Post by Admin on Apr 1, 2024 0:14:57 GMT
The Bank of England – Free From Government Control
TOPICS:Bank Of EnglandBankstersFinanceMoneyPropaganda
iaindavis.com/the-private-bank-of-england-corporation/
POSTED BY: IAIN DAVIS MARCH 30, 2024
The Bank of England is a private corporation. The evidence demonstrating the fact is all in the public domain, if you care to look. It runs the UK like its own private business.
Power in the UK does not reside with the politician’s a few of us elect. We are sold a seemingly never ending stream of lies, such as the lie that we do not have a codified written constitution, or the lie that the UK Prime Minister runs the country. Perhaps one of the most egregious is that the Bank of England is a “public corporation” that is wholly “owned” by the government.
Liz truss, the former, very short-lived Prime Minister of the United Kingdom (UK), in a discussion with US media executive an political strategist Steve Bannon, said:
I wanted to cut the size of the administrative state. [. . .] The economic establishment in the UK wanted to keep things the way they were, and they did. They got me.
For those who have been paying attention, the rule of the economic and financial Establishment is nothing new. Henry Fairlie Hose wrote his seminal article about the UK Establishment in 1955. True power is not held by the politicians we elect. It is exercised by a network of public and private institutions over which we have no “democratic” oversight. Our so-called democracy it an illusion.
References the legacy media’s economic broadsheets, Truss added:
These [the legacy media broadsheets] are the friends of the bureaucratic establishment, they are the friends of the deep state and they work, together with bureaucrats [. . .] to keep things the same. People in Britain aren’t happy about that. They want change but it is being stopped. [. . .] Every government department, every agency is [run by] a permanent civil servant.
Another lie we have been sold is that we have a free and pluralistic legacy media in the UK. We actually have a tightly controlled Deep State propaganda operation.
Despite years of denial, the global legacy media now admits that the Deep State—an overarching term for the Establishment’s entire network—exists. But legacy media outlets like the New York Times are trying to repackage the Deep State as something benign and beneficial. There is nothing good about the covert use of corrupt unaccountable power.
Liz Truss continued and told Bannon:
What I found out when I got into No. 10 is, I thought that if I got to the top of the tree, I would be able to implement those conservative policies. [. . .] What I discovered was that I was not holding the levers. The levers [of power] were held by the Bank of England, by the Office of Budget Responsibility (OBR), they weren’t held by the Prime Minister or the Chancellor.
If we take Truss at her word, it seems remarkable that someone so naive could ever get to high office in the UK. Perhaps her surprise and apparent distaste for the Deep State partly explains her rapid ejection from Number 10. Other politicians, such as the current unelected UK Prime Minister Rishi Sunak, are evidently more comfortable performing as puppets of the Deep State.
Truss’s singling out of the Bank of England (BoE) indicates her belief that, from her perspective, they are the zenith, or close to it, of political power in the UK. Personally I would challenge that view, but nonetheless, if we consider what the BoE represents, it certainly isn’t the public interest.
Contrary to the stories we are told about the Bank of England (BoE), it is not “owned” by the Government. The BoE is a private corporation managed by its Court of Directors by virtue of the authority invested in the Court by Royal Charter.
The Government has no power to interfere in the BoE’s “business”. This can only be done through amendments to its Charter, and the BoE must consent to make the Charter “anew”. BoE-related government legislation, such as the 1946 and 1998 Bank of England Acts, are legal constructs which the BoE permits.
The BoE allows the Government to create legislation that enhances its status as a private corporation, one with the “public” authority to make monetary policy—thus affording the BoE immense financial and economic power. It is a key institution of the UK Deep State.
TOPICS:Bank Of EnglandBankstersFinanceMoneyPropaganda
iaindavis.com/the-private-bank-of-england-corporation/
POSTED BY: IAIN DAVIS MARCH 30, 2024
The Bank of England is a private corporation. The evidence demonstrating the fact is all in the public domain, if you care to look. It runs the UK like its own private business.
Power in the UK does not reside with the politician’s a few of us elect. We are sold a seemingly never ending stream of lies, such as the lie that we do not have a codified written constitution, or the lie that the UK Prime Minister runs the country. Perhaps one of the most egregious is that the Bank of England is a “public corporation” that is wholly “owned” by the government.
Liz truss, the former, very short-lived Prime Minister of the United Kingdom (UK), in a discussion with US media executive an political strategist Steve Bannon, said:
I wanted to cut the size of the administrative state. [. . .] The economic establishment in the UK wanted to keep things the way they were, and they did. They got me.
For those who have been paying attention, the rule of the economic and financial Establishment is nothing new. Henry Fairlie Hose wrote his seminal article about the UK Establishment in 1955. True power is not held by the politicians we elect. It is exercised by a network of public and private institutions over which we have no “democratic” oversight. Our so-called democracy it an illusion.
References the legacy media’s economic broadsheets, Truss added:
These [the legacy media broadsheets] are the friends of the bureaucratic establishment, they are the friends of the deep state and they work, together with bureaucrats [. . .] to keep things the same. People in Britain aren’t happy about that. They want change but it is being stopped. [. . .] Every government department, every agency is [run by] a permanent civil servant.
Another lie we have been sold is that we have a free and pluralistic legacy media in the UK. We actually have a tightly controlled Deep State propaganda operation.
Despite years of denial, the global legacy media now admits that the Deep State—an overarching term for the Establishment’s entire network—exists. But legacy media outlets like the New York Times are trying to repackage the Deep State as something benign and beneficial. There is nothing good about the covert use of corrupt unaccountable power.
Liz Truss continued and told Bannon:
What I found out when I got into No. 10 is, I thought that if I got to the top of the tree, I would be able to implement those conservative policies. [. . .] What I discovered was that I was not holding the levers. The levers [of power] were held by the Bank of England, by the Office of Budget Responsibility (OBR), they weren’t held by the Prime Minister or the Chancellor.
If we take Truss at her word, it seems remarkable that someone so naive could ever get to high office in the UK. Perhaps her surprise and apparent distaste for the Deep State partly explains her rapid ejection from Number 10. Other politicians, such as the current unelected UK Prime Minister Rishi Sunak, are evidently more comfortable performing as puppets of the Deep State.
Truss’s singling out of the Bank of England (BoE) indicates her belief that, from her perspective, they are the zenith, or close to it, of political power in the UK. Personally I would challenge that view, but nonetheless, if we consider what the BoE represents, it certainly isn’t the public interest.
Contrary to the stories we are told about the Bank of England (BoE), it is not “owned” by the Government. The BoE is a private corporation managed by its Court of Directors by virtue of the authority invested in the Court by Royal Charter.
The Government has no power to interfere in the BoE’s “business”. This can only be done through amendments to its Charter, and the BoE must consent to make the Charter “anew”. BoE-related government legislation, such as the 1946 and 1998 Bank of England Acts, are legal constructs which the BoE permits.
The BoE allows the Government to create legislation that enhances its status as a private corporation, one with the “public” authority to make monetary policy—thus affording the BoE immense financial and economic power. It is a key institution of the UK Deep State.