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The Secret History of Money

The Secret History of Money



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Published by tallystick
Most of us using money don't realise we are paying a hidden tax to a privately owned company for the privilege of having cash in our pockets. While using money has become a vital part of life, behind the scenes a system has been devised by a small elite group of people allowing them to profit from each and every transaction we make. The Secret History of Money direct URL is http://www.scribd.com/doc/7505858/The-Secret-History-of-Money ... You can download as PDF or other printer friendly format.
Most of us using money don't realise we are paying a hidden tax to a privately owned company for the privilege of having cash in our pockets. While using money has become a vital part of life, behind the scenes a system has been devised by a small elite group of people allowing them to profit from each and every transaction we make. The Secret History of Money direct URL is http://www.scribd.com/doc/7505858/The-Secret-History-of-Money ... You can download as PDF or other printer friendly format.

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Published by: tallystick on Oct 24, 2008
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 Most of us using money don't realise we are paying a hiddentax to a privately owned company for the privilege of havingcash in our pockets. While using money has become a vital part of life, behind the scenes a system has been devised by asmall elite group of people allowing them to profit from eachand every transaction we make.Because money affects almost every aspect of our lives, how itworks is something we should all be interested inunderstanding further, however we are mostly discouragedfrom doing this by experts, who assure us the topic is much toocomplicated for most of us to grasp.Our accepting this leaves the whole subject largely unexplored,and allows those who do know to carry on unquestioned. As aresult it is estimated that only one person in a thousand actuallyunderstands how money is created.Reading this will not make you a financial wizard, but it willmake you a 'one in a thousand' and hopefully in time help toraise the odds in favour of a better world.Far from being just entertaining this should leave you with thedesire to withdraw your support and begin something new. Tosatisfy this natural desire we include some suggestions, butfirst let's see how it was done.To understand how money is created and how this couldchange read on...."History records that the money changers have used everyform of abuse, intrigue, deceit, and violent means possible tomaintain their control over governments by controlling moneyand its issuance."President James MadisonMoney, money, money, it's always just been there, right?Wrong.Obviously it's issued by the government to make it easy for usto exchange things. Wrong again!Truth is most people don't realise that the issuing of money isessentially a private business, and that the privilege of issuingmoney has been a major bone of contention throughout history.Wars have been fought and depressions have been caused inthe battle over who issues the money; however the majority of us are not aware of this, and this is largley due to the fact thatthe winning side became and increasingly continues to be avital and respected member of our global society, having aninfluence over large aspects of our lives including our education, our media and our governments.While we might feel powerless in trying to stop themanipulation of money for private profit at our expense, it iseasy to forget that we collectively give money its value. Wehave been taught to believe printed pieces of paper havespecial value, and because we know others believe this too, weare willing to work all our lives to get what we are convincedothers will want.An honest look at history will show us how our innocent trusthas been misused.Let's start our exploration of money with:
JESUS FLIPS (many coins) 33 A.D.
 Jesus was so upset by the sight of the money changers in thetemple, he waded in and started to tip over the tables and drivethem out with a whip, this being the one and only time we ever hear of him using force during his entire ministry.So what caused the ultimate pacifist to become so aggressive?For a long time the Jews had been called upon to pay their temple tax with a special coin called the half shekle. It was ameasured half ounce of pure silver with no image of a paganemperor on it.It was to them the only coin acceptable to God.But because there was only a limited number of these coins incirculation, the money changers were in a buyers market andlike with anything else in short supply, they were able to raisethe price to what the market would bare.They made huge profits with their monopoly on these coinsand turned this time of devotion into a mockery for profit.Jesus saw this as stealing from the people and proclaimed thewhole setup to be. "A den of thieves".Once money is accepted as a form of exchange, those who produce, loan out and manipulate the quantity of money areobviously in a very strong position. They are the "MoneyChangers".
MEDIEVAL ENGLAND (1000 - 1100 A.D.)
 Here we find goldsmith's offering to keep other people's goldand silver safe in their vaults, and in return people walkingaway with a receipt for what they have left there.These paper receipts soon became popular for trade as theywere less heavy to carry around than gold and silver coins.After a while, the goldsmith's must have noticed that only asmall percentage of their depositor's ever came in to demandtheir gold at any one time. So cleverly the goldsmith's madeout some receipts for gold which didn't even exsist, and thenthey loaned it out to earn interest.A nod and a wink amongst themselves, they incorporated this practice into the banking system. They even gave it a name tomake it seem more acceptable, christening the practice'Fractional Reserve Banking' which translates to mean, lendingout many times more money than you have assets on deposit.Today banks are allowed to loan out at least ten times theamount they actually are holding, so while you wonder howthey get rich charging you 11% interest, it's not 11% a year they make on that amount but actually 110%.
THE TALLY STICKS (1100 - 1854)
 King Henry the First produced sticks of polished wood, withnotches cut along one edge to signify the denominations. Thestick was then split full length so each piece still had a recordof the notches.The King kept one half for proof against counterfeiting, andthen spent the other half into the market place where it wouldcontinue to circulate as money.Because only Tally Sticks were accepted by Henry for paymentof taxes, there was a built in demand for them, which gave people confidence to accept these as money.
He could have used anything really, so long as the peopleagreed it had value, and his willingness to accept these sticksas legal tender made it easy for the people to agree. Money isonly as valuable as peoples faith in it, and without that faitheven today's money is just paper.The tally stick system worked really well for 726 years. It wasthe most successful form of currency in recent history and theBritish Empire was actually built under the Tally Stick system, but how is it that most of us are not aware of its existance?Perhaps the fact that in 1694 the Bank of England at itsformation attacked the Tally Stick System gives us a clue as towhy most of us have never heard of them. They realised it wasmoney outside the power of the money changers, (the verything King Henry had intended).What better way to eliminate the vital faith people had in thisrival currency than to pretend it simply never existed and notdiscuss it. That seems to be what happened when the firstshareholder's in the Bank of England bought their originalshares with notched pieces of wood and retired the system. Youheard correctly, they bought shares. The Bank of England is a privately owned bank which was actually set up by investors buying shares.These investors, whose names were kept secret, were meant toinvest one and a quarter million pounds, but only three
of a million was received when it was chartered in1694.It then began to lend out many times more than it had inreserve, collecting interest on the lot.This is not something you could just impose on people without preparation. The money changers needed to created the climateto make the formation of this private concern seem acceptable.Here's how they did it.With King Henry VIII relaxing the Usury Laws in the 1500's,the money changers flooded the market with their gold andsilver coins becoming richer by the minute.The English Revolution of 1642 was financed by the moneychangers backing Oliver Cromwell's successful attempt to purge the parliment and kill King Charles. What followed was50 years of costly wars. Costly to those fighting them and profitable to those financing them.So profitable that it allowed the money changers to take over asquare mile of property still known as the City of London,which remains one of the three main financial centres in theworld today.The 50 years of war left England in financial ruin. Thegovernment officials went begging for loans from guess who,and the deal proposed resulted in a government sanctioned, privately owned bank which could produce money fromnothing, essentially legally counterfeiting a national currencyfor private gain.This privately owned bank was and still is known as The Bank of England. Now the politicians had a source from which to borrow all themoney they wanted to borrow, and the debt created wassecured against public taxes.You would think someone would have seen through this, andrealised they could produce their own money and owe nointerest, but instead the Bank of England has been used as amodel and now nearly every nation has a Central Bank whichis privately controlled.These central banks have the power to take over a nationseconomy and become that nations real governing force. Whatwe have here is a scam of mammoth proportions covering whatis actually a hidden tax, being collected by private concerns.The country sells bonds to the bank in return for money itcannot raise in taxes. The bonds are paid for by money produced from thin air. The government pays interest on themoney it borrowed by borrowing more money in the sameway. There is no way this debt can ever be paid, it has and willcontinue to increase.If the government did find a way to pay off the debt, the resultwould be that there would be no bonds to back the currency, soto pay the debt would be to kill the currency.With its formation the Bank of England soon flooded Britainwith money. With no quality control and no insistence on valuefor money, prices doubled with money being thrown in everydirection.One company was even offering to drain the Red Sea to findEgyptian gold lost when the sea closed in on their pursuit of Moses.By1698 the national debt expanded from £1,250,000 to£16,000,000 and up went the taxes the debt was secured on.As hard as it might be to believe, in times of economicupheaval, wealth is rarely destroyed and instead is often onlytransferred. And who benefits the most when money is scarce?You may have guessed. It's those controlling what everyoneelse wants, the money changers.When the majority of people are suffering through economicdepression, you can be sure that a minority of people arecontinuing to get rich.Even today the Bank of England expressess it's determinationto prevent the ups and downs of booms and depressions, yetthere have been nothing but ups and downs since its formationwith the British pound rarely being stable.One thing however has been stable and that is the growingfortune of:
 A goldsmith named Amshall Moses Bower opened a countinghouse in Frankfurt Germany in 1743. He placed a Roman eagleon a red shield over the door prompting people to call his shopthe Red Shield Firm pronounced in German as "Rothschild".His son later changed his name to Rothschild when heinherited the business. Loaning money to individuals was allwell and good but he soon found it much more profitableloaning money to governments and Kings. It always involvedmuch bigger amounts, always secured from public taxes.Once he got the hang of things he set his sights on the world bytraining his five sons in the art of money creation, beforesending them out to the major financial centres of the world tocreate and dominate the central banking systems.J.P. Morgan was thought by many to be the richest man in theworld during the second world war, but upon his death it wasdiscovered he was merely a lieutenant within the Rothschildempire owning only 19% of the J.P. Morgan Companies."There is but one power in Europe and that is Rothschild."
19th century French commentator We will explore a little more about the richest family a littlelater, after we've had a look at:
 By the mid 1700's Britain was at its height of power, but wasalso heavily in debt.Since the creation of the Bank of England, they had sufferedfour costly wars and the total debt now stood at £140,000,000,(which in those days was a lot of money).In order to make their interest payments to the bank, the Britishgovernment set about a programme to try to raise revenuesfrom their American colonies, largely through an extensive programme of taxation.There was a shortage of material for minting coins in thecolonies, so they began to print their own paper money, whichthey called Colonial Script. This provided a very successfulmeans of exchange and also gave the colonies a sense of identity. Colonial Script was money provided to help theexchange of goods. It was debt free paper money not backed by gold or silver.The Bank of England asked Benjamin Franklin how he wouldaccount for the new found prosperity in the colonies. Franklinreplied."That is simple. In the colonies we issue our own money. It iscalled Colonial Script. We issue it in proper proportion to thedemands of trade and industry to make the products pass easilyfrom the producers to the consumers.In this manner, creating for ourselves our own paper money,we control its purchasing power, and we have no interest to pay to no one."Benjamin FranklinAmerica had learned that the people's confidence in thecurrency was all they needed, and they could be free of  borrowing debts. That would mean being free of the Bank of England.In Response the world's most powerful independent bank usedit's influence on the British Parliment to press for the passingof the Currency Act of 1764.This act made it illegal for the colonies to print their ownmoney, and forced them to pay all future taxes to Britain insilver or gold.Here is what Franklin said after that."In one year, the conditions were so reversed that the era of  prosperity ended, and a depression set in, to such an extent thatthe streets of the Colonies were filled with unemployed."Benjamin Franklin"The colonies would gladly have borne the little tax on tea andother matters had it not been that England took away from thecolonies their money, which created unemployment anddissatisfaction. The inability of the colonists to get power toissue their own money permanently out of the hands of GeorgeIII and the international bankers was the PRIME reason for theRevolutionary War." Benjamin Franklin's autobiographyBy the time the war began on 19th April 1775 much of the goldand silver had been taken by British taxation. They were leftwith no other choice but to print money to finance the war.What is interesting here is that Colonial Script was actuallyworking so well, it became a threat to the established economicsystem of the time.The idea of issuing money as Franklin put it "in proper  proportion to the demands of trade and industry" and notcharging any interest, was not causing any problems or inflation. This unfortunatley was alien to the Bank of Englandwhich only issued money for the sake of making a profit for it'sshareholder's.
 If you can't beat them, join them, might well have been hisargument when arms dealer, Robert Morris suggested he beallowed to set up a Bank of England style central bank in theU.S.A. in 1781.Desperate for money, the $400,000 he proposed to deposit, toallow him to loan out many times that through fractionalreserve banking, must have looked really attractive to theimpoverished American Government.Already spending the money they would be loaned, no onemade a fuss when Robert Morris couldn't raise the deposit, andinstead suggested he might use some gold, which had beenloaned to America from France.Once in, he simply used fractional reserve banking, and withthe banks growing fortune he loaned to himself, and his friendsthe money to buy up all the remaining shares. The bank then began to loan out money multiplied by this new amount toeager politicians, who were probably too drunk with the new'power cash' to notice or care how it was done.The scam lasted five years until in 1785, with the value of American money dropping like a lead balloon. The bankscharter did not get renewed.The shareholder's walking off with the interest did not gounnoticed by the governor."The rich will strive to establish their dominion and enslave therest. They always did. They always will... They will have thesame effect here as elsewhere, if we do not, by (the power of)government, keep them in their proper spheres."Governor Morris
It worked once, it will work again. It's been six years. Thereare a lot of new hungry politicians. Let's give it a try. And sothere it was, in 1791, the First Bank of the United States(BUS). Not only deceptively named to sound official, but alsoto take attention away from the real first bank which had beenshut down.It's initials however gave a clear indication that Americanswere once again being taken for a ride. And true to it's Britishmodel, the name of the investors was never revealed.Having gotten away with it a second time, some of them probably wished Amshall Rothschild had picked a differenttime to make his pronouncement from his private central bank in Frankfurt."Let me issue and control a nations money and I care not whowrites the laws."Amshall Rothschild Not to worry, no one was listening, the American government borrowed 8.2 million dollars from the bank in the first 5 years

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