This act was written when the Bank of England was founded in 1694 – with the intent NOT to oppress “Their Majesties’ subjects”.
Its Section XXVI says “Corporation not to trade”. That means no “financial products”. No buying and selling of currencies, debts or other “instruments”.
The Act is published by the Office of Public Sector Information which is Part of The National Archives.
The act seems to have been written with the intention of “Their Majesties’ subjects not to be oppressed” by the Corporation.
Our Early Day Motion 1297 suggests that Her Majesty’s subjects have been seriously oppressed and that this oppression needs to be addressed.
Sabine McNeill
[...] 1, 2009 · Leave a Comment In 1694, the authors of the Bank of England Act anticipated that the power to create currency may be abused to oppress HM subjects. Hence they [...]
This is very interesting, considering that the British East India Company was created in 1600, Scotia Mocatta (gold/silver etc.) was founded 1671, and that Barclays Bank was founded in 1690. Do we have here a 400+ year economic war between the 1% sociopaths and 99% decent folks? Sure looks like it to me.
Having studied gold and silver for 35 years and traded it whenever I could afford to….
I would be delighted to join you in your endeavours,
Sabine.
Roger, Australia. (Always a gold savvy country.)
Call me anytime on 61-3-5461 3346 ….just try a couple of times if it’s 3 a.m. here!
[...] The first National Debt of £1.2 million at 8% interest was created with the Bank of England Act 1694 – when the Corporation was founded with the intention not to oppress Their Majesties’ subjects. See Enforcement of Bank of England Act 1694. [...]