Our system is fundamentally skewed in favour of financial oligarchs in a manner that no 'regulation' can fix.
I have tried, quite hard, to find out who specifically controls the Bank Of England. One might as well try to paint the sky. We know that central banks and international bankers co-operate internationally. They say so. The BOE is controlled by these bankers, not by us nor our 'representatives', in spite of its 'nationalisation' in 1945. If the BOE really worked for us it would have created the £1 trillion or so given out during 'quantatitive easing' itself, at no interest, rather than borrowing it from the banking system.
.....and it could easily have done just that.
Now we must 'repay' this debt. In fact the bankers did not "pay" out anything at all. They created this debt out of thin air. The only people who do any paying are ourselves, the debtors.'
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I wonder how the Bank of England will investigate finacial crimes, a lot of which is going on within these so called upstanding banks and finacial institutions. This will be interesting to watch.
ReplyDeleteI wonder what will happen to the FSA in the end. Complaints to the FSA and all these other regulatory bodies fall on deaf ears and they fail to make proper investugations of serious matters, now the torch is being given to the BOE. Sometimes, I just despair at what is going on.
In the meantime, I need a bailout myself, I wonder who is going to help me.
I'm just sick of these greedy and corrupt banks and looking at other options now.