The War And Our Financial Fabric
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In our eReader you can find the full English version of the book. Read The War And Our Financial Fabric Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The War And Our Financial Fabric
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This is a psychological fact of significance. It is the Bank of England. That is the Bank ; the Bank that props up the nation, and which the nation in its turn props up. It is a mutual propping up. The one cannot fall headlong and leave the other stand- ing erect. Both must stand or fall together. As, THE CENTRAL FUND 81 however, in the consciousness of the community the nation is unshakable then it follows that the Bank of England is in the nation's view unshakable.
Let me say, before I procee...d further, that there is no delusion in this. It is a fact of tremendous import.
Where a delusion does exist is in the belief or consciousness that the Bank of England is a State bank and not a private bank like other banks. It is, however, a private bank, like other banks, performs similar functions, earns its profits in the same way and distributes its dividends to its shareholders in the same fashion. It is a proprietary establishment, run by the directors for the benefit primarily of its shareholders.
What to read after The War And Our Financial Fabric?
You can find similar books in the "Read Also" column, or choose other free books by Walter William Wall to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This is a psychological fact of significance. It is the Bank of England. That is the Bank ; the Bank that props up the nation, and which the nation in its turn props up. It is a mutual propping up. The one cannot fall headlong and leave the other stand- ing erect. Both must stand or fall together. As, THE CENTRAL FUND 81 however, in the consciousness of the community the nation is unshakable then it follows that the Bank of England is in the nation's view unshakable.
Let me say, before I procee...d further, that there is no delusion in this. It is a fact of tremendous import.
Where a delusion does exist is in the belief or consciousness that the Bank of England is a State bank and not a private bank like other banks. It is, however, a private bank, like other banks, performs similar functions, earns its profits in the same way and distributes its dividends to its shareholders in the same fashion. It is a proprietary establishment, run by the directors for the benefit primarily of its shareholders.
What to read after The War And Our Financial Fabric?
You can find similar books in the "Read Also" column, or choose other free books by Walter William Wall to read onlineMoreLess
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