Jewish Bankers vs. All Bankers

Jewish Bankers

Since Jews founded Goldman Sachs, some people assume that qualifies it as a Jewish bank, which makes it evil. I think it should be pointed out that Hank Paulson, former CEO of Goldman Sachs who became Secretary of the Treasury under Bush, I believe deliberately allowed Lehman and Bear Stearns (two of the five main investment banks) to collapse to increase Goldman Sachs’ market share. Paulson was raised as a Christian Scientist. Jews did not found UBS, Deutsche Bank, Barclays, HSBC, or J.P. Morgan (who attended Episcopal school). There has been no difference Christian and Jewish banks as they have all engaged in proprietary trading. So sorry, Jewish bankers are not the problem as it is the culture of banking at the top. Religion has nothing to do with this one.

MONLENDR

Before the Protestant Reformation, banking was exclusively a Jewish industry for Catholics had the sin of usury. Catholics who wanted to get into the banking industry funded the Protestant Reformation as their cover to take over banking. At last count, they did a pretty good job as they now represent the majority of bankers today.

Medieval bankers were merchants prior to St. Thomas Aquinas who declared money lending to be a sin in Summa Theologica, which cleared the field of Christians. The first bankers coming out of the Dark Ages were northern Italians, not Jews. There are numerous paintings of medieval bankers of the period. They were merchants. In Germany, they called bankers “Peppermen” because pepper was worth more than gold by weight.

Lucca-Oath LuccaStMartinSquare

In the Tuscan city of Lucca, the cathedral square was the center of business. In the 14th century, the moneychangers and spice dealers were required to take an oath that was inscribed upon the facade of the cathedral of San Martino. The mere fact that an oath was even imposed implies there were ethical problems previously. The oath sworn by the dealers promised they would commit “no theft, nor trick, nor falsification.”

So the point is obvious. This issue has not been confined to the “Jewish bankers” as some like to shout. This has been the inherent corruption within humanity, which knows no boundary of race, religion, or gender.

Latest Posts

When Religion Attacks Itself

Religion has always influenced economics and geopolitical events. For nearly two hundred years, the emperors of the Eastern Roman Empire, known as Byzantium, had followed the traditions of just placing [...]
Read more

Who was Francis Scott Key?

With the bridge debacle, the name Francis Scott Key has been a topic of controversy. Francis Scott Key was an American poet, author, and lawyer from Frederick, Maryland. He witnessed [...]
Read more

Good Friday & It’s History

One of my more interesting trips was to Jerusalem for Easter one year. You walk the streets of this ancient city, and they have marked the Stations of the Cross [...]
Read more

Market Talk – March 28, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 594.66 points or -1.46% to 40,168.07 Shanghai increased 17.52 points or 0.59% to 3,010.66 Hang [...]
Read more