Parents contacted my office with concerns they had about a National Assessment Program (NAP) science quiz survey, which targeted children in Grade 6 (11 and 12 years). One of the survey questions was about families ‘compliance’ with the government’s COVID guidelines/regulations.

In Senate Estimates, I asked how relevant this line of questioning was with the stated NAP science objectives and whether the Australian Curriculum Assessment and Reporting Authority (ACARA) believes this is appropriate questioning for school children, who authorised the questions and who sees the results of the survey.

The COVID response has eroded many people’s faith in the government. Asking children to judge matters of civil compliance does not help build back trust in the wake of the last three years of hell that many families have gone through.

We have yet to receive responses from #ACARA to our questions, but hope to have them before the next Senate Estimates in October.

The BRICS member states are abandoning the United States’ dollar and other nations are seeking to join the BRICS bloc, which accounts for 25% of world trade and is expected to grow to 50% by 2030. The US dollar is now just 58% of all world trade. As the world moves away from the US dollar its value may fall.

Our Reserve Bank holds AU$35 billion in foreign reserves and half of that is in US treasuries securities. I asked the Governor whether the RBA had modeled the probability of that fall on Australia’s US holdings and whether they intended to invest in more US treasuries. The governor expects Australia’s economy to grow and foreign holdings to increase — as part of risk management however they are looking at other currency markets in line with the RBA’s key bench marks, but without speculating on any future currency fluctuations.

The BRICS group of major emerging economies — Brazil, Russia, India, China (the four founding members of the bloc) and South Africa is holding its 15th heads of state and government summit in Johannesburg on 22nd August. Founded as an informal club in 2009, it was initially created as a platform to challenge a world order dominated by the US and its allies with a focus on economic cooperation and increasing multilateral trade and development. As many as 23 countries have now formally applied to join the group and many more are said to be interested.

With more countries investing in and accumulating greater gold reserves and widespread reports that the BRICS alliance is working on creating a new gold-backed trading currency, I asked the Governor if Australia is planning to increase our gold reserves.

The answer was no. “We’ve got our gold reserves and we haven’t bought and sold for a long time, and we have no intention of changing that.”

Transcript

Senator Roberts: I have a question about the Reserve Bank’s reserves. Let me get to it by giving some background. At the BRICS meeting in Cape Town on 2 and 3 June, 13 nations will formally apply to join BRICS, which is currently Brazil, Russia, India, China, South Africa—and Saudi Arabia, with an each-way bet. Candidate nations include Mexico, Argentina, the United Arab Emirates, Egypt, Indonesia and Iran. BRICS is now the world’s largest trading bloc, accounting for 25 per cent of world trade which is expected to grow to 50 per cent by 2030. And it’s big in oil.

BRICS member states are abandoning the US dollar in favour of using their own currency or the Chinese renminbi in an environment where other countries, including Australia, are doing the same thing. Pakistan is now buying Russian oil and renminbi. The US dollar is now denominating just 58 per cent of all world trade. The United States has printed $10 trillion over the last seven years, doubling their M2 money supply. That increase has been absorbed in part by an increase in international trade.  As the world moves away from the US dollar the value of the US dollar may fall. The Reserve Bank holds United States treasuries and dollars. Have you modelled the effect on your balance sheet from that probable fall in the value of US holdings.

Mr Lowe: Not as a result of these other global changes you’ve talked about. We spend a lot of time and part of our risk management processes looking at volatility in currencies, because currencies move around all the time, don’t they? That affects the value of those assets on our balance sheet, so we model that from a risk-management perspective. Despite the developments you’re talking about, most countries still hold the bulk of their foreign reserves in US dollars. There’s diversification going on, which is good, but the US dollar is going to remain the dominant currency for some time.

Senator Roberts: What is the value of Reserve Bank holdings of US dollar and US treasuries in Australian dollars?

Mr Lowe: Our total foreign reserves at the moment I think are the equivalent of U$35 billion. What’s the share, Brad?

Dr Jones: I think it’s 55 per cent.

Mr Lowe: Roughly half of that $35 billion is allocated to US dollars, and then we have holdings of yen, Korean won, euros and rmb.

Senator Roberts: What about treasuries?

Mr Lowe: When we hold US dollars we invest it in US Treasury securities. We don’t invest in bank deposits or any other securities. We invest in US government securities.

Senator Roberts: What’s the reverse holding of Australian government currency and bonds held by the US government or their agencies?

Mr Lowe: We don’t have data on that.

Senator Roberts: Could you get that on notice?

Mr Lowe: No.

Senator Roberts: You don’t have it?

Mr Lowe: We don’t have data on specific holdings of other countries.

Dr Jones: If I understood your question correctly, Senator, the US holds euros and yen, from recollection, but not in large quantities.

Senator Roberts: While that arrangement helps with international stability across holdings, it is a method for backdoor quantitative easing. Does the Reserve Bank expect to increase your holding of US treasuries in the next 12 months?

Mr Lowe: We’ve just done an exercise where we were looking at how much of our balance sheet should be held in foreign assets. We said we’ve got $35 billion at the moment. As the size of the economy grows you would expect that to gradually increase. But, no, nothing dramatic. As the economy grows and the nominal value of the Australian economy gets bigger, then you would expect a bigger portfolio in US dollars and foreign currency.

Senator Roberts: The Reserve Bank has a mission to anticipate movements in major trading partners and in world markets. As it affects your provisioning and portfolio, does the Reserve Bank anticipate being affected by any out of the ordinary moves in financial markets in connection with the US economy or the US dollar over forward estimates?

Mr Lowe: We’ve recently been focused on the US debt limit issues in the US. If an agreement had not been reached there, that would have had implications for currency markets and economies around the world. So that’s one thing that we’ve looked at carefully. It looks like that has been resolved, thankfully. And, just as part of our general risk management exercise, we’re looking at developments in other economies and their implications for currency markets in own economy.

Dr Jones: As a general rule though, the way the bank has operated its reserves has changed quite a bit over the last, say, 25 years, and now the bank effectively sets key benchmarks and sticks to them. There are not big discretionary decisions going on every day. There’s wild speculation going on at the Reserve Bank, I can assure you, about the future value of exchange rates.

Senator Roberts: I wasn’t implying that. Worldwide purchases of US treasuries by central banks has fallen $600 billion in 2022 as compared to a baseline year of 2013. That’s just arbitrary—2013. Purchases of gold have increased $300 billion. So something is going on that Australia would be prudent to hedge against. Is the Reserve Bank increasing its gold reserves as an each way bet against BRICS introducing a gold brick currency of some form?

Mr Lowe: No, we’re not. We’ve got our gold reserves. We haven’t bought and sold for a long time and we have no intention of changing that at the moment.

Senator Roberts: Thank you, Governor.

Have your say and sign our petition by clicking on the links below. Help safeguard Australia’s democratic and ‘human’ rights to free speech.

There are only a few days left for you to ‘Have Your Say’ (while you still can) on the Government’s ‘Censorship’ bill giving ACMA powers to combat misinformation and disinformation. One of the greatest sources of misinformation, government departments and their funded media, are excluded from this bill, making it not fit for purpose.

The sleight of hand in this legislation is in the use of the words “misinformation and disinformation”. If we replace those key words in this bill to the more accurate “truth and scientific fact” we can see it is a threat to the prevailing narrative preferred by government “for the safety and well-being of the Australian people”.

It is immediately apparent that the bill is aiming for Orwellian censorship. Such social engineering would see the elimination of thought crimes (freedom of expression) and the removal of the ability for citizens to access truth and protest Government mistakes, bad policy and restriction of freedom.

This bill demonstrates that this government and ACMA has no role or interest in the truth which is disturbing to the majority of Australians. The proposed code would “support fact checking” which has been revealed in the United States court to actually be a misnomer for “narrative reinforcing”. That this legislation is even proposed by a democratically elected Government is beyond comprehension. It must be defeated if we are to remain a free country where the truth, not ‘The Narrative’, should set us free.

Tickets selling fast – secure your seat at: https://www.trybooking.com/CJYAW

This is a much anticipated conference where everyday Australians will come together to hear the latest on the government’s plans to take away more of your rights, and how you can get involved in resisting.

I will be conducting Q&As with Alan Jones, and with other speakers. I hope you can join us!

Saturday, 26 August 2023

12 noon to 5 pm

Brisbane City Hall – Ithaca Room

64 Adelaide Street

Brisbane QLD 4000

Listen to this brave young woman who has come forward to talk about her firsthand experience of one of the biggest medical scandals in human history.

Ideological gender affirming “care” is not caring. It’s not compassionate.

This barbaric pseudoscience doesn’t answer the mental health needs of young people today. In fact, it does the opposite.

Although we know statistics show that suicide in teens confused about gender is elevated, it is far higher in those who’ve transitioned.

The “fix” makes it worse.

Puberty is a rite of passage to adulthood, not a disease to be mitigated. It’s hard enough without wealthy doctors preying on the insecurities of pre-teens.

In her own words: Stop telling 12 year olds they were born in the wrong body.

In 2020 when COVID was spreading like wild fire through aged care, hunting people down and infecting them, there was no excess mortality. In fact, there were over 2000 less deaths than in 2019.

Yet in 2021 we saw the first wave of COVID injections and a corresponding spike in excess deaths of around 9000. That’s a big leap from the previous year.

Then in 2022, Australians died at a rate not seen since World War II.

The surge of excess mortality saw 25,000 more Australians dying than historical averages.

These were not all deaths from COVID infection as Moderna’s spokesperson in this video falsely claims.

Excess mortality is happening globally and it has been happening in tandem with this experimental jab. Everybody knows someone damaged from the jabs and hardly anyone knows someone who died from COVID-19.

Moderna does not have data to support their self-interested claim.

We need a Royal Commission into COVID.

Who got it wrong on ‘vaccine’ side-effects?

World leading virology and pharmacology experts who spent months peer reviewing Pfizer’s own COVID phase III trial data, reaching the conclusion this product was associated with serious adverse events four times higher than any benefit touted such as ‘reduced hospitalisation’?

OR the politically compromised advisory panel that shot the scientific article down within a few weeks of it being published?

I asked the Therapeutic Goods Administration (TGA) this and other important questions as part of a recent Senate Public Hearing.

I joined guest host Maria Zeee on the “Alex Jones Show – Infowars” on Wednesday to break down how the Great Awakening is taking the power back from the government for Australians.

Watch as I question Pfizer representatives in this Senate Hearing.

The company was very reluctant to attend the committee hearing and also reluctant to supply a straight answer, automatically falling back on their ‘safe and effective’ mantra to dodge answering the question.

Already, this Senate Hearing revealed that Pfizer is rewriting history on transmission of infection.

We’re supposed to conveniently forget they said “get it to protect others, to save grandma” and “when you’re vaccinated the virus stops with you”.

They’re hiding behind their indemnity contract with our government and dodging responsibility.

ATAGI and the Australian governments must stop pushing these unsafe and ineffective shots and drop the destructive mandates now.

Here’s what’s emerging on Labor’s Voice: Labor sees it as essential for making a “treaty” to create a separate sovereign aboriginal state.

The 1-minute video shows that in pushing the failing Voice campaign, Anthony Albanese contradicts the claims he made in parliament before the election.

Law Professor Gabrielle Appleby* explains why an aboriginal body, the Voice, must come before making a Treaty “with aboriginals”.

She says, quote: “The sequencing of Voice, Treaty, Truth has been given significant thought. Voice precedes Treaty because fair, modern treaty negotiations require first the establishment of a representative Indigenous body to negotiate the rules of the game with the state. It can’t be left to the state alone, and the state must have a group of people with whom to negotiate.

In Victoria, this was achieved through a specific representative institution – the First Peoples Assembly.

Truth follows Voice and Treaty, because, as Torres Strait Islander political scientist Sana Nakata explains, Voice ensures Truth will matter more than just “continued performance of our rage and grief for a third century and longer”. Voice establishes the power for Treaty, and Treaty establishes the safekeeping of Truth.”

While, I’m not a lawyer, I can read a dictionary definition saying the word “treaty” means “a formally concluded and ratified agreement between states”.

Anthony Albanese is setting up to make the Voice as a body to “represent” the aboriginal industry and then make a separate sovereign entity.

Is this why he and the Labor machine including Minister Burney have been hiding the Voice details. Passing the Voice would end Australia as we know it and create another separate nation.

To create that separate nation and divide Australia, the terms and conditions would be negotiated between Albanese’s Voice and Albanese’s government. A power grab.

The result would surrender many controls and rights to the UN. As Labor-Liberals have done repeatedly since the UN was formed in 1944.

And especially since the Whitlam Labor government signed the UN Lima Declaration in 1975, that in 1976 the Fraser Liberal government ratified. That UN Declaration destroyed Australian manufacturing and sent it to China.

As Eddie, an aboriginal from the Northern Territory told me: He is opposed to the politicians’ Voice for two reasons:

1. He’s Australian, and

2. The Voice is racist.

At the Voice referendum, I’ll be joining with many aboriginals voting NO.

*Professor Gabrielle Appleby is a Professor at the Faculty of Law and Justice, UNSW Sydney. She researches and teaches in public law. She is the Director of The Judiciary Project at the Gilbert + Tobin Centre of Public Law, the constitutional consultant to the Clerk of the Australian House of Representatives and a member of the Indigenous Law Centre. In 2016-2017, she worked as a pro-bono constitutional adviser to the Regional Dialogues and the First Nations Constitutional Convention that led to the Uluru Statement from the Heart.