This Forum is Closed
March 29, 2024, 02:00:37 am
Welcome, Guest. Please login or register.

Login with username, password and session length
News: GGF now has a permanent home: http://forum.globalgulag.com
 
  Home Help Search Links Staff List Login Register  

The Bank of England controls The UK Treasury at No 11, Not the Other Way. FACT!

Pages: [1]   Go Down
  Print  
Author Topic: The Bank of England controls The UK Treasury at No 11, Not the Other Way. FACT!  (Read 729 times)
0 Members and 1 Guest are viewing this topic.
Jonnie Goodboy
Hero Member
*****
Offline Offline

Posts: 833


The Gulag Archipelago, - had 'Paradise Islands'.


View Profile
« on: February 08, 2011, 06:16:11 am »

www.bankofengland.co.uk/about/legislation/1998act.pdf
— Quote word for word from Page 8

'PART II
MONETARY POLICY
Role of the Bank
10 Operational responsibility
In section 4(l) of the Bank of England Act 1946 (power of the Treasury to give directions to
the Bank), at the end there is inserted “, except in relation to monetary policy”.'

Monetary Policy determines Interest rates ... the big decider ...
« Last Edit: February 08, 2011, 06:25:46 am by Two Tenners » Report Spam   Logged


"When the righteous become many, the people rejoice; but when anyone wicked bears rule, the people sigh".
— Prov 29:2

Share on Facebook Share on Twitter

Jonnie Goodboy
Hero Member
*****
Offline Offline

Posts: 833


The Gulag Archipelago, - had 'Paradise Islands'.


View Profile
« Reply #1 on: February 08, 2011, 06:36:00 am »

The point being: Today's £800,000,000 leverage on the BoE today, by the Treasury, is only an appeasement to the disappointed and potentially angry mob who are the public. The Total of Bank Executive and other Bank worker Bonus payments due this year, revealed today in the UK Media is £6Billion, and today's punitive measure on the BoE central bank adds up to a leverage of one pound in every £7½ of the bonuses forecast for this year of 2011.

At very best.
« Last Edit: February 08, 2011, 06:38:00 am by Two Tenners » Report Spam   Logged


"When the righteous become many, the people rejoice; but when anyone wicked bears rule, the people sigh".
— Prov 29:2
Jonnie Goodboy
Hero Member
*****
Offline Offline

Posts: 833


The Gulag Archipelago, - had 'Paradise Islands'.


View Profile
« Reply #2 on: February 10, 2011, 02:11:12 am »

Subsequent to this post, next day the BoE announces that it has been decided (~ or instructed to) release £180 Billion of New Loans to British Industry for this fiscal year with a 15% increase in loans to small businesses who have been completely rimmed by the bankers **** of the nation ...
Report Spam   Logged


"When the righteous become many, the people rejoice; but when anyone wicked bears rule, the people sigh".
— Prov 29:2
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
Free SMF Hosting - Create your own Forum

Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy
Page created in 0.053 seconds with 24 queries.