Reserve Bank

The RBA Annual Report 2011 states that:

It is the duty of the Reserve Bank Board, within the limits of its powers, to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia.

and also that

Monetary policy [of the RBA] aims to keep the rate of consumer price inflation at 2 to 3 percent ...

Australian-dollar-valueInflation is a tax - as confirmed by Ben Bernanke and Ronald Reagan. The statement by the RBA regarding inflation (as above) is equivalent to saying that "the RBA will ensure that your wealth is stolen from you a small bit at a time".

The graph on the left clearly illustrates how the Australian dollar has lost over 94% of its value (i.e. we have had 94% of our wealth confiscated) since 1960.

One cannot act in the best interest of the people of Australia and simultaneously oversee a system that has confiscated 94% of the wealth of Australians. Such duplicitous behaviour can only occur if the Reserve Bank Board is ignorant of the consequences of our debt based sysem, or there is an agenda that we are not aware of. In either case, the best interests of the people of Australia are not being served.

The ASP will act in the best interest of the people of Australia, and we will do this by altering the primary function of the RBA.

The primary function of the RBA will be altered to be:
  • To accurately measure monetary inflation and price inflation.
  • To determine the quantity of money in circulation that results in zero price inflation.
  • To control the quantity of money in circulation.
  • To create all new money, and place such money into the Consolidated Revenue Fund.
  • To ensure that the market (and not the RBA) determines interest rates.

 

The ASP will retain the following functions of the RBA:

  • To promote the overall stability of the financial system;
  • To hold and manages Australia’s foreign currency reserves;
  • To operate Australia’s main high-value payments system;
  • To provide banking services to government and overseas official institutions; and
  • To design, produce and issue Australia’s banknotes.

 

When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.

Napoleon Bonaparte
Emperor of France
1815

Attachments:
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