Quantative easing scam

jph101

On Friday 12th October, channel 4 news ran a piece on the government getting a wind fall of 3.5 Billion pounds. The 3.5B was given back to the government from the bank of England. The 3.5B is 1% of 350 Billion pounds of quantative easing. The !% is the fee the government has to pay the bank of england for providing this service. I looked into the bank of england and read that it set up another company called the bank of england nominees. This company is protected by a royal charter, the officail secrets act and it was given the special privilage of not having to register shareholders with companies house.

My question is, if the bank of england just printed money up out of thin air (quantative easing), why do we pay them 3.5 Billion pounds just for making up money and why is this money given to a company whos shareholders identies are protected by the government? Who are these people who are making billions of pounds for turning on a few printers because im sure the ink and paper costs arent that much.

C_Mababejive

I think this story has largely slipped under the radar of most people becuase its a rather strange concept to grasp.

Of course we know the BoE isnt actually physically printing money but it is creating financial instruments out of thin air whose purpose is to debase the value of debt but also as a by product,it debases the value of the money in your pocket.

This is what happens when the currency of a country is not linked to anything more tangible such as gold.

You can create fake monetary instruments all day but you cant produce a single gold sovereign out of thin air.

The grand deception is slowly being revealed to all with an enquiring mind and the capacity to learn and understand.

Your bit of paper, is merely a picture of the Queen and it is only worth something whilst HM Government and the BoE says its worth something.

They can add to its value but historically,since the abandonment of the gold standard,they have simply reduced its value by stealth.

They have made fools of the prudent,the savers and those who have invested in pension vehicles such as annuities.

Banks...they have no money. They must be the only institutions which are licenced to lend out money which they dont have or that only exists on a spreadsheet.

So what are you to do to try and get the most benefit from your bits of paper before they are devalued even more?

Well im open to suggestions but off the top of my head id say swap your worthless bits of paper for tangible goods which you either need of necessity, want for quality of life enhancement or for tangible items linked to wealth preservation.

Of course you could buy other financial instruments.

The whole system is geared around the trading of debt and its eventual devaluation over time by inflation.

So why not join in?

Take on as much manageable debt as possible at the best rates possible.

Buy debt in the form of bonds.

Spend spend spend..

Oh and if you can earn some bits of paper in the black economy,go for it

Andrew_Cottrell

jph101 wrote: »

I looked into the bank of england and read that it set up another company called the bank of england nominees. This company is protected by a royal charter, the officail secrets act and it was given the special privilage of not having to register shareholders with companies house.

This article may help put your mind at rest.

Investigating the Bank of England Nominees Limited
This article appeared in Prosperity, October 2011

jph101

Intersting article, clears up a lot of the questions about the boen but still doesnt answer the question of paying £3.5B to the boe for printing money they just pulled out of the air. Why would there be an anouncement of giving the money back if it goes to the treasury anyway and surely if the money was always going back to the treasury it would be accounted for in the budget and wouldnt be seen as a windfall?