Central Bank of Guernsey: Public Central Bank Profile

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Executive Summary

The central bank of Guernsey issues the debt free Guernsey pound.

Introduction

Guernsey is not a country but a British Crown Dependency. However, its banking is separate from the UK — while it uses the same currency, the British Pound, so for monetary purposes, is listed here as a country. Guernsey issued its own currency that became accepted as it was declared it could be used to pay taxes. Guernsey is a direct contradiction of private banking interest claims.

This is explained by the following quotation

“It has no inheritance tax, no capital gains tax, and no federal tax, commercial bank service private lenders, but the government itself never goes into debt. When it wants to create some public worker service. It just issues the money it needs to pay for the work, and the Guernsey government has been issuing its own money for nearly two decades. During that time, the money supply has mushroomed to about 25 times its original size, yet the economy has not been troubled by plight by price inflation, and it has remained prosperous and stable.”

Source: The Web of Debt

https://www.amazon.com/Web-Debt-Shocking-Truth-System/dp/0983330859

Why Private Banking Interests Don’t Want You to Know About Guernsey

Private banking interests do not like examples of non-orthodox banking success stories where debt-free money is issued without the involvement of private bankers.

The Web of Debt hypothesizes that the only way Guernsey has been allowed to “get away with it” is that the island and island population is so small — with only about 63,000 inhabitants. However, the Bank of England has repeatedly opened branches on the island throughout the years and pressured the inhabitants to move towards “responsible” debt based and private banking controlled money.