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[quote="thomas davison"]The Bank of England is a private bank, who is behind it? Why do they have the right to set interest rates? Why are they accountable to no-one? These questions must be answered before we let them wipe out peoples pensions and savings. Is this the biggest PONZI scheme in the world or has the Federal Reserve, another private bank, bigger?[/quote] The Bank of England itself is nationalised and has been since the late 1940s, Its interests rates and QE is very tightly dictated by private interests in the City of London. The BoE may be owned by the British Government but is controlled by private bankers, It is my view that the Imperial Party to add a new plank to its Platform, the a Bill needs to be passed through Parliament giving Parliament the 100% control of the entire issuence of currency and credit within the UK, and that Interest rates shell be set by transparant Parliementary debate. The Imperial Party should also support the issuence of Debt-Free Government issued Currency to be spent into the Economy on Clean Energy, Transport and Basic Infastructure.
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