May 4, 1515: Reign of the Loansharks Begins
500 years ago the Pope of Rome made possible the beginning of the rule of the Money Power over the WestBy Michael Hoffmanwww.revisionisthistory.orgMedici Pope Leo XOn May 4 1515, the 500th anniversary of which was this month, Medici Pope Leo X (Giovanni di Lorenzo de’ Medici), issued a papal bull permitting interest on loans of money if the loans were to the poor.
