Funny Money

This is from the book called THE EMPIRE OF “THE CITY” The Secret History Of British Financial Power by E.C.Knuth published in 1944 and republished in 2006 all about the British international financial oligarchy the reason why I like old books like this is because they give so much away to what is going on now in the banking scam if a government ran there own monetary system why would we be in debt to our own bank ? theres so many points like this to make so many anomalies in history most people do not see how inflation is there to make a paper note worth some thing as the whole system is based on debt
George Burton Adams, late Professor of History, Emeritus, Yale University, authoritatively develops in his "Constitutional History of England" that the members of the British Cabinet are strangely impotent; are not permitted to make any written notations of proceedings of the Cabinet; have no access to records of proceedings, if any, made by the Prime Minister; are not permitted to make reference afterwards to anything that had transpired at a meeting of the Cabinet (page 493). He further develops the utter lack of power of the House of Commons and of the House of Lords (pages 472-474); states "The House of Commons no longer controls the Executive; on the contrary the Executive controls the House of Commons." (Page 495.) There is a distinction between the Government of Great Britain, which is largely confined to the internal government of the British Isles, and the British Government which controls the British Empire.
Referring to "Great Britain, Banking In" in the Encyclopedia Americana, it appears that the Bank of England is not subject to any control by any governmental agency of Great Britain, and that it is above all government, despite the fact that it is privately owned and its directors are nominated by its proprietors. In the Encyclopedia Britannica of 1891 it is termed "a great Engine of Government." It is obvious that this privately owned foreign institution is now in grave financial difficulties with its loans and bonds and mortgages disavowed all over the world, and that it is being bolstered by huge funds being syphoned into it out of the treasury of the United States.
The 1943 edition of the Encyclopedia Americana (Vol. 13) makes this stunningly significant statement of the Bank of England, that full partner of the American Administration in the conduct of the financial affairs of all the world: "... Its weakness is the weakness inherent in a system which has developed with the smallest amount of legislative control ... its capital is held privately, and its management is not in any way directly or indirectly controlled by the state. On the other hand, during its whole history, it has been more or less under the protection of the state; its development has been marked by successive loans of its capital to the state in return for the confirmation or extension of its privileges, and it still continues to exercise powers and owe responsibilities delegated by the state ... The bank of England is controlled by a governor, deputy-governor and a court of 24 directors who are elected by the proprietors on the nomination of the directors ..." (This is a description of a privately owned structure of government, sovereign in its own right, and over and above the laws of England. A status admittedly attained by bribing dishonest officials of the Government of the British Isles through the years to gradually extinguish the freedom and rights of the people.)

That the nature of this strange bank is actually that of a secret holding company of colossal size is indicated by a reference in "England's Money Lords Tory M. P.", by Simon Haxey, to (page 158) Lancastshire Steel Corporation, subsidiary of the Bank of England.


The startling aspect of the dual nature of the British Government has the support of many eminent authorities on the subject, despite the fact that millions of American school textbooks and works of popular reference, and the books of thousands of pseudo history experts, have woven a fabric of deceit and created popular acceptance of an illusion and a fallacy by the cumulative live force of constant repetition.
The impeachment of this dual structure of government by Prof. Adams is fully supported by the authoritative "Laws of England" of the Lord of Halsbury, massive work of many huge volumes, and by the specific statements and writings of David Starr Jordan, late president of Stanford University, Gladstone, David Lloyd George, J. Ramsay MacDonald, Vincent C. Vickers, director of the Bank of England and of Vickers-Armstrong armaments works, Harold J. Laski and many others. "Better Times" by the Lloyd George in 1910 is particularly revealing. (See note)

The wide latitude of action of the agents and servants of the CROWN and their remarkable immunity from the interference of English Courts and of English law appears in the "Laws of England" of Lord Halsbury as apparent from a few selected passages as follows:
Vol. 6, page 388, art. 582— ... Nor can the Crown, by proclamation or otherwise, make or unmake any law on its own authority apart from Parliament, except in colonies to which representative institutions have not been granted. (This excepts only England, Canada, Australia, Union of South Africa and New Zealand, who between them have only 13% — almost the total white population of 68,000,000 of the Empire — of the people of the British Empire, from the utterly absolute and autocratic rule of the Crown, THE Bank and THE City.)
Vol. 23, page 307, par. 641 — If under a treaty with a foreign state, a government _I funds for the benefit of a private person or class of persons, although a moral \ Buy thereby be imposed upon the government to pay the funds so received to —, no action or petition of right, will be at their suit to recover the fund, and ultimate beneficiaries cannot compel the government to carry out the obli-
Par. 642 — An executive or administrative act of a subject, though in the first instance done without the authority of his Sovereign, will have all the effect of an Act of State if subsequently ratified. (This provides the facilities to make the law afterwards to fit the case, as developed by Prof. Edwin J. Clapp in "Economic Aspects of the War" published 1915 as having been the procedure in the matter of the American ship Wilhelmina.)
Par. 643 — The Sovereign can do no wrong, and no legal proceedings can be brought against him ...
Par. 648 — As regards Ireland, all of the official acts of the Lord Lieutenant are Acts of State apparently even if ultra vires (transcending authority conferred by law).


Crown, and of their authorized agents, are Acts of State. No action can be brought in respect of such acts; even where the agent is a British subject, and where, in carrying out the Act of State, he is committing an offense agaisnt English law ...
This give a fair outline of the adroit and dexterious machinery of government which is able to adjust itself to any situation and clothe it with a veil of justice and right, and which provides the tool to make the 435,000,000 colored people of the British Empire its utterly voiceless subjects; and which in addition has had virtually complete control of the government and commerce of China for over one hundred years, and of other apparently independent countries; so that it can reasonably be stated that over half of all the people of the world have liecn ite subjects up to recent times. Of this government the late President Jordan of Stanford University said: "Everything runs as though newly oiled, and the British public hears nothing of it."

The manipulations of the financial oligarchy at the Berlin Convention to modify the Treaty of San Stefano had enraged many of the people of Europe and there followed some serious racial riots in Germany and Russia. The coming war in China against the financial oligarchy would very likely have been quickly followed by an uprising in India, with the whole British Empire subject to a searching investigation of the entire Concert of Europe, in which the British would have had only the very weak French support. However, the great depression of the 90's provided a solution, with the whole world in the grip of over-production and lack of markets.
It appears that about 1895 the first of the series of secret treaties between Japan and Britain, which made Japan virtually a British robot, was made. The British financial oligarchy practically took over the Japanese banking system to finance her wars and the immense industrial expansion which eventually swamped the world with goods made in Japan. Of this deal, the former Kaiser Wilhelm II wrote in his "Memoirs" published in 1921: "Some day when Hongkong has gone the same way, England will repent of her act. ... When once Japan has made a reality out of her watchword 'Asia for the Asiatics' and brought China and India under her sway, England will cast her eyes about in vain search of Germany and the German fleet."
France had now recovered from the beating of 1871, and the oligarchy was ready to lay the groundwork for a new world-wide balance of power, to supersede the noxious supervision of the Concert of Europe. By the treaties that followed on January 30, 1902 and in 1905, Japan became as close and subservient an ally of Britain as was France; and this alliance continued for about 35 years until it was ended by the assassination of the Japanese statesmen associated with the international financial oligarchy.
The thought that this Frankenstein of the financial oligarchy would eventually turn against its creators was expressed by Prof. Usher in his "Pan-Americanism" published in 1915, in these words: "Nor should it be forgotten that the financial indebtedness of Japan, which taxes the capacity of that country to meet the interest and principal payments, is all owed in Europe and America. So far as any tangible evidence of that capital is in existence in the world, it is in Japan. . . The Japanese have only to repudiate their entire indebtedness to free the nation from a staggering load and put it at once in the possession of its whole economic development at the price of what they have already paid. The control of the Pacific, the annexation of the Spice Islands and the Philippines, the expulsion of foreigners, the assurance for all time of financial independence—these are indeed things to conjure with. And we who can clearly see so much at so great a distance with so little aid, may well pause to wonder how much more the Japanese themselves can see, and how long caution and prudence will counsel them to wait before attempting the attainment of such desirable ends."
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The oligarchy sent its Chinese henchman, Li Hung-Chang, on a tour of the European capitals to negotiate a Chinese concession to each of the Great Powers to allay the rising resentment of these powers in 1896, and to meet the coming Chinese Nationalist revolt.