6139008-History-of-Money

trough. Hoskins identifies his War/Peace Cycle with the 50-year "Jubilee Cycle" mentioned in the biblical book of Leviticus.Without the plague of debt with compound interest attached, there could be no "War/Peace Cycle," says Hoskins.Another consequence of having a debt/usury-based monetary system according to Hoskins is a declining birth rate. Whentypical 6% interest rates begin compounding debt over time, due to the lack of enough money to pay the existing debts,the debt-plagued native population of a given country stops reproducing due to the heavy cost of living. This in turn leadsto the influx of immigration of foreign peoples. Hoskins states that mass immigration is an absolute necessity for anyusury-based system since new money must always be borrowed into existence and the money system was continue tooperate at all costs. Immigrants represent new, debt-free borrowers and bank customers. Yet another result of a usurysystem is the complete slavery at some point when the knaves cannot pay their debts. Hoskins maintains that everyinstance of slavery abolition in recorded history can be traced to the influence of a banking systems which must keep themoney system circulating at all costs. Hence, slaves are abolished whenever the economy begins to contract and freshnew borrowers are needed to get the wheels of commerce rolling again. Writes Hoskins, "I have never encountered a casein history where slaves were freed en masse for humanitarian reasons. First usury causes high prices (inflation), thenheavy debts, a landless people, lower birth rates and declining population, and finally immigration of new peoples neededto borrow money into existence and pay taxes, or slaves are emancipated to achieve the same object." As Hoskinsrelates, a debt-free potential borrower is of far greater value than a heavily indebted native citizen.Hoskins' grasp of economic history is astounding. The reader is treated to many nuggets of his wisdom and he presentsamazingly simple, yet profound, solutions to modern economic problems based on his learning. Perhaps the mostprofound chapter in his book is the chapter entitled "Tallies & T-Bills." Hoskins takes the reader back to the year 1100A.D. when Henry I, fourth son of William the Conqueror, ascended the throne of England. Finding the treasury empty andhis needs great, he cast about for a source of income. Having wise advisors he soon hit on a plan. The plan, with a fewrefinements, remained in effect for the next 726 years and is so simple and workable that it can be reinstated tomorrow.He issued "tallies." Quoting Hoskins at length, he writes: "A tally was a stock about nine inches or so long with each of thefour sides about ½ inch wide. On two of the sides, the value of the "tally" was carved into the wood. On the other twosides, the amount was printed in ink. "The tally was then split in half lengthwise. One half remained in the treasury andthe other half was given to soldiers for their pay, to farmers for wheat, to armorers for armor, and to laborers for theirlabor. "At tax time, taxpayers were required to bring in one half of a tally to pay their taxes. Woe unto the man who didnot have the required number of tally sticks. As a consequence, these intrinsically worthless sticks of wood were in greatdemand. Gold and silver coins were fine if you traveled abroad for a crusade or something, but at home if you did nothave your tax-tally at tax time-you were done. "Upon receipt of a tally the treasurer would immediately match thepresented half with the half stored in the treasury. They had to tally-which is what gave it the name. Counterfeiters losttheir heads! Actually, it was practically impossible to counterfeit a tally. The wood grain had to match-the notches had tomatch-and the ink inscriptions had to match. This could only come about if both pieces came from the same split tallystick. "There you have it! An inexhaustible source of revenue for the government. The means were available to maketallies as long as there were trees. There was a demand as long as the government required the tallies for taxes. Thesystem flourished as long as tax-evaders and counterfeiters were punished, and they always were. For 726 years thesystem flourished."Hoskins points out that government "tally" money and "usury" money cannot exist side by side. Tally-money makesusury-money look bad because it stays constant, while usury-money expands and contracts. The advent of usury-moneyspelled the death of the tally. The process began with the Bank of England being chartered in 1694 and continues todaywith the Federal Reserve banking system. Writes Hoskins, "The government has the right to make money. It can do sowhenever it chooses. In the United States the government has authorized the Treasury to create Treasury Bills. Thesebills are created out of thin air, but they are no less real than the wooden tallies of our ancestors. The government doesn'tneed to borrow money from the banks of the Federal Reserve and have a debt of over a trillion dollars. It can makemoney instead. All it has to do is MAKE T-Bill tallies in denominations of $1, $5, $10, $20 $50, $100, and $1000. Then itcan spend them for needed government services, and tax them out of circulation again. Our ancestors did it for almostthree-fourths of a thousand years." Hoskins presents a modified system of the tally system in his book as a model to helprelieve beleaguered towns and municipalities during times of economic depression when no money is available in the Fedcontrolledeconomic system. He advises the printing of localized "scrip" for use as a monetary medium for payments ofgoods and services and taxes. With careful planning and organization, he maintains this plan can be put into effect withonly minimal costs. He documents several instances in recent history when such systems were used effectively. He alsoprovides excellent words of advice for the individual or family suffering under the burden of crushing debts. His advice onthis subject is worth the price of the book alone.In 1985, Hoskins' book announced that South Africa, at that time the warmest friend the U.S. had in Africa, would beturned into an enemy. This occurred one year later. The book projected that the Arab oil-producing world would be thenext war target-for different economic reasons. This prediction, too, has come to pass. Massive bank consolidations werepredicted, reducing the total number worldwide. Open immigration was envisioned as a practical economic necessity.Now, every locality has its immigration problems. Other things have not yet come to pass-things like widespreadmunicipal bond failures, a massive stock market collapse, widespread famine, a crackdown on dissidents, rampant civildisobedience, a religious revival, and an invasion of America by foreign armies. Logically, these things should also come intime. If they do, America will be very, very different from what it is today.Interview with Former Belgium Central Bank EconomistThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 99