Who REALLY owns the Reserve Bank of Australia?

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[June 12, 2011] PODCAST CONTENTS
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 printing of money. However after the 1959 Reserve Bank Act, the Reserve Bank was established as a stand alone independent foreign ADI, which took over the printing of money and lent the money it printed to the Commonwealth at interest. So instead of the Commonwealth printing its own money, we have a foreign body corporate printing our money and lending it to the Commonwealth which the Commonwealth needs to pay back!

"RESERVE BANK ACT 1959 - SECT 77 Guarantee by Commonwealth
The Commonwealth is responsible for the payment of all moneys due by the Bank"
(Source: http://www.austlii.edu.au/au/legis/cth/consol_act/rba1959130/s77.html
(The commonwealth of Australia is paying money is borrows back to the stand alone bank)

"RESERVE BANK ACT 1959 - SECT 27 Bank to be banker for Commonwealth
The Bank shall, in so far as the Commonwealth requires it to do so, act as banker and financial agent of the Commonwealth"
(Source: http://www.austlii.edu.au/au/legis/cth/consol_act/rba1959130/s27.html
(The reserve bank is the Commonwealths banker and lender and the Commonwealth must pay the money back to the Bank!)

EVIDENCE THE BANK IS A FOREIGN ADI WITH FOREIGN LINKS AND BRANCHES:

The below act shows how foreign coroporations have power of attorney over the Reserve Bank of Australia:

RESERVE BANK ACT 1959 - SECT 76 Attorney of Bank
The Bank may, by instrument under its seal, appoint a person (whether in Australia or in a place beyond Australia) to be its attorney and a person so appointed may, subject to the instrument, do any act or execute any power or function which he or she is authorized by the instrument to do or execute.
(Source: http://www.austlii.edu.au/au/legis/cth/consol_act/rba1959130/s76.html

Foreign Agents in control of the Reserve Bank of Australia:

RESERVE BANK ACT 1959 - SECT 75 Agents etc.
In the exercise of its powers and the performance of its functions, the Bank may:
(a) Establish branches and agencies at such places, whether within or beyond Australia, as the Bank thinks fit;
(b) Arrange with a person to act as agent of the Bank in any place, whether within or beyond Australia; and
(c) Act as the agent of an ADI carrying on business within or beyond Australia.

Category:

News & Politics

Tags:

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[ZNewsPodcasts]

@thelastroadrunner King O'Malley, a colorful Canadian-American, was chief advocate of the cause of a Commonwealth Bank. Before coming to Australia, he had worked in a small New York bank, owned by an uncle. He had been much impressed by the way that his uncle had created credit. A bank could create the credit, and at the same time manufacture the debit to balance it. That was the big discovery of O'Malley's banking career.

[Barnie104]

A bit slow but speed it up a bit as to not get Bored but keep going people need to know Thanks heeps Barnie104

[AussieMatters]

Well done ZNewsPodcasts. Tempo is a bit slow but at least ya in the arena having a go. Where's ya website? Facebook is the work of the devil. If ya need a hand or tips PM me and I'll be happy to help out. Cheers. Aussie Rod.

[AussieMatters]

@vkturbo176hp Look up and watch the video on youtube called "mark mcmurtrie lessons in law pt1"

[vkturbo176hp]

This was the most boring video I have watched if it actually showed it in black and white would have been good. If what you were talking about was shown on the screen. Also need to be more on Australia not America we know whats going on there. Would have been nice to start off with who owns the RBA then track it over to America to show it is all linked and basically finish off with who the bailouts saved

[vkturbo176hp]

@Politicalcorruption1 Why is our constitution illegal?

[Politicalcorruption1]

Don't go too much into the constitution because its invalid.

[lennonstube]

we need to change the way our money is backed.

i think for lolz

back it with carrots.

so you can pay back your debt with carrots, at STICK it too the FED bank

[thelastroadrunner]

Nice Vid. Need more like this in Oz. Can you answer this question - Who was King O'Malley?