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UCG Oceania News Media-release: 6.2.3.4 *
Dismiss Australian Reserve Bank Board!
The Australian Reserve Bank raised consecutively interest rates 12 times.
This qualifies them as world leaders in incompetence.
Cheerfully they admit to be incompetent & clueless.
Honourable people would act on their limitations and resign.
This does not apply to the Australian Reserve Bank Board.
Australian PM Rudd needs to dismiss all members of the Australian Reserve Bank Board & Payments System Board ( they are as hapless as the ARBB).
The implied duties of both Boards should be in-line with Government goals & aspirations. Therefore both Boards need to cease to exist & become part of Treasury & be supervised by Public-Administrators (Government payroll).
Implied Duties:
1. Welfare of all sections of the people that need it
2. Maintaining full employment
3. Contribute to the overall stability of the financial system
4. Punish Selfish Greed & Profiteering (Rehabilitation)
5. Support Not-for-profit community owned & run enterprises (N.F.P.C.O.R.E.)
6. Support Local-Government owned & run not-for-profit financial enterprises.
7. Stability of Currency
Background:
Reserve Banks like Australia's are a result of Governments shunning their responsibilities & handing over control of the financial system to the Selfish Greedy Profiteers.
Then the aim of the Reserve Bank becomes exploiting workers & people on welfare. Increasing profits & corruption by Selfish Greedy Profiteers.
The majority of the members of the Australian Reserve Bank Board Universe Custodian Guardiansre representing the Corrupt Selfish Greedy Profiteers a minority holding the majority of Australians to Ransom.
Universe Custodian Guardians do not support Reserve Banks. All Reserve Banks need to be absorbed by Treasuries.

END

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