The Murashu Family

About the year 500 B.C. in Babylonia, then under control of Persia, rose the Murashu family; they were bankers that soon afterwards became even more powerful than most states and kingdoms of the time. These bankers took advantage of those who went to see them looking for money, and they became experts at promising one thing and then charging interest rates of - say - 70% annually.

Of course, using such loan shark techniques they acquired immense wealth, including most of the properties of the city of Nippur, where they lived; the product of their particular "efforts" meant that in a few years they owned so much real estate and productive structures around the city that they virtually controlled it. It was as if someone today would become the legal owner of places like Paris or Tokyo.

And seeing that some people resisted them and were quite happy without asking for loans of any kind, they then went on to create scams to lead them into bankruptcy and thus, seize the remaining individual properties. However, it seems that such efforts finally attracted too much attention by Persian authorities, and the Murashu corporation was finally closed down in 417 B.C. Someone cooked up an anty-monopoly rule long before modern laws ever existed.

Some things just never change, so our advice for you is always to stay alert. If you make serious money, don't let greed take command of your mind. Money is best made slowly, for you have to rethink what you do constatnly, while greed is just the impulse of having none and nothing.

Article Source: http://www.articlegush.com

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