Who owns the Bank of England

By Dark Politricks

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” – Woodrow Wilson, after signing the Federal Reserve into existence

The Bank of England was created in 1694 by a Scotsman William Paterson who famously said:

The bank hath benefit of interest on all moneys which it creates out of nothing. – William Paterson

Up until 1946 when it was nationalised the Bank of England was a private run bank that lent money it created out of nothing to the English government and was paid back with interest. A famous story related to the bank and the Rothschilds is the Battle of Waterloo in which Nathan Rothschild used his inside knowledge of the outcome to play the market by selling his English bonds and giving the impression that the French had won therefore causing a rush by other brokers to sell quickly which drove the price down to 5% of their original worth. Once the bottom had dropped out the market he then re-bought as much as he could and in doing so he multiplied his wealth twenty times in 3 days of trading. At the same time of being immensely wealthy he also became the single largest debtor to the English government which ultimately gave him control over the bank of England.

English bonds were a debt guaranteed by future tax revenue of the English government, therefore the taxes the citizens paid were going to pay the 8% interest that the English government had to pay to borrow the money. As Nathan now controlled the majority of the English bonds he could determine the price and therefore the supply of the English currency which gave him great power over the countries finances.

“I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain’s money supply controls the British Empire and I control the British money supply.” – Nathan Rothschild

The bank of England was nationalised in 1946 but because the government was broke after the second world war they had no money to buy out the shareholders so instead they were issued with government stocks and although the government now earned money from the profits they had to pay interest on any new stock they issued to pay for the shares.

n 1977, the Bank set up a wholly owned subsidiary called BANK OF ENGLAND NOMINEES LIMITED, a private limited company with 2 of its 100 £1 shares issued. The objectives of the company 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….”

This company is very special as its protected by the official secrets act, its Royal Charter status and is exempt from the normal disclosure requirements that other companies have to comply with to meet section 27 of the Companies Act 1976. The reason being is that the major players in the world of finance including the Queen of England and other Royal families use this company to purchase shares and remain anonymous.

However even though the Bank of England is now state owned its important to note that up to 97% of the UK’s money supply is privately controlled being in the form of interest bearing loans created by the big commercial banks. The bank holds very little government stock and the Bank’s profits primarily come from the issuing of coins and notes for use by high street banks. Therefore it seems the BOE has reduced in size and importance over the years and is now mainly a regulatory body that oversees the existing banking system. Referred to as “the lender of last resort” one of its main functions as the bankers bank is to support banks that get into difficulty such as during the recent financial melt down.

On the surface at least it seems that the Bank of England has returned to state control however in America the Federal Reserve is still a privately controlled bank. The history of the US banking system has been one in which control of the money supply has alternated between Congress and privately owned banks and the founding fathers and early presidents of the USA were very much aware of the dangers concerning who controlled the nations money supply.

“[The] Bank of the United States… is one of the most deadly hostility existing, against the principles and form of our Constitution… An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?” –Thomas Jefferson

“We began planning the Revolutionary War in order to issue our own money again” – Benjamin Franklin

“I sincerely believe… that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” – Thomas Jefferson

“Banking was conceived in iniquity, and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of a pen, they will create enough money to buy it back again. Take this great power away from them, and all great fortunes like mine will disappear. And, they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be the slaves of the bankers, and pay the cost of your own slavery, then let bankers continue to create money, and control credit.” – ABRAHAM LINCOLN

“Whoever controls the volume of money in our country is absolute master of all industry and commerce…when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” – James Garfield

The following video takes a look at how after a contrived banking crisis the Federal Reserve came to being during the dead of night in 1913.

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One Response to “Who owns the Bank of England”

  1. uberVU - social comments Says:

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    This post was mentioned on Twitter by darkpolitricks: New article on darkpolitricks: Who owns the Bank of England http://bit.ly/6WU8rO #Money #History #FED…

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