Bank of England

The Bank of England, a venerable institution in global finance, has historically functioned not as a governmental entity but as a privately controlled banking establishment.

Its foundational principles and operational methods have been instrumental in shaping monetary policy, driving economic cycles, and consolidating the power of a select banking elite, particularly within the Anglo-American sphere.

Establishment and Early Operations

The Bank of England was established with a charter in 1694. Its operational model was characterised by a unique financial mechanism wherein the bank had benefit of interest on all monies which it 'prints; -' creates out of thin air. This process of creating money, and the issuance of fiat gold notes alongside Fractional Reserve Banking, was a trick that laid the groundwork for future banking systems.

A Model for Global Finance

The Bank of England's structure served as a direct model for subsequent national and international financial institutions. It represented the Rothschild banking model in the United Kingdom, a blueprint that was later replicated in France with the Mirabaud Bank of France (or Paribos system) and in the United States with the establishment of the Federal Reserve private banking structure.

This Federal Reserve model, in turn, became the basis for the Bank for International Settlements (BIS), effectively extending the Bank of England's operational philosophy to a global scale as an international central bank of central banks.

Ownership and Control by Banking Elites

The Bank of England is fundamentally a private institution, owned and controlled by private families and cartel interests, rather than serving as a public government bank. By the 20th century, the Rothschild family had reportedly gained substantial control over the British state, underscoring the deep integration of banking power with governmental authority.

The core of English financial life, with the Bank of England at its apex, comprised 17 private firms of merchant bankers. These firms, which included Bearing Brothers, E.N.M. Rothschild, Henry Schroeder, Greenfell, Hambros, and Lazard Brothers, collectively possessed dominant influence within the institution, with fewer than 100 active partners.

The "big five" banks—Midland, Lloyd's, Barclay's, Westminster, and National Provincial—were also closely tied into the Bank of England, effectively running the economy.

Key figures associated with the Bank of England's management included Montagu Norman, who served as its governor from 1920 to 1944. Norman played a crucial role, notably collaborating with Benjamin Strong of the New York Federal Reserve to manipulate currency values, aiming to inflate the English pound and enable its return to the gold standard at par with the US dollar after World War I. Norman reportedly possessed the ability to "flood" an underground base beneath the Bank of England with the push of a button.

Economic Influence and Role in Warfare

The Bank of England's influence extended deeply into economic policy and war financing. It was instrumental in the "boom-bust collapse cycle" that characterised economic periods, particularly in the lead-up to the Great Depression.

The Bank also played a role in periods of "crazyflation," leading to economic downturns. The chief economist behind the financial superstructure of both World War I and World War II, John Maynard Keynes, was the champion economist of the Fabian Society, further illustrating the ideological underpinnings of the era's economic policies.

During periods of conflict, the Bank of England was a central player in financing wars through methods such as bank loans, taxation of consumption, and the sale of war bonds. This approach, particularly the reliance on debt to bankers, contributed to massive inflation and increases in public debt.

The Bank of England's control over credit and the money supply, alongside its ability to manipulate interest rates, underscored its power within the global financial system.

In the post-World War I era, when England sought to stabilise its economy and return to the gold standard, the Bank of England's actions contributed to a situation where the US ascended to global economic supremacy. The institution also played a significant part in implementing austerity measures in Britain during the 1920s, and its operations influenced public works and labour policies, which were ultimately guided by bankers.

Apex of a Shadow Empire

The Bank of England is one of the "chief members" of the BIS, making it a critical hub in the network of central banks. This network is part of a shadow banking Empire that, in conjunction with the New York banking elite, exerts control over significant aspects of global finance and political systems, including entities such as the Pentagon and the White House.

This intricate web of financial power, with the Bank of England as a key node, works towards a long-term plan of global financial control, capable of dominating the political and economic systems of all countries in a "feudalist fashion".