By TruePublica – May 11, 2020
As part of their activities to combat the economic fallout of Covid-19, the Bank of England has created a new scheme called the Covid Corporate Financing Facility (CCFF), to specifically support the UK’s biggest companies impacted by the crisis.
The Bank of England specifically said companies receiving or eligible for funds “will not be made public” and businesses are being made to sign confidentiality agreements. Campaign Group Positive Money reports that – “By the first week of April they had handed out more than £11 billion in bailouts with another £30 billion agreed – almost all of it hidden from public view. We’ve only learnt about a handful of company bailouts (such as EasyJet, Greggs, Redrow Homes and First Group) backhandedly through the press. And, to access the scheme, companies must be deemed to make a material contribution to the UK economy and have an investment-grade or sound long-term rating from a big credit rating agency – making the CCFF a highly exclusive facility.”
If a company meets these requirements, the Bank then purchases an amount of short-term debt from the company with brand new money it creates entirely for this purpose. This is public money pure and simple. To be clear, we are not publishing this because the CCFF is somehow wrong – only that the general public should know exactly what taxpayers are on the hook for and to whom.
During this time of crisis, the Bank of England must lift its veil of secrecy and make all it’s business bailouts public now. It is only right and proper that any company that has used sophisticated and ‘creative’ accountancy methods and devices to offshore profits be excluded from any bailout, no matter what the consequence.
Source Bank of England
As at last week, the Bank of England have issued £51billion drawing capacity to 105 businesses. Of this 52 have received taxpayer support and 53 are soon to get their bailout. A further 104 businesses have applied in addition and one could assume from that, that well over £100bn would have been given the businesses for bailouts – all in total secrecy by the end of May.
Should we be suspicious? Yes. It is another scandal but also a shameful fact that almost three-quarters of companies who have been given major government contracts have operations based via tax havens. So big are these operations they account for something like 20 per cent of total government procurement spending and as they are secretive operations by the nature of their tax haven status, one wonders who exactly is profiting from them.
In the meantime, as I’m sure many readers are aware, Tesco has paid out £900 million in dividends to investors despite securing a £585 million tax break from the Government. Irrespective of the arguments here, Tesco, who by their own admission, has a strong balance sheet, has taken nearly £600m from the taxpayer in a desperate moment to the benefit of its shareholders. Tesco biggest shareholders are the American giant Blackrock with Norges Bank and Schroders Bank close behind.
Thanks to TruePublica readers for bringing this story to our attention.
Just read the first paragraph to see the stunted intellect of this writer. The crisis started in 1971, we’ve been getting poorer in real terms since then. Then we had the dotcom bubble go pop and Clinton’s administration removed the Glass Steagall Act. Now the big conspiracy starts… all the big Central Banks set the controls so that banks all over the world lend like crazy. If you were a sensible smart banker and you stuck to sensible lending, you would either get the sack or your bank/financial institution would are bought out or destroyed like Bear Stearns.
So the Central Banks run by the BIS.org on behalf of the Rothschilds knew that by setting very simple parameters, all the banks would lend like crazy. This allowed for the imperialist policies undertaken during the 2000s & beyond. These policies were funded by debt. The US spent $3.5 trillion (could be higher, could be lower, but I doubt it’s lower) in debt on its adventures in the Middle East. Most of this debt was spent in the US, so one can only imagine the collapse in the US economy if this money had not been created and spent?
The debt bubble was deliberately created and popped in 2008 (7) to stop China and to impoverish workers in the West. Throw a curveball and hit more than one target. This only had a limited effect on China. So the US embarked on currency wars (most countries were involved) with China, they used sanctions were they could… even if it damaged their own dilapidated economy and they started trade wars with anyone, but China and the EU stand out.
The UK had Brexit, no one seems to understand that Brexit is a trade war with the EU. Boris says the UK will diverge from the EU. This means no comprehensive trade deal and more poverty for the UK sheeple.
Given the basic outline of what has transpired over the last 22 years (& further back), no one could argue that the West has its people’s interests at heart. This near quarter-century of global destruction didn’t stop the rise of China and Russia. The WW2 projects were either too successful or they became problematic, given the rise off missile tech.
We must remember that talk in Washington and London has been hot and nasty towards China over this period and more. As much as Nixon needed the Chinese, the deep state knew all along that at some point, China (& Russia) would need to be dealt with.
This brings us to Covid. It’s a curveball that needs to hit so many targets. Devaluing the sheeple before the robots turn up in force. Greater flock control. Restricting travel on a national and international level… how many Chinese students come to the UK? I heard 250k! Will they come back? The financial system was bust before Covid, so you can see why they needed to create all this new debt that the sheeple will need to slave away in order to pay off. Covid is a great cover for the financial mess and Brexit disaster.
Given the threat to the City, given that the UK was never going to get decent trade deals with the EU, China, or the US under Trump, it is blatantly clear that Covid is an MI6 ruse to establish the UK in the post Brexit/Covid world. And yes, I do believe that elements in the US are working to the MI6 agenda and I don’t believe Trump is involved in this, although I suspect Trump has a pretty good idea of what is going on. If you think Trump always wanted to be a one-term pony, than maybe Trump is involved, but I don’t buy that, I think Trump wants a 2nd term and the US deep state and MI6 don’t want Trump to get a 2nd term.
Like they say, timing is everything. US election year, financial system collapse, Brexit, rise of China, Russia now controls the oil price… this last one alone is enough for the City & Wall St to demand another world war & then Covid, real, fake or whatever. The world is being changed in a big way so that the City and Wall Street stay top dogs and who know, this soft power WW3 might become a hot WW3.
The patriots and Little Englanders out there will love what is happening. They will love the death, heartbreak and the staggering economic damage, just so they can believe “We took back control”, when the reality is that they’ve been shafted like the muppets they are. We’ve all been shafted, but some of us understood that Brexit was part of a much bigger global agenda. It was never enough just to leave the EU, no, they had to take everyone down so they wouldn’t look like the idiots they are.
BANK OF ENGLAND ?
its got sod all to do with england its a way to rob the people
This is a statement from an old intelligence man on his death bed, i wrote it down as he dictated.
lord Rothschild sent his 5 sons to the world capitals to instigate wars and then loan the money to carry them out.
before a world war the banks claw back every penny to then lend out at profit in the conflict.
The 1917 Russian revolution is sometimes called the Jewish revolution because the Jews used communism to seize the country and the Czars huge monetary assets in the London and Paris banks.
The remit of communism was to take the wealth of the people rich and poor and consolidate it in the hands of a very few called the elite, but done in such a way that the people thought it was being done for them, so Russia was robbed and thousands of churches were pillaged and burnt and millions of Christians murdered.
Rothschild then concentrated on Britain, clawing out the money and the Jarrow hunger marches were in protest over those dying of starvation, as Lord Rothschild was telling his homosexual apostles that a communist government was coming to Britain, and he predicted it by the year 2000, he told them it may not be called that but that is what it would be.
Germany under Adolf Hitler broke free of the international bank scammers and declared its own currency and the amazing success of this made the bankers worry as other countries could follow suit, many in England wanted to adopt the German economic system,
and in the USA Charles Lindberg wanted to introduce it there, Lindberg was a hot favourite to run for political office, but the jews took his baby son and in a passover sacrifice of Rosh-Chodesh on March 1st ritually murdered the baby, Lindberg had to retire from the election race, and a half wit German national was charged with the crime and executed.
So New York and London became the main areas of Jewish rebellion against the Germans who dared to throw out the jewbankers , Jewish led newspapers joined Hollywood and the BBC is issuing black hate propaganda to initiate a war on Germany, despite Neville Chamberlains 4 year secret study into the aims and directives of the Third Reich showing Germany had no intentions toward Britain, only to stop the constant threat of the Soviet communists.
lord Rothschild from around 1933 but in particular in 1936 had bulletins read out in every synagogue across the UK
saying jewish people prepare for war, get into any manufacturing concern that will accomodate this, and Herbert Morrison
( Peter Mandelson’s grandfather ) was posted by Winston Churchill as home Office procurement minister who made sure all MOD contracts went to fellow Jews.
Jews were told especially from 1936 to buy up any small manufacturing concerns from making boots helmets shell cases
uniforms, weaponry etc as war was coming.
The Home Office would send out the order for what it wanted to these firms who would then say how much in materials it needed to complete the task, they always ordered almost double the material needed and some of these jewish firms found themselves very rich
at the wars end.
These jews would bribe members of parliament to demand the government order more uniforms more Hillman staff cars more Rifles or more army shirts or whatever the jewish owner wanted to sell more of,
it was only after the war when huge stocks or army surplus took 25 years to sell off that the penny dropped the jews had robbed the British people again.
I myself saw an East End button making firms wartime books, they made buttons for military tunics, and the profits were astronomical
also some firms were using sheets of non ferrous metal, from wartime orders into the early 1960s
one firm had a contract to make so many million gas masks, and to complete that contract were still making them in 1968
they all lay rotting in a leaky warehouse.
this is why jews were called ‘war profiteers’ what they gained in this way be it food for workers or whatever was often sold for cash
and this was why jews were called ‘black marketeers’
Churchill’s body guard Walter Thompson said Marks and Spensers dealt with all MOD food supplies and Burton tailoring made all the uniforms and demob suits, monetary kickbacks went to Herbert Morrison Winston Churchill and Lord Lendeman.
However King George V was not happy with the jews push for war, and began to speak openly that he had seen his country smashed in W W 1 and would not allow it again, so Winston Churchill and Lord Rothschild spoke to the kings doctor Bertrand Dawson and the Kings doctor gave the King a fatal dose of Morphine, the King realised what they had done and his last words were to Dawson ‘god damn you ‘
This murder was a state secret, but once i had told of it, the official statement was then released that the King was dying and they just sped his death up to meet the mornings papers deadline, what bollox, justice was later served as lord Dawson of Penn was himself silenced in march 1945.
King Edward VIII we are told had to abdicate to marry Wallace Simpson, this is a lie, he was forced out by Churchill because he kept trying to make peace with Germany.
Neville Chamberlain, listed as the most popular Prime Minister ever and one who wanted to keep Britain out of the war died mysteriously in November 1940, his death certificate said, ’causes unspecified ‘ this is such nonsense that the most important man in the land have this on his death certificate so this was later changed to bowel cancer, Churchill’s bodyguard Walter Thompson claimed
before his death that the deaths of Chamberlain the King Mahatma Ghandi and the intelligence chief Vernon Kell were among a batch of murders ordered by Rothschild for Churchill to oversee
Carl Jones grow up take your medicine or f’img DO ONE we the PEOPLE voted for Brexiut and WON the vote!! So f’ing change the record or I will hunt ytou downn and free up the air form the rest of us you pathetic lotomized at birth waste of sewer dwelling scum
clear off carl the troll: hilarious. So you will hunt me down? You can come to me or I can come to you… why make it difficult? Methinks you are all mouth. On second thoughts, I won’t come to you, because you won’t show up. You can come too near me, time and place ect. Like I say, you are a moron and all mouth.lol