“WHEN the whistle blew for the start of the Great
War in August 1914 the Bank of England possessed
only nine millions sterling of a gold reserve, and, as
the Bank of England was the Bankers' Bank, this
sum constituted the effective reserve of all the
other Banking Institutions in Great Britain.

The bank managers at the outbreak of War were seriously
afraid that the depositing public, in a panic,
would demand the return of their money. And, inasmuch
as the deposits and savings left in the hands of
the bankers by the depositing public had very
largely been sunk by the bankers in enterprises
which, at the best, could not repay the borrowed
capital quickly, and which in several and large..scale
instances were likely to be submerged altogether
in the stress of war and in the collapse of
great areas of international trade,

it followed that
if there were a widespread panicky run upon the
banks, the banks would be unable to pay and the
whole credit system would collapse, to the ruin of..THE LIFE/SAVINGS OF millions of people.

Private enterprise banking thus being on the verge
of collapse, the Government..(Mr. Lloyd.George at the
time was Chancellor.of the Exchequer)..hurriedly declared
a moratorium,..i.e. it authorized..the banks..*not to pay
out..in gold or silver coin//*..(which in any event the banks could not do),

and..it extended the August Bank Holiday
for another.three days...to concoct bank bills into fiat money

During these three or four days
when the banks and stock exchanges were closed,
the bankers held anxious negotiation with the Chancellor
of the Exchequer. And one of them has placed
upon record the fact that 'he (Mr. George) did everything
that we asked him to do.'

ie treason

2B
ct

When the banks reopened,..the public discovered that, instead..of getting their money back in gold,/silver they were paid in a
new legal tender of Treasury notes..[read BANK BILLS]..

(The original emergency Bradbury Treasury Notes printed only on one
side. £1 notes in black and the 10s. notes in red).
http://www.ukcolumn.org/sites/default/files/Bankers%20Bradbury%20and%20the%20carnage%20on%20the%20Western%20Front!%2030:11:12.pdf

This new fiat..[by decree]//paper..promise..of coin..[aN iou..]
was deemed..by state..to be legal[not lawfull]..pAYMENT/for valiue..ie currency whichhad been issued by the State, was
backed by the credit of the State, and was issued
to the banks*..to prevent the banks*..from utter collapse.

The public cheerfully accepted the new notes;
and nobody talked about inflation.

To return, however, to the early war period, no
sooner had Mr. Lloyd George got the bankers out of
their difficulties in the autumn of 1914 by the issue of
the Treasury money, than they were round again at
the Treasury door explaining forcibly that the State
must, upon no account, issue any more money on
this interest free basis; if the war was to be run, it
must be run with borrowed money, money upon
which interest must be paid, and they were the gentlemen
who would see to the proper financing of a
good, juicy War Loan at 31/2 per cent, interest,

AND NO ONE WIMPERD

and
to that last proposition the Treasury yielded. The
War was not to be fought with interest-free
money, and/or/with conscription of wealth; though
it was to be fought with conscription of life.

continued at link
http://www.ukcolumn.org/sites/default/files/Bankers%20Bradbury%20and%20the%20carnage%20on%20the%20Western%20Front!%2030:11:12.pdf

In my business I come across many younger people who cannot take care of themselves. They need electronics to get across suburbs. A lost 'device' causes panic. However many have come from single parent households where it is 'catch as catch can'. They can't cook and they have no routine of weekly menu-driven raw food buying and meal preparation from 'scratch'. Home cooked food is unnatural to them, as is food make from flesh ingredients without all of the chemical enhancers and fillers.

The future is already here, they are buying pre-cooked meals in reheatable packs. The suppliers are slow to move from their origin in the diet industry and they are not a wake up yet to the $$ to be made from diversifying away from their boring diet menus.

Apart from that,

- online stores with delivery;
- small expensive niche grocery and foods from small businesses in trendy 'burbs; and
- continuation of the awful Night Owl convenience shops. That is if fuel stations cannot replace them (because fuel stations are being rationalised in any event to make more $$ for oil companies).

it was to be fought with conscription of life. Many
small businesses were to be closed and their proprietors
sent overseas as redundant, and without any
compensation for their losses, while Finance, as
we shall see, was to be heavily and progressively remunerated.”
So there we have it in a nutshell!

The real values of the private
bankers and the City of London exposed for all to see.
Whilst hundreds of thousands of British soldiers were dying
on the killing fields of Flanders and elsewhere doing what
they saw as their patriotic duty, British bankers, safely out of
danger and not sharing the appalling conditions on the Western
Front, were only interested in one thing – how to make obscene
profits from Britain’s desperate efforts to win the war.

To say that the private bankers and the City of London have
the morals of sewer rats is to be extremely unkind to our little
rodent friends. But this is the clincher. As a direct result of
the greed and treason of the British private bankers IS REVEALED

edited

hyperinflation
spiralled out of control and a loaf of bread was
bought with a barrow load of almost worthless paper money.
To this I just say look again at what actually happened in Germany
at that time. It was not the Weimar’s treasury but it was
the privately controlled central bank, the Reichsbank, who
was printing the money, coupled with the extreme actions of
currency speculators and foreign investors that caused all of
the problems. Take a look at these two links:
http://www.globalresearch.ca/the-weimar-hyperinflation-could-it-happen-again/13673
http://www.freestatevoice.com.au/politics/item/1064-how-hitler-defied-the-bankers

One Under God

I am sorry I can't have a debate with you because I don't understand your syntax, I don't understand your logic and it appears to me you copy stuff off the internet out of context that really doesn't relate to what we are talking about. In future I will leave it to others to make sense of what you are trying to express, which is often in pejorative terms, and usually in the armoury of the ill-informed

Bazz..

As I said , change is always with us and I agree wholeheartedly with you that centralised economies don't work, but only ones controlled by governments. (what other kinds are there?) They should get out of the business of commerce and trying to influence the economy surrounding them. A bit of diplomatic influence overseas doesn't go astray, but otherwise leave it all to the people who know how to run a business and if it fails, let it fail as the government did in Iceland. A couple of years later that country is forging ahead.

I don't agree with you about the local supermarkets eventually replacing the large ones such as Coles & Woolworths. The disadvantage they have is their limited buying power and their inability to ride a recession because they would be under capitalised. I do agree with you over the fact that the chances of a crash are very high and we can look forward to a lot of social unrest as inevitably the population will blame the government and expect more bail-outs. Other people's money !