[color="#008080"][size="4"]Part III[/size][/color][size="4"][color="#008080"][size="2"] (of XVIII)[/size] :[/color][/size][color="#008080"][size="4"] The Bank of England[/size][/color]
By the end of the 1600 England was in financial ruin -- 50 years of more or less continuous war with France and Holland had exhausted her.
Frantic government officials met with The Money Changers to beg for the loans necessary to pursuit their political purposes. The prize was high -- A government sanctioned privately owned bank which could issue money out of nothing.
It was to be the world's first privately owned central bank, The Bank of England. [color="#000000"]Although it was deceptively called The Bank of England, to make the general population think it was part of the government, it was not.[/color]
Like any other private corporation, The Bank of England sold shares to get started.
The bank was duly charted in 1694 and started out the business of loaning out several times the money it supposedly had in reserves, all at interest.
The bank would loan the British politicians as much of the new currency as they wanted, as long as they secured the debt by direct taxation of the British people.
So, [color="#ff0000"]legalisation of The Bank of England amounted to nothing less than the legal counterfeiting of a national currency for private gain.[/color]<img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/blink.gif' class='bbc_emoticon' alt=':blink:' />
[color="#000000"] Unfortunately, nearly every nation has now a privately controlled central bank, using The Bank of England as their basic model.[/color]
Such is the power of this central banks, that they soon take total control over a nation's economy.
It soon amounts to [color="#000000"]nothing less than a plutocracy, ruled by the rich.[/color]
Yes, we need central banks, but we do not need them in private hands. [color="#ff0000"]The central bank's scam is really a hidden tax.[/color]
[color="#8b0000"][color="#000000"]Here's how central banking works:[/color]<img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/unsure.gif' class='bbc_emoticon' alt=':unsure:' />[/color]
The beauty of the plan, is that hardly anyone can figure it out, because it's usually hidden behind complex sounding economics gibberish.
With the formation of the Bank of England, the nation was soon awash in money. Crisis throughout the country doubled. Massive loans were granted for just about any wild scheme. By 1698 government debt grew from the initial 1,250,000 pounds to 16,000,000 pounds. Naturally taxes were increased and then increased again to pay for all of this.
With the British money supply firmly in their grip, the British economy began a wild roller coaster series of boom and depressions, exactly the sort of things a central bank claims it is determined to prevent.
We will now take a look at the role of the Rothschilds' family, the family said to be the wealthiest in the world.
[size="2"]Stay tuned...[/size]
By the end of the 1600 England was in financial ruin -- 50 years of more or less continuous war with France and Holland had exhausted her.
Frantic government officials met with The Money Changers to beg for the loans necessary to pursuit their political purposes. The prize was high -- A government sanctioned privately owned bank which could issue money out of nothing.
It was to be the world's first privately owned central bank, The Bank of England. [color="#000000"]Although it was deceptively called The Bank of England, to make the general population think it was part of the government, it was not.[/color]
Like any other private corporation, The Bank of England sold shares to get started.
The bank was duly charted in 1694 and started out the business of loaning out several times the money it supposedly had in reserves, all at interest.
The bank would loan the British politicians as much of the new currency as they wanted, as long as they secured the debt by direct taxation of the British people.
So, [color="#ff0000"]legalisation of The Bank of England amounted to nothing less than the legal counterfeiting of a national currency for private gain.[/color]<img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/blink.gif' class='bbc_emoticon' alt=':blink:' />
[color="#000000"] Unfortunately, nearly every nation has now a privately controlled central bank, using The Bank of England as their basic model.[/color]
Such is the power of this central banks, that they soon take total control over a nation's economy.
It soon amounts to [color="#000000"]nothing less than a plutocracy, ruled by the rich.[/color]
Yes, we need central banks, but we do not need them in private hands. [color="#ff0000"]The central bank's scam is really a hidden tax.[/color]
[color="#8b0000"][color="#000000"]Here's how central banking works:[/color]<img src='http://www.india-forum.com/forums/public/style_emoticons/<#EMO_DIR#>/unsure.gif' class='bbc_emoticon' alt=':unsure:' />[/color]
- [size="3"][color="#ff0000"]The nation sells bonds to the central bank to pay for things that does not have the political will to raise taxes to pay for.[/color][/size]
- [size="3"][color="#ff0000"] But the bonds are purchased with money the central bank creates out of nothing.[/color][/size]
- [size="3"][color="#ff0000"]More money in circulation makes your money worth less.
[/color][/size] - [size="3"][color="#ff0000"] The government gets as money as it needs and the people pay for it in inflation[/color][/size]
The beauty of the plan, is that hardly anyone can figure it out, because it's usually hidden behind complex sounding economics gibberish.
With the formation of the Bank of England, the nation was soon awash in money. Crisis throughout the country doubled. Massive loans were granted for just about any wild scheme. By 1698 government debt grew from the initial 1,250,000 pounds to 16,000,000 pounds. Naturally taxes were increased and then increased again to pay for all of this.
With the British money supply firmly in their grip, the British economy began a wild roller coaster series of boom and depressions, exactly the sort of things a central bank claims it is determined to prevent.
We will now take a look at the role of the Rothschilds' family, the family said to be the wealthiest in the world.
[size="2"]Stay tuned...[/size]