Bank of England bailout looms as UK economy contracts: Families will pay the price

 On Monday, GB News published an article stating that Britain’s finances are in deep trouble. Public debt has reached 96.4% of GDP and a deficit of 5.1%, prompting warnings of a potential Bank of England bailout.

Economists have warned that this could lead to higher interest rates and mortgage costs, impacting households and the economy. Families will pay the price due to high borrowing costs, debt and potential interest rate increases.

The British economy is facing significant challenges, with public debt reaching 96.4% of gross domestic product (“GDP”), which is substantially higher than the 61.2% recorded in 1976 when the country required support from the International Monetary Fund (“IMF”).

The current economic growth rate of 1.2% and deficit of 5.1% are indicative of weaknesses greater than those experienced during the tenure of Labour Prime Minister James Callaghan.

The Government’s borrowing costs have increased dramatically, with ten-year gilt yields at 4.6% and thirty-year gilts at 5.5%....<<<Read More>>>...

Central banker tells his nephew: We control the press and the politicians

 “We control all press and politics.” Retiring Bank of England director Harry Pilkington spills the beans to his nephew in 1972 on a train journey. “I’m going to give you two pieces of advice to take through life: Firstly, never believe anything you read in the press because we control it. Secondly, never, ever believe a politician when they say they can do something because they can’t unless we say they can.”

Harry was leaving the Bank of England just as the global banksters were taking it over. Perhaps he sensed as much? The late 1960s and early 1970s were a high-point for British culture and living standards and it was to be all downhill from 1972 on, with the descent into de-industrialisation, the Heath/Wilson battle for the coal mines, the so-called IMF financial crisis which some economists believe was really a form of US bullying. Britain was being sabotaged.

In 1930, Pilkington married Rosamond Margaret, daughter of Royal Army Medical Corps Colonel Henry Davis Rowan of Rathmore, Greystones, County Wicklow, Ireland. Pilkington was known for his “warm-hearted personality”; when a young couple moved in nearby, they decided to grow roses but lacked the experience in pruning. The wife was acquainted with Pilkington’s gardener at Windle Hall, and made a phone call; the then-Lady Pilkington answered, telling her, “I’ll pass the message on, but Harry prunes all ours”- within the hour, Pilkington arrived at the couple’s house by bicycle, equipped with pruning shears. Even as a Governor of the Bank of England, Pilkington cycled around London, “to the delight and consternation of those who knew him.”

Then Justin Walker explains how he became interested in the money system, having an uncle who was a governor of the Bank of England from the 1950s to the 1970s, Sir Harry Pilkington. Harry explained to the young Justin, aged 16, that the bankers controlled the press and the politicians here in Britain, so not to believe either. Justin goes on to explain what a propagandised Britain we live in, with the rights of juries to reject bad laws and find people not guilty if they disagree with the law. At the heart of it all is the system of money creation and what is effectively a power cult, which is heading for a corporate tyranny and Orwellian future.

The BCG has events in Winchester at 11 am on Saturday, 19th November, at the Guildhall and in Bristol at 6 pm on Saturday, 29th October 2016, at the Watershed....<<<Read More>>>...

The ‘Problem’ in Need of a ‘Solution’ – a New Super-Controlling AI Digital Economic System Known as The ‘Great Reset’

 This long-planned coup on your livelihood and freedom would be run by unelected technocrats through AI and that’s why ‘elected’ (mostly by the minority) numbskulls are everywhere so you will be open to the demise of politicians.

All that’s needed now is for Farage and Reform to come in as the ‘new hope’ that prove to be just the same and the Cult will be over the line – ‘government run by “experts” [technocrats/bureaucrats] can’t be any worse than politicians!’

Game, set and match to the hidden deceivers.

And all along the answer has been staring us in the face – putting down the manufactured fault lines of divide and rule along with mass non-cooperation with all government policies based on deletion of freedom, oppression, and injustice whoever the target may be.

That means law enforcement and military refusing to follow orders from their masters designed to deny freedom of speech and impose oppression and injustice.

Too much to ask? A fantasy that will never happen? Probably. But if it doesn’t happen, we’re fucked....<<<Read More>>>

Food for Thought #603

 

Bank of England to Open “Digital Pound Lab”

 The Bank of England announced yesterday that they will be launching a “digital pound lab” to “experiment” with different “use-cases” and set-ups of the UK’s planned Central Bank Digital Currency (CBDC).

This signals the end of the “consultation and response phase” and the beginning of the “design phase”, according to the BoE’s website.

This is the first real news on the digital currency front for some time.

In fact, after an action-packed 2023 saw at least 135 of the world’s 197 nation states developing a digital currency, things have been eerily quiet on that front. Some nations – including Japan and Canada – have paused or even entirely scrapped CBDC development.

Even the Bank of England’s announcement of the lab contains much softer language than the previously energetic and enthusiastic endorsements of digital currency. Noting the CBDC would be “used alongside banknotes” instead of replacing them, and that “No decision has been made on whether to proceed with a digital pound.”...<<<Read More>>>...

How to survive “The Great Taking”

 “The Great Taking” is a plan by central bankers to confiscate all securities, bank deposits and debt-financed property, as revealed by former hedge fund manager David Webb.

The plan involves exploiting the global debt accumulation super cycle, rehypothecation of assets, and the centralisation of control over financial institutions.

To survive “The Great Taking”, Nick Giambruno suggests people should aim to be debt-free and own unencumbered assets within their direct control, avoiding fiat currency in bank accounts and unsecured liabilities.

Webb shows how the dark forces behind central banking have spent the last 50 years meticulously putting the legal structures in place worldwide to sever property rights for securities.

Gone are the days of physical paper share certificates and bearer securities, where you had control and ownership of the asset.

Today, your control and ownership have become increasingly distant as stocks, bonds and other investments have been centralised away from account holders and rehypothecated – a slimy practice where financial institutions reuse an account holder’s asset for their own purposes, creating multiple claims on the same asset....<<<Read More>>>...

Digital information bill could grant UK Government extraordinary financial surveillance powers ahead of decision on whether a CBDC will be introduced

 Big Brother Watch has been running a campaign called “No Spycoin” to alert the public to the risks of the UK implementing a central bank digital currency (“CBDC”).

Last year Big Brother Watch, a civil liberties campaign group fighting for a free future, published a detailed report examining the impact on citizens of CDBC projects in various countries. None of the projects passed the test of preserving privacy and prohibiting surveillance.

Although the Bank of England and the Government stated in January that no decision has been made to pursue a CBDC, also called a digital pound, in the same announcement it was proclaimed that “work will continue during the design phase exploring its feasibility and potential design choices.” To do this work, three years ago the Digital Pound Taskforce was created to work on the digital pound and related CBDC policy. Despite claiming no decision has been made, it seems they are indeed pursuing a CBDC.

Meanwhile, a bill is moving through Parliament which could grant the Government extraordinary new financial surveillance powers. Is it just a coincidence?...<<<Read More>>>...

Things You Need To Know About CBDCs

 Central bank digital currencies (CBDCs) have been a big discussion for several years now.

On one hand, governments and elitists feel the need for greater control and surveillance over the money supply. On the other, many citizens don’t want the government to have more control than they already do. People are concerned about privacy. Further, CBDCs do not solve the core issue with the money supply: central banks and their systems of perpetual debt.

It can feel unsettling to watch our world move toward greater amounts of authoritarian control, especially in areas where we have no control over what happens next.

That said, awareness can help organize movement toward non-support from the citizenry on these projects...<<<Read More>>>...

NatWest bank now demanding that customers explain why they’re withdrawing their own cash

  An alleged customer of NatWest bank captured a photo of a sign plastered across the doorway entry to one of the bank’s branches notifying customers that in order to withdraw their own cash, they must tell NatWest why they need it.

Based out of London, with a few locations in Southern California as well, NatWest allegedly told its customers via signage that in order to keep them “safe and secure,” customers will now be asked questions about the purpose of their cash withdrawals.

“We may also ask for supporting documentation such as an invoice,” the sign further reads. “This helps us validate the withdrawal as genuine and protect you against fraud and scams.”

The biggest fraud and scam of all is private central banking, of course, which has a stranglehold on the United Kingdom just as it does the United States. Nevertheless, this is the official story from NatWest as to why it has decided to start probing its customers’ intentions before allowing them to access their own cash....<<Read More>>>....