Post by leemary on Sept 17, 2008 16:35:04 GMT -5
the Bank of England is a private business which loans the UK government money to put into circulation so that the economy works. We, the Uk public are then working to pay off the loan our government have gained from the BoE with interest. Since the only money valid in the UK is Pounds Stirling, we can never pay of this debt, ever. The BoE makes the money and loans the money, we the uk public can never have more money than we owe. Plus with interest on top its a nightmare.
Looking at a fiver, it states "I promise to pay the bearer on demand", but who is paying who? Its not even positive value, its owed money.
So, it is true to say that the piece of paper is a debt.
I use a debt to pay for goods, which is in effect, transferring a debt.
The taxation system is created to pay off the interest, but even more amazing, the money used to pay off the interest is loaned money from the BoE.
So capitalism isnt really the problem because it doesnt even affect us. Capitalism doesnt even exist. We are constantly in negative credit therefore any money we accumulate is literally making us poorer.
BoE announced recently that the UK has borrowing of £1.5 trillon
in 1998 Brown announced that 415tns of Uk gold reserve was being sold for US dollars and foreign investment (gold turned into cash).
1998 gold reserves = 715tns which was £6 billion
300 tns left = max of £3 billion quid
B0E is owed £1,500 billion quid
During ww1 uk debt was £7 billion
So to conclude;
even with the gold reserves (which are valued by the stock market) the UK's reserves were substantially short of borrowed money in 1998.
The gold has been sold, replaced with the US dollar drawn from the Federal Reserve which is another private bank and used to invest in the stock market. (the gold has been privatised)
i hear alot of people going on about Gold, buy gold, in times of recession its great. ermmm no! it wont make a dent in any national debt. More gold = devaluation, there isnt enough Gold to pay of the national debt. heh
£5 note = 0 g of gold
Actually it is less than zero if that is possible
scratches head
nah its not possible. The economy is fake
Its a farce, a pretense, a simulacrae.
"To dissimulate is to feign not to have what one does.
To simulate is to feign to have what one hasnt" -Baudrillard
Capitalism, communism, socialism all fake, as they rely upon the premise of ownership of trade and industry. Trade and industry built upon pretend money, the simulacrae.
Liberal, Labour, Tories all fake.
Culture created through a system based upon sign value.
Owning a sign, a symbol = owning language
Ownership is myth
The simulacrae simulates ownership.
The BoE will claim ownership of all property due to the National Debt, while we live in the pretense of owning property. The entire thing is a performance based upon belief.
Believing in Santa is for kids.
Believing in the economy and money is for adults.
Democracy within a national private banking system is a sham. You may have wondered why government do things that the public dont want, well its because they are not responsible to you. They are responsible to the Bank of England.
Political parties are not representing the public, they are;
Management teams bidding for the CEO job of slavery incorporated
Everything is owned by private banks, we have been signed over as collateral to private investors. The banks have the power and the control.
Privatise the media to pay off debt
Privatise industry to pay off debt
Privatise public services to pay off debt
Privatise the public to pay off debt
A public banking system means that the democratic system produces representatives of the people to act in the interests of the people who elected that party.
A private banking system means the democratic system re-produces representatives of the people to act in the interests of the debtors, with the facade of public interest.
All this cannot be denied. I am await responses from;
Mr Cameron
Mr Blair
Local MP
Local councillors
I have yet to receive a response.
We are literally in the worst depression ever experienced by the UK. Bankruptcies are at an all time high (300 year high - Bank of England formed in 1694), the BoE is holding interest rates stable so to increase house prices- thus increase debt and we are being shown the Total Control Network the banks are demanding in order to secure their investment.
We are the property of the private banks, under economic law - uk law and world law and it is all a sham.
