Brown's State Thefts from QE already at 26 Billion Pounds

The thieving Government has already stolen 26.4 Billion Pounds of Britain's fast disappearing wealth by the Quantitative Easing program begun by the Bank of England a mere month ago.
The BBC report is here.

Printing money is against the Law!

The Bill of Rights is quite clear: “That levying money for or to the use of the Crown by pretence of prerogative, without grant of Parliament, for longer time, or in other manner than the same is or shall be granted, is illegal”.

The English courts have held that a resolution of the executive or just one House of Parliament does not change the law.

Stockdale v. Hansard (1839), 9 A. & E. 1, and Bowles v. Bank of England (No. 2) [1913] 1 Ch. 57.

Thanks for the facts and the picture to the blog The Anglo Saxon Chronicle, linked here!

BoE cannot create 150 billion pounds!

The Bank of England, contrary to all the media headlines this afternoon (this report is typical), cannot create one single pound note. It can print money, but the money so printed will be counterfeit and therefore worthless.

Our birthright is being stolen before our eyes by Brown, Darling and King and not a political voice is raised in protest.

Not a single word of debate on this decision has been heard in our Parliament, where the man responsible for this fiasco has refused to appear to answer Prime Minister's Questions for what will soon be four long weeks.