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The global power of freemasonry - Gnostic Liberation Front

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In the 1810s, the freemasons had brought poverty to Europe in<br />

order to prepare for their socialist revolutions. Particularly bad was<br />

the situation on Guernsey, one <strong>of</strong> the Channel Islands. Slightly more<br />

than half the size <strong>of</strong> Jersey, it enjoys a mild and humid climate and<br />

fertile soil. People had no money to buy things, production stopped<br />

and workers went idle. <strong>The</strong>re was no trade, and no hope <strong>of</strong><br />

employment for he poor. Bankruptcy was near, since taxes to<br />

England and interest to the creditors could not be paid and no new<br />

loans were granted. <strong>The</strong> situation was desperate. People were<br />

beginning to leave the island and emigrate to Australia.<br />

In 1815, Guernsey needed a covered market. <strong>The</strong>re was no money.<br />

<strong>The</strong>n somebody proposed that the island should avail itself <strong>of</strong> its<br />

ancient prerogative and issue its own interest free money. At first<br />

the proposal was turned down, but as they urgently needed 5000<br />

pounds and only had 1000 pounds in hand, the in one pound interest<br />

free the States <strong>of</strong> Guernsey notes. This was in addition to the supply<br />

<strong>of</strong> English pounds, which two main banks were circulating on the<br />

island already.<br />

Work was begun on the market hall, everything being paid for<br />

with the new money. When the hall was finished, customers arrived<br />

and business was better than expected. By 1822 the market hall was<br />

paid for. <strong>The</strong> 4000 one-pound notes were destroyed. <strong>The</strong> first project<br />

with the new money was so successful that it was soon followed by<br />

others.<br />

In Glasgow, by comparison the original fruit market in Candleriggs<br />

was built in 1817, and cost 60 000 pounds. This money was raised by<br />

an interest-bearing loan. Unlike Guernsey public market, repaid 6<br />

years after it was built, the Glasgow market was not paid for until<br />

1956 - 139 years later! Between 1910 and 1956 no less than 267 886<br />

pounds was paid in interest alone (Olive and Jan Grubiak, "<strong>The</strong><br />

Guernsey Experiment", Hawthorne, California, 1960, p. 14).<br />

Next a new road was needed. <strong>The</strong>re was gravel, stone and plenty <strong>of</strong><br />

labour - but no money to pay for it. In all, the state issued 55 000<br />

pounds worth <strong>of</strong> notes, which paid for the new projects. A new<br />

153

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