Earthlinggb's Blog

BANK OF ENGLAND PARLIAMENTARY MINUTES 1819

Posted in Finance, Politics by earthlinggb on February 23, 2011

“For twenty-two years, twenty-four merchants of the city of London, as the directors of this corporation, had, without check and without control, the unlimited power of issuing a forced paper currency on the country, for their own exclusive benefit. The public did not participate in any way in the advantage derived from this establishment; and this corporation, uncontrolled and unlimited, had the power of issuing notes to any amount, without any expense to them but the trifling expense of paper and the payment of their clerks”.

 

Which continues to the present day but in VASTLY increased number by way of the fractional reserve system and the forever increasing number of “financial instruments” they have used (and abused) to rape the public of their wealth. And TODAY’S Chancellor does quite the same as the Chancellor of 1818 – Says NOTHING!

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BANK OF ENGLAND.

HC Deb 26 January 1819 vol 39 cc0-111 0
§Mr. Grenfell said, he had often addressed the House on the subject to which he was about to allude—a Subject of deep interest, and one which demanded all the wisdom of the House. Notices had been given of different motions since the opening of the session, connected with the question he was about to submit to their consideration. The first was from his right hon. friend (Mr. Tierney), the second from the right hon. the chancellor of the exchequer; and notice had been given by an hon. and learned friend of his (sir J. Mackintosh), on the subject of the fabrication of bank notes—an inquiry of deep public interest in every way that it could be considered—interesting as it affected national credit, and doubly interesting as it affected the happiness, the character, and the morals of the people. It would 109 be of course extremely ill-timed in him to enter into a subject which happily was in the hands of men so capable of treating it with superior knowledge and ability: it was not his intention. The only object he had in view in calling the attention of parliament to the subject was, to show that the corporation of the Bank of England had, during a period of twenty-two years, accumulated an enormous mass of wealth at the expense of the public, without the performance of any public service that could entitle them to that exclusive benefit—that they had accumulated wealth during a shorter period, and to a greater amount, than any body of men had been ever able to do, in any banking or commercial country, since banking or commerce had been established in the world. The first great benefit this corporation enjoyed flowed directly from the Bank Restriction bill, an act which was first passed in the year 1797, and from that period down to the present, the Bank had been relieved from the necessity of paying in cash, and had therefore been exonerated from the performance of its pecuniary engagements. For twenty-two years, twenty-four merchants of the city of London, as the directors of this corporation, had, without check and without control, the unlimited power of issuing a forced paper currency on the country, for their own exclusive benefit. The public did not participate in any way in the advantage derived from this establishment; and this corporation, uncontrolled and unlimited, had the power of issuing notes to any amount, without any expense to them but the trifling expense of paper and the payment of their clerks. There was, he should add, one other item in their expenditure—one, he supposed, of considerable amount, from the frequency of the case—he meant the numerous prosecutions carried on by the Bank, from one extremity of the kingdom to the other, against those unhappy wretches who were almost every hour brought to the bar of criminal justice, on the charge of forging notes. This practice had of late years been carried to so alarming an extent, as to call forth, from every quarter, the loudest murmurs of disapprobation—it forced itself upon the attention of parliament, and demanded an immediate inquiry.—The next great source of profit and advantage to the Bank was the enormous extortions which they had committed in their various contracts with the 110 government. By means of their exclusive credit, the corporation of the Bank had been enabled to meet the wants of the minister, but they had done so on terms enormous and highly injurious to the country. These matters, he said, had been frequently mentioned—they have been met on the part of the Bank, sometimes by assertion, often in silence, and never by disproof. He concluded by moving for —1. “Accounts of the total weekly amount of Bank notes and Bank post bills in circulation, from the 1st Jan. to the 25th Jan. 1819. 2. Of the amount of Bank notes in circulation on the 7th and 12th of each month, from Jan. 1818, to Jan. 1819, both inclusive. 3. Of the highest and lowest aggregate amount of bank notes, including those of every kind, at any one time in circulation from the 1st Jan. 1818, to the 25th of Jan. 1819, both days inclusive. 4. Of the weekly amount of bank notes in circulation of the value of 5l. and less, from the 1st Jan. 1818, to the 25th of Jan. both inclusive. 5. Of the market prices of standard gold in bars, of Portugal gold in coin, standard silver in bars, and Spanish dollars, or pillar pieces of eight, with the course of exchange with Hamburgh, Lisbon, and Paris, from the 1st Jan. 1818, to the 25th Jan. 1819. 6. Of the balances of cash in the hands of the Bank of England, on the 1st and 15th days of each month between the 1st Jan. and 15th December, 1818, inclusive, resulting from payments under the head of customs, and of all other branches of the public revenue, stating the average balances of the year, made up from the said days. 7. Of the balances of cash in the hands of the Bank of England, on the 1st and 15th days of each month, between the 1st Jan. and 15th Dec. 1818, inclusive, resulting from the postmaster-general’s account with the Bank, stating the average balance of the year, made up from the said days. 8. Of the balances of cash in the hands of the Bank of England on the 1st and 15th days of each month between the 1st Jan. and 15th Dec. 1818, inclusive belonging to the different departments of the government, including the balances of the accountant-general of the court of chancery, and stating the average balance of the year, made up from the said days. 9. Of all other public balances not particularly specified in the three preceding accounts with the bank of England; on the 1st Jan. 1819; 111 distinguishing the amount under each head respectively, and stating the aggregate amount of the whole. 10. Of the total amount of unclaimed dividends, including lottery prizes, in the hands of the Bank on the 1st and 15th days of every month in the year 1818 inclusive. 11. Of the Exchequer bills and Bank notes deposited by the governor and company of the bank of England, as cash, in the chests of the four tellers of his majesty’s receipt of exchequer, on the 2nd Jan. 1818, and on every 28th day subsequent to that period, down to the 1st Jan. 1819; distinguishing the amount of all such Bank of England notes as exceeded in value l,000l. each, known at the Exchequer under the title of special notes, and stating the average balances of the year, made up from the said days. 12. Of all allowances made by the public, to the Bank, or charged by the Bank against the public, exclusive of the charge for the management of the public debt, for transacting any public service in the year 1818; describing the nature of the services, and the amount charged thereon in the said year, and including the sums paid to the Bank under the denomination of Charges of Management. 13. Of the advances made by the Bank of England to government on land and malt exchequer bills, and all other securities, on the 10th Jan. 10th April, 10th July, and 10th Oct. 1818, and on the 10th Jan. 1819.”
The Chancellor of the Exchequer said, that it was not his intention to object to the production of the accounts. The information they contained might be usefully laid before the House, preparatory to the discussion which was to take place. With regard to the hon. gentleman’s comments, and the justness of the inferences which he had drawn, a better opportunity would soon present itself for the consideration of them.
§ The motions were then agreed to.

Now on to the present day Governor of the Bank: Mervyn King.
Looks like the usual old gent who loves his kids and grandchildren right?

Maybe so. But he couldn’t give a DAMN about yours!

So Merv here suggests the “quantitive easing” is entirely necessary and a good idea. Yet Merv knows full well how the creation of money happens with the stroke of a pen – NO MORE, NO LESS! – while Merv then goes around the country evangelizing about why the fractional reserve system should be and has to be abolished. So while he knows the money is created out of nothing and that all the money created out of nothing can then be multiplied by factors of 10 or substantially more (and, in fact, within investment banking, when they get their hands on it, can be factors of 1000 and far more! So the money they gambled with and you and I paid back to them DID NOT EVER EXIST!).

However, it’s worse than that when it comes to Merv. You see Merv KNEW you were all going to be stolen from in 2008. He knew this at least as far back as May of 2003! How do i know this? This is why:

“An influential Jewish European banker reveals that the ruling elite in Europe is now telling their minions that the West is on the brink of total financial meltdown; so the only way to save their precious investments is to bet on the new global crisis centered around the Middle East, which replaced the crisis evolving around the Cold War.”
EE22Ak03.html

While you have people like Blanchflower here spouting off about having worked for the MPC – therefore, this must give him authority to speak on the subject while he doesn’t have a clue who the 24 original merchants were. While he’ll ignore the fact that this “Independent Bank” (oh yes it is indeed) has aspects of its charter protected by the Official Secrets Act (Oh yes it does – Bank of England Act 1946. Look it up).

You see, our Merv here, attended that conference along with our present Lord Chief Justice Clarke (the shark). Our entire inner government and Banking circles knew what was coming and the private debt to income ratio levels increasing from 101% in circa 1997 to 171% circa 2007, was simply to “fatten you up” for the financial slaughter.


Skip to 5.54 if you wish to hear the list or British attendees.

You see, you’ve been fleeced. The entire world has been and now people like Merv can go round saying “we need to have stricter controls and we need to change the entire system” because he’s been given the nod to do so. It’s what the controllers of the money supply want because they have now committed the heist and they want to lock the door from anyone being able to achieve it again and catch up with them (not that that is actually possible). But what Merv is doing (and he knows it) is LOCKING THE BARN DOOR AFTER THE HORSE HAS BOLTED!

Merv King is as much a criminal as any of the rest of them!

The major point, however, is this: WHO were these 24 merchants who were given the capability by a King and Parliament to create money out of thin air? Because, today, it is the offspring of these merchants – or associates thereof – who are still profiting from it and are protected by the OFFICIAL SECRETS ACT regarding their identities.

But there is ANOTHER simple, while abundantly plain and obvious, issue with all of this. One must think in terms of the powers of the King and Parliament particularly in the 17th Century (and sure we had the Glorious Revolution prior to the formation of the Bank of England in 1694 BUT, it must be considered that if it were not for William and Mary – remember being Dutch who had the precursor to the BofE with the Bank of Amsterdam – then, perhaps, the Bank of England may never have been founded at that time or in the way it was). Having considered this, then one must ask the question:

WERE OUR MONARCHY AND PARLIAMENT IMBECILES?

You have a King of England and a Parliament in 1694 who charter a Bank of England. OF ENGLAND.
You have a country full of people whom you wish to be able to transact together in commerce in a simple fashion using paper money instead of gold or silver etc.

YOU’RE the King of England and you and your parliament govern the UK and create its laws and yet you cannot set up a public bank called the “Bank of England” to create and issue your own currency without charging YOU debt interest? The King himself and the Parliament has to BORROW money from this bank and pay it interest on money which the bank creates into existence using a pen and paper?

YOU as the King of England create an entity which allows that entity to charge you for your own money? AND those who own that entity become richer than YOU are over time?

WHAT ASSHOLES IN THEIR RIGHT MIND WOULD ACTUALLY DO THAT?

WAS THE KING OF ENGLAND AN IMBECILE?

Were the Government and Parliamentarians IMBECILES?

But it gets worse because, not only were these owners of the Bank of England allowed to do as above, but they were then ALSO allowed to provide loans to foreign entities – foreign governments – thereby allowing for the possibility of such loans to finance enemies at the time such as France, Spain and even the USA!
Yet even THESE countries used the same idea. They set up their OWN banks where they then had to borrow money from them and pay interest rather than create their own paper out of thin air with NO debt and NO interest!?!

So the question remains and is the fundamental question which, if humanity understood the simplicity of it, it would free humanity worldwide:

WHO are these people who were so powerful – even in the 1600s and 1700s (and even earlier one would have to assume) that they had Kings and governments by the balls to put in place such INCOMPETENT “laws” and grant a worldwide monopoly to a group of private individuals?

There can be no doubt that – unless there is, in fact, some unknown, mysterious group of people/families who have power we can only have nightmares about – then it is the monarchies themselves who are behind the entire global financial system and have hidden it wonderfully well.

NO KING (and let’s face it – it seems ALL monarchies “succumbed” to this) would ever, in their right minds, allow this.

We can think it is the Pope and Vatican/Jesuits who hold the key – and that is still debatable since it COULD be – BUT if it were the case then the Jesuits must have some incredible form of “Army” (perhaps even of assassins as in “Vatican assassins”) to ensure that their demands are met. And let’s face it – Zionism was not even an issue hundreds of years ago. It didn’t even exist in any real sense.

So, bottom line, in one way or another, I would definitely suggest the entire thing is controlled by the jesuit/vatican connection along with the Royal bloodlines. Your Rothschilds and Rockefellers are simply “Knights” in this game. Powerful Knights nevertheless.

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