The Reserve Bank Grift #2: Their Record in Charts
Is the RBNZ fit for purpose?
…the primary…concern of a central bank is to maintain the internal and external value of the currency. …Money and Banking in New Zealand, Reserve Bank of New Zealand, Wellington (1963) p10.
RBNZ’s Record in a few charts
RBNZ opened for business in 1934. After looking at the below charts:
Consumer Price Inflation
Since 1934 the purchasing power (i.e. the internal value in the RBNZ language) of New Zealand’s currencies - first sterling, then decimal from 1967 - has collapsed. In 1914 (gold confiscated), 1920 (silver confiscated), 1947 (silver confiscated), and 1967 (decimalization) the currency was directly debased. Since then currency supply inflation has managed the debasement.
New Zealand U.S. Exchange Rate
New Zealand decimalized currency in 1967; data from 1971 (i.e. Nixon’s little trick). We can say the NZD has lost approximately half it value since 1970 (i.e. the external value in the RBNZ language).
See also:
Money is such a dangerous and archaic tool! It promotes psychopaths to power, and the psychopaths hide the tech that would make money pointless.
Just one such tech I personally know of:
Electrogravitics: Gravity Control & Energy from the Aether (9 min): https://odysee.com/@amaterasusolar:8/electrogravitics-gravity-control-energy:6?lid=eeff9e0c80138ce03e22d76bcd5f2f873ff46b72
Abundancism – It’s Not Working for a Living; It’s Loving the Work You’re Living (article): https://amaterasusolar.substack.com/p/abundancism-its-not-working-for-a