By Andrew Mackinnon

Last updated: 21st October, 2023

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

However, the official logo of the Reserve Bank of Australia below is an allusion to the Jewish (i.e. Edomitish) hexagram which appears on the flag of the modern-day State of Israel and which is a primary symbol of the Rothschilds-led synagogue of Satan.

rba.gov.au

en.wikipedia.org/wiki/Israel#/media/File:Flag_of_Israel.svg

The true purpose of the Reserve Bank of Australia is to maximise the interest revenues and profits that privately owned banks in Australia earn as a result of the interest they fraudulently charge on the money they create out of nothing when they lend.

Source:

white-alliance.blog/the-bank-of-england-has-admitted-that-commercial-banks-create-money-out-of-nothing-when-they-lend-at-interest/

The stated reason for the Reserve Bank of Australia raising interest rates is to discourage Australian citizens, (non-citizens of Australia,) Australian businesses and Australian not-for-profit entities from borrowing money from the banks in Australia, such as the Commonwealth Bank, Westpac, National Australia Bank (NAB) and the Australia and New Zealand Banking Group Limited (ANZ), since banks create money when they lend and thereby increase the size of the money supply in Australia, which causes the prices of goods, services and assets to increase, being inflation.

However, when the Reserve Bank of Australia raises interest rates, it unnecessarily includes interest rates on existing loans, thereby providing privately owned banks in Australia with greater interest revenues and greater profits, which is the true purpose of the Reserve Bank of Australia in conflict with its official purpose.

Predictably, there is no need for the Reserve Bank of Australia to raise interest rates in order to discourage Australian citizens, (non-citizens of Australia,) Australian businesses and Australian not-for-profit entities from borrowing money from the banks in Australia and thereby reduce the size of the money supply in Australia, since money is destroyed when Australian citizens, (non-citizens of Australia,) Australian businesses and Australian not-for-profit entities continue to repay principal they owe to the banks in Australia.

The Reserve Bank of Australia need only direct the banks in Australia to lend Australian citizens, (non-citizens of Australia,) Australian businesses and Australian not-for-profit entities less money as lower multiples of their respective incomes, profits and operating surpluses, in order to reduce the size of the money supply in Australia, since money is destroyed when Australian citizens, (non-citizens of Australia,) Australian businesses and Australian not-for-profit entities continue to repay principal they owe to the banks in Australia.