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Wednesday, October 16, 2013

9 Mind-Blowing Facts About Money

China Invented Every Form of Money

Invented every single major form of currency: shell money, metal money, paper money , and fiat currency not backed by any tangible commodities
Seized gold six centuries before Franklin Roosevelt, in order to prop up its fiat currency and prevent runaway inflation
Debt Forgiveness Is The Basis for Modern Civilization

Religions were founded on the concept of debt forgiveness.

For example, Matthew 6:12says:
And forgive us our debts, as we forgive our debtors.

Periodic times of debt forgiveness – or debt “jubilees” – were a basic part of the early Jewish and Christian religions, as well as Babylonian culture.

David Graeber, author of “Debt: The First 5,000 Years” told  Democracy Now:
If you look at the history of world religions, of social movements what you find is for much of world history what is sacred is not debt, but the ability to make debt disappear to forgive it and that’s where concepts of redemption originally come from.

Ambrose Evans-Pritchard wrote in 2009:
In the end, the only way out of all this global debt may prove to be a Biblical debt Jubilee.

Indeed, the first recorded word for “freedom” in any human language is the word for freedom from debt.

(Moreover, there is a long-standing legal principle that people should not have to repay their government’s debt to the extent that it is incurred to launch aggressive wars or to oppress the people … what is called “odious debt”).



Anonymous said...

Store your treasures in heaven where they don't rot,rust and corrupt.

Anonymous said...

Are there any Catholics in China?