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The Crown is the Corporation of London, now known as City of London Corporation, and nicknamed the Square Mile. It is the privately held corporate City State of London. It has a Council of 12 members (Board of Directors),  headed by a 'Lord Mayor', whose election is 'regulated' by the Rothschild and other Banking institutions.

The City of London will remain outside the authority of parliament. Domestic and foreign banks will be permitted to vote as if they were human beings, and their votes will outnumber those cast by real people. Its elected officials will be chosen from people deemed acceptable by a group of medieval guilds[1]

It is here that the Rothschilds have their base of operations, and their Financial control center:

  • The Central Bank of England (controlled by the Rothschilds) is located in The City
  • All major British banks have their main offices in The City
  • 385 foreign banks are located in The City
  • 70 banks from the United States are located in The City
  • The London Stock Exchange is located in The City
  • Lloyd's of London is located in The City
  • The Baltic Exchange (shipping contracts) is located in The City
  • Fleet Street (newspapers & publishing) is located in The City
  • The London Metal Exchange is located in The City
  • The London Commodity Exchange (trading rubber, wool, sugar, coffee) is located in The City


Election of Lord MayorEdit

There are 25 electoral wards in the Square Mile. In four of them, the 9,000 people who live within its boundaries are permitted to vote. In the remaining 21 wards, the votes are controlled by corporations, mostly banks and other financial companies. The bigger the business, the bigger the vote: a company with 10 workers gets two votes, the biggest employers get 79. But, it's not the workers who decide how the votes are cast, but the bosses, who "appoint" the voters. Plutocracy, pure and simple.[1]

PowersEdit

The Lord Mayor's role, the Corporation's website tells us, is to "open doors at the highest levels" for business, in the course of which he "expounds the values of liberalisation". Liberalisation is what bankers call deregulation: the process that caused the financial crash. The Corporation boasts that it "handle[s] issues in Parliament of specific interest to the City", such as banking reform and financial services regulation. It also conducts "extensive partnership work with think tanks … vigorously promoting the views and needs of financial services." But this isn't the half of it.[1]

As Nicholas Shaxson explains in his fascinating book Treasure Islands,[2] the Corporation exists outside many of the laws and democratic controls which govern the rest of the United Kingdom. The City of London is the only part of Britain over which parliament has no authority. In one respect at least the Corporation acts as the superior body: it imposes on the House of Commons a figure called the remembrancer:[3] an official lobbyist who sits behind the Speaker's chair and ensures that, whatever the elected representatives might think, the City's rights and privileges are protected. The Mayor of London's mandate stops at the boundaries of the Square Mile.

ReferencesEdit

  1. 1.0 1.1 1.2 The medieval, unaccountable Corporation of London is ripe for protest
  2. Book Review of Treasure Islands: Tax Havens and the Men Who Stole the World
  3. remembrancer

External LinksEdit

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