Michael Maardt has copied, edited and added to this brilliant article by Preston McNutt
The modern "magic" of creating money out of thin air has its roots in the ancient city of Babylon, some 600 B.C. 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.
"Listen very carefully. I shall say this only once!" 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.
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.
How you ask? How do we come out of Babylon? I'll give you a couple of clues, after you read this short history of the money changers' control of nations:
Around 50 B.C. Julius Caesar took control of the monetary system of the realm by minting coins to be used in daily commerce. With a plentiful supply of real money, the kingdom prospered, business flourished and everyone benefited. Everyone but the money changers that is, whose livelihood was turned upside down as their control over the nation's finance was stripped out from under them. Their power would not lie long dormant however. They set about scheming to retake control, and Caesar was assassinated shortly after. It wasn't long that corruption returned, taxes increased and the money supply was reduced by 90%, causing businesses to fail, people lost homes and lands, and poverty became the norm. Sound familiar? As an aside, the U.S. dollar has lost over 96% of its purchasing power since 1913 when the money changers (Federal Reserve) first took control of America's money system.
30 A.D. Yahshua stormed the Temple with righteous anger, overturning the money changers' tables and whipping them severely about the head and shoulders to run them out of the Temple, declaring "make not my Father's house an house of merchandise." These same money changers called for His death days later.
1000 A.D. The money changers had long ago discovered that control over a fraudulent money supply not only gave them control over the assets of the people, but in a very real way, control over the government of the people.
Here's how they learned to make money on the backs of the people with the sanction of their own government.
Let's say the goldsmith pays you, the depositor, 5% interest on gold you have deposited with him. He then charges you 5% interest for the "money", or the receipts he loans you in return. A wash, right? Well, sort of. Except he now lends out ten times in fraudulent receipts what you have deposited with him. You earn 5% while he's earning 50%. ON YOUR GOLD! Did I say earn? Sorry. It's theft, pure and simple.
They exacted their control by a process of easy money/tight money cycles. By making money easy to borrow, the amount of money in circulation is increased. When the money grubbers, err…changers are satisfied enough suckers have taken the bait, the trap is sprung. Suddenly money supply is tightened. They make loans difficult or impossible to get which results in a decrease of money in circulation.
The end result was that a percentage of the people would be unable to repay their loans and being unable to make new loans, they went bankrupt, forced to sell their assets to the lenders for pennies on the dollar. This trick is still being used to suck the financial life blood out of the people of the world to this day.
It's called by sophisticated words like "boom and bust", "the business cycle", "inflation", "recession", "depression" and it keeps you and me confused and blind to their dark magic. The language has changed, but the fraud is the same as it always has been. And the world is indeed a much less happy place for it.
1100 A.D. The reign of King Henry I brings a new form of money that stripped the money changers of their unrighteous dominion over people and nations that lasted for over 700 years. He created a currency called a tally stick. It was a stick of polished wood with notches cut along one side, the number of which indicated the denomination of the amount of money represented by the stick. It was then split lengthwise with each half bearing identical notches.
One half went into circulation, the other half was kept by the king. It made counterfeiting impossible. The system was a huge success, as the King's taxes were to be paid by tally stick, which increased circulation and assured its acceptance as a legitimate form of money. It also kept the money changers from gaining control of the money supply. Which didn't sit well with them for a very long time. And the world was indeed a much happier place. More on the money changers in a future essay, which will deal more specifically with a certain Mr. Amschel Mayer Bauer and his progeny.
Meanwhile, back to the question of How To Come Out Of Babylon. Very simply in the words of our old friend Kaye Large – ADMIT IT AND QUIT IT! You certainly can't "Come out of Babylon" if you don't admit you're in it!
Your true friend and brother,
Preston
Shalom
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