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

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Author Topic: The Bank of England controls The UK Treasury at No 11, Not the Other Way. FACT!  (Read 544 times)
Jonnie Goodboy
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« 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

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