Entry Submitted Anonymously at 4:39 AM EST on December 20, 2018
INTRODUCTION:
I apologise, that I am unable to introduce myself. Due to security/death threats issued against my family, we must remain anonymous and in hiding and seek your assistance in remaining so.
I can advise that I AM NOT a qualified financial analyst or financial adviser, I do not provide financial advice, I am not involved in the geopolitical events or implementation of the New Financial System (NFS). I am just an interested party researching and following the GCR/RV as it is being referred to.
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ANONYMOUS POST:
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False Assertions: ‘All Central Banks Are Owned by the Elites e.g. Rothschilds’
Over the years of following the RV/GCR I have noticed many misconceptions as to the ownership and control of central banks and their functions. The relationship between the USA and the (private) Federal Reserve Bank(ing) System appears to be held up as a model substantiating assertions that all central banks are modelled the same way, this is clearly not the case.
Notions/rumors/assertions that the Elites (e.g. the Rothschilds) own and control ‘all’ the Central Banks globally, are not accurate. Facts relating to central bank ownership are available from various reliable internet sources.
IMO: The examples below substantially disprove the ‘rumors and lists’ asserting that the Elites e.g Rothschilds, own/control ‘all’ Central Banks.
1. The Bank Of England-From the banks web site: (https://edu.bankofengland.
- Who were the original owners of the Bank of England?
“The ‘Governor and Company of the Bank of England’ (better known as the Bank of England) was established by Royal Charter in 1694 to raise money to fund a war with France. Over 1,200 people purchased shares (at the time called ‘Bank stock’) totalling £1.2 million, which was the value of the government loan.”
“The first shareholders came from a wide variety of backgrounds, trades and professions – carpenters and grocers, merchants, doctors, knights and royalty”
COMMENT (IMO): If the Rothschilds were one/some of the early investors/shareholders, as there were so were many other shareholders/owners, the Rothschilds would have been unlikely to have had voting control of the Bank.
COMMENT (IMO): Charles Montagu, 1st earl of Halifax was the founder of the Bank of England in 1694. https://www.britannica.com/
“He was elected to Parliament in 1689 and appointed a lord of the Treasury three years later. By devising a system of guaranteed government loans, Montagu financed British participation in the War of the Grand Alliance with France (1689–97) and initiated the national debt. With another set of loans he established the Bank of England in 1694”.
- When was the Bank of England Nationalised?
“Although we were still privately owned, from the mid-19th century onwards we started to behave less like other private banks and more like what today would be called a central bank. For example, we had a monopoly on the issuance of banknotes in England and Wales and took responsibility for protecting the financial system.
“We were nationalised by the government in 1946 due to our importance to the economy. Various other central banks across Europe passed from private to public ownership around this time….” (Bold & Italic Highlighting is by me, to draw attention to the reference of ‘across Europe’)
- Who Owns the Bank of England Today
“We are wholly-owned by the UK government. The entire capital of the Bank, around £14.6 million, is held by the Treasury Solicitor on behalf of HM Treasury.
“There are some misconceptions on the internet about the Bank of England today being owned by private families, the Royal Family or run as a private corporation. But these stories are untrue.”
“Although we are owned by HM Treasury, we carry out our responsibilities free from day-to-day political influence. The links below and our main website explain more about how we are governed”
COMMENT RE FOLLOWING ITEMS (IMO): The British colonies of Australia (until 1901) and New Zealand, were initially (before federation/independence) banking via the London based ‘Bank of Australia and New Zealand’
2. Reserve Bank of Australia:
The descriptions below are from the Reserve Bank of Australia Web Site and others: a) A Brief History https://www.rba.gov.au/about-
a) Reserve Bank Web site: A Brief History (https://www.rba.gov.au/about-
In 1911, legislation established the Commonwealth Bank of Australia. In 1959, this original body corporate was preserved as the Reserve Bank of Australia (RBA) in legislation, specifically to carry on the central banking functions; at that same time, the commercial and savings banking functions were transferred into a new institution, which carried on the old name of Commonwealth Bank of Australia.
With the Federation of the Australian States into the Commonwealth of Australia, the Australian Parliament assumed power to make laws with respect to banking and currency. In 1911, the first Commonwealth Bank Act gave the Bank only the ordinary functions of commercial and savings banking; the Bank did not specifically have a central banking remit and it was not responsible for the note issue. Management of the Bank was vested in the Governor. The Bank opened for business in mid 1912. At that time, the note issue was administered by the Australian Department of the Treasury, which had taken it over from the private trading banks and the Queensland Government.
In 1920, responsibility for the note issue was transferred from the Treasury to a Notes Board (consisting of four members, appointed by the Government). The Governor of the Bank was ex officio a member of the Notes Board. The administration of the note issue was undertaken by the Bank, though the Bank and the Notes Board were formally independent of each other.
In 1924, the Commonwealth Bank Act was amended and the Bank was given control over the note issue. Management was then vested in a board of eight directors, including ex officio the Governor and the Secretary to the Treasury. From this time until 1945 (when there were major changes to the legislation), the Bank gradually evolved its central banking activities, initially in response to the pressures of the Depression in the early 1930s and later by formal, albeit temporary, expansion of its powers under wartime regulations. These included exchange control and a wide range of controls over the banking system (including authority to determine advance policy and interest rates, and to require private banks to lodge funds with it in special accounts).
The new Commonwealth Bank Act and the Banking Act, both of 1945, formalised the Bank's powers in relation to the administration of monetary and banking policy, and exchange control. Under the 1945 legislation, there ceased to be a board, which was replaced by an advisory council of six, comprising entirely officials from the Bank and the Treasury; the legislation specified that the Governor was responsible for managing the Bank. However, legislation in 1951 established a new board (at that time of ten members), including the Governor, Deputy Governor and the Secretary to the Treasury, and maintained the responsibility of the Governor for managing the Bank. With minor variations in the number of members, this has been the structure of the Bank's Board since that time.
As indicated above, the Reserve Bank Act 1959 preserved the original corporate body, under the new name of the Reserve Bank of Australia, to carry on the central banking functions of the Commonwealth Bank, which had evolved over time; other legislation separated the commercial banking and savings banking activities into the newly created Commonwealth Banking Corporation. The Reserve Bank Act 1959 took effect from 14 January 1960.
There were no major changes in the functions of the RBA until the abolition of Exchange Control following the float of the Australian dollar in 1983. ………………. There is more info describing present days….”
b) Reserve Bank Web Site: Questions & Answers (https://www.rba.gov.au/qa/
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 a body corporate wholly owned by the Commonwealth of Australia. For more information see about the RBA.
c) Investopedia: (https://www.investopedia.com/
What is the 'Reserve Bank of Australia (RBA)'
The (RBA) Reserve Bank of Australia is the central bank of Australia. The bank issues and manages the Australian dollar. The RBA is involved in banking and registry services for federal agencies and some international central banks. The bank, entirely owned by the Australian government, was established in 1960. Philip Lowe governs the bank He succeeded Glenn Stevens in 2016………………….
d) Wikipedia (https://en.wikipedia.org/
The Reserve Bank of Australia (RBA), on 14 January 1960, became the Australian central bank and banknote issuing authority, when the Reserve Bank Act 1959 (23 April 1959) removed the central banking functions from theCommonwealth Bank.[2]
The bank has the responsibility of providing services to the Government of Australia in addition to also providing services to other central banks and official institutions.[3] It currently consists of the Payments System Board, which governs the payments system policy of the bank, and the Reserve Bank Board, which governs all other monetary and banking policies of the bank.[4]
Both boards consist of members of both the bank, the Treasury, other Australian government agencies, and leaders of other institutions that are part of the economy.[4][5] The structure of the Reserve Bank Board has remained consistent ever since 1951, with the exception of the change in the number of members of the board.[2] The governor of the Reserve Bank of Australia is appointed by the Treasurer and chairs both the Payment Systems and Reserve Bank Boards and when there are disagreements between both boards, the governor resolves them.[4][6]
From the middle of the 19th century into the 1890s, the prospects of a national bank forming grew. In 1911, the Commonwealth Bank was established, but did not have the authority to print notes, which was a power that was still reserved to the Treasury. A movement toward reestablishing the gold standard occurred after World War I, with John Garvan leading various boards in contracting the money supply on the route to doing so, and the gold standard was instituted for both the British pound sterling and the Australian pound in 1925.[7]
3. The Reserve Bank of New Zealand
(https://www.rbnz.govt.nz/-/
Owned by the New Zealand Government
4. The Bank of Canada
“On March 11, 1935, the Bank of Canada began operations, following the granting of Royal Assent to the Bank of Canada Act. In 1938, under Prime Minister William Lyon Mackenzie King, the bank was legally designated a federal Crown corporation.”….. “ The Minister of Finance holds the entire share capital issued by the bank.”
COMMENT (IMO): My understanding from re-reading these cases especially the New Zealand documents, it appears that the Commonwealth had actively recommended (1930>) that Commonwealth Nations set up government owned Central Banks. If this recommendation has been fully implemented then it would be reasonable to presume that by now, most if not all current Commonwealth member nations have implemented government owned central banks?.
COMMENT (IMO): The common internet assertion that central banks were going to be abolished due to the implementation of the New Financial System (NFS), is also highly questionable. There remains a need for an independent (publicly/government owned, arms-length) role in assisting/setting sovereign/government economic monetary policy, currency regulation and management functions.
[Another rumor circulating on the internet: ‘the Chinese Elders own/have bought HSBC and control HSBC’, appears to be false.
COMMENT (IMO):
HSBC Holdings is a public listed company and was for some time HQ’d in Scotland until recent years when its HQ was moved to London (which may have been prompted by the Brexit referendum?) and the recent restructure/ownership transfers/re-organisation of the HSBC French subsidiaries may also been influenced by Brexit..
A Google search of ‘top three shareholders of HSBC’ returns: https://www.investopedia.com/
1. Fisher Asset Management LLC: 0.83%
2. Northern Trust: 0.12%
3. Cambiar Investors LLC 0.11%
Assertions that ‘Chinese elders own and control HSBC’ are easy to disprove when facts show that the top 3 shareholders have only a combined total of 1.06% of the stock]
As the above information and associated source URLs/Links speak for themselves, I have no need to and will not respond to any posting relating to this matter.
I trust the above assists in clarifying and dispelling some common assertions and misconceptions regarding Central Banks.
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