Think You’ve Got Cash In The Bank? Think Again

5 Feb

From the Reserve Bank of Australia (RBA) website:

Click to enlarge

That’s $53.2 billion in Australian notes on issue.

Sounds like a lot, right?

According to the Australian Bureau of Statistics (ABS), in December 2011 there were 11.441 million employed people in Australia.

So $53.2 billion in notes equals just $4,655 per employed person.

Doesn’t sound like so much now, does it?

But wait. There’s more.

According to the RBA’s spreadsheet titled “Assets – Selected Assets and Liabilities of the Private Non-financial Sectors”, it seems that “Households and unincorporated enterprises” have $668 billion in “Financial Assets – Deposits.”

And “Private non-financial corporations” supposedly have another $318 billion in “Financial Assets – Bank Deposits.”

So that’s $986 billion in “Deposits” for households and private (non-bank) businesses … combined.

Versus a grand total of only $53.2 billion in actual Australian notes issued by the RBA.


If so, then it is probably because you have not yet seen through the biggest, longest-running con in the history of the human race.

It used to be called “money-lending”.

Now it’s called “banking”.

In a nutshell, the “money” that most people think is in the bank … isn’t.

That’s why, during the peak of the GFC in October 2008, the RBA was printing up billions in extra cash, trying to keep up with a silent bank run:

The private banks keep reserves of cash distributed in 60 storerooms across the country with an average of about $35 million in each. They get topped up by the Reserve Bank before Christmas, when demand for cash typically rises by about 6 per cent, and at Easter, when there is a smaller increase.

[TBI note: That’s only $2.1 billion in stored ‘reserve’ cash at Aussie banks at any time … or a mere $183.50 for every employed person in the country!]

But in early October, the Reserve Bank started getting calls from the cash centres for more, especially in denominations of $50 and $100.

The Reserve Bank has its own cash stash. It is coy about exactly how much it holds, but it is understood to be in the region of $4 billion to $5bn.

As the Armaguard vans worked overtime ferrying bundles of $10,000 out to the cash centres, the Reserve Bank’s strategic reserve holdings of $50 and $100 notes started to run low and the call went out to the printer for more. The Reserve Bank ordered another $4.6bn in $100s and another $6bn in $50s…

Households pulled about $5.5bn out of their banks in the 10 weeks between US financial house Lehman Brothers going broke – the onset of the global financial crisis – and the beginning of December. That is roughly 80 tonnes of cash salted away in people’s homes. Mattress Bank is doing well, was the view at the Reserve. A year later, only $1.5bn had been put back.

(see Our Banking System Operates With Zero Reserves)

You see, dear reader, the global banking system is a colossal con-fidence trick.

Banksters have a government-issued exclusive licence to operate the most insidious “business” in the history of the human race.

They make a killing by lending us vast quantities of … digits. At interest.

Electronic code, in their computers.

Not actual cash money.

When you sign a form to borrow from a bank, the bank is ‘licenced’ to legally create new “money” to lend you. Right out of thin air.

The “money” loaned to you, does not exist.

It is just a new number, on their books.

Your new “loan”, is their new “Asset”.

What you have signed your working life away for, is nothing more than a new electronic bookkeeping entry.

You are working and slaving away, to pay back borrowed binary code … plus “interest”.

Tragically, most folks worldwide have fallen for this centuries-old con game.

Indeed, we have all been born into it. So, we consider it “normal”. We have known nothing different:

Most folks think that when they borrow from a bank, they are borrowing real money that someone else deposited.

Most folks think that banks pay interest to attract depositors, and then, lend that money out at a higher interest rate to people wanting a loan.

It just ain’t so.

As you can see from the RBA’s own statistics, even the “money” that we think we have deposited in the bank … just isn’t there.

There’s only $53 billion in actual cash notes issued by the RBA.

In total. For the whole country.

Versus $986 billion in “Deposits” that businesses and private citizens – you and I – think we have in the banks.

That’s about one (1) actual dollar in “face value”, for every eighteen dollars fifty (18.50) that we falsely imagine is deposited in the bank under our name.

If the “money” lent to you by banksters was only the money they had on deposit from other customers, then how would you explain the fact that (according to the RBA’s “Bank Lending by Sector”) Australian households owed $1.18 Trillion to the banks at December 2011 (including $721 billion for Owner-Occupier housing) … and Australian businesses owed a further $773 billion?

$53 billion in legal tender cash notes issued by the RBA.

$1.95 Trillion in bank loans to households and businesses … at interest.

That’s $36.80 in bank loans … at interest … for every $1 in actual cash printed by the RBA*.

It’s all bull$h!t folks.

By our lazy, ignorant complicity, in agreeing to allow our governments to grant banksters the exclusive power to create “money” and lend … electronic digits … at interest, we have all agreed to a system of human slavery.

Our own slavery.

We have enslaved ourselves, by agreeing to go along with this “system”.

It’s long past time that we all woke up.

And stopped playing along with the con game of “money”-lending.

And especially, of money-lending at “interest”.

There is a very good reason why so many great wise men – Plato, Aristotle, Cato, Cicero, Seneca, Moses, Philo, Buddha, and many many more – all denounced the evil of money-lending at interest. Indeed, it is the same reason why the only Biblically-recorded instance of Jesus Christ resorting to violence, was when he chased the money-lenders out of the Temple with a whip.

The wisdom of the ancients is even more relevant today.

In our modern technology-driven world – where “money” is now not even real gold and silver laboriously dug out of the ground, but mere electronic digits created at the tap of a keyboard and click of a mouse button – there is simply no intellectual or moral justification for the vast majority of mankind to continue allowing a tiny minority to profit from the life and labour of everyone else, by lending “money” at “interest” under government licence.

It is time to demand that our governments enact a single, simple, real reform that would change the whole world for the better.

For everyone.

(Except banksters)

It is time to ban usury … in the original meaning of the word.

And if our elected representatives refuse to act against the banksters’ interest, in our best interest?

Then the following essay outlines my suggestion for one way to beat the bastards at their own game –

The People’s NWO: Every Man His Own Central Banker

* Some may correctly point out that Australian banks do not only take “deposits” from Australians; they also borrow “money” from abroad, in order to lend in Australia. Indeed, this gives rise to the ever-controversial topic of the banks claiming that increases in the cost (ie, interest rate) they are paying for “wholesale” money they have borrowed from abroad supposedly justifies their refusal to pass on the full value of “official” interest rate cuts by the RBA. Nevertheless, the central point of this article remains unchallenged. According to the RBA at December 2011, AFI’s (All Financial Intermediaries) held $308.6 billion in “Offshore Borrowings” – a very far cry from the $1.95 Trillion in loans-at-interest to Aussie households and businesses. More important to note is that these “Offshore Borrowings” too, are mere electronic digits … not actual cash.

26 Responses to “Think You’ve Got Cash In The Bank? Think Again”

  1. Barry February 5, 2012 at 10:37 am #

    I would like to read your article on money but as you have followed the fashion of using light blue text on a white background it is very difficult to read.
    You really need to consider the contrast used on the website generally.

    • The Blissful Ignoramus February 5, 2012 at 10:55 am #

      Sorry about that Barry. This site is a free, pre-configured WordPress “theme” apart from the custom masthead; I’d have to cough up 3 figures annually for full customisation options, or, redo the entire website look (which would mess up layout of 2+ years worth of posts) with a different free “theme” to change that, I’m afraid.

  2. JMD February 5, 2012 at 11:50 am #

    “the biggest, longest-running con in the history of the human race.”

    You’re right there, unfortunately almost nobody has bothered to look behind the curtain. The plebs fall for the scam every time.

    One quibble… that ‘cash’ you speak of, that the banks don’t have, is not even money, rather the credit of the RBA, it’s not just your ‘money’ that is not in the bank, there is no money in the RBA. The RBA is as insolvent as the Reserve Bank of Zimbabwe, its just that like a relentlessly rising stockmarket, nobody knows or cares that the ‘securities’ being issued are of zero quality.

    A snippet from a Jello Biafra song from 1991 is applicable here;

    We keep you poor for economic gain…. Convince you your biggest threat…. is drugs & terrorists!

    They don’t even have to be real…. Find a face, make up a crime…. Run sensational headlines….

    Works every time!!!

    • The Blissful Ignoramus February 5, 2012 at 12:00 pm #

      You are spot on JMD. I’d have liked to go into the issue of the RBA / central banking too, and thought long and hard about doing so while writing this. But for simplicity’s sake, I thought it best to just try to wake folks up to the part of the mechanism that’s right in front of everyone’s face, the one they deal with daily (and hate!). Hopefully an article as simple as this, written in this fashion, will provoke a few more folks to start thinking … and digging for more info.

      • JMD February 5, 2012 at 12:17 pm #

        I dunno TBI, I tried to point out at that she & her readers are only hacking at branches, they didn’t like it. It’s as if, to quote Jello again;

        A house broken bee colony…. That goes home after 5…. Too burnt and glazed to threaten us…. With purpose in their lives.

        Hi-Ho…. Hi-Ho…. It’s off to do OUR work YOU go!!

        PS. Don’t know what your musical taste is but I heard this song
        straight out of high school in about ’92. It’s always stuck in the back of my mind.

  3. Kevin Moore February 6, 2012 at 11:34 am #

    Which countries since 2000 have had a central bank imposed on them and who are the owners?

    Which are the only counties in the world which at present do not have a central bank?

    Who owns the Reserve Bank of Australia and why was it allowed to take over the functions of the original Commonwealth Bank under Denison Miller?

    What control over the RBA does the Australian Parliament have?


    • JMD February 6, 2012 at 1:38 pm #


      The RBA is “wholly owned by the Australian government” according to its own website

      The government has total control over the RBA. Any pretense of independence is just that. The same goes for all other central banks, don’t fall for the ‘invisible hand of the Rothschild’s’ bunk. Private banking concerns certainly benefit from central banking but it is the monetisation of the government’s worthless debt that keeps the scam in motion & the reason why the government will never willingly give up its vice like grip on this monopoly.

      In fact most people are conditioned to believe that the government should have a monopoly on ‘money’. Indeed “we have all agreed to a system of human slavery”.

  4. Richo February 6, 2012 at 12:06 pm #

    Warrick McKibbin (former RBA board member) has some harsh words to say on current economic policies in today’s fin reveiw. No wonder the goose didn’t renew his contract.

  5. Kevin Moore February 6, 2012 at 1:49 pm #

    Another viewpoint on the ownership and control of the RBA.

    • JMD February 6, 2012 at 5:46 pm #

      That link is absolute tinfoil hat rubbish Kevin. For a start the RBA is not foreign nor private but “a statutory authority, established by an Act of Parliament” Also, “the Reserve Bank is accountable to the Parliament for its actions”.

      Further, interest rates have NOT been artificially turned up higher in a series of edicts by the Reserve Bank of Australia. If you look at interest rates over the last 30 years you will see they have been trending down, not up.

      Learn more here

      • Anonymous February 26, 2012 at 1:42 am #

        You are incorrect. The RBA is a privately owned corporation and has nothing to do with the Government, hence the Australian People/Government don’t get to choose the RBA Board Members.

        And if you take a look at the current Board Members, you’ll see it’s run by Big Banks and Big Corp (Oil and Gas/Media/Agriculture/Food).

        Wake up to the lies.

  6. Kevin Moore February 6, 2012 at 3:10 pm #

    In 2011, only 3 countries left in the world that do not have a Rothschild controlled Central Bank.

    • Twodogs February 6, 2012 at 5:15 pm #

      What about Goldman Sachs? They can’t both be in total control, surely? (/devil’s advocate).

  7. Tel February 7, 2012 at 10:21 pm #

    You have to laugh but if you offer money to someone at interest and the tax department might decide the rate you offered is too low, they can “deem” it to be lower than market rates. How funny is that? As if there was a free market in operation or something.

    • Kevin Moore February 8, 2012 at 8:35 am #

      As applies in the US,applies in Australia,I presume.

      To pay the National debt every dollar that can be collected will be collected.

      Our tax money is collected and sent straight to the RBA.

  8. Rocket Rod February 8, 2012 at 12:18 pm #

    You don’t understand !
    Julia Gillard has told us all we’re a strong economy with a strong dollar. and largely safe from the woes of the rest of the world
    Now, would a politician lie to us ? ha ha ha.
    The ONLY reason the sheeple are still living their debt-driven blissfully ignorant lifestyles is because they don’t understand what’s really happening and how “the system” works.
    Forget the MSM unless you want to learn about who’s up who in the social calendar or check the footy results of learn the goss on the latest cooking crud show.
    When the Euro and the EU go down, and that’s a CERTAINTY for 2012, the USA will follow and then dear old China, Japan and the other “emerging” economies will have lost their biggest customer bases, so in turn dear old Australia is in BIG trouble as it’s #1 industry of mining goes belly up.
    And so the global collapse comes to Australia and the FIAT money system and fractional-banking catastrophe will be revealed to all, albeit far too late for those who don’t know already.
    But wait – the politicians will cry “We didn’t know, no-one could have foreseen this” or something similar and pretend it wasn’t avoidable.
    Oh no, let’s continue lying to the people giving them false hope and keeping them ignorant so when the crash hits, the people will be in the worst possible financial state and suffer the worst hardship and then become the biggest drain on government coffers in their high-debt unemployed state.
    Yeah, that makes sense…

    Oh well, Greece goes next month, so it’s too late now anyway.
    The dominoes are about to fall.

    • Twodogs February 9, 2012 at 1:01 pm #

      You know things are bad when Europeans talk openly about storing non-perishables not only as a future food source, but also as tradable items, without even a hint of sarcasm. They hold no faith in future food supplies or legal tender. Scary stuff.

  9. Max Laroux February 9, 2012 at 5:15 pm #

    Please read 2 books written by Brian Wilshire, one in 1992 called “The Fine Print” and 1993 called “Fine Print 2” and see how he let the cat out of the bag on what Governments all over the world have been conniving and contriving to do since Adam played fullback for the Arabs up to then (1992/3) and it looks like the are still up to there old tricks now in 2012.
    As Barnaby writes, it is up to “us” the people to get off our backsides and demand a new and better deal for “us” and “we” the people from our elected Government (who elected Julia?) before “we” are all sold to the World slave traders (read “banks”).
    The trouble with sticking money in the mattress is that it is too lumpy to get a real good nights sleep on, so apart from a bank, where else can you put it so that it is reasonably safe? Hmm, looks like the banks win—again—. Anybody got any other bright ideas, if so, keep them to yourself and don’t let the Government know.

    • Jimbo September 19, 2012 at 5:24 pm #

      Take physical possession of gold and silver. Turn your worthless pretty plastic fiat paper into real money.

  10. Robert Buckley October 29, 2012 at 12:45 am #

    The answer is spend all you have on being independent, Grow your own vegistables and if possible keep a few sheep, go solar, perhaps buy a horse.

    I do take these issues seriously and this is not the first time I’ve heard about money being printed out of thin air, get hold of Zeitguiest dvd’s.

    Yes it dose make me sick to think about how the human race has and still is destroying our world, greed, dishonesty.

    I think the human being of this world has a lt to answer to, at least with animals you can and expect them to survive and breed and protect their territory without any of the corrupt ways that we humans have.

    From religion, politics, justice that is as corrupt from the politics right down to the local councils. Lets face it the system is too entrenched to have any chance of change.

    We have polluted the earth and as far as this carbon tax is concerned its only a scam for more revenue. The truth be known we are too far gone to stop the problems of our doings.

    As far as I’m concern I will live and enjoy my family as long as possible. What have we left for our children and their children, I hang my head in discuss.

  11. dave November 27, 2012 at 12:44 pm #

    Get rid of the two party preferred system that allows the bastards to keep being elected .

  12. Senexx June 10, 2013 at 1:56 pm #

    Loans create Deposits not the other way around.

    In other words it is an error to say:

    they are borrowing real money that someone else deposited.


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