6139008-History-of-Money

Christians who hated usury and money lending. They were mostly poor and brought little ready money with them fromEurope. There were no gold or silver mines so each Colony issued non interest bearing paper notes. The blessing of Godand their hard work soon enabled them to overtake the mother country in industry, commerce and wealth. The greedymoneylenders of the Bank of England soon cast covetous eyes on the Colonies. Their first attempt to destroy theAmericans with usury was made in 1765. It was called the Stamp Act. Payment of various taxes was required in specie orcoin. Since they had no English coins to pay the tax that meant that they would have to borrow at usury from the Bank.Soon they too would be reduced to penury, pauperism, and destitution like their cousins in England.Benjamin Franklin said that the American war for Independence was fought over money and currency (like every war)and the right of the Colonies to issue their own usury free currency apart from the Bank of England, i.e. the Revolutionwas caused by the Bank of England: "That is simple. In the Colonies, we issue our own paper money. It is called 'ColonialScrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In thismanner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to noone." (Benjamin Franklin on Colonial Scrip). "The Colonies would gladly have borne the little tax on tea and other mattershad it not been the poverty caused by the bad influence of the English Bankers on the Parliament, which has caused in theColonies hatred of England and the Revolutionary War." (Benjamin Franklin on Colonial Scrip) "9th. That the dutiesimposed by several late acts of Parliament, from the peculiar circumstances of these colonies, will be extremelyburthensome and grievous, and, from the scarcity of specie (coins), the payment of them absolutely impracticable." (TheDeclaration of Rights of the Stamp Act Congress)After the Revolution, the Bank of England still retained a stranglehold on the country by the chartering of theFirst Bank of the U.S. in 1791. The charter was to last for 20 years and expire in 1811. Congress refused torenew the charter and war was declared by the Bank of England in 1812. General Jackson said this aboutthe 2nd Bank of the U.S. which was re-chartered in 1816: "YOU ARE A DEN OF VIPERS AND THIEVES. IINTEND TO ROUT YOU OUT, AND BY THE ETERNAL GOD I WILL ROUT YOU OUT." And our HERO did exactly ashe promised. He refused to renew the charter of the 2nd Bank and it died an unnatural death in 1836. The people werefinally free of the Bank of England alias the "Bank" of Rome until the Civil War began in 1861. General Andrew Jacksonwas the hero of the war of 1812. He also won the war against the crooked banksters.The Bank Of North America (1781-1785)If you can't beat them, join them, might well have been his argument when arms dealer, Robert Morris suggested he beallowed to set up a Bank of England style central bank in the USA in 1781. Desperate for money, the $400,000 heproposed to deposit, to allow him to loan out many times that through fractional reserve banking, must have looked reallyattractive to the impoverished American Government. Already spending the money they would be loaned, no one made afuss when Robert Morris couldn't raise the deposit, and instead suggested he might use some gold, which had beenloaned to America from France. Once in, he simply used fractional reserve banking, and with the banks growing fortunehe loaned to himself, and his friends the money to buy up all the remaining shares. The bank then began to loan outmoney multiplied by this new amount to eager politicians, who were probably too drunk with the new 'power cash' tonotice or care how it was done. The scam lasted five years until in 1785, with the value of American money dropping likea lead balloon. The banks charter did not get renewed. The shareholder's walking off with the interest did not gounnoticed by the governor.Governor Morris: "The rich will strive to establish their dominion and enslave the rest. They always did. They alwayswill... They will have the same effect here as elsewhere, if we do not, by (the power of) government, keep them in theirproper spheres."First Bank Of The United States (1791-1811)Towards the end of the Revolution, the continental Congress, meeting at Independence Hall in Philadelphia, grewdesperate for money. In 1781, they allowed Robert Morris, their Financial Superintendent, to open a privately ownedcentral bank in the hope that this would help. Incidentally, Morris was a wealthy man who had grown wealthier during theRevolution by trading in war materials. The new bank, the Bank of North America, was closely modeled on the Bank ofEngland. It was allowed to practise (or rather, it was not prohibited from practicing) fractional reserve banking; that is, itcould lend out money it didn't have, then charge interest on it. If you or I were to do that, we would be charged withfraud-a felony. Few understood this practice at the time, and, of course, it was concealed from the public and politiciansas much as possible. Further, the bank was given a monopoly on issuing banknotes, acceptable in payment of taxes. Thebank's charter called for private investors to put up $400,000 worth of initial capital. But when Morris was unable to raisethe money, he brazenly used his political influence to have gold deposited in the bank-gold, which had been lent toAmerica by France. He then lent this money to himself and his friends to reinvest in shares of the bank. The SecondAmerican Bank War was on and the Rothschilds were behind it as was commonly known in Europe. Soon, the dangersbecame clear. The value of American currency continued to plummet. Four years later, in 1785, the bank's charter wasnot renewed, effectively ending the threat of the bank's power. Thus, the Second American Bank War quickly ended indefeat for the Money Changers. The leader of the successful effort to kill the bank was a patriot named William Findley,from Pennsylvania.The Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 247