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Saturday 9 May 2009

Last Week's Quote: Bishop Williamson on 1694 & the Banks


"In economics, the founding of the Bank of England in 1694 was a major step on the way towards modern finance: central banks taking control of the money supply and therefore of the real government of the nations, by progressively replacing real deposits as the foundation of credit with fictitious credit as the foundation of "deposits"."

Bishop Richard Williamson
March 28, 2009

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