“I prefer liberty with danger than peace with slavery.” ― Jean-Jacques Rousseau We have seen how the promethean Lunar Society was instrumental in setting the wheels in motion to the Industrial Revolution. We shall also see the role they played in the demise of the Slave Trade and the promotion of the idea that all … Continue reading Deep Empire Part 3: Children of the Revolution
It is no coincidence that, hot on the heels of the monopoly on money creation handed to the bankers were the Agricultural and Industrial Revolutions, which both took off in the 18th century. These revolutions were driven in large part by the Empire’s embroilment in perpetual warfare financed by the private banks and their creation, … Continue reading Deep Empire Part 2: Fathers of the Revolution
Long ago the Bank of England, the model for virtually all central banks in the world today, was granted a monopoly on magic monopoly money – the power to conjure money from the very air and lend it out at interest. Today, the Bank plays more of a symbolic role as the regulator and overseer of the UK private banking system. The real power to create money has been transferred to private banks. Paper money has been replaced with electrons. When private banks make loans, they simply type numbers and enter them into electronic deposit accounts. These electrons function as 97% of the money in our economy.
The expansion of Britain’s nascent empire was made possible by financial institutions – banks, trading houses and insurance companies, primarily based in the City of London. This period saw countless numbers of merchant ships laden with muskets and cannons, crossing the Atlantic to Africa where the slave traders, having gone beyond merely kidnapping slaves with … Continue reading Deep Empire: Merchants of Misery
At the centre of the web, a mere square mile, where democracy holds no sway, where even the Queen needs permission to tread, lies the crux of world misery.