Saturday, February 27, 2010
Who Owns The Bank Of England?
"The essence of the contemporary monetary system is creation of money,out of nothing, by private banks"Martin Wolf,Financial Times,9th November 2010. quoted by www.positivemoney.org.uk
LATEST UPDATE - banks directors named
You ask the question, Who Owns The Bank Of England? to one thousand Britons, and I kid you not, all of them will say that it is owned by the Government.
They would be wrong.
The Bank Of England was originally a private bank, which contracted to lend money to the British Government in a financial crisis. It was privately owned at its foundation and remained so until the post-war Labour government nationalised it in 1946.
So it is owned by the government?
Here is how Wikipedia explains it.
In 1977, the Bank set up a wholly owned subsidiary called Bank of England Nominees Limited, (BOEN), a private limited company, with 2 of its 100 £1 shares issued. According to its Memorandum & Articles of Association, its objectives are:- “To act as Nominee or agent or attorney either solely or jointly with others, for any person or persons, partnership, company, corporation, government, state, organisation, sovereign, province, authority, or public body, or any group or association of them….”
Bank of England Nominees Limited was granted an exemption by Edmund Dell, Secretary of State for Trade, from the disclosure requirements under Section 27(9) of the Companies Act 1976 , because, “it was considered undesirable that the disclosure requirements should apply to certain categories of shareholders.” The Bank of England is also protected by its Royal Charter status, and the Official Secrets Act.
In other words, you and I are not allowed to know who the shareholders are who own the company which carries out Central Banking in the UK. Some people say that Mandelson's buddies, the Rothschilds are major shareholders. Also the Queen. But the information is secret. We are not allowed to know.
But what would surprise everybody is that the Bank Of England, which is entitled to issue cash, then lend it and charge interest to the government, is still essentially a private business.
What would also surprise people is so is the Federal Reserve of America a privately owned bank, and all central banks of the world, including the Bank for International Settlements (BIS) in Switzerland, which is the Central Banks' clearing house.
(For a history of central banking - http://the-tap.blogspot.com/2010/12/remember-1920s-easy-loans-big-debts.html)
If the One World Government actually had an address, this would be part of it - the B.I.S, another privately owned bank, the central bankers' central bank, beyond the control of democracy or government, able to influence events secretly from behind the scenes. One thing is for sure is that in times of financial crisis, these central banking networks become supremely powerful, as those like Gordon Brown allow their countries to become effectively indebted to the point of loss of control.
The people wielding this power see the world's financial crisis as their moment of opportunity to seize greater power. The scary part of that is that hardly a living soul even knows they exist. Now that's real power.
What's all this about?
Professor Carroll Quigley wrote a book on who ruled the the USA and Britain between 1870 and 1960, called Tragedy And Hope: A History Of The World In Our Time. His publisher MacMillan, was taken over as they first published his book, and the plates and the manuscript were destroyed. But not before a handful of them had been sold. In this book, Professor Quigley wrote -
The power of the Bank Of England and of its governor was admitted by most qualified observers. In January 1924, Reginald McKenna, who had been Chancellor Of The Exchequer in 1915-1916, as Chairman of the Board of The Midland Bank, told its stockholder:"I am afraid the ordinary citizen will not like to be told that the banks can, and do, create money...And they who control the credit of the nation direct the policy of Governments and hold in the hollow in their hands the destiny of the people."
Quigley also wrote -
..the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole."
Another book continues the story, Secret Records Revealed by Dr Dennis Cuddy -
On August 5th 1995, the New York Times published an article by Keith Bradsher, in which he wrote -
In a small Swiss city sits an international organisation so obscure and secretive...Control of the institution, the Bank for International Settlements, lies with some of the world's most powerful and least visible men: the heads of thirty-two central banks, officials able to shift billions of dollars at the stroke of a pen."
On June 28th 1998, The Washington Post published an article about the Bank for International Settlements (BIS) titled, "At Secret Meetings in Switzerland, 13 people shape the world's economy", which described these individuals as "this economic cabal...this secretive group...the financial barons who control the world's supply of money."
Quigley again -
Each Central bank sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
They are not all Jewish by the way.
Dr Stan Monteith in The Brotherhood Of Darkness (Anomolos) writes -
Anti-Semitism is a smokescreen created to conceal the identity of the true enemy.
He explains that the objective of the secretive groups is to bring about the surrender of sovereignty and of national independence.
THE BANK OF ENGLAND AND THE HISTORY OF THE UNITED STATES
The Bank of England has played a prominent role in American history -- without it, the United States would not exist.
The American colonists considered themselves loyal Englishmen to a man, but when they began to enjoy unequalled prosperity by printing and circulating their own Colonial scrip, the stockholders of the Bank of England went to George III and informed him that their monopoly of interest-bearing notes in the colonies was at stake. He banned the scrip, with the result that there was an immediate depression in the commercial life of the Americas. This was the cause of the Rebellion; as Benjamin Franklin pointed out, the little tax on tea, amounting to about a dollar a year per American family, could have been borne, but the colonists could not survive the banning of their own money.
Early descriptions of the shareholders of the Bank of England identify them as "a Society of about 1300 persons". They included the King and Queen of England, who received shares to the value of 10,000 pounds each; Marlborough, who invested 10,000 pounds -- he also invested large sums from his "commissions" in the East India Co. in 1697, and later became Governor of the Hudson Bay Company, which paid a 75% dividend; Lord Shrewsbury, who invested 10,000 pounds; Godolphin, who invested 7000 pounds -- he predicted that the Bank of England would not only finance trade, but would carry the burden of her wars, which was proven true in the next three hundred years. Virginia Cowles writes, in "The Great Marlborough": "England emerged from the war as the dominant force, because the Bank of England's credit system enabled her to bear the burden of war without undue strain."
FACTS ABOUT BANK OF ENGLAND
The Bank of England and the Rothschilds continued to play a dominant role in the commercial life of the United States, causing panics and depressions for the Rothschilds whenever their officials were instructed to do so. When the Second Bank of the United States expired in 1836, and President Jackson refused to renew it, [thus] creating great prosperity in the United States when government funds were deposited in other banks, the Rothschilds punished the upstarts by causing the Panic of 1837. As Henry Clews writes in "Twenty-Eight Years on Wall Street", p. 157: "The Panic of 1837 was aggravated by the Bank of England when it in one day threw out all the paper connected with the United States."
By refusing to credit American notes and stocks, the Bank of England created financial panic among the holders of that paper. The panic enabled Rothschild's agents, Peabody and Belmont, to reap a fortune in buying up depreciated stocks during the panic.
The Bank of England has played a prominent role in wars, revolutions, and espionage, as well as business panics. When Napoleon escaped from Elba in 1815, the London gold market jumped overnight from 4lb.6d to 5lb.7d. The leading buyer was Nathan Mayer Rothschild, who was under orders from the British Treasury to dispatch gold to the Duke of Wellington, grouping to stop Napoleon. After Waterloo, the price of gold dropped.
During the twentieth century, the most important name at the Bank of England was Lord Montagu Norman. His grandfather, George Warde Norman, had been governor of the Bank of England from 1821-1872, longer than any other man; his other grandfather, Lord Collet, was Governor of the Bank of England from 1887-89, and managing partner of Brown Shipley Co. in London for twenty-five years.
In 1894, Montague Norman was sent to New York to work in the offices of Brown Brothers; he was befriended by the W.A. Delano family, and lived with the Markoe family, partners of Brown Bros. In 1907, Norman was elected to the Court of the Bank of England. In 1912, he had a severe nervous breakdown, and was treated by [Carl] Jung in Switzerland. He became deputy governor of the Bank of England in 1916, and later served until 1944 as Governor. The Wall Street Journal wrote of him in 1927:
"Mr. M. Collet Norman, the Governor of the Bank of England, is now head and shoulders above all other British bankers. No other British banker has ever been as independent and supreme in the world of British finance as Mr. Norman is today. He has just been elected Governor for the eighth year in succession. Before the war, no Governor was allowed to hold office for more than two years; but Mr. Norman has broken all precedents. He runs his Bank and his Treasury as well. He appears to have no associations except his employees. He gives no interviews. He leaves the British financial world wholly in the thick as to his plans and ideas."
above from WASP
EARLY DAY MOTION from AUSTEN MITCHELL
Early day motion 1297
ENFORCEMENT OF BANK OF ENGLAND ACT 1694
Date tabled: 20.04.2009
Primary sponsor: Mitchell, Austin
Sponsors: Cohen, Harry Cryer, Ann Illsley, Eric McDonnell, John Taylor, David
That this House, observing that the intention of the founding Act of the Bank of England in 1694 was `that their Majesties' subjects may not be oppressed by the said corporation', notes that those subjects have been seriously oppressed by the Bank's failure to control the greed, risk-taking and speculation of the banking system over which it presides; and therefore suggests that this oppression should be dealt with as the Act provides by fines three times the value of the abusive trading.
As a hundred years have gone by now, with the move to One World Government, which were started in earnest a century ago, reaching the advanced stage, the confusion from hereon can only get much much worse. The best thing the One World Government, which does already exist, could do, is start telling the world who they are, how they got to where they are, and what they intend to do. Only then will the growing chaos of secretive groups running the world out of sight start to unravel. There are of course, many ugly secrets to be told, and some of those secrets might well be to do with this man. Why doesn't Prince Charles tell us more of what he knows?
And what is his brother Andrew up to in Khazakstan?
WASP writes -
The book I referred you to THE WORLD ORDER by Eustace Mullins, is very informative, but many of your viewers might prefer to look at a video.
I found this You Tube Interview regarding this same book.
This will round off the subject, as the words come from 'THE HORSES MOUTH' so to speak.
Consider this w/r/t paying off debt
If $1/sec paid back taking a year as 365.25 days it would take to pay back $100,000 ...... 31.5576 years
or $100,000,000 ...31,557.6 years
& so on, but this is a better way of looking at it as per video.
I believe the USA Deficit is c.a.
YOUR NAME IS ON AN I.O.U FOR MORE THAN
14.7 TRILLION DOLLARS
A million seconds have elapsed in less than 12 days
A billion seconds took more than 35 years to tick away
A trillion seconds ago was bacck in the Stone Age,
in the year 29,607B.C.