Monday, July 27, 2015

11th June 2015 Visa holder loans, Trade Agreements & FRB doco.

The agenda presented by the club secretary Mr. D. Brooke
Subjects presented in order with the secretary's recorded introduction

Introduction 

Recorded Introduction:
Link to alternative site for immediate play 
[ASC Audio_16 06/15]


Audio_16 06/15

457 Visa mortgage for non-residents


Trade in Service Agreement_Article V


Present

A doco-exposé on the history of Central Banking from its start in England, then America to the present day.  Predominant time given to the formation of the Federal Reserve system with the twelve independent regional Federal Reserve Banks and the Federal Open Market Committee's relationship. [viz. listen to Intro. sound file].  We heard of Fractional Reserve Deposits* and how this crept in, and remains institutionalized as a system of circulating money. The unique relationship that developed with membership of both the FRB and CFR (Council for Foreign Relations).  A centalisation of authority in the hands of a few is a concern to many Americans.  Apparently the producer shares those concerns, before the end of the federal reserve story there's an inquiry into money-bank ( incl. the Internet) alternatives.

Helping the narration were commentaries, those of Edward G. Griffin author "The Creature from Jeykell Island" particularly, interlinking and providing explanation when needed to the FR story.

Dates to remember:

                  --  December 1913 the third and lasting attempt at establishing a Central Bank with                                    permission to issue currency.

                  --  1934 when the FRB hands gold held to the Federal Treasury, in  exchange for "gold                            certificates".

If there is a theme to the doco. -- at least for (this) Aussie(s) -- and calling on Don's earlier in meeting (see blogs on the subject) would have to be:-

America

1.    guns + citizens = open government = gold traceable

Australia

2.    gun buy-backs + subjects = closed government = where's the gold?

The usual suspects will not give up their claim for the precious thing.  To defray personal angst, nothing further to say on the identity of the "usual suspects".

For more relevance listen (above) Audio_16    


* DEFINITION of 'Fractional Reserve Banking'
A banking system in which only a fraction of bank deposits are backed by actual cash-on-hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties. Most countries operate under this type of system.

Also known as "fractional deposit lending".

Courtesy Investopedia


Link to alternative site for immediate play of discussion following. 


A members exuberance and shared cynicism towards politicians (or banksters) "plucked", so not to justify disarming subjects for personal(sic) preservation.  Whilst they (politicians) seem unable to stop the societal(sic) interstice widening.  The gentleman whose comments "plucked" has reached an age where he might be beneficial at a planning stage for reform, but is a Christian church attendee with a history of participation.       


CONCLUSION with a vote of thanks for the secretary evenings events.