Wednesday, March 25, 2020

Evolution of banks (small)

The rich had lots of gold and were able to buy with their gold whatever they wanted to buy.

For example, they used some gold to buy a year supply of bread from the baker.

The baker then gave a piece of his piece of gold to the miller for a year's supply of flour.

The miller gave some of his gold to the farmer for a year's supply of wheat.

The farmer was then able to buy his ploughs, shovels and horseshoes needed for his farming from the blacksmith.



Eventually the miner got some of this gold for selling the iron ore that he mined.

With this gold, the baker, miller, farmer, blacksmith and miner were all able to pay the carpenters for building their houses and

the shoe makers and tailors for making their shoes and clothes. Carpenters, shoemakers and tailors were also able to pay the tanners, weavers and lumberjacks for leather, cloth and wood they needed to make their products.

Most of the gold eventually returned back to the rich in the form of taxes that were paid by everyone for paying soldiers to ensure that the economy ran smoothly and securely.

In order to protect gold from being stolen, the rich paid people called "bankers" to store it for them. The bankers felt good about what they were doing. They were helping circulate wealth from where it was, from the rich, to where it needed to be, to the poor.

The bankers gave out receipts that were used by the rich to retrieve their gold whenever they needed some for buying something. Some rich people started to pay for the things that they bought with their receipts to make it more convenient for all concerned. People adopted the idea of using these receipts to buy things with instead of using the actual gold.

The banks, seeing that their receipts moved around much more and easier than the gold they were guarding, they started to print more receipts for gold than they had gold. They put pictures of their kings on these receipts and called them "money". The kings liked this idea very much and so did the banks.

The banksters eventually got out of the business of storing gold and got into the business of printing money. They realized that with money they can enslave people easier than with whips and chains.


They build schools to indoctrinate children. They were put in "kindergartens" at a very early age to be cultivated and prepared for schools for the next 13 years to be trained as obedient and useful slaves. The rich used mass media to brainwash the slaves to be complacent. Hundreds of entertainment channels were made freely available for them to passively watch. 

They built the slaves factories to work in and to earn money to put into the banks for the rich to borrow. They built the slaves trains and gave them work to dig coal mines to make the trains run and to carry them to new lands to exploit. They built the slaves roads and sold them cars and gave them work to dig oil mines to make their cars run.


And the slaves rejoiced and felt free as they drove around and crashed into each other killing and injuring themselves. 

Once they had the people enslaved, the bansters financed "politicians" that the slaves elected, believing that the politicians would represent their interests.

They got the military industrial complex and the politicians together, and brainwashed the people to chose security over freedom. Then they developed technologies that were tested out in war.

Great profits were made in selling weapons to destroy, and equipment and materials to rebuild. The thankful survivors were then given the technologies developed for the wars. In time the people forgot and began to feel that the war was all worth it.

To increase profits, the banksters started to gamble with money. Whenever they made bad speculative investments and ended up losing their investments, they convinced the governments that they were too important to be allowed to fail and got bailed out. The governments just asked the banks to print more and more money to pay for their ever increasing debts. The governments fell deeper and deeper in debt to the banksters. In time the governments became as well enslaved to the banks.

Then fortunately some very clever slaves devised a system of finance that did not need banks and their banksters at all. They used theories of mathematics dealing with cryptology that allowed numbers to be coded in such a way as to make it impossible to break the code and falsify.

They used the computer technology along with the internet that allowed world-wide communications possible between any computers. They used peer to peer technology that allowed all computers to become bookkeepers of money transactions so that in the end no one bookkeeper was able to falsify the books. Using mathematics, computers and the internet, they wrote a protocol for decentralized digital money to be transferred as easily as messages in an email.

Just like email revolutionized the sending and receiving of mail to make it easy, fast, secure and cheap, the new protocol they called "Bitcoin" revolutionized the sending and receiving of money to make it easy, fast, secure and cheap. This allowed people to become their own banks. The slaves were finally freed from their dependence on banks and the banksters.


THE END
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