9 Mind-Blowing Facts About Money

China Invented Every Form of Money

China:

• Invented every single major form of currency: metal coins, paper money, and fiat currency not backed by precious metals

• Seized gold six centuries before Franklin Roosevelt, in order to prop up its fiat currency and prevent runaway inflation

Debt Forgiveness Is The Basis for Modern Civilization

Religions were founded on the concept of debt forgiveness.
For example, Matthew 6:12 says:

And forgive us our debts, as we forgive our debtors.

Periodic times of debt forgiveness – or debt “jubilees” – were a basic part of the early Jewish and Christian religions, as well as Babylonian culture.
David Graeber, author of “Debt: The First 5,000 Years” told Democracy Now:

If you look at the history of world religions, of social movements what you find is for much of world history what is sacred is not debt, but the ability to make debt disappear to forgive it and that’s where concepts of redemption originally come from.  (more)

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