The modern “magic” of creating money out of thin air had its roots in the ancient city of Babylon, some 600 years before the birth of Messiah. Practitioners of the craft were known historically as “money changers”, as in “change your money from your hand to mine”.
Today, adepts in the monetary black arts go by the sanitized term banker, practicing the same evils as their forebears with increasingly more sophisticated methods of robbing from the poor to give to the rich, a modern day sick and twisted Robbing Hood.
The Magic of Money
Money is “created” in a debt-based monetary system. Money only comes into being when credit is established.
You walk into a bank, borrow $250,000 for a new Ferrari, a mark is made on the bank’s ledger, and VOILA! $250,000 exist where it didn’t exist before, simply by virtue of the fact you signed your name on a piece of paper promising to pay back that sum of money.
And now, by the magic of “fractional reserve banking”, the fraudsters can now loan out 10 times that amount to other unsuspecting victims. A thing of real beauty, isn’t it?
Here’s how it all started.
From Goldsmith to Money Maker
Back in the day, goldsmiths were an honest bunch, plying their trade like any other hardworking citizen of the realm. Having the ability to safely store valuables, the goldsmith’s vault was an obvious choice that people naturally gravitated to for storage of their own gold and silver. It was much easier to hold a receipt than to carry around a ton of weight in gold and silver coin. Made your pants sag. Painted a big target on your forehead for muggers and thieves, too.
Soon, the goldsmith / banker got the bright idea to suggest to the people they could just trade the paper for their everyday purchases rather than make regular trips to the vault. Much more convenient, eh? And there’s still that ever-present highway robbery to think about. (“Muahaha” he chuckles in private, wringing his hands and licking his lips in gleeful anticipation).
For you see, the goldsmith turned banker had realized that by making the receipt payable to the bearer rather than to the individual depositor, it would be readily transferable without the need for a signature. He also realized that very few depositors ever came in at one time to demand their gold or silver.
So he began to think to himself (people hadn’t learned to think to others back then), “Why not take advantage of that little fact”? “Why not loan out more receipts than we have gold to back them and collect the interest on them? No one will be the wiser, nobody gets hurt, we get rich, and the world is indeed a very happy place”!
And thus, Fractional Reserve Banking was born. Or spawned, considering the source. And Jezebel, the bride of Baal, the Queen of Heaven, the Spirit of Babylon, dug her talons deeply into the hide of the world’s finance. And the world is indeed not a very happy place because of it.
The infographic below shows that after roughly 28 times of the fractional-reserve process, the banking system has created 9,000 dollars from the initial deposit of $1,000.
Click on the image above to open a larger version in a new window
How you ask? How do we come out of Babylon? Read this short history of the money changers’ control of nations first, then I’ll give you a couple of clues. As my Mama used to say, if the shoe fits, wear it. If the message isn’t for you, then I praise Yah you’ve begun clawing your way out of the clutches of the pervasive Babylonian system.
daily alternative | alternative news – How Modern “Commercial Law” Is Based On Ancient Babylonian Codes