6139008-History-of-Money

eserve and may lend out $9,000. This $9,000 is ordinarily deposited by the borrower in either the same bank or in otherbanks, which then must keep 10 per cent ($900) in reserve but may lend out the other $8,100. This $8,100 is in turndeposited in banks, which must keep 10 per cent ($810) in reserve but then may lend out $7,290, and so on. Carried tothe theoretical limits, the initial $10,000 created by the Fed is deposited in numerous banks in the banking system, givingrise (in roughly 20 repeated stages) to an expansion of $90,000 in new loans in addition to the $l 0,000 in reserves. Inother words, the banking system, collectively, multiplies the $10,000 created by the Fed by a factor of ten. However, lessthan one per cent of the banks create over 75 per cent of this money. In other words, a handful of the largest Wall Streetbanks create money as loans, literally by the hundred billion, charging interest on these loans and leaving crumbs for therest of the banks to create. But because those crumbs represent billions, too, the lesser bankers rarely grumble. Rather,with rare exceptions, they, too, support this corrupt system. In actual practice, due to numerous exceptions to the 10 percent reserve requirement, the banking system multiplies the Fed's money creation by several magnitudes over ten times(e.g., the Fed requires only three per cent reserves on deposits under approx. $50 million, and no reserves on Eurodollarsand non-personal time deposits). To return to the goldsmiths... They also discovered that ‘rowing’ the economy betweeneasy money and tight money could make extra profits. When they made money easier to borrow, then the amount ofmoney in circulation expanded. Money was plentiful, and people took out more loans to expand their businesses. But thenthe goldsmiths would tighten the money supply and make loans more difficult to obtain. What would happen? Just whathappens today. A certain percentage of people could not repay their previous loans and could not take out new loans torepay the old ones; therefore they went bankrupt and had to sell their assets to the goldsmiths or at auction for 'pennieson the dollar'. The same thing is still going on today, only now we call this up-and-down rowing of the economy, the'business cycle', or, more recently in the stock markets, 'corrections' Today banks are allowed to loan out at least tentimes the amount they actually are holding, so while you wonder how they get rich charging you 11% interest, it's not11% a year they make on that amount but actually 110% because they created the money from nothing!The Masonic Knights Templars Become the International BankLords (Banksters-Gangsters)The entire International Banking crowd roots are from the ancient pagan Temple system. The priests of Apollo, the priestsof Diana, the priests of Zeus, The priests of Artemis, The Pharisees, etc. each individual priesthood controlled thefinances. They in turn, in the years 400-1400 AD as Rome "fell", changed their names and became the old face with anew name. The priesthood of the Apollo Mysteries changed their name to Templars. KEEP THAT IN MIND the Templarspre-existed prior to them renaming themselves; their prior ORDER WAS THAT OF THE APOLLO MYSTERIES. The networkof the Apollo Temples and private FRATERNITY club had branches throughout all Europe. The complete networkpreexisted; the only thing that happened was a corporate take over and a name change. For more info, see the book"SHEKINAH PROPHECY". http://www.terravista.pt/PortoSanto/1086/fighters.htmlhttp://www.solomonstemple.com/modules.php?name=News&file=article&sid=1032Within a dozen years of the foundation of the Order, the Masonic order of the Templars had been given extensive plots ofEuropean land. They quickly had to establish an administrative structure to cope with it all. Accordingly, every region ofEurope was divided into ‘provinces’, each with its own master, and a province was further divided into ‘baillies’. The job ofthe Templar houses of Europe was to provide money and goods for the war in the east. One third of all income — in cash—was paid by these European houses to support the war effort. By the end of the 13th century there were severalhundreds of Templar houses in Europe. The vast majority was in what is now modern France, but there were also strongclusters in Portugal and western Spain, and a fair sprinkling in England and Italy. As many as 9,000 Templar holdingsstretched from the Atlantic coast to eastern Poland and from Scandinavia to Sicily. Before long the Templars foundthemselves in an unexpected role. They became the World’s first international bankers. Money in these days was gold orsilver and was simply worth its own weight, whether it be the Arab dinars or Italian solidi. Let’s suppose you planned ajourney from England to Italy. You would be reluctant to take hard cash with you. This would have been far too risky. Butwith their network of houses and castles, the Templars could give you a ‘note’ (the original bank note) as proof that youhad deposited a certain amount of money at one of their centres in England. And on presenting this same note at aTemplar house in Italy, you could draw that amount of money from there in exchange. Originally the Templars were lessconcerned with financial transactions within Europe than Europe and the Holy Land. They collected taxes in Outremer andensured such taxes safely reached their destinations. In the 12th century they loaned money to both crusaders and kings.They also acted as agents for ransom payments and the safer transfer of funds to the Holy Land for wars. By thethirteenth century, the Templars owned a fleet in the Mediterranean. Originally, this was for the transport of pilgrims fromMarseilles or La Rochelle to the Holy Land, but they also transported goods for sale or resale in the Middle East. And onthe return journey they might bring slaves or other exotic eastern specialties back to Europe. The movement of moneyand the arranging of credit facilities must have grown out of this transport of pilgrims. It was precisely these pilgrims whoneeded their money safeguarded, and who would have taken advantage of credit arrangements in the Holy Land itself.They were much happier using the Templars for this than any of the rival banking houses that quickly sprang up incompetition. The Templars could offer a better all around service. They could protect you as well as your money. And theirvows of poverty made them totally trustworthy.Kings and nobles all over Europe quickly took advantage of the Templar guarantee of safety and honesty. King Henry II ofEngland deposited many of his valuable with the London Temple — the Templar convent in London, founded 1185 whichstill stands today, just off The Strand. In 1204-5 King John even left the Crown Jewels in their safekeeping, as did issuccessor Henry III in 1261 during the Barons’ Revolt. They provided loans — for which interest was charged — to theroyal houses. In England, the Crown Jewels themselves were used as collateral to secure one particularly large loan toKing Henry. They were also the Pope’s bankers in the Holy Land, and collected taxes on his behalf. In Spain the Order hada virtual monopoly on lending money. In France the Templars were the bankers to the royal family for well over a century,The Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 221