Abolishing the Financial Services Authority (FSA)

There is a fundamental fraud embedded in the new Conservative Party policy of abolishing the FSA and transferring most of its powers to the Bank Of England.

We are expected to believe that the Bank of England will protect our (i.e. the public's) interests.

In fact the very purpose of this bank is to protect the interests of the banking system, i.e. the interests of the private banks that create 97% of our money and charge us interest for the privilege of doing so.

It is easy to realise, indeed obvious, that there is a serious conflict between our interests and those of the banks.

The entire banking system is a fraud perpetrated against the public. These private banks are parasites on the back of all real wealth creators. The 'fractional reserve' banking money-creation scam has made them so wealthy that they, rather than we the electorate, control our elected representatives.

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