First posted on Friday, 26 April 2013 at 21:21
The invasion force that carried William of Orange to England contained 463 ships and 40,000 men. It was almost twice the size of the Armada sent by Philip of Spain one hundred years before.
Within six years of deposing the rightful King of England, the Dutch financiers from Amsterdam who had backed the invasion of Britain, nominally under the leadership of William of Orange, together with the English Whig collaborators, sought to exact their return, with interest.They would fulfil their objective of taking control of the British economy, whilst installing themselves as its real governing force. This they did by establishing the Bank of England, the merits of which to its supporters were summed up in the oft-repeated sentence by its founder, William Patterson.
“The Bank hath benefit of interest on all monies which it creates out of nothing.”
The bank would be enforced as the only source from which government officials could borrow money, with the debt secured against public taxes. The country sold bonds to the bank in return for money it could not raise in taxes. The bonds were paid for by money produced from thin air. The government paid interest on the money it borrowed by borrowing more money in the same way. There was no way this debt could ever be paid, it has and will continue to increase.
Enough has been written about the scourge of fractional reserve banking, without going into detail here. Suffice it to say that, in times of economic upheaval, wealth is rarely destroyed and instead is only transferred. And it is those interests that control the money supply who benefit the most when money is scarce. When the majority of people are suffering through economic depression, you can be sure that these interests are continuing to get rich.
With the Dutch invasion of England and the founding of the Bank of England, the empire of Usura* entered history. Its hallmarks were power through the seizure of the money supply and the build-up of military might. These are what enticed the backers and collaborators of the invasion. These would be the twin pillars of Usura from this point on. Of the first £1.2 m raised as a loan with the Bank of England, half was spent on the building of warships. The omens were there right from the start.
*I have employed Ezra Pound’s collective noun describing the distended western economy with its lopsided foundation upon banking and the principle of "interest". Held within the term is the perennial struggle between the usurer and the producer, and the foetid decline when the former holds sway. Pound's famous poem says it all, and more.
With usura hath no man a house of good stone
each block cut smooth and well fitting
that delight might cover their face,
hath no man a painted paradise on his church wall
harpes et luthes
or where virgin receiveth message
and halo projects from incision,
seeth no man Gonzaga his heirs and his concubines
no picture is made to endure nor to live with
but it is made to sell and sell quickly
with usura, sin against nature,
is thy bread ever more of stale rags
is thy bread dry as paper,
with no mountain wheat, no strong flour
with usura the line grows thick
with usura is no clear demarcation
and no man can find site for his dwelling
Stone cutter is kept from his stone
weaver is kept from his loom
wool comes not to market
sheep bringeth no gain with usura
Usura is a murrain, usura
blunteth the needle in the the maid's hand
and stoppeth the spinner's cunning. Pietro Lombardo
came not by usura
Duccio came not by usura
nor Pier della Francesca; Zuan Bellin' not by usura
nor was "La Callunia" painted.
Came not by usura Angelico; came not Ambrogio Praedis,
No church of cut stone signed: Adamo me fecit.
Not by usura St. Trophime
Not by usura St. Hilaire,
Usura rusteth the chisel
It rusteth the craft and the craftsman
It gnaweth the thread in the loom
None learneth to weave gold in her pattern;
Azure hath a canker by usura; cramoisi is unbroidered
Emerald findeth no Memling
Usura slayeth the child in the womb
It stayeth the young man's courting
It hath brought palsey to bed, lyeth
between the young bride and her bridegroom
They have brought whores for Eleusis
Corpses are set to banquet
at behest of usura.