OK.. In short... The Bank of England is privately owned. They make their money partly from printing and selling money printed and partly from LOANING money to the government at interest.The money repaid by govt comes from taxes which is largely swallowed by the interest payments alone before the govt has even used any of it for infrastructure/services. The shareholders are largely foreign and many are tied to the Central Bank, .. Rothschilds, JP Morgans etc. The banks shareholders therefore are paid millions to do nothing by the taxpayers.... and people complain about paying the unemployed 70 or so quid a week in benefits for doing nothing, when we are suffering austerity to finance the opulent lifestyles of the banks shareholders.
Posted on: Fri, 24 Oct 2014 14:37:46 +0000
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