6139008-History-of-Money

their own money, the modern ones, the Bankers, are able to create it out of nothing. The moneylender, conceived inBabylon and Rome . . . gave birth to usury. The word usury comes from the Latin usus meaning "used" and the wordusuria which means demanding in return for a loan a greater amount than was borrowed. Usury started in ancient Romeand is practiced by the Vatican. Here are some unexpected remarks by the Pope on usury (by the way, why did the Popeget shot in May 1981? Did he deviate from the Illuminati line or was there some internal disagreement amongthemselves? More on the Bank of Rome soon):St. Thomas Aquinas, the leading theologian of the Catholic Church, argued charging of interest is wrong because it appliesto "double charging", charging for both the thing and the use of the thing. Aquinas said that a lender charges for the loanby requiring the loan to be paid back, in other words, the payback for the loan is the charge for the loan. Any furthercharge is a charge for using the loan. Aquinas said this would morally wrong in the same way as if one sold a bottle ofwine, charged for the bottle of wine, and then charged for the person using the wine to actually drink it (which is the defactotransaction when you take the loan and buy something with it).VATICAN CITY, NOV. 22, 2000 (ZENIT.org).- John Paul II made an urgent appeal this morning against the "worryingphenomenon of usury," and called for help for victims of "this spreading plague." At the end of the general audience,attended by 40,000 faithful, the Pope raised his voice and appealed for "generous commitment in the battle against thismerciless abuse of others' need." Among the faithful were members of the Italian Association of Foundations AgainstUsury and delegates of several regional foundations. Addressing them, the Pope said: "Usury is a social plague that isspreading and it is totally necessary to go to the aid of all those who are trapped in this net of injustice and gravesufferings." "I sincerely hope that, in the context of the Jubilee Year, thanks to the contribution of all, concrete steps maybe taken to eliminate this grave scourge," the Pope said. John Paul II has spoken on several occasions against this abuseand has exhorted banks to be inspired in the principles of cooperation and solidarity to combat this phenomenon. On Nov.11, when he met with directors and employees of Bank of Rome, the Pontiff asked the credit institutions to committhemselves even more to the struggle against usury. He exhorted them to resolutely support people with financialproblems, and not just seek the highest profit.Usury is extensive in Italy, due, in part, to its banking system. A few days ago, the Supreme Court condemned someItalian banks for imposing interest rates on clients with overdrawn accounts that were "higher" than those of "usury." [Ed:In fact, usury is wrong, REGARDLESS of the interest charged. Usury is the imposition of any interest on anUNPRODUCTIVE loan. Belloc explains it very well -- and the WHOLE banking system is based on it]. Just why usury (andgiving false measure) is a negative force was explained in a previous section in great detail. Lets again explain using anew analogy imagining our primitive tribe trading among themselves in an isolated community. As they trade using theiraccepted beads or stones, with each transaction both the buyer and seller benefit. Along comes an individual with a bitmore of an acceptable currency which he offers to lend to the one who has less or to the one who cannot barter or whodoes not have the acceptable currency!, so long as the poorer member agrees to pay back all plus a bit more in a giventime. Immediately the poorer member is now even poorer because has to pay back what he now holds plus a percentageof what he will hold and has yet to find. This transaction in itself will not have increased the overall produce of thecommunity, yet now the lender owns a bit more of the overall wealth without having added anything to it. This action, farfrom having helped the poorer member has actually deprived everyone. One such transaction might not appear to make ahuge difference, but multiply the effects and soon our lender will have a growing pile of currency which he has acquiredwhile adding absolutely nothing to the community. If the community we imagine once consisted of individuals tradingfairly to survive, now everyone who owes is working for the lender (see the Thomas Edison quote on usury). The lendermight seem like the good guy and the borrower might be grateful for the loan, but in fact, the contract entered into is nofavor and the lender is really only preying on the poor and giving nothing. One may argue that if the borrower succeeds insurviving another day or in producing something and selling it for a profit, then the borrower benefited. But he had to giveaway a part of his labor to pay interest to the lender and will be fighting with others to acquire the money to pay theinterest. The lender earned another piece of gold by lending a piece of gold and making no apparent effort. This is knownas the parasitic effect and cannot be considered fair trade. To illustrate, the word mort-gage word is derived from Latin‘mort’ - death, and the Old Norman ‘gage’ – grip, i.e. “death-grip”.But what is this thing called excessive interest? (Latin usus meaning "used" and the word usuria which meansdemanding in return for a loan a greater amount than was borrowed)Thomas Edison said: "People who will not turn a shovel-full of dirt on the project nor contribute a pound of materialswill collect more money than will the people who will supply all the materials and do all the work."Usury leaves a bad taste because it allows the rich to get richer while not actually producing anything new for thecommunity and while taking advantage of those less fortunate by making them even poorer. Let’s take this one stepfurther into fractional banking. To understand Fractional Reserve Banking it's necessary to understand where bank notescame from: In the olden times, people deposited their silver and gold money at goldsmiths (where it was safely depositedin the goldsmiths' strongboxes). In return they received a note. Over time those notes got used in trade, as they weremuch more convenient to carry around than heavy metal money - thus paper money was born. As soon as bank noteswere accepted as a means of payment, the goldsmiths/money lenders recognized that all the people who had their goldand silver money deposited at their place would never want it back at the same time (unless there is a “run on thebank”). Therefore they could lend "virtual" (and you thought cyber space was a recent invention!) money in the form ofnotes, keeping only a fraction of the "real" gold and silver money in reserve (usually around 10% of the amount lendedThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 193