Reserve bank of Australia explained

[waza8u]

2 things on my mind..wheres a gun and where does tony live?

[rvrola]

BEWARE GOLD IS JUST ANOTHER FORM OF CONTROL.... CHECK OUT BILL STILL'S WIZARD OF OZ

[rvrola]

THIS IS THE MONETARY SYSTEM COLLAPSING THE PEOPLE.

[jorgedefoe1]

humanity’s enslavement for the gain of fictional digital credits

[elstado1]

This video might be a parody, but it does raise some real questions which not many people take the time to stop and think about. I personally have a limited understanding of macro economics and I find it very difficult to find clear, understandable information on how our monetary system actually works. Can anyone point me to a credible and reliable source (does one exist?)?

[Cosmickey86]

@elstado1 - Hi there :) While I myself know little about the Australian economy specifically, I can recommend to you a documentary called "The Money Masters" which covers the general history of money, banking and 'reserve' banking (including fractional reserve lending) -the basics of which could probably be applied to any country with a central bank. There's a full version of the doco right here on YouTube :)

[elstado1]

@Cosmickey86 I have seen it, but to be honest it was a little confusing still, and secondly some of it seemed a bit bias or had poor sources. Then again with such a controversial topic and a lot of fed bank conspiracists it can be difficult to separate fact from fiction regarding such matters. Might watch it again and see if I can make more sense of it. Thanks. :)

[Cosmickey86]

@elstado1 In retrospect it might not have been the best doco to recommend as it does have the agenda of CHANGING the banking system, rather than simply analysing it. However, almost every article I have read about banking comes with a banking reform notion either tacked on or implied -it seems like anyone who understands how the system works is convinced that it isn't working per se, though they are not all in agreement about the kinds of reforms necessary. Best of luck in your research :)

[thincle6626]

To the people saying that dropping the gold standard was a good thing... gold has never had real value apparent from its historic symbolism as a rare and durable metal. Money has always been a relative concept, its just by referencing its value to gold we had a common measure of its value. Of course if there is suddenly a large deposit found, or the amount we dig up dwindles we would have a currency crisis on our hands with out of control inflation/deflation respectively.

[thincle6626]

This skit has probably done a lot to confuse people about the function of lending rates by reserve banks as a lever of power wrt our currency. The reserve bank's leading rates are a benchmark for the cost of credit in Australia. As credit becomes cheaper (i.e. lower interest rates) people can invest and buy more things. By raising interest rates the economy can be slowed down if its growth is faster than infrastructure, materials or labor can be supplied. This is how we avoid inflation.

[TheAnimalinda]

is that Sean MCCalif? Sorry I do not know how to spell either of those names.

[Jawzah]

Well - there's one thing A$s and only A$s are good for - paying taxes in Australia. The theory that fiat money is given value by taxes is called "chartalism". But basically that makes the money backed by land and people with real estate taxes - if you want a place to live you have to own it or pay rent to somebody that owns it and to own real estate you have to pay taxes - so there will be demand for nations currency as long as it has taxing power and people who want to live in it.

[thepermman]

good labor is worth more than gold, that's how slavery works at least.

[Halfstar3]

Brilliant!!

[topgunexcel]

This I like!!!!!

[roybdaman]

Great script. Who wrote it! lmao

[AdamISaHC]

lmao, this is awesome. This guy used to talk about real shit, now he's talkin bout your generation (his new game show :/ )

[theonewhoisntme]

yes. Australia sold the bulk of its gold reserves.

stupid idiots.

I think our ecconemy is going to be in hugh trouble because of this.

I say to all my fellow Australians. gear up and be ready for the collapse

[IndicaDreaming]

@theonewhoisntme Hope you're supporting the occupy movement wherever you live

[ukusapillage]

australia is owned by queen, australia canada usa nz is and always was a colonys with some political ind. this is if they dont go against the queens and mr rothschild policys australia is just beef and mineral oil reserve that can taKe some to feed its own ppl but pays huge % to the owners of the companys and banks queen etc its neo colonial state this also why australia gets support and military pact with west but it has to pay

[hybridhazza]

CUNT!



[rookea195]

2:17 hahahahahahahaha

[TheMajorWedgie]

The reserve Bank of Australia is owned by the Commonwealth. I interpret that to mean the Queen and in due time her successors. The question I want answered because I'm on the republican side of the debate is: If we become a Republic what happens to the reserve bank?

[bczot]

How and why? Because it is against the Australian Constitution Sect 115

A State shall not coin money, nor make anything but gold and silver coin a legal tender in payment of debts.

And all the employees of the RBA work for the Government?

Don’t think so.

It is a private bank, as is the US Federal Reserve, Bank of England, the World Bank and the IMF

Wake up sheeple your being robbed of your common wealth but Banksters and Frauds.

[bczot]

So the interest the Government pays to the RBA on the money (bonds) that it prints using the mint at the request of the Treasury goes back to the Government? It is strange that the Government would charger interest in your own money? But it’s not the governments’ money it was created by the RBA out of nothing (no gold or silver standard) and loaned to the Government with interest.

[magottyk]

Unlike the US reserve the reserve bank of Australia is wholly owned by the Australian government. "rba.gov.au/qa/role.html"

[84K3R80I]

@magottyk "The Bank is wholly owned by the Australian Government, but is not a government department." So in essence, it is owned by the Commonwealth of Australia but not regulated by it, as the Government is only allowed to use gold and silver coin as legal tender, however a non-government department does not fall under the same regulations. Be very careful with wording when it comes to any kind of bank, especially ones that have the power to regulate the value of currency.

[dtaPacman]

@magottyk The reserve bank is owned by private investors. The US reserve is owned by private investors. All that statement clarifies is that the Australian government doesnt own the US reserve.

[abusinesswithtrading]

Haha, funny interview my friend!

[islandboy68]

so happy from reading the comments that people are starting to see what's really going on, its sometimes difficult to educate people on such matters because of their ignorance

[islandboy68]

@kistershi Mega epic agreeee!!

one thing to say.... Zeitgeist!!

[GolightlyR3]

Wow now fighting in Libya, one more central bank, Iran will be next, you will see, The Rothschild / Israel arent finished with us yet

[MrLeej77]

dont sell your gold!

[onlyafool1611]

@kistershi Well said

[TheFeistyGirl]

@spystyle Last I heard, Libya, Sudan, North Korea, Cuba and Iran are the only countries that don't have a privately owned central bank.

Ten years ago, Afghanistan and Iraq were also part of that list. (Anyone seeing a pattern here?!?!? Wage a fraudulent war in order to take over a country's economy. My guess is that Iran or North Korea will be targeted next. Seems like the media is gearing us up for invasion there.)

[abledanger01]

@TheFeistyGirl correct. the axis of evil is the last hold out against the fractional reserve banking system. good to see some are out of bed....

[spystyle]

Are there any countries in this world not controlled by privately owned central banks ?

[thebollen]

excellent upload mate

[i8uNWO]

Money needs to backed by gold and silver, we also need a free market, we dont need the RBA...

[Tanguru]

@i8uNWO I know it may sound correct to you because it sounds very reasonable to base currency off something like gold. But if you base currency off gold you return to the problem we currently have because people who control the gold supply will effectively control the money supply. Want to guess who controls most of the world's gold supply? That's right privately owned banks owns them so returning to a gold standard just leaves the money supply as it is.

[i8uNWO]

@Tanguru I'm not saying that working of a gold standard is perfect, but at least money would be backed by something tangible, fractional banking is a scam and the cause of the global financial crises, reserve banks are run by people interested in lining there own pockets, we did better with out them and we can again. Government backed currency not reserve (private banking cartel) currency.

[Tanguru]

@i8uNWO Yes I agree with some of what you say, but going back to a gold standard we will yield the same results because gold is a rare metal and being rare those who control the gold will control the money supply. Currency doesn't need to be backed by anything that is rare or precious like gold. Please don't think I am trying to attack you on your views its just using a gold back currency will create the same problem. -continue

[Tanguru]

@i8uNWO Gold backed currency is not new and "private banking cartels" have been trying to return to this standard because they know they control most of the world's gold supply.

[i8uNWO]

@Tanguru I see your point, but as we have seen recently with a few Chinese and Russian billion Ares, they have tried to pull there holdings in gold out in London but due to the magic of fractional banking the banks have sold more gold than they own and there belly is being exposed, my hope is we can go in for the kill and go back to government backed currency , I think we are sort of on the same page.

[ashtweth]

with out people SIGNING a class action,. mandate or class action towards giving the government the issuing power to create interest free and debt free currency, there is no way about debt. banking reform panacea dash bocaf

[Rishav92]

an aussies george clooney?

[IstilGotGame]

@kistershi yes our taxes go straight to them then the government loans money again to spend on industry and commerce. burn all central banks with the owners in them

[zzzland0]

The Reserve Bank of Australia and the Australian constitution

The Reserve Bank is a foreign ADI. A "foreign ADI" means a body corporate that:

(a) is a foreign corporation within the meaning of paragraph 51(xx) of the Constitution; and

(b) is authorised to carry on banking business in a foreign country; and

(c) has been granted an authority under section 9 to carry on banking business in Australia.

Prior to 1959 the Commonwealth issued and printed its own money and had control of the p

[76carrie76]

when money no longer rules the world, only then, will we be truly free

[Alucardthedeadone]

@kistershi and for that reason is why income taxes are ileagal but not many people know that.

[thedominator1991]

hahahahaha!!

[diaverde09]

Australians and Americans really aren't that different. Both are being scammed by Reserve Banks.

[christheferal]

@diaverde09 if you take a step back even further you wouldn't even categorise people into Americans and Australians :)

[youshouldsee1]

I hope you realize that gold and silver have never changed value. It's only when these two metals are compared to a FIAT CURRENCY do they APPEAR to change because of the inflating/deflating value of the dollar.

[Alucardthedeadone]

@youshouldsee1 That is true but for the fact silver is been use up the vale of silver should be higher then gold right now, yet the people at the top don't want us to know that.

[abledanger01]

Keruaran... give up. its over... we know and the sh*t is about to hit the fan.

[easternfunker]

Fantastic logic! Hilarious...and scary too.

[Keruaran]

The Reserve Bank of Australia is wholly owned by the Australian Government. It is also wholly accountable to the Australian Government, unlike the US Federal Reserve which has never even been audited. It is not owned by "private banking families". You are incorrect in placing it in the same basket as the US Federal Reserve.

[howardavatar]

Remmber not long ago when interests rates were at 17%. Do you beleve the elected Government wanted interests rates that high? The PM has zero say in the interest rate the RB lends its printed money to the private banks and to the Govenment itself. Just like in the USA. What in your opionion is the RBA board. What power do you think they have? What in your opinion is the BIS?

[robertwc82]

RBA notes are called money but by definition it isnt money at all

[angusmcgherkinsquirt]

Genius. Shame he went to Ten.

[cheddyrod]

Thanks for the explanation.

[brianconcannon44]

Newstopia Rocks

[john1230]

Funny, and true.

[mo0ks666]

2:18 that's aussie for ya ;D

[chaniwie]

i love aussie humour!!

[crocfme]

Funny?..Scary.The implosion of the world financial system is the result of information technology allowing the masses to see the way the international bankers really work-and they don't like being exposed.

[Ishpeck]

It's funny AND scary. At the same time. You have to laugh or you'll lock yourself in the cellar and shun the horrid light of day for the rest of your canned-bean-fed life. LAWL!

[Verlch]

Well they want to create an us against them. Usually the very ones saying they are against it are just controlled opposition!

THey want to expose those who oppose them!

[christheferal]

@crocfme not to mention more jobs being outsourced to technology and making living cheaper. The nanotech revolution will put an end to money as a whole in the coming couple of decades.

[mrchekky]

LOL Brilliant and so true.

Depression = suicide

less people, less demand.

Suicide is deflationary.

[Psychogenius018]

LOL!! These guys are sharp and hilarious!

[mrchekky]

brillient. and yes, dollars are not worth anything. its only the beleif that people have that give it value. Gold is Real money.

[Savehumanrights]

The beleif in gold being of great value gives it great value too. But it is heavy and pretty and easier to belive of cause.

[robertwc82]

what gives it value is it takes alot of time, energy and labour to extract it from the ground, whereas imagining bank credits into being, takes no investment

[minnesotachris]

This is brilliant, thank you for posting! If only more people realized that their currency is essentially worthless.

[yinyangnature]

Initially these controls may sound like good economic sense. But on further analysis you realise it's a system where the wealthy bankers are always manipulating the economy for their own benefit and not for the economy as a whole. The ones who pay for these controls are always the ones who can least afford it; the people with the least disposable income, such as young people buying their first home and small employers. The wealthy are usually unaffected by these decisions and usually benefit.

[yinyangnature]

The philosopher Alan W. Watts once said,Money had the same reality as a line of longitude. He claimed a slump in the value of money - when there was no less energy, labour or resources - was as ludicrous as a slump in inches. To illustrate this, Watts used the analogy of a builder unable to build houses because there wasn't enough inches to go around. The builder may have had plenty of timber, bricks, labour and even measuring tapes, but not enough inches to complete the job.

[mindpowercoach]

The Reserve Bank of Australia is not even owned By Australia for the people. Its owned by The Commonwealth and the Queen is dead of the Commonwleath. Further investigation shows Rothchild and other private indidivuals own it, print and loan out money from nothing and earn interest from all of us.

[kobasica]

its privately owned by cartels and corrupt merchants overseas

[fetzerveeble]

omg .. you people are so under-educated.

[Keruaran]

The Reserve Bank of Australia is wholly owned by the Australian Government.

Show me your "further investigation" which "shows Rothchild and other private individuals own it".

Cough up, or shut up.

[leonardomoses]

the Reserve Bank of Australia is not owned by the Australia Government and is a separate entity. The RBA claims it is owned by the "Commonwealth", but who owns the "Commonwealth"? No one owns the Commonwealth, and the Queen is only in charge of the Commonwealth.

[Keruaran]

*sigh* I'm not going to go over this again with people. Whatever floats your boat.

[leonardomoses]

you need to wake up and smell the bullshit!

[Keruaran]

Alrighty then...

[dellbalboa]

The commonwealth means the Bank of England, and we all know who owns the Bank of England. Connect the dots people, this information will never be given to you by the media, They rather have stupid segments on shit like '' how to save money in a tough time'' etc, But dont really want to tell you how the fiat system is the motherboard of all the problems,