Having private shareholders control the reserve bank is not a good idea because then there motives are profits for them selves and not the wealth of the nation.
ENGLAND AND UK NEEDS TO PAY BACK OUR GOLD , DIAMONDS , AND OUR MONEY THEY CAPTURED SOUTH AFRICA FOR TOO LONG. AND IT STARTED IN 1986 WHEN DE BEERS MINES OWNER WAS MURDERED. GIVE US REAL INDEPENDENCE WITHOUT ANOTHE COUNTRY LIKE AYSTRALIA AND UK, US. BUNCH OF CRIMINALS BUILD THE NWO ONS SOUTH AFRICA. PAY BACK OUR RICHES.
Kunjani gents Please check the previous comment by Chris. These shareholders are actually trying to protect and (have the mandate to) restore the wealth of the nation. Politicians, foreign banks and globalists elite elements are working very hard to takeover control of resources (natural and human) and to dominate the entire world. The plan - aka :NewWorldOrder: - is not a "theory". Its a conspiracy & real threat to the future of humanity. They divide us with lies, and conquer by greed and with bloodshed. Tokyo did us a huge favour by bringing attention to the current situation. The SARB has a mandate and proof of the capital resources that is meant to be (re)invested into SA's economy, for it's continued development and to benefit All it's people! The master's puppets in office and media want to keep us ignorant and keep us in our place. In many ways we are already (unwittingly) seen as slaves.
Create money out of thin air and collect dividends? Sounds fraudulent to me. So if we (the people) print money it's counterfeiting, what do you goons (shareholders of a private bank) call it when it when you print money, monetary policy? How is it that we pay interest on something that doesn't exist?
+Roan Shuttleworth The money is created out of (or backed by) government debt; stocks of gold and other countries' money; and then its multiplied by our commercial banks (FNB, Standard Bank, Nedbank, etc). That multiple is determined by the SARB. Someone has to control how much money is in the economy otherwise we'll end up like post-WWI Germany or Zimbabwe. Only America can get away with printing as much money as they want because so many people around the world use the dollar, but even they have a limit. Also, the SARB has been declaring losses. They can't pay out dividends if they make a loss. I don't think the shareholders should expect dividends from the SARB though. The SARB's main aim is to control inflation, not to make profit. The shareholders must seek to play a role in keeping The Bank on track. They should invest their money elsewhere if they want dividends.
They are very very small minority shareholders. The big banks are the major shareholders trying to squeeze them out using politicians, new legislation and media defamation
Reading up on the architecture of the SARB and its private shareholders .... speaks to a different reality. Though their legal approach won't work when there are other forces at play dictating the governor's march to "freedom" which in actual fact will screw us badly!
Most of the money in South Africa is electronic. Only about R80billion out of about R1.4trillion is in cash. These amounts are the money used for transactions (check accounts). There is also money put into deposits (all of which is electronic). In total, there is more than R3trillion in circulation. Also, the SARB doesn't decide who gets the money. Commercial banks and the government decide who gets the money.
+Tshepang Letanta You are correct, most money that exists today is electronic just digits in a computer. But the gold standard no longer exists so money isn't backed by anything, it's just a debt note, not even a "promise to pay" anymore. This gives the private bankers the power to create money out of nothing then charge us interest on something that never existed making you and I DEBT SLAVES! The control of a country's money supply should be in run by the government, by the people, for the people AT NO INTEREST. Money should be lent to you and I to purchase homes etc and paid back over time with no interest. I don't know about you but it makes me mad, now knowing that I'm going to pay back roughly 3 times what I paid for my home!!!
They are very very small minority shareholders. The big banks are the major shareholders trying to squeeze them out using politicians, new legislation and media defamation...one of these guys actually favours nationalisation
It's fortunate that they are not gov. owned or the ANC would have milked the $50 Billion of forex dry as well, admittedly i'm not a fan of the banksters, which of the 2 evils does one choose?
I support the private sector, today the private sector has more humanity. Society can defend it's self againt oppression, we don't need the government to protect us because they can be extremly cruel
Like SAA, like Eskom, like the Post Office, like Transnet? This government can't even make a diamond mine pay! The Reserve Bank is standing between them and the cashbox.
@@crispinswainstonharrison9042 Thats very stupid. The Zimbwabwe situation is of land and sanctions so you are really being stupid. But I support your stance even though your reasoning is dumb. I'm a Capitalist, less power to the public more power to the private. Equality is the fantasy of the poor. But you are a liar, atleast I'm an honest capitalist activist
Having private shareholders control the reserve bank is not a good idea because then there motives are profits for them selves and not the wealth of the nation.
He shareholders have no voice and receive a fixed dividend.
@@michaelbowes9894 A shareholder have no voice? what are you a 5 Year old ?
ENGLAND AND UK NEEDS TO PAY BACK OUR GOLD , DIAMONDS , AND OUR MONEY THEY CAPTURED SOUTH AFRICA FOR TOO LONG. AND IT STARTED IN 1986 WHEN DE BEERS MINES OWNER WAS MURDERED. GIVE US REAL INDEPENDENCE WITHOUT ANOTHE COUNTRY LIKE AYSTRALIA AND UK, US. BUNCH OF CRIMINALS BUILD THE NWO ONS SOUTH AFRICA. PAY BACK OUR RICHES.
Its the reserve bank. It prints money. The only money that can be used in south africa. How can a man own it
Mr sexwale starts to make sense
I agree with you and there are some dandaheads thinking he's making up stories
Kunjani gents
Please check the previous comment by Chris.
These shareholders are actually trying to protect and (have the mandate to) restore the wealth of the nation.
Politicians, foreign banks and globalists elite elements are working very hard to takeover control of resources (natural and human) and to dominate the entire world. The plan - aka :NewWorldOrder: - is not a "theory". Its a conspiracy & real threat to the future of humanity.
They divide us with lies,
and conquer by greed and with bloodshed.
Tokyo did us a huge favour by bringing attention to the current situation.
The SARB has a mandate and proof of the capital resources that is meant to be (re)invested into SA's economy, for it's continued development and to benefit All it's people!
The master's puppets in office and media want to keep us ignorant and keep us in our place.
In many ways we are already (unwittingly) seen as slaves.
Create money out of thin air and collect dividends? Sounds fraudulent to me. So if we (the people) print money it's counterfeiting, what do you goons (shareholders of a private bank) call it when it when you print money, monetary policy? How is it that we pay interest on something that doesn't exist?
+Roan Shuttleworth The money is created out of (or backed by) government debt; stocks of gold and other countries' money; and then its multiplied by our commercial banks (FNB, Standard Bank, Nedbank, etc). That multiple is determined by the SARB. Someone has to control how much money is in the economy otherwise we'll end up like post-WWI Germany or Zimbabwe. Only America can get away with printing as much money as they want because so many people around the world use the dollar, but even they have a limit. Also, the SARB has been declaring losses. They can't pay out dividends if they make a loss. I don't think the shareholders should expect dividends from the SARB though. The SARB's main aim is to control inflation, not to make profit. The shareholders must seek to play a role in keeping The Bank on track. They should invest their money elsewhere if they want dividends.
They are very very small minority shareholders. The big banks are the major shareholders trying to squeeze them out using politicians, new legislation and media defamation
Reading up on the architecture of the SARB and its private shareholders .... speaks to a different reality. Though their legal approach won't work when there are other forces at play dictating the governor's march to "freedom" which in actual fact will screw us badly!
How is our reserve bank have private shareholders and why , clearly this country was never free isn't it supposed to be state owned ?
exactly, 100% correct. a country's money in the hands of a few.
Exactly the shareholders are just as corrupt. They knew the truth
Most of the money in South Africa is electronic. Only about R80billion out of about R1.4trillion is in cash. These amounts are the money used for transactions (check accounts). There is also money put into deposits (all of which is electronic). In total, there is more than R3trillion in circulation. Also, the SARB doesn't decide who gets the money. Commercial banks and the government decide who gets the money.
+Tshepang Letanta You are correct, most money that exists today is electronic just digits in a computer. But the gold standard no longer exists so money isn't backed by anything, it's just a debt note, not even a "promise to pay" anymore. This gives the private bankers the power to create money out of nothing then charge us interest on something that never existed making you and I DEBT SLAVES! The control of a country's money supply should be in run by the government, by the people, for the people AT NO INTEREST. Money should be lent to you and I to purchase homes etc and paid back over time with no interest. I don't know about you but it makes me mad, now knowing that I'm going to pay back roughly 3 times what I paid for my home!!!
Commercial banks own most of the Reserve Bank
They are very very small minority shareholders. The big banks are the major shareholders trying to squeeze them out using politicians, new legislation and media defamation...one of these guys actually favours nationalisation
It's fortunate that they are not gov. owned or the ANC would have milked the $50 Billion of forex dry as well, admittedly i'm not a fan of the banksters, which of the 2 evils does one choose?
Bravo to Mr. Tokyo Sexwale 🙏
How the fuck can a man own shares in a bank that prints money ?
I support the private sector, today the private sector has more humanity. Society can defend it's self againt oppression, we don't need the government to protect us because they can be extremly cruel
Private billionoares control the gov
Why did this clown ever invest in the SARB? Did he not do his homework?
He white ? He lives in germany ? and he controles a money printer in africa ?
He is a tiny minority shareholder. The big banks own much more shares in it
There is a trial for every nation and the trial for the Nation of Islam is wealth
Yes iam the owner of account..all.iam king asm-01
go back to the gold standard
Reserve Bank should be run by government, It has never serve the people in the hands of private shareholders.
Like SAA, like Eskom, like the Post Office, like Transnet? This government can't even make a diamond mine pay! The Reserve Bank is standing between them and the cashbox.
One of the reasons why we are not yet Zimbabwe is because the SARB is not owned by the ANC.
@@crispinswainstonharrison9042 Thats very stupid. The Zimbwabwe situation is of land and sanctions so you are really being stupid. But I support your stance even though your reasoning is dumb. I'm a Capitalist, less power to the public more power to the private. Equality is the fantasy of the poor. But you are a liar, atleast I'm an honest capitalist activist
@@michaelbowes9894 Now that is logical reasoning. Unlike @Crispin the idiot who can't reason
Why is this the first result when I type "A History of Central Banking by Stephen Goodson" in the search bar lol