creditslips.org/creditslips/ The subheading An Incomplete History of Usury Regilation is what matters, let us review Johanna Nelson (a) every religion and moral authority has been anti usury and yet we now live by it. Why? (b). Henry the VIII threw off the English Catholic Church and created C of E (Church of England). Due to his love of extravagant castles and his repeated wars with France, he had debased the currency. When his daughter Elizabeth came to the throne, England was bing left behind in the race to stake a claim in the new world. Elizabeth,like her father renounced the authority of the papacy and was thus image aid of their threats, and for the first time in the history of a major European usury in the act if 1557, but limited it to 10% (the traditional tithe in Biblical terms. This allowed the financing of English privateers and free booters to finance ships and stake English claims in the news world. When it is said the U.S. was built on debt, it literally was! The willingness to compete in the New World against Catholic Spain and Portugal, her willingness to accept usury to do it, and her beheading of Catholic Mary of Scotland (her cousin) was to make Elizabeth hated by the Catholics, with many comparisons to the harlot of Babylon etc. but she had proved the worth of using an asset while you pay for it. Soon, most wars would be financed by a money lending class, including our revolution, and leading to the Constitutional prohibition against EVEN QUESTIONING the need fir us to pay our debts. At times of war, the ability to borrow can be the difference between survival or not.
Posted on: Fri, 27 Jun 2014 08:55:34 +0000
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