The ACCC ruled last year that allowing ANZ to buy Suncorp would reduce banking competition. Today, the Australian Competition Tribunal disagreed and allowed the merger.
Senator Malcolm Roberts says the Tribunal’s decision is a wasted opportunity when Suncorp should have been bought and turned into a People’s Bank:
‘There is some logic to the Tribunal’s decision, Australian banks are at best a cartel and at worst a monopoly – one bank with many logos. In short there must be competition before that competition can be lessened. Our banks do not compete, they work together.
‘This is a result of the same foreign merchant banks holding controlling shareholdings in all of Australia’s major banks. In turn the banks behave in exactly the same way, offering almost identical risk management, products, fees and charges.
‘Banks are working in collusion to close bank branches and eliminate cash to force everyday Australian consumers into more electronic banking services, from which banks profit.
‘Banks are acting together to de-bank competitors like crypto exchanges and bullion dealers, using their market power to squash their competitors.
‘The result is obscene profits ($35 billion last year) much of which is sent as dividends to foreign merchant banks.
‘This is what the Tribunal has decided is an acceptable way to run banking in Australia.
‘Last year I proposed using the Future Fund to buy Suncorp for their asking price of $5bn and then turn Suncorp into a people’s bank, one that would operate with their customers’ interests at heart, in a fair, ethical and honest manner.
‘One Nation will continue to campaign for a people’s bank and I call on Treasurer Jim Chalmers to use his powers to direct the ACCC to investigate collusion, common ownership and restrictive trade practices being conducted by the Big 4 banks.
‘It’s time to force real competition between the banks and establish a People’s Bank.’
Editor: It should be noted the UK Royal Family is said to be the largest non-institutional shareholder of ANZ Bank.
Re Fluoride
I’ve been asking around since scam19, what differentiates the people who didn’t fall for it.
I think it’s fluoride.
I haven’t drunk fluoridated water for most of my life. Eat organic as much as possible. Don’t use normal toothpaste, keep chemicals out of home and body as much as practicable. This seems to be typical of the awake.
Show of hands anyone.
Banks have been working in collusion since the Rothschild-Morgan scheme to get the Federal Reserve up and running since (1910 meeting at Jekkyl Island) and then the sinking of the Olympia in 1912 to drown the private bankers (Morgan pulled out at the very last hour after ensuring they were all aboard of course) who opposed ripping off the People and the establishment of the Federal Reserve a year later in 1913! That is NOT going to change. They went to great trouble to set this gravy train in motion – and they intend to force everyone into a digital system by closing them all down. That way they will have COMPLETE and utter control of every living being. Oh, did I forget to say that any “money” in your digital account will be taxed? Yeah, new concept. Negative interest. And don’t forget to spend it. You all know the saying: spend it or LOSE it!
Not if you don’t drink it-haven’t gone near it for years!!!
Commenter dd2
10:1 is often quoted but the real figure will be changing 10 times a second and depending what your parameters are. It’s basically a casino and the winners are the shareholders. So who are the shareholders, well I would say most of them live in the Bahamas and such places, inside PO Boxes. The funds may be owned by all sorts of pensions and so forth and controlled by eg. BlackRock™ whose local brand is called “Australian Super™”. The funds are great for expoliting the commoners savings for plunder as well as rigging the AGM votes. As security they have all sorts of levels and contingencies which add up to God knows what. Bill & Hill got started with “Whitewater™”, the rehearsal for the 2007 crash, bundling junk mortgages into “blue chip securities”, look at all these corpses
https://en.wikipedia.org/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession
Whitewater™ was the rehearsal for the GFC™
Covid-19™ was the rehearsal for SEERS 2025™
“Fluoride did the trick. Ed”
Absolutely, being a neurotoxin it’s cumulatively associated with intellectual loss and increased pacificity.
Fluoride did the trick. Ed
A sovereign state controls its own money supply. A vassal state has its money supply controlled by foreign interests.
And some of us silly buggers never noticed when our money supply was handed over to foreign interests by our politicians?
Too busy figuring out the Artha is Martha agendas, were we? When did we become one of the dumbest populations on Earth?
THE FULFILLMENT OF THE PROPHECIES
“6). ‘Liberalism’ is one of the chief instruments of Jewish power. Through preaching this doctrine and getting into the machinery of Liberal parties, Jews have exploited for their own ends the generous instincts of all the peoples who have received them into their communities. Jews have preached ‘democracy,’ and through getting their dupes to believe it, have succeeded in rivetting on their necks the chain of Shylocracy, the rule of the Crowned Usurer, Shylock Rothschild, who was admitted to England’s Parliament by ‘Liberal’ statesmen, and now rules the world. Jew banks appear to be many, but in reality there is only one. Reduced to impotence the nations bow before the Law not of Moses, even, but of the Jews’ Bank ‘always united and always devoted to our (Jewish) cause’.”
.
http://www.jewwatch.com/jew-references-protocols-answering-critics.html
This is the real story on money out of thin air-Rom does it again:
“Australian banks are at best a cartel and at worst a monopoly – one bank with many logos. ”
Read it & weep:-
https://finty.com/au/research/big-four-ownership/
Correct me if I’m wrong but doesn’t fractional reserve banking say that for every $1 deposited with a bank, the bank can lend a multiple of say 10 times that dollar?
That means the bank CREATES money out of thin air! The $1 liability turns into say a $10 asset for the bank, PLUS INTEREST income earned on that out of thin air asset!!!
A 1000% + profit out of thin air!!!! Great business if they let you have one! Certainly worth bribing a few Judases in order to get a piece of the action.
Meanwhile, your deposited $1 is magically transformed into an unsecured investment and a promissory note from the bank. i.e. Legally speaking, the money you put on deposit with the bank is no longer YOUR money.
Joe Bogan said – “… there are rats everywhere…”
Apparently so. There’s quite a menagerie of power-mad Hydra / Spectre / Dr. Evil wannabe clubs out there, invariably managed by billionaire psychopaths with a penchant for mass-murder, eating babies and pulling the wings off flies.
Which one[s] are actually calling the shots and which are the minions?
You decide…
.com/20240217/what-are-the-secret-societies-pulling-global-strings-1116839473.html
(stick “sputnikglobe” at the front)
Fun question – why are the Freemasons absent from the list? And while we’re at it, where’s the Vatican?
Last I heard one board member of ANZ was the legendary Jane Halton, Australian liaison of the Gates Agenda 21 Covid plot and relative of the legendary Brett Sutton who told us he had a va666ine exemption but the rest of us great unwashed didn’t, he got an Australia Day award and a job boss of the Melbourne zoo and some musical director job and not so well reported he sneaked into the CSIRO to work out some new ways to do covert things to Victorians. Well let them kill off half of Melbourne I say and I might be able to get a seat on the tram.
Jane Halton seems to be the Eddie McGuire of Australia’s bullshit industries, based in Melbourne, Canberra and such places.
As for people’s banks the lady boss of the PO was kicked out for pursuing this and the cover story was some rubbish about gold watches, but if you asked chat gpt a while ago it was making up all sorts of bunkum about major embezzling. The lady boss got a new job at some parcel logistics thing.
Fractional banking could never NOT exist, how could anyone expect kings and emperors to dig up their own gold every time they wanted to buy a few cannon balls. In a normal traditional country the king still puts his face on the money, in Euro countries the bloodlines like to hide behind UN, Rotschilds, Macaron, Zelenskies, Bidens, Gates, Swabs, Bransons, Bezos, Elon Muck, anyone really.
The Euro and Scandinavian notes have all ditched the royal personage and instead show commoners, buildings etc, the King of Norway has swapped himself out for a lot of old boats. The bloodlines are well screened, even so we still “know too much”.
It’s easy to smell a rat these days there are rats everywhere and a forest of lies but don’t forget these are the good old days.
Cheers Ed,
I always thought that’s how the original banks operated?, a long time back mind, – this was the age prior to the fractional reserve system, when deposits were properly represented.
I’ll look into it, – but whatever the case, those days are long gone.
Nothing to see here folks.
Blah Blah Blah.
Yeah we need a “People’s Bank”, like the Commonwealth Bank USED to be all those decades ago. And we need our right to use CASH enshrined in SOMETHING that can’t be breached, seems the Constitution was never going to do the job. That was flushed down the gold-plated parliamentary latrine AEONS ago.
But what exactly is the Treasurer going to do about it? He works for the COMMONWEALTH OF AUSTRALIA CORPORATION, after all, and not US. You know, that foreign corporation that has hijacked every level of Australian governance, that foreign corporation which is OWNED by the same genocidal mass-murdering baby-eating arseholes that OWN ALL THE BLOOD-SUCKING BANKS.
Hi Doc just a moot point, but trading banks have never loaned one cent of their deposits. Fractional reserves is how they operated. Ed
This is why Nigerians happily trade with each other in Bitcoin.
Most depositors fail to realise, that modern banks no longer require their savings. In former times, savers deposits were used to finance the banks loans, which was where banks traditionally made the lion’s share of their money.
But over the past three or four decades, banks have moved on from that obsolete model, and now earn their money elsewhere, such as international currency trading, swaps, derivatives, futures and other complex financial instruments. In this day and age, deposit accounts are nothing but an irritating thorn in their foot.
As big banks now operate as international investment banks, customers deposits now find themselves listed under the bank’s ‘liabilities’ section, as they cost the bank time and money to run. These are always the first of the banks assets to be sold in the event of bankruptcy or bail-ins.
In many cases. It was only through Government intervention that the banks were forced into accepting customers deposits, as these accounts were essential for daily business transactions and greasing the non-financial economy.
If Government cannot provide this service to the people, alternative payment solutions emerge such as Bitcoin.
There is only two countries in the wold that are not controlled by the roschilds banking they are Cuba and Iran and Russia is trying brake away from there jewish cluches.
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I think Anna’s got it: http://annavonreitz.com/responsetorlfalseclaim.pdf
Australia is long gone when they moved our manufacturing to China by the communist government of Gough whitlem even our 75 tonnes of gold is held in the bank of England which is owned by the roschilds.
A new Quantum Financial System is partly already in place in many countries, and we will follow suit whether the banks know it or want it, and banks will just become financial advisory centres, as all money will be safe inside of the QFS until you find places to invest that you trust. No government will get taxes off you except on non essential items where there will be a sales tax…that will be the only tax at point of sale even on houses, only new ones will be taxed, none on wages or food, medical, etc. So it probably does not matter what happens to Suncorp and the rest, as they will be basically done with.
This video will tell you who owns Australia’s Reserve Bank, and a number of other things. If Senator Roberts does not know this already (he is, after all, a self-confessed “data-based” operator) then I do not know why he doesn’t:
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Hehehe…. Sounds like “communism”, Australian style, where the Banks own the State and everyone else.
Yes full support to Senator Roberts this MUST be stopped and YES to a peoples bank,… And don’t forget all the Post Office Branches around the country…. change their name and what ever license has to allow them to become ” POST BANK”…. and let us all move away with OUR money…After all don’t forget the Banks are NOBODY without OUR money!!!
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