With effect from Friday, 7th November, Lo Doc 80 will no longer be available with ANZ Bank
All new applications must be submitted by close of business, Friday, 7th November in order to receive the Lo Doc 80 product facility. Those applications received after this date, will no longer be eligible for this.Lo Doc 80 applications that are currently unconditionally approved will be honoured for the normal approval period (i.e. 6 months). However, variances will not be considered. Approval in Principles will be reviewed on a case by case basis.Richard Taylor | Australia's leading private lender
Yes, In the 20's the elite family's who own the worlds banks sent down orders through the command line to call in loans, stop lending and contract the money supply though there bank monopoly, This is what caused the great depression. These are the same family's who consolidated even more power and added great wealth to there fortunes during the weakening of the depression.
It looks like the they are sending down the same orders once again.
Permit me to issue and control the money of the nation and I care not who makes its laws. — Mayer Amsched Rothchild
Lets learn a little Australian history shall we…
*In 1911, legislation established the Commonwealth Bank of Australia, the first Commonwealth Bank Act gave the Bank only the ordinary functions of commercial and savings banking; the Bank did not specifically have a central banking remit and it was not responsible for the note issue
*In 1920, responsibility for the note issue was transferred from the Treasury to a Notes Board (consisting of four members, appointed by the Government)
*In 1924, the Commonwealth Bank Act was amended and the Bank was given control over the note issue. Management was then vested in a board of eight directors, including ex officio the Governor and the Secretary to the Treasury. From this time until 1945 (when there were major changes to the legislation), the Bank gradually evolved its central banking activities, initially in response to the pressures of the Depression in the early 1930s and later by formal, albeit temporary, expansion of its powers under wartime regulations. These included exchange control and a wide range of controls over the banking system (including authority to determine advance policy and interest rates, and to require private banks to lodge funds with it in special accounts).
*The new Commonwealth Bank Act and the Banking Act, both of 1945, formalised the Bank's powers in relation to the administration of monetary and banking policy, and exchange control. Under the 1945 legislation, there ceased to be a board, which was replaced by an advisory council of six, comprising entirely officials from the Bank and the Treasury
Reserve Bank Act 1959 – http://www.comlaw.gov.au/ComLaw/Legislation/ActCompilation1.nsf/framelodgmentattachments/C6ABB60CB7F77F69CA2574F000805C0E
This is from the FAQ section of the Reserve Bank's website.
1. What is the Reserve Bank of Australia and who owns it?
The Reserve Bank of Australia (RBA) is Australia's central bank. Its role is set out in the Reserve Bank Act 1959. The Bank's main responsibility is monetary policy. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system. The Bank is wholly owned by the Australian Government, but is not a government department. For more information see about the RBA.
But wait a minute, If your telling the truth, how could the RBA be owned by the Australian Government and at the same time not be a Government Department ? this makes no sense.
Also if it is the RBA who lends money to the Australian government which the Australian government pays back with interest, Why would the government lend money to itself in the first place ? And why would the government charge interest to itself that it is going to apparently pay back to itself ? Where exactly do the profits from the RBA go ? Why are they not on a government Income/Expenses sheet ?
The truth is that the RBA is not Owned by the government but elite familys, The same familys who own the American Central Bank and the Central Banks of Europe, It is within there own personal benefit to play with the world economy, rack up huge government deficits and send entire countries into total financial oblivion, Remember wealth isnt destroyed only transfered.
But is it enough ? Of corse not, Now they have bribed the governments of the western world to push the C02 agenda so that YOU the Australian Tax Payer have to buy carbon credits from them ! Credits they make out of thin air ! Wake up people, Educate yourself.
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