History of Money Part IV

To continue on with the history of money and who began to dominate the banking industry ever since, a goldsmith named Amshall Moses Bower opened a counting house in Frankfurt Germany in 1743. Over the door of his shop, he placed a Roman eagle on a red shield prompting people to call his shop the Red Shield Firm, which pronounced in German as "Rothschild".

His son later changed his name to Rothschild when he inherited the business. Although loaning money to individuals was profitable, he found it much more lucrative loaning money to governments and Kings. It always involved much larger amounts, and it was always secured by public taxes. He trained his five sons in the art of money creation before sending them out into the major financial centers of the world to dominate the central banking systems.

Incidently, J.P. Morgan was thought by many to be the richest man in the world during World War II, but upon his death it was discovered he was merely a lieutenant within the Rothschild empire owning only 19% of the J.P. Morgan Companies. Niall Ferguson, a 19th century French commentator said in his book "The House of Rothschild, Money's Prophets", "There is but one power in Europe and that is Rothschild".

Having conquered the European banking system, the Rothschilds set their sights on the emerging British colonies in America. There was a shortage of material for minting coins in the colonies, so they began to print their own money called Colonial Script. It gave the colonies a sense of identity and was proving to be a very successful means of exchanged for goods and services. This script was debt free paper money not backed by gold or silver.

Benjamin Franklin, on a visit to Britain in 1763, was asked by the Bank of England on why the colonies were so prosperous. Franklin replied, "That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from 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."

This was unacceptable. The colonies were demonstrating that they could be free from borrowing debt, and thus, the Bank of England. Meanwhile, the total debt of the English government soared to £140,000,000 following four costly wars. The powerful independent Bank of England, backed by the Rothschilds, used its influence on the British parliament to pass the Currency Act of 1764. This act made it illegal for the colonies to print their own money, and forced them to pay all future taxes to Britain in silver or gold.

Ben Franklin commented later, "In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such as extent that the streets of the Colonies were filled with unemployed."

He later was quoted in his autobiography, "The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."

By the time the war began on April 19th, 1775, much of the gold and silver had been taken by British taxation. They were left with no other choice but to print money to finance the war, backed of course by the Rothschilds at interest.

Of course, this is not the story we learned from our history books. Do you really think that a tea tax is something to start a war and risk death over? Is it a surprise that Paul Revere was a silversmith and would have been intimately familiar with the real reasons the colonies fired on the British on Bunker Hill?

Tomorrow, I'll continue with the next resulting wars and the aftermath. Stay tuned ...

He lends at usury and takes excessive interest.
Will such a man live? He will not! Because he has done all these detestable things, he will surely be put to death and his blood will be on his own head. Ezekiel 18:13 (NIV)

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