Commonwealth of Australia 0000805157 - an American Depositary Receipt: Introduction
Why does the Australian Federal Government put profits before people? Is it really possible that the Commonwealth of Australia is owned by individual shareholders who receive a financial dividend from the labour of every tax-payer in Australia?
COMMONWEALTH OF AUSTRALIA is company registered by the Australian Federal Government with the United States Securities and Exchange Commission (SEC) under Standard Industrial Classification (SIC) 8880 - American Depositary Receipt (ADR).
The main listing (above) for COMMONWEALTH OF AUSTRALIA disguises SIC 8880 by classifying it as "UNKNOWN SIC". What could be the reason for this apparent subterfuge?
By following the first "Documents" link the truth is readily revealed:
https://www.sec.gov/Archives/edgar/data/805157/999999999511002281/9999999995-11-002281-index.htm
Wikipedia defines an ADR as follows:
An American depositary receipt (ADR, and sometimes spelled depository) is a negotiable security that represents securities of a non-U.S. company that trades in the U.S. financial markets.
Shares of many non-U.S. companies trade on U.S. stock exchanges through ADRs, which are denominated and pay dividends in U.S. dollars and may be traded like regular shares of stock.[2] ADRs are also traded during U.S. trading hours, through U.S. broker-dealers. They simplify investing in foreign securities by having the depositary bank "manage all custody, currency and local taxes issues".
https://en.wikipedia.org/wiki/American_depositary_receipt
There are, in fact, many countries and governments registered with the SEC. Almost all of these are listed under SIC 8888 - Foreign Governments, which may be more appropriate [1].
For example, South Africa:
https://www.sec.gov/Archives/edgar/data/805157/999999999511002281/9999999995-11-002281-index.htm
Why, then, is Australia a special case? If it is about selling treasury bonds, where is the full disclosure? Why are the offices of the Prime Minister, the Treasury and the Attorney General completely unresponsive to legitimate inquiries? Why does the law firm facilitating the SEC registration refuse to engage the public?
Why the subterfuge? Why is COMMONWEALTH OF AUSTRALIA an American Depositary Receipt and not a Foreign Government?
These strings will be unraveled in forthcoming posts as we venture further into the labyrinth to uncover the truth, backed by hard evidence, about how our societies really work and what we as individuals, and as a community, can do to bring lasting change and freedom for all, now and into the future.
[1] incorporated governments in the hands of individuals, as is the case with all of them as of this date, is clearly unacceptable. Blockchain technology is changing all of that ...