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Two Ten-bob Notes to a Pound

35
Bill Slim, “the Greatest Gurkha General”

J.G.Olsen / Financial Expositor

The British pound was, of course, originally equivalent to a pound of silver, today priced somewhere around $500. A pound today would hardly buy you a handful of anything. In 1966, two dollars were exchanged for every Australian pound.

After the massively excessive dollar creation of the last few years, Australian dollars have rapidly lost value, particularly against the benchmark of oil. We are told by honest finance journalists that a rule of thumb is that one cent devaluation of the dollar leads to one cent increase in petrol price.

This rule of thumb calculation gives the lie to the Reserve Bank of Australia’s claims that they are “fighting” or “taming” inflation. In fact what they are doing is adjusting our lifestyle expectations from moderately affluent to moderately frugal. The way they do this, by raising the overnight cash rate, is to authorise the commercial banks to charge more interest on their commercially generated, legally counterfeited money, which they call debt. This of course is extremely beneficial to the banks, who build a larger customer base during times of lower interest, then reap the profits during times of high interest. We pay them real money, acquired through the sale of labour, commodities etc., and they write off the fake money debt. Some of the interest goes toward system costs, while much of it goes toward profit.

The RBA board connection to the commercial banks is closer than its connection to government, obviously there are revolving doors between these various businesses and agencies, through which key employees migrate in their various career moves.

In fact the RBA is no friend of the government, they are more like a drug dealer, handing the government more and more of an addictive substance, in the form of loans. In recent times the government has borrowed, from whatever sources, around $200 billion per year. Such is our very curious financial system.

In Australia, the Reserve Bank was created out of the people’s bank, the Commonwealth Bank of Australia, in 1960.

https://www.rba.gov.au/education/resources/explainers/origins-of-the-reserve-bank-of-australia.html

The Governor General throughout the implementation period was the highly decorated Viscount WIlliam Slim, who left office two weeks after the CBA – RBA split In January 1960, but it’s noted that he had already returned home to England at some point the year before.

Direct from Wikipedia:

“On 10 December 1952 Slim was made a Knight Grand Cross of the Order of St Michael and St George (GCMG) on his appointment as Governor-General of Australia which post he took up on 8 May 1953. On 2 January 1953, he was appointed a Knight of the Order of St. John (KStJ). Slim was a popular choice for Governor-General since he was an authentic war hero who had fought alongside Australians at Gallipoli and in the Middle East. In 1954 he was able to welcome Queen Elizabeth II on the first visit by a reigning monarch to Australia. For his services to the Queen during the tour, he was appointed a Knight Grand Cross of the Royal Victorian Order (GCVO) on 27 April 1954. Liberal leader Robert Menzies held office throughout Slim’s time in Australia. His Official Secretary throughout his term was Murray Tyrrell.

“In 1959, Slim retired and returned to Britain, where he published his memoirs, Unofficial History. He had already published his personal narrative of the Burma Campaign, Defeat into Victory, in 1956, which has never been out of print, and in which he candidly talked about his mistakes and the lessons he learned. On 24 April 1959, he was appointed a Knight Companion of the Order of the Garter (KG). On 15 July 1960, he was created “Viscount Slim of Yarralumla in the Capital Territory of Australia and of Bishopston in the City and County of Bristol”. After a successful further career on the boards of major UK companies, he was appointed Constable and Governor of Windsor Castle on 18 June 1964. He died in London on 14 December 1970, aged 79 and was given a full military funeral at St. George’s Chapel, Windsor and was afterwards cremated.

“During his tenure as Governor-General of Australia, Slim was patron of the Fairbridge Farm school child migration to Australia. Forty-seven years later, in 2007, and thirty-seven years after Slim’s death, three former child migrants alleged Slim sexually assaulted them during visits to Fairbridge Farm. The allegations were dismissed at the time both by those who had served under Slim in the army and by his son. The allegations were aired again on ABC television in the programme The Long Journey Home, broadcast on 17 November 2009. On 27 February 2017, the ABC again aired allegations against Slim and Fairbridge Farm.

“Somehow or another, I was sat on his [Slim’s] knee and, ah, um, these silky white hands were right up, because I was wearing shorts, right up my trousers and yeah, it was not, not very nice”.

— Robert Stephens’ claims of a drive in Governor-General Slim’s car, 2017”.

His Secretary, the highly decorated Sir Murray Tyrrell, is only recorded as having been the creator of the Australian Conservation Foundation. As many of us are aware the late Prince Philip was instrumental in creating the World Wildlife Fund, which attempts to preserve species for big game hunting and also in preparation for the New World Order, presently underway.

One must question the motives of the British Establishment in handing over the management of the Australian money creation enterprise, effectively to the Bank of International Settlements in Switzerland. The most obvious conclusion would be that significant elements of the British Establishment had become shareholders in the Swiss-based enterprises and were now transferring their assets, in preparation for Globalism and ultimately CBDCs. Other elements of the British Establishment seem to have resisted this movement more recently via “Brexit”.

So here we are in 2023 with the Reserve Bank of Australia printing money as fast as they can, driving prices skyward, and telling us it’s all our fault. Apparently, we have overspent on submarines, injectables, other enforced health cures that don’t work, corrupt state media, public servants and other failed and unwanted government initiatives (referendum cost estimates alone are around $450 million). Of course the “failure” of the referendum is our fault too, we were basically evil, and abusers of democracy and free speech, both of which will need to be curtailed.

The reality is that despite the stream of lies, everything the RBA and government does, increases inflation. Higher interest rates flow on to business costs, rents and wage demands. Government handouts consolidate the higher rents. Accordingly, the tax take increases and even this obviously pushes prices up. What we have is a forceful devaluation of the dollar, initially by over-printing but followed up with this intensive consolidation period, where we all accept (and some even have a vested interest in) the depreciation of the currencies, when measured against the most fundamental infrastructure: housing, incomes, energy. By the end of this consolidation period we will have accepted that a 2019 dollar is now 50 cents in terms of purchasing power, and 2019 wages of a dollar are now around 80 cents. We have been subscribed to state debt and shifted onto a reduced pay rate. If we don’t agree to work more for less, we will be replaced, whether by imports or imported new citizens.

The previous RBA governor will no doubt be well rewarded for his famous claim that interest rates would not go up until 2024. This claim saved the banks from a huge number of fixed interest loans being taken up. It was a claim that had nothing to do with providing good advice to the public. It was made entirely to insure the commercial banks against losses, and convert these potential losses to profits. Hence he was provided with an ungracious exit while the main game continues to be played by his understudy and successor. The interest rates are in fact tied, however loosely, to the US bond rates, and the RBA spokespersons are simply there to provide tight-lipped excuses and the usual disinformation such as “shooting ammunition at inflation” and any other nonsense they can come up with.

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35 COMMENTS

    • ‘Men’s jewelry’ or ‘fruit cocktail’ – the relationship of the size and ostentatious of the jewelry is the inverse of the size of the granting body. – Thus, the smaller the country, the larger and prettier the medals.

      • in net income not GDP

        Bill reminded me of an Indian station master,and does not look like he has used the English Longsword for much gherkin harvesting, maybe he replaced his trusty Kukri and the sword just a cheap Hong Kong knock-off

        • Forget “The Great Train Robbery”
          Bill achieved something a million times more spectacular and never even needed to run and hide in Brazil.

          • At 2:00 a pathetic scene from Old Melbourne Gaol

            OMG went out of business after this unfortunately

          • the ‘ol inside the tower of London trick, Ned was knight, so got away by nite. Jagger gets away nite and day, like Savale.

            Justice must be seen to be done, Outside the tower,well that’s for fun, and crowd control. Vanguard leads the way.
            Such is life and quite the royal performance. Its a big club and you ain’t in it, if you don’t know, or can not get satisfaction like a Faithful Maryanne.
            I won’t link it, Joe, I’m riding in my car


            The coffin held high for the inside, and low for the insiders on the outside.
            Stella performance, no crude moon landing, Tom Hanks fixed that, like a DiCaprio feature or one off Jagger, for the glitches.

  2. On the 14th of February 1966 when everything went metric, everything also got smaller and moneys value depreciated. It brings the story of Alice in Wonderland to mind.

    Money – Mon eye is depicted on the US 1 dollar note in the form of Horus atop the Egyptian pyramid mentioned in the Bible –

    Acts 4:11-13 NIV – Jesus is “‘the stone you builders – Bible Gateway

    https://www.biblegateway.com/passage/?search=Acts 4:11-13&version=NIV

    Acts 4:11-13. 11 Jesus is. “‘the stone you builders rejected, which has become the cornerstone.’[ a] 12 Salvation is found in no one else, for there is no other name under heaven given to mankind by which we must be saved.”. 13 When they saw the courage of Peter and John and realized that they were unschooled, ordinary men, they were …

  3. Anyone who has a thinking brain must surely now realize, that ALL Australian governments, bureaucracies and agencies, are the enemy of We the People.

      • Yes Ned, you are correct, but we Aussies have to take care of business in own backyard first.

        I see the Senate have voted in favor of an empowered – leave no one out – Royal Commission into government response to the plandemic.

        This will be the chink in ‘their’ armor that will snowball into ‘their’ eventual demise. I would imagine right now, that many of the Cabal/Deep State players are in panic mode.

        • Swab YGL graduate Sarah Hanson Young will be livid having voted against it earlier, here are the traitors and also the trueblues which I’m pleased to see includes Michalea Cash
          https://cairnsnews.org/2023/05/26/deaths-of-suspected-30000-mrna-vaxx-victims-will-not-be-investigated-by-a-senate-inquiry/
          This complete list of traitors must never be forgotten, includes also Pocock woman, superstar Katy Gallagher who was minister for nearly everything for a few days at change of government. Also a good bunch of ALP and Greens, voting for lethal injection.

          Malcolm Robert’s motion:

          One Nation proposed a motion to recognise the paramount importance of having a fully empowered Royal Commission delve into the government’s handling of COVID-19. The core of this motion was to establish an inquiry that would set the appropriate terms of reference for such a COVID-19 Royal Commission. Their task? To ensure every voice, every stakeholder, and every person affected by the pandemic decisions, gets a chance to be heard. The committee is to report back by 31 March 2024.
          We’re thrilled to announce that this motion has successfully passed the Australian Senate just a few hours ago! 🎉
          The motion read:
          To move—That, noting that a fully empowered Royal Commission with appropriate terms of reference is necessary to learn from the unprecedented government response to COVID-19, the following matter be referred to the Legal and Constitutional Affairs References committee for inquiry and report by 31 March 2024:
          The appropriate terms of reference for a COVID-19 Royal Commission that would allow all affected stakeholders to be heard.

  4. Here is this excellent lady, Traci, whom I referred to under yesterday’s article on Hawaii web host. Just start at 8 mins to see how Youtube de-monetized her.

    All she’s been doing is reporting the facts, no wild accusations. We have to stop putting up with this.

    By the way I am now getting harassment phone calls about 15 times per day. and they are all from towns in New Hampshire.

  5. The kitco gold and silver ratio chart is presently 83.60 -85.60 ozs silver to an oz of gold. (US)
    Gold is a few cents short of $A3,100.00. Per ABC bullion.
    Gold has swung up about 150.00 in the last few weeks.
    So for 2 x 10 bobs for a pound!
    ABC presently selling I kg gold cast bar for $100,509.20. (nice premium!)
    Oh well, we peasants have to be happy with pre WW11 threepences, a garden of tomato’s and a handful of Crowns.

    • State constitutions state debt “to them” must be of gold or silver.

      One 1 once gold coin Aud has a face value of $100. At some point long ago, there was not enough gold to back the paper. Screw the constitution. the bar association has got our backs. Separate the powers and you can play shell games all day long and the rubes will even demand it.

      Try and get a copper 1c or 2c coin since inflation outstripped the metal price.

      Coins are the go but treasury has always had other outstripping ways. A hero in the Lenin sense was Maynard Keynes, 1st Baron Keynes. All the communists still raving about him but with almost nothing and will run to the bank. Luckily a few happy are still scamming the place ” ignorance is bliss”

  6. we are the war heroes, think you will get a loan with no repayment schedule.

    ‘ol nibs was Monashed. So we all are losers. (I fight anothers fake war to lose, ergo a hero because I paid for it)

    The corps then and now were a little different.
    The new boss wanted corporation and the abc could only agree.
    But its always good to know what dangerous scumbags think of the chattel.

    https://www.abc.net.au/news/2023-10-19/when-is-the-tax-return-deadline-how-to-pay-a-tax-debt/102981974

    all that work and they mainly hold the coin, but give a “deadline” to their customers while holding and acting like a bank.
    They are the corpes, yet treat US(caps) living like scum. Because they get away with it, really everyone should get a gold coin, not forced unwarranted financial abuse like a blackbird or a indentured slave. We were barely tolerated, and less daily.

    If you have a close look at the old queen and her loving virus, they were just animated dead, the whole time. Long live the king, the king is dead. Why they don’t care for us, but care for what we can bring to their rancid table.

  7. Charlie Ward has a warning video regarding all those ‘migrants’ of military age flooding into the UK and what is obviously coming via the U.N.

    cwbit.uk

  8. OT
    https://www.abc.net.au/news/2023-10-19/australians-urged-not-to-travel-to-lebanon/102998474

    “The advice warns terrorist attacks could occur anytime and anywhere, including in Beirut,”

    careful abc the intelligence agencies can get to you 7 ways till Sunday, how dare you accuse Israel and US of terrorism that’s allies, so oz can dig up Bill Slim, they are hero’s fighting for a piece. And they have the Moses contract, so bal into your flour all you want, for there is soon, no pal of stein

    Guess no one will notice except dfat ones, who will still storm the empty beaches once the danger is cleared. Those beaches were so nice, and now friends of Swab will ruin the view. Perfect one day, hideous the next, and no shots round the fire till then Prost!

    takes me back to my schooling, what happens when Atlas Shrugged, those weapons in the library must be somewhere, if they can find real estate contracts from 1271 BCE.
    i’m mad, but some play sedoco, but i’ll wait for ze doco. Talk in riddles will be required learning soon enough, to avoid reeducation

  9. All central banks are owned or controlled by the Rothschilds so we are on the same system as the US, let the good times roll (printing presses). But there is hope on the horizon,their game is nearly up, 2 major banks will collapse in the US, Bank of America, Wells Fargo then others to follow, the derivatives are going to bite them in the arse, 100’s if not 1000’s of Trillions. US Treasury Bonds are no longer being accepted as payment for imports, and are being dumped and the UAE is the repository, gold as we know is being suppressed so as to get the Rothschilds out out of the hole they dug, they’re having fire sales of their assets. The BIS plan is to buy as much gold at this suppressed price, around 10,000 tons, then raise the price, it needs to be $10,000 an oz.Gold, Silver and some Cryptos will be a hedge, best make plans, it could be rough ride.

  11. Can’t help but wonder what motivated the ABC & Wikipedia to acknowledge that a pillar of Aus society was a child molester

    I can only conclude that someone must have figured out a way to tweak the reigning dynamic

    I’ve learnt a few tricks over the years but I’ve still got a
    l o n g
    way to go

  13. So the ten pound pom Billy Slim of the Garter’s missus, Eileen, was a Dame of Grace, Most Venerable Order of the Hospital of St. John of Jerusalem prior to being made Vicountess Slim by marriage.
    The empire wasn’t taking any chances of Australia going off scrip.
    With the Marxist/Fabian bank in place all that was needed to finish off the land girt by see were a couple of fairdinkum stooges. Welcome Cowboy Bob Menzies and his monopoly money and Sideshow Bob Hawke, the fabian, with his capital inadequacy ratios. Ably assisted by an assortment of toadying carnies: Howard, Keating, Abbott et al.

  14. If you want to know the about the RBA and the precedent Commonwealth Bank of Australia, then it is worth reading a small ebook titled “The Story of the Commonwealth Bank” by Amos.

    The Commonwealth Bank of Australia was a Parliamentary bank created in 1912 when the Parliament granted 10,000 Pounds in constitutional lawful money to Denison Miller to start a “people’s bank”.

    The bank began using Post Offices as branches, which is why Christine Holgate had to go.

    It financed Australia’s WW1 effort to the value of 350M Pounds and at the end of the war, wrote off that principal and charged the Government 10M Pounds interest/service fee, because in DM’s words, “there is no point in the Australian people paying back the Australian people.”

    That changed in 1923 and shortly after Denison Miller died suddenly and under suspicious circumstances.

    To bring Australia under the financial emergency that all the other western nations were suffering due to the carryover debt of the First World War, the UK assigned Australia a proportion of its debt which it could given that Australia was still a colony, and with the Bank emasculated, Australia also went into receivership as did the rest of the western world.

    The RBA is an administrative agency of the bankruptcy, is owned by offshore interests, and serves the creditors.

    The original de jure Commonwealth of Australia still exists but very few people have elected to be domiciled in it, with everyone else having elected to present as sureties and trustees within the de facto legal jurisdiction having an Australian Government and using legal tender.

    That a pederast oversaw the final structural crossover is only logical given that the consequence was to shaft the naive and ignorant Australian people.

    • Excellent contributions, and I can add the footnote that Christine Holgate was later claimed by no less than ChatGPT to have been sacked for embezzling ☹

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