Chapter 32 - Ownership of Australia

Ownership of the RBA is a riddle inside a conundrum. You would have heard the standard subterfuge: "Preserve the independence of the Reserve Bank". The RBA website claims that it is wholly owned by the "Commonwealth of Australia". What is this entity called "The Commonwealth of Australia"? On the New York stock exchange, there is a company listed as "The Commonwealth of Australia". Is Australia merely a listed company on a foreign stock exchange such that Australia can be owned by foreigners? I seriously doubt it. I shall give you enough information so that you can do your own investigation.

The biggest clues to the RBA ownership lies in website. This is a website listing all the laws in Australia. Under the "Reserve Bank Act 1959", there is some interesting reading:

Reserve Bank Act 1959

"RESERVE BANK ACT 1959 - SECT 27,76 and 77".

The RBA can be a foreign owned entity called a "Foreign ADI". ADI stands for 'Australian Deposit-taking Institution'. Why would they have set it up to be a foreign institution? The Reserve Bank Act would not have been written that way if it had been intended to keep RBA Australian.

US Securities And Exchange Commission New York

An even bigger clue is a report on the US Securities and Exchange Commission website which you can find at:

 Websearch "the commonwealth of australia listed on the us securities and exchange commission" or similar.

"The Commonwealth of Australia" is listed on the US Securities and Exchange Commission. I wonder why?

On this 'SEC' webpage there is a comprehensive financial report on Australia. The listing of the "Commonwealth of Australia" as a corporation on the US Securities and Exchange Commission could be explained as enabling Australian Treasury Bonds to be traded in the USA or internationally. However, why are we allowing foreign persons to own our Treasury Bonds? Why dow we even need Treasury Bonds when the government has the authority to create the money of the nation? Why sell bonds to foreign countries to obtain Australian dollar denominated bank-credit?

One sentence from the US SEC report:

This document is an exhibit to the Commonwealth of Australia's Annual Report on Form 18-K ("Annual Report") under the U.S. Securities Exchange Act of 1934 for the fiscal year ended 30 June 2009. All amendments to such Annual Report filed by the Commonwealth of Australia on Form 18-K/A following the date hereof shall be incorporated by reference into this document. Any statement contained herein, or deemed to be incorporated by reference herein, shall be deemed to be modified or superseded for purposes of this document to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.

The above linked page on the US SEC website is a must read. The pages of this report read just like the annual report from a large company.

And For New Zealanders

I quote one line for you:

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment to New Zealand's Annual Report on Form 18-K/A to be signed on its behalf by the undersigned, thereunto duly authorized, at New York, New York on the 9th day of June, 2006.

And For Canadians

Australian Interest Rates

Notice that the RBA magically sets interest rates. Then all banks are required to follow suit. In any other industry, this would be called collusion.

Australian Bank Ownership

Australian Bank Ownership