short history of interest

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    Are we confused about Socially Responsible Banking?

    Our everyday experience and the financial collapse a major bank shed some light to GREED.

    Here a some more information from a historical and religious point of view. So as to understand why er REQUIREa more Socially Responsible Financial System where the basic society can access from their BASICREQUIREMENTS.

    Let us now look at what the HISTORY has to say about INTEREST

    A SHORT HISTORY OF BANKING

    Surely the Government is in control of the country and its supply of money? Surely money is only a symbolictoken to facilitate the production, exchange and distribution of goods and services? Not so, say the ThirdPositionists, 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 bythe 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 charginginterest. The Church held it to be a grave sin and the code was upheld by the civil powers. There were harsh penaltiesfor 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. Itis fraud to pretend otherwise, and constitutes theft. Usury is making money from lending money; it is makingmoney 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 takento wandering around Europe in the Middle Ages, began to specialize in money-lending and other practices whichwere 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 Cromwellallowed 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 wasusually with goldsmiths and money-lenders who, more often than not, were one and the same. These loan-sharksand scriveners realized that, without much chance of being found out, they could charge people for looking aftertheir 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 arosewhereby the money-lenders would issue credit notes to depositors who began to trade these notes betweenthemselves 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 beobtained from such a situation. It became apparent to these thieves that they could go one step further thandishonestly using other people's money for financial advantage at no cost to themselves. They could invent moneyfrom absolutely nothing. They could issue credit notes with nothing to back them up and put them into circulation asinterest-bearing debts. No-one would be any the wiser. They calculated that they could safely issue notes for up toten times more than the gold deposits they held, because the depositors would never ask for their deposits back all att

    http://www.heretical.com/miscellx/usury.html?g_q=christianity%20prohibits%20usury

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    he same time. The principle of modern banking was thus established: invent money from nothing, put it intocirculation 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 inAmsterdam. In return he gave the sovereignty of England to a group of financiers by means of a Charter allowingthem to call themselves the Bank of England. The Charter made no mention of issuing the nation's money, but withinminutes 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. Althoughthe injustices of the capitalist system have been attacked in volume after volume, and rightly so, they havenever even hinted at the usury upon which the whole system is built and from which all the other injusticesstem.

    Perhaps this is because so many Communist leaders are Jewish. Most of the 'Russian Revolutionists' of 1917 wereactually Jews from the lower east side of New York City. Two hundred and seventy-five of them were conveyed toRussia 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 thecatalyst of the French Revolution. One of the founding members of the Illuminati was the House of Rothschild, theJewish 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 remainsthe same. After a big enquiry, hushed up as much as possible, the Bank of England was nationalised in 1946. Intheory control of the Bank of England should then have passed from a group of private individuals to the BritishGovernment, but this is still not the case. Nationalisation only added a thin veneer of respectability.

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

    The British Treasury, in conjunction with the Bank of England's advisers to the Government, determine how muchpaper money and coin will be issued each year. This has to accord with the wealth of the nation for that year. Butbecause banknotes and coins only account for a tiny percentage of financial transactions, it makes no difference tothe bankers at all. Most financial transactions are carried out with abstract figures on a computer screen that have norelationship to real wealth. Everything has to be paid for at interest though even when it doesn't 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 taxmoney goes.

    THE NEXT STAGE

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

    Electronic technology, when used this way, and when it is not merely widespread but compulsory, will givethem 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 doesn't work for somereason 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 won'tofficially exist!Who benefits from such a scheme? The politicians or the bankers? To ask the question is to answer it. The Bankof 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 cowardlypoliticians dare stand up to these hidden and unelected rulers of the world, so powerful have they become. Two

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    American presidents, possibly three, were assassinated for attempting to do so. It is far easier for them tosubmit 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 thatTruth is more powerful than they could ever become. And Truth brings Justice!

    Buddhism

    Majjhima Nikaya Suttra 117 Buddha forbids "rapacity for gain upon gain" One discerns wrong livelihood aswrong livelihood, and right livelihood as right livelihood. And what is wrong livelihood? Scheming, persuading,hinting, belittling, and charging interest. This is wrong livelihood."

    Hinduism

    Vasishtha, The Sacred Laws of the Aryas, Part II, Chptr 2, vs 40-42 A Brhmana and a Kshatriya shall not lend

    anything at interest... 'He who acquiring property cheap, gives it for a high price, is called a usurer and blamedamong those who recite the Veda.' 'God weighed in the scales the crime of killing a earned Brhmana against thecrime of charging interest; the slayer of the Brhmana remained at the top, the charger of interest sankdownwards.

    Christianity:

    And if you lend to those from whom you hope to receive back, what credit is that to you? For even sinners lendto sinners to receive as much back. But love your enemies, do good, and lend, hoping for nothing in return; andyour reward will be great, and you will be sons of the Most High. (Luke 6:34-35)

    Jesus said, "If you have money, do not lend it at interest. Rather, give to someone from whom you will not get itback." (Gospel of Thomas 95) Ezekiel 18:13

    Lends at interest, and takes profit; shall he then live? He shall not live. He has done all these abominations; heshall surely die; his blood shall be upon himself.Deuteronomy 23:19

    You shall not charge interest on loans to your brother, interest on money, interest on food, interest on anythingthat is lent for interest. Ezekiel 22:12-13

    In you they take bribes to shed blood; you take interest and profit and make gain of your neighbors byextortion; but me you have forgotten, declares the Lord God. Behold, I strike my hand at the dishonest gainthat you have made, and at the blood that has been in your midst. Ezekiel 22:12

    Islam

    O ye who believe! devour not usury doubled and multiplied; but fear Allah; that ye may prosper. 3: 130 .

    Those who devour usury will not stand except as stands one whom the Evil One by his touch hath driven to madness.That is because they say: "Trade is like usury but Allah hath permitted trade and forbidden usury. Those whoafter receiving direction from their Lord desist shall be pardoned for the past; their case is for Allah (to judge); butthose who repeat (the offence) are companions of the fire: they will abide therein (for ever). Qur'an 2: 275.