Comments on: Alcopops are one thing, but what about the Reserve Bank?

By: Tom McLoughlin

Tom McLoughlin — Thu, 01 Jan 1970 10:00:00 +0000

Who does own the Reserve Bank of Australia? It’s a legislative entity I presume. Then again the value of the financial assets they hold might be subject of international market forces? Is that your point? Their website refers to 1959 Act and “Its assets, which include Australia’s holdings of gold and foreign exchange, amounted to around A$132 billion at 30 June 2007. The Bank is wholly owned by the Australian Government, to which its profits accrue.” One does wonder what influences act on those assets (like price of gold, foreign currency value?), where the rubber hits the road.

By: The Kid From Bondi

The Kid From Bondi — Thu, 01 Jan 1970 10:00:00 +0000

The Reserve Bankind System and Fiat currencies present problems far in excess of the simple picture that we are offered. A little research about the role and ownership of Reserve Banks will give the reader the fright of a lifetime! Just ask Swan or Rudd “who owns Australia’s Reserve Bank”? And see them sh*** themselves trying to give an answer. Ahh … our collective blissful ignorance.

By: David Sanderson

David Sanderson — Thu, 01 Jan 1970 10:00:00 +0000

It may be a simple question but it would also be a simpleminded one as well. There are a multitude of factors, most of them quite obvious, as to why Australia’s situation is quite different from “the likes of Iran, Libya, the Philippines, Peru, Denmark, Malaysia, Poland, Argentina, Mexico, Thailand, Romania, and Indonesia”. But then again Brendan Nelson has shown a talent for asking simpleminded questions so maybe he should just go ahead and ask. It couldn’t be any stupider than the question he asked himself about petrol taxes.

By: David Sanderson

David Sanderson — Thu, 01 Jan 1970 10:00:00 +0000

The Kid From Bondi has taken in too much sea water. Please do not foul discussions with conspiracy theory nonsense.