The City: Gold Capital of the World- Goldsmiths Part XXXI
Politics / Gold & Silver 2009 Feb 16, 2009 - 01:22 PM GMTBy: Robert_Bradshaw
In the early days of ancient Greece, governmental units called city-states developed. As these entities were feudalistic, the local fat cats controlled them. Perhaps from this organizational concept, other city-states developed in other parts of the world and often with surrounding walls. Over the centuries, these city-states proved hard to defend. So they largely vanished from the world scene; though some survived.
For example, in ancient times, there was a city-state called Jebus on the lower spur of Mount Moriah in old Canaan land. This Jebus was inhabited by Jebusites. By about 1000 BCE, King David of Israel captured the city and made it his capitol, and called it Jerusalem. The old city of Jerusalem even today still has a surrounding wall.
By Roman times, in Britain, there was a city-state called London on the Thames. It was protected by an ancient city wall and covered an area of about one square mile. This one still exists today as a city-state within the so-called United Kingdom (it is called “The City” today throughout much of the world). It still has much of its feudalistic character from its ancient past, though the city walls have vanished over the ages.
While the greater city of London grew up around it, this ancient city still remains with its own identity; and it is largely independent from the rest of the United Kingdom. Over the centuries, it gained fame as the world's most important trading, commercial and financial center. While New York evolved as being extremely important in commerce and finance in the late 20 th century, there is still some opinion that The City remains the world center for finance and commerce.
The City is governed by the historic Corporation of London, now called the London City Corporation (evidently chartered by the British government). This entity rules supreme in The City with the exception of two enclaves called the Inner Temple and the Middle Temple. These independent enclaves represent the professional bar associations in Britain (that shows you how powerful lawyers are in Britain).
The London City Corporation governs The City (with its own constitution and local government). It controls the local government made up of the Lord Mayor, a Court of Alderman (Justices of the Peace elected in the wards) and the Court of Common Council (chosen by voters in the wards). The Lord Mayor and two Sheriffs are chosen by Liverymen, from Livery Companies, meeting in Common Hall (there are some 100 livery companies which were originally trade associations).
While voters choose the corporation, it is actually a feudalistic corporation owned and controlled by the local city fat cats. Corporation members are chosen by voters as follows: Eligible voters must be at least 18 years old and a citizen of the United Kingdom, an EU country, or a British Commonwealth country, and either:
- A resident of The City
- A sole trader a partner in an unlimited partnership or
- An appointee of a qualifying body.
Each body or organization, whether unincorporated or incorporated, whose premises are within the City of London, may appoint a number of voters based on the number of workers it employs. Limited liability partnerships fall into this category.
This provision allows the businesses in the City to choose its government because there are only some 7,800 people living there, while the businesses employ some 340,000 workers. The business employers have votes for its employees (actually 32,000 votes); meaning that they literally control the corporation elections.
Of course, there are a variety of businesses in The City. But the primary big businesses are the banks and financial institutions. The London Stock Exchange and the Rothschild owned Bank of England are both located there. In Lucifer's Children, Milan Martin says that some 560 banks are located there (including the powerful N. M. Rothschild bank). With 560 banks and with their power to appoint the governing corporation, we can be sure that the banks own and direct The City.
The City has its own independent police force. Martin puts the number of police at 2,000 to control the one square mile area (with only some 7,800 local residents, as noted above).
Martin adds that if the Queen wants to visit The City she must have permission. She must walk ten paces behind the Lord Mayor. This means that The City is virtually an independent nation (much like the Vatican) for all purposes; despite being a theoretical part of the United Kingdom. It is not a part of the greater city of London or of any of the English counties; yet, it largely functions like one of the English counties but with great independence and little or no UK oversight.
Along with being perhaps the commercial and financial capitol of the world, The City has to be the gold center of the world. It has several distinctions on gold worthy of mentioning. First, it is the headquarters of the primary goldsmiths in the world--the world ruling House of Rothschild and the N. M. Rothschild bank.
Next it reportedly is home to the London Bullion Market Association which fixes the gold price at 10:30 AM and 3 PM daily. While these fixes may largely be symbolic today, they nevertheless are important historically. The London Gold Fixing is done by five members of the Association. They sit down and discuss the price until they come to an agreement. This has, in the past, taken some time but these days it usually takes only a few minutes.
Regardless of the present role of the London Bullion Market Association, it is a fact that The City has to be defined as the primary centre of world activity in the gold markets. If there is such a thing as the gold capitol of the world, it likely is The City. Therefore, it is crucial to understand something about The City in order to appreciate the global control and manipulation of the world's gold prices.
I submit that the gold manipulations now going on in the commodity markets are directed and controlled precisely from The City--surely by the goldsmith House of Rothschild.
Unless otherwise indicated, the above summary on The City and The City of London Corporation were essentially taken from the Concise Columbia Encyclopedia, the Internet's Wikipedia Encyclopedia and Answers.com.
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By Robert Bradshaw
Robert Bradshaw is a retired CPA and editor of Analysis of News at www.Analysis-News.com.
© 2009 Copyright Robert Bradshaw - All Rights Reserved
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