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Bank of England will become one of world's most powerful central banks

 
G3
G3

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04/01/2013 07:44 PM

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Bank of England will become one of world's most powerful central banks
Bank of England will become one of world's most powerful central banks

Sion Barry, WalesOnline
Mar 31 2013

THE Bank of England will become one of the most powerful central banks in the world tomorrow when the biggest overhaul of financial regulation since 1997 takes place.

As part of sweeping changes that will undo the system set up by former Chancellor Gordon Brown, the Financial Services Authority (FSA) will be replaced with three new bodies – the Financial Policy Committee (FPC), the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

Slammed for being “asleep at the wheel” during the financial crisis, the so-called Tripartite structure – comprising the FSA, the Treasury and the Bank of England – will make way for a new system to regulate the financial sector and ward off future crises.

cont'd:

[link to www.walesonline.co.uk]
G3 (OP)
G3

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04/01/2013 08:28 PM

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Re: Bank of England will become one of world's most powerful central banks
bump
Leviticus

User ID: 15513425
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04/01/2013 08:29 PM

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Re: Bank of England will become one of world's most powerful central banks
This is fucked up propaganda!!!
I can explain shit to you all day but, I can't understand it for ya!!!!
MHz

User ID: 34243878
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04/01/2013 08:46 PM
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Re: Bank of England will become one of world's most powerful central banks
No better way to explain to 'us' how truly fucked we are.

(in part)
The history of the Bank of England and how it was taken over by one powerful family hundreds of years ago.

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 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.

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 Rothschild 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. As he famously said afterwards.

“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

Privatisation of the bank continued for years until the bank of England was nationalised after the war in 1946.

[link to www.darkpolitricks.com]
Anonymous Coward
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New Zealand
04/01/2013 08:47 PM
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Re: Bank of England will become one of world's most powerful central banks
Banks are only powerful while WE give them money.

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