Central banks are designed to be “independent,” and they shroud themselves in secrecy. But they have formidable and, when it comes to money, “unlimited” powers that they harness for the benefit of their clientele, banks. And hiding behind their veil of secrecy are shenanigans that rarely seep to the surface, but when they do, they just get worse and worse. The latest is a sordid bribery and kickback scandal at the Reserve Bank of Australia that appeared to be neatly contained to two subsidiaries, until now.
Read the whole story….. Central Banks, The Veil Of Secrecy, A Hotbed of Corruption, And Now Another One Got Ensnared
The Reserve Bank of Australia (RBA) does not just have a veil of secrecy over their fiat currency printing entities they also very secretive about where they are holding their 79 tonnes of Gold Reserves.
I and some of my clients have been endeavouring to get any info on where the gold is stored over the last several months but the RBA has blocked us at every turn. We are not even asking for exact details either, we would have been happy with the answer “in Australia” or “in London and NY” but we can’t even get that.
My last attempt was last week after raising funds to mount a Freedom of Information request (FOI) I was again rebuffed. Read here: http://ausbullion.blogspot.com.au/2012/08/rba-has-foi-pf-key.html
Of course none of Australia’s political parties are interested in this discovery request. I have reached out to the Liberals (eqiv. of Republicians) and Labor (eqiv. of Democrats) and to the left with the Greens and the right in the form of the Shooters & Fishers, Christian democrats and a few right wing notables and not one of them is interested or even wants to understand the issue. I was particularly disappointed in the Left’s response as one of their own Hugo Chavez discovered where his country’s gold was held and then bought it back home to Venezula.
Previous failed attempts to get disclosure from the RBA:
http://ausbullion.blogspot.com.au/2012/06/pf-keys-still-in-working-order-at-rba.html
http://ausbullion.blogspot.com.au/2012/04/where-is-australias-gold-update.html
http://ausbullion.blogspot.com.au/2012/04/where-is-australias-gold.html
Hugo has been a shining example in the gold and silver world.
http://davidmorganblog.blogspot.ca/