Study of the Hegemony of Parasitism - michaeljgoodnight.com

the most part Spanish or Dutch Jews of varying reliability
and venality." Chandler says that they consistently gave
short weight or added sand to their corn sacks. For a
number of years, Medina, as chief army contractor,
contributed an annual commission of 6000 pounds a
year to Marlborough as his rakeoff on army contracts.
In addition to his English supporters, who were
previously loyal to King James II, William brought with
him from Amsterdam the group of avaricious financiers
who were also the suppliers of his armies. One of his first
official acts was the conferring of knighthood on Solomon
de Medina. Machado and Pereira provisioned his armies
in Spain and Holland; Medina supplied Marborough in
Flanders; Joseph Cortissot supplied Lord Galway in
Spain, and Abraham Prado supplied the British army
during the Seven Year War.
The most important act of William's reign was his
granting of the charter of the Bank of England in 1694,
although most of his biographers omit this salient fact.
The concept of a central bank which would have the
power of note issue, or issuing money, had already taken
hold in Europe. The Bank of Amsterdam was started in
1609; its members aided William in his conquest of
England. The Bank of Hamburg was chartered in 1619;
the Bank of Sweden began the practice of issuing notes
in 1661. These banks were chartered by financiers
whose ancestors had been bankers in Venice and
Genoa. As the tide of world power shifted northward in
Europe, so did the financiers. The Warburgs of Hamburg