Many people believe that the Bank of England is a privately owned corporation. Many people believe that it’s owned by the Rothchilds.
Neither of these beliefs is true.
The truth is much worse.
The story of the Bank of England is the story of the British Empire. The British Empire was never a political empire. It was always a monetary financial empire, as much a parasite on the people of Great Britain as the rest of the world. The idea of the Victorian’s British Empire bringing civilisation to the darkest parts of the world is one that needs real reconsideration by many Britons.
The Bank of England was originally set up as a core part of the British Empire – making huge profits from loans to the British East India Company and other tendrils of the Great British parasite. The mainstays of the trading activities of these companies were drugs, warfare and the looting of raw materials from poverty stricken nations.
As the banker to the Government, the Bank also did quite nicely from lending to the Treasury, thank you very much. In those days, the profits of the Bank went into the hands of the shareholders.
In 1844, the Rothschild inspired desire to take complete control of Britain came true with the Bank Charter Act. This gave the Bank of England the monopoly on the production of Sterling, and control of Britain’s money supply. In Northern Ireland and Scotland, where to this day commercial banks are allowed to print their own money, they must have one Bank of England note in reserve for every note of their own that they issue.
1946 brought the “nationalisation” of the Bank. At the end of WWII, Britain was more or less bankrupt, so it was agreed that instead of paying cash for the shares of the Bank, shareholders would receive 3% Treasury stock instead. With the 1946 Bank of England Act, all the Bank shares were transferred into the possession of the Treasury solicitor, and there they are to this day. It remains a corporation, not a government department.