Jews got into banking because no other profession was legal for them, and gentiles were forbidden by Catholic law to get into banking. The elevation of Jews via banking didnt begin until the Knights Templar started to integrate their systems with theirs, and the Exilarchs/Kohanim (who are actually Phoenicians intermarried with the Tribe of Dan, not Judah) began to favor Jewish bankers over the Templars when it became politically dangerous to cross Philip Le Bel of France (who was anti-Templar). So there were two distinct phases of Jewish banking: pre-Templar and post-Templar. In the pre-Templar phase it was legal to refuse to pay back a Jewish loan and beat him if he insisted on payment. Kings and dukes only repaid Jewish loans if they planned on drawing more loans later and wanted to gain the Jews trust. In post-Templar banking the laws were reformed requiring payment by law (and thus began debtors prisons), and enterprising Jewish financiers also learned the trick of borrowing from gentile financiers (like Prince William of Hesse), loan that money out in the name of said gentiles, keep a portion of the interest for themselves, and pay back the gentile loans with interest. This was what elevated Meyer Rothschild from middle class coin dealer to most powerful banker in the world (managing the funds of Hesse--who at that time was the richest man in the world). Franklin understood the danger of the rising station of bankers like Rothschild though, after seeing how Nathan Rothschild was ruining several large English banking houses in competition.
Posted on: Fri, 24 Jan 2014 02:26:51 +0000
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