Bank of England - Gold

The Money Programme 13.06.08 a programme detailing the surging interest in gold as an investment. This clip sheds some light on how Gordon Brown through the "Central Bank" (Bank of England) managed to sell off British gold to the American market in return to fund the dwindling economy.

I believe this will shed some light on the gold market and also on the reality that is our banking system.

Category:

News & Politics

Tags:

• Bank
• of
• England
• Gold
• Central
• Banking
• UK
• Bonds

[piecraft]

What gets me is that they even admit to selling British gold to the U.S. for less and now we're still in a recession... and that the gold is regulated by a private company.

[Tzimnewman3]

Money is nothing but a promissory note. Nothing more, nothing less. The only value with the promissory note is that it should be backed up with something of value. I should be aboe to reclaim the value by handing back my promissory note but for obvious reasons they don't allow this anymore. Simply because its not there.

[shanepaulcoward]

At the time this was made the UK government was selling gold at $900 an oz. ''Balancing the portfolio?'' Gold is currently selling for $1290.90 an oz - you do the maths. They were either ripping us off or they had/have absolutely no idea what they are doing.

[shanepaulcoward]

@Consumerofknowledge BOE has simply acquired a lot more government bonds from the Treasury, and subsequently sold them on to the major banks. Through fractional reserve lending, this money is then multiplied as it is loaned by the banks, spent, banked again, loaned and banked etc. . . all at interest. Taxation is collected by HMRC and redistributed to the BOE at huge amounts of interest to the UK tax payer. They are printing money from nothing more than the promise of an IOU from the Treasury.

[Consumerofknowledge]

@shanepaulcoward I imagine with the current financial crisis, they have MUCH MORE money now!

[charleyhellfire]

The BoE has made £6 billion so far on their printing money out of thin air confidence trick - the question is; who gets that profit? WHO GETS THAT PROFIT???

[shanepaulcoward]

THE BANK OF ENGLAND IS FLEECING US ALL. It is a private company who found that lending money to governments and Kings was much more profitable than lending to the likes of you and I, Furthermore, that the levels of risk that 'the company' would be exposed to would be greatly reduced as they were guaranteed through taxation. Rothschild and Rockefeller, amongst others, are all rumoured to be share holders - but are of course kept secret. Rothschild family fortune alone estimated at $500trillion.

[shanepaulcoward]

Large numbers of people in the UK think that The Bank of England is a government institution. It is a private company that makes the majority of it's income by lending money to the UK government and then subsequently charging 'us' (the tax payers) interest. The combination of powerful international bankers like Rothschilds and weak and powerless politicians/governments has proven costly. UK citizens must wake up and see the bigger picture. Most people in the UK don't even look.

[truthlogic1]

people of uk wake up

we are in the biggest scam of the millenia!

BANO OF ENGLAND = PRIVATE COMPANY SHARE HOLDERS ARE A SECRET!

[steigerpower]

What a fantastic legacy from Mr Brown tenure?

Begs the question which parties of Countries had brought at BOE gold auctions back then?