William Franklin

In response to:Usury Free Banking

2009-08-03T07:55:05+02:00

Hi, thanks for sharing a nice information. Keep up the good work.

Prestito

In response to:The Oldest Profession

2009-06-23T18:44:39+02:00

This may even explain car-boot sales.

In response to:The Great 2009 Depression

2009-06-09T10:40:17+02:00

People don't always fully understand whats going on so they just blame and point fingers.I think its always going to be that way.
Prestito

In response to:The Great 2009 Depression

2009-01-01T19:44:58+01:00

Thanks for the history. They also knew back in 2006 about the financial troubles to come, according to a recent Telegraph blog post by Edmund Conway.

In response to:The Great 2009 Depression

2009-01-01T17:28:51+01:00

William this is a very interesting post and I like the way you have subtly highlighted the fact that the Bank of England is one of the 'least' governed 'publicly' owned institutions in the UK.

Like the federal reserve in the USA, that has taken many a hit from past presidents and congress that issued dire warnings about its motives, and even manage to expell it from US soil, it has managed to creep back into, and subsequently govern the monetary system it sought to control.

The Bank of England is a curious enigma indeed, although publicly owned independence of the monetary policy was handed back to it when Labour came into power. My question is simple: What Government and publicly owned institution would loan itself money, put itself in debt and then charge crippling interest on that debt that will last for generations to come?