Giving up authority over the RBA - The ultimate BETRAYAL of the Australian people (Australian Citizens Party)

The Labor government under Anthony Albanese and Jim Chalmers is about to commit the ultimate betrayal of the Australian people and our nation. We must do everything possible to stop it.
The issue at hand is who is the real government - our elected representatives, or the private Money Power?
Treasurer Jim Chalmers has committed publicly to passing legislation that would implement all 51 of of the recommendations of the Reserve Bank of Australia Review, including the first one which says “The government should remove the power of the Treasurer to overrule the RBA’s decisions.”
This act of political treachery - if carried out - would surrender any shred of national sovereignty over monetary policy to the banksters.



Important basic information on public banks vs the private banking system. The material here was a huge issue in the 19th century and early 20th century. Unfortunately the private banks won out. The key issue is where the money/repaid debts on the loans, that are conjured out of nothing, goes.

Do you want a system that works for the people, and country, or one that gouges the public?

Consider that low interest rates often lead to building, inflation, and increased debt loads. When the rates increase the assets that were built with the debt fall into the hands of those that issued the debt, or to the rich who carry less debt. Also, indebted private banks can fold too. But with a public bank there is no higher lending source, and you can write off the debt. They can issue money if needed, where the public is the guarantor in a sense. The big problem is not to issue too much money into the system, or too little. It's oil for the machine in order to make things, and let things run.

[Posted at the SpookyWeather2 blog, December 5, 2023.]