Following a week of public anger at the news that Treasury secretly dismissed over 3,400 submissions against the cash ban bill as just a “campaign by the Citizens Electoral Council”, Treasury has caved and published thousands of submissions on its website.
The deadline for submissions to the Senate inquiry into the $10,000 cash ban bill is Friday 15 November—11 days away.
We now have clear evidence that the government does not want to deal with thousands of submissions from Australians objecting to this law. So let’s make sure they have to—prioritise making your submission straight away.
After ramming his $10,000 cash ban law through the House of Representatives last week, Scott Morrison is now trying to pretend he has responded to concerns about his cash ban, by releasing a set of “rules” that exempt many activities from the ban.
The Morrison government showed its contempt for democracy and parliamentary procedure by ramming its totalitarian cash ban bill through the House of Representatives yesterday, without waiting for the outcome of the Senate inquiry into the bill.
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.
