Banking Royal Commission White Wash

Banking Royal Commission White Wash

My opinion on the royal commission is that it was a great big white wash of the banking system designed to make it look like the government was looking after the interests of the people but really designed to protect the banker’s main engine of profit, “their power to issue practically 100% of the money supply out of thin air as debt”. Most of the stuff turned up could just as well have been prosecuted under the existing criminal law. They will probably prosecute a few small fish as sacrificial lambs but the real crime will continue. By that I mean the banks usurping the sovereign right of the people’s government to issue the money supply.

One of the Banker’s scams to steal from the People is what is call the “Economic Cycle”. First the banks lend freely to get a lot of people in debt and inflate prices. Then they tighten the availability of credit and cause a credit squeeze. As a result a lot of people go broke and the Bankers are waiting on the sidelines to snap up bargain priced properties with the money that they create out of thin air. This time around the Bankers will use the Royal Commission as their excuse to tighten up on their lending. Once again the People will lose out and the Bankers will make a killing.

Here is a fragment of my latest post “Debt Free Money“:-

 In 1937 after 2 years of enquiry the Australian Royal Commission on Money in Section 504 of its report stated:-

“….the Commonwealth Bank can lend to the Government or to others in a variety of ways, and it can even make money available to the Governments and to others free of any charge…”

As this last clause led to a good deal of controversy as to its exact meaning, Mr. Justice Napier, Chairman of the Commission, was asked to interpret it, and his reply, received through the secretary of the Commission (Mr. Harris) was as follows: –

“This statement means that the Commonwealth Bank can make money available to Governments or to others on such terms as it chooses, even by way of a loan without interest, OR EVEN WITHOUT REQUIRING EITHER INTEREST OR REPAYMENT OF PRINCIPAL.”

So in my opinion the issue is already settled. The government can issue debt free money via a Government owned People’s Bank like the Commonwealth Bank of Australia before it was privatized by traitors Bob Hawke, Paul Keating and John Howard. With this power there is no need for the government to tax the vast majority of Australian citizens and businesses and there is no need for the government to borrow money under any circumstance.

This is what the latest Royal Commission should have been about but the terms of reference were carefully drafted to ensure that no such issue would be raised.

John Woodward

P.S. Have a look at my last post “Debt Free Money” and please share these posts. The Bankers own the Media so we have to get the message out person to person.

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