overview on the genesis of banks
Did you ever have your thoughts and your mind went to look for the idea of money coming up? How can these essentially worthless papers control the purchase and sale of our daily supplies and our business activities? How did these worthless papers become so important that banks were created to save them, to do wars and to destroy states for them? Finally, how did the banks grow up?
We'll learn the answers to these questions through the following lines.
In the old days when a person needed a certain commodity, he used to take it from another person in exchange for giving him another commodity instead, and this was known then as the (barter system) until this system became not fit over time as a person may need a particular commodity while the other party does not have a commodity to trade.
The economists agreed to choose another system for the exchange of goods, and the agreement was to choose a particular commodity in each society that would be available to all individuals and used as a standard for other goods called "accounting money";
With the passage of time and the association of societies with each other, man tried to develop (accounting money) so that it becomes easier to deal, so he resorted to different metals and from metal to metal until he reached the most expensive of these metals which is (gold),because its value is high and fixed for any currency that can be traded.
The workers who worked in the money industry were called "money changers", and their simple, primitive tools were: a "table" on which the money was manufactured and this "table" was called "Banco" in Italian, which means "terrace", which was then developed into a bank.
This was a snapshot of the emergence of money, which was the main reason for the emergence of banks, which became one of the main instruments of the modern-day economic system.
Now let's get to know the four stages that banks have gone through to turn from a "table" on which a few money is placed into economic castles where money is saved and invested.
The first phase of the establishment of banks
When gold became official currency (accounting money) and business activity increased and wealth began to accumulate in the hands of princes, nobles and merchants, the process of preserving and transporting them became extremely dangerous;
The money was a burden on them, but they used their minds and found that none of the rich were asking for money that they were keeping, but they were adding to it and over time and experience the money changers had the experience and knowledge of the demands of princes and nobles of this money in the year and they saw that all the money requested by princes and nobles in the year is not more than 10%.
The money changers started using their intelligence and decided to take advantage of the money stored, and they started lending the 90% of the gold they had which they did not need to other people provided that they returned it to the money after a certain period for a certain interest (part of the money) taken by the money, and the money began to enter the pockets of the money from nothing without work and without capital.
The second phase of the establishment of banks
The money changers turned to open places to save the money of depositors of princes, nobles and major traders, and they called it "bank" relative to "Banco" which is the "table" on which they were standing and the banks became called the names of the owners of these "tables" such as "Bank Ahmed" and "Bank Mahmoud".
They invented the idea of "payment security", which means that if one of them buys a certain commodity, instead of going to the bank and taking money from the trader and paying his debts, which puts him at risk in the transfer of his money, the banker suggested that he could A payment order is issued directly to the bank instructing him to pay certain amounts to the traders, and this is what happened and so the traders also did so instead of going to the money exchange money they started to show (payment order) which is to write the name of the supplier on it from behind in order to go to the money and have the right to spend this amount written on the payment order and so the payment papers started moving in the market and the gold coins became locked in the drawers of the money.
The money changers went a little further, so they started thinking about how to attract more depositors for gold coins? In order to encourage people, each bank issued a number of certificates, each with a certain value of five or ten pounds of gold, and this certificate was a pledge from the bank to pay a sum of currencies to those who hold this certificate, which was then known as "Bank/Note", which ended with the Word "Banknot" which ended with the word "Banknot", so keeping a paper is easier. With a lot of gold retention until all the transactions became the paper "Banknote", it began to be treated as a currency and it is basically a bank undertaking and this situation continued to the First World War and this phase was dangerous, because the real value of the money represented by gold became under the hands of the banker and the other fictitious value in the hands of the original owners of gold.
Until other developments began, they moved from lending to governments and countries with riba and ambition to dominate the world economy, and one of the features of this phase was:
Banks have moved from just places to keep money for the wealthy into shopping malls, to all hubs of business to the point where the banking system has become a network from which no trader can escape.
Banks have begun issuing (cheques) to make it easier for depositors, and these checks with the banknote have been a paper system that has completely secured them from the need of depositors for gold.
The banks announced the granting of interest to those who deposit funds for a certain period, which made them a new segment of customers and increase their profits as: the difference between the interest of the deposit and the interest of the loan is the bank's profit.
The Rothschilds control most of the world's banks.
The Rothschild family was part of a global system of political, economic and revolutionary organizations, which made governments vulnerable to their people, lending them riba in exchange for privileges and conditions, and through these privileges this family was able to open banks in most countries of the world and the Bank of England, which was opened after the revolution, gave the Government of England a loan of $1.25 billion for:
The government should give the rothschild-owned bank the right to determine the currency rate for the state.
The government gives the bank the right to give loans to individuals worth ten times the amount of currencies in the bank's balance.
The employment of loans and insurance on installments, and interest is paid through direct taxes on the people (i.e. draining the people).
In doing so, they were able to give the bank's banking "banknote" the status of the procedure until the Rothschild banks became sovereign.
The Fourth Stage of The Genesis of The Nepouk: Turning Fraud and Crime into a Law
At this point, the Rothschildfamily found that the original owners of the golden coins might come at a time when they were demanding the money they had put in place, so they held a bretton woodes conference so that the gold owners would not demand them again in exchange for the "banknotes" they invented and met at this conference representatives of (44 countries) in order to lay the foundations of the global financial system after the Second World War and decided that the United States of America is responsible for giving gold to everyone who needs it for the amount of ($35) and that means the cancellation of the transaction. In the pound of gold, the "banknote" is recognized as a currency and that America has become an alternative to the banking and dollar as an alternative to the certificate of payment (pledge of payment), and that was the trick since the gold was not in the hands of the Americans but was in the hands of the Rothschild family and before this trick was revealed the President of the United States of America (Nixon) came out in a statement on television and stated that America will float the dollar and that it will not be able to meet its obligations .
This was a brief overview of the story of the emergence of banks, which were the main cause of their emergence, and which later evolved to take many forms working in various fields such as commercial banks, investment banks, central banks, agricultural banks, electronic banks... Etc. this is the focus of our next research which we will talk about in detail in the upcoming articles.