aussie banks -- Operation Phoenix

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Subject: aussie banks

Author:
cricketer

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Date Posted: 14:17:56 05/20/12 Sun

Alan
nice well thought out reply.
Australias exports are much higher than 10% of GDP. Lots of Iron ore exported to China and japan.
The big four banks in NZ are Australian based and we are also large exporters. Mainly dairy meat fruit timber fish etc.
Our banks are Rothschilds controlled through J P Morgan and various nominees although appearing to be Public companies they are dominated by the major shareholdings. I have seen a document whereby our Reserve Bank proposes a one day banking holiday in event of a bank failure. A new bank would open two days later with all depositors being unsecured creditors of the previous bank and deposits taking a Haircut.

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