Who owns the Bank of England?

15/10/2010 00:03

Who Owns The Bank Of England?

 

 


You ask that question 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 Of International Settlements in Switzerland, which is the Central Banks' clearing house.

If the One World Government actually had an address, this would be part of it - the B.I.S, another privately owned bank, the central bankers' central bank, beyond the control of democracy or government, able to influence events secretly from behind the scenes. One thing is for sure is that in times of financial crisis, these central banking networks become supremely powerful, as those like Gordon Brown allow their countries to become effectively indebted to the point of loss of control.

The people wielding this power see the world's financial crisis as their moment of opportunity to seize greater power. The scary part of that is that hardly a living soul even knows they exist. Now that's real power.

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