With
the enactment of the privately owned central
bank, the Bank of England provided
the model for the financial enslavement of governments, and their
citizens. Well before
the conflict for establishing a
National Bank in America or the eventual surrender to the money changers
with the betrayal
in instituting the Federal Reserve,
the history of the Bank of England needs to be studied. Relying on
British historians
may seem to invoke a cultural bias;
however, the range and wealth of information on this topic comes from an
earlier age.
Further research will expand this
understanding and many of the sources cited can fulfill this objective.
For purposes of a mainstream account, the official site of the Bank of England
provides a flowery version about the background and purported success
of the scheme proposed by “William
Paterson, envisaged a loan of
£1,200,000 to the Government, in return for which the subscribers would
be incorporated
as the "Governor and Company of the
Bank of England". Although the new bank would have risked its entire
capital
by lending it to the Government, the
subscription proved popular and the money was raised in a few weeks.
The Royal Charter
was sealed on 27 July 1694, and the
Bank started its role as the Government's banker and debt-manager, which
it continues
today.”
“The bank hath benefit of interest on all moneys which it creates out of nothing.”
–
William Paterson
THE FORMATION OF THE BANK OF ENGLAND by Halley Goodman provides a detailed and well sourced chronicle and background.
“The
goldsmiths evolved to become the original
private bankers of the time. Since
goldsmiths already had as part of their trade private stores of gold
and stout vaults
to store them in, entrepreneurs
could entrust their own gold to them for safe keeping, for a fee, and
receive a paper receipt
for the deposit. The goldsmiths
could then lend monies against these deposits for an additional fee. Mr.
Hartley Winters declares
that “some ingenious goldsmith
conceived the epock-making notion of giving notes…and so founded modern
banking.”
Merchants would deposit “their money
with the goldsmiths and received from them receipts” that “…were
payable on demand, and were
transferred from one holder to another in payment of debts.” These
receipts or notes from
the goldsmith bankers, often in the
form of a letter, are some of the earliest surviving cheques in England.
Given the economic
realities of the time, although
deposits provided the funds for their business, most of the clients of
these goldsmith bankers
were usually borrowers rather than
depositors.”
From
such humble origins, the foundation was laid to invent a central bank
that would create money out of thin air
and loan it at interest to the
government, who lost it sovereignty for making this Faustian bargain.
The Charter of the Bank of England (1694) with the Great Seal of William and Mary. The first usury central bank
to be incorporated in England.
The Bank of England account, published by Cassell, Petter & Galpin cites a rocky start and opposition from the goldsmiths.
“In
1696 (very soon
after its birth) the Bank
experienced a crisis. There was a want of money in England. The clipped
silver had been called in,
and the new money was not ready.
Even rich people were living on credit, and issued promissory notes. The
stock of the Bank
of England had gone rapidly down
from 110 to 83. The goldsmiths, who detested the corporation that had
broken in on their
system of private banking, now tried
to destroy the new company. They plotted, and on the same day they
crowded to Grocers'
Hall, where the Bank was located
from 1694 to 1734, and insisted on immediate payment—one goldsmith alone
demanding
£30,000. The directors paid all
their honest creditors, but refused to cash the goldsmiths' notes, and
left them their
remedy in Westminster Hall. The
goldsmiths triumphed in scurrilous pasquinades entitled, "The Last Will
and Testament,"
"The Epitaph," "The Inquest on the
Bank of England."
It did not take long for the Jewish bankers to set their sights on Paterson’s bank and
financers for the English regime. Brother Nathanael Kapner adds his audacious viewpoints.
“The new King
William III soon got England involved in costly wars against Catholic
France which
put England deep into debt. Here was
the Jewish bankers’ chance to collect. So King William, under orders
from the Elders
of Zion in Amsterdam, persuaded the
British Treasury to borrow 1.25 million pounds sterling from the Jewish
bankers who had
helped him to the throne.
Since
the state’s debts had risen dramatically, the government had no choice
but to accept. But there were
conditions attached: The names of
the lenders were to be kept secret and that they be granted a Charter to
establish a Central
Bank of England. Parliament accepted
and the Jewish bankers sunk their tentacles into Great Britain.”
Actual control of the fiat central bank is discussed
in Who owns the Bank of England?
“A
very
famous story relates to the Bank of
England and the infamous Rothschilds, that all powerful banking family.
This story was
re-told recently in a BBC
documentary about the creation of money and the Bank of England.
It revolves around the Battle of Waterloo in which
Nathan Rothschild used his inside knowledge of the outcome and his faster horses and couriers to play the market by getting the result of the battle before anyone else
knew the outcome.
He
quickly sold his English bonds and
gave all the traders who looked to him for guidance the impression that
the French had
won at Waterloo.
The
other traders all rushed to sell
their bonds before the market crashed thinking that they were now
worthless and a massive
fire-sale occurred as brokers
clamered to get rid of their stock. This massive sell off quickly drove
the price of the bonds
down to 5% of their original worth.
Once the bottom
had dropped out the market Nathan Rothschild then re-bought as many
bonds back as he
could at hugely discounted prices
and in doing so he multiplied his wealth twenty times in 3 days of
trading.
At
the same time as becoming
immensely wealthy he also became the
single largest debtor to the English government which ultimately gave
him control over
the bank of England.”
If you are
so inclined to do your own research, two sources, HISTORY OF THE BANK OF ENGLAND written by Dr. A. Andreades and Complete Histories: Bank of England to 1694, are worthy of review.
“As
you can see by the 250-year chart of Bank of England stock, the shares
showed no real trend during the
1700s, rose in price during the
Napoleonic Wars as England left the gold standard and suffered
inflation, declined in price
from around 1818 to 1845 during the
deflation that followed, rose in price for the rest of the 1800s as the
Bank gradually
increased its dividend, plunged
until 1920 as inflation occurred without any compensating rise in the
dividend, then gradually
rose in price until the Bank was
nationalized in 1945. The behavior of the Bank of England’s stock
encapsulates the
general behavior of the British
stock market over that 250-year period.”
Now
for most of its history the privately held, Bank of England was
extremely profitable to
its owners. The method for charging
interest on the creation of money has been the prime vehicle for driving
both public and
private debt throughout modern
times.
The
Guardian reports in the article, The truth is out: money is just an IOU, and the banks are rolling in it.
“The
Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy",
co-authored by three economists from the Bank's Monetary Analysis
Directorate, they stated outright that most common
assumptions of how banking works are
simply wrong, and that the kind of populist, heterodox positions more
ordinarily associated
with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.”
The
entire monitory financial system is based upon
charging usury on the creation of
national currencies. No larger debtor exists then governments. The
perfection of the Rothschild
fraud is founded upon charging
compound interest on the very medium of exchange that serves as legal
tender.
The
Bank of England set the stage for the centralization
of all banking under the umbrella of
banksters control. In order to discover all the secrets of manipulating
the financial
system, one must comprehend, the
first and primary lesson; that central banks do not function as
beneficiaries to their host
nation, much less the ordinary
“little people”.
Keeping this
deplorable rip-off system extorting their pound of flesh is the
principal objective of the
financial elites. Interest on
government bonds must be paid. More debt needs to be incurred. And the
framework for human impoverishment
lies at the feet of central banking.
SARTRE
– May 12, 2015
2 comments:
Are people actually able to read what this says?
subscribers would be Incorporated as the "Governor and Company of the Bank of England."
Right there, plain as day for the world to see shows these entire cities and states were incorporated as corporations under the rich Elite of the world! And who controlled those elites were the White Welsh Barons of Egypt and Austria not surprisingly.
Why should that give you pause?
Because of the severity of the statement! The entire government was incorporated as a corporation, they just admitted this right here. And that was what happened in North America when they shoved everything into one corporate charter in 1871 the same way making it so there are no laws only dictators.
Yet what none of you have said is they not only incorporated the land, they also incorporated all the serfs living upon the land as slaves or livestock.
Post a Comment