Cui bono? The transition from the government-issued tally sticks (which allowed for debt without private banks) to modern paper money and bonds (controlled by banks) was absolutely beneficial to the banking industry. - Angelos Agathangelou
Erased Century: Tally sticks, stockholder origin, Bank of England 1694, Parliament fire 1834, medieval currency, Exchequer records, King Henry I, split wood accounting, Great Stop of the Exchequer 1672 — why did they burn 726 years of financial records and accidentally destroy Parliament in the process? In this episode, we trace a currency system that built the British Empire, then vanished from memory within a single generation.