Listen to @EMBurlingame and I go over this on @_tommyspodcast this afternoon. https://t.co/BsNgxnDWUv
— Tom Luongo (Head Sneetch) (@TFL1728) April 11, 2025
The event that is driving the modern world over the last 400 years, almost 400 years now, is what is called the Peace of Westphalia, two treaties at Innsbruck, 1645, and Munster, 1649, fascinating. What it was was the transition from hereditary princes to merchant princes and bankers as the ones who are guiding and driving and owning the ship. That didn't happen in quite this British Isles which was beginning to become an empire under the British East Indies company because it had a very strong hereditary monarchy and nobility Henry VII had broken from the Catholic Church quite substantially and they had fought that out under Elizabeth so there wasn't their ability to do this religious Warfare in the British Isles that they were able to do on the continent to put themselves into power. They took a king out and worked with the Congress Kim the parliamentarian the industrialist they use the guilds Regulators in their bullies bully boys and they tore the king down King Charles the first who was fighting for the people to try and prevent all of this Cromwell came in Cromwell tries to do the same thing although in his dictatorial way and I'm no fan of Cromwell but I'm understand him cromwell's son was set up to for all intents and purposes be the next king although not titularly although Cromwell is the only man buried as a king in the United Kingdom that wasn't a king and I believe he's in Westminster there but I could be mistaken about that. The point is is that the fight that it happened on the continent that has led to the westphalian world right the westphalian modern world based off of banking, Finance International Trade, "rule of law," nation states Etc was basically the end of feudalism we fought it in the United Kingdom and the British Isles for about 40 to 50 years cromwell's son proved to be incapable of playing this game at this 25,000 ft level game so they brought one of the Stuarts back over. He was just a drunken womanizer. And so finally they brought William of Orange over this is the industrialist parliamentarians because that's who now had the power was the parliamentarians not the princes ostensibly over the people and the X checker and in 1688 he brought an army over funded by Continentals and took the crown of England by force at the invitation of the parliamentarian and the industrial estate were building up on the teams River at the time who needed the labor for their factories. Who had the labor? The princes. And their agrarian world so what happened in 1688 was this thing called the Glorious Revolution which is the biggest prawn stunt in the history of the world but it was anything but ever since the United Kingdom the British empire built out from there.
21:55. How does that factor into the formation of the bank of England in 1694?
It's a direct extension of that. Because what was happening is that the British Isles the Continentals still had all their own conflicts the British Isles weren't caught up in that and they had an Empire that was building out around the world where you got to infiltrate that Empire you've got to control that Empire you've got to use it energy and impulse and drive and how do you do that you control the city of London you control the King on the throne you make sure the king never has enough real power so that they are safe and secure on their own and you build up the parliamentarians you own and you transition power from the hereditary princes to the merchant princes instead
22:41. And then you control the monetary system the central bank or you can now control my argument at this point is that since then very intuitively and I only got this idea in my head when I read Neil Stephenson's Baroque Cycle, where he talks about that whole sequence of events I didn't understand but clearly the formation of the Bank of England was the beginning of this era of History we are coming to the end of this period in history where that style of Central Banking control of currency and currency Arbitrage has to end
