The truth is much worse.
The story of the Bank of England is the story of the British Empire. The British Empire was never a political empire. It was always a monetary financial empire, as much a parasite on the people of Great Britain as the rest of the world. The idea of the Victorian's British Empire bringing civilisation to the darkest parts of the world is one that needs real reconsideration by many Britons.
The Bank of England was originally set up as a core part of the British Empire - making huge profits from loans to the British East India Company and other tendrils of the Great British parasite. The mainstays of the trading activities of these companies were drugs, warfare and the looting of raw materials from poverty stricken nations.
As the banker to the Government, the Bank also did quite nicely from lending to the Treasury, thank you very much. In those days, the profits of the Bank went into the hands of the shareholders.
In 1844, the Rothschild inspired desire to take complete control of Britain came true with the Bank Charter Act. This gave the Bank of England the monopoly on the production of Sterling, and control of Britain's money supply. In Northern Ireland and Scotland, where to this day commercial banks are allowed to print their own money, they must have one Bank of England note in reserve for every note of their own that they issue.
1946 brought the "nationalisation" of the Bank. At the end of WWII, Britain was more or less bankrupt, so it was agreed that instead of paying cash for the shares of the Bank, shareholders would receive 3% Treasury stock instead. With the 1946 Bank of England Act, all the Bank shares were transferred into the possession of the Treasury solicitor, and there they are to this day. It remains a corporation, not a government department.
In 1977, the Bank set up a wholly owned subsidiary called BANK OF ENGLAND NOMINEES LIMITED, (BOEN), a private limited company, no. 1307478, 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."
Add that to the fact that the Bank of England is protected from prying eyes by its "Royal Charter" status and the Official Secrets Act. What have we got here?
In 1998, the final piece of the puzzle fell into place. In return for fixing the 1997 elections and getting New Labour into power, the Government enacted the 1998 Bank of England Act, which gave the Bank's Court of Directors complete independence with regard to monetary policy.
So if we add this all together, we have a nationally owned institution which has the monopoly in the production of the national currency, and has independent control of the country's monetary policy in the hands of a Court of Directors who serve the private banking system as they have since the Bank was established.
Think about it - private banking control of our currency and monetary policy, fully independent of government. When Gordon Brown signed away government oversight of the Bank, he committed Treason on a scale not seen in Britain since the Heath government took us into what would become the EU.
Since 1998 we have seen the Bank rapidly inflate the money supply, while at the same time relaxing regulation on how banks could lend. No longer were banks required to have cash in reserve for loans they made. Instead the vast majority of currency entering the economy did so as a result of commercial banks entering some numbers into a ledger - money out of thin air, literally.
Working for the private bankers, the Bank of England set things up to maximise the returns for their banking colleagues' speculative activities, in the full knowledge that as a nationalised institution, it would be the UK taxpayer who was carrying all the risk, and not, as would have been the case before 1946, the shareholders.
The Court of Directors is working for the Anglo/Dutch/Saudi empire - the still-alive-and-kicking hidden hand behind the British Empire of the Victorian age. So it's no surprise that the solution they provide to today's manufactured monetary financial collapse is to print more money. Their aim is to destroy the last vestiges of British sovereignty; for a hyper-inflated and hyper-devalued Sterling to be replaced by a single, global, currency, under a single world fascist government.
Gordon Brown announced the new financial infrastructure at the G20. He announced the new global currency - to be issued and managed by the newly reinvigorated IMF.
This has to be stopped. It has to be stopped now. We want our country back, before there's no country left. We want our country back from the parasites that use one square mile of London as their base of operations. Back in a way it hasn't been for about 250 years. Join is in this fight - come to the next British Constitution Group conference in London on the 13th June, and find out what you can do.