1694 Following a costly series of wars over the last 50 years, English Government
officials go, cap in hand, to the money changers for loans necessary to pursue their
political purposes. The money changers agree to solve this problem in exchange for a
government sanctioned privately owned bank which could issue money created out of
nothing. This was deceptively named the, "Bank of England," for the sole purpose of
duping the general public into believing it was part of the government, which it
was not.
Like any other private corporation the Bank of England sold shares to get started.
The private investors, whose names were never revealed, were supposed to put up
£1,250,000 in gold coins to buy their shares in the bank, but only £750,000 was
ever received. Despite that the bank was duly chartered and began loaning out
several times the money it supposedly had in reserves, all at interest.
Although the Bank of England's private investors were never revealed, one of
the Directors, William Paterson, stated,"The Bank hath benefit of interest on all
monies which it creates out of nothing."
Furthermore the Bank of England would loan government officials as much of
the new currency as they wanted, as long as they secured the debt by direct
taxation of the British people. The Bank of England amounted to nothing less
than the legal counterfeiting of a national currency for private gain, and thus
any country that would fall under the control of a private bank would amount
to nothing more than a plutocracy.
Soon after the Bank of England was formed it attacked the talley stick system,
as it was money outside of the power of the money changers, just as
King Henry I had intended it to be.
1698 Following four years of the Bank of England, their plan to control
the money supply had come on in leaps and bounds. They had flooded the
country with so much money that the Government debt to the Bank had grown
from the initial £1,250,000, to £16,000,000, in only four years.
That's an increase of 1,280%.Why do they do it? Simple, if the money in circulation
in a country is £5,000,000, and a central bank is set up and prints another
£15,000,000, stage one of the plan, sends it out into the economy through
loans etc, than this will reduce the value of the initial £5,000,000 in
circulation before the bank was formed. This is because the initial
£5,000,000 is now only 25% of the economy. It will also give the bank
control of 75% of the money in circulation with the £15,000,000 they sent
out into the economy.
This also causes inflation which is the reduction in worth of money borne
by the common person, due to the economy being flooded with too much money,
an economy which the Central Bank are responsible for. As the common
person's money is worth less, he has to go to the bank to get a loan to
help run his business etc, and when the Central Bank are satisfied there
are enough people with debt out there, the bank will tighten the supply of
money by not offering loans. This is stage two of the plan.
Stage three, is sitting back and waiting for the debtors to them to go
bankrupt, allowing the bank to then seize from them real wealth, businesses
and property etc, for pennies on the dollar. Inflation never effects a
central bank in fact they are the only group who can benefit from it, as
if they are ever short of money they can simply print more.
1800 In France, the Bank of France was set up. However, Napoleon decided
France had to break free of the debt and he therefore never trusted this bank.
He declared that when a government is dependent on bankers for money, it is
the bankers and not the government leaders that are in control. He stated,
"The hand that gives is above the hand that takes. Money has no motherland,
financiers are without patriotism and without decency, their sole object is gain."
1803 Now President Thomas Jefferson, President Jefferson struck a deal with
Napoleon in France. The United States would give Napoleon $3,000,000 of gold
in exchange for a huge chunk of territory west of the Mississippi River.
This was called the Louisiana purchase. Napoleon used this gold to put
together an army. He then used this army to set off across Europe where
he began to conquer everything in his path. The Bank of England quickly
rose to oppose Napoleon and financed every nation in his path, as usual
profiteering from war. Prussia, Austria, and then finally Russia all went
heavily into debt in a futile attempt to stop Napoleon
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Topic: Strange financial world (Read 3642 times)