QUESTIONS TO BE ANSWERED WITHIN SEVEN DAYS OF THIS MEMORANDUM 1) Who are the owners of SARB – please provide a full list of names of ALL owners and shareholders and their respective shareholding in the company. The South African people have a right to know who the people are behind making all the financial decisions behind their backs. 2) What is the relationship between SARB, the FEDERAL RESERVE BANK of the USA, the BANK OF ENGLAND, and the INTERNATIONAL BANK OF SETTLEMENTS? 3) Are there any common shareholders in these three corporations? If so please list them. 4) What is the average total monthly payment made by SARB to the gold mines and all other precious metals mines? 5) As a private corporation, where does SARB get the money to pay for all the gold and other precious metals that it takes under its care on a regular basis from the many mines in South Africa? 6) Why does the printed money by SARB no longer state “I promise to pay the bearer on demand”? 7) As it stands, the ZAR money notes printed by SARB are worthless pieces of paper, that only remain in circulation because the people have no other option. Confirm of deny. 8) Explain why the ZAR money printed by SARB has any value at all? 9) How does SARB make the final decision to print money? 10) Who is responsible for making this decision? 11) Explain how Fractional Reserve Lending works and how banks are allowed to create money out of thin air. 12) Explain how the Matching Principal of debit / credit instrument swopping is used by SA banks to create loans out of thin air. 13) Explain what Seigniorage is and how it works. 14) How much was paid to the SA Government in 2012 in the form of Seigniorage? 15) Where in SARB’s financials, and the SA government’s financials is this money recorded and reflected for the people to see? 16) Why is the public precluded for participating in monetary policy? 17) Why is the public precluded from lodging complaints against Banks with SARB? 18) Should a bank fail, does SARB have sufficient capital to bail-out or rescue a bank? 19) If so, explain how and why? 20) Should a bank fail, does SARB have sufficient money to pay back the clients of such banks? Explain. 21) If there is no such guarantees by SARB, what other safeguard is there available to the clients if a bank should fail? 22) The SARB stands as guardian to oversee the Banks, why has it failed to address securitisation in terms of the provision of the Constitution 1996, transparency and freedom to access of information? 23) Why should the consumer be contributing to their banks – e.g. deposit fees, accounts fees and transactions fees, if the banks benefits from these transactions? 24) Is SARB prepared to convert and become a PEOPLE’S BANK and print interest free money for the people by the people? If not, why not? If YES, when and how? 25) State any reasons why the people of South Africa should continue supporting your private corporation called SARB instead of creating their own PEOPLE’S BANK to create money for the people, by the people? Please note that your responses, or lack of response, will be used as evidence in all future legal action against the banks which already include charges of criminal activity against the management and directors of a specific bank.
Posted on: Mon, 12 Aug 2013 14:36:49 +0000
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