Foreign body corporate owns Reserve Bank, lends money to the Commonwealth at interest

Jul 29

Posted by Editor, cairnsnews

by Kev Moore

The RBA and the ATO are owned by the owners of the corporation called “The Commonwealth of Australia”, registered with the United States Securities and Exchange Commission.

 “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”.

Therefore under section 44 of the Commonwealth of Australia Constitution Act no person on being elected is eligible to sit in parliament as they are subject to a foreign power

Statute Law is Maritime or the Pirates of Finance law

Rabbi Reichhorn’s Protocols

“6. By the ceaseless praise of DEMOCRATIC RULE we shall divide the Christians into political parties, we shall destroy the unity of their nations, we shall sow discord everywhere. Reduced to impotence, they will bow before the LAW of OUR BANK, always united, and always devoted to our Cause.”

https://fromthetrenchesworldreport.com/rabbi-reichhorns-protocols/216863/embed#?secret=ZEKsmlrp5O#?secret=e7Wwk3qyOj

Section 44: Disqualification

Any person who:

    is under any acknowledgment of allegiance, obedience, or adherence to a foreign power, or is a subject or a citizen or entitled to the rights or privileges of a subject or a citizen of a foreign power; or

    is attainted of treason, or has been convicted and is under sentence, or subject to be sentenced, for any offence punishable under the law of the Commonwealth or of a State by imprisonment for one year or longer; or

    is an undischarged bankrupt or insolvent; or

    holds any office of profit under the Crown, or any pension payable during the pleasure of the Crown out of any of the revenues of the Commonwealth: or

    has any direct or indirect pecuniary interest in any agreement with the Public Service of the Commonwealth otherwise than as a member and in common with the other members of an incorporated company consisting of more than twenty-five persons;

shall be incapable of being chosen or of sitting as a senator or a member of the House of Representatives.

“It is illegal for an Australian company to hire a foreign official as its paid agent.” — The Reserve Bank of Australia and the Australian constitution

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” (The commonwealth of Australia is paying money it borrows back to the stand alone bank)

(Source: http://www.austlii.edu.au/au/legis/cth/ … 0/s77.html)

“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” (The reserve bank is the Commonwealths banker and lender and the Commonwealth must pay the money back to the Bank!)

(Source: http://www.austlii.edu.au/au/legis/cth/ … 0/s27.html)

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

The below act shows how foreign corporations 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/ … 0/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.

Letter to ADIs: Operation of foreign banks in Australia

Under the Banking Act 1959, foreign banks are required to be licensed by APRA as authorised deposit-taking institutions (ADIs) in order to conduct banking business in Australia. APRA also authorises representative offices for foreign banks that otherwise wish to maintain a permanent establishment in Australia. Representative offices are generally granted an exemption under Section 66 of the Banking Act in order to use the restricted term ‘bank’ in connection with their activity in Australia. However, they must limit their activities to those prescribed by APRA for representative offices.1

Over time, reflecting the global nature of banking business and the centralisation of many functions, foreign banks operating in Australia as branches have conducted some aspects of their local operations from offshore or outside the branch. In general, APRA does not have a fundamental concern with these types of operational structures but notes that they have the potential to lessen APRA’s ability to provide effective prudential supervision of the local operations.

Recently, APRA has received a number of proposals from foreign banks wishing to conduct activities with Australian customers from their offshore offices. As a result, APRA is issuing this letter to clarify its policy expectations with respect to business conducted in Australia, or with Australian customers, by foreign banks.

Consistent with the Basel Committee on Banking Supervision’s principles on home-host country supervision, APRA has generally taken the position that foreign banks soliciting and operating an active business in Australia should be subject to Australian prudential regulation and supervision, regardless of where the business is booked. However, APRA would not object to a foreign bank conducting business with Australian counterparties from its offshore offices provided:

•the foreign bank does not maintain an office or permanent staff in Australia, including staff employed by another entity within the banking group that conducts business on its behalf;

•the foreign bank is not soliciting business from retail customers in Australia;

•all business contracts and arrangements are clearly transacted and booked offshore, and are subject to an offshore legal and regulatory jurisdiction; and

•the foreign bank does not breach Section 66 of the Banking Act. APRA will not provide exemptions from Section 66 for foreign banks operating in Australia other than in conjunction with the limited activities of a representative office.

http://www.apra.gov.au/adi/Publications/Pages/Letter-to-ADIs-Operation-of-foreign-bank

Share this:

Published by Nelle

I am interested in writing short stories for my pleasure and my family's but although I have published four family books I will not go down that path again but still want what I write out there so I will see how this goes

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: