Please read my post “Bank of England Government and the Crown” http://gbenet.com/?p=910
WHO REALLY OWNS THE BANK? OWNERSHIP AND DEBT: WHO REALLY OWNS THE BANK?
By Kenn D’Oudney
Consider the facts and circumstances which reveal the falsity of the Bank’s statement which you cite, “According to their website, the Bank has been wholly owned by HM Government since 1946.”
For many people the duplicitous disinformation put out by the government and Bank of England has unsurprisingly been a block to their understanding the present phoney money system. That is its purpose. The question of ‘ownership’ is part of the deceit.
If the government claims technically ‘to own’ the Bank through certain Acts, deeds and documents, these are inauthentic, illegal and emplaced to deceive. Through obligatory observance of fundamental ethics and common law (not to mention constitutionally-speaking, de jure), the activities of the Bank (Usury and Fractional Reserve Lending; fraud) render the Bank a long standing ongoing criminal enterprise. If the government really did own it in the name of the People, then the People as Collective Owners have both the legal duty and power to bring it back to a state of financial probity. However, this they cannot do because under the present system the Bank (or rather, the Bank’s Owner) owns the government, not the other way around.
Consider the proud new owner of a house. He shows you his freehold title deeds and with satisfaction says, “It’s my house.” He doesn’t mention that he has a mortgage. He has ‘borrowed’ from a Building Society and owes the price of the house plus interest to someone else who (under the present bogus system), until the debt is repaid, is the real owner of the house. This is where the National Debt comes into play in considering who “owns” the Bank of England.
I must assume you are aware of the present mind-boggling scale of the ever increasing National Debt ‘owed’—to be repaid by taxation upon the folk for generations to come. If the People own the Bank through their government then they owe nothing to it; no ‘National Debt’ exists because people do not owe money to themselves. Nor do they charge interest to themselves! Taxation and the National Debt confirm that someone other than “the government” owns the Bank of England.