, a foreign population had entered Egypt from the east via the Nile delta. These foreigners rose in power, and became an increasing problem to the Egyptian natives, who were finally motivated to expel them when the foreign population developed a serious skin disease (leprosy?). According to Manetho, these ejected foreigners relocated to Jerusalem.

Gmirkin argues that the book of Exodus was written by Jewish intellectuals in Alexandria (Egypt) in reaction to Manetho, whose account came first and was more accurate. That is to say, rather than Manetho attacking the Jews, “the borrowing and polemics took place in the opposite direction; the Pentateuch polemicized against the Egyptian expulsion stories in Manetho.” (pp.2-3)

[133] Exodus 3:8, 33:3, Tanakh, Jerusalem Publication Society, 1917 the common interpretation has been that “flowing with milk and honey” is a metaphor for the abundant fertility of the land itself.

[134] V. and V. Trimondi, The Shadow of the Dalai Lama: Sexuality, Magic and Politics in Tibetan Buddhism (2003), transl. by Mark Penny, p. 119

[135] ibid., p. 120-121

[136] ibid., 121 — “The embracing of a ‘bleeding’ lover is therefore a great ritual privilege. In his book on Indian ecstatic cults, Philip Rawson indicates that ‘the most powerful sexual rite … requires intercourse with the female partner when she is menstruating and her “red” sexual energy is at its peak’ (Rawson, 1973, p. 24; see also Chöpel, 1992, p. 191).”

[137] Judy Grahn, Ecology of the Erotic in a Myth of Inanna, International Journal of Transpersonal Studies 29(2), 2010, p. 60; citing Black et al., 2004, p. 197

[138] Lishtar, The Avenging Maiden and the Predator Gardener: A Study of Inanna and Shukaletuda (2000), citing Shuttle and Redgrove (1989), p. 21

[139] Exodus 7:14-24, Tanakh, Jerusalem Publication Society, 1917 – “And the LORD said unto Moses: ‘Say unto Aaron: Take thy rod, and stretch out thy hand over the waters of Egypt, over their rivers, over their streams, and over their pools, and over all their ponds of water, that they may become blood; and there shall be blood throughout all the land of Egypt, both in vessels of wood and in vessels of stone.’” (verse 19)

[140] Exodus 8:26-29; 9:1-10, Tanakh, Jerusalem Publication Society, 1917

[141] Alchemy, Encyclopedia Judaica, Jewish Virtual Library (17 June 2017) — “The Jewish association with alchemy dates from ancient times. Zosimos, a fifth-century Greek historian, states that the Jews acquired the secrets of the “sacred craft” of the Egyptians and the knowledge of the “power of gold” which derives from it by dishonest means, and they imparted the knowledge of alchemy to the rest of the world. In ancient Greek manuscripts, which contain lists of writings on alchemy, a number of alchemic and magic writings are attributed to Moses…”

[142] Alchemy, Jewish Encyclopedia, (17 June 2017) — “Traces of the connection of Jews with the science of Alchemy are very scanty in Hebrew literature. Not a single distinguished adept is found who has left in a Hebrew form traces of his knowledge of the subject. There is, however, scarcely a single important ancient work upon the science which is not directly related to the Jews, with their traditions and their science. Alchemy, like others of the exact sciences, suffered from the introduction of foreign elements, and developed from a more or less secret science belonging to a particular craft, into a mysterious science dealing with changes in the organic as well as the metallic world.”

“In the evolution of Alchemy there are at least three epochs: The first, the Greek and Egyptian period; the second, the Arabic of the Middle Ages; and the last, or modern, period, extending from the sixteenth century to the present day.”

“Alchemy had already in the second or third century assumed a mystical and magical character, exemplified in such recipes as appear in the magic papyri. The whole syncretism of the East—Jewish and Egyptian gnosis, Greek mysteries, and Ophite speculations—combined to produce a current of thought which affected every mental production of the age.”

“Adam and Abraham have in their turn been described as authors of alchemistic treatises, and Moses is repeatedly met with as the author of such works. To Moses are ascribed the Greek treatise known as ‘Diplosis’ (that is, the art of doubling the weight of gold), and the treatise ‘The Chemistry of Moses’ (dealing with metallurgy), published by Berthelot in his ‘Collection des Anciens Alchimistes Grecs,’ Paris, 1887-88, ii. 300-315, iii. 287-301. In the Greek manuscript of St. Mark of the ninth century Zosimos quotes long passages from ‘The Chemistry of Moses.'”

[143] Vladimír Karpenko, Alchemy as donum dei, HYLE – International Journal for Philosophy of Chemistry, Vol. 4 (1998), No. 1, pp. 63-80; — “In the Hellenistic world particular attention should be paid to Mary the Jewess, one of the most influential personalities of this science. God appears in connection with her, but in a slightly different manner than later. To Mary, alchemy is donum dei, a gift of God; but this gift was given only to ‘chosen people’, Jews. She is reported to have said: “Do not touch the philosopher’s stone with your hands; you are not of our race, you are not of the race of Abraham.’* Thus alchemy was not for alchemists in general, but for the race of Abraham. Alchemy is presented here as the spiritual property of Jews. As pointed out by Patai, the singular form ‘God’ is used strictly in texts attributed to Mary, and this claim that alchemical secrets were revealed to her by God became a part of the medieval alchemical tradition about her.”

*Patai, R.: 1994, The Jewish Alchemists, Princeton Univ. Press, Princeton, p. 76.

[144] Autumnal, Online Etymology Dictionary (10 July 2017)

Autumn (n): late 14c., autumpne (modern form from 16c.), from Old French autumpne, automne (13c.), from Latin autumnus (also auctumnus, perhaps influenced by auctus “increase”).

Harvest (n): Old English hærfest “autumn,” as one of the four seasons, “period between August and November,” from Proto-Germanic *harbitas (source also of Old Saxon hervist, Old Frisian and Dutch herfst, German Herbst “autumn,” Old Norse haust “harvest”), from PIE *kerp- “to gather, pluck, harvest” (source also of Sanskrit krpana “sword,” krpani “shears;” Greek karpos “fruit,” karpizomai “make harvest of;” Latin carpere “to cut, divide, pluck;” Lithuanian kerpu “cut;” Middle Irish cerbaim “cut”).

In Old English with only implied reference to the gathering of crops. The borrowing of autumn and the use of fall (n.) in a seasonal sense gradually focused the meaning of harvest to “the time of gathering crops” (mid-13c.), also to the action itself and the product of the action (after c. 1300), which became its main senses from 14c.

Standard
Time

Double (Entry) Trouble

 

Apocalypse (Revelation, uncovering) of St. John 18:6

 

18 And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory.

2 And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird.

3 For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.

4 And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues.

5 For her sins have reached unto heaven, and God hath remembered her iniquities.

6 Reward* her even as she rewarded you, and double unto her double according to her works: in the cup** which she hath filled fill to her double.

Borrower-CC_DE_red

 

Lender-CC_DE

 

LOAN-STAR-CC_DE_red-borrower

 

Revelation 18-6 Strongs

 

* “Reward” – Strong’s G591 – apodidōmi

Reward

 

** “Cup” (chalice) – Strong’s G4221 – potērion

Cup

 

Dishonourable Debt: Why Borrowers Are Not Legally Bound To Repay Bank Loans.

Standard
Time

Dishonourable Debt: Why Borrowers Are Not Legally Bound To Repay Bank Loans

 

I intend to do what little one man can do to awaken the public conscience, and in the meantime I am not frightened by your menaces. I am not a giant physically; I shrink from pain and filth and vermin and foul air, like any other man of refinement; also, I freely admit, when I see a line of a hundred policemen with drawn revolvers flung across a street to keep anyone from coming onto private property to hear my feeble voice, I am somewhat disturbed in my nerves. But I have a conscience and a religious faith, and I know that our liberties were not won without suffering, and may be lost again through our cowardice. I intend to do my duty to my country.1

Upton Sinclair, Letter to the L.A. Chief of Police, 17 May 1923

 

A classic proverb holds that “there is honour among thieves”.

For 99% of thieves, this proverb is actually true.

But there is a minority of thieves, alas, who have no honour at all. They are the thieves who create 97% of our moneyin the form of debtthrough the magic of double-entry accounting.

Thanks to the added magic of compounding interest owed on all the money, the total amount of debt owed worldwide has grown so large, it is now impossible to repay. Although, truth be told, because all of the ‘money’ is actually debt, it has always been impossible to repay, because repaying all the debt would eliminate all the ‘money’.

As two authorities on the matterone, the High Priest, the other, a mere deacon of the Federal Reserve Bankintoned way back in the Great Depression:

If there were no debts in our money system, there wouldn’t be any money.2

If all the bank loans were paid up, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on the commercial banks for our money. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible – but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon.3

 

If you were not previously familiar with the illogical, paradoxical, circular pseudo-realities that arise from double-entry accounting, then Welcome to Numberland, Alice.

Even though this is the objective truth, the irrefutable reality of how the debt-based ‘money’ system works, most of us continue to believe in the impossible.

That is to say, we continue to believefalselythat we are bound to honour our debts.

Famed anthropologist and author of Debt: The First 5000 Years, David Graeber explains:

That common-sensical notion not only that it’s moral to pay one’s debt, but also that morality essentially is a matter of paying one’s debts can bring people to justify things that they would never think to justify in any other circumstance.4

 

Economist and historian Michael Hudson says that the bankers have known about this anthropological discovery since at least the 1980’s:

They found out that the poor are honest. Almost the only people who believe they should repay their debts are the poor people. And in fact, the less money you have, the more you believe the debts should be paid.5

 

Nearly 2500 years ago, the man widely acknowledged to be the foundational figure for Western science, philosophy, law-making, and mathematics, gave this instruction to lenders and borrowers:

μηδὲ νόμισμα παρακατατίθεσθαι ὅτῳ μή τις πιστεύει, μηδὲ δανείζειν ἐπὶ τόκῳ, ὡς ἐξὸν μὴ ἀποδιδόναι τὸ παράπαν τῷ δανεισαμένῳ μήτε τόκον μήτε κεφάλαιον

No one shall deposit money with anyone he does not trust, nor lend at interest, since it is permissible for the borrower to refuse entirely to pay back either interest or principal.6

 

It turns out that Plato was right.

It is permissiblelegallyfor all the world’s borrowers to refuse to honour all their debts to all the world’s banks.

The reason why is becauselegallyno bank has lent us any money.

In factaccording to the banks themselves—legally, all the money in the banks was lent by us to them.

(Feeling dizzy Alice?)

According to Black’s, the most widely used law dictionary in the United States7, “money” is legally defined as (emphasis added):

A general, indefinite term for the measure and representative of value; currency; the circulating medium; cash. “Money” is a generic term, and embraces every description of coin or bank-notes recognized by common consent as a representative of value in effecting exchanges of property or payment of debts. Hopson v. Fountain. 5 Humph. (Tenn.) 140. Money is used in a specific and also in a general and more comprehensive sense. In its specific sense, it means what is coined or stamped by public authority, and has its determinate value fixed by governments. In its more comprehensive and general sense, it means wealth.8

 

Rather than lending us legal money, bankers have misled and deceived us into renting a record of a promise to pay legal money.

They have misled and deceived us into believing that their record of their promise to pay us money, is actually money (legal substance).

They have also misled and deceived us into believing that their record of their promise to pay us money, is actually our money (ownership title).

And here’s the real kicker.

Despite the fact that they claim to have loaned us all this money, thanks to the magical paradox at the heart of double-entry accounting, they also claim, simultaneously, precisely the opposite to be true that we have actually loaned all that money to them.

(We will return to this later – think “bail-in”).

It really does beg the question, “Does anyone really own money?”

Because the ‘money’ that the bankers have purportedly ‘loaned’ to usthat we have loaned to themis neither money in true legal substance, nor is it certain just whose ‘money’ it actually is, we can confidently assert that the bankers have

  • misrepresented the sign, true substance, and true value of the “consideration” component of the loan agreement,
  • engaged in misleading and deceptive conduct in the withholding and/or obfuscation of key information pertaining to their capacity to deliver on their promise of performance,
  • made false, misleading, and deceptive statements and representations in the inducement of borrowers to enter into an agreement of exchange of mutual performances (the “offer”),
  • failed to deliver on their promise of performance (“failure of consideration”),
  • engaged in misleading and deceptive conduct in obfuscating their failure to deliver on their promise of performance, and
  • gained dishonest advantage (“interest”, “yield”, “return”) through these acts of misleading and deceptive conduct.

You may well be feelinglike Alicerather incredulous about this, and questioning how it is possible. After all, surely the financial accounting standard-setters and our government regulators would prevent such things from happening?

Alas, no.

Just as with double-entry accountingthe magical foundation on which the entire parasite worm-ridden edifice of global banking and finance is built—the truth is exactly the opposite.

Ever since the “financial reporting revolution ushered in by financial economics ascendance in the 1960s”9 and the “increasing hegemony of neo-liberal ideology over issues of public policy and regulation ushered in by Reagan and Thatcher”10, the financial accounting standards bodies and government regulators have aided and abetted the bankers in their misleading and deceptive conduct:

Well documented is the growing dominance of the social sciences and of business education by neoclassical economic ideas (Ferraro, Pfeffer, & Sutton, 2005), which form the intellectual foundation of neo-liberal morality and politics.11

Transforming accounting in the academy into a neoclassical economics sub-discipline (Reiter & Williams, 2002), which the financial reporting revolution accomplished, has impoverished accounting discourse as a moral discourse (Reiter, 1998; Williams, 2000) and led to the understanding of accounting as a practice whose purpose is to cohere with a world made natural by the discourse of neoclassical economics.12

 

For at least four decades, the private not-for-profit (oh really?) financial accounting standard-setters (FASB, IASB) have continued to actively aid and abet the bankers’ misleading and deceptive conduct, despite frequent accounting-enabled corporate scandals and resultant financial crises, and the often stunning revelations and criticisms presented in the peer-reviewed accounting literature (emphasis added):

The savings and loan failures in the late 1980s and 1990s, the Enron, Global Crossing and Tyco corporate scandals, Andersen’s demise, and the sub-prime mortgage crisis all relate to deception [emphasis in original]. All such scandals involved to varying degrees the telling of accounting untruths…13

Accounting representations are true if they predict, or true if they abet the privileged group to pursue its objectives, a quite different notion of true than implied by the popular usage…14

[M]any accounting signs no longer refer to real objects and events and accounting no longer functions according to the logic of transparent representation, stewardship or information economics.15

[A]ccounting today no longer refers to any objective reality but instead circulates in a “hyperreality” of self-referential models.16

The accounting sign now precedes (and even creates through its ‘‘sign value’’) the referent that it once purported to represent. It is no longer an abstraction or an appearance of any ‘‘real’’ thing. It is its own pure simulation, making circular references to other models which themselves make circular references to accounting signs.17

Are such disasters [Enron] necessary before accountants begin to realise how indispensable it is to make a distinction between conceptual representation (including accounting representations and misrepresentations) and the reality to be represented?18

 

As mentioned earlier, around 97% of so-called ‘money’ in ‘circulation’ (hint: it doesn’t actually circulate in the true meaning of the word; it magically disappears in one place, and magically reappears in another) is not actually money (“coined or stamped by public authority”)19. It is bank-created ‘credit’.

By legal definition, bank ‘credit’ is not real money.

Bank ‘credit’ is actually just an electronic double-entry accounting record of the bank’s promise to pay real money.

However, this objective legal reality has not prevented the FASB/IASB from aiding and abetting the bankers in their false, misleading and deceptive misrepresentation of the mere sign of money as actually being real legal money, and consequently inducing prospective borrowers into forming loan agreements for the purpose of gain for the bankers (“interest”, “yield”, “return”) on the basis of this fundamental misrepresentation.

For example, effective July 1, 2009—that is, in the middle of the global banking liquidity crisis known as the “GFC”—the Financial Accounting Standards Board (FASB) introduced Accounting Standards Codification (ASC) §305 Cash and Cash Equivalents. This new standard effectively sanctioned—and obfuscated—the banks’ misleading and deceptive conduct in renting records of promises to pay under the guise of so-called ‘money’ (emphasis added; duplicitous weasel words underlined):

Cash

Consistent with common usage, cash includes not only currency on hand but demand deposits with banks or other financial institutions. Cash also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. All charges and credits to those accounts are cash receipts or payments to both the entity owning the account and the bank holding it. For example, a bank’s granting of a loan by crediting the proceeds to a customer’s demand deposit account is a cash payment by the bank and a cash receipt of the customer when the entry is made.

 

This codification of the bookkeeping entry record of bank ‘credits’—the record of a promise to pay cash—as actually being (is) ‘cash’, is in clear contradiction of the legal definition of money.

An electronic record of a promise to pay cash

  • is not “coin or bank-notes”,
  • is not “coined or stamped by public authority”,
  • is not “currency” or “cash”; that is to say, not in any sense that is or would be “recognized by common consent (Black’s) as being actual “currency” or “cash” (i.e., coin or bank-notes; legal tender).

According to the International Institute of Certified Public Accountants (IICPA) in an Open Letter to both the FASB and the International Accounting Standards Board (IASB) in May 2013, this codification of banks’ electronic ‘credits’ as (not representing but) actually being “cash” is also in breach of Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS); (emphasis added):

Demand deposits referred to by the public as “cash in bank” is recorded and reported by monetary financial institutions (MFI) in units of account by double-entry bookkeeping in a process which the MFIs call “lending” — but which is effectively a nullity — by debiting loans receivable and crediting demand deposits.

These so created units of account are then denominated at will in dollars, pound sterling, euros, etc., depending on the terms of the documentation or underlying promissory note, or whatever is the legal document giving rise to this type of “lending,” using whatever is the name of the currency in the jurisdiction in which it takes place, but legal tender the “demand deposits” are not.

These so-called “loans receivable” that give rise to these so-called “demand deposits”

  • are not assets within the meaning of economic resources,
  • do not have the capacity to eventually result in cash inflows (cash being legal tender or central bank money, so called federal funds),
  • are created bank-internally and therefore in violation of self-dealing,
  • have no cost basis,
  • have no market value except by way of assignment against like-kind-nullities to or from other MFIs never settled in legal tender or central bank money.20

 

If that were not enough, it gets worse.

Astonishingly, the FASB’s ASC §305-10-55-1 Implementation guidance tumbles even further down the rabbit hole of logical and legal unrealitynot to mention amoralityin stating what the bank customers’ perspective of so-called “Cash and Cash Equivalents” “shall” be (emphasis added):

Cash on deposit at a financial institution shall be considered by the depositor as cash rather than as an amount owed to the depositor.

 

This codification by an unelected, private not-for-profit financial accounting standards organisation of how the general public “shall” consider their so-called “cash on deposit”, is in clear contradiction of

  • the legal definition of “money”,
  • the common understanding of the word “cash” as meaning a government-created tangible entity (i.e., legal tender notes and coins),
  • the banks’ own balance sheet records affirming all customer “deposits” as being a Liability (i.e., amounts owed to customers),
  • the banks’ perspective regarding ownership title (claim) on this so-called “cash” (a perspective backed, incidentally, by the Financial Stability Board in its G20-wide “resolution regime” in preparation for “bad” bank bail-ins).

The implications of this are disturbing.

The FASB has ex post facto codified that banks may consider bank ‘credits’ (a record of a promise to pay cash) as actually being “cash” for accounting purposes; that the customers’ perspective of bank ‘credits’ “shall” be that those ‘credits’ are (literal physical) “cash”, and, that they are not amounts owed to them by the bank, wholly irrespective of whether or not the banks have actually met (or will actually meet) their legal obligations under contract law.

While the FASB might imagine that it can—without any practical or legal implications—surreptitiously decree how hundreds of millions of “depositors” “shall” view their “deposit”, the truth of the matter is that an immediate contradiction, and critical conflict of interests arises.

Quite simply, the FASB’s ASC §305 Cash and Cash Equivalents codification does not even comply with the rules of double-entry bookkeeping, much less the common understanding of the true meaning of the word “cash”. It has potentially far-reaching implications for the legal standing of banks’ claims on borrowers for the (re)payment of “consideration” (plus compounding “interest” in addition), in that it serves to highlight the false, misleading, and deceptive statements and representations of banks in the formation of loan contracts.

To illustrate this critical point, the following diagram depicts all of the perspectives (views), concepts, and realities that are inherent in a double-entry bookkeeping-based ‘account’ of the bank Lender – customer Borrower relationship. Keeping in mind that—since the time of the Stoics—it has been considered an “indispensable” fundamental of philosophical and scientific discourse to express clearly the difference and relation between the threefold notions of the sign (sound, written symbol, etc), the conceptual idea (meaning) communicated by the sign, and the real (the actual object or event behind the concept)21, all three notions — “Sign”, Concept, (Real) — are clearly marked for each party and each perspective of the two-sided, legally-binding mutual “exchange” of promises-to-pay.

psalmistice_DE_FASB_ASC-305-10-55-1_ASC-305-10-20

 

Consider carefully the following:

  • Irrespective of whether one adopts the perspective of the Borrower or the Lender, any so-called “cash” or “demand deposit” appears only as a sign (sound, name, symbol, i.e., a misrepresentation) of the Lender’s IOU,
  • The real object or event underlying the purported existence of “cash in bank” (or “demand deposit”), is the Lender’s IOU (promise-to-pay); in other words, the real object or event is the Lender’s promise of performance (“consideration”), and not “coin or bank-notes” “stamped by public authority”,
  • The sign (“cash in bank”, “money”, “funds”, “$”, “€”, “£”, etc) that is purported to the Borrower by the Lender to not merely represent but to actually be the underlying reality, is false, misleading, and deceptive,
  • As the Borrower has been induced to accept the offer to contract with the Lender on the basis of false, misleading, and deceptive representations, the loan contract is unenforceable,
  • The Lender’s IOU is simultaneously an Asset of the Borrower, and a Liability of the Lender (contradicting §305-10-55-1),
  • As a loan agreement requires inter alia the exchange of mutual performances, and the Lender’s obligation is defined as necessarily preceding that of the Borrower, the recording and reporting of the Lender’s IOU as a Liability demonstrates that the Lender has failed to deliver on its promise of performance (“consideration”), i.e., to provide the Borrower with money (“coin or bank-notes” “stamped by public authority”); therefore, the loan contract is unenforceable.

 

There is one final matter to consider.

Since early 2009, the unelected Financial Stability Board (FSB)—perennially chaired by Goldman Sachs alumni—has been working with G20 governments and financial regulatory authorities to implement a global banking “resolution regime”. One of the Key Attributes of this scheme is the passage of legislation granting governments the power to “bail-in” the “deposits” of bank customers in order to save or reestablish a “bad” bank or “systemically-important” financial institution.

Despite the reality that all so-called “customer deposits” have in fact been created ex nihilo by the banks through the act of “lending” to customers, and are reported as a Liability of the banks on their balance sheets (i.e., as ‘money’ still owed to the customer), both the banks and the FSB’s global banking resolution regime consider the customer to be a “creditor” of the bank.

In other words, rather than the bank having purportedly loaned (but not yet delivered) ‘money’ to the customer, the bank and the FSB deem that the situation is precisely the reverse – the customer has purportedly loaned his/her ‘money’ to the bank (note the implicit assumption of customer ownership).

Believe it or not, there is an explanation—albeit a perverse, morally abhorrent and unconscionable explanation—for this, and in turn, for how the creeping global preparations to legally steal the “deposit” assets of bank customers (refer above diagram) is able to be “justified” by the banks, the financial and political authorities, and the unelected, BIS-funded, Goldman Sachs alumni-chaired FSB.

At the heart of the matter is the ever-present paradox of perspective inherent in the Babylonian Duality Principle on which double-entry accounting is based.

Banks are able to create new (so-called) ‘money’ ex nihilo through the loan origination process. As this is recorded using double-entry accounting, every new loan results in a new Asset and a new Liability on the banks’ balance sheet records.

However, because banks act both as new loan (thus, new ‘money’) originators and as financial intermediaries, there is no way of disaggregating the Liability side of any bank’s balance sheet in order to clearly distinguish between those “deposits” that have arisen in consequence of that bank’s own lending (so-called), and those “deposits” that have arisen in consequence of that bank’s intermediation (i.e., ‘transfers’ of ‘money’ from one customer account to another customer account at the same bank, or, from the customer accounts of other financial institutions to customers of the bank).

Whether or not any particular unit of any particular “deposit” amount could truthfully be defined as ‘money’ loaned to the bank by a customer, or, loaned by the bank to a customer, is dependent on knowing with complete certainty how and when each and every unit came to be recorded in the customer account. The only customer account for which such certainty is possible, is a customer account created by the bank at the moment of first originating a loan, and, before any new entry for even one single fractional unit of the denominated currency has been either added to, or subtracted from that customer account.

There is one further exception – an account established for one of the bankers’ favourite clients—arms dealers, drug cartels, mafioso, and other criminal organisations such as the CIA—at the first moment of the client handing over real legal tender cash notes at the bank to open the account.

In any event, since even a ‘transfer’ of ‘money’ from one bank to another still has the same ultimate origin—an out-of-nothing creation of an electronic record of a mutual exchange of promises to pay—then from a whole-of-banking-system perspective it really doesn’t matter; all so-called ‘money’ on ‘deposit’ is simultaneously owned by the customers, and by the banks.

(Oh yes, by the way, since that ‘money’ is really just a record of a promise, and we all buy and sell mostly by way of ‘transfers’ entered in these electronic records, then, strictly speaking, we are all thieves, because none of us is actually giving real legal money in payment to our fellows in exchange for their goods and services, unless we actually “cash-in” the bank’s “offer” (promise) to pay us real money, in order to pay our fellow in real legal money – government-created legal tender cash notes and coins).

The bankersaided and abetted by the FASB, FSB et al—resolve this ownership contradiction by choosing to have their cake and eat it too. That is to say, the bankers take advantage of the embedded paradox of perspective in double-entry accounting, and arbitrarily decide who will be deemed the true owner of any and all “deposits” (i.e., who is debtor and who is creditor), depending—of course—on what suits the bankers’ best interests at any given moment in time.

In good times, it’s business as usual the bankers will consider your “deposit” account to represent ‘money’ owned by and owed to you, and willif they canhonour their promise to give you real legal cash on demand (but will far more commonly just ‘transfer’ your ‘credits’ to someone else’s account).

In not so good times, the bankers will consider your “deposit” account to represent a loan from you to the bank … and so, as you are now just an “unsecured creditor”, what you thought was your ‘money’ in the bank can (and will) be legally purloined, to “bail-in” the “bad” bankers.

One might well ask why it is that the generally “unsophisticated” (i.e., misled and deceived) customers of banks should be made to suffer any loss or damage arising from a “bad” financial institution’s employees or executives’ malfeasance, misfeasance, or nonfeasance, and/or from their failure to use record-keeping systems and methods adequate to the task of clearly distinguishing between bank assets, and customer assets.

The answer lies (pun intended) in a relatively recent accounting concept advanced by the standard-setters, in consequence of the neoclassical / neo-liberal ideological takeover of economics, accounting, and financial reporting. This wonderfully Orwellian idea is called “decision usefulness” (emphasis added):

For standard-setters the overriding criterion of decision usefulness, which FASB and IASB narrowly define as helping to predict cash flows, has replaced veracity in financial reporting as an end in itself. The ascension of decision usefulness as a public rationale for FASB actions has produced for the profession the situation .. [of] .. simultaneous committing to two, often conflicting ideas of truth22

Decision usefulness has been and continues to be applied in accounting to justify its activities, a singular emphasis on an accounting discourse which we view as highly problematic and seriously impairing accounting as an ethical practice.23

Truth poses a genuine problem for accounting, one that cannot be so easily finessed by appeals to decision usefulness.24

[A]ccounting standard setters have replaced a responsibility for truth with decision usefulness, which, given the ambiguity of decision usefulness, effectively absolves them of responsibility for the consequences of their actions.25

 

In his recently released book The End of Alchemy, former governor of the Bank of England Mervyn King makes a similar observation (emphasis added):

“Regulation has become extraordinarily complex, and in ways that do not go to the heart of the problem. … Much of the complexity reflects pressure from financial firms. By encouraging a culture in which compliance with detailed regulation is a defense against a charge of wrongdoing, bankers and regulators have colluded in a self-defeating spiral of complexity.”26

 

Upton Sinclair famously said that “It is difficult to get a man to understand something when his salary depends on his not understanding it”.

Indeed, there are many who will doubtless object to the argument here presentedthat it is legally permissible for all the world’s borrowers to refuse to honour all their debts to all the world’s bankswith a reflexive, ill-considered, tediously shallow and laughably ironic dismissal that “this is all just semantics”.

Quite so.

Semantics (from Ancient Greek: σημαντικός sēmantikós, “significant”) is the study of meaning. It focuses on the relationship between signifiers—like words, phrases, signs, and symbols—and what they stand for, their denotation.27

 

The entire matter pivots on the question of truth. More specifically, the legal argument pivots on demonstrating that there has been a mis-representation of the truth, by the bankers.

What is the true reality, the real object or event that has been promised to the borrowers by the bankers—that is to say, what is the true object or event as commonly understood by the borrowersand re-presented to the borrowers by the bankers using the signifiers ‘money’, ‘cash’, ‘funds’, ‘credit’, ‘deposit’, ‘sum’, ‘amount’, ‘$’, ‘‘, ‘£‘, etc?

Has there, or has there not, been any false, misleading, or deceptive statements or representations made by the bankers to the borrowers, in order to induce the borrowers to agree to accept the offer to contract?

Have the bankers made any false, misleading, or deceptive statements or representations to the borrowers, that obfuscate a failure, potential failure, potential unwillingness, reasonably foreseeable or known incapacity of the bankers to deliver on their promise of performance?

And finally, have the bankers gained any advantage (“interest”, “yield”, “return”) from the borrowers through the use of false, misleading, or deceptive statements or representations?

May God grant the reader wisdom, and a sound conscience, to carefully and prayerfully judge the matter for themselves.

********

Regina: This isn’t your pixie dust is it.
Green: Well when you think about it does anyone really own pixie dust?
Regina: The fairies are quite proprietary about it. If they found out you stole it they would…
Green: Don’t worry about me. This is about you.

Once Upon A Time

********

DISCLAIMER: This essay is the opinion of the author. Nothing stated or implied in this essay should be construed to be legal or professional advice. For questions concerning your specific situation, please consult a qualified legal advisor.

********

[1] Upton Sinclair, Wikiquotes, https://en.wikiquote.org/wiki/Upton_Sinclair , 8 May 2016
[2] Mariner S. Eccles, Chairman of the Federal Reserve, testimony to the House Committee on Banking and Currency, September 30, 1941, cited by G. Edward Griffin, The Creature From Jekyll Island (Third Edition, 1998), p. 188.
[3] Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, foreword to Irving Fisher 100% Money (New York: Adelphi, 1936) p. xxii, cited by G. Edward Griffin, The Creature From Jekyll Island (Third Edition, 1998), p. 188.
[4] David Graeber, What We Owe to Each Other, interview in Boston Review, February 15, 2012
[5] Michael Hudson, In Debt We Trust: America Before the Bubble Bursts, Media Education Foundation transcript (pdf), 2006
[6] Plato, Laws, Book V; Plato in Twelve Volumes, Vols. 10 & 11 translated by R.G. Bury. Cambridge, MA, Harvard University Press; London, William Heinemann Ltd. 1967 & 1968.
[7] Black’s Law Dictionary, Wikipedia, https://en.wikipedia.org/wiki/Black’s_Law_Dictionary, 4 May 2016
[8] What is Money?, Law Dictionary, http://thelawdictionary.org/money/, 4 May 2016
[9] Mohamed E. Bayou, Alan Reinstein, Paul F. Williams, To tell the truth: A discussion of issues concerning truth and ethics in accounting, Accounting, Organizations and Society, Volume 36 (2011), 109-124
[10] ibid.
[11] ibid.
[12] ibid.
[13] ibid.
[14] ibid.
[15] ibid.
[16] Norman B. Macintosh, Teri Shearer, Daniel B. Thornton, Michael Welker, Accounting as simulacrum and hyperreality: perspectives on income and capital; Accounting, Organizations and Society, Volume 25, Issue 1 (2000), 13-50
[17] ibid.
[18] Richard Mattessich, Accounting representation and the onion model of reality: a comparison with Baudrillard’s orders of simulacra and his hyperreality; Accounting, Organizations and Society 28 (2003) 443–470
[19] Positive Money, How Banks Create Money, http://positivemoney.org/how-money-works/how-banks-create-money/, 4 May, 2016
[20] Michael Schemmann (IICPA), Accounting Perversion in Bank Financial Statements — Demand Deposits Do NOT comply with IFRS (GAAP), 1 May 2013
[21] Richard Mattessich, Accounting representation and the onion model of reality: a comparison with Baudrillard’s orders of simulacra and his hyperreality; Accounting, Organizations and Society 28 (2003) p. 450-451, n. 12
[22] Mohamed E. Bayou, Alan Reinstein, Paul F. Williams, To tell the truth: A discussion of issues concerning truth and ethics in accounting, Accounting, Organizations and Society, Volume 36 (2011), 109-124
[23] ibid.
[24] ibid.
[25] ibid.
[26] Mervyn King, The End of Alchemy, quoted in Bloomberg, The Book That Will Save Banking From Itself, 5 May 2016.
[27] Semantics, Wikipedia, https://en.wikipedia.org/wiki/Semantics, 8 May 2016

Standard
Time

The Money $hot: Even Banking Is All About Sex

 

On Double-Entry Bookkeeping, Money Creation, Sexual Alchemy, and the Magickal Inversion of Values

 

“In vulgar opinion, transmutations and metamorphoses have always been the very essence of magic. Now, the crowd, being the echo of opinion, which is queen of the world, is never perfectly right nor entirely wrong. Magic really changes the nature of things, or, rather, modifies their appearances at pleasure, according to the strength of the operator’s will … Speech creates its form, and when a person, held infallible, confers a name upon a given thing, he really transforms that thing into the substance signified by the name. The masterpiece of speech and of faith, in this order, is the real transmutation of a substance without change in its appearances.”1

– Eliphas Lévi, Transcendental Magic, 1896

 

“In case you thought banks lend moneythey take deposits and lend moneyyou’re wrong. Legally, they do not take deposits, they borrow from the public. The expressions in banking are designed to mislead what’s really happening. What does a bank do? Banks purchase securities .. and they don’t pay up.”

– Professor Richard Werner, Address to the Russian Academy of Sciences, 12 Feb 2015

 

It is often said that “the devil is in the detail”. We commonly understand this to mean that hidden somewhere there is a catch or mysterious element. It serves as a warning to pay close attention in order to avoid error… or entrapment.

When we consider the grand mystical numberland of banking and finance today, with its infinitely labyrinthine mountains of multi-layered financial derivatives—allegedly ‘monetary’ instruments bearing incomprehensible acronyms, innumerable interconnections, and indecipherable obligations—one might be forgiven for believing that the devil and his minions really does now rule the world.

So it is both interesting and ironic that this idiom is itself a derivativeand an inversionof an earlier saying.

“Le bon Dieu est dans le détail” (“the good God is in the detail”)2 means that attention paid to small things has big rewards. It serves as an encouragement to be conscientious in one’s work; that whatever one does, it should be done thoroughly, with an eye to how “the good God” will judge it.

There is one small detail that has been troubling me ever since publishing my June 2015 essay, On Principal And Interest, Hermetic Magick, And The Lords Of Time.

There, we traced the history of el modo vinegia (“the Venetian method”) of double-entry bookkeeping, and unveiled the abundant evidence for its true purpose.

Contrary to popular belief, it was not developed as a dry, moral values-free, coolly rational mathematical tool of accounting and practical commerce. It was, rather, a Hermetic-Kabbalist ‘magick’ method for a very different kind of calculationthe deliberate, willful concealment of the immoral (and at the time, illegal) practice of lending money for gain (usury).

We also demonstrated that the method, both of double-entry bookkeeping, and of bank ‘money’ (credit) creation ex nihilo (“out of nothing”), is precisely represented by the Hermetic-Kabbalist alchemical symbol of the hexagram:

LOAN-STAR-CC_DE

 

However, in one small detail, the above diagram has never appeared to me to be perfectly consistent with 19th century French occult magus Eliphas Lévi’s “Double Triangle of Solomon”, as referenced in my essay:

Seal of Solomon, front page of Eliphas Lévi's 'Transcendental Magic, its Doctrine and Ritual' (Source: Wikipedia)

Seal of Solomon, front page of Eliphas Lévi’s ‘Transcendental Magic, its Doctrine and Ritual’ (Source: Wikipedia)

 

Lévi tells us that “(t)he notion of the infinite and the absolute is expressed by this sign … the most simple and complete abridgment of the science of all things”3:

The Double Triangle of Solomon, represented by the two Ancients of the Kabbalah; the Macroprosopus and the Microprosopus; the God of Light and the God of Reflections; mercy and vengeance; the white Jehovah and the black Jehovah.4

 

Specifically, the detail that has long troubled me is the two little symbols (and their inverses) in Lévi’s sign, representing inter alia the Hermetic-Kabbalist alchemical axiom, “As above, so below”5:

“That which is above equals that which is below,” says Hermes.6

Screen shot 2015-04-12 at 6.39.30 PM copy 2

 

Comparing with my diagram, the apparent inconsistency is clear:

LOAN-STAR-CC_DE - highlight

 

As you can see, that which is Above does not appear to be the same as that which is Below – that is to say, in the very particular sense of there not appearing to be two different pairs of opposing (inverse) identities on the Left hand side versus the Right hand side, as depicted in Lévi’s “Great Seal”.

Note carefully that the word values (meanings) do not appear to match – even though their numerical values do, as indeed they must (remember the fundamental rule of double-entry bookkeeping – “For every credit there must be a matching debit”):

LOAN-STAR-1s-CC_DE

 

The apparent inconsistency is easily resolved, however, by a closer consideration of Lévi’s magnum opus, with particular attention to the importance of languageand especially of speechin ritual magick (italicised and bold emphasis added):

Grammar itself attributes three persons to the verb. The first is that which speaks, the second that which is spoken to, and the third the object. .. The magical dogma is also one in three and three in one. That which is above is like or equal to that which is below. Thus, two things which resemble one another and the word which signifies their resemblance make three.7

 

What is the word that signifies the “resemblance” of the symbols and their inverses?

What is the word that defines not the form but the substance of the so-called ‘Asset’ and ‘Liability’words that appear to be contradictoryas employed in the process of bank ‘money’ creation?

Interestingly, the correct word is itself a triadic word; one in three and three in one.

Promise-to-Pay.

Or, to use the correct legal term employed by the ‘money’ creators, a Promissory Note (ie, promise-ory). In layman’s terms, an I-Owe-You (“IOU”).

If you have read my earlier essay, you will recall that we went through the double entry process step by step, demonstrating that it is precisely represented by the Double Triangle of Solomon.

Let us review that process symbolically once again, but this time, with a more precise, and complete word definition included. That is to say, we will now include the triadic word (“IOU”) that signifies the unity of the “two things which resemble one another”the two apparent oppositesthat are being created. We will also include the word that signifies the identity of the person issuing the IOU.

When you go to the bank to borrow money, the first critical step is the forming of an agreement – the loan contract:

The contract says, in essence, that the bank promises-to-pay (IOU) a number of Dollars, Euros, or Pounds (the “principal” of the loan), in exchange for your promise-to-pay (IOU) the bank the same (“principal”) number of Dollars, Euros or Pounds back again …

… plus “interest” (usury):

From your perspective as the borrower, on the one (right) hand your IOU to the bank is your Liability – you are going to have to discharge that liability, by paying the bank in future. On the other (left) hand, the bank’s IOU to you is your Asset – when the bank discharges its liability to you, you will have ‘money’ to spend:

Borrower-transformation-IOU

 

Likewise, from the bank’s perspective, their IOU to you is their Liability, and your IOU to them is their Asset:

Lender-transformation-IOU

 

When the loan contracta binding legal documentis signed by both parties, the Sacred Marriage or Divine Union between the male (phallic △) principle (the Lender), and the female (vulva ▽) principle (the Borrower) is ready to be consummated.8

LOAN-STAR-transformation-IOUs - $

 

It behooves one to draw attention to the obvious anthropomorphic metaphor here: the Borrower is about to get ****** by the Lender.

As we can now see, by carefully defining what is the true substance, and not just the magickal form of words used, the Above does indeed match the Below. The legal substance (an IOU) and its numerical value (the principal amount) is identical, as is the identity (person) who “owes” on either side. Only the word form (and thus, the word value, or meaning) is transformed, by inversion:

LOAN-STAR-transformation-IOUs - $-As Above

 

Now, consider carefully that it is the Lender (male △ identity) IOU that appears in its inverse reflections “As above, so Below” on the Left hand side, while the Borrower (female ▽ identity) IOU appears on the Right hand side.

Eliphas Lévi informs us that (bold and italicised emphasis added):

The primeval sages, when seeking the First of Causes, beheld good and evil in the world; they considered the shadow and the light; they compared winter with spring, age with youth, life with death, and their conclusion was this: The First Cause is beneficent and severe; it gives and takes away life. Then are there two contrary principles, the one good and the other evil, exclaimed the disciples of Manes. No, the two principles of universal equilibrium are not contrary, although contrasted in appearance, for a singular wisdom opposes one to another. Good is on the right, evil on the left, but the supreme excellence is above both, applying evil to the victory of good and good to the amendment of evil.9

 

It is apparent then, that the Hermetic-Kabbalist creators of the Venetian method of double-entry bookkeeping have also inverted the traditional correspondence of Good with the Right hand side, and Evil with the Left hand side. In double entry, the rule of law (pun meaningfully intended) is reversed – Assets (“in the black“) are shown on the Left, and Liabilities (“in the red“) on the Right:

If the stunned exclamation “Holy ****!” leapt to your lips in the watching of that video, then you might well be forgiven.

Why so?

Because you are more near to right than you know.

This formalised inversion of values can be traced back to the ancient Semitic empires of Mesopotamia, and the cult worship of Inanna-Ishtar, goddess of Love and War, the “Queen of Heaven” (all parentheses in original; bold and italicised emphasis added):

Central to the goddess as paradox is her well-attested psychological and more rarely evidenced physiological androgyny. Inanna-Ishtar is both female and male. Over and over again the texts juxtapose the masculine and feminine traits and behavior of the goddess.10

Her androgyny (also) manifests itself ritually in the transvestism of her cultic personnel. The awesome power of the goddess shows itself in the shattering of the human boundary between the sexes: “She (Ishtar) [changes] the right side (male) into the left side (female), she [changes] the left side into the right side, she [turns] a man into a woman, she [turns] a woman into a man, she ador[ns] a man as a woman, she ador[ns] a woman as a man.”11

Sjöberg… discusses the meaning of the transformation implied here. In his opinion, the passage does not suggest “a changing of the sexes when referring to the Inanna-Ishtar cult. The passages refer only to the changing roles of women and men in the cult ceremonies.” … Note the association in Mesopotamia, as elsewhere, of the left side with the female and the right side with the male. On the “pure right” hand and the “impure left” hand, see M. Civil, “Enlil and Ninlil: The Marriage of Sud”…12

Inanna-Ishtar combines male aggressiveness with the force of superabundance of female sexuality. She encompasses the two forms of potential disorder and violencesex and war.13

The most vivid expressions of the goddess’s innate contradictions appear in the following passage:

To run, to escape, to quiet and to pacify are yours, Inanna….
To destroy, to build up, to tear up and to settle are yours, Inanna….
To turn a man into a woman and a woman into a man are yours, Inanna….
Business, great winning, financial loss, deficit are yours, Inanna….
Neglect, careful preparation, to raise the head and to subdue are yours, Inanna….
Slander, untruthful words, to speak inimical (words) (and) to add hostile words are yours, Inanna….
To initiate a quarrel, to joke, to cause smiling, to be base and to be important are yours, Inanna.14

Inanna-Ishtar’s cultic celebrations and cultic personnel above all reflect her anomalousness and liminality. She is, one might say, externalized into unordered, carnivalesque celebration that demonstrates a reaching beyond the normal order of things and the breakdown of norms. The goddess’s festivals are institutionalized license. They celebrate and tolerate disorder. They are occasions when social rules are in abeyance and deviance from norms is articulated. Through symbolic inversion they attack the basic categorical differences between male and female, human and animal, young and old.15

The chief participants and actors in the goddess’s cult are well known by name … Their transvestism simulated the androgyny of Inanna-Ishtar. It was perhaps the inversion of the male/female binary opposition that thereby neutralized this opposition. By emulating their goddess who was both female and male, they shattered the boundary between the sexes. … The cultic personnel of the goddess in their costumes, words, and acts had but one goal: “to delight Ishtar’s heart, give themselves up to (otherwise) for[bidden] actions.”16

Inanna_Ishtar-vase

The male prostitutes comb their hair before her….
They decorate the napes of their necks with colored bands….
They gird themselves with the sword belt, the “arm of battle”….
Their right side they decorate with women’s clothing….
Their left side they cover with men’s clothing….
With jump ropes and colored cords they compete before her….

The one who covers the sword with blood, he sprinkles blood….
He pours out blood on the dais of the throne room.16a

Returning then to our account of the monetary Sacred Marriage or Divine Union that is about to be consummated—that is, now that the all-important legal document (the loan contract) has been signedwe are about to discover that another inversion of (word) values is about to take place. This one, far more crucial. And entirely one-sided.

For clarity, and confirmation, we turn to the ground-breaking empirical research of Professor Richard Werner, the Chair in International Banking at Southampton University UK, author of the best-selling book Princes of the Yen, and the must-see documentary of the same name.

From the video lecture at top this essay:

If you go to the bank and you borrow money you sign a loan contractvery crucial. Your signature creates the money supply. Because the banklegallywill consider the loan contract a Promissory Note, and that’s what it’s considered legally, a Promissory Noteand the bank purchases this contract. That’s what they do; they purchase the loan contract. Now, they owe you money. You say ‘I don’t care about the mechanics, give me the money’. The banker will say, ‘We’ll put it in your account. You’ll find it in your bank account’. Well, what is a bank account? It is not a deposit. What is it? It is a record of the bank’s debt to the public; it is a record of the bank’s debt to the new borrower, and they’ll show you the record of how much money they owe you. That’s it. They don’t pay up.17

 

In other words, the Lenderthe male (phallic △) principledoes not discharge his Sacred Marital (legal) obligation to the Borrower, the female (vulva ▽) principle.

‘Our’ monetary system is really an Un-holy ****”.

It is an anthropomorphic metaphor for the ancient alchemical practice of coitus reservatusan andocentric, misogynist, predatory ritual magick system for the acquisition, manipulation, transformation, and domination of the female power18 principle of fertility or fecundity (i.e., the power to create abundant new life)applied to the realm of ‘money’ creation. The Lender chooses not to discharge his ‘essence’ (substance) or ‘seed’ (the “principal”) that he is obligated to give her, in exchange for her promise to repay him with her “firstborn” (monetary) “child”; the “first fruits” of her “labour”.

Bernard Lietaer and Rivkah Harris (respectively) explain:

Essentially, to pay back interest on a loan requires using someone else’s principal.  In other words, not creating the money to pay interest is the device used to generate the scarcity necessary for a bank-debt monetary system to function.  It forces people to compete with each other for money that was never created19

Play (mēlulu) is an integral part of Inanna-Ishtar’s personality… her playground was the battleground: “Goddess of fights, let the battle proceed like the play of puppets.” .. “Ishtar, whose play is fighting.”20

 

Now that the Borrower has naïvely signed up for her legal obligation to him, the Lender engages in a willful act of deception; he inverts the meaning of the words used to define his own legal obligation to her.

If you will forgive a little wordplay, well might ‘our’ monetary system be called “Malice in Numberland”.

Professor Werner has demonstrated how this is done in his superb research paper, How do banks create money, and why can other firms not do the same? An explanation for the coexistence of lending and deposit-taking.

For our purposes here I have taken the liberty of excerpting from the Conclusion of the professor’s paper, and inserting the relevant tables (my bold and italicised emphasis added):

The act of signing the loan contract and purchasing it as a promissory note of the borrower without yet making the borrowed funds available to the borrower (Step 1) has the same accounting implications for banks, non-banks and non-financial corporations alike. In all cases, the balance sheets lengthen, as an asset (the loan contract) is acquired and a liability to make money available to the borrower is incurred (accounts payable).21

Screen Shot 2016-04-09 at 5.24.35 PM

In Step 2, the lender makes the funds available to the borrower. The fact that in Step 2 the bank is alone among firms in showing the same total impact on assets and liabilities as everyone else at Step 1, when the money had not yet been made available to the borrower, demonstrates that the bank did not actually make any money available to the borrower. This means that the bank still has an open ‘accounts payable’ liability, as it has not in fact discharged its original liability. What banks do is to simply reclassify their accounts payable items arising from the act of lending as ‘customer deposits’, and the general public, when receiving payment in the form of a transfer of bank deposits, believes that a form of money had been paid into the bank. As a result, the public readily accepts such ‘bank deposits’ and their ‘transfers’ to defray payments. They are also the main component of the official ‘money supply’ as announced by central banks (M1, M2, M3, M4), which is created almost entirely through this act of re-classifying banks’ accounts payable as fictitious ‘customer deposits’.22

Screen Shot 2016-04-09 at 5.24.57 PM

This one-sided inversion of (word) values appears like this when depicted in its Hermetic-Kabbalist symbolic form:

LOAN-STAR-transformation-IOUs - $- Acct Payable copy

 

As you can see, the ‘money’-Lender sex magiciansfor all practical intents and purposestransform their own Liability (“AC Payable”) into a fictitious “Client Deposit” (that is, as seen by the Borrower), through the power of authoritative opinion, repeated ad infinitum.

It is worth recalling Eliphas Lévi here (bold and italicised emphasis added):

In vulgar opinion, transmutations and metamorphoses have always been the very essence of magic. Now, the crowd, being the echo of opinion, which is queen of the world, is never perfectly right nor entirely wrong. Magic really changes the nature of things, or, rather, modifies their appearances at pleasure, according to the strength of the operator’s will … Speech creates its form, and when a person, held infallible, confers a name upon a given thing, he really transforms that thing into the substance signified by the name. The masterpiece of speech and of faith, in this order, is the real transmutation of a substance without change in its appearances.

 

This magick power of speech to create form, and to (apparently) transform the substance of a thing simply by conferring a (different) name on it, is only the more pertinent in light of the recent release of the Panama Papers, allegedly containing evidence of tax avoidance (both legal, and illegal) practiced by wealthy individuals and public officials, through their lawyers and accountants, via offshore company entities.

How so?

In yet another inversion of word values (meaning), there is a formal accounting principle called “Substance over form” that enables precisely the kinds of legal obfuscation adopted by these individuals in moving their wealth offshore … and that banks perform in the magickal transformation of their “accounts payable” obligations (bold and italicised emphasis added):

Substance over form is an accounting principle which recognizes that business transactions should be accounted in accordance with their (economic) substance instead of their (legal) form. Economic substance refers to the underlying economic or commercial purpose of a business transaction apart from its legal or tax considerations. Legal form refers to interpretation of a business transaction in accordance with the applicable business laws.

While accounting for business transactions and other events, substance over form principle requires accountants to measure and present the economic impact of an event instead of its legal form. …

Substance over form principle is recognized by all major financial reporting frameworks, namely the International Financial Reporting Standards (IFRS) and US GAAP, etc. External auditors are required to attest that companies recognize all business transactions in compliance with the substance over form concept.23

 

In accounting then, the legal definition of a transaction is not considered its substance; it is now only its form, is open to interpretation, and, most importantly, is to be considered only apart from and secondary to the (claimed) “purpose”. The ‘substance’ will now be whatever the accountant (or banker) claims the purpose of the transaction to be.

Since the economic purpose of a bank’s “accounts payable” item is to provide the customer with ‘money’, then according to this barefaced inversion of logic, reason, and morality, it is standard accounting practice for the bank to re-enter (transform) and record its “accounts payable” item as a “customer deposit”, even though the true substance of that item remains, both legally, and from the bank’s own perspective, a Liability (IOU) of the bank!

LOAN-STAR-transformation-IOUs - $- Acct Payable copy
 

As we saw in my previous essay, the Venetian method of double-entry bookkeeping was developed as a tool for the deliberate concealment of illegal (and immoral) practices. So perhaps the “substance over form” example of Generally Accepted Accounting Principles (GAAP) should come as no great surprise.

It is important not to lose sight of the fact that it is not only through the speech of an authority “held infallible” that such a transformation becomes ‘real’ – it is also through the ceaseless repetition of those magick words over generations.

Eliphas Lévi explains (italicised emphasis added):

Had Apollonius [of Tyana] offered a cup of wine to his disciples, and said to them: “This is my blood, of which ye shall drink henceforth to perpetuate my life within you;” and had his disciples through centuries believed that they continued the transformation by repeating the same words; had they taken the wine, despite its odour and taste, for the real, human, and living blood of Apollonius, we should have to acknowledge this master in theurgy as the most accomplished of enchanters and most potent of all the magi. It would remain for us then to adore him.24

M. de Montalembert seriously relates, in his legend of St Elizabeth of Hungary, how one day this saintly lady, surprised by her noble husband, from whom she sought to conceal her good works, in the act of carrying bread to the poor in her apron, told him that she was carrying roses, and it proved on investigation that she had spoken truly; the loaves had been changed into roses. This story is a most gracious magical apologue, and signifies that the truly wise man cannot lie, that the word of wisdom determines the form of things, or even their substance independently of their forms. Why, for example, should not the noble spouse of St Elizabeth, a good and firm Christian like herself, and believing implicitly in the real presence of the Saviour in true human body upon an altar where he beheld only a wheaten host, why should he not believe in the real presence of roses in his wife’s apron under the appearances of bread? She exhibited him loaves undoubtedly, but as she had said that they were roses, and as he believed her incapable of the smallest falsehood, he saw and wished to see roses only. This is the secret of the miracle.25

 

Let us indulge ourselves in a small act of transformation of our own, replacing the forms and identities in the words of Lévi’s tale with those of our present subject:

Why, for example, should not the noble client of St Goldman, a good and firm Christian like himself … why should she not believe in the real presence of money in her bank account under the appearances of a promissory record? He exhibited her a record of the promise undoubtedly, but as he had said that it was money, and as she believed him incapable of the smallest falsehood, she saw and wished to see money only. This is the secret of the miracle.

 

What all this means of course, is that for several hundreds of years (yes, literally), we have all like sheep been led astray.

That is to say, we have been led to believe a lie.

All of the ‘money’ that we believe ourselves to own, and that we circulate daily among ourselves in payment for goods, services, and investments, is neither ‘money’ in true substance, nor are we the owners of it.

The reality of the system is this. Bankers create IOUs out of nothing. These digital tokens represent our IOU to the bank. Then—by a clever accounting trick—they let us borrow their IOUs as ‘money’.

Begging the question – why don’t we all do the same thing, and just lend to ourselves?*

It also begs the question of how it is that the ‘money’ magicians have been able to perpetuate this colossal deception for so long, without being discovered and called to account.

Eliphas Lévi explains:

To become invisible one of three things is necessary—the interposition of some opaque medium between the light and our body, or between our body and the eyes of the spectators, or the fascination of the eyes of the spectators in such a manner that they cannot make use of their sight. Of these methods, the third only is magical. Have we not all of us observed that under the government of a strong preoccupation we look without seeing and hurt ourselves against objects in front of us?26

The secret of invisibility, therefore, wholly consists in a power which is capable of definition—that of distracting or paralysing attention, so that the light reaches the visual organ without impressing the eye of the soul. To exercise this power we must possess a will accustomed to sudden and energetic actions, great presence of mind, and skill no less great in causing diversions among the crowd. Let a man, for example, who is being pursued by his intending murderers, dart into a side street, return immediately, and advance with perfect calmness towards his pursuers, or let him mix with them and seem to be engaged in the chase, and he will certainly make himself invisible. A priest who was being hunted in ’93, with the intention of hanging him from a lamp-post, fled down a side street, assumed a stooping gait, and leaned against a corner, with an intensely preoccupied expression; the crowd of his enemies swept past; not one saw him, or, rather, it never struck anyone to recognise him; it was so unlikely to be he!27

 

There are a variety of words and phrases that come to mind as being apropos to describe this phenomenon.

But perhaps the most apropos word of all would be this.

Chutzpah.

 

* You may be interested to discover an alternate currency ecosystem concept of my own design, that can enable everyone to do this – to be their own central banker. Visit deror.org

*****

ADDENDUM:

I am presently writing a book on the thesis outlined in this, and my earlier essay. As we have seen, the core concepts are traceable right back to the ancient Semitic cult worship of Inanna-Ishtar, the “Queen of Heaven”. Of particular interest is the evidences for widespread regional use of magickal talismans and erotic plaques placed at thresholds (eg, doorways, windows) to sexually attract and “bind” prosperity demons:

Source: Sex, Magic, and the Liminal Body in the Erotic Art and Texts of the Old Babylonian Period, Assante. J, (2002)

Source: Sex, Magic, and the Liminal Body in the Erotic Art and Texts of the Old Babylonian Period, Assante. J, (2002)

 

Source: Sex, Magic, and the Liminal Body in the Erotic Art and Texts of the Old Babylonian Period, Assante. J, (2002)

Source: Sex, Magic, and the Liminal Body in the Erotic Art and Texts of the Old Babylonian Period, Assante. J, (2002)

 

If you would be interested in receiving notification upon the book’s completion and publication, please feel free to drop me a line using the contact form at deror.org

 

UPDATE 21/4/2016

Added quotation (footnote 16a) plus video clip “The male prostitutes..decorate the napes of their necks with colored bands”

 

****

[1] Eliphas Lévi, Transcendental Magic, Its Doctrine and Ritual (1896), p. 282

[2] John Bartlett, Bartlett’s Familiar Quotations: A Collection of Passages, Phrases, and Proverbs Traced to Their Sources in Ancient and Modern Literature, 17th ed. (2002)

[3] Eliphas Lévi, Transcendental Magic, Its Doctrine and Ritual (1896), p. 44

[4] ibid, p. xxi

[5] “That which is above is from that which is below, and that which is below is from that which is above, working the miracles of one” – Hermes Trismegistus, The Emerald Tablet, translation by Jabir ibn Hayyan, (Holmyard 1923: 562.)

[6] Eliphas Lévi, Transcendental Magic, Its Doctrine and Ritual (1896), p. 38

[7] ibid, p. 44

[8] Julia Assante, Sex, Magic, and the Liminal Body in the Erotic Art and Texts of the Old Babylonian Period (2002)

[9] Eliphas Lévi, Transcendental Magic, Its Doctrine and Ritual (1896), p. 46

[10] Rivkah Harris, Inanna-Ishtar as Paradox and the Coincidence of Opposites, History of Religions, Vol. 30, No. 3 (Feb., 1991), p. 268

[11] ibid., p. 270

[12] ibid., p. 270 n. 48

[13] ibid., p. 270

[14] ibid., p. 265

[15] ibid., p. 273

[16] ibid., p. 276-277

[16a] ibid., p. 276, cf. n. 83 – DD. Reisman, “Iddin-Dagan’s Sacred Marriage Hymn,” Journal of Cuneiform Studies 25 (1973): 187:45-64

[17] Victor and Victoria Trimondi, The Shadow of the Dalai Lama: Sexuality, Magic and Politics in Tibetan Buddhism (2003)

[18] Richard A. Werner, “To a new understanding of the function of the banking sector: the mechanism of productive credit creation and quantitative easing”, presentation to the Russian Academy of Sciences, round table “Anti-crisis fiscal policy of the state in the interests of economic development of Russia” (2015)

[19] Bernard Lietaer and Jacquie Dunne, Rethinking Money, (2013), p. 39

[20] Rivkah Harris, Inanna-Ishtar as Paradox and the Coincidence of Opposites, History of Religions, Vol. 30, No. 3 (Feb., 1991), p. 274

[21] Richard A. Werner, How do banks create money, and why can other firms not do the same? An explanation for the coexistence of lending and deposit-taking (2014)

[22] ibid.

[23] AccountingExplained.com, Substance Over Form (11 April, 2016, 8:39pm AEST)

[24] Eliphas Lévi, Transcendental Magic, Its Doctrine and Ritual (1896), p. 282

[25] ibid, pp. 286-287

[26] ibid, p. 284

[27] ibid, pp. 285-286

Standard
Time

On Principal And Interest, Hermetic Magick, And The Lords of Time

 

“I would like to continue with an examination of Time. From the moment we enter this life we are in the flow of it. We measure it and we mark it. But we cannot defy it. We cannot even speed it up or, slow it down. Or can we?”

– Eisenheim, The Illusionist

Time. The Fourth Dimension. The Universal Agent.

Imagine having the power to control Time.  To manipulate Time.  To become its master.  Instead of feeling like a slave to Time, imagine what you might do, if you had the power to make Time work for you?

Men have always dreamed of possessing this power.  In 15th century Italy, the discovery of mysterious ancient documents in Byzantium finally made it possible.

Today, we often speak of the value of “our time”.  We speak of “spending time”, and “buying time”.  But in truth, it is not “our” time at all.

Throughout the world, our Time is controlled, manipulated and directed, by ‘Masters of the Universe’.  Men who are adepts in these ancient secrets, and have the power to make “our” Time work for them.

They are the bookkeepers.  The men who keep score.  And just as it is said of the game of golf that “a good scorer can always beat a good player”, so it is with the mystical, magical art of double-entry bookkeeping.

 

“For every debit there must be a credit, and for every credit there must be a debit” – Alas!  How few consider that if this must be the case, the rule to go by, nothing is more easy than to make a set of books wear the appearance of correctness, which at the same time is full of errors, or of false entries, made on purpose to deceive!1

 

When the “Father of the Renaissance”, a humanist scholar, priest, and astrologer by the name of Marsilio Ficino translated the Corpus Hermeticum from Greek into Latin, he could not have known that his labour would, in time, condemn most of humanity to slave labour for the Lords of Time.

Bust of Ficino by Andrea Ferrucci in Florence Cathedral (Source: Wikipedia)

Bust of Ficino by Andrea Ferrucci in Florence Cathedral (Source: Wikipedia)

Ficino’s lifelong patron was Cosimo de Medici, scion of the famous Italian merchant banking dynasty, and ruler of the Florentine Republic.  His circle of friends included the greatest philosophers, mathematicians, and elite movers-and-shakers in the Western world.  They now had in their hands the ancient secrets of Hermes Trismegistus, the “Thrice-Greatest”.

Hermes Trismegistus, floor mosaic in the Cathedral of Siena (Source: Wikipedia)

Hermes Trismegistus, floor mosaic in the Cathedral of Siena (Source: Wikipedia)

Starting at the Medici-sponsored Platonic Academy headed by Ficino, the rediscovered Hermetic secret knowledge would light the imaginative fires of the principal scholars, philosophers, and financiers of the Renaissance — also known as the “Hermetic Reformation”2.  It would influence the mind of a monk, magician, mathematician, the Father of Accounting and the man who wrote the seminal book on double-entry bookkeeping, Fra Luca Bartolomeo de Pacioli, the “constant companion of Leonardo da Vinci”3. And in a grand syncretism with Neo-Platonism and Jewish Kabbalah, conjured up and expounded by fellow Renaissance men such as Pico della Mirandola (900 Theses), Johannes Reuchlin (De Arte Cabbalistica), and Heinrich Cornelius Agrippa (De Occulta Philosophia Libri Tres), it would spread throughout the western world, deeply embedded in commerce and banking, the arts and sciences, social philosophy, ethics and morality.  It would change the course of human history (bold and italicised emphasis added):

Our modern urge to measure everything dates back to the late Middle Ages when a “radical change of perception” took place in which mathematics, Venetian bookkeeping, and Luca Pacioli played a key role.  Historian Alfred W. Crosby explains this “radical change”:

‘In practical terms the new approach was simply this: reduce what you are trying to think about to the minimum required by its definition; visualise it on paper, or at least in your mind … and divide it, either in fact or in imagination, into equal quanta.  Then you can measure it, that is, count the quanta.’

And once you can measure something, then you have a quantitative or numerical representation of your subject which you can manipulate and experiment with, no matter how great its errors or omissions.  Such data can acquire an apparent independence from its human creators and, when fed into a twenty-first century computer model, an authority that appears irrefutable.4

Portrait of Luca Pacioli, traditionally attributed to Jacopo de' Barbari, 1495 (Source: Wikipedia)

Portrait of Luca Pacioli, traditionally attributed to Jacopo de’ Barbari, 1495 (Source: Wikipedia)

Now, it is well worth our time to pause for a moment in our journey through past time, to consider the identity of Hermes Trismegistus.  Today, he is considered to be a syncretism of the Greek god Hermes, and the Egyptian god Thoth.  The Greeks considered Hermes to be the god of boundaries and transitions – in particular, the transition to the after-life.  He was also the god of commerce, travel, the patron of thieves and orators, and a cunning trickster who outwits other gods for his own satisfaction.  The Greeks equated him with the Egyptian god Thoth, who shared similar attributes.  Thoth was seen by the Egyptians as the god who maintained the universe, the mediator in disputes between good and evil.  He was the god of equilibrium, who unified or balanced the opposites.  Importantly, in both of their respective cultures, Hermes and Thoth were the gods of writing, and magic.

The more astute reader, and in particular, the reader who has a grasp of the Duality Principle of double-entry bookkeeping — “for every credit there must be an equal debit” — may already be seeing a little light dawning in a corner of their mind.

Ficino and his influential friends at the Medicean court were to discover in the Corpus Hermeticum and in Kabbalah Ma’asit (“practical Kabbalah”) the secrets to controlling Time, the Universal Agent.  At the heart of Hermetic teachings was the idea that man could influence or even control the forces of nature.  To do so, one needed to master the “Three Parts of the Wisdom of the Whole Universe”.  One of these parts, along with Astrology and Theurgy, was the magical art of Alchemy. Similarly, at the heart of Kabbalistic theurgy was the idea that man could magically invoke the creative or Life force — using esoteric knowledge of divine language and writing — for personal advantage in this world.

As with double-entry bookkeeping — and similarly, the dark art of keeping two sets of books — the magic of Alchemy involves a dual aspect or dual nature.  In its esoteric (inner) doctrine, it is the work of spiritual purification; a transformation of common impure man, into pure and perfect Man.  In its exoteric (outer) doctrine, it is the notion that man can transform common “impure” metals into pure gold, through the discovery and mastery of the “Universal Solvent”.

The magic of Hermeticism, with its emphasis on practical experimentation to discover and control the forces of nature, would have a powerful effect on the greatest scientific minds (such as Isaac Newton) for centuries to come.  At the same time, its intrinsic get-rich-quick appeal would pose a constant attraction for over-indebted kings and princes — and for too-big-to-fail international bankers such as the Medici, whose compound interest-bearing loans the princes of Europe could not repay without borrowing even more.

The Emerald Tablet, a key text of Western Alchemy, in a 17th-century edition (Source: Wikipedia)

The Emerald Tablet, a key text of Western Alchemy, in a 17th-century edition (Source: Wikipedia)

Some four hundred years later, a great revival of spiritualism and the magick arts swept over Europe during the late nineteenth through early twentieth centuries.  It is from this time, in the writings of adepts such as the famous occultists Aleister Crowley and Eliphas Lévi, that we can see clearly stated the most fundamental principles of Hermetic-Kabbalistic magick.

As we will see, they are precisely the same principles that form the basic rules of double-entry bookkeeping. Hermetic-Kabbalistic magick has been carried down from the Hermetic Reformation of the 15th century to our time, deeply embedded at the very core of all economic and social life; in commerce, economic theory, the fundamentals of capitalism, and banking.

The Hermetic-Kabbalistic magick principle of double perception is embedded at the core of the money system itself.  In the very act of ex nihilo (“out of nothing”) creation of “our” money in the form of loans — using nothing more “real” than electronic double-entry bookkeeping — bankers enjoy the power of creator gods, employing “divine” magick principles in writing and language to harness the force of Time, transforming it into wealth for themselves.

“Money” created by bankers is simply the symbolic, written expression of this double perception. Each Dollar, Euro, or Pound created as a new loan magically appears (to the borrower) as both a debt (Liability) that must be repaid plus interest to the bank, and simultaneously, a credit (Asset) that the borrower can spend.

Borrower-CC_DE

At the same time, to the bank that very same Dollar, Euro, or Pound magically appears as both an Asset (money that must be repaid by the borrower), and, a Liability too, because the bank must make it available to the borrower to spend.

Lender-CC_DE

This is the embodiment of the Kabbalistic concept of achdut hashvaah (“Unity of Opposites”) — (bold emphasis added):

The coincidence of opposites that characterizes God, humanity and the world can be approximately understood by the simultaneous adoption of two points of view. As put by the founder of the Chabad movement, Schneur Zalman of Lyadi (1745-1813):

(Looking) upwards from below, as it appears to eyes of flesh, the tangible world seems to be Yesh and a thing, while spirituality, which is above, is an aspect of Ayin (nothingness). (But looking) downwards from above the world is an aspect of Ayin, and everything which is linked downwards and descends lower and lower is more and more Ayin and is considered as naught truly as nothing and null.5

LOAN-STAR-CC_DE

When viewed from this Kabbalistic “higher” logic perspective, the mathematical expression “-1 = +1” is actually true; an object and its exact opposite are seen to be one and the same thing. A single unit of “money” is both credit and debit, liability and asset; it just depends on whose perspective it is seen from. But all things balance themselves out, when viewed from the hidden “All-Seeing Eye” perspective of the divine nothingness or Ein Sof. Each number is created from the same central number (“0”); the space “0” between -1 and +1 is exactly “1” from either side, and so each cancels out the other:

When it arose within Ein-sof (the Infinite) to weave Yesh (Something) from its Ayin (Nothing), Ein-sof performed an act of Tzimtzum, contracting and concealing itself from a point, thereby forming a central, metaphysical void. It is in this void that the Primordial Man, Adam Kadmon, and all the countless Worlds (Olamot) emerge.6

LOAN-STAR-1s-CC_DE

In the cryptic, mystical language of Hermetic-Kabbalistic magick, Aleister Crowley, the man once dubbed “The Most Wicked Man In The World”, explains the fundamentals of Magick In Theory And Practice (bold emphasis added):

…the object of any magick ceremony is to unite the Macrocosm and the Microcosm.

It is as in optics; the angles of incidence and reflection are equal.  You must get your Macrocosm and Microcosm exactly balanced, vertically and horizontally, or the images will not coincide.

This equilibrium is affirmed by the magician in arranging the Temple.  Nothing must be lop-sided.  If you have anything in the North, you must put something equal and opposite to it in the South.  The importance of this is so great, and the truth of it so obvious, that no one with the most mediocre capacity for magick can tolerate any unbalanced object for a moment.  His instinct instantly revolts.

…the arrangement of the weapons of the altar must be such that they “look” balanced

…And however little he move to the right, let him balance it by an equivalent movement to the left; or if forwards, backwards; and let him correct each idea by implying the contradictory contained therein.

let him show the basis of that Stability to be constant change, just as the stability of a molecule is secured by the momentum of the swift atoms contained in it.

In this way let every idea go forth as a triangle on the base of two opposites, making an apex transcending their contradiction in a higher harmony.

It is not safe to use any thought in Magick, unless that thought has been thus equilibrated and destroyed.7

 

In his magnum opus Transcendental Magic, French occultist Eliphas Lévi explains that:

There exists in Nature a force which is immeasurably more powerful than steam, and a single man, who is able to adapt and direct it, might change thereby the face of the whole world.  This force was known to the ancients; it consists in a Universal Agent having equilibrium for its supreme law, while its direction is concerned immediately with the Great Arcanum of Transcendental Magic. … This agent… is precisely that which the adepts of the Middle Ages denominated the First Matter of the Great Work.8

Now the ancients, observing that equilibrium is the universal law in physics, and is consequent on the apparent opposition of two forces, argued from physical to metaphysical equilibrium, and maintained that in God, that is, in the First Living and Active Cause, there must be recognized two properties which are necessary to each other—stability and motion, necessity and liberty, rational order and volitional autonomy, justice and love, whence also severity and mercy.  And these two attributes were personified, so to speak, by the kabalistic Jews under the names of GEBURAH and CHESED.9

 

Lévi says that to gain control over the “Great Magical Agent”, one must learn how to use the alchemical formula of opposites, “Solve et Coagula” (SOLVE, to dissolve, to project, to move; and COAGULA, to coagulate, to concentrate, to fix):

The Great Magical Agent, by us termed the Astral Light, …this occult, unique and indubitable force, is the key of all empire, the secret of all power. … To know how to make use of this Agent is to be the trustee of God’s own power; all real, effective Magic, all occult force is there, and its demonstration is the sole end of all genuine books of science.  To have control over the Great Magical Agent there are two operations necessary — to concentrate and project, or, in other words, to fix and to move.10

 

Who can fail to see here, hidden in plain sight, the distilled essence, the Philosopher’s Stone, the whole alchemical formulation of double-entry bookkeeping?

The adept takes every single “common” transaction, and on entering it into his books, he first dissolves it (SOLVE) into a pair of opposites (debit entry and credit entry).

 

TRANSACTION-CC

 

When it comes time to determine his Profits — and in turn, his total wealth or Capital — he “coagulates” (COAGULA) all of the entries in each of two columns (DR and CR) into a single number.

 

PROFIT-LOSS-CC

 

This then, is the apex of the triangle, the “higher harmony” of the “base of two opposites”, “transcending their contradiction”.

 

Seal of Solomon, front page of Eliphas Lévi's 'Transcendental Magic, its Doctrine and Ritual' (Source: Wikipedia)

Seal of Solomon; front page of Eliphas Lévi’s ‘Transcendental Magic, its Doctrine and Ritual’ (Source: Wikipedia)

 

Eliphas Lévi tells us plainly that the purpose of the Great Work is to gain control over one’s future; that is to say, to gain control of Time itself:

The Great Work is, before all things, the creation of man by himself, that is to say, the full and entire conquest of his faculties and his future; it is especially the perfect emancipation of his will, assuring him… full power over the Universal Magical Agent.11

For the man who is greedy for gain, who sees financial wealth as the secret to a long and happy life, the possession of money is the means to attain “the full and entire conquest of his…future”.  He can transform himself from a pauper into a prince — “the creation of man by himself” — and become a “self-made man”.

How so?

Money is the means of controlling Time.  By lending his money at compound interest, the skillful adept increases his wealth, without risking his health through manual labour.  His little pile of wealth (“capital”) grows inexorably, compounding into an ever larger pile over time.  Just as in Eisenheim’s great illusion of the Orange Tree, the “seed” which was taken by dividing a single orange into two equal parts, grows at a speed which defies Time, “producing” even more golden fruit – fruit that the magician assures us is “quite real”.

This wondrous power is all thanks to the magic of what has been called “the greatest mathematical discovery of all time” and “the most powerful force in the universe” — compound interest.

But in a classic example of circular reasoning, the alchemical wizard’s “right” to charge compound interest is all thanks to a cunning rhetorical device (remember, Hermes was the god of oratory) — the so-called “Time value” of money.

 

Money, wrote [Luca Pacioli’s mentor, Leon Battista] Alberti in the 1430s, is “the root of all things”: “with money one can have a town house or a villa; and all the trades and craftsmen will toil like servants for the man who has money. He who has none goes without everything, and money is required for every purpose.” As historian Fernand Braudel argues, something new enters European consciousness in Alberti’s writing – along with his celebration of money went thriftiness and a concern with the value of time12

 

This clever sophistry of the “Time value of money” has its origin in one of the greatest moral arguments of all time; whether the charging of interest on money (usury) is right, or wrong.

For over 1,000 years the Christian West officially prohibited the practice of charging interest on money (usury).  But in the 15th century, the advocates for usury found themselves equipped with a new box of rhetorical and symbolic tricks with which to convince their audience.  The syncretism of Neo-Platonic, Kabbalistic, and Hermetic philosophies in the Renaissance (“rebirth” in French) resulted in the resurrection of ancient Greco-Roman paganism.  With it came an individualistic, “Me”-centred rather than “God”-centred worldview, with all-pervading emphasis on rationalism, and numerical calculation.  In particular, the calculation of profit (bold emphasis added):

[German economist Werner Sombart] says that by enabling a numerical, monetary (and hence, in his view, “rational”) calculation of profit, double-entry bookkeeping provided the basis on which commerce could be seen as a process of acquisition: as an unending, systematic pursuit of profit.13

Like Sombart, [Max] Weber argues that double entry is significant because it makes possible an abstract measure of income and expenses – and therefore enables the calculation of profit, the key component of capitalistic business practice.14

The economist Joseph Schumpeter (1883-1950) also traces the development of capitalism back to double-entry bookkeeping. … Schumpeter says that capitalism adds a new edge to rationality by “exalting the monetary unit – not itself a creation of capitalism – into a unit of account.  That is to say, capitalist practice turns the unit of account into a tool of rational cost-profit calculations, of which the towering monument is double-entry bookkeeping.”  In his view, double entry’s “cost-profit calculus” drives capitalist enterprise – and then spreads throughout the whole culture: “And thus defined and quantified for the economic sector, this type of logic or attitude or method then starts upon its conqueror’s career subjugating – rationalizing – man’s tools and philosophies, his medical practice, his picture of the cosmos, his outlook on life, everything in fact including his concepts of beauty and justice and his spiritual ambitions.”  For Schumpeter, capitalism “generates a formal spirit of critique where the good, the true and the beautiful no longer are honoured; only the useful remains – and that is determined solely by the critical spirit of the accountant’s cost-benefit calculation”.15

 

Double-entry bookkeeping would then, as now, serve the purpose not only of helping the merchant calculate his profits.  It would enable the merchant to “prove” that his profit-making was legitimate; that is to say, in context of the times, that he had not been practicing usury in violation of the Church’s official prohibition (bold emphasis added):

[Luca] Pacioli advises merchants to incorporate explicit signs of Christianity into their books as a way of legitimising their profit-seeking activities.  The use of double entry itself was like the Catholic confession: if a merchant confessed – or accounted for – all his worldly activities before God, then perhaps his sins would be absolved.16

This notion of ‘good’ bookkeeping was soon extended to the point that the use of double entry was seen to confer moral legitimacy on a merchant’s work.  As Pacioli had, Hugh Oldcastle encouraged merchants to use their account books as a space in which to invoke God.  He wrote in 1588: “it behoveth him [the merchant] first in all his workes and business to call to minde the name of God in all such writings, or in any other reckonings, that he shall beginne.”  The first cashbook of the Bank of England, established in 1694, opens with ‘Laus Deo‘ – ‘Praise God’.  As we saw with the merchants of Prato and with Pacioli, such appeals to God were a common feature of the earliest double-entry books and in some parts of Europe continued until the eighteenth century: through the exactitude of their earthly accounting, merchants hoped to gain divine approval in God’s heavenly accounts.17

If you are a businessman concerned with the morality of making a profit, then keeping the fullest possible set of accounts is a bit like confessing your sins.

Even if you are doing something morally suspect, at least you are making a clean breast of it.18

Indeed exactly because accountancy looks like a dry, value-free activity, it can be used as a kind of moral laundry.

When the Nazis stole the personal property of Europe’s Jews, Himmler insisted that all the looted property be meticulously accounted for.

By enforcing stringent accounting, he argued that “in carrying out this most difficult of tasks… we have suffered no harm to our inner being, our soul, our character.” Theft was transformed into book-
keeping.19

 

For an enormously successful usurer like Cosimo de Medici, who had the rare quality for a banker of suffering from a guilty conscience20, the matter of having one’s sins absolved had a profound importance.  At that time, the only way to be absolved of the mortal sin of usury, and so be assured of a transition to Heaven in the after-life (hello Hermes/Thoth), was by making full restitution of all one’s ill-gotten gains.  This meant, of course, that you could not pass on your wealth to your heirs; if you failed to make restitution before death, then in order to set you free from purgatory, your heirs would have to make restitution of all your usurious gains on your behalf:

Giovanni di Bicci de Medici, founder of the Medici Bank and Cosimo de Medici’s father … died intestate because in making out a will “he would have denounced himself as a usurer and might have caused considerable trouble for his heirs.”  This practice had become a Medici family tradition, which Cosimo, Giovanni’s son would continue.21

Cosimo de Medici, Portrait by Bronzino (Source: Wikipedia)

Cosimo de Medici, Portrait by Bronzino (Source: Wikipedia)

The popularisation of double-entry bookkeeping in the Medici’s time offered another profoundly important benefit.  It gave the merchant a way to “rationally” justify all of his “costs” — including the “costs” he perceives himself to have suffered, in extending (lending) “credit” to customers.

This would prove crucial in context of the historical argument on usury.  Then, as now, those who argued in favour of usury have claimed that a man who lends his money to another has a moral right to be compensated for a wholly imaginary expense — the “opportunity cost” of his not being able to use the money he loaned out, to earn more money in some other way.

The “logic” of this argument for charging interest rests on an arrogant presumption — that the lender is certain of earning a “return” in that “other way”, and therefore, he must certainly be suffering a “cost” of lost “opportunity” to “earn”, if he lends his money out instead.

The unstated notion here, of course, is that, one way or another, the owner of money must always receive even more money.  Gimme gimme gimme, more more moar!

It is on the foundation of this sophistry of an imaginary “opportunity cost” suffered by the money-lender — and “proven” to be real simply by writing it into his double-entry accounting books — that an even greater sophistry is built — that of the Time Value of Money.

In a 1991 paper on accounting and rhetoric, Bruce G. Carruthers and Wendy Nelson Espeland argue that the symbolic language of double-entry bookkeeping is as significant as its technical capabilities … They argue that a double-entry account is not just a piece of neutral information, but also an “account” or story; that accounting is not merely a technical practice, but also a means of framing a set of business transactions with a rhetorical purpose.22

Accounting’s use of numbers gives it an air of scientific rectitude and certitude, and yet fundamental uncertainties lurk at its heart.  Indeed, accounting is as subjective and partial as the art of storytelling, the other meaning of the word “account”.23

 

The illusion – for that is precisely what it is – that money possesses within itself an innate characteristic called “Time value”, is quite simply the greatest public deception of all time.  When the arcane teachings of Hermes Trismegistus were infused and codified in el modo vinegia (“the Venetian method”) of double-entry bookkeeping in the 15th century, the twin magic arts of writing and sophistry were woven together to form the material of the magician’s cloak, and the curtain behind which the Wizards of Oz have hidden ever since.24

 

As Jakob Burckhardt, and following him, Frederich Nietzsche, said of the Italian Renaissance, it was a time of sophistic.  The sophistic character of the Renaissance is apparent not simply from its rhetorical perspectives and practices, but in its use of the first sophists as well.25

In an essay published in 1985, the historian James Aho linked double-entry bookkeeping to the ancient art of rhetoric, the rules used to make persuasive arguments perfected by the Roman lawyer and orator Cicero (an art, incidentally, which Aristotle says sprang from a property dispute).  According to this argument, medieval merchants used double-entry bookkeeping as a rhetorical tool of capitalist propaganda, to persuade their ‘audience’ that their business was honest, morally sound and its profit-making justified.

Why would bookkeeping need to persuade?  Because, says Aho, it was used to defend these businesses against the Church’s ban on usury.  The rhetoric of a well-kept ledger argued for the honesty of a business and the legitimacy of its profits, as this advice from 1683 makes clear: “If [the merchant] be fortunate and acquire much, [double entry] directs him the way to Imploy it to the best advantage, if he be unfortunate it satisfies the world of his just dealing, and is the fairest and best Apologie of his Innocence and honesty to the World.”26

 

Today, we are born into a world where the “logic” that money possesses a Time Value seems self-evident.  The idea is so deeply embedded in our individual and collective consciousness, it has become part of our common language.  Everyone knows that “Time is Money”.

This belief that money has an intrinsic Time Value is, however, nothing more than a spectacularly sly, self-serving example of self-interested swindlers successfully selling a self-referential, “self-creating” sophistry.  For over 500 years, its purpose has been to persuade us all that money will certainly earn more money over time; and therefore, money possesses the innate power to earn more money over time; and therefore, the Lords of Time must have the right to charge interest for the use of money lent out, as compensation for their “lost opportunity” (ie, Time) to “earn” more money from their money’s innate power to earn more money.

This first half of the “Time Value of money” circular flow of illogical reasoning has come to be universally accepted, largely because so few pause to consider the unstated second half of the circle, which goes like this:  and therefore, the Lords of Time must also have the right to pay interest (if they wish) to people who deposit money with them for “safe-keeping” (storage), as compensation for their “lost opportunity” to “earn” more money from money’s innate power to earn more money — err, say what now?! — (and whose deposits the Lords of Time can also lend out and charge interest for); and therefore, since it is now firmly established that money deposited with the Lords of Time will earn interest over time, this proves that money will certainly earn more money over time, and therefore money obviously possesses the innate power to earn more money over Time, etc etc, ad infinitum.

In its definition of the Time Value of Money, Investopedia unwittingly lets the cat out of the bag, highlighting this circular reasoning which lies (pun intended) at the dark heart of the grand mystical numberland of finance (bold and italicised emphasis added):

 

DEFINITION OF ‘TIME VALUE OF MONEY – TVM’

The idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.  This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received.

Everyone knows that money deposited in a savings account will earn interest.  Because of this universal fact, we would prefer to receive money today rather than the same amount in the future.27

 

Clearly then, the circular logic of the supposed Time Value of Money fails, if ever the “universal fact” that “money deposited in a savings account will earn interest” fails.

Like, err, now.

At this present time, so-called “ZIRP” (Zero Interest Rate Policy) and even “NIRP” (Negative Interest Rate Policy) is spreading all over the moribund economies of the Western world.  We now receive zero interest on money deposited in a savings account.  Not only that, in an increasing number of Western countries, the Lords of Time are now charging interest (ie, paying negative interest) on money deposited in a savings account.  Yes, that’s right … if not now, then very soon, they will charge you interest for “holding” money on deposit in the “safe-keeping” of their bank.

Why are they doing this?  As with so many magician’s tricks, the key to successfully pulling off the illusion, is movement.  In the sideshow hustler’s game of Thimblerig or Three Shells and a Pea28, the faster the hustler moves his hands, the more difficult it is to see that he has moved or even pocketed the pea.

 

"The Conjurer," painted by Hieronymus Bosch (between 1496 - 1520). The painting accurately displays a performer doing the cups and balls routine, which has been practiced since Egyptian times. The shell game does have some origins in this old trick. The real trick of this painting is the pickpocket who is working for the conjurer. The pickpocket is robbing the spectator who is bent over. (Source: Wikipedia)

“The Conjurer,” painted by Hieronymus Bosch (between 1496 – 1520). The painting accurately displays a performer doing the cups and balls routine, which has been practiced since Egyptian times. The shell game does have some origins in this old trick. The real trick of this painting is the pickpocket who is working for the conjurer. The pickpocket is robbing the spectator who is bent over. (Source: Wikipedia)

 

In the great alchemical trick of Hermes the Thrice-Greatest and his Latter-Day Saints, this vital movement is called “Flow”, or the “Velocity of the Circulation of Money”.  So long as the flow of money in the economy is fast enough, no one notices that the game is actually rigged.  That is, no one notices that there is insufficient money in the system to pay interest.

This policy of zero (or even negative) interest rates on bank deposits, is all about trying to speed up the flow of money in the economy.  The Lords of Time are hoping that this policy will encourage people to spend (“Flow”), not save (“Stock-pile”) money.

Why?  Because the only way for the Lords of Time to keep on “earning” compound interest on the intergalactic levels of debt that they have lent to the world, is to make the “money” flow fast enough.

The real truth of the Money Illusion is this: If everyone had to settle their debts at the same time, there is always far more money owed, than there is money to pay with.  The game only seems to work fairly and honestly if we only look under one shell at any time, and, if we believe the hustler’s claim that the missing pea really is just hiding under one of the other shells all the time.

In a recent article in Forbes titled “The Principal And Interest On Debt Myth”,29 a modern day mathematician and globally renowned academic economist set out to prove to the now-growing crowd of questioning (and in some cases, hostile) finger-pointers, that we should all just “Move along now, there’s nothing to see here”.

That is to say, he challenged the view that “because banks lend principal, but insist that principal and interest be paid by the debtor, the money supply has to grow continuously to make this possible”.

His proof?

A simple model of a “simplest possible financial system” … based on double-entry bookkeeping:

Screen shot 2015-04-09 at 2.29.53 PM

 

Alas, the accounting fraud-riddled history of double-entry bookkeeping ever since its Western popularisation by Fra Luca Pacioli (and more importantly, by his powerful patrons in the world of money-lending), strongly suggests that a reliance on the “logic” of double entry to “prove” anything with regard to banking, money, debt, and compounding interest, is tantamount to using the casino’s own roulette wheel in an attempt to “prove” that the game of roulette is not rigged in favour of the house.

Or, to return to our shell game analogy, it is tantamount to relying on a sideshow hustler’s own sleight of hand skills to “prove” that the pea you couldn’t see really was under one of those three shells all the time.

It all works fine (for the hustler), whilst ever the “flow” of the hustler’s hands is fast enough to fool the common man.  But if the flow is slowed – in economic terms, by a growing “loss of confidence” in the game, resulting in too many people saving or “hoarding” money (Stability) rather than spending it (Movement) — suddenly the hustle begins to be exposed.  At a slower rate of “flow”, it becomes much more easy to see that the hustler has been pocketing the pea all along.

Happily, the economist writing in Forbes did admit that the money-lenders’ money-shuffling game only works “so long as those flows are large enough”:

Critical Caveat - the RATE of Flow is critical to supporting Steves thesis, that the Interest can be paid out of flows

 

He also admitted that his simple model does not reflect the real world, which “is far more complicated”:

Screen shot 2015-04-09 at 3.21.31 PM

 

He also admitted that it is possible to enter different values for the limited set of parameters he chose for his simple model, that would make his conclusion (that interest can be paid without increasing the money supply) “untenable”:

Screen shot 2015-04-09 at 2.34.30 PM

 

But arguably his most important admission of all was not included in his Forbes article.  Rather, it is on his Twitter account that we find his admission, that it is mathematically impossible for everyone to pay their debts at the same time:

Screen shot 2015-04-09 at 4.09.44 PM

 

In his zeal to disprove the claims of a growing crowd of questioning onlookers who are pointing out that the monetary alchemists’ shell game is rigged, the good professor has fallen afoul of the error of oversimplification. A simple double-entry bookkeeping model, of a “simplest possible financial system”, having a limited set of parameters, that obviously does not include all the parameters of the real world’s financial system, but that does include a number of invalid assumptions (eg, the notion that banks are “consumers”, who spend all their earnings back into the “flow” of the national economy); a model that does not reflect the real world “which is far more complicated”, is a model that is quite obviously too simple, and does not prove (or disprove) anything at all.

Jane Gleeson-White, author of Double Entry: How The Merchants of Venice Shaped Modern Finance, relates an interesting and relevant anecdote regarding Fra Luca Pacioli, the acclaimed father of accounting.  On 11 August 1508, Pacioli gave an introductory public lecture at the church of San Bartolomeo near the Rialto Bridge in Venice (bold emphasis added):

Some five hundred people came to hear the celebrated mathematician speak … The famous Venetian printer Aldus Manutius was there and may have brought along Erasmus, who was staying with him near the Rialto while supervising the printing of his translation of Euripedes and a collection of ancient proverbs.

Intriguingly, after leaving Italy in 1509 Erasmus wrote his famous satire, In Praise of Folly, in which he mocks scientists who use maths to bamboozle their audience.  His description of these boffins rather accurately parodies the methods used by Luca Pacioli in his talk on Euclid: “When they especially disdain the vulgar crowd is when they bring out their triangles, quadrangles, circles, and mathematical pictures of the sort, lay one upon the other, intertwine them into a maze, then deploy some letters as if in line of battle, and presently do it over in reverse order – and all to involve the uninitiated in darkness.”  In his book, Erasmus set out to deflate the pretensions of anyone who claimed special knowledge or importance, whether they were philosophers, merchants or clerics.30

 

In his Praise of Folly .. he calls Mercury the inventor of tricks or of conjuring (“Quos nos ludos exhibet furtis ac praestigiis Hermes?”“What entertainments does Hermes show us, with his tricks and sleight-of-hand?”)31

 

Bernard Lietaer is a former central banker, fund manager, and co-designer of the European Currency Unit (precursor to the Euro), who was named “the world’s top currency trader” by Businessweek in 1992. Today, Lietaer is a currency system reformer with almost 40 years active experience in the field.  In Rethinking Money, he uses the brilliant analogy of the game of musical chairs, to help explain how “our” alchemical money system really works.

His analogy helps to illuminate this fundamental point – that it is only when the music (money “flow”) slows (“economic slowdown”) or stops (“credit crunch”), and people get nervous (“economic con-fidence”) and start looking for a chair to sit on, that we discover there never was enough chairs (“money”) for everyone:

Essentially, to pay back interest on a loan requires using someone else’s principal.  In other words, not creating the money to pay interest is the device used to generate the scarcity necessary for a bank-debt monetary system to function.  It forces people to compete with each other for money that was never created, and it penalizes them with bankruptcy should they not succeed.  When a bank checks a customer’s creditworthiness, it is really verifying his or her ability to compete successfully against the other players – that is to say, assessing the customer’s ability to extract from others the money that is required to reimburse the interest payment.  One is obliged in the current monetary system to incur debt and compete with others in order to perform exchanges and pay the resulting interest to the banks and lenders.32

Although new loans are being created, the interest on the principal is not.  Nowhere in the system is this additional money created.  This gives rise to scarcity, which, in turn, creates competition to acquire the extra money to cover the loans’ interest.  This magic, where one person’s loan becomes another’s deposit, and whereby when you pay interest you are using someone else’s principal, is really monetary alchemy.  This monetary alchemy is one of the esoteric secrets of the monetary system.33

A key point to keep in mind is that this entire money-creation process hinges on loans.  If all debts were repaid, money would simply disappear, because the entire process of money creation would reverse itself.  Reimbursing all loans would automatically use up all the deposits.34

alchemy_woodcut_omnia_unus_est_by_dashinvaine-d62hzol

When a banker  checks a customer’s credit score, it is to assess how successful or aggressive that individual or business will be in contending with others to obtain funds that are not created in sufficiency to pay back the interest on the loan.35

In a manner of speaking, it’s like a game of musical chairs in that there are never enough seats for everyone.  Someone will end up getting squeezed out. There isn’t enough money to pay the interest on all the loans, just like the missing chair.  Both are highly competitive games. In the money game, however, the stakes are elevated, as it means grappling with certain poverty or, worse still, having to declare bankruptcy.36

 

The real brilliance of Lietaer’s musical chairs analogy is that it helps the “common” man and woman to easily visualise, and understand, the alchemists’ critical need for monetary “motion” as opposed to “stability”, in order to conjure an apparent economic “equilibrium” of “constant change” (ie, constant economic “growth”) moving through time. It is, we now see, an illusory “equilibrium”, built on the ancient magic of sophistry and numbers, and contrived to “produce” compound “yields” for the Wizards of Oz hiding behind the curtain:

let him show the basis of that Stability to be constant change, just as the stability of a molecule is secured by the momentum of the swift atoms contained in it.

In this way let every idea go forth as a triangle on the base of two opposites, making an apex transcending their contradiction in a higher harmony.

It is not safe to use any thought in Magick, unless that thought has been thus equilibrated and destroyed.37

 

Unlike these present-day Lords of Time and their legions of high priests all preaching the obscure doctrines of Hermetic-Kabbalistic economic theology, Lietaer is speaking an everyday, “common” language — of “common” imagery and symbols — that we can easily understand. Most important to notice though, is that his clear and simple language is a result of his motivation. He seeks not to obfuscate but to elucidate.

In a telling passage of John Maynard Keynes: Vol 2 The Economist As Saviour 1920-1937, Keynes’ biographer Robert Skidelsky informs us that (bold and italicised emphasis added):

In Keynes’s view capitalism’s driving force is a vice which he called “love of money” … in the General Theory “the propensity to hoard” or “liquidity preference” plays a vital part in the mechanics of an economy’s rundown, once something has happened to make investment less attractive. And this links up with Keynes’s sense that, at some level too deep to be captured by mathematics, “love of money” as an end, not a means, is at the root of the world’s economic problem.38

 

Nearly two thousand years earlier, Jesus of Nazareth pointed to the same thing, in debunking the money-lenders’ illusion (delusion) that “‘Time’ (‘God’) is ‘Money'”:

No one can serve two masters; for either he will hate the one and love the other, or else he will be loyal to the one and despise the other. You cannot serve God and mammon [money].39

 

*******

UPDATE 2/2/2016

“To know and not to know, to be conscious of complete truthfulness while telling carefully constructed lies, to hold simultaneously two opinions which cancelled out, knowing them to be contradictory and believing in them both, to use logic against logic, to repudiate morality while laying claim to it (…) To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just as long as it is needed, to deny the existence of objective reality.”

— George Orwell, defining “doublethink” in his book 1984

 

“Today, many nations are revising their moral values and ethical norms, eroding ethnic traditions and differences between peoples and cultures. Society is now required not only to recognise everyone’s right to the freedom of consciousness, political views and privacy, but also to accept without question the equality of good and evil, strange as it seems, concepts that are opposite in meaning. This destruction of traditional values from above not only leads to negative consequences for society, but is also essentially anti-democratic, since it is carried out on the basis of abstract, speculative ideas, contrary to the will of the majority, which does not accept the changes occurring or the proposed revision of values.”

— Vladimir Putin, Presidential Address to the Federal Assembly, December 12, 2013

 

UPDATE: 10/2/2016

Added Faivre quotation, footnote 31.

 

UPDATE: 2/3/2016

Corrected first three diagrams consistent with DE balance sheet rule (Assets – left, Liabilities – right).

 

UPDATE: 3/26/2016

Added video clip “It’s called an economy” – see Once Upon A Time – An Allegory For Usury On Primetime American TV

 

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[1] Edward Thomas Jones, Jones’ English System of Book-Keeping by Single or Double Entry, 1796

[2] James D. Heiser, Prisci Theologi and the Hermetic Reformation in the Fifteenth Century, 2011

[3] Jane Gleeson-White, Double Entry: How The Merchants of Venice Created Modern Finance, 2013

[4] ibid.

[5] Sanford L. Drob, The Doctrine of Coincidentia Oppositorum in Jewish Mysticism, 2000

[6] Sanford L. Drob, The Theosophical Kabbalah, 2001

[7] Aleister Crowley, Magick in Theory and Practice, Book IV, Part III, Chapter VIII; Of Equilibrium: and of the General and Particular Method of Preparation of the Furniture of the Temple and the Instruments of Art

[8] Eliphas Lévi, Transcendental Magic, Its Doctrine and Ritual, 1896

[9] ibid.

[10] ibid.

[11] ibid.

[12] Jane Gleeson-White, Double Entry: How The Merchants of Venice Created Modern Finance, 2013

[13] ibid.

[14] ibid.

[15] ibid.

[16] ibid.

[17] ibid.

[18] Jolyon Jenkins, How Men In Grey Suits Changed The World, 2010 – http://news.bbc.co.uk/2/hi/uk_news/magazine/8552220.stm

[19] ibid.

[20] E. Michael Jones, Barren Metal: A History of Capitalism As The Conflict Between Labor And Usury, 2014

[21] ibid.

[22] Jane Gleeson-White, Double Entry: How The Merchants of Venice Created Modern Finance, 2013

[23] ibid.

[24] Bill Still, The Wonderful Wizard of Oz: A Monetary Reformer’s Brief Symbol Glossaryhttp://www.themoneymasters.com/the-wonderful-wizard-of-oz-a-monetary-reformers-brief-symbol-glossary/

[25] Richard Marback, Plato’s Dream of Sophistry, 1999

[26] Jane Gleeson-White, Double Entry: How The Merchants of Venice Created Modern Finance, 2013

[27] Investopedia, Time Value of Moneyhttp://www.investopedia.com/terms/t/timevalueofmoney.asp

[28] Wikipedia, Shell Game – http://en.wikipedia.org/wiki/Shell_game

[29] Steve Keen, The Principal And Interest On Debt Myth, Forbes, 2015 – http://www.forbes.com/sites/stevekeen/2015/03/30/the-principal-and-interest-on-debt-myth-2/

[30] Jane Gleeson-White, Double Entry: How The Merchants of Venice Created Modern Finance, 2013

[31] Antoine Faivre, Eternal Hermes: From Greek God to Alchemical Magus, 1995

[32] Bernard Lietaer and Jacquie Dunne, Rethinking Money, 2013

[33] ibid.

[34] ibid.

[35] ibid.

[36] ibid.

[37] Aleister Crowley, Magick in Theory and Practice, Book IV, Part III, Chapter VIII; Of Equilibrium: and of the General and Particular Method of Preparation of the Furniture of the Temple and the Instruments of Art

[38] Robert Skidelsky, John Maynard Keynes: Vol. 2, The Economist As Saviour 1920-1937, 1994

[39] Matthew 6:24, The Sermon on the Mount, New King James Version

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