A few excerpts from Tragedy & Hope, by Carroll Quigley [emphasis mine]:
Industrial Capitalism, 1770-1850
“Britain’s victories over Louis XIV in the period 1667-1715 and over the French Revolutionary governments and Napoleon in 1792-1815 had many causes, such as its insular position, its ability to retain control of the sea, its ability to present itself to the world as the defender of the freedoms and rights of small nations and of diverse social and religious groups. Among these numerous causes, there were a financial one and an economic one. Financially, England had discovered the secret of credit. Economically, England had embarked on the Industrial Revolution.
Credit had been known to the Italians and Netherlanders long before it became one of the instruments of English world supremacy. Nevertheless, the founding of the Bank of England by William Paterson and his friends in 1694 is one of the great dates in world history. For generations men had sought to avoid the one drawback of gold, its heaviness, by using pieces of paper to represent specific pieces of gold. Today we call such pieces of paper gold certificates. Such a certificate entitles its bearer to exchange it for its piece of gold on demand, but in view of the convenience of paper, only a small fraction of certificate holders ever did make such demands. It early became clear that gold need be held on hand only to the amount needed to cover the fraction of certificates likely to be presented for payment; accordingly, the rest of the gold could be used for business purposes, or, what amounts to the same thing, a volume of certificates could be issued greater than the volume of gold reserved for payment of demands against them. Such an excess volume of paper claims against reserves we now call bank notes.
In effect, this creation of paper claims greater than the reserves available means that BANKERS WERE CREATING MONEY OUT OF NOTHING.”
Commercial Capitalism
“The different stages of capitalism have sought to win profits by different kinds of economic activities [magic tricks]. The original stage, which we call commercial capitalism, sought profits by moving goods from one place to another. In this effort, goods went from places where they were less valuable to places where they were more valuable, while money, doing the same thing, moved in the opposite direction [distribution of wealth – a “commonwealth”]. This valuation, which determined the movement both of goods and of money and which made them move in opposite directions [creation of opposing forces], was measured by the relationship between these two things. Thus the value of goods was expressed [squeezed] in money, and the value of money was expressed [squeezed] in goods. Goods moved from low price areas to high-price areas, and money moved from high-price areas to low-price areas, because goods were more valuable where prices were high and money was more valuable where prices were low [the house always wins].
Thus, clearly, money and goods are not the same thing but are, on the contrary, exactly opposite things [opposing forces]. Most confusion [which is deliberate] in economic thinking arises from failure to recognize this fact. Goods are wealth which you have [which has been given to you and you don’t own], while money is a claim on wealth which you do not have [like I said, you don’t own, but claim to own]. Thus goods are an asset [an ass is a donkey, or the derreire]; MONEY IS A DEBT. IF GOODS ARE WEALTH; MONEY IS NOT WEALTH, OR NEGATIVE WEALTH, OR EVEN ANTI-WEALTH [ WOW! Even wealth has an anti-group, “No more wealth! No more wealth!”]. They always behave in opposite ways, just as they usually move in opposite directions [meaning out of your pocket, which has lots of holes in it anyway, and into the coffers of the magicians who created this system out of nothing]. If the value of one goes up, the value of the other goes down, and in the same proportion. The value of goods, expressed in money, is called “prices,” [that’s prizes, because they love enterprizes] while the value of money, expressed in goods, is called “value.” [from the French, valoir, or Latin, valere, because you need valour to be a bold & brave manly knight of the round casino table]
Commercial capitalism arose when merchants, carrying goods from one area to another, were able to sell these goods at their destination for a price which covered original cost, all costs of moving the goods, including the merchant’s expenses, and a profit. This development, which began as the movement of luxury goods, increased wealth because it led to specialization of activities both in crafts and in agriculture, which increased skills and output, and also brought into the market new commodities. Eventually, this stage of commercial capitalism became institutionalized into a restrictive system, sometimes called “mercantilism,” in which merchants sought to gain profits, not from the movements of goods but from restricting the movements of goods. Thus the pursuit of profits, which had earlier led to increased prosperity by increasing trade and production, became a restriction on both trade and production, because profit became an end in itself rather than an accessory mechanism in the economic system as a whole.”
Carroll Quigley understands the importance of comMERCE (from old French, merx: merchandise), merchants, and the trading of prophets for profit.
Mercury was the old god of commerce. In Latin literature he appears completely identified with the Greek Hermes Trimegistus. He was a Roman deity, the god of eloquence and feats of skill, the protector of traders and thieves, the presider over roads, the conductor of departed souls to the Lower World, and the messenger of the gods; represented in art as a young man with winged sandals and winged hat, bearing the caduceus.
“The famous Hermes TrisMagistus (Thoth of Egyptians) that Masons talk about is an Hermaphrodite. He is “three times great” meaning he is three-in-one, producing from his own male/female body a Son, the next trinity to come.”
In Greek mythology, Hermes, was the messenger of the gods, the god of science, commerce, eloquence, and many of the arts of life. In Latin, Hermes ter-maximus: Hermes thrice-greatest. He was the author of all mysterious doctrines, and especially the secrets of alchemy.
Hermaphroditus was a child of Hermes and Aphrodite, a youth portrayed in Greco-Roman art as a female with male genitals.
“One of the “obelisks” removed from Heliopolis (On) and brought to London. It sits on the Thames Embankment, casting its reflection on the water (as above, so below). London’s main banks surround it. It was originally dedicated to Thoth which is the Greek Hermes.”
A herma or herm is a sculpture (hermaphrodite obelisk) with a head and perhaps a torso above a plain, usually squared lower section, on which male genitals may also be carved at the appropriate height.
A few excerpts from Tragedy & Hope, by Carroll Quigley [emphasis mine]:
Industrial Capitalism, 1770-1850
“Britain’s victories over Louis XIV in the period 1667-1715 and over the French Revolutionary governments and Napoleon in 1792-1815 had many causes, such as its insular position, its ability to retain control of the sea, its ability to present itself to the world as the defender of the freedoms and rights of small nations and of diverse social and religious groups. Among these numerous causes, there were a financial one and an economic one. Financially, England had discovered the secret of credit. Economically, England had embarked on the Industrial Revolution.
Credit had been known to the Italians and Netherlanders long before it became one of the instruments of English world supremacy. Nevertheless, the founding of the Bank of England by William Paterson and his friends in 1694 is one of the great dates in world history. For generations men had sought to avoid the one drawback of gold, its heaviness, by using pieces of paper to represent specific pieces of gold. Today we call such pieces of paper gold certificates. Such a certificate entitles its bearer to exchange it for its piece of gold on demand, but in view of the convenience of paper, only a small fraction of certificate holders ever did make such demands. It early became clear that gold need be held on hand only to the amount needed to cover the fraction of certificates likely to be presented for payment; accordingly, the rest of the gold could be used for business purposes, or, what amounts to the same thing, a volume of certificates could be issued greater than the volume of gold reserved for payment of demands against them. Such an excess volume of paper claims against reserves we now call bank notes.
In effect, this creation of paper claims greater than the reserves available means that BANKERS WERE CREATING MONEY OUT OF NOTHING.”
Commercial Capitalism
“The different stages of capitalism have sought to win profits by different kinds of economic activities [magic tricks]. The original stage, which we call commercial capitalism, sought profits by moving goods from one place to another. In this effort, goods went from places where they were less valuable to places where they were more valuable, while money, doing the same thing, moved in the opposite direction [distribution of wealth – a “commonwealth”]. This valuation, which determined the movement both of goods and of money and which made them move in opposite directions [creation of opposing forces], was measured by the relationship between these two things. Thus the value of goods was expressed [squeezed] in money, and the value of money was expressed [squeezed] in goods. Goods moved from low price areas to high-price areas, and money moved from high-price areas to low-price areas, because goods were more valuable where prices were high and money was more valuable where prices were low [the house always wins].
Thus, clearly, money and goods are not the same thing but are, on the contrary, exactly opposite things [opposing forces]. Most confusion [which is deliberate] in economic thinking arises from failure to recognize this fact. Goods are wealth which you have [which has been given to you and you don’t own], while money is a claim on wealth which you do not have [like I said, you don’t own, but claim to own]. Thus goods are an asset [an ass is a donkey, or the derreire]; MONEY IS A DEBT. IF GOODS ARE WEALTH; MONEY IS NOT WEALTH, OR NEGATIVE WEALTH, OR EVEN ANTI-WEALTH [ WOW! Even wealth has an anti-group, “No more wealth! No more wealth!”]. They always behave in opposite ways, just as they usually move in opposite directions [meaning out of your pocket, which has lots of holes in it anyway, and into the coffers of the magicians who created this system out of nothing]. If the value of one goes up, the value of the other goes down, and in the same proportion. The value of goods, expressed in money, is called “prices,” [that’s prizes, because they love enterprizes] while the value of money, expressed in goods, is called “value.” [from the French, valoir, or Latin, valere, because you need valour to be a bold & brave manly knight of the round casino table]
Commercial capitalism arose when merchants, carrying goods from one area to another, were able to sell these goods at their destination for a price which covered original cost, all costs of moving the goods, including the merchant’s expenses, and a profit. This development, which began as the movement of luxury goods, increased wealth because it led to specialization of activities both in crafts and in agriculture, which increased skills and output, and also brought into the market new commodities. Eventually, this stage of commercial capitalism became institutionalized into a restrictive system, sometimes called “mercantilism,” in which merchants sought to gain profits, not from the movements of goods but from restricting the movements of goods. Thus the pursuit of profits, which had earlier led to increased prosperity by increasing trade and production, became a restriction on both trade and production, because profit became an end in itself rather than an accessory mechanism in the economic system as a whole.”
Carroll Quigley understands the importance of comMERCE (from old French, merx: merchandise), merchants, and the trading of prophets for profit.
Mercury was the old god of commerce. In Latin literature he appears completely identified with the Greek Hermes Trimegistus. He was a Roman deity, the god of eloquence and feats of skill, the protector of traders and thieves, the presider over roads, the conductor of departed souls to the Lower World, and the messenger of the gods; represented in art as a young man with winged sandals and winged hat, bearing the caduceus.
The first newspapers were called, “Mercury.”
https://berkshirehistory.com/articles/reading_mercury.html
From Alan Watt’s, Cutting Through series:
“The famous Hermes TrisMagistus (Thoth of Egyptians) that Masons talk about is an Hermaphrodite. He is “three times great” meaning he is three-in-one, producing from his own male/female body a Son, the next trinity to come.”
In Greek mythology, Hermes, was the messenger of the gods, the god of science, commerce, eloquence, and many of the arts of life. In Latin, Hermes ter-maximus: Hermes thrice-greatest. He was the author of all mysterious doctrines, and especially the secrets of alchemy.
Hermaphroditus was a child of Hermes and Aphrodite, a youth portrayed in Greco-Roman art as a female with male genitals.
https://en.wikipedia.org/wiki/Hermaphroditus?ysclid=mpl3bde544835008728
Again, from Cutting Through:
“One of the “obelisks” removed from Heliopolis (On) and brought to London. It sits on the Thames Embankment, casting its reflection on the water (as above, so below). London’s main banks surround it. It was originally dedicated to Thoth which is the Greek Hermes.”
A herma or herm is a sculpture (hermaphrodite obelisk) with a head and perhaps a torso above a plain, usually squared lower section, on which male genitals may also be carved at the appropriate height.
https://en.wikipedia.org/wiki/Herm_(sculpture)?ysclid=mpl2izk25y329930461
The mystery of money magic, turning lead into gold, is only known to the gods of science.