The private Bank of England helped King William finance his war. Rich people subscribed £1,200,000 in gold and silver which was lent to the king at 8%. The king then allowed the bank to print £1,200,000 in banknotes and lend them. In effect, the bank created money out of thin air as it lend the same money twice.
Suppose you borrow $35,000 to buy a car. You visit your bank for a loan. It asks for a collateral and you sign for the amount with an agreed rate of interest.
Then the bank makes an entry on the computer and,$35,000 will appear in your account . But seconds earlier that money did not exist. It was created out of thin air – so to speak.
Sir Josiah, later Baron Stamp, former director of the Bank of England, said............
“ The Bankers own the earth. Take it away from them, leave them the power to create money, and they will buy it back. Take that power away from them and their great fortunes will disappear, and they ought to disappear, for a happier and better world to live in. But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create money.”
The Congressional Record of February 9, 1917.....................
“In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interests, got 12 men high up in the most influential newspapers in the United States and control the daily press of the United States .They purchase 25 of the greatest papers.… an editor was placed at each paper to supervise and edit information regarding militarism, financial policies, and other things of national and international nature.”
President Woodrow Wilson, just 3 years after passage of the Federal Reserve Act, wrote:
“A great industrial nation is controlled by its system of credit. Our system of credit is concentrated in the hands of the Federal Reserve System. The growth of the nation, therefore, and all our activities are in the hands of a few men….''
I've don't have enough money to lose sleep over but then, the lack of it, maybe I should start to.
I have more bones to pick with media,
Either you repeat the same conventional doctrines
everybody is saying, or else you say something true, and it will sound
like it's from Neptune.
Noam Chomsky
that's why you can only trust 10% of mainstream media when it comes to politics or military news................
even CNN was caught trying to falsify reports of an uprising in Tibet..................
the joke is that the pictures clearly show Indian cops......................complete with turbans even !
Like this how, since u guys already take in capitalism as the mainstream of social system, you want to change it?? You need a new system to do a revolution ya, dun just talk n talk and expect people to listen to talk.
So, now I have dig some soil at my garden to put my money there, under my lovely banana tree. But that will get depreciated without any interest, I think it is still better to put in the bank, like it or not, Bankers are still better than Bonkers
at least people that are very naive ....................i don't want to name names lah..............
at least they know mainstream media is being controlled by a select group (mostly jews).......................
by controlling media..................they control how people think..................
IN MY INFINITE COMPASSION...................i'm compelled to free these naive people from their ''mental prison''.................
We are lucky to have bankers standing as PAP candidates this time.
Such talents include Gan Thaim Poh from DBS and Foo Mee Har from SCB. Also MAS star Heng Swee Kiat
VOTE WISELY! VOTE FOR THE PAP!