Over where they take their loans from since they no longer issue money on their own, your troll breath is showing it's stink. Nobody get to know.
(in part)
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.
the tap: Who Owns The Bank Of England?
Guess who kicked England's (business and banking) ass as soon as the 'won' at Waterloo?
Any of these 'facts' not facts?
(in part)
Fact 1: Currently this Canadian National Debt is around 600 Billion dollars - lots of bucks. And we are (and have been) paying interest on that debt at varying rates over the last 25-odd years - all in all, around one Trillion (no misprint - that’s a T - Trillion) dollars in interest (and I'm only dealing with the "national debt" here - add in the provincial debts, and these figures would be close to doubled, I expect, maybe more - and equally un-necessary for the same reasons). Lots and lots and LOTS of bucks that were NOT (have this in your mind) spent on health care (national Pharmacare program anyone?) or education (noticed skyrocketing tuition fees at universities the last few years?) or daycare, or infrastructure (heard about the decaying school buildings and city transportation systems lately?) or better old age security for those without private pensions - etc and etc. A Trillion dollars would have gone a loooong way with all of those things, and much, much more. But instead, our government, through deliberate policy decisions, chose to incur some serious debt and pay your tax dollars in "service" charges to people wealthy enough to be loaning the government money - rather than using OUR Bank of Canada to create the relatively small amount of money that was needed over a few years (that "small amount" morphed into a 600 billion dollar debt through some very shady and questionable interest rate hikes into usury territory in the early 1980s, coupled with the magic of compound interest - OUR Bank of Canada, instead of helping us, sticking it to us....).
Fact 2: Of this 1.6 Trillion dollars current debt plus interest already paid, only (a maximum of) 100 Billion, over a few years, was ever spent on actual programs of the Canadian government - all of the rest - around 1.5 Trillion - was/is interest and compounded interest on both the original borrowings and further money borrowed to pay interest etc. Think about that for a minute now - of the 600 billion currently still owing, and the one Trillion or so already paid in interest, from your tax dollars, only around 100 billion was ever used for programs. Kind of like a mafia movie - borrow a bit, and pay and pay and pay and pay forever. But why would the Canadian government be behaving like a cheap loser gambler hot for money for his next hot tip, and going to the nearest loan shark???? - especially when it had its own printing press just waiting????
Fact 3: The Canadian government chose to borrow that original 100 billion, over a period of several years back in the 1970s and early 1980s when it faced some relatively small budgetary deficits, from commercial sources - that is, direct borrowing from banks, or through issuing longer term debt instruments, usually government bonds or treasury notes.
Fact 4: Instead of borrowing that original 100 billion during those years, the government could have instructed the Bank of Canada to either print new “cash” money to be used by the government, or simply credit the government accounts on which it writes cheques to all kinds of people - the Bank of Canada could have done this at either no interest or nominal interest, if the money was to be considered a loan, or simply issue it free-gratis - as in, "We are the government, we have ultimate control over the money supply in Canada, the money supply needs to increase a certain amount every year to keep up with the growing population and new business and the growing economy, and we choose to increase it by crediting the government accounts with that much money, which we will then inject into the economy through our payments to suppliers of government services, or the salaries we pay to our employees, or the monies we issue the provinces for health and education transfers, etc." - don't throw your hands up shuddering government printing money oooooooo bogeyman!!!! Inflation!!! Bad!!!! just yet - that's part of the scam. Read on.
Fact 5: If the government had chosen to issue the money as described in Fact 4 rather than borrowing it - we would NOT have subsequently paid private “investors” over one Trillion dollars in interest on the resulting debt over the last 25+ years. The huge outcry during the last 15+ years (beginning with Mulroney and Wilson’s “Ball and Chain around our poor wee babies unto the Xth generation!” story, then carrying on with a vengeance through Chretien and Martin’s budgets of their first few years in which they out-Mulroneyed Mulroney, much to his surprise) about the huge debt requiring us to cut back (“slash!”) our social spending, etc, would never have been necessary - and we would not still have that 600 billion dollar debt on the government accounts, for which we still pay something like 30-40 billion dollars yearly in “service" charges (anyone from a farm background will understand the exquisite irony of that term, in light of this exposition of the debt myth - we are all, indeed, getting royally "serviced"), off the top, of your tax dollars.
Fact 6: The standard bank-government “economist” story about the above facts is that for governments or their central banks to “print money” causes great inflation and instability in the national finances (remember Germany or some place in the 1920s carrying around wheelbarrows full of money to buy a loaf of bread?!? horrors!! That’s what happens to governments “printing scads of money”!! (for a somewhat more detailed examination of what nonsense this is - actually more of a lie - check out Germany's 1923 Hyperinflation - a "private" affair by Stephen Arlenga; you can read more of this stuff at the American Monetary Institute - poor selection of title, sounds WAY too mainstream, but is not at all) - a completely different situation, in every way, than the Canadian situation of the 1970s, but they don’t get into that part of it, just the scary part...), and thus is very irresponsible of any government and must not even be considered - end of discussion.
From Here to There - The Great National Debt Scam
Rome put pics of Caesars on their coins, who do we have as our 'owner'. England didn't ask us to join WWII, we did it as soon as Britain declared war. That's not really being independent by any stretch of the imagination, fact is we have those agreements with more than Britain today, there is the US and Israel, no questions asked yet if we were attacked by any of them they would all be on the opposite side and Canada wouldn't even be able to get support from Haiti in a violent conflict. We are like the last kid on the playground to be picked by the two teams. We pay off the same ones the US pay off, if we don't our life will get more expensive, much more expensive, that's why everybody pays up and shuts up about it.
