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.
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