Tag Archives: ponzi scheme

In the US, the rhetoric damning the Federal Reserve Bank in Washington D.C. is well known to anyone who listens to Jim Rogers, Peter Schiff and the rest of the ‘hard money’ crowd that are enlisted by Bloomberg TV to point out the blindingly obvious to the deaf and dumb masses.

But where is the outcry against the Bank of England?  Started in 1694 as a clawback of power by England’s aristocracy after having lost the Divine Right of Kings clause when Charles the 1st was beheaded, the BoE, the ‘Old Lady of Threadneedle Street’ is the mother of all central banks. From her loins springs the sum and in-substance of fiat fantasies fanning the flames of a monetary foolhardiness guaranteed to keep the poor poor and the rich rich.

Social mobility in Britain is restricted due to the 300 yrs of corrupt and insidious machinations of the Old Lady.  We are seeing this play out today as millions of home owners sink back into poverty after having been victimized by ponzi scheme wielding bankers in the City and by the largesse of easy student loans that are now the blight of millions of students in the UK.  This next generation will graduate with onerous debts that got piled high on top of the innocent sounding ‘top up fees’ introduced not too long ago when ‘growth’ was eternal and students weren’t forced to take relatively high paying jobs in defense or surveillance as the only way to stay ahead of banking reapers.

Protesters in the US can complain about Ben Bernanke and the Fed all they want, but until we see some solidarity with London, the primary source of the globe’s financial derangement, the Bank of England, will continue to pump class war, cronyism and fiat money into the British and world economy with the shameless glee of an invisible arsonist.