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.
STOP PRESS: Morrison blinks on cash ban! The Morrison government has delayed the Senate report on the cash ban, originally due tomorrow, until 28 February to consider the evidence. The flood of calls that Senators are receiving are working! Keep up the pressure.
This week is make-or-break for the cash ban. The Senate inquiry hands down its report on Friday ahead of an expected Senate vote next week. Everyone opposed to this law must call Labor Senators this week, as well as Leader Anthony Albanese and Shadow Treasurer Jim Chalmers, and demand they stop it, as they have the power to do so.
The Senate inquiry into the Morrison government’s totalitarian cash ban bill is due to hand down its report in just over three weeks. Barring some extraordinary development, Morrison can then be expected to move for a vote in the Senate. If the Labor Party supports it, the bill will pass; if Labor opposes it, we can stop this law that has only one purpose—to trap people in banks.
A former senior ministerial advisor has observed to the Citizens Party that the date of the second cash ban hearing, 29 January, is too late to affect the findings of the Senate committee’s report due 7 February.
