In the beginning ..... The Bankster Families Who Control Opium Smuggling  

Barings Bank was an English merchant bank based in London, and one of the world's oldest merchant banks. It was founded in 1762 and was owned by the German - origin Baring family. Francis Thornhill Baring, 1st Baron Northbrook, was the Chancellor of the Exchequer (26 August 1839 – 30 August 1841) during the First Opium War. Francis Thornhill Baring was the grandson of of Sir Francis Baring, 1st Baronet, the founder of Barings Bank.

East India Company Act 1749 using silver to gold paying for tea.
REMEMBER THE FIRST DOCUMENTED ESPIONAGE BY ENGLAND TO STEAL THE TEA FROM CHINA
SO FROM PAYING FOR TEA IN THE 17TH CENTURY - 18TH CENTURY USING SILVER THEN THEY USE GOLD
NOW 21ST CENTURY THEY USE BITCOIN

Bitcoins use by tea trade brought to notice of Ministry, board
KOLKATA, JAN 5:  
The attention of the Commerce Ministry and Tea Board has been drawn to a section of small and specialised tea growers and exporters opting for US-based online trading platforms to use digital currency Bitcoin as a means of expanding their international business, bypassing the normal banking channels and thus depriving the Exchequer of revenue.

The price this kind of shipment fetches is fantastic, around $11 per 15 gm of tea. Any consignment of up to 4 kg, if sent out of India by an international courier, will attract no mandatory surveillance or monitoring.

In the winter session, several Members of Parliament raised questions about the use of the Bitcoin instrument by a section of small and specialised tea growers to sell their produce abroad. They wanted to know if the Government was aware of such practices, and if so, was it contemplating any action.

The Bitcoin instrument helps the exporter and the importer of tea clinch a deal directly without any middleman, thus cutting out the middleman's fees. The transaction can be completed within a few minutes and weekly holidays, bank holidays or strikes do not stand in the way of concluding the deal. Also, payments can be received from anywhere in the world without any bank transfer or the use of debit or credit cards.

The modus operandi is this: Bitcoin agents partner with a payment processor such as Bitplay (www.bitplay.com) who charges only one per cent of the transaction value. Bitplay has integrated itself with over 12,000 merchants in 30 countries. Bitplay is flexible in its approach, depending on the types of services it offers its customers.

Bitplay integrators/partners help people accept Bitcoins for merchandise and in turn liquidate the Bitcoins for them and deposit Indian rupees in their respective bank accounts. There are no hidden charges, nor down payments or investments to integrate with Bitplay. It is a free service, which many of our tea exporters are believed to be adopting and using.Similarly, according to tea industry sources, if one accesses www.madovercoins.com, one will find that all products are sold for Bitcoins to enable people to buy products sitting anywhere in the world.
(This article was published on January 5, 2014)
http://www.thehindubusinessline.com/industry-and-economy/agri-biz/bitcoins-use-by-tea-trade-brought-to-notice-of-ministry-board/article5541416.ece

1784 East India Company Act (Pitt's India Act)
 

The East India Company had grown into a powerful political and trading organization, rivaling that of the British Government, in effect ruling many of The British Empires territories. The bill differentiated The East India Company’s political functions from its commercial activities. In political matters The East India Company was subordinated to the British government directly.  The process was slow and required subsequent parliamentary acts to allow The British Government to fully separate The Company’s political control from its commercial activities. 

The East India Company Act 1784 (Pitt's India Act) had two key aspects:

Relationship to the British government: the bill differentiated the East India Company's political functions from its commercial activities. In political matters the East India Company was subordinated to the British government directly. To accomplish this, the Act created a Board of Commissioners for the Affairs of India, usually referred to as the Board of Control. The members of the Board were the Chancellor of the Exchequer, the Secretary of State, and four Privy Councillors, nominated by the King. The act specified that the Secretary of State "shall preside at, and be President of the said Board".

2014 Bitcoin The Queen gets cut out thus depriving the Exchequer of revenue !!!!
"bypassing the normal banking channels and thus depriving the Exchequer of revenue" 
Bitcoins use by tea trade brought to notice of Ministry, board

Pragmatism failed: dogma ruled and disaster followed.

What the Thatcher government actually did is bring in statutory regulation of the City for the first time.
They recognised that it wouldn’t be a club anymore and could not be regulated like one, with blackballing and refusal to deal with cads. Instead the law had to become involved:

“The FSA was incorporated on 7 June 1985 under the name of The Securities and Investments Board Ltd (“SIB”) at the instigation of the UK Chancellor of the Exchequer, who was the sole member of the company and who delegated certain statutory regulatory powers to it under the then Financial Services Act 1986.

The actual truth is that “deregulation of the City” was a deregulation of prices and ownership accompanied at the same time by a considerable expansion in statutory regulation. So it’s possible to claim that what, if anything, went wrong later is a result of the deregulation of prices and ownership, or of the deficiencies of statutory regulation, but not of a lessening of regulation itself simply because that’s just not what happened.

In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a billion dollars. Making a billion dollars is by all accounts pretty cool. But demolishing the monetary system of Great Britain in a single day with an elegantly constructed bet against its currency? That’s the stuff of legends.

The decision to join the ERM was championed by John Major, who was the Chancellor of the Exchequer in Thatcher’s cabinet.  In October 1990 Britain finally enter the ERM at an exchange rate of 2.95 Deutschmark (DM) for each British pound (GBP). The British government was obligated to keep the exchange rate within 2.78 DM to 3.13 DM.  Shorty thereafter, Major replaced Thatcher as the Prime Minister. The fixed exchange rate system was to be the centerpiece of his economic plan. Major thought that the ERM would serve as a sort of “autopilot” that kept the British monetary policy on proper course.
Hedge fund managers become billionaires by placing really successful bets. Managers earn around 20% of the returns that the fund creates (assuming the fund meets some minimum benchmark). So if your fund makes a bet that produces a billion dollar return, you and your partners make at least $200 million of that. Do that for a few years, especially if you place larger and larger bets, and voila! You’re a billionaire.  So in short, hedge funds try to make isolated bets using financial instruments. They borrow money to make the potential rewards even sweeter, and hedge fund managers can make boatloads of money when they bet right. And that’s exactly what Soros and his partners were about to do.

Fun Fact:

Three daughters were born at Cobble Hill, in Brooklyn, New York. Jennie Jerome, was  the second of three daughters born in 1854, and became the fabulously wealthy socialite who bought her crown / title for cash by when she maried Lord Randolph Chuchill. They met on the Isle of Wight, that the 19-year-old Jennie met Lord Randolph Churchill, the 23-year-old second son of the Duke of Marlborough, at a party.  The Marlboroughs were as disreputable in England as the Jeromes were in the US Charming and arrogant, they spent lavishly, demonstrating, as Prime Minister William Gladstone noted, neither morals nor principles.  Jennie and Randolph, who would soon become Winston Churchill's parents, fell in love at first sight. But they had to endure strong opposition from Randolph's family until a settlement of $250,000 by Jennie's father finally won the Marlboroughs over.

Lord Randolph Churchill, was a charismatic politician who served as Chancellor of the Exchequer; Lord Randolph died, apparently of syphilis.

She is the mother of Sir Winston Churchill's Earls, counts, even a future King - she had more than 200 lovers, some of them younger than her son. As a new documentary reveals, it's no wonder high society wits called Winston Churchill's wayward mother Lady Randy.