A SHORT HISTORY OF BANKING

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date: Fri, 4 Jul 2008 02:06:30 -0700 (PDT), group: uk.finance back

A SHORT HISTORY OF BANKING

A SHORT HISTORY OF BANKING

Surely the Government is in control of the country and its supply of
money? Surely money is only a symbolic token to facilitate the
production, exchange and distribution of goods and services? Not so,
say the Third Positionists, who reject both Capitalism and
Communism...

In the old days there was no paper money. The accepted token of
exchange was precious metal minted into coins by the Church and the
Crown. Because there was only a limited amount of gold and silver
available, the economic life of the nation had a certain regularity.

An even greater restriction existed throughout Christendom. This was a
prohibition against usury, or charging interest. The Church held it to
be a grave sin and the code was upheld by the civil powers. There were
harsh penalties for those who broke the law.

The regulation of usury was to prevent the separation of money from
reality. Money is not a good, it is a measure. It is fraud to pretend
otherwise, and constitutes theft. Usury is making money from lending
money; it is making money from nothing. This is exactly what is
happening today on a colossal scale.

Several important things arose from the prohibition of usury in
medieval Christendom. Firstly Jews, who had taken to wandering around
Europe in the Middle Ages, began to specialize in money-lending and
other practices which were forbidden to Christians. Exploited
Christians, both peasants and aristocracy, found themselves being bled
dry by usurers, which is why there were sporadic uprisings,
imprisonments and expulsions of Jews throughout Europe. It is one
reason why King Edward I expelled these perfidious people from England
in 1290. Oliver Cromwell allowed them back when the moral authority of
the Church was undermined and the King was beheaded in 1649.

Secondly, gold coins, jewels and other valuables were deposited with
people who held strongboxes. This was usually with goldsmiths and
money-lenders who, more often than not, were one and the same. These
loan-sharks and scriveners realized that, without much chance of being
found out, they could charge people for looking after their deposits
and then use those deposits  which did not belong to them  to make
loans to other people at interest. They soon became rich and powerful.

Gold coins are heavy and awkward to carry around so the custom arose
whereby the money-lenders would issue credit notes to depositors who
began to trade these notes between themselves in commercial
transactions. Paper money had come into existence.

A new form of usury developed as the swindling money-lenders realized
the immoral benefits that could be obtained from such a situation. It
became apparent to these thieves that they could go one step further
than dishonestly using other peoples money for financial advantage at
no cost to themselves. They could invent money from absolutely
nothing. They could issue credit notes with nothing to back them up
and put them into circulation as interest-bearing debts. No-one would
be any the wiser. They calculated that they could safely issue notes
for up to ten times more than the gold deposits they held, because the
depositors would never ask for their deposits back all at the same
time.

The principle of modern banking was thus established: invent money
from nothing, put it into circulation as "running cash notes" that
have to be paid back with real wealth that is produced from our
labour, sit back and become unbelievably wealthy and powerful men:
hidden rulers of nations.

In England this deceitful system was officially sanctioned in 1694.
The usurper of the throne, William of Orange, had overthrown the
legitimate King James II with the financial backing and plotting of
powerful Jewish financiers in Amsterdam. In return he gave the
sovereignty of England to a group of financiers by means of a Charter
allowing them to call themselves the Bank of England. The Charter made
no mention of issuing the nations money, but within minutes of
signing the new Bank officials were discussing the form of their
"running cash notes." The same system was adopted in every country by
a process of Masonic revolution and manipulation.

FREEMASONRY AND COMMUNISM

Socialist theorists and ideologues have never attacked the essential
mechanism of capitalism. Although the injustices of the capitalist
system have been attacked in volume after volume, and rightly so, they
have never even hinted at the usury upon which the whole system is
built and from which all the other injustices stem.

Perhaps this is because so many Communist leaders are Jewish. Most of
the Russian Revolutionists of 1917 were actually Jews from the lower
east side of New York City. Two hundred and seventy-five of them were
conveyed to Russia aboard the S.S. Christiana, led by Trotsky and
financed by Kuhns, Loebs, Schiffs and Warburgs. This cosy circle of
Jews and Freemasons financed both sides of the Great War.

Marx and Engels, two more Jews, wrote the Communist Manifesto on
behalf of a secret society calling themselves The League of Just
Men. This secret society was an arm of the Illuminati, whose power
and influence was the catalyst of the French Revolution. One of the
founding members of the Illuminati was the House of Rothschild, the
Jewish banking house which practically invented supra-nationalism for
personal profit.

THE SITUATION TODAY

Nowadays banking has become extremely sophisticated but the hidden and
usurious mechanism behind it remains the same. After a big enquiry,
hushed up as much as possible, the Bank of England was nationalised in
1946. In theory control of the Bank of England should then have passed
from a group of private individuals to the British Government, but
this is still not the case. Nationalisation only added a thin veneer
of respectability.

The British Treasury, in conjunction with the Bank of Englands
advisers to the Government, determine how much paper money and coin
will be issued each year. This has to accord with the wealth of the
nation for that year. But because banknotes and coins only account for
a tiny percentage of financial transactions, it makes no difference to
the bankers at all. Most financial transactions are carried out with
abstract figures on a computer screen that have no relationship to
real wealth. Everything has to be paid for at interest though  even
when it doesnt exist!

The Government still has to pay interest on old and new loans from the
Bank. Only a few years ago it was announced that the interest debt on
a loan taken during the Napoleonic War had just been paid off! This is
where much of our tax money goes.

THE NEXT STAGE

The next stage of development for international finance is to get rid
of cash altogether. Then the token accountability of the bankers will
disappear along with the cash. Their intention is that everyone will
have to use credit/debit cards for every type of commercial
transaction.

Electronic technology, when used this way, and when it is not merely
widespread but compulsory, will give them complete control of every
man, woman and child in the world. If you cannot buy or sell  food,
petrol, clothes  without a card you are completely at their mercy. If
you lose the card or it doesnt work for some reason you will suffer
until issued with a replacement. If you make a protest against some
particular injustice they could invalidate your card. The next time
you go to the supermarket your card may not work. You wont officially
exist!

Who benefits from such a scheme? The politicians or the bankers? To
ask the question is to answer it. The Bank of England is the real, but
hidden, government of the country. The Government and the politicians
are merely puppets controlled by the Bank  or, more accurately, the
international banking families. None of our cowardly politicians dare
stand up to these hidden and unelected rulers of the world, so
powerful have they become. Two American presidents, possibly three,
were assassinated for attempting to do so. It is far easier for them
to submit to the system and enjoy a rich life than expose the real
tyrants: tyrants who cause high taxes, unemployment, war, famine and
misery for the rest of us. But these despots of the New World Order
forget that Truth is more powerful than they could ever become. And
Truth brings Justice!

http://www.heretical.com/miscellx/usury.html

date: Fri, 4 Jul 2008 02:06:30 -0700 (PDT) author: St Georges Day April 23rd