The Lord Mayor, who is elected for a one year stint, is the monarch in the City. As Aubrey Menen says in "London" , Time-Life, 1976, p. 16: " The relation of this monarch of the City to the monarch of the realm [Queen] is curious and tells much." It certainly is and certainly does ! When the Queen of England goes to visit the City she is met by the Lord Mayor at Temple Bar, the symbolic gate of the City. She bows and asks for permission to enter his private, sovereign State. During such State visits " the Lord Mayor in his robes and chain, and his entourage in medieval costume, outshines the royal party, which can dress up no furhter than service uniforms." The Lord Mayor leads the queen into his city. The reason should be clear. The Lord Mayor is the monarch. The Queen is his subject! The monarch always leads the way. The subject always stays a pace or two behind! The small clique who rule the City dictate to the British Parliament.
The Prime Minister, a busy politician, is not expected to understand the mysteries of high finance, while the Chancellor of the Exchequer [Budget Director] is only expected to understand them when he introduces the budget. Both are advised by the permanent officials of the Treasury, and these listen to the City. If they suspect that some policy of the government will [back-fire]... it is no use their calling up British ambassadors to ask if it is so; they can find out more quickly from the City. As one ambassador complained to me, diplomats are nowadays no more than office boys, and slow ones at that.
When we speak of 'The City' we are in fact referring to a privately owned Corporation - or Sovereign State - occupying an irregular rectangle of 677 acres and located right in the heart of the 610 square mile 'Greater London' area. The population of 'The City' is listed at just over four thousand, whereas the population of 'Greater London' (32 boroughs) is approximately seven and a half million.
The 'Crown' is a committee of twelve to fourteen men who rule the independent sovereign state known as London or 'The City.' 'The City' is not part of England. It is not subject to the Sovereign. It is not under the rule of the British parliament.
Like the Vatican in Rome, it is a separate, independent state.
It is the Vatican of the commercial world.
The City, which is often called "the wealthiest square mile on earth," is ruled over by a Lord Mayor.
Here are grouped together Britian's great financial and commercial institutions: Wealthy banks, dominated by the privately-owned (Rothschild controlled) Bank of England, Lloyd's of London, the London Stock Exchange, and the offices of most of the leading international trading concerns.
From the time of William the Conqueror until the middle of the seventeenth century the British Monarchs ruled supreme - their word was law. They truly were Sovereign in every sense of the word.
As British strength and influence grew around the world toward the end of the 1600s the wealth, strength and influence of the elite merchants in the City also grew - only at a faster pace. In 1694 the privately owned Bank of England (a central bank) was established to finance the profligate ways of William III. The bank was financed by a group of City merchants who used William Paterson as a 'front.' The names of the founders have never been made public.
It was at that juncture that the Bank of England and the City began to dominate and control the affairs of Britain. Their influence and wealth grew in leaps and bounds in the century that followed. "The Illustrated Universal History," 1878, records that "Great Britain emerged from her long contest with France with increased power and national glory. Her Empire was greatly expanded in all parts of the world; her supremacy on the sea was undisputed; her wealth and commerce were increased... But with all this national prosperity, the lower classes of the English people were sunk in extreme wretchedness and poverty, having been bled dry during the struggle of the previous twenty years.
It was at this juncture (1815) that the House of Rothschild seized control of the British economy, the Bank of England and the City - and, through their other branches, control of the other European nations.
Two separate empires were operating under the guise of the British Empire. One was the Crown Empire and the other was the British Empire.
All the colonial possessions that were white were under the Sovereign - i.e. under the authority of the British government. Such nations as the Union of South Africa, Australia, New Zealand and Canada were governed under British law. These only
represented thirteen percent of the people who made up the inhabitants of the British Empire.
All the other parts of the British Empire - nations like India, Eqypt, Bermuda, Malta, Cyprus and colonies in Central Africa, Sinapore, Hong Kong and Gilbraltar (those areas inhabited by the browns, yellows and blacks) were all Crown Colonies. These were not under British rule. The British parliament had no authority over them. They were privately owned and ruled by a private club in London, England known as the Crown. The Crown's representative in such areas held the absolute power of life and death over all the people under his juristiction. There were no courts and no method of appeal or retribution against a decision rendered by the epresentatives of the Crown. Even a British citizen who committed a crime in a Crown colony was subject to the Crown law. He couldn't appeal to British law as it didn't apply.
As the Crown owned the committee known as the British government there was no problem getting the British taxpayer to pay for naval and military forces to maintain the Crown's supremacy in these areas. Any revolts were met with terrible retribution by the British navy at no cost to the Crown.
The City reaped fantastic profits from its operations conducted under the protection of the British armed forces. This wasn't British commerce and British wealth. The international bankers, prosperous merchants and the British aristocracy who were part of the 'City' machine accumulated vast fortunes which they lavishly squandered in their pursuit of prestige and standing in British Society.