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Old 25-01-2010, 01:33 AM posted to aus.gardens
Jonno[_22_] Jonno[_22_] is offline
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First recorded activity by GardenBanter: Jan 2010
Posts: 91
Default OT Usury: A Short History of Banking

No it wasnt me. I would tell you.....I dont smoke. You pernicous David...
The history sounds right. But the facts may have changed...
DHS Acronym for Dickheads should delve into history a bit more.


This is my contribution. A fun read....

Concerned Australians

THE FIFTY DOLLAR NOTE

by Dennis Collins

A travelling salesman booked a room at a hotel in a little country

town, paid with a $50 note on which was some purple texta scribble,

and went off on his business


The Hotelier, things being quiet took the $50 note to the butcher and paid

off a meat bill. The butcher took the $50 note to the grocer and reduced

his debt to the grocer by that amount. The grocer took the $50 note to the

boot mender and paid for shoe repairs for himself and his family. The boot

repairer took the $50 note to the Hotelier to pay for some beer he had on

credit.

Just then the travelling salesman came in saying he couldn't stay the

night and could he have his $50 back. He is given the same texta marked

$50 note he originally gave the hotelier, and is told the story of the

series of debts which had been paid by that particular note. The salesman

smiled and said "Isn't that remarkable, and even more so because the note

is a forgery."

This forged note had in effect allowed conveniently:

The Hotelier to barter beer for meat.



The Butcher to barter meat for groceries.



The Grocer to barter groceries for shoe repairs.



The Bootmaker to barter shoe repair service for beer.

The forged $50 note simply acted as a common medium of exchange that made

the transactions simple and allowed commerce (the exchange of goods and

services) to flow easily.

The same thing could have been done with a cash

cheque even if the cheque was written against no funds just as long as

nobody banked it.

Money ought to be like the forged $50 note in the story - a servant. The

problem with our current money system relates to:

Who is creating our money

How they put it into circulation

How they remove it from circulation.

The current money system - basically 3,000 years old, uses money to

enslave through debt, and not to serve society as it should.
Food for thought.