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Hi all, I'm hoping someone knows the answer to this question.

I know it is now an indisputable fact that many of the federal banks out there (such as the FED) in the US are privately owned however I have not managed to identify any evidence that this is the case in Australia. I personally believe it is, but would like hard facts to substantiate my belief.

Does anyone know of any credible research, and/or information which proves this is the case here in Australia? (excluding the vast number of honorary visits and speeches by the likes of the Rothschilds ?

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1. The Constitution is our birth rite of which "Common Law" is born to ensure our rights and liberties.
2. "I do not recognise Common Law" - Senior Magistrate, WA, Perth, Western Australia.

This is from the FAQ section of the Reserve Bank of Australia website.

1. What is the Reserve Bank of Australia and who owns it?
The Reserve Bank of Australia is Australia's central bank. Its role is set out in the Reserve Bank Act 1959. The Bank conducts the nation's monetary policy and issues its currency. It seeks to foster financial system stability and promotes the safety and efficiency of the payments system. It also offers banking services to government. The Bank is wholly owned by the Australian Government, but is not a government department. For more information see about the RBA.

here is a link
http://www.rba.gov.au/qa/role.html#own

the link below, this site claims the RBA is foreign owned, check it out
http://rainmakers-ozeania.com/4-the-imm ... ralia.html

Thanks furious d.

I've got that far. Even tripped over the site you mention. So the Acts allow / condone this I understand. But there is still really no credible source. I've been in debate about this with a number of people and when asked to produce irrefutable proof I've had no luck. More specifically, I went and called the RBA and asked them some questions. What i found interesting was their privacy policy. Ever read it? You can ask about anything you like, except matters relating to who owns it, who provides finances etc ! So here is where I am at.

I know they are private. I want to let others know how we have been sold out, but can find nothing that proves without doubt this is the case. Anyone else got anything concrete?

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1. The Constitution is our birth rite of which "Common Law" is born to ensure our rights and liberties.
2. "I do not recognise Common Law" - Senior Magistrate, WA, Perth, Western Australia.

OK - I've been determined to secure information relating to this which proves that the RBA works as a central bank. Ironically, much of their own material on their own site classifies them as a "central bank" comparing operations of it with that of the US. However, I tripped across this information which has led me to conclude that this is exactly what they are, I give you.... RITS....

"The Reserve Bank Information and Transfer System (RITS) is Australia’s high-value payments system which is used by banks and other approved institutions to settle their payment obligations on a real-time gross settlement (RTGS) basis. Final and irrevocable settlement is achieved by the simultaneous crediting and debiting of Exchange Settlement Accounts (ESAs) held at the Reserve Bank of Australia. Payments are entered into RITS directly, or delivered via the external feeder systems, SWIFT and Austraclear. These include payments that settle through CLS, a global initiative designed to reduce foreign exchange settlement risk. Some netted payment obligations are also settled in RITS as part of a batch.

Payments processed through low-value clearing systems are currently settled in RITS on a net deferred basis in the 9am Batch. Work is underway to provide infrastructure that will allow more timely settlement of these payments.

RITS is the means by which ESAs are accessed. Membership of RITS is compulsory for all ESA holders, which mainly comprise Australian-licensed banks. Membership is also required for participation in the Reserve Bank’s domestic market operations, and for Batch Administrators approved to submit batches of payments to RITS for settlement. RITS facilitates banks’ credit and liquidity management by providing tools with which they can exercise control over the settlement of payments. RITS has queuing and gridlock-avoidance mechanisms that minimise the extent of system liquidity required to settle payments. RITS also offers Members a Low Value Clearing Service (LVCS) that provides network interconnectivity (currently between SWIFT and the Community of Interest Nework administered by the Australian Payments Clearing Association (APCA)) to facilitate the transfer of files related to payments clearing."

And who are RITS members ? IE - who are those organsiations that must "settle their accounts with the RBA?" Well pretty much every bank you've ever heard of.

But if you are in doubt, check out their online training manuel - "You gotta love IT"....

http://www.rba.gov.au/rits/info/pdf/Accessing_RITS_%20Password_and_Certificate_Administration_Presentation_June_2008.pdf

If you review this "training document" you'll have a pretty good appreciation of how the RBA works, how the banks work for it, but still, I am unsure of, who the RBA actually is. By that - where does it get it's capital from?

_________________
1. The Constitution is our birth rite of which "Common Law" is born to ensure our rights and liberties.
2. "I do not recognise Common Law" - Senior Magistrate, WA, Perth, Western Australia.