The above video was broadcast in 2009, way before today’s financial troubles…
You ask the question, Who Owns The Bank Of England? to one thousand Britons, and I kid you not, all of them will say that it is owned by the Government.
They would be wrong.
The Bank Of England was originally a private bank, which contracted to lend money to the British Government in a financial crisis. It was privately owned at its foundation and remained so until the post-war Labour government nationalised it in 1946.
So it is owned by the government?
No.
Here is how Wikipedia explains it.
In 1977, the Bank set up a wholly owned subsidiary called Bank of England Nominees Limited, (BOEN), a private limited company, with 2 of its 100 £1 shares issued. According to its Memorandum & Articles of Association, its objectives are:- “To act as Nominee or agent or attorney either solely or jointly with others, for any person or persons, partnership, company, corporation, government, state, organisation, sovereign, province, authority, or public body, or any group or association of them….”
Bank of England Nominees Limited was granted an exemption by Edmund Dell, Secretary of State for Trade, from the disclosure requirements under Section 27(9) of the Companies Act 1976 , because, “it was considered undesirable that the disclosure requirements should apply to certain categories of shareholders.” The Bank of England is also protected by its Royal Charter status, and the Official Secrets Act.
In other words, you and I are not allowed to know who the shareholders are who own the company which carries out Central Banking in the UK. Some people say that Mandelson’s buddies, the Rothschilds are major shareholders. Also the Queen. But the information is secret. We are not allowed to know.
But what would surprise everybody is that the Bank Of England, which is entitled to issue cash, then lend it and charge interest to the government, is still essentially a private business.
What would also surprise people is so is the Federal Reserve of America a privately owned bank, and all central banks of the world, including the Bank for International Settlements (BIS) in Switzerland, which is the Central Banks’ clearing house.
Lets get 100,000 signatures and give direction and purpose to all the good causes behind the London Occupy Protests!
The government will then have to take action and this will be the start of real change for good in the UK…
Will only take 1 minute of your time…
http://www.facebook.com/groups/322444171105948/
http://epetitions.direct.gov.uk/petitions/6107
(For a history of central banking – http://the-tap.blogspot.com/2010/12/remember-1920s-easy-loans-big-debts.html)
Thanks to The tap blog
Lets get 100,000 signatures and give direction and purpose to all the good causes behind the London Occupy Protests!
The government will then have to take action and this will be the start of real change for good in the UK…
Will only take 1 minute of your time…
http://www.facebook.com/groups/322444171105948/