Welcome login | signup
Language en es fr
OccupyForum

Forum Post: The Bank of England, the Bundesbank and the European Central Bank all have the same power as the Federal Reserve to change interest rates without approval from government, first.

Posted 2 years ago on Dec. 26, 2011, 1:29 p.m. EST by FedWallFedWellFedUP (183)
This content is user submitted and not an official statement

The Bank of England, the Bundesbank and the European Central Bank all have the same power as the Federal Reserve to change interest rates without approval from government, first.

3 Comments

3 Comments


Read the Rules
[-] 1 points by PublicCurrency (1387) 2 years ago

The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.” – Sir Josiah Stamp, Director of the Bank of England (appointed 1928). Reputed to be the 2nd wealthiest man in England at that time.