LESSON V (A LOOK BACK AT MONEY AS RELATED TO THE COLONIES AND ENGLAND)
By the mid 1700's Britain was at its height of world power but was also heavily in debt. Part of this debt was incurred in “The French and Indian War.”
Since the creation of the Bank of England in 1694 by William Paterson, England had suffered four costly wars and the total debt stood at £140,000,000. (BANKERS LOVE WARS—WE HAVE BEEN AT IT FOR 23 CONSECUTIVE YEARS—ACCUMULATING MASSIVE DEBT IN THE PROCESS)
*Please note: Bank of England Founder William Paterson had this to say about his bank: “The bank hath benefit of interest on all monies which it creates out of nothing.” Sounds exactly like the Federal Reserve.
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