Why the Goblins Control the Money (WAS: What's in Sirius' Vault?

[finwitch]

No: HPFGUIDX 60357

Debbie:

> 3.  -- Peace treaty - 
> There's also the fact that in the Middle Ages moneylending was 
looked 
> upon as an unclean profession due to a perceived Biblical 
prohibition 
> on usury, and therefore moneylending became the province of persons 
> outside the predominant Christian culture.  Since the WW had not 
> split with the Muggle world at that time, it may have been 
influenced 
> by Muggle attitudes when it allowed the goblins to take control.

Peace treaty would indeed explain part of it, and Goblin Rebellions 
are referred to. And what comes to "unclean" or socially incredited - 
there's Molly's second cousin, a squip and an accountant of whom the 
Weasley family does not speak of. Considering how enthusiastic Arthur 
is about Muggles - though he obviously doesn't know much of it - 
this "unclean" attitude about money-exhange is quite well 
established, I think.

And, also other matters: I doubt most wizards _could_ handle banking. 
It does require certain amount of logic, after all - enough to 
understand a logical system of counting exhange rates, keeping track 
of Vaults and where they are etc...

A wizard, I believe, would be _bored_ with a banking job, because 
nothing ever changes... and next thing, no one knows where Vault #311 
is again - just because the wizard got bored with 1-3-5 and makes it 
go occasionally 3-1-5 or something...

Who knows, maybe wizards did the equivalent of what Russians did when 
government was short of cash, they simply printed more money, thus 
ruining entire economy by inflation. Maybe wizards used to 
transfigure things into money (or borrow Philosopher's stone from 
Nicholas Flamel in order to have gold) - AND that's what started 
Goblin Rebellions! One example of people wanting what's worst for 
them, I suppose.

So, Goblins care for money just so that wizards don't RUIN the whole 
concept! I believe that Galleons &c. are NOT, under Goblin 
supervision, subjects to inflation.

-- Finwitch