Hi all,
There are some conflicting views regarding the Knights Templar and their system of banking. Some say that the Knights Templar issued wooden chits which were redeemable in gold. They supposedly started issuing more chits then there was gold. That would mean the creation of a fractional reserve system, which would result in monetary inflation, which allegedly happened, causing them to wind up with the gold, thereby robbing the depositors and leaving them with worthless checks.
Then there are claims that the Knights Templar maintained a full reserve banking system and ensured the safekeeping of the money entrusted to them by depositors. That is until the King (whom owed the Knights a great deal of money) had the Templars tortured and killed.
The individual talking about the Templars and the chits was Paul A Drockton M.A. The site is http://www.moneyteachers.org/Gold-Standard.htm . In this he talks about the need to understand money, but fails to understand money based upon what he writes. Me thinks he is not so good a money teacher.
So, I am looking for more concrete information, and evidence in regard to the Knights Templar system of banking, and all monetary matters. Also more information about their rise and fall would be appreciated as well. Thanks {aM.A.
The definitive source
IMDB The Da Vinci code? LOL that didn't help.