Comments by "craxd1" (@craxd1) on "Beijing Biden to Weaponize the IRS to Target Political Dissidents" video.
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Where the big money is made, is credit cards, and by banks that produce them. High interest rates creates that enormous wealth. Payday loans are worse.
This has been an ongoing problem for many long years, going back to the days of the Templars, Lombardy bankers (pawn), and a certain minority group. Here, interest ran from close to what it is today, at 30%, to as high as 200%. Philip the Fair was so far in debt, as well as the exiled pope, over their extravagant spending, that they went after the entire lot. That was a common occurrence for the monarchs back then, to kill off the bankers when they couldn't pay it back.
The Catholics, (who had been behind the Templars, along with the English monarch), and after the Order was disbanded, moved it to the Order of Malta (Knights of Malta), at the Monte di Pietà , at Malta. There, they dropped the interest to 5%, and reopened it like a Lombardy bank in 1598. Their claim was to suppress usury, though they were still guilty of doing the same thing.
What they also found, was that nobody was willing to run a bank, if no profit could be made, and that it was required, especially by the farmers. Banking was started, after all, to provide loans to purchase seed. The word, bank, originates from the old seed banks, where the next year's seed was stored.
Worse, fractional reserve lending started at about this time with the goldsmiths.
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