Reference 10

The Bank of England is a Privately Owned Central Bank
(Many of its stockholders, also, own stock in the privately owned Federal Reserve System.)

The start of World War I, in 1914, was the event which resolved England's economic problems, for a few years, until the Arnmistice in 1918.

After the war, the English Banks returned to "Business As Usual."

Between 1919 and 1926,
there were more than 500 workers' strikes demanding a minimum wage and the end to, having children as young as 5 years, working in the mines.

"The new Duke of York accepted the position of patron and president of the Industrial Welfare Association, an organization founded to improve the lot of manual workers.
In 1920, this was a daunting task, for little had changed, since the time of Dickens:
in factories and mines, workingmen's compensation and pensions were not even imagined;
one lavatory had to do for hundreds of men and women;
working conditions bred disease and depression;
and no consideration was given for the education of poor boys, who from the age of five or six, worked alongside their elders."
(Page 182, Cited Below.)

"In Fact, all of England was in a wretched economic and social plight. Just one week, after the birth of Princess Elizabeth,...(Born in 1926, and, now, England's Queen Elizabeth.)>... a general strike was called--the worst of more tha three hundred labor disputes afflicting Britain, that year.
(Page 202, Cited Below.)

"In support of the coal miners' rejection of pay cuts and longer working hours, every union stopped work on May 4.
Trams, buses, gas, electricity, the underground--[subways], and other essential services halted, and a national state of emergency was declared.

But there was little violence, volunteers pitched in by the thousands, and a week later, the strike by four million workers was called off.

Only the miners refused to return to work--until near-starvation forced them back, six months later."
(Page 203, Cited Below.)

"Since 1931, Britain had been in the throes of the Worldwide Depression, and every town [in England]seemed affected--the industrial areas were particularly hard hit.............. Almost three million people (twenty-five percent of the total labor force) were unemployed, and in London many great private residences were sold and turned into hotels. Yet, the class system was still triumphant. One percent of the population owned sixty-two percent of the nation's , and ten percent of the people owned ninety-one percent wealth. .......................Nowhere was there any visible signs of stability." (Page 226, Cited Below.)

The English Economic Disease called, "hard times", lasted through the Thirties.

The relative prosperity in the United States, was doomed to be infected, however, and bring to an end the unique American experience called, "The Roaring Twenties".

The Central Bank of the United Sates, called the "Federal" Reserve System, shut off credit lines to the millions playing that famous American "Lottery," called the New York Stock Exchange.

Many insiders, who were privy to the coming "Credit Contraction", orchestrated by the "U.S. Bank Cartel", called the "Federal" Reserve Board (FRB), sold their stocks "short" and benefitted at the expense of the many "leapers", who jumped to their deaths, when "The Crash of '29" wiped them out.
Some of now-well-known names, who so benefitted, were Joseph P. Kennedy, father of JFK, The Rockefeller Family Trusts, and many of the Financial Elite, who quietly increased their fortunes.

Once, again, proving the dictum, "...the rich get richer during economic down-turns."

When money gets scarce, only those that have the most, benefit.

Citations above are from"The Decline and Fall of the House of Windsor," by Donald Spoto, Simon & Schuster, 1995; Simon & Schuster, Rockefeller Center, 1230 Avenue of the Americas, New York, NY 10020.

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