Valentine’s Day last week was the second anniversary of the government ramming through its “bail-in” law to steal deposits for propping up failing banks. The combination of bail-in and the bans and restrictions on cash that are now being implemented around the globe is necessary for the mega bank bailout under preparation to deal with the oncoming new global financial crisis.
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.
Parliament resumes on Monday 9 September, which gives us two weeks to melt down their phone lines with forceful objections against the $10,000 cash ban.
