Reserve bank of Australia explained

Newstopia explains the workings of the Reserve Bank of Australia.

Category:

Nonprofits & Activism

Tags:

• reserve
• bank
• australia
• scam
• lie
• played
• fraud

[hybridhazza]

CUNT!



[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.

[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

[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 :)

[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 - 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]

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?)?

[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.