There is a fundamental fraud embedded in the new Conservative Party policy of abolishing the FSA and transferring most of its powers to the Bank Of England.
We are expected to believe that the Bank of England will protect our (i.e. the public’s) interests.
In fact the very purpose of this bank is to protect the interests of the banking system, i.e. the interests of the private banks that create 97% of our money and charge us interest for the privilege of doing so.
It is easy to realise, indeed obvious, that there is a serious conflict between our interests and those of the banks.
The entire banking system is a fraud perpetrated against the public. These private banks are parasites on the back of all real wealth creators. The ‘fractional reserve’ banking money-creation scam has made them so wealthy that they, rather than we the electorate, control our elected representatives.
In spite of the banks enormous wealth they have created trillions of dollars of worthless toxic derivatives that they hold in their vaults (but are not forced to declare in public). It is estimated that up to 1.5 thousand trillion dollars* of these worthless assets are now concealed within the banking system. If the banks were forced to reveal this information they would all have to be declared BANKRUPT. This is the reality of the situation.
Our governments’ solution to this situation is:
1) TO BORROW MONEY FROM THIS SAME BANKING SYSTEM (MONEY IT CLEARLY DOES NOT HAVE…..THE TRILLIONS OF DOLLARS ARE JUST ‘MAGICKED’ OUT OF THIN AIR)
2) THEN ‘GIVE’ IT BACK TO THESE SAME BANKS.
3) MOST SHOCKING. WE NOW OWE THIS MONEY TO THE VERY PEOPLE TO WHOM WE HAVE ALREADY JUST GIVEN IT (PLUS INTEREST…SO THE MONEY WE WILL PAY ‘BACK’ TO THE BANKS WILL BE SOME SIGNIFICANT MULTIPLE OF THE TRILLIONS WE ARE GIVING THEM).
What fools we are to allow these thieves to create money when our government could easily do so for itself at NO interest.
Have politicians kicked out the banks before in order for the state to create its own money?
US President Andrew Jackson did this.
US President Abraham Lincoln did this.
US President William McKinley was about to do this when he was assassinated.
US President John F. Kennedy did this.
Kennedy and Lincoln were also assassinated. Jackson survived two attempts on his life.
Do we begin to understand the kind of people that are running this banking system?
These enormous debts will present a major problem for our children and grandchildren. These debts represent real enslavement.
It might also be noted that if your livelihood disappears because of the ‘credit crunch’ these bankers have created and you fail to make your mortgage payments, then your house will be taken from you and, that’s right, given to the very people who created your problem.
Also, have you noticed how ‘quantitive easing’ (the brilliantly conjured label that has been applied to this process of unprecedented theft) has hardly featured in the news as a big story? Instead we had months of the ‘parliamentary expenses’ scandal and other trivial matters.
The people who control international banking are criminals and rogues on a literally unimaginable scale.
Neither have they finished yet.
It seems that a collapse of the dollar has been engineered** to occur within the next few months. When this collapse occurs the banking oligarchs will have their long-held plan for a single global currency waiting and ready to implement. Most worryingly, they may consider it necessary to have a short but severe war to soften us up to swallow this unpleasant pill.
We must educate ourselves…..
….oppose the system…..
…..and say our prayers.
Original source: http://kevboyle.blogspot.com/2009/07/abolishing-financial-services-authority.html