The Astounding Profit Australian Banks Make In New Zealand Every Hour & Debt Scam Disclosure March 31 2019 | From: Newshub / FinalWakeUpCall / Various

http://www.wakeupkiwi.com/news-articles-65.shtml#Banks

Australian banks are making $580,000 in New Zealand every hour, money a former Kiwi banker says should be staying in the country.



Sam Stubbs created a tool to show Australian Banks' profits. Credits: The AM Show

Sam Stubbs joined The AM Show on Wednesday after developing a tool to track the profits of the four Australian banks operating here - ANZ, ASB, BNZ and Westpac.

Related: Sam Stubbs calls for financial services sector to answer 25 questions

The Aussie Bank Profit Clock calculates the profits made since the beginning of January 2019 and in just over two months, it is currently sitting at a healthy $905 million, after tax.

Mr Stubbs says Australian banks may be using New Zealand to subsidise problems they're facing in Australia.


"We're very concerned that we're paying for their losses. We saw in the latest ASB profit announcement that profits in New Zealand were up six percent, but they were down six percent in Australia."

He said New Zealand has consistently been a huge source of profit for Australian banks, their highest source on a per capita basis.





Related: Australian Banking Scandal: New Zealand Regulator In talks With Financial Firms


"While lending has gone up marginally, profit seems to be going up even more, the margin seems to be going up more, the four Aussie-owned banks here closed a combined 25 branches last year, they keep on squeezing the costs, they keep on squeezing the lemon."

"The problem is these profits account for 2.5 percent of GDP here versus 2 percent of GDP in Australia."

Mr Stubbs says there is an easy way to keep the money in New Zealand, and that is by switching banks.


"Vote with your chequebook. You can switch KiwiSaver and your bank account so much faster than you used to. I just moved all of my accounts from BNZ to Kiwibank and it was extremely quick."

"You can send a message that this is not good enough."



Related Articles:

Australian banks could face prosecution, damning report by Royal Commission shows

Australian banks 'sucking' New Zealand's wealth, expert claims

'It's out of order': Australia banking shakeup a warning for New Zealand





Debt Scam Disclosure

Banks can never go broke, they control the World.nTheir Financial secret is founded on fraudulent accounting.



The secret of money creation lies in not accounting for it. There is no National Debt without the same amount in National Credit.

Related: Who Owns New Zealand's Banks - And Australia's Banks - Anyone's Banks?

By design, every government runs on debt money, accumulating more debt every day, which is termed “National Debt”.

This debt is composed of Promissory Notes, I.O.U.’s, or legal tender, commonly known as fiat money. All these movements are fraudulently administrated in the criminal government bookkeeping systems.

For example; When someone pays you with a debt note or certificate, which is synonymous with today’s fiat money, and you accept this debt as payment, then a credit is created for this person and a debt is accrued for you.

You never get paid for anything until you “pass this liability on” to someone else, by using this fiat debt instrument as a means to receive something of real intrinsic value in return.



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Think about it in another way; every time debt is created, credit of an equal amount is created as well.

Because mathematically, debt and credit should always cancel each other out. There cannot be e.g. 20 Trillion dollars of “National Debt” created, without the existence of an equal 20 Trillion of “National Credit”.

Governments on the whole, have been very careful and diligent and have accrued no equal debts, so that 20 Trillion-dollars in National Credit, and in actual fact it is a great deal more than that, has been accrued on the people’s side of the ledger.



Related: Why The Whole Banking System Is A Scam - Godfrey Bloom MEP

It’s time to start with accurate bookkeeping, zeroing out the “National Debt” against the “National Credit”. It should be a routine process akin to balancing a check book, but instead, it has been morphed into an excuse for fraud and theft on an unimaginable scale.

Governments have been very reckless. They have borrowed and borrowed and avoided paying their debts, by squandering money like drunken sailors for decades, and in the process, they have accrued Trillions in National Debt for themselves.

It is time that we the people wake up and begin to send home the majority of members of Parliament and Congress in dishonour, holding them responsible for their gross lack of oversight, accountability, honesty, and competence.

Most of these politicians have no idea how the government is supposed to work, or how to act within the framework in which they should have operated.

They have no clear knowledge of how the government’s bookkeeping and accounting system is supposed to work, apart from knowing how to “appropriate” money for every unauthorised and questionable purpose, they haven’t the faintest idea where the so-called money comes from, how it is created, or anything else about it.



Related: Overseas Banking Villains Suck New Zealanders’ Wealth Offshore

Think about it, Parliament or Congress, has the singular task of holding the purse-strings, which they have unmistakably failed to do.

Keep in mind; The principal weapon of the Deep State is money and blackmail, and that makes it vital to end all Rothschild-owned central banks.

The City of London, which is the main source of the Deep State’s funding, is, via Brexit, to be handed over to the Earth Alliance, once the ‘No-deal Brexit’ has become fact probably on the 29th of March next.


Phantom Money Rigs the Markets and Creates Debt Enslavement

Knowing this, it should be better understood how the market manipulation functions, especially with respect to gold and silver prices. – The banks bet with large amounts of phantom money to lower silver and gold prices, and should they lose the bets, they only lose fake money but no money of value out of the bank’s vaults.



Related: The Secretive Bank Of England - Controlling The World's Money Suppl...

They don’t bet to gain money, it’s to rig market pricing. Equally, they buy stocks for the sole purpose of illustrating the excellent performance of the asset markets, to falsely validate the strong performance of the economy.

Be assured that most of the natural resources like oil and copper, etc. are rigged in the same manner. The banks’ investment scope is manipulation, and the promotion of insider trading with their friends to profit from this knowledge.

Banksters in the banking cartel are seldom fined and never sent to jail, which of course is absurd. Knowing that the banking cartel controls governments won’t come as a surprise then.

If the GAAP accounting principles were applied, entailing the registering of all newly created money that isn’t accounted for in their books, most of the world would be out of debt.

Now every reader may understand why we the people are debt-slaves, the usurped power of money creation is intentionally producing enslavement.


Banks Never Can Go Broke, They Control the World

The accounting measures of the Banks is a far cry from reality; it doesn’t account for the  money created. With the banking reserve system legislation, no bank can lose money. In spite of this, they continuously tell the public that the banks are in trouble.

This is criminally ridiculous.



Related: The Khazarian Bankster Cult That Hijacked The World & Worthless Pieces Of Paper - Interest On Fake Money Is Confiscating Your Freedom

It has nothing to do with reality, but has everything to do with their agenda for the total enslavement of the people.

It is the banking cartel families, the Rothschilds, Rockefellers, Morgans, Warburgs and others that are responsible and in control of almost every central bank, and the Too Big to Fail – TBTF-banks in the world.

The whole banking system operates on the Rothschild money creation trick to entrap and enslave the world by selling lies about their insolvency. Marco Saba, the President of the Italian Institute of Superior Studies on Economic & Monetary Sovereignty, correctly asks:

 “How can a bank that is allowed to create money out of thin air ever be insolvent?

The secret of how money is created needs to be revealed to the public in its entirety. The power of money creation has made the Banksters more powerful than any nation on Earth.

In fact, the international Banksters which comprise the World Bank, IMF, BIS and all central banks, including the Federal Reserve are the shadow government that controls almost all nation states across the globe.

Now this fraudulent accounting crime is coming to light, the best thing every reader can do is to share this knowledge with all their contacts.

If many more learn about this swindle, it will be stopped sooner
.



Related: The Bankers’ Scam - The Power Of Money: Beat The Bankers Through Debt Termination & Commonwealth Bank Of Australia: One Of The Largest Banks In The World Just Accused Of Laundering Millions For Drug Cartels


The Core Banking Secret, Is Founded on Fraudulent Accounting

The monetary system was created to be top-down corrupt. Worst of all, it was founded on the basis of fraudulent accounting practices; with the acquired power of money creation, a bank never can go broke.

They just create all the money they need, but don’t book it in their ledger. In other words, this money isn’t accounted for in their cash flow account. They have the power to create money out of thin air and lend it out against interest; i.e.: usury.

But what is widely unknown, is that the granted loan is also not booked! Consequently, they have no debt coupled to their power of money creation.

Banks cannot go broke! Therefore, loans that are not or only partially repaid are never a loss to the bank. – Every tiny bit of the loan plus interest that has been repaid, is a one hundred percent profit for the bank!

When for example €100 is created and lent out and not accounted for in the ledger, if only €20 is returned, the bank already has a profit of €20, because the remaining €80 of this phantom money laundered into existence was never booked as a claim on debt, which is why there can never be a loss!



Related: Governments Are Corporations & The Gold Standard Will Break Up The Banking Cartel

This is why the repayment of € 20 is pure profit for the bank. This exactly is the crux of the great banking secret, it is deliberately centred on fraudulent accounting, giving the banking industry immense power, in combination with the creation of phantom money.


Their Secret of Money Creation Lies in Not Accounting for it

The real secret of money creation lies in it not being accounted for. In other words, freshly created money is not administered in the ledger.

Therefore, a bank without debt claims on its balance sheet, and equipped with the power of money creation can never go bust, there is always sufficient money available to stop any gap, hence financial banking troubles don’t exist.

The reality is that money is created out of nothing at no cost the moment it is lent out. This money is intentionally never entered in the bank’s bookkeeping!

Banksters are scandalously deceitful about money creation. They know full well, as does everybody else, that once money is created, it must be entered into their ledger, which will show up on their balance sheet!

When professional questions are asked about this procedure, they never dare to answer. All is kept in secret; meanwhile the masses are becoming aware of money creation out of nothing, money that by no means whatsoever comes out of the bank’s vault.

But nobody, or at least very few know about the corresponding accounting hoax.



Related: A Central Banker’s Plan For Your Money

For example, when a mortgage is in arrears, not only is the property confiscated by the bank, but the repaid part of that loan, plus the property itself are a one hundred percent profit for the bank, while the ‘debtor’ remains liable for the unpaid part of the loan until the property is auctioned off, and if a discrepancy results between the unpaid loan and the selling price, the debtor is still liable for its repayment.

This horrendous swindle provides the Deep State the power to buy and manipulate everything and everyone on earth, including governments
.


Clarification of the Banks’ Accounting Scam

Generally, it is not known that the bank’s accounting system is a scam; new money is not recorded in their cash flow, while they do record the expenses when defaults occur, but not accounting for the creation of assets is what makes the bank’s accounting system an intolerable scam.

Worse still, they tell the public about their imminent bankruptcies, which can never happen, but that is said to extract even more money from the National coffers, as was seen for example with the Too Big to Fail Banks in 2008 and the financial crisis in Cyprus in 2013, when trillions worth of taxpayers’ money were injected!



Related: Banks Are Stealing Our Future? How To Put An End?

Learn by heart; Central Banks and commercial banks can never go bankrupt because of the money created out of thin air, that should be recorded in their cash accounts. Banks can maintain this practice because they are beholden to no one, perhaps only to the Rothschilds.

Like in every other business, they should apply the GAAP i.e. Generally Accepted Accounting Practice rules, but these are deliberately not honoured. Even their external, certified public auditors like the KPMG, Price Waterhouse, Lloyds, etc. certify their accounts at their demand, while knowing full well that these GAAP rules are not met!

Banks tell the public otherwise, asking for financial support from governments by faking being on the brink of collapse, which is another blatant lie, but that is the signal that accountholders like you and me, can be plundered through the bail-in legislation already widely incorporated into law.

People by now should understand that keeping money in the bank is very dangerous.


Fractional Reserve Cannot Work in a Free Market

Banking all over the world operates on the “fractional reserve” system. Although a sound banker should keep 100% on reserve against demand deposits: he should hold one ounce of gold in his vault for every one-ounce of banknotes he has issued. And he should be permitted only to lend the proceeds of time deposits, not demand deposits.



Related: The Great Transition: The Shadow Ruling Force Behind The Central Banks Secrecy Is Repugnant In A Free
And Open Society

But under the rule of “fractional reserve banking” he is allowed to lend out 10 times that amount, which means that this system cannot work in a free market; for this reason, fractional reserve banking has been legislated by the people’s puppet government.

As it can’t work where banknotes are redeemable into a commodity, such as gold; the banknotes have to be “legal tender” or strictly paper money that can be created by fiat to make it profitable for the banksters.

Due to the reasons as outlined above, fractional reserve banking is far more profitable than any normal businesses. In any industry, high average returns attract competition, which in turn reduces the returns.

That is the reason why the banking sector by law is protected, so there is no competition from outsiders. A banker can lend out an amount, which a businessman might use to buy an item.

When the seller of that item re-deposits that amount, a banker can lend it out at interest again. The good news for the banker is that his earnings are compounded several times over. The bad news being that, because of the pyramid-like leverage, a default can cascade.



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In each country, the central bank periodically changes the reserve percentage – theoretically, from 100% down to 0% of deposits – banks must keep with these changing anomalies, according to how the bureaucrats in charge perceive the state of the economy.

The fractional reserve banking system, with all of its unfortunate attributes, is critical to the world’s financial system as it currently is structured. You can plan your life around the fact that the world’s governments and central banks will do everything they can to maintain confidence in the financial system.

To do so, they must prevent deflation at all costs. And to do that, they will continue printing up more dollars, pounds, yen, and euros. While currency crises, bank runs, and episodes of economic collapses are devastating to paper assets, they often offer opportunities to buy hard assets on the very cheap as is the case today for gold and silver.

Use this moment to your advantage, and you will never ever regret the follow up on this piece of advice.


Basel III Sets Gold Price Free

The use of gold is necessary to avoid financial catastrophe for the populace at large. Alongside the existing currencies, the oldest form of money, which is gold will be set free on the 29th of this month when the Basel III accord is implemented.



Related: Democracy Is A Front For Central Bank Rule & Financial Starvation In A Fiat Debt Slavery Financial System

Basel III is intended to make sure that all countries are asset – Gold – backed, otherwise they would not be able to participate in the Global Currency Reset. [Comment: Time will tell].

With Basel III is said that physical gold -not paper gold- will be on par with fiat money and other debt instruments. That signifies the end of the gold price manipulation, requiring a much higher gold price for the physical stuff.

The only way to survive the debt crisis is that nations reflate their currency established on gold as a reserve, which implicates a much higher gold price. This higher price is necessary to accumulate equity in line with their massive debt.

Think about the complication that is involved; because gold is going to bring down the private Central Banks with their fiat currencies. Confirming what Q already had told us awhile ago that gold will bring down the central banks.

As real gold is going to rise in price. A short period of time has been opened in which many of us can take advantage of this knowledge by buying gold and silver right now. Since gold will continue to rise, it eventually will outshine the debt notes that all are paper currencies.



Related: Forgotten History: US Bankers Financing US Enemies - And Why It Is Important Now

Even more, as people are going to realise that the paper notes they are holding are absolutely worthless they want to change it for real money, implying gold and silver. These prices are going to rise and that will make the paper currencies to decline, that as a result will destroy the private central banks.


Debt Money Scam Explained

Debt cannot be used as money. Nonetheless, the entire world monetary system is based on debt, which is a contradiction in itself! Consequently, the financial system is heading for a disastrous, inevitable failure. There won’t be a way around it, because debt can’t be used as money.

Money created through the energy of ordinary people who trust each other, resulting in trust-money, is legally synonymous with money created by the central banks which is debt-money, by transferring the trust placed into the first, into the latter; debt money. This results in inflation, which in itself is straightforward theft.

The Central Banks’ increase of the money supply goes far beyond social trust.



Related: 30 Plus Cold Hard Facts About The IRS: An Agent Of A Foreign Corporation - A Collection Entity For The
Federal Reserve Bank


The conflict between the two kinds of money – trust versus debt money – is clear: because a dollar/euro/yen/or any other unit can be spent only once – in principle for private transactions between citizens, but that same unit is again promised to pay off the public debt  through the schemes in which governments are engaged, without the consent, nor knowledge of we, the citizens.

This debt scam results in the following consequences: if all debt is repaid, then there is no money left in circulation.

Because the first component of the money supply – trust money – serves as collateral for the second – debt money – and the second is for the purchase of the first, while both support the illusion of money.

In other words, Public debt is required to create money while the people are told that their money is needed to pay off public debt, which of course is complete nonsense and a huge lie!

The pledge of trust money is a promise.

The debt money that arises from “debt” requires collateral for which taxes are created, collected by the government to pay off the ‘never-ending’ or perpetual debt spiral to the Central Bank in the currency that the central bank itself has issued out of nothing.

That then is mixed in with the trust money already in circulation, making the SCAM invisible.


The Truth About the Monetary System for the Analytical Thinker!

This scam is rooted in the premise of perpetual loans, imposed by central bankers on governments that borrow money that did not exist prior to the loan, against the collateral of tax money from the people. Keep in mind, this is money that governments themselves could have created at no cost and interest-free.



Related: Babylonian Money Magic & How Modern "Commercial Law" Is Based On Ancient Babylonian Codes

But governments have been forced into enterprises owned by the Rothschild Khazarian Mafia and are consequently required to borrow from the central banks.

The truth entails manipulation to such an extent that something is borne out of nothing.

At this point, understanding the scam and discovering how we are being enslaved by the Banking Industry, it is time people learn to think independently for themselves, by becoming detached from our daily illusion.

People must fully comprehend and accept that something created out of nothing, marketed as valuable is a fable, a plain deception.


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Comment by cheeki kea on July 19, 2019 at 7:22am

 I remember that market cash of 87 and it saddens me to this day. When I was paying down my first loan (on floating rate) I got the chance of weekend work at a family take away shop. I had a great boss who paid and treated me well, even gave apologies to loyal customers for me when my food went wrong. (usually excess beetroot juice from burger bags staining up the customers hands and clothes.) He would just laugh it off, saying "never mind- they'll be back for more") I should have been fired ! When the stock crash came I saw this loving family lose their entire life savings and successful business. They were then financially forced to move to Chch where they knew nobody, but rents were cheaper. This was devastating for them. A short time later I heard that my boss had died from cancer down there, likely caused by stress. I despise banks and their on going heavy handed attitudes. They Don't like it when you pay down loans quickly so that's why I intentionally take my right to do so. 

Comment by Phyllis Maka on July 17, 2019 at 11:38am

They crashed the market '87 that hit a lot of businesses hard, many businesses went to the wall, got caught up in that, lost the business almost the home. Taxman was threatening us with all sorts they wanted money thousands right there and then. People were coming off the street looking for work when they see the truck parked up in the driveway, there was absolutely no work around anywhere for a long time, my late hubby and I ended up on the welfare. When I think of that and I see now how it was all just a big fake as fraud, I just fume when I see these assholes just carry on like its coming right out of their ears it's business as usual, so ignorant and arrogant the bastards.  

Comment by cheeki kea on July 17, 2019 at 7:16am

Well they might use us, But we can Use Them ! I did, they gave me a loan of 50k to buy my house in the city back in the 80's, when it was almost paid off I took out a top up for the same amount and got another house in the city, when that was nearly paid off I did it again for the same amount and brought a house in my bug out location. Thanks to QV stoking up the flames of valuation I have done well out of them even though I still owe 50k. I've now switched the loan over to a local bank.  

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