The fight against “bail-in” is on! The Morrison government has released for consultation a new law that bans cash transactions over $10,000. The pretext for this law is to crack down on money laundering and tax evasion in the “black economy”. This is a shameless lie! The formal recommendation to ban cash comes from “big four” global accounting firm KPMG, which is an accomplice of the world’s biggest money launderers and tax evaders.
While the major banks, regulators and government have done everything in their power to block any moves towards bank separation, they have ignored one important point: separation would be good for the banks as businesses.
Good for proper banking, that is, not casino banking or predatory customer-fleecing.
The local mayor, state MP and federal MP for Mandurah, Western Australia, have attacked the Interests Of The People (IOTP) show “The Economic Massacre of Mandurah” for exposing that their city is the leading edge of Australia’s housing and economic crisis.
If there were any doubt that Australia’s banking system is corrupt, Graeme Samuel’s Capability Review of the bank regulator, the Australian Prudential Regulation Authority (APRA), removes it completely.
The scandal-ridden Murray-Darling Basin Plan has once again stirred up passions, captured in an ABC Four Corners report on 8 July. Most commentators can’t see the wood for the trees, or in this case, the hydrosphere for the water. As the Citizens Electoral Council (CEC) warned from day one, the agenda was to privatise the Murray-Darling Basin water and loot Australians of tens of billions of dollars through increased water charges.
