A peek inside the SA Reserve Bank

[Dave A]

The act currently provides for the election of seven independent directors by the shareholders. The amendments broaden the base from which to draw independent directors by enabling nominations to be made by the general public. The act also requires four directors with expertise in commerce and finance.

The amendments reduce the number of directors with expertise in commerce or finance to two and substitute the same with expertise in labour and mining.

Whitling away from the financial expertise requirements - I really don't think that's a good idea.

[irneb]

* Limit the scope of circumventing shareholder rules

The act currently limits shareholding to a maximum of 10 000 shares per shareholder. The amendments to the act seek to curb circumvention of this limit by introducing the concept of "associate" and "close relative" and extend the restriction to such associates and close relatives.

The purpose is to ensure that no shareholder can create a "bloc" of voting interests; thereby exerting influence that was clearly intended to be limited by setting a maximum number of shares that could be owned and voted on by any individual or institution.

Yeah right, they'll be able to police this worldwide! It's not very difficult to hide your identity / affiliations behind several layers of different countries' rules. I'd rather want to see this changed to disallowing shareholders who are not RSA citizens!

* Broaden the base for nomination of directors on the board

The act currently provides for the election of seven independent directors by the shareholders. The amendments broaden the base from which to draw independent directors by enabling nominations to be made by the general public. The act also requires four directors with expertise in commerce and finance.

The amendments reduce the number of directors with expertise in commerce or finance to two and substitute the same with expertise in labour and mining. The number of government appointed directors will be increased from three to four, taking the size of the board to 15.

Doesn't this actually contradict the previous? Or at least make it even more difficult to enforce? And why should the board be increased? Why not replace one of the privately appointed directors instead? And Dave's correct! Why lessen the expertise? It's like saying the board should become less able to perform its duties! Become less of a financial institution and more of a governmental hotch-potch of untrained & inexperienced leaders!

* Defining clear criteria for disqualification as director

The grounds for disqualification of serving directors provided for in the act are insufficient for corporate governance purposes. The amendments seek to extend the grounds to include un-rehabilitated insolvents, persons dismissed from positions of trust for misconduct, persons with criminal records and persons with mental and other incapacities.

The amendments provide for termination of directorship as a result of unexcused absenteeism, failure to disclose conflicts of interests, unlawful disclosure of confidential information and breach of duty.

This to me is the most enlightening (or rather en-"darkening") of all. A normal company's directors are already disqualified if they have been found insolvent or guilty of some type of fraud. Just shows how open to corruption the SARB was (and still is before this act)!

* Introduction of fit and proper requirements for directors

The lack of criteria for the appointment to the board could lead to the appointment of unsuitable directors adversely affecting the governance of the Bank and impairing independence. The amendments introduce fit and proper requirements based on an objective assessment commensurate with skills and experience.

The amendments further make it clear that directors owe their fiduciary duties and duties of care and skill to the bank. The amendments also introduce a screening process for the appointment of directors.

Scratch the previous, this is even worse! I.e. previously the director had no responsibility to the bank itself? WTF? Meaning he may do as he pleases, even if it's fraudulent!

What I'd like to know is what is meant by "fiduciary duty ... to the bank"? Is that "parental-like" responsibility to the aims of the SARB (i.e. to the country's economic welfare)? Or is it towards the shareholders - as defined in the company law where this same clause is aimed at the shareholders, rather than the company (as it's defined as 2 separate entities / groups). Or is this some sort of gray area - i.e a nothing clause, which sounds great, but does squat!

[Frankincense]

Big Brother



what to do?



it is alive!









Would you like to buy or sell? Welcome...you are free to do as we tell you.

[Frankincense]

Peek - a - Boo!!! ....but the veil remains....

http://www.sarb.cc/index.php?/categories/1-Shareholder

...as you may know by now....the "Illuminated" ones (founders) who own more than the 10 000 share cap only introduced in the early 2000's don't appear here on this "official register"........WTF!!!

666 for shizzle.....and some will sizzle.....

Genesis.....uuuhhhmmm......EXODUS!!!!!!







ALL of the organs of state are corporations privately owned (will provide links at the bottom of this post) and foreign corporations:

1. Parliament of South Africa
2. Republic of South Africa
3. Government of the Republic of South Africa
4. etc.

They are corporations masquerading as our “country” and our “government”. R.S.A’s “head office” is in Washington DC. Parliament and R.S.A are registered in NY. The SIC code for R.S.A is 8888 which according to an insider refers to a “Royal Corporation”.

The purpose of the structures on the outset may seem “legitimate” however the true intention is to create debt via a system that has been made plausible via legislation (otherwise it would be fraud). Its a dog and pony show with the aim of enriching international cartels via sophisticated debt mechanism. In a nut shell what happens is these companies take out massive international loans via these Cartels (that create this “money” out of thin air) and then make the people of the land work like slaves to pay this loan off via the fiat legal tender that the company R.S.A has legislated. One of the methods to generate these loans is to use organizations such as Eskom / Telkom / etc. to take out huge loans from the likes of the World Bank. The “Government” will take out loans as well as will SARB. Next the governments TAX the sh*t out of the people in order to re-pay these “loans”. This is how our energy leaves our communities never to return. Their police force (policy enforcement officers) are the stick they use to beat us into submission and the courts (another group of companies) is used to give us the false sense of security that there is justice.

I have nothing against TAX as I want to give back to my community. If I could have it my way I would give 100% of my labour to my community, anyway, only a ‘tiny’ percentage of TAX is going to make it back to where it is intended, the rest leaves our communities never to be seen again under the guise of paying off fraudulent debts that suffer from compound interest “that where taken out in our best interests…”.

Think of it this way, if this international money was valuable we would swap Gold (which we have in abundance) for all the loans we require thus eliminating the need to pay of interest. And once we where done with the “money” we would simply buy back the Gold with that “money”. No interest re=payments required no energy loss for our society and our Gold reserves neatly back in place. But of course that would not benefit the few with their myopic views and narrow minded bigoted attitudes who would rather destroy this world for their own good than see the people prosper.

Imagine we stop paying income tax because the definition of the “republic” in the act limits its jurisdiction to the corporation (you do not live in a corporation do you?)


Note – the name in your ID book / passport / Drivers license, is owned by R.S.A – that is why they can enforce company policy on you (since you mistakenly think the name is actually you... You have no obligation to play the role of the name. This will be our most powerful defense to tyranny...and once the buying and selling is clearly based on your name/number ....many will stop playing thier role... Thank God!!!!

I love this land, I love the people, and it hurts me when I see so much suffering and misery and hopelessness.

Here are those links to the above corporations:

R.S.A: http://www.sec.gov/cgi-bin/browse-ed...clude&count=40

R.S.A – Government: http://www.sec.gov/cgi-bin/browse-ed...ion=getcompany

DnB: https://smallbusiness.dnb.com/ePlatf...ome*gws*lookup

SIC 8888 Other Royal Corporations: http://www.sec.gov/cgi-bin/browse-ed...art=0&count=40



SA is dominated by 4 banks... ABSA is the government bank controlled by the UK/Barclays/Rothschilds... The lifeboats arranged by the SARB for ABSA were bigger then 5 Billion Rand... They got the money about 12 years ago... No penny is turned back, no interest is paid. In charge at this time, Deputy Governor of the SARB was Gill Marcus, later CEO of ABSA and today Governor of the SARB. Marcus, Mboweni, Stals, Gordhan, Manuel and Ramos blunder this country... It seemed necessary to ship more then 40 tons of Gold to London – SARB and ABSA arranged it some months ago ...

You are free to do as we tell you!

[tec0]

Ok, maybe I am just stupid... if all land, mines and “profitable businesses” are taken and privatized by our government for government, then basically all this becomes the property of " UK/Barclays/Rothschilds... " ???

[Frankincense]

...you're not stupid!

...most of the wealth in the earth in the end times is controlled by a few....and your deduction is logical to say the least, and is guaranteed.

√ Approved.

[msmoorad]

the info is out there on the nternet- what do people want?
Deborah Patta to explain it all on 3rd Degree?

[tec0]

the info is out there on the nternet- what do people want?
Deborah Patta to explain it all on 3rd Degree?

Information on its own is never enough. Why do people train to be doctors? With all the medical info on the net freely available still doesn’t make you a doctor. If you are not trained to understand the information that you are given then that information in its self becomes useless.

The truth is financial structures to a degree is simple enough, but then trough the use of math and wording the degree of difficulty increases dramatically. So yes a good explanation will be necessary to educate the masses. Spelling out the facts is exactly what is needed.

More so when it comes to the complicated laws that govern these systems. Remember that not all of us are educated enough to understand the “info”. I found that everything can be interpreted but interpreting something correctly requires understanding and skill.

Just remember confusion and misinterpretation was designed into the system.

[Dave A]

The purpose of the structures on the outset may seem “legitimate” however the true intention is to create debt via a system that has been made plausible via legislation (otherwise it would be fraud).

Create debt - or is the true intent to provide access to capital that can be applied to generate a return even greater than the interest? It's only a debt trap if you misapply the funds.

The way this government applies funds at times strengthens your argument

Maybe I stand a better chance picking on this one.

One of the methods to generate these loans is to use organizations such as Eskom / Telkom / etc. to take out huge loans from the likes of the World Bank. The “Government” will take out loans as well as will SARB.

Or we could live without more electricity until we scrape together the capital out of existing profits.

Begs the question - is the devil in temptation itself, or the human trait of turning opportunity into a liability?

[Frankincense]

Revelation Time.

Indemnity/Immunity Declaration: You may only read this if you accept the following "The purpose of this post is not to offend anyone or any specific religion or group of peoples. It's merely a proposed reflection of ancient history from an individuals perspective, and not of "The Forum SA's nor God's as His plan is to be fulfilled shortly."

...so as we continue to discuss our concerns of International Banking cartels which obviously have direct interests in Africa (SA) and dawning is the realisation by now that the prophesy of no buying and selling without the mark Revelation 13:16 "He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark" revolves around generic authenticated transactional banking...I thought to quiz my brothers in Finance here....and provide a possible answer

Backround: Many primitive forms of money were counted just like coins. Cowrie shells, obtained from some islands in the Indian Ocean, were a very widely used primitive form of money - in fact they were still in use in some parts of the world (such as Nigeria) within living memory. "So important a role did the cowrie play as money in ancient China that its pictograph was adopted in their written language for money." Thus it is not surprising that among the earliest countable metallic money or "coins" were "cowries" made of bronze or copper, in China.

...so....

What do

Pigs Feet...



Chinese Footbinding...



Pig Tails....

[Frankincense]

continuing till the end!

Piggy Banks....




High Heels....






all seem to have in common?



PIG Worship!!!!

....ok....so the cat's out the bag.....Banking is a dirty game that started long ago....At the dawn of creation when the Chinese migrated eastwards from the cradle, as did all humans, their primary food source was Boar/Pig...using it's hair for combs, fat for lighting lamps, flesh for sustanance, it naturally became an idol of worship. The 2 primary attributes of any martial art is "speed and ferocity". Bells ringing yet why they also make pig scream sounds when fighting? The Ancient chinese warriors would shave their entire head, but leave one pigtail mimicing the PIG, thier God(Just check out Shaolin Monks/Buddha/Tong Po) Why do you think the emperors had the womans feet bound to look like little pig trotters? Because they found that godly! According to legend the Pig was to be honoured as god and when entering a house, it was to be fed, and allowed it's will. The youth were encouraged to praise it and give tithes to it thus piggy banks, whilst the adults generally praised the Dragon. Even Buddah is always protrayed as FAT with one pigtail...as he resembled the PIG god.... more about this later should anyone have questions....you wont be able to find or verify this history with ease on the net ...but just thought to share this that i read many years ago....concerning banking...and benchmarking the "Yen"...which effects all others...

[Frankincense]

You are free to do as we tell you!


We however are free to do as we feel....for Tetragrammaton Saves!

[irneb]

Here's a "fun" adage: Part V - Interviewing Past Presidents

So ... at least in the US the reserve bank(s) were never a perpetual crony group of mass thievery. They were canceled each time the brown stuff hit the spinning blades.

Wish they'd just kill these current banks and start from a clean slate! Obviously after repossessing all those big-wig fraudsters (the owners of these banks) assets and giving everyone a tax holiday of (let's say 50 years?)

Now that would boost the economy untold. Not to mention create new jobs like crazy!

[Dave A]

Slagging is so easy. You know what I don't see in the middle of all the slagging?

Any form of solid proposal towards a genuinely viable alternative to do the job...

[tec0]

The truth is, it is very easy to say “they have the power” or “they control us”. I frankly couldn’t give a damn if “they pump me full of mind controlling medication”. Once you realise that you are not in control of destiny but destiny controls you then things get easier to accept.

Yes I can say things like: Money can be replaced by a recourse base society where we will work together to make things better. Our achievements will be our reward and our will to advance will be our drive.

So, if the money gods wish me to have a tattoo of a serial code on my face than I will get that tattoo and be done with it. In the end what does it matter? If my destiny holds greater things then my path will lead to greater things.