I initially thought he was wrong too, Stirling. But credit where credit's due,it seems he's right..

"The Bank Of England was originally a private bank, which contracted to lend money to the British Government in a financial crisis. It was privately owned at its foundation and remained so until the post-war Labour government nationalised it in 1946.

So it is owned by the government?

No.

Here is how Wikipedia explains it.

In 1977, the Bank set up a wholly owned subsidiary called Bank of England Nominees Limited, (BOEN), a private limited company, with 2 of its 100 £1 shares issued. According to its Memorandum & Articles of Association, its objectives are:- “To act as Nominee or agent or attorney either solely or jointly with others, for any person or persons, partnership, company, corporation, government, state, organisation, sovereign, province, authority, or public body, or any group or association of them….”

Bank of England Nominees Limited was granted an exemption by Edmund Dell, Secretary of State for Trade, from the disclosure requirements under Section 27(9) of the Companies Act 1976 , because, “it was considered undesirable that the disclosure requirements should apply to certain categories of shareholders.” The Bank of England is also protected by its Royal Charter status, and the Official Secrets Act.

In other words, you and I are not allowed to know who the shareholders are who own the company which carries out Central Banking in the UK. Some people say that Mandelson's buddies, the Rothschilds are major shareholders. Also the Queen. But the information is secret. We are not allowed to know.

But what would surprise everybody is that the Bank Of England, which is entitled to issue cash, then lend it and charge interest to the government, is still essentially a private business.

What would also surprise people is so is the Federal Reserve of America a privately owned bank, and all central banks of the world, including the Bank for International Settlements (BIS) in Switzerland, which is the Central Banks' clearing house."

Edited by legaleagle (11 Oct 2014 10.37pm)

War is a very profitable business for some members of the elite, especially in the US and especially for those Republicans who are part of that very wealthy gang. Iraq wasn't about freedom, weapons or revenge for 9/11. It was about opportunity and a lovely metaphor for capitalism.

Pity those poor parents who lost their kids for nothing.

Big chest and massive boobs

[Link]

You need to be looking at which US companies profited 2003-2009 and how much from being in Iraq not from the last few years. That was the time of the profit rush.

Big chest and massive boobs

[Link]

That was public money. The guys behind it made shedloads for their business friends.

Edited by Kermit8 (11 Oct 2014 10.57pm)

Big chest and massive boobs

[Link]

Kermy I've given you the profit breakdown per barrel......It's all there.

Iraq made....by vast amounts the most money per barrel.....Iraq awarded the contracts......Iraq took the contracts away.

Why.....If as you and others have stated that this war was...at least partly done for oil.....Why and how on earth would the US allow a tiny amount of profit per barrel?

Why would they allow the Iraqi government even the chance to take the contracts away?

The war cost to the US hasn't even even been touched by oil money.

It's the mantra of the misinformed.

Edited by Stirlingsays (11 Oct 2014 10.59pm)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

I provide you with facts me lad and in reply you focus on my dismissal of your characterization of CNN.

Of course CNN isn't anti American.....You used those words to describe what you feel CNN isn't. I simply stated the fact that in US terms it's about as left wing as they get....While admittedly finding amusement in your depiction of CNN.

How unusual for you to be watching CNN legal.

I was always interested in the claims of people about the motivations for the Iraqi war.....So I actually researched it....You see my arguments in the post.

I refer to facts legal.....Not quotes or biased narrative.

Edited by Stirlingsays (11 Oct 2014 11.08pm)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)