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Tag Archives: interest

The Magic of Fractional Banking

Jeremiah Project Posted on March 11, 2019 by Vic BilsonJune 3, 2019

Primarily because people left their gold with the goldsmiths for safekeeping, they were to become the the first bankers in early England. The first paper money were “Receipts” for those gold deposits representing the gold in storage. These were easier to carry around, and safer, thus making paper money more popular. The goldsmiths realized, after a while, that few people ever came back to trade in their “receipts” for the gold at any one time. It was then that Goldsmiths … Continue reading →

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Posted in New World Order | Tagged federal reserve, fractional reserve banking, goldsmith, inflation, interest, manufactured crisis

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