| Benjamin Franklin wrote of the British colonies in North America in the 1750s: "Nowhere on Earth does one find a happier and more well-being people." He explained that this was due to that "we in the colonies make our own currency," called "colonial scrip." He further explained: "By issuing our own currency we can control its buying power, and we are not obliged to pay interest to anyone." In these British colonies in New England, there was a wealth contrasting sharply to the poverty and misery in England. There was enough money, and it was definitely interest free. When the Masonic bankers in England heard Franklin's speech to the British Parliament, they made sure that Parliament forbade the colonies to use their own financial system and instead demanded they use interest money in gold and silver. |
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