The government must eventually tax the citizens to repay the money it owes to the central bankers. As time goes on, the tax burden grows and grows until the peasants can’t be taxed anymore and the government can’t borrow any more. So you will go to work…work 5 days a week…and at the end of the week, a bigger and bigger chunk of your earnings will go to repay the debt that the central bank says you owe to it. You work for the central banks mystery shareholders. What…didn’t they tell you?

If you have wondered why your taxes are rising and the services you get seem to be getting worse and worse as you get hit with more and more punitive charges from the state for everything from fuel to fines to everything else…now you know. The money has to go to the central bank’s shareholders.

But where does all the money that the central bank makes in profits go to? Well, like any bank, it goes to the shareholders. The Treasury of the UK owns half of the bank of England and the other half is owned by other parties, who are not publically known. So these guys collect half the interest on our national debt, which they supply out of thin air and have a legal monopoly on. WE can’t buy shares in the central bank….if we could, I’d sell everything I own and do it! 

 The second is that the central bank is a fantastic business model and an exceptional means of social control. All you do is create a few bits of paper and send it to the government and then wait until new houses, yachts, bars of gold and anything else you want comes flowing back in through the door! 

More importantly, you can regulate the economy through the creation and destruction of credit, the imposition of tight or lax lending standards over the population. Best of all, you get to play the stock markets and the property markets knowing the future….because you create it! What a wonderful scam…I just wish I’d thought of it first. The best part is….no one knows anything about it….people are completely oblivious to the existence of the other shareholders and the money creation process. I remember sitting in economics class when I was 15 having parts of this explained to me and I immediately thought that I had to become a banker…so I did. Now…don’t tell anyone!

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For More information on specific Banks use these links

• Alliance & Leicester
• Barclays
• Capital One
• Child Trust Fund
• First Direct
• HSBC
• Post Office
• Tesco Savings

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Tags: Bank of England, Central Bank, Money, National Debts, Tax, The Treasury

Big government isn’t just expanding in the UK, in the Euro zone and the US as well, the reach of government and it’s control over the daily lives its citizens is reaching Orwellian proportions.

Yesterday, the ITEM club and several other prominent economists sent a letter saying that the chancellor should be lowering taxes, not ramping up spending and risking a hyper inflationary holocaust.

When you try to spend your way out of a recession, the results are as predictable as dropping a snooker ball out of a window….it’s a cause and effect thing…you drop the ball…it falls due to gravity. When you attempt to spend your way out of a recession, soaring inflation, a plunging national currency which we are already seeing and the huge ramping up of national debts, follow. Drop the snooker ball….gravity takes over. Spend your way out of a recession and inflation, increased national debt and a declining currency follow…see how that works? Cause and effect. 

Milton Friedman and his wife have demonstrated this connection clearly and without argument. History has shown this over and over…not one attempt to spend our way out of a recession has ever worked. Jim Callaghan said it in 1976 with his famous quote “in all candour that the option of reversing a downturn by deficit-spending simply “doesn’t exist”.

What is Gordon the Gofer saying? “We are spending more to get the economy moving,” said Brown last week. “That’s the right thing to do.”

It’s not right for the man in the street. It’s not right for future generations, it’s not right for people on fixed incomes…but it is right for a desperate prime minister, it is right for the cities investment bankers and people in the public sector who will benefit from the extra work.

If you’ve never seen someone trying to put out a house fire with petrol….sit back and enjoy a lunatic who believes in fundamentally discredited principles of economic management at work. He’s made some mistakes, but this is by far his most damaging to date….most just don’t know it yet.

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For More information on specific Banks use these links

• Alliance & Leicester
• Barclays
• Capital One
• Child Trust Fund
• First Direct
• HSBC
• Post Office
• Tesco Savings

Related Websites

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Tags: Chancellor, Euro Zone, Hyper Inflationary, ITEM Club, National Debts, Recession, UK, US