Woodrow Wilson enslaved the American people in 1913 when he signed the Federal Reserve Act and handed control of the money supply to the private owners of this entity - the usual suspects - Rothschilds, Morgans, Royal families etc
The RBA is a privately owned entity, which was set up on the back of the Reserve Bank Act 1959, after a long running campaign by the Menzies liberals to destroy Australia's control over its own money supply. The Liberal Party even back then were the serpents of the international bankster cabal
Doc Evatt in his 1958 election speech drew attention to the fraud that Menzies and co were perpetrating on trusting Australians here
The Commonwealth Bank
On banking policy in general the position of the Labor Party is clear. The events of past years have shown. first, that the private trading banks cannot lawfully be nationalised and, second, that the Commonwealth Trading Bank has the ability to defeat most of the unfair competition of the private banks. Despite every bit of restraint and pressure that the Menzies Government could bring to bear, the Commonwealth Trading Bank has grown from one of the smaller banks into one of the largest. The people of Australia have shown that they want the Commonwealth Trading Bank and, with fair competition, the private banks would have no hope of destroying it.
The London Economist accurately described the malevolent policy of the private trading banks towards the Commonwealth Trading Bank:
If this ogre (i.e. Commonwealth Trading Bank) cannot be entirely banished (my emphasis) there is everything to be said at least for disassociating it absolutely from the Central Bank in order to promote harmony, trustful co-operation and sheer self respect among the trading banks. (December 7, 1957)
The private banks have succeeded in bringing such pressure to bear on the Liberal-Country Party Government, that the people of Australia must vote out the Menzies Government to protect the authority and powers of the people as sole owners of the Commonwealth Bank of Australia–that is definitely an issue in the elections.
Serious damage has been done to the Commonwealth Bank by the insidious administrative and executive pressure of the Menzies Government. I have referred to the case of the collapse of the bond market leading to a sharp increase in bank interest rates. That was one striking case of government pressure without open instruction.
Australia's banking legislation provides that the Treasurer has ultimate control over the policy of the Commonwealth Bank. It is this power which has been used to destroy four aspects of the Commonwealth Bank's work for Australia so that additional profits may revert to private banks and associated financiers.
The RBA has been given these powers see here
(1) Subject to this Act, the Bank may:
(a) issue Australian notes;
(b) re‑issue Australian notes; and
(c) cancel Australian notes.
(2) Australian notes shall be printed by, or under the authority of, the Bank.
In other words the RBA owns Australia's money supply - this is obviously completely unacceptable. The old Commonwealth bank run by our government, was,and should continue to be the only owner of our currency on behalf of the people of Australia
and to make the fraud even clearer
(1) A person shall not issue a bill or note for the payment of money payable to bearer on demand and intended for circulation.
Penalty: 50 penalty units.
Note: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.
(2) A State shall not issue a bill or note for the payment of money payable to bearer on demand and intended for circulation.
And TAX FREE too!!!
The Bank is not liable to taxation under any law of a State or of a Territory to which the Commonwealth is not subject and the income of the Bank is not liable to income tax under a law of the Commonwealth.
The Bank has such powers as are necessary for the purposes of this Act and any other Act conferring functions on the Bank and, in particular, and in addition to any other powers conferred on it by this Act and such other Acts, has power:
(a) to receive money on deposit;
(b) to borrow money;
(c) to lend money;
(d) to buy, sell, discount and re‑discount bills of exchange, promissory notes and treasury bills;
(e) to buy and sell securities issued by the Commonwealth and other securities;
(f) to buy, sell and otherwise deal in foreign currency, specie, gold and other precious metals;
(g) to establish credits and give guarantees;
(h) to issue bills and drafts and effect transfers of money;
(i) to underwrite loans; and
(j) to do anything incidental to any of its powers.
In other words it can do whatever it feels like
Note - 'to LEND money' - that is to US - the people of Australia - the money they can just print out of thin air!! - you know our BIG DEBT?!!!
Hockey must dissolve the RBA and take back ownership of Australia's money supply by Australians
Menzies was a traitor who sold us out.
Currently the Liberals, under Hockey and Abbott are forcing states to sell public assets to private bank funded entities as the basis for ANY future income distributions from the Commonwealth. Blatant Highway robbery by Hockey on behalf of his bankster mates. Those public assets then create huge dividends d for the new private owners (typically foreign) and usually based in a tax free country - so Aussies just become enslaved
Baird, the current NSW Premier is a banking stooge, and is planning on simply giving away all of NSW public assets - claiming he needs to do this to raise money to build infrastructure. It is laughable - a sick joke.