English: The expansion of $100 through fractional-reserve lending at varying rates. (Photo credit: Wikipedia)
The writers of the Bank of England Act 1694 had the intention
to avoid the serious oppression of Their Majesties’ subjects.
Hence they didn’t allow the Corporation to trade. Should it trade after all, it would have to pay as punishment:
treble the value of the trade.
In theory, this means that the BoE would have to pay the Treasury treble the value of all national and public debt bonds!
Will MPs appreciate this when they debate ‘money creation and society’ this Thursday as part of Backbench Business?
See Parliament Debate, including the link to watching the debate live .
Further info on Facebook and these Google results.
Posted in Bank of England, Cash, Creation of Money, Credit, Legalized Usury, Money, Money supply, Money Supply, Money supply inflation, Treasury money
Tagged Associated Press, Dow Jones Industrial Average, Eastern Time Zone, European Central Bank, NASDAQ, New York City, S&P 500, Standard & Poor's, United States Department of the Treasury, United States Treasury security
This 48-page booklet (1981) and this 200-page book (1986) are as fundamental as The Money Bomb (1983) – and as true and relevant today as there and then – if you want to understand how ‘money’ has changed from being a ‘medium of exchange’ to being used as a ‘tool for control’!
The title says it all: Government Debt and Credit Creation!
Posted in Austerity, Bank of England, Blind spots, Bradbury Pound, Cash, Creation of Money, Credit, Credit Creation, Debt, Economics, Government debt, Legalized Usury, Money, Money supply, Money Supply, National Debts, Public Debts
Tagged Bradbury Pound, Central bank, early day motion, Government debt, HM Treasury, Money Bomb, Money creation, Thomas Paine
The Growth of Credit over Cash since 1943
The Bradbury Pound to the Rescue!
A little known historical precedent that will stop the criminal debt-creating banksters well and truly in their tracks!
Central Banks – the Irresponsible Institutions
The completely contrived and planned global debt bubble is rapidly becoming unsustainable and will burst at some point very soon bringing with it a financial meltdown on a scale never before seen. It’s now clear from whistleblowers and researchers that the cabal that makes up the debt-creating banking elite, with their global network of central banks (including the Bank of England and the Federal Reserve) led by their little known Bank for International Settlements (BIS), has a well laid plan to collapse the world’s economy.
One World Debt-Based Currency – the mechanism for Global Slavery
The plan, using unsustainable and unlawful debt to collapse the major currencies of the world, is well advanced. It’s all about the banking elite’s long term goal to create a centralised and global electronic currency – a currency that will inevitably lead to the reality of a cashless world where complete Orwellian control decides who gets paid and who doesn’t! Continue reading
Posted in Austerity, Bradbury Pound, Cash Crumble, Challenging the Recession, Creation of Money, Issue of Currency, Legalized Usury, Money supply, Money Supply, National Debt, National Debts, Online activities, Public Debts
Tagged Bank for International Settlements, bank of england, Bradbury, British people, Central bank, government, HM Treasury, London
A tiny group of banks controls the wold’s economy
Posted: 26 Feb 2013 07:25 AM PST
The Zurich team can. From Orbis 2007, a database listing 37 million companies and investors worldwide, they pulled out all 43,060 TNCs and the share ownerships linking them. Then they constructed a model of which companies controlled others through shareholding networks, coupled with each company’s operating revenues, to map the structure of economic power.
The work, to be published in PLoS One, revealed a core of 1318 companies with interlocking ownerships (see image). Each of the 1318 had ties to two or more other companies, and on average they were connected to 20. What’s more, although they represented 20 per cent of global operating revenues, the 1318 appeared to collectively own through their shares the majority of the world’s large blue chip and manufacturing firms – the “real” economy – representing a further 60 per cent of global revenues.