Category Archives: Banks
Firearms industry calls on all ANZ Bank customers to cancel their accounts for stopping on-line firearms trading
Cairns News echoes the call by Shooting Industry Foundation of Australia and gun dealers Australia wide to cancel their ANZ accounts and to urge their customers, families and friends to do likewise.
While few people like the Big Four banks, this time around they have hit a raw nerve in regional areas where buying guns or ammo online is a necessity.
Roo shooters, farmers, rangers and sport shooters will be affected by having to make long trips to towns to purchase guns and accessories.
A joint venture between ANZ Australia and European payments provider Worldline has cancelled essential banking services for dealers.
Worldline’s CEO Petr Ryska said each merchant application was reviewed on a case-by-case basis.
Although reaffirming that this week, a company spokesperson said that when it came to the sale of firearms, they “worked with merchants whose customers purchase weapons in-store, based on appropriate licence and permit checks, as is required by law”.
“Where consumers are looking to buy firearms online, we do not offer ecommerce, mail order or telephone order services for the sale of those items”, she said.
SIFA said that regardless of how a payment was made, every legal firearm transaction in Australia was registered, and must be done so via a licensed firearms dealer to a police-checked firearm license holder, who has the appropriate permits in place.
“By de-platforming our industry, ANZ has ignored Australia’s strong and robust firearms legislative regime that mandates how a firearm transaction takes place,” SIFA CEO James Walsh said.
He added that removing the ability for licensed dealers to accept certain payments by credit card made it harder for businesses to transact with their customers, meaning they would need to source other, often less secure, payment alternatives.
“Regardless of what ANZ purports, this decision is simply a social restraint of trade on a legal and highly regulated industry, as firearms dealers who bank with ANZ will now be unable to take payments from remote customers or have the ability to service any customers who do not live in the local area,” Mr Walsh said.
The NSW dealer said they’d been advised by their local branch to move their business to another banking service, as there was nothing they could do to influence decision-making.
Reserve Bank well on way with CBDC for sheeples
by Lyndesy Symonds
This is Central Bank Digital Currency (CBDC) and microchip creep. The integration of all personal data will be on that chip and the sheeple will be micromanaged through the chip in every aspect of our lives.
Ron Ray of Mother & Refuge of the End Times has just posted a video on this timely subject.
Digitalisation of Currencies & of You? CBDC Tracker shows us inching towards prophetic fulfillment
The atheists / agnostics among us will not readily or perhaps never credit this, I know, but Heaven has been lecturing us on this subject for sometime. Here are the urgent messages over the past decade on this subject together with promises of fidelity and care for those who will stand against this seizure of the soul and alleigance to God.
Here is the CBDC tracker for the world rollout. As you will see all the Communist Bloc [BRICSA] nations are out of R&D and into implementation.
Australia is at present in the Research phase.
Look at what happens when cash is replaced by digital currency, being developed by the Reserve Bank right now
Petition to impose immediate moratorium on regional bank closures
Short notice but worth a moniker. Editor
“Moratorium on regional bank closures and new inquiry”
Private research shows regional Australia has lost 62 per cent of its banks since 1975, leaving just 1062 located mainly in clusters in larger centres. The number of towns and cities with a bank has shrunk from 1226 to 386: 575 towns that once had one or more major banks now have no form of bank at all. Another 146 towns are on the brink of complete loss of banking services, with just one major bank open. Last year, regional Australia lost 113 “big four” bank branches. Locations included 45 towns that were stripped of their last/only bank. Of these, 23 did not have a minor corporate, mutual or franchise bank to fall back on. If a similar 10 per cent cut to the branch network is made this year, 100 more branches will be lost in the next seven months: 50 towns will lose their last bank. This issue has not been looked at properly for 17 years. The Morrison Government set up a “taskforce into regional banking” as a pre-election stunt but only put representatives of the banking industry and its own politicians on it. Just one public meeting was held. Findings have not yet been delivered.
We therefore ask the House to impose an immediate moratorium on regional bank closures, launch a new inquiry to pick up from where Money too Far Away (1999) and Money Matters in the Bush (2004) left matters and pulp any reports that come from the coalition’s taskforce.
Closing date for signatures: 06 October 2022 12:59 AM (AEDT)
Petition link: http://www.aph.gov.au/e-petitions/petition/EN4244
Australia planned Cyprus-style “Bail-In” of banks in 2013-14 Budget
by Kev Moore
Unsurprisingly, the evidence was fairly well buried. Naturally, the government does not want you to know what they are doing.
Just like the Canadian government did in March, and just as Europe, the USA and the UK have now done, the Australian government too is now beginning to make good on its 2010 G20 commitment to implement the Goldman Sachs-chaired, internationalist Financial Stability Board’s new regime for bailing out the banks using depositors’ money.
On page 134 of the Australian Government Budget 2013-14 Portfolio Budget Statements, under the section for the Australian Prudential Regulation Authority, we find the first of APRA’s main strategic objectives for 2013-14. It can be effectively summarised as “business as usual”.
Their second strategic objective for 2013-14, is to:
“Consolidate the prudential framework by enhancing prudential standards where appropriate, in line with the global reform initiatives endorsed by the G20 and overseen by the Financial Stability Board; [see image at top of this post]
Those “global reform initiatives endorsed by the G20” include the FSB plan to “bail-in” insolvent banks:
FSB: ‘Key Attributes of Effective Resolution Regimes for Financial Institutions’,
In the waffle that follows, we find further that:
APRA will focus on implementing the new global bank liquidity framework in Australia…
Page 134, Portfolio Budget Statements, Australian Prudential Regulation Authority, Australian Government Budget 2013-14.
This is likely referring in particular to the Basel III International Framework For Liquidity Risk Measurement, Standards, and Monitoring.
When published in combination with the previously mentioned strategic objective to “consolidate the prudential framework… in line with the global reform initiatives endorsed by the G20 and overseen by the Financial Stability Board”, the implication is crystal clear.
“Global bank liquidity framework” is really just technocrat-ese for “global bankster plan to prop up insolvent banks using other people’s money, and so instantly impoverish everyone who still has any savings left”
For further proof that what this all means is the Australian government planning to steal your money to “bail-in” so-called “systemically-important financial institutions” (SIFI’s) — under the orders of an un-elected international body (of bankers and bureaucrats) you’ve never heard of; a body funded by the Bank for International Settlements (BIS), and chaired consecutively by Goldman Sachs alumni — then please study the detailed primary source evidence in this blog’s original breaking story published on April 1st –
G20 Governments All Agreed to Cyprus-Style Theft Of Bank Deposits … In 2010
That’s something else to thank our recently-deposed PM Julia Gillard for doing, without our knowledge or permission.
https://barnabyisright.com/2013/07/10/australia-plans-cyprus-style-bail-in-of-banks-in-2013-14-budget/ (No longer on the internet)
Transition to the world CBDC for the world soviet
by Lyndesy Symonds
All nations seated in the United [Communist] Nations are welded to that seat because they are owned as corporate assets of the Central Banking Cartel with its foundation in the City of London Corporation and its Apex in the BIS. This is a private money trust as Congressman Louis T McFaddon reported to the US Congress in the 1930s – later assassinated – when he called for a full audit of The Fed. And the dynastic families who are the Owners of that trust are acknowledged in Carroll Quigley’s work “Tragedy and Hope”.
The Owners of this Money Pyramid (and its world hegemon) might assign the overlords of their vassal nations different scripts in their consolidation of the wealth PLAN and its geopolitics but that basically is the structure in terms of Ownership by Monopoly Capital.
With this structure in mind all of this post is of great interest because right at the beginning of the UN Corona Baloney Hoax called by former Ethiopian Gook Tedros (March 15 2020) The Fed started just printing money cutting interest rates to near zero and buying bonds (Quantitative Easing or QE). The Australian Reserve Bank followed suit in Nov 2020)
QE is also known as ‘large scale asset purchases’ – is a consolidation of the CBC wealth. In the context of the Fake Pandemic it was a move of Monopoly Capital in the West to provide the financial engine for the Western CoVID Regimes to build their UN required infrastructure – their Semashkos [communist health system], their police states, DNA data base – that was the up-the-nose PCR test, break the economies and production supply chains. Lots of boxes to tick here before primary production can be collectivized in the West.
All of that including the secret cities is already built in the Communist Eastern Bloc – they used all that money blast from their Central Bank to shore up the gold reserves that will peg their digital currencies in phase 2: transition to the world CBDC for the world soviet.
History Repeating Itself in Ukraine, Bykivnia, genocide, Russia
CBDC: Central Bank Digital Currency
Reserve Bank and ALP/LNP duopoly will soon get rid of legal tender notes and coins as promised by WEF operative Scott Morrison
The Reserve Bank is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC) in Australia.
Considerable research has been undertaken by central banks, including the Reserve Bank, into the feasibility and possible technical design of CBDC, in particular exploring the potential use of new technologies such as distributed ledger technology. A question that has received less attention to date, especially in countries like Australia that already have relatively modern and well-functioning payment and settlement systems, is the use cases for a CBDC and the potential economic benefits of introducing one.
The project with the DFCRC will help address this gap by focusing on innovative use cases and business models that could be supported by the issuance of a CBDC. The project will also be an opportunity to further understanding of some of the technological, legal and regulatory considerations associated with a CBDC.
The project, which is expected to take about a year to complete, will involve the development of a limited-scale CBDC pilot that will operate in a ring-fenced environment for a period of time and is intended to involve a pilot CBDC that is a real claim on the Reserve Bank. Interested industry participants will be invited to develop specific use cases that demonstrate how a CBDC could be used to provide innovative and value-added payment and settlement services to households and businesses. The Bank and the DFCRC will select a range of different use cases to participate in the pilot, based on their potential to provide insights into the possible benefits of a CBDC. A report on the findings from the project, including an assessment of the various use cases developed, will be published at the conclusion. The findings will contribute to ongoing research into the desirability and feasibility of a CBDC in Australia.
The Australian Treasury is participating as a member of the steering committee for the project, as part of its joint work with the Reserve Bank on exploring the viability of a CBDC in Australia.
A paper will be published in the next few months that will explain the objectives and approach of the project in more detail and how industry participants will be able to engage.
‘This project is an important next step in our research on CBDC. We are looking forward to engaging with a wide range of industry participants to better understand the potential benefits a CBDC could bring to Australia,’ said Michele Bullock, Deputy Governor of the Reserve Bank.
Dr Andreas Furche, CEO of the DFCRC, said ‘CBDC is no longer a question of technological feasibility. The key research questions now are what economic benefits a CBDC could enable, and how it could be designed to maximise those benefits.’
About the Digital Finance Cooperative Research Centre (DFCRC)
The DFCRC is a 10-year, $180 million research program funded by industry partners, universities and the Australian Government, through the Cooperative Research Centres Program. The DFCRC’s mission is to bring together stakeholders in the finance industry, academia and regulatory sectors to develop and harness the opportunities arising from the next transformation of financial markets – the digitisation of assets that can be traded and exchanged directly and in real-time on digital platforms. The Reserve Bank is an industry partner of the DFCRC, and is using its involvement in the DFCRC to support work on its strategic focus area on supporting the evolution of payments, including through research on CBDC.
Enquiries: Reserve Bank of Australia
Reserve Bank of Australia
Phone: +61 2 9551 9720
Enquiries: Digital Finance Cooperative Research Centre
Chief Operating Officer
Digital Finance Cooperative Research Centre
Phone: +61 478 220 277
Australia Post bank desperately needed
from Alison Ryan
There was a public forum in Parliament House on 7 September making the case for a public postal bank.
Former New Zealand Cabinet Minister Matt Robson attended, and “concluded from what he saw that Australia is well on the way to winning the bank. Australia has a real chance to achieve a public bank that the public will take ownership of, ensuring politicians won’t be game to try to privatise it, which Matt Robson reported has been NZ’s experience.”
(From Australian Alert Service, 14 September 2022)
Robert Barwick commented in the AAS that:
“The existing political support for a public post office bank is unusually bipartisan, ranging from the Greens to One Nation, Katter’s Australian Party, many individual members of the Nationals and ALP, including senior figures, and even members of the Liberal Party. All parliamentary political parties were represented at the forum, either by politicians or their staffers.
Member for Kennedy Bob Katter, whose support for Christine Holgate and the LPOG was pivotal in forcing last year’s inquiry, is a staunch advocate of public banking, and spoke of the potential for investment in economic development. Mr Katter is preparing a bill, called the Commonwealth Postal Savings Bank Bill, which would establish a Commonwealth government-owned banking corporation, separate from Australian Postal Corporation with its own board and management, but with a permanent agency agreement to operate through post offices. The bill’s provisions include that the bank is guaranteed by the Commonwealth government; the agency agreement must ensure that Australia Post and the LPOs receive full and fair payment for providing the infrastructure for banking services; the bank will provide full banking services, including taking deposits and advancing loans; the bank may lend for housing, small and medium enterprises including farms, and local, state and federal infrastructure projects; the bank must act in the public interest; and the bank must give priority to access to banking services.
One Nation Senator Malcolm Roberts said a public bank is needed to hold the private banks accountable and to ensure banking services for all communities. Liberal Senator Gerard Rennick described himself as a passionate backer of a people’s bank, both as an essential service, and as an instrument of monetary policy to direct investment into the economy. National Party Senator Ross Cadell attended but was called back to the chamber before he had a chance to speak. Closing the forum, LPOG Executive Director Angela Cramp said post office people were delighted at the support for a postal bank. “We have the network; we’re ready for the work,” she said. “Bring it on.””
A postal people’s bank is clearly both in Australia’s national interest, and is the long-term solution for Australia Post. It is also the solution for regional banking needs.
Foreign body corporate owns Reserve Bank, lends money to the Commonwealth at interest
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.”
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
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.
Foot and mouth disease could become another scamdemic like Covid
Letter to the Editor
Once again the poor afflicted people of the ‘unlucky country’ face another beat up, this time it isn’t the Covid scamdemic, but foot and mouth animal virus.
Yes it is in Indonesia, but 800 miles of ocean separate us from it. Yes we should help them eradicate it. But no the only way we can get it is if it is deliberately introduced.
All political parties oppose restrictions on travel between here and there, but all are getting behind using this beat up to put more useless and expensive rules on cattle producers.
Just like the socialist criminals forced the useless and expensive electronic NLIS tracking on a industry that 99% of cattle producers rejected. But such Bankster owned, Judas goat entities like the NFF supported it and are now making ludicrous suggestions that livestock trucks be washed down after each consignment.
A strange thing happened back then. We had a panic over chemical “contamination” of meat which was the stalking horse used to force this impost.
But as soon as it was done, magic, no more contamination. Sounds like gun “massacres” pre-Port Arthur.
The National Party is running about pumping up the FMD hysteria. Anything that they are involved in has a strong odour of fish. From the destruction of the dairy industry onwards it is obvious they serve corporate and Schwab’s neo-racist goals.
All that they have achieved so far is to collapse cattle prices by 50% in a month, which our mostly foreign owned meat processor’s are loving all the way to the bank.
Labour loves it too as it may give them slightly lower food prices, leaving farmers once again subsidising the city consumers.
We just had 2 years of a successful COVID scamdemic, and now they are doing it again with FMD. Don’t get sucked in again.
What is Indonesia doing to stem the spread of FMD?
While FMD sits squarely on the Papua New Guinea border with Indonesia, there are no reports of it entering the country yet. The Indonesian government launched a nationwide rollout of vaccinations in mid-June. It has also restricted the movement of livestock with the help of police and the army, launched a campaign to educate farmers on the risks of FMD, and a number of infected livestock have been slaughtered.
As of 26 July 663,919 livestock have been vaccinated, 6,275 animals have been slaughtered and 3,872 have died.
Last Tuesday, a spokesman for Indonesia’s FMD taskforce, Professor Wiku Adisasmito, told an online press conference that vaccination efforts were being hampered by a lack of supply and people to administer vaccines, as well as difficulties getting to farmers and keeping the vaccine at the correct temperature.
“In this case, the government will continue to evaluate, coordinate, and improve performance so that the vaccination coverage is higher,” he said.
According to the Red Cross, the government has stated 30 million vaccines are needed. But so far only 3m vaccines have been secured, with an additional 1m expected to arrive in Indonesia from Australia soon. The Indonesian government is planning to produce vaccines locally, with production expected to start by the end of August.
Rondong said controls restricting the movement of cattle between islands had been weak, with the spread likely exacerbated by Idul Adha, a major Islamic holiday on 10 July which involves the sacrifice of animals and sharing the meat with the poor.
What is Australia doing?
Enhanced biosecurity controls have been put in place at Indonesia’s borders with a particular focus on Bali, according to a spokesperson for Australia’s department of agriculture. The controls include disinfectant foot mats for departing passengers and awareness raising materials.
Both the Australian and New Zealand governments have ramped up biosecurity controls domestically, including strict screening of inbound mail and freight from Indonesia.
The Australian government has committed A$5m (US$3.46m) to support Indonesia’s response, as well as mitigation measures in Timor-Leste and Papua New Guinea where the disease has not yet been detected. The money will fund testing, personnel and logistics support for the distribution of vaccine.
Are farmers being compensated?
The government is preparing a compensation scheme for affected farmers, with Rp10,000,000 (about A$960) for each forced slaughter. But a spokesperson for the Red Cross said there were concerns this was not enough for farmers to recoup their loss, with cattle often as valuable as farmers’ houses.
Windsor said that unlike the FMD outbreak in the United Kingdom, where livestock were culled to get the disease under control, forced slaughter is difficult in south-east Asian countries given livestock are the “bank accounts for smallholder farmers”, and also a crucial source of nutrition for rural Indonesian children.
Two weeks ago, Windsor visited two farms in Indonesia where animals had been infected with FMD. In one farm of 18 cows, milk production had dropped from an average of 250 litres a day to 15 litres.
“It has a massive impact on productivity for the farms,” he said. “And they are very concerned for the animals suffering from the disease.” – The Guardian