Tag Archives: interest rates

The official logo of the Reserve Bank of Australia (RBA) is an allusion to the Jewish (i.e. Edomitish) hexagram.

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By Andrew Mackinnon

Here is the official purpose of the Reserve Bank of Australia (RBA):

“It is the duty of the Reserve Bank Board, within the limits of its powers, to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia and that the powers of the Bank … are exercised in such a manner as, in the opinion of the Reserve Bank Board, will best contribute to:

a. the stability of the currency of Australia;

b. the maintenance of full employment in Australia; and

c. the economic prosperity and welfare of the people of Australia.”

rba.gov.au/about-rba/our-role.html Read more...

The purpose of non-white immigration into Canada is to cause financial hardship for white Canadian citizens and diminish their quality of life.

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By Andrew Mackinnon

This is what happens in Canada when the population of Canada increases as a result of the Government of Canada allowing non-white immigration into Canada:

> Demand for renting residential property (i.e. houses and apartments) increases, thereby causing rents for residential property to increase. Read more...

The purpose of non-white immigration into the United Kingdom is to cause financial hardship for white citizens of the United Kingdom and diminish their quality of life.

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By Andrew Mackinnon

This is what happens in the United Kingdom (UK) when the population of the UK increases as a result of the Government of the United Kingdom allowing non-white immigration into the UK:

> Demand for renting residential property (i.e. houses and apartments) increases, thereby causing rents for residential property to increase. Read more...

The purpose of non-white immigration into the United States of America is to cause financial hardship for white United States citizens and diminish their quality of life.

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By Andrew Mackinnon

This is what happens in the United States of America (USA) when the population of the USA increases as a result of the United States federal government allowing non-white immigration into the USA:

> Demand for renting residential property (i.e. houses and apartments) increases, thereby causing rents for residential property to increase. Read more...

The purpose of non-white immigration into Australia is to cause financial hardship for white Australian citizens and diminish their quality of life.

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By Andrew Mackinnon

This is what happens in Australia when the population of Australia increases as a result of the Australian federal government allowing non-white immigration into Australia:

> Demand for renting residential property (i.e. houses and apartments) increases, thereby causing rents for residential property to increase. Read more...

The Bank of England has admitted that commercial banks create money out of nothing when they lend at interest.

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By Andrew Mackinnon

The Bank of England came out in 2014 and admitted that privately-owned, commercial banks create money out of nothing when they lend to citizens, (non-citizens,) businesses and not-for-profit entities and impose an obligation on them to pay interest on this money created out of nothing:

bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy Read more...

Non-white immigration ultimately leads to a decrease in economic activity in Australia, not an increase in economic activity in Australia…

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By Andrew Mackinnon

Non-white immigration into Australia causes an increase in demand as non-white immigrants bring their existing wealth to Australia or borrow from the banks to increase their purchasing power and increase the money supply in Australia, since banks in Australia create money out of nothing when they lend.

This increase in demand and subsequent increase in the money supply in Australia causes inflation of the prices of assets (e.g. housing), goods and services. Read more...

There is no need for banks in Australia to charge interest on the money they create when they lend.

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By Andrew Mackinnon

Last updated: 1st July, 2022

When any bank in Australia lends for any purpose, it creates the money that it lends out of nothing and charges interest on it, which causes the size of the money supply in Australia to increase by the amount of principal loaned. Read more...

What do you get when the Australian Treasurer is a traitor?

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By Andrew Mackinnon

Q: What do you get when the Australian Treasurer, John Howard, for more than 5 years from 19th November, 1977 to 11th March, 1983, holds no qualifications in economics but holds a Bachelor of Law from the University of Sydney in New South Wales?

en.wikipedia.org/wiki/John_Howard Read more...