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Banking 101 (twitter.com) 💊 RED PILL 💊

posted 93 days ago by penisse 93 days ago by penisse +168 / -0

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– SwampRangers 3 points 92 days ago +3 / -0

Claim: "4 moments" the debt trap was engineered: William Paterson charter, Bank of England, 1694 (infinite interest, eternal debt); [John Law charter], Banque Generale, founded 1716; [Leendert Pieter de Neufville default], Bank of Amsterdam, new liquidity 1763 (founded 1609); Robert Morris charter, Bank of North America, founded 1781.

Pretty good. The Bank of England was certainly revolutionary and an early proponent of the Mandrake Mechanism. It would be natural to conclude that those rulers who hadn't yet learned the system took time to localize it. Cheating has a very long history, but honesty has a slightly longer one.

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