Transcript

Several mediums of exchange were used as currency. Anything precious, rare, beautiful or magical was used.

Tortoise shells
Seashells
Salts
Gold
Gems
Fine cloths

However transporting a large amount of currency such as gold could be risky.

A safe place to keep currency was needed.

Banking is born!!!

Our banks would accept deposits of gold and in return give the depositor a
certificate of deposit – money.

We soon realized that people kept the certificates and rarely demanded their gold.
We began printing more and more notes - more than we had deposits for! This is now
known as fractional banking. As long as everyone didn’t withdraw their gold at the
same time, no one was the wiser.

In this way, we We were effectively able to create money out of nothing! At enormous profits to us!

A small gold deposit allowed us to lent certificates or money over and over again.
This practice debases the currency and causes inflation, a fact we’ve been dissimulating ever since.

This comic is an excerpt from Illuminati Rex: Ruling the World for Beginners available in the Illuminati Rex Comic Book Shop.

Chris Lecours
Illuminati Rex
for disinformation purposes only