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.
Confused?
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 –
* 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.
Barnaby Is Right 
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