Friday, 1 July 2011

The Truth about Australian and New Zealand Reserve Banking Structure

The Australian Reserve Bank is 100% owned by the Australian Government.

The New Zealand Reserve Bank is 100% owned by the New Zealand Government.

But they are both 100% controlled by their Boards of Directors.
The Reserve Bank is only required to inform the Government of its policies.
The Reserve Bank is Not a Government Department.
The Reserve Bank Governor is answerable only to the Board of Directors.

The Board of Directors is answerable only to ‘The Crown’.
The Crown is 100% controlled by ‘City of London Corporation’.
The ‘City of London Corporation’ is answerable only to its 12 Council Members.
The 12 Council Members with their ‘Lord Mayor” serve as representatives/proxies for the 13 most powerful banking families on the planet which include;
  • Rothschilds (Supranational Banking Dynasty)
  • Warburgs
  • Oppenheimers
  • Schiffs
  • Rockefellers
The profits of our Reserve Banks are divided into 3 categories;
  • Bank Reserves (Fractional reserve Banking requirements)
  • Bank Contingencies (Bonuses, Expansion or Upgrades and Capital)
  • The balance goes to ‘The Crown’
Lets have a look at who some of our 2011 Board of Directors represent and serve!
John Akehurst Director CSL Ltd Pharmaceuticals Vaccine Production
John Akehurst Director Origin Energy Ltd. Energy Global pricing manipulation & oligopoly
John Akehurst Director Securency International Pty Ltd. Banknote Security Manufacturer Sex, Bribes and banknote deals
Jillian Broadbent Director Special Broadcasting Service Media Media manipulation & blackouts
Jillian Broadbent Director Woolworths Ltd. Retail – Food, Consumer goods, Liquor, Fuel Monopolistic anti- competitive policies
Jillian Broadbent Director Australian Securities Exchange Share Market Insider Trading
Roger Corbett Director Wal-Mart Stores Ltd. Retail – Consumer goods Monopolistic anti- competitive policies
Roger Corbett Chairman ALH Group Ltd. Retail – Liquor Monopolistic anti- competitive policies
Roger Corbett Chairman Fairfax Media Ltd. Media Media manipulation & blackouts
Roger Corbett Deputy Chairman PrimeAg Australia Limited Agriculture Monopolistic anti- competitive policies
Graham Kraehe Director Djerriwarrh Investments Ltd. Oil, Banking, Energy, Retail, Media etc Global pricing manipulation & oligopoly
Graham Kraehe Chairman Bluescope Steel Ltd Steel Corporate interests
Graham Kraehe Chairman Brambles Ltd. Management Solutions Management Strategies & Policies
Warwick McKibbin Director McKibbin Software Group Pty. Ltd. Global Economic Analysis Tools on Climate, food, Financial etc. Management Strategies & Policies
Catherine Tanna Executive Vice-President British Gas Group Energy Global pricing manipulation & oligopoly
Catherine Tanna Regional Managing Director British Gas Australia Energy Global pricing manipulation & oligopoly
Hugh Fletcher
IAG New Zealand Limited Insurance Global pricing manipulation & oligopoly
Hugh Fletcher
IAG New Zealand Holdings Limited Insurance Global pricing manipulation & oligopoly
Hugh Fletcher
Fletcher Building Ltd. Construction Monopolistic anti- competitive policies
Hugh Fletcher
Rubicon Ltd. Energy & Forestry Monopolistic anti- competitive policies
Hugh Fletcher
Vector Ltd. Energy & Technology Global pricing manipulation & oligopoly
Hugh Fletcher
Insurance Australia Group Ltd. Insurance Global pricing manipulation & oligopoly
Hugh Fletcher
IAG Finance ( New Zealand) Limited Insurance Global pricing manipulation & oligopoly
Sue Sheldon
Contact Energy Ltd. Energy Global pricing manipulation & oligopoly
Sue Sheldon
Freightways Document Transportation & Information management Corporate interests
Sue Sheldon
Smiths City Group Retail, Finance & Property Corporate interests
Sue Sheldon
Electronic Transaction Services Ltd. EFTPOS Monopolistic anti- competitive policies
Sue Sheldon
Wool Grower Holdings Ltd. Textiles, Apparel and Luxury Goods Corporate interests
Sue Sheldon
Telecom Corporation of NZ Telecommunications Monopolistic anti- competitive policies
Keith Taylor
Gough, Gough and Hamer Investments Ltd. Infrastructure, Mining, Forestry, Transport and Power Monopolistic anti- competitive policies
Keith Taylor
Port Marlborough Ltd Port and Marina Facilities Corporate interests
Kerrin Vautier
Fletcher Building Ltd. Construction Monopolistic anti- competitive policies
Takeover by Stealth
Our Governing System has outgrown its ‘citizen given parameters’ and it no longer serves the Public good. Corporate Interest has influenced by stealth, the very life-blood of our countries.
Let us not forget that is us, the citizenry, who are supposed to set the tasks for Government, understanding that the core principle is for the benefit of the nation’s population.
This fundamental principle has been manipulated to the point where now our ‘Rights’ are given to us by the state enabling it to grow outside our sphere to influence, ultimately being controlled by an elite gang of criminally influenced, global institutions.
Fascism is the merger of Corporate and State power.

The above table clearly illustrates this amalgamation.We can plainly see by the representatives of our Reserve Banking systems, that their interests are not in favour of the working class. Monetary policy should be designed to work for the public good, therefore requiring analysts from the public sector not the private Corporate Industry sector.
If we as a people do not Grow Up and take responsibility for the predicament we are now faced with, our future, which is currently in dire threat of being held hostage to a bunch of Global power-crazed inbreeds, lusting after the dwindling finite resources that remain, we will certainly “…find ourselves homeless, on the continent that our forefathers once conquered.” Thomas Jefferson

Corrupt Australian Central Banking Practices Exposed!

Australia Central Bank’s Note-Printing Unit Charged With Bribing Officials

The Australian central bank’s note-printing units and six people including former managers have been charged with bribing officials in Malaysia, Indonesia andVietnam to win currency contracts.
Securency International Pty and Note Printing Australia Ltd. were charged over alleged payments to foreign public officials between 1999 and 2005, the Australian Federal Police said in a statement on its website. The Reserve Bank of Australia, which owns NPA and 50 percent of Securency, said in a statement it condemns corrupt behavior of any kind and no one at the bank has been accused of wrongdoing.
Today’s arrests are the first under Australia’s decade-old foreign bribery laws and coincided with related bribery charges against two individuals in Malaysia by that nation’s Attorney-General’s Chambers following an investigation by the country’s anti-corruption commission, the AFP said. The RBA said in November last year that it will sell its stake in Securency.
“It’s clearly embarrassing for the Reserve Bank, but I think the market would make a clear distinction” between their monetary policy and note printing functions, said Nigel Stapledon, a former Treasury and Westpac Banking Corp. economist who lectures at the University of New South Wales’ school of business in Sydney. “I don’t think that it’s going to have any material effect on people’s judgment of their performance on monetary policy, which is more critical.”

‘Full Confidence’

Australian Assistant Treasurer Bill Shorten, speaking after the announcement, told reporters in Melbourne that he has “full confidence in the Reserve Bank of Australia.”
Governor Glenn Stevens said after the announcement that“the Reserve Bank condemns in the strongest terms corrupt or questionable behavior of any kind.”
“Companies associated with the Reserve Bank and their staff must, like the bank itself, meet the highest standards of integrity and fully comply with the law,” Stevens said in an e-mailed statement.
Police said today a team of up to 20 officers had worked on the investigation, resulting in charges against six men from the state of Victoria aged between 50 and 66. The six men appeared in a Melbourne magistrate’s court today.
The charges carry a maximum penalty of 10 years in jail and/or a fine of A$1.1 million ($1.2 million), AFP’s statement said.

‘Clear Message’

“This sends a very clear message to corporate Australia that the AFP will diligently chase and enforce the laws on foreign bribery,” said Chris McDevitt, AFP manager special references commander, in a press conference today in Melbourne.
The AFP will allege that during the period 1999-2005, senior managers from Securency and NPA utilized international sales agents to bribe foreign public officials in order to secure banknote contracts, according to today’s statement.
Malaysia’s Attorney-General Gani Patail said his department is cooperating with colleagues in Australia and Bank Negara Malaysia, the nation’s central bank.
The Malaysian Anti-Corruption Commission has charged Mohamad Daud Dol Moin, a former assistant central bank governor, for allegedly accepting a 100,000 ringgit ($33,000) bribe related to a contract to print polymer bank notes, the commission said in an e-mailed statement today from Kuala Lumpur. Collin Goonting, a lawyer for Mohamad Daud, said in a telephone interview his client pleaded not guilty.

University Scholarship

The AFP said it will allege that in Vietnam a foreign official received a bribe paid in the form of a university scholarship to secure a banknote contract on behalf of Securency, the statement said.
Vietnam will consider the case “seriously and objectively,” Pham Anh Tuan, deputy chief of the secretariat of the Office of the Anti-Corruption Steering Committee said by phone from Hanoi today.
The AFP statement said the charges brought against the companies are “not a reflection that individual board members were complicit or had knowledge of any illegal activity.”
Australian central bank Governor Stevens said the RBA“deeply regrets that the governance arrangements and processes in the companies at that time were not able to prevent or detect the alleged behavior that has led to today’s charges.”

Sale Talks

Securency Chairman Bob Rankin said in an e-mailed statement that the company is “considering its legal position.” Since it became aware of the allegations in May 2009, Securency’s board has taken steps to ensure compliance with ethical business practices, the statement said.
Securency is in talks with potential buyers, Managing Director Philippe Etienne said in a phone interview today.
“The business is currently in a divestment process,” he said. “I don’t expect the RBA to be shareholder in the medium term.”
Formed in 1996, Securency is a joint venture between the RBA and Innovia Films, and supplies materials used in the printing of banknotes and security documents, according to Securency’s website. NPA, fully owned by the RBA, printed Australia’s first polymer banknote in 1988, while Innovia Films produces the base material that’s been used in bank notes issued in 31 nations, including Malaysia, Vietnam and Indonesia, the website says.

Test Case

The RBA’s share of Securency’s profit before income tax in 2009-10 was A$9.5 million, according to the central bank’s 2010 annual report. NPA earned a profit after tax of A$4.3 million in 2009-10.
Michael Ahrens, spokesman at Transparency International Australia, a group that has lobbied governments for tougher anti-corruption laws, said today’s charges are “a test case.”
The Australian foreign bribery law isn’t as good as legislation in the U.S. or the U.K., where a new law comes into effect today, because it sets the bar too high to win convictions, Ahrens said. Civil prosecutions, such as those available in the U.S. and U.K., require only that the weight of the evidence tip in favor of the prosecutors to win a conviction.
In Australia, prosecutors must prove their case beyond a reasonable doubt, Ahrens said. “We need to adopt a more modern piece of legislation,” he said. “There are too many hurdles, it’s too technical.” He said he was surprised police laid charges, even after a two-year probe.
“I was doubtful they would be willing to take the plunge,” he said.