posted on Feb, 6 2013 @ 06:11 PM
Originally posted by hellobruce
Originally posted by ChaoticOrder
The key point to keep in mind, is that these central banks are privately owned by shareholders, and they aren't true "state owned
Except for the Reserve Bank of Australia, and the Bank of England... there are no private owners for those. The same as the Reserve Bank of New
Zealand, The Bank of Canada etc. All state owned.
edit on 5-2-2013 by hellobruce because: (no reason given)
Sorry to break it to you mate, but The RBA isn't state owned.... if you looked at all you would have probably found that the first line of the Wiki
entry is as follows:
The Reserve Bank of Australia, a privately owned bank, came into being on 14 January 1960 as Australia's central bank and banknote issuing authority,
when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank.
Also, if you'd have looked at the bank of Canada... you'd have found that its owned by The Queen....
The Bank of Canada (French: Banque du Canada) is Canada's central bank. The bank was founded by the Bank of Canada Act on July 3, 1934, as a
privately owned corporation. In 1938, the bank became a Crown corporation, belonging to the monarch in right of Canada.The Minister of Finance holds
the entire share capital issued by the bank. "Ultimately, the Bank is owned by the Minister of Finance on behalf of Her Majesty in right of
The Bank of NZ is publicly owned, as is the Bank of England. However, they still use the fractional reserve banking system which is # because it gives
the government power over the wealth of the people... which is supposed to be in the hands of the people... So the government has control instead of
the banks on the surface, but the government does whatever big corporations want them to do... as does england's... welcome to government lobbying!
ie: legalized bribery...