Chapter 36 - Quotes and Blog Rants about Usury and the Fall of the Roman Empire

Anthony Migchels

...all land and most other assets had been centralized in the hands of a very few through Usury. [360]

Daniel Lemire 2011

During the fall of the Roman Empire, many citizens were enticed to borrow from the super wealthy. Eventually, the peasant class was wiped out: they became serfs. Serfs live in conditions where they cannot possibly expect to improve their conditions. They constantly owe more than they earn. They are, effectively, slaves. [361]


The trade policies gave Rome the strongest economy of the ancient world, providing the Roman state with the resources to become the greatest empire of all time. Having only limited products, Rome had to export her gold though. Conquest was a means to replenish the treasury. This worked well for a while, but by the reign of Trajan (98-117 A.D.), the cost of conquest was greater than the riches it supplied. Borrowing money at interest caused the government to raise taxes and led to the inevitable reversal of its earlier commerce policies. High taxes, pervasive regulation and debasement of the currency ultimately undermined the strength of the Roman economy. In the end, the state simply did not have the resources to defend itself against barbarian invasions. Internally, Rome's own citizens became increasingly alienated, which can be directly attributed to the practice of usury. The lack of Roman will to survive was a slow capitulation that none knew for the wiser. [362]


The major reason for the decline of pagan Rome can be attributed to the long-term destructive effects of usury. Indeed, usury has fueled the rise and the fall of the great civilizations of Egypt, Persia, Babylon, Greece and Rome. [362]


The Roman government was far too corrupt already with its politicians bought by moneychangers for any fledgling Christian sect to have an affect on its decline. The moneychanger's demand was perpetually self-serving, which was disparate to the common good of the populace. [362]

H. W. Harris

debt was in fact the lifeblood of the Roman economy, at all levels . . . nomina were a completely standard part of the lives of people of property, as well as being an everyday fact of life for a great number of others. ...

Nomina were transferable, and by the second century B.C., if not earlier, were routinely used as a means of payment for other assets . . . . The Latin term for the procedure by which the payer transferred a nomen that was owed to him to the seller was delegatio. [363]


The tale of the usurer's power is reported during the revolt of several Italian cities in 88 AD. It concluded by the Roman siege of the Italian city of Asculum in the second year of the war. The war was costly and had damaged Italy's economy. "During the war, debt had become more widespread. Uncertain about the future, financiers had begun refusing more loans and demanding payment. Those Romans angered by the moneylenders had begun a movement against usury. A praetor responded favorably to the movement and invoked an ancient law against usury that had long been ignored. This infuriated financiers, and a gang of men mobbed the praetor and cut his throat, and some who had spoken in favor of the praetor and against usury were lynched, [362]

Michael Hudson

The fall of the Roman Empire demonstrates what happens when creditor demands are unchecked. [364]

Professor Gaettens

in his book 'Inflation', suggests that the collapse of the currency at the time of the Roman emperors to the fall in the price of copper, which caused a fall in the value of copper money.

The Moneychangers Exposed at Last!!

Usury was condemned by the early Congregation, and even the Council of Nicaea which was presided over by Pope Constantine, issued a sanction against it:

"Finally there followed the prescription of twenty canons or rules of discipline:

(17) prohibition of usury among the clergy; " (First Council of Nicaea).

The Vatican invented "Jews" as a smokescreen for usury

Since usury was prohibited by the early church this left the money loving Vatican in a terrible dilemma. Officially they condemned usury in the most stringent terms, but behind the scenes they found a way to circumvent it. Their answer was to invent Jews and use them as a smokescreen for their money lending. This way the popes could continue to act pious and let the Jews take the rap for the loan sharking.

Finding fake Jews was no problem for Rome. Centuries before Christ, the Samaritans were pretending to be Jews. One of the most infamous Samaritans was Simon the Sorcerer, who tried to buy the Holy Spirit from St. Peter. This Simon later went to Rome, and was the actual founder of what later evolved into Roman Catholicism. [The Moneychangers Exposed at Last!!]


[361] Daniel Lemire's blog Montreal, Canada - Retrieved 2015-04-11

[362] Usury and its Effect on Rome and Early Christianity by Eduardo

[363] H. W. Harris, "The Nature of Roman Money", P192