The Fuggers German banking dynasty

1) SEC sues Ripple and two executives for selling XRP crypto: A $1.3 billion illegal security offering 12/24/2020

SEC sues Ripple and two executives for selling XRP crypto: A $1.3 billion illegal security offering

2) When There Is No Pebble Tossed — the Murky Origins of the XRP Protocol
by Bryce Weiner 12/31/2020

“How does one get added to the UNL? People ask from time to time but nobody knows.”

“Who actually created the R̶i̶p̶p̶l̶e XRP protocol? It’s almost as big a mystery as the identity of Satoshi Nakamoto.” — @BryceWeiner

Is there any connection here between the Fugger Banking family, Ryan Fugger, and Ripple?

RYAN FUGGER came up with the concept of a global, open, decentralized payment network that worked by routing through an arbitrary network of mutual credit links between participants, and called his system Ripple in 2004.  As the “Babelfish of money,” it works as a “universal translator” for all currencies, whether they are fiat, digital, or even rewards like miles.
ryanfugger.com

3) RIPPLE XRP  RYAN FUGGER SHARES HIS ANCIENT BANKING FAMILY NAME  WITH THE “BLOCKCHAIN”

@RippleLabs is thrilled to welcome former chief @WhiteHouse advisor Gene Sperling to our board of directors!
Federal Reserve Bank of St Louis vice president and research director David Andolfatto “We’re a Protocol Just Like Bitcoin” coindesk.com/federal-reserve-bank-vp-protocol-just-like-bitcoin/

1472 OF THE 1% BY THE 1% FOR THE 1%

How to stay and be rich! Inherit money for 700 years!!!

Pray them to hell

In This Picturesque Village, the Rent Hasn’t Been Raised Since 1520 Tenants in German Enclave Pray Daily, For Good Fortune and the Souls of Bankers

The Fuggerei is the world’s oldest social housing complex still in use. It is a walled enclave within the city of Augsburg, Bavaria. It takes its name from the Fugger family and was founded in 1516 by Jakob Fugger the Younger (known as “Jakob Fugger the Rich”) as a place where the needy citizens of Augsburg could be housed. By 1523, 52 houses had been built, and in the coming years the area expanded with various streets, small squares and a church. The gates were locked at night, so the Fuggerei was, in its own right, very similar to a small independent medieval town. It is still inhabited today, affording it the status of being the oldest social housing project in the world.

A multinational enterprise (MNE) is defined as any firm with plants extending across national boundaries. A multinational bank (MNB) is a bank with cross-border representative offices, cross-border branches (legally dependent) and subsidiaries (legally independent). Multinational banks are not unique to the post-war period.

From the 13th to the 16th centuries, the merchant banks of the Medici and Fugger families had branches located throughout Europe, to finance foreign trade.

Today the Fugger families had branches located throughout Europe. MNBs include the Hong Kong and Shanghai Banking Corporation (HSBC), in Hong Kong specializing in the ´China trade of tea, opium and silk.

Key Events leading to the Rise of the East India Company

1454 Pope induced to extend his blessing to the slave trade and his authority to “attack, subject and reduce to slavery the Saracens, Pagans and other “enemies of Christ.” Portugal becomes a prime user of slavery to promote its trade in sugar, to which people were becoming addicted.

1487 The Fuggers a German banking dynasty make their first loan to the Archduke of Habsburg, taking as security an interest in silver and copper mines in the Tirol. This was the beginning of an extensive family involvement in mining and precious metals.

In 1472 the Republic founded the Monte dei Paschi, a bank that is still active today and is the oldest surviving bank in the world.
Banca Monte dei Paschi di Siena S.p.A. (MPS) is the oldest surviving bank in the world. Founded in 1472 by the Magistrate of the city state of Siena, Italy, as a mount of piety, it has been operating ever since.

2015  Santander Bank comfortably passed a recent bank stress test, and that the cash-call might herald a big acquisition. Shares in Italy’s Monte Paschi bank jumped 8% on the news.  Monte Paschi, the world’s oldest bank with roots dating back to 1472, is looking for a buyer after a poor showing in the stress tests. http://www.bbc.com/news/business-30726537

The Bardi and Peruzzi families dominated banking in 14th century Florence, establishing branches in many other parts of Europe. Perhaps the most famous Italian bank was the Medici bank, established by Giovanni Medici in 1397. The oldest bank still in existence is Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.  It is followed by Berenberg Bank of Hamburg (1590). The development of banking spread from northern Italy throughout the Holy Roman Empire, and in the 16th century the position of the Medicis was eventually taken over by the Fuggers and the Welsers.

Key Events leading to the Rise of the East India Company

1454 Pope induced to extend his blessing to the slave trade and his authority to “attack, subject and reduce to slavery the Saracens, Pagans and other “enemies of Christ.” Portugal becomes a prime user of slavery to promote its trade in sugar, to which people were becoming addicted.

1487 The Fuggers a German banking dynasty make their first loan to the Archduke of Habsburg, taking as security an interest in silver and copper mines in the Tirol. This was the beginning of an extensive family involvement in mining and precious metals.

1487 – 1557 FUGGERS – the definition of old money

MULTI NATIONAL BANKS

A multinational enterprise (MNE) is defined as any firm with plants extending across national boundaries. A multinational bank (MNB) is a bank with cross-border representative offices, cross-border branches (legally dependent) and subsidiaries (legally independent). Multinational banks are not unique to the post-war period.

From the 13th to the 16th centuries, the merchant banks of the Medici and Fugger families had branches located throughout Europe, to finance foreign trade.

In the 19th century, NMBs were associated with the colonial powers, including Britain and, later on, Belgium, Germany and Japan. The well known colonial MNBs include the Hong Kong and Shanghai Banking Corporation (HSBC), Founded in 1865 by business interests in Hong Kong Specializing in the China Trade.

Those special interests were by the profiteers in the China Opium, tea and silk trade.

By the 1870’s, branches of the bank had been established throughout the Pacific basin. In 1992 the colonial tables were turned when HSBC acquired one of Britian’s major clearing banks, the Midland Bank, and HSBC moved its headquarters from Hong Kong to London before Hong Kong returned to China in 1997.

Today the Fugger families have branches located throughout Europe.

MNBs include the Hong Kong and Shanghai Banking Corporation (HSBC), in Hong Kong specializing in the ´China trade of tea, opium and silk. All the families listed are connected with the House of Guelphs, one of the original Black Nobility families of Venice, from which the House of Windsor and thus the present Queen of England, Elizabeth II, descends. The Guelphs are so intertwined with the German aristocracy through the House of Hanover that it would take several pages to mention all their connections. All (almost) European royal houses originate from the House of Hanover and thus from the House of Guelph — the Black Nobility.

The Hohenzollerns were the 15th dynasty to rule Germany and were related by marriage to all the others.

Etymology of Junk

“Chinese sailing ship,” 1610s, from Port. junco, from Malay jong “ship, large boat” (13c.), probably from Javanese djong.

Etymology of Junk Bond
Junk “worthless stuff,” mid-14c., junke “old cable or rope” (nautical), of uncertain origin, perhaps from O.Fr. junc “rush,” from L. juncus “rush, reed.” Nautical use extended to “old refuse from boats and ships” (1842), then to “old or discarded articles of any kind” (1884). The verb meaning “to throw away as trash, to scrap” is from 1916. Junk food is from 1971; junk art is from 1966; junk mail first attested 1954.

Etymology of Junker “young German noble,” 1550s, from Ger. Junker, from O.H.G. juncherro, lit. “young lord,” from junc “young” + herro “lord.” Pejorative sense of “reactionary younger member of the Prussian aristocracy” (1865) dates from Bismarck’s domestic policy.

1487 Germany

The Fuggers, a German banking dynasty make their first loan to the Archduke of Habsburg, taking as security an interest in silver and copper mines in the Tirol. This was the beginning of an extensive family involvement in mining and precious metals.

1491 Germany

The Fuggers make a loan to Maximilian.

1515 France

Paris’s Jean Gerson and Tubingen’s Conrad Summenhardt, Gabriel Biel and John Eck argued that usury occurred only when the lender intended to oppress the borrower. Eck, supported by the Fugger banking family, became famous for his book Tractates contractu quinque de centum, defending five percent as a harmless and therefore legal rate of interest as long as the loan was for a bona fide business opportunity. For these nominalists, the proper measure of usury was the intent of the borrower and lender. If they were in charity with one another, the loan was licit.

1519 Germany

One of the largest Fugger projects is the loan of 533,000 florins to Charles, the grandson of Maximillian. Charles raised a total of 852,000 florins which was spent bribing the seven electors who elected the candidate as Charles V.

1525 Germany

The Fuggers are granted the revenues from the Spanish orders of knighthood together with the profits from mercury and silver mines.

1557 Spain

The crown’s first bankruptcy.

In This Picturesque Village, the Rent Hasn’t Been Raised Since 1520. Tenants in German Enclave Pray Daily For Good Fortune and the Souls of Bankers
Jakob Fugger Bankrolled King of Spain. By the early 16th century, he had become the chief financial backer of the Habsburg family, whose members sat on thrones across Europe. He bankrolled the election of Spain’s King Charles V as Emperor of the Holy Roman Empire in 1519. The connections were good for business. The wheeler-dealer from once-sleepy Augsburg was reputed to be the richest man in Europe. Jakob the Rich hailed from a weaver-turned-merchant family that was already wealthy by the time he was born in 1459. He built an even bigger fortune running a silver-mining operation and a major trade route to Venice. He also turned to investment banking and was wildly successful, securing the Vatican as a client and financing a trade expedition to India.

1605: Reference item: Victor von Klarwill, (Ed.), The Fugger News-Letters, Being a Selection of Unpublished Letters from the Correspondents of the House of Fugger during the Years 1568-1605. (Authorized translation by Pauline de Chary) New York/London, GP Putnam’s Sons, The Knickerbocker Press, 1925.

Money is NOT the same as Currency
Public Money vs. Private Money vs. Currency vs. BITCOIN

WHY THIS IS IMPORTANT TO KNOW:
BITCOIN is not really a “crypto-currency” BITCOIN is private Money – BITCOIN is NOT private Currency
Capital controls  DO NOT apply to bitcoin Transactions

FUGGER BLOODLINE

Jackob Rugger : In This Picturesque Village, the Rent Hasn’t Been Raised Since 1520 Tenants in German Enclave Pray Daily, For Good Fortune and the Souls of Bankers
AUGSBURG, Germany — Every day, retired florist Rita Wunderle prays for the souls of bankers. Despite daily headlines about banker-fueled economic crisis and an alleged $50 billion Ponzi scheme, her 145 neighbors pray, too. Mrs. Wunderle lives in the Fuggerei, a Roman Catholic housing settlement for the poor that Jakob Fugger “The Rich” built in this southern German city nearly 500 years ago. Praying for Mr. Fugger and his descendants to enter the Pearly Gates is a condition for living here, at an annual rent of 1 Rhein guilder, the same as in 1520. In today’s money, that’s 88 euro cents, or about $1.23.
1507 to 1525: The Fuggers pay for two imperial crowns
… the 16th centuries, the merchant banks of the Medici and Fugger families had branches located throughout Europe, to finance foreign … Kong returned to China in 1997. Today the Fugger families have branches located throughout Europe. …
… to a pre-eminence comparable to that of the Medici and the Fugger in earlier centuries. Money was gold or silver. …
OH THE IRONY: CRYPTO CURRENCY AND RYAN FUGGER AND RIPPLE
2014 RYAN FUGGER SHARES HIS ANCIENT BANKING FAMILY NAME WITH THE “BLOCKCHAIN”

Meet a long lost cousin Alexander Fugger-Babenhausen a descendant of Jakob the Rich.

RYAN FUGGER came up with the concept of a global, open, decentralized payment network that worked by routing through an arbitrary network of mutual credit links between participants, and called his system Ripple in 2004.  As the “Babelfish of money,” it works as a “universal translator” for all currencies, whether they are fiat, digital, or even rewards like miles.
ryanfugger.com (original site) [interview]

@RippleLabs is thrilled to welcome former chief @WhiteHouse advisor Gene Sperling to our board of directors!
Federal Reserve Bank of St Louis vice president and research director David Andolfatto “We’re a Protocol Just Like Bitcoin” coindesk.com/federal-reserve-bank-vp-protocol-just-like-bitcoin/

RIPPLE

A global, open, decentralized payment network that worked by routing through an arbitrary network of mutual credit links between participants. A protocol used to denote the currency itself, which is also referred to as XRP. Ripple positions itself more as a system for clearing transactions free of transaction fees and delays. Ripple Labs created the Ripple protocol as a free way to move money across the globe using the power of the Internet. Ripple offers an explanation of what it means by “the future of money” in this video. Ripple is an Internet protocol that interconnects all the world’s disparate financial systems to enable the secure transfer of funds in any currency in real time — consider it an Internet for money. As settlement infrastructure, Ripple transforms and enhances today’s financial systems. Ripple unlocks assets and provides access to payment systems for everyone, empowering the world to move value like information moves today.

Ripple Backed by google=NSA=NWO=Central Banks.

Ripple, the protocol and associated XRP virtual currency are designed not as a transactional currency or even as a long-term store of value, but simply as an intermediary currency. For example, if a user in the US has funds in dollars and wants to send those funds to a user in India, where Rupees are the local currency, the traditional process would involve currency conversion fees. Using XRP, the sending user (or their bank) would exchange the dollars for XRP and then find another user on the network looking to exchange Rupees for XRP. With Rupees in hand, the transfer can be completed to the end recipient. All of this happens in seconds or minutes and at fractions of the cost of traditional wire transfers and currency conversions.  In short, Ripple is the way money transfer and bank settlements would be handled if they were invented today and not subject to decades of legacy technology, systems, and regulations.

12/13/14 Citizens Bank of Weir — or CBW IS USING RIPPLE

CBW was also one of two American banks that signed up with a Silicon Valley start-up called Ripple that is trying to pioneer a cheaper way to move money between any currencies. Most American banks use a few so-called correspondent banks to wire money overseas, requiring multiple steps, each one adding fees and eating up time. To avoid this gantlet, Mr. Ramamurthi flew to India and Mexico and struck deals with banks to accept transfers directly from CBW and deliver the money the same day. CBW offers transfers to India through a site it created called globalremit.com that charges $2.50 for the first $1,000 transferred.

ANDRESSON a RIPPLE FUNDER SAYS: The Credit Card Network is Ready for a Paradigm Shift
Corollary: Giving your credit card info to online merchant in 2014 is data equivalent of unprotected sex. For the love of God, please stop.  — Marc Andreessen (@pmarca) March 23, 2014

Peter Todd ‏@petertoddbtc — I wrote a paper analyzing the Ripple consensus algorithm: Ripple is centralized.

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