Bank of England

Bank Of England Chief Tells Brits They’re Poorer After Covid & Energy Crisis

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Niamh Harris – The Bank of England’s chief economist Huw Pill has sparked outrage after saying that Brits must accept they are poorer after the Covid and energy crisis.

Pill, a former Goldman Sachs banker who earns £190k a year, says Brits must stop chasing big pay rises to keep up with soaring inflation and warned that their refusal to ‘take their share’ of the pain was generating the problem.

His comments emerged after figures showed food inflation still running at an eye-watering 17 per cent – with families struggling to get by. Continue reading →

Now It’s The Netherlands Trying To Get A Handle On Its Gold …

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goldJoseph P Farrell – So many people saw the following article on Zero Hedge and sent it along that I have to blog about it. In fact, I talked about this story in last Thursday’s News and Views from the Nefarium (July 27, 2017), and indicated that I regarded this story as so significant that I would probably write my thoughts out in a written blog as well. Here’s the story(and brace yourself, it’s very long):

Did The Dutch Central Bank Lie About Its Gold Bar List?

Now, what caught my eye were these paragraphs toward the end:

Again, all the Dutch gold is allocated, and yet DNB declared in a newspaper the bar list can’t be published because it would cost “hundreds of thousands of euros” – this has appeared to be an embarrassing statement and truly blows DNB’s credibility. If DNB doesn’t wish to disclose its bar list, for whatever reason, it would have done wise not to comment at all on this issue.

But why all the nonsense? Time to speculate. We’ll run through a few scenarios:  

Scenario 1) Publishing a bar list might limit DNB’s future flexibility to intervene in financial markets. Currently, DNB hasn’t got any gold leased out. But if the bar list would be published, my central bank would be obstructed in future covert leasing activities. Continue reading →

Bankers Tell It Like It Is

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LibertyGold&SilverBlog  March 4 2014 (Thanks, Gary)

Top 10 Quotes That Reveal Their Crimes

bankstersThe alternate financial media has been abuzz of late with bizarre stories of the alleged suicides of prominent members of world banking and finance. Over recent weeks, between eight and twelve (some say as many as twenty) successful traders and managers involved with FOREX trading and other derivative currency speculation, have conveniently “decided” to throw themselves from the roof tops of a variety of JP Morgan Chase banks in London, Hong Kong, and New York. Another top banking official, William Broeksmit, former executive at Deutsche Bank, was found hanged in his London home.

And others with strong connections to investment banking and the Federal Reserve itself have likewise met unusual deaths. Michael Dueker, former vice president of the St. Louis branch of the Federal Reserve, was found at the bottom of a fifty foot embankment below where he had just parked his car in Tacoma, Washington. The cause of death is still undetermined. The strangest of these deaths was Richard Talley, a former investment banker with Drexel Burnham Lambert who was alleged to have shot himself with a nail gun at least ten times in his Centennial, Colorado, home.

The keen observer will note that a great number of these deaths have occurred in tandem with the extensive multinational regulatory agency investigations of egregious fraud, price fixing, and “front run” trading in the FOREX markets and in the LIBOR index. These markets are gigantic and it is hard for the novice to comprehend the magnitude of money that is involved in daily transactions for both of these. The weekly volume on the FOREX market alone is excess of $20 trillion.

Continue reading →

Lies, Damned Lies, and Government Statistics [Video]

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corbettreport  December 11 2013

Late last month former Bank of Canada governor and recently-appointed Bank of England governor Mark Carney surprised many by criticizing the quality of the economic data being provided by the UK’s Office for National Statistics.

[youtube=http://youtu.be/cnXWuo9Hk8c&w=500]

To be clear, what was surprising was not that the ONS data is incomplete and misleading; everyone with an ounce of economic understanding already knew this. What is surprising is that a high-ranking bank official was admitting that the data they and the market in general is relying on is so unreliable. Find out more about the practice of cooking the books in this edition of The Corbett Report.

The Crown Empire And The City Of London Corporation

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WakeUpWorld  November 5 2013

World politics today is governed by the Vatican, but also by the Crown Empire. The modern world of so-called Western Civilization began at the end of the 17th century with the blossoming of the British Empire. That empire actually began several hundred years earlier with the establishment of the City of London, which is now an 800-year corporation that controls finance from an entity called ‘The Crown’. This entity is the creator and controller of the Bank of England, the US Federal Reserve, the World Bank (IMF – International Monetary Fund), The European Union, and various cartels and corporations across the earth.

The Crown Identity is kept most secret, and The Crown Bank of England took and assumed control of the United States during the Roosevelt Administration (1901-1909) when its agents, who were really Crown agents (J. P. Morgan), took over 25% of American business.

The Crown has never been the King or Queen of England since the establishment of the corporate body, but the British Monarchy is a figurehead for The Crown, rules parliament in Great Britain and has authority over the Prime Ministers through a Vatican knighthood called the Order of the Garter. The Crown, however, is not the King or Queen of England – they are an established monarchy of the corporate body.

The Crown is the directorate of the corporation, and Great Britain is ruled by The Crown, the City of London which controls the Bank of England – a private corporation. There is a private state existing in Britain within the centre of London. This City, located in the heart of Greater London, became a sovereign-state in 1694 when King William III of Orange privatised the Bank of England, and turned it over to the Vatican banksters who today rule the financial world.

Continue reading →