Make a submission to the Parliamentary inquiry into the regulation of auditing.
The common thread that connects all the crimes and systemic risks in the global banking system is the cartel of four global accounting firms that cover up for the banks and corporations through corrupt auditing practices.
Since the election in May, the Morrison government, Reserve Bank and Australian Prudential Regulation Authority have thrown everything and the kitchen sink at reversing the fall in house prices. They have been desperate to avert a crisis in the major banks, which have the highest exposure to household debt of any banks in the world—far higher than the banks in the USA and Europe that collapsed when their housing bubbles burst in 2008.
The following article is from the Australian Alert Service of 2 October 2019. It was accompanied by “The real Al Gore”, a profile of Al Gore’s actions in his political career on issues other than climate change, which show his true colours as a ruthless enforcer for corporate-military interests—see link at the end of the article.
The actions of the Australian government and central bank, and US Federal Reserve, betray real desperation about the state of the Australian and global financial system. There are signs that the global debt and derivatives bubble, which the world’s governments and banks have manically propped up for a decade since the 2008 global financial crisis, is suddenly imploding into a financial black hole.
Crisis rumblings in global financial system make stopping cash ban and bail-in urgent to force the government to reform the failed financial system, not prop it up at the people’s expense.
The Liberal-National Coalition MPs and Senators in the government endorsed the $10,000 cash ban bill in their 17 September party-room meeting; it is now likely to be introduced into Parliament this week. One Coalition MP, Queensland National George Christensen, broke from the herd to publicly announce his opposition to the cash ban.
