The Bank of England cuts its rate.
The banks raise their rate.
A listener to BBC Radio 5 Live (not me, honest) texted into the Drive show, why don't we abolish private banks, and get our money, much cheaper, directly from the Bank of England?
Exactly, my friend! WTF do we need the banks?
Our money is electronic now. That's why our wages go straight into bank accounts and not into an envelope full of cash.
BECUASE THE MONEY DOESN'T EXIST!
We aren't supposed to see the money.
And yet the banks are turfing out hard-working families, over what?
NOTHING.
ABSOLUTELY NOTHING.
For that's what our money is.
NOTHING.
Thin air.
Numbers on a computer.
Members of Parliament should be thoroughly ashamed of themselves for allowing the monetary system we have to first develop and then be sustained.
When it first came into being, c. 1690, MPs were generally from the wealthier classes.
That is not the case now.
Sure, we've got Eton Cameron, and all the Oxbridgers.
They think because they have degrees from these 'elite' universities, frequently in law, that they can hide behind the media that the warmongers own, believing we don't want to know anything, either getting pissed and shagging around, or sitting with our horlicks watching Emmerdale.
But they have left a loophole as wide as the universe regarding money. I don't think they realise what they've done.
Their problem is that the biggest secret regarding money creation is oh so secret that it is rarely ever referred to in law. So when someone asks about the legal implications regarding fractional reserve banking, they don't know any. Why? Because most lawyers and solicitors don't know it is used. You look at the syllabus of any law degree, and that includes Masters and PhD. Fractional reserve banking is not one of the subjects studied.
Why? Because only a very small number of lawyers are supposed to know the biggest secret.
Write to your MP about it. Ask them if they know, where they got their knowledge, and why they think it is right that such power should be in the hands of warmongers when they are turfing out families into the street over thin air!
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From http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=558582&in_page_id=1770&ct=5
Mortgage lenders accused of raising deals just hours before Bank of England trims interest rates to 5%
Last updated at 18:09pm on 10th April 2008
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The Bank of England today cut its base rate by 0.25 per cent to 5 per cent to stop the economy's slide towards recession.
But relief for home owners was instantly undermined by a new wave of mortgage rate increases from Britain's biggest lenders
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