Category Archives: Australian Bankers Association
While ever the LNP/ALP duopoly which kowtows to China stays in power Australia will flounder until drowned
AS Australia’s biggest anti-free trade advocate, Bob Katter, Federal Member for Kennedy has weighed in on the escalating trade tensions with China, slamming successive government free trade policies and warning that unless Australia breaks the “iron ball of bureaucracy around our ankles we will continue to be a begging bowl of Asia” with cattle, cotton, barley, wine, fruit and vegetables and coal.
Mr Katter said it was unsurprising that China was showing no signs of cutting down Australia’s trade deals with the top earning commodities.
“If you take away China as a customer, you’ve lost 30 per cent of the nation’s income, and the criminals that allowed this to happen in the Parliaments of Australia by running around with their free trade, black-dogging the all-powerful Chinese, should be shot.
“For years they were running around saying that free trade would make Australia become the “food bowl of Asia” but we are now the begging bowl of Asia, just look at our fruit and vegetables where Australia is now a net importer.
“The country is now reaping the whirlwind that feeds the greedy snivelling sycophantic slave masters, the snake like Sydney city suits living in their pleasure domes.”
Mr Katter said the only response to Beijing’s power plays was to focus on developing Australia’s self-sufficiency particularly on essential products used every day which are currently produced in China, like plastic.
“Self-sufficiency in a post-Covid world should be the catch cry and I cannot see one single item undertaking by desperate Dan the dictator, or “do what I say” Palaszczuk, the NSW Premier seems to be too busy on extra-curricular activities and while I’d like to very much to think that Josh Frydenberg would be on board, I’m afraid Josh’s background inhibits him from building this nation.
“The problem with letting business build Australia as the Treasurer believes is that businesses are carrying more bureaucracy leg iron than my burdened convict forebears ever had to carry and it is the banks, sorry the “mortgage lenders”, that have led us to this.
“The long term benefit for Australia is to produce in our country sophisticated industrial goods and the industrial by-products of agriculture such as ethanol which opens the way to plastics manufacturing. Fancy importing all your plastic products (your Coca Cola bottles etcetera) from overseas when we could be doing it here.
“Countries like China just print the money to build a development or project; state-of-the-art economies of scale and it is not cheap labour anymore given their wages are over 50 per cent of that of Americas.
“We have the iron ball of bureaucracy around our ankles and we have banks that want to know the value of our house when we want to build a Bradfield Scheme. And the mortgage lender banks are only interested in how much they can sell a half built dam or factory for. They look to the mortgage value rather than the project.
“Australians must throw out their current political and monetary regime and replace it with an aggressive build and own our nation attitude which is the driver in America, China, Europe and Brazil.
“Instead, we are still floundering around in the fairy floss of free marketism which is an explanation and admission that we know absolutely nothing about anything and we don’t have to do anything because it will all be done for us.”
Totally compromised banker’s man PM Scott Morrison, rushes in a ban on cash that has nothing whatsoever to do with alleged Covid 19 infected banknotes or tax evasion. The ABC and MSM are supporting the NWO takeover with their fake news
Federal Member for Kennedy, Bob Katter, has expressed his disgust on the back of the announcement that some inner-city supermarkets will no longer be accepting cash.
“A proposal by one of the supermarket chains to go cashless?” Mr Katter said in disbelief when first confronted with the news.
“Once cash vanishes then you become the puppet of the banks,” said Mr Katter.
“A cashless society means the only way you can buy anything is if the bank approves it and four banks encompass 90% of Australia’s transactions.”
“If we Australians are stupid enough to trust 4 giant corporations and their puppets, the Federal Government, then we are really stupid people.”
“Australian currency is owned by the people, not the banks.”
Mr Katter’s tirade follows a major supermarket informing the public that, from yesterday, they would no longer be accepting cash payments at six more inner city stores in Melbourne and Sydney. This is on top of the six stores that began the trial in July this year.
“The concentration of power here is really scary,” Mr Katter added.
“The giant supermarket chains have destroyed owner operator businesses across Australia.”
“This is the first step onto a slippery slope, and it will be absolutely disastrous, at a time when people are trying to desperately to get their money out of the banks and financial institutions.”
“I will lead the first demonstration in the first store that they attempt to do it!”
Cairnsnews advises voters in the upcoming Queensland election on October 31 to vote for a KAP candidate or you will go down with the Admiralty law ship. If valid, corporation law would prosecute Queensland Inc for trading while insolvent. The state is hopelessly bankrupt yet the knucklehead Premier and the equally silly Opposition Leader, bereft of any intelligence have taken election pork-barreling to such lofty heights the Reserve Bank will have to print money non-stop for the next two years.
Your grandma is next! Fight Morrison’s creeping cashless economy agenda
From the Australian Citizens Party
The Senate will soon vote on the Morrison government’s bill to extend the trials of the Indue cashless welfare card. These trials are part of the government’s and banks’ creeping cashless agenda, to force Australians into electronic payments and effectively trap them in banks. The government’s bill to ban cash transactions over $10,000 is part of the same agenda. While Australians angrily reacted in huge numbers to the $10,000 cash ban, which sparked an insurrection against the bill in the government’s own ranks, too many have failed to recognise the cashless welfare card is a foot in the door for the same agenda. If you oppose the push to a cashless economy, call cross-bench Senators Jacqui Lambie, Stirling Griff and Rex Patrick before Wednesday to demand they oppose the bill.
Don’t fall for the justification that the Indue cashless welfare card ensures welfare recipients in highly disadvantaged communities spend their money responsibly and not on alcohol and cigarettes. The card is a totalitarian technological short-cut that is a substitute for addressing the real causes of welfare dependency and drug and alcohol abuse in disadvantaged communities. It is also a trial of a program that is intended to be rolled out Australia-wide, which will include recipients of the aged pension. The government falsely and insultingly calls the pension welfare when in fact it is a payment for which pensioners have contributed all their lives. The trials currently include recipients of disability and carers payments.
On 11 September 2019, the Citizens Party exposed how the Indue cashless welfare card is part of the broader push for a cashless economy:
The Morrison government’s cashless welfare card, and draft $10,000 cash ban bill, are part of the program to force Australians into a cashless economy system that will enable the private banking cartel and government to monitor and measure their words-the financial activities of every Australian.
In 2012 the RBA [Reserve Bank of Australia]-the high priests of the financial system who conjured Australia into a debt and real-estate bubble, and now use monetary policy solely to pump more debt into the bubble to prop up the banks-conducted a review of the payments system, using its legislated powers, unique among central banks, to promote efficiency and competition in the payments system. That review led to the establishment of the Australian Payments Council (APC), which was founded by the Australian Payments Clearing Association (APCA, now Australian Payments Network) to promote a strategic agenda for the Australian payments system through industry collaboration. The APC set out to create the platform for real time electronic payments clearing (including peer-to-peer consumers instantly paying each other through their phones), which is the infrastructure for a cashless economy. This idea became the New Payments Platform (NPP), and to coordinate the project and industry efforts to bring it to life, APCA engaged global accounting giant KPMG.
The NPP is now up and running, although in a fledgling state. It is jointly owned by 13 of the biggest financial institutions in Australia. Extraordinarily, the RBA itself is one of the owners-a massive conflict of interests for Australia’s central bank to effectively be in a business partnership with the private institutions it is supposed to regulate. Another curious name on the owners’ register is Indue, the private corporation that holds the contract to manage the government’s cashless welfare debit card, for which Indue is paid $10,000 per card to administer, and which the government wants to roll out Australia-wide.
While KPMG was coordinating the NPP, its former boss, Michael Andrew (now deceased)-the only Australian to ever become the worldwide boss of one of the Big Four global accounting firms-was chairing the government’s Black Economy Taskforce. In the Taskforce’s 2017 report, Andrew recommended the $10,000 cash ban to move people and businesses out of cash and into the banking system, which makes economic activity more visible, auditable and efficient. In other words, to force Australians on to the NPP!
With the Indue card the government is picking off welfare recipients to be the first forced into their cashless regime, but your grandma is next. Meanwhile the banks are succeeding in using the pandemic disruption to advance their plans to reduce cash use and make people more reliant on electronic payment systems.
Here’s the good news: although it’s officially still in the Parliament as a bill, the government’s $10,000 cash ban has stalled. The government has gone very quiet on the issue, and that is entirely due to the huge public backlash they received after unveiling the bill last year. The Australian people fought them back, but must continue to do so every time the government tries to push the cashless agenda. This cashless welfare card bill is one of those times, so the Citizens Party is calling on concerned Australians to contact the three cross-bench Senators before Wednesday to insist they oppose this bill.
Senator Jacqui LambiePh: (03) 6431 3112Email: email@example.com Senator Rex PatrickPh: (08) 8232 1144Email: firstname.lastname@example.org Senator Stirling GriffPh: (08) 8212 1409Email: email@example.com
Best video of the year explaining the World Economic Forum’s plan to remove Trump and force a world reset, installing the New World Order, supported by Australian bankers’ man PM Morrison and the LNP/ALP/Greens triumvirate:
by Alexandra Bruce
I’ve been pleasantly surprised to discover that one of the most consistently hard-hitting and incisive sources of news and analysis on YouTube is Remnant TV, a channel published by The Remnant, a St. Paul, Minnesota-based Catholic newspaper that bills itself as the “Oldest traditional Catholic newspaper in the world” and is strongly critical of Pope Francis and of all the Globalist policies currently endorsed by the Catholic Church.
This eye-opening documentary published 3 weeks ago on August 6th, hosted by The Remnant Editor, Michael Matt explores what’s really going on with the global pandemic.
He takes us to Switzerland—to the World Economic Forum—where the movers and shakers of the world meet in Davos to discuss the implementation of UN Sustainable Development Goals in order to fundamentally “transform” every aspect of life as we know it.
They want a New World Order and the only thing standing in their way, at the moment is Donald Trump.
by Remnant TV
Treasurer Josh Frydenberg is a bald faced liar. So too is his Assistant Treasurer Michael Sukkar and Prime Minister Scott Morrison.
All three have claimed on national television the $330 billion created by the Reserve Bank was borrowed and taxpayers are liable to pay it back.
The ABC broadcast this interview with Treasury officials who have stated categorically the Covid 19 bail-out Jobseeker fund to assist business maintain employee remuneration was created by adding extra noughts in Treasury computers. The ABC has rolled over yet again, under orders from Frydenberg, ignoring their previous radio interview about Treasury credit creation.
ABC reporter David Taylor naively claimed this was the first time Treasury had created credit. He is totally wrong- it has been doing it since the early 1900’s.
There is nothing new about credit creation by banks. Early bankers of the 17th and 18th centuries accepted gold as a deposit then issued notes against the gold held in their vaults. The value of the notes often exceeded the value of the gold in their vaults. These were the first bank notes used in every day transactions then and now. Except for the world’s greatest Treasurer, Liberal Peter Costello who sold most of our physical gold reserves to ‘balance the books’ and replace it with government paper.
Peter Costello agreed to sell most of our gold holdings in 1997.
The decision prompted cries of betrayal from the gold industry and, with the benefit of hindsight, was incredibly poorly timed. Since the sale of 167 tonnes of gold for $2.4 billion, or just over $400 an ounce, gold in Australian terms has rallied to record highs. The price peaked last July at $1819.44 an ounce, at which point the gold Australia sold for $2.4bn would have been worth $10.7bn.
In a vault deep in the basement of the Reserve Bank’s Martin Place headquarters in Sydney today sits a hoard of gold bars worth about $US500,000 each — all four of them.
The RBA now holds almost the entirety of the nation’s gold in vaults administered by the Bank of England.
Credit creation as espoused by social credit crusader Major CH Douglas before and after WW 2 has been around for centuries.
Charged with rebuilding a destroyed Japan after WW2, General Douglas MacArthur rebuilt its economy without borrowing external funds. He created the credit needed by issuing paper as do the central banks of every country. Japan turned into a powerhouse economy and led the industrialised world with manufacturing for decades.
Just as the Australian Treasury and the the Commonwealth Bank did for a century. Taxpayers should not be slugged to pay back the Jobseeker fund particularly as Frydenberg, a member of the Jewish fraternity, admitted $60 billion was created unnecessarily due to a book keeping error and not needed after the sums were done correctly.
This credit does not exist as legal tender, that is notes and coins, but as a blip in the Treasury computer.
He could use these created funds to complete construction of the Bradfield Scheme to water inland Australia, high speed rail and new generation, coal-fired, base power stations thus creating tens of thousands of meaningful jobs.
Bob Katter, MHR said ‘big brother’ was getting more and more powerful after a Senate inquiry recommended a Bill banning cash payments over $10,000.
“This would be absolutely disastrous for the senate to pass this at a time when people are trying desperately to get their money out of the banks and financial institutions,” said Mr Katter.
“If this passes and you want to get your money out of the banks you simply won’t be able to.”
Mr Katter said the Bill would have dire implications for small businesses during natural disasters when people are unable to use Eftpos due to power and internet outages.
“If you are running even a very small business, $10,000 a week is not an unreasonable figure. During Cyclone Larry Eftpos was down for more than a week,” Mr Katter said.
“It is extraordinary that the Government would consider such an intrusion and destruction of basic human rights and privacy.
“The Parliament has sold the entire nation off to foreign corporations, they’ve bankrupted agriculture and now this is the next step.
“In China there is one CCTV camera for every three people and they are now incorporating facial recognition. In Australia the only people who have guns are the people in uniforms.
“In the famous novels A Brave New World and 1984 they had two way cameras in every household. Well, now we aren’t too far off from that.”
Queensland Katter MP, Nick Dametto said the limit on cash payments would be another assault on Australians’ freedom to be able to conduct legitimate business in a manner of their own choosing.
“This has been sold to us as a way for the Federal Government to control tax evasion but in reality all it does is give way to more control from the major banking corporations,” said the Member for Hinchinbrook.
“Australian currency is owned by the people, not the banks, and it should not be up to the Federal Government to decide how you spend it.”
Ten years ago Australia had five car manufacturers, Ford, GMH, Toyota, Nissan and Mitsubishi.
Now we have none. All gone overseas and the reason given? Costs were to high. Funny in that the cars we are now importing (Malaysia etc) are no cheaper.
I remember back in 1968 living in Brisbane, when the 3 major cities back then were Sydney, Melbourne & Adelaide a nd Adelaide was the Industrial City.
Adelaide – South Australia, was where you went to work in the Iron Ore Industry, or where you could get a job making railway tracks for B.H.P.
You could get a job building ships, submarines, cars, washing machines, fridges, TV’s, Hills hoists, Victa Lawn Mowers or make tyres at Bridgestone tyres.
Lightburn Washing Machine Company even made a car called a Zeta. It was not much of a car, but at least it was Australian and we built it. I worked at Stanvac where we made our own Petrol, Diesel, Kerosene and Oil. We had Oil Rigs in Bass Straight, North West Shelf and the Timor Sea. We even had Australian owned Service Stations like (H.C. Sleigh) Golden Fleece and many of us young wanna-be mechanics back then worked as a driveway attendant. (Just like Stanley).
I remember catching a train from the city to Gawler and then on to Freeling, Hamley Bridge, Stockport, Riverton, up to Clare, Gladstone, Laura etc. And all these towns were bustling with activity, and on the weekends they were all open for business. Our shops were filled on every shelf with food and products all proudly made or grown, in Australia. Our fridge was full of Lamb Chops and Steaks because it was cheap as we were a huge Lamb and Beef growing Nation. And once a month Mum would make us all a delicacy! It was called a Sunday Roast Chicken.
I remember when we all had trade skills and high quality tools that would last and last. But most of all we had Mates. We as Australians watched each other’s backs even if we had not met yet, and we all said G’Day to everyone with a smile. Our kids could go anywhere they liked on their bikes, just as long as they were home before dark.
Australia was pretty safe back then. Yes, Australia was once a self supporting nation that had it all. It had Farms that produced our dairy, fruit & vegies and meats etc. And Politicians back then were known as Statesmen and they were voted by the people, for the people, on behalf of the people and did what the people wanted.
We had public utilities owned by us the people, that guaranteed our Electricity, Water and Sewage forever.
No one knew how much the Snowy Mountain Scheme cost, we just built it.
No one knew how much the Sydney Harbour Bridge or the Indian-Pacific railway cost!
WE JUST BUILT IT!
Then came CORPORATE GREED.
Now everything above has GONE.
Now we don’t watch each other’s backs anymore but watch each other through security bars, burglar alarms, and security screens.
Now we dob each other in.
Now we import poor quality processed food.
Now we import cheap tools that break just taking them out of the packet they come in.
Now we rely on ships to bring in our fuels.
Now we can’t afford our own Lamb or Beef anymore.
Now we eat steroid pumped chicken just about every day.
Now we import trade skill workers on 457 Visa’s.
Now we have high unemployment as nearly all of our Industry and Manufacturing has gone offshore.
Now we have that many Laws that we have just about outlawed ourselves.
But I guess we need even more laws, so now we will have Sharia Law as well. We now pay for water that falls out of the sky at $3.80 a litre.
Now we have taxes for everything.
Taxes for carbon, taxes for sake of having taxes, (They call them Levy’s).
And don’t forget the newest tax is the ISLAMIC TAX (Halal Certification)
Now here in South Australia in our towns we have Railway Stations and railway tracks, but no trains.
We have Public Bus Stops in our Towns but no buses. We have Hospitals and Clinics but very few Doctors or Nurses.
We all have Mobile Phones, and have little to no reception.
We have Digital TV’s with Bugger all Signal in the country.
And the worst of all, is our once great nation is being sold off, piece by piece to every other country on earth, except us.
Tis very sad but very true! Enjoy whats left while you can?
The Australia we knew when growing up is now STUFFED!!!
-from Gary Matthews
from CEC, Melbourne
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.
(This legislation is yet to clear the senate.Ed)
Shane Wright reported in the 28 October Sydney Morning Herald: “The Morrison government has sought to head off internal and crossbench anger over plans to forbid cash payments of $10,000 or more, outlining a string of exclusions it says will protect those who still want to use notes and cents.
“Rules governing new laws around large cash payments make it clear they will exclude gifts, private transactions such as used car sales and situations where people have no other way to pay but via cash.”
It is not true that Morrison is softening the law with these rules. They were always planned to be attached to the law, as a ploy to make the ban initially more acceptable.
The problem is that all the rules providing exemptions to the cash ban are in a separate legislative instrument, and not in the bill itself. This means that the Minister can change the rules at any time, without a vote in Parliament. While the Parliament can disallow the Minister’s changes, it has a strict time limit on doing so, which limits the ability of the public to have a say in the changes and gives the Minister the advantage in making changes.
In other words, the rules are not real protections at all, but exemptions that can be temporary, and easily removed to make the ban more draconian.
The bill itself, which does require a parliamentary vote to change, is an absolute ban on all transactions over $10,000.
Even the ‘myths’ are lies
Demonstrating how disingenuous the government is being over this law, Treasury has issued a “Fact Sheet—addressing the myths about the cash payment limit”.
The so-called “myths” listed in the fact sheet have nothing to do with the main objections to the law.
The Government’s “myths” are:
- Cash cannot be used for everyday transactions.
- Family members cannot give cash gifts.
- Private individuals cannot buy or sell second-hand goods using cash.
- People are required to store money in the bank.
- People are no longer able to deposit or withdraw cash from their bank account.
- The Government can amend the Bill for the cash limit without scrutiny by the Senate.
In denying all these claims, the government fails to mention that they are only false because they are exempted under the rules, which can be changed at any time. They are not exempted in the legislation, which requires a Parliamentary vote to change. As independent researcher Melissa Harrison from exposingtheblackeconomyreport.com asked: “Why is the government not being upfront about this?”
The government’s fact sheet doesn’t address the main objections to the law, because the government cannot answer them. They prove the government’s excuses for this law to be false.
The government claims the cash ban is necessary to eliminate the black economy and reduce tax evasion.
In truth, as proven by studies of the global black economy by Leandro Medina and Friedrich Schneider published by the IMF, Australia doesn’t have a serious black economy problem; the black economy we do have is already shrinking without any cash ban, having halved since 1991; and comparable countries with cash restrictions have much bigger black economies.
As for tax evasion, it is false to blame tax evasion on individuals using cash. Real tax evasion is perpetrated on a massive scale by multinational corporations and banks, and ultra-rich individuals, using the Big Four global accounting firms and the global network of offshore tax havens. This is how Netflix can pay less than $500,000 tax in Australia, on revenue of almost a billion dollars. It is especially outrageous that this cash ban was recommended by a former global boss of one of the Big Four accounting firms, KPMG, which is up to its ears in real tax evasion, and that KPMG is already lobbying to reduce the limit from $10,000 to $2,000.
It is now proven that the real reason for the cash ban, which the government doesn’t want to acknowledge, is not a “conspiracy theory”, but is a recommendation from the IMF which can be read in black and white: cash must be restricted to make negative interest rates work. Countries all over the world are either at negative interest rates or close to, and the IMF has recommended cash restrictions to trap people in banks so they are forced to pay the banks to look after their money.
Another reason to trap people in banks is so they cannot escape “bail-in”, which is when deposits are seized to prop up failing banks.
Independent MP Andrew Wilkie cited this evidence, including the need to ban cash to make negative interest rates work, in his speech in Parliament on 24 October opposing the cash ban. He also proved that the government is not interested in really eliminating money laundering, as it has ignored Wilkie’s evidence of money laundering at Crown Casino. Most importantly, Wilkie made the point that the government has all the laws it needs to crack down on the real black economy, it just doesn’t enforce them.
The government is trying to dodge the issue because of the huge backlash it has received against this law, which has sparked a mutiny even within its own Liberal Party ranks. We must keep the heat on!
What you can do:
National Farmers Federation, which doesn’t represent family farmers, wants them to make way for China
National Farmers Federation solution is to get rid of the farmers
Farming is an essential service
Barnaby Joyce joins in the chorus to throw farmers off the land
KAP Federal Member for Kennedy, Bob Katter has today slammed the National Farmers Federation (NFF) after they appeared on national television and announced they were lobbying the government to provide financial incentives to drought-affected farmers to leave their land; a campaign which is being echoed by the National Party.
A livid Mr Katter said, “Your solution is to get rid of the farmers. It is in the back of the mind of every intelligent Australian ‘why do you want these people out?’ So your big corporate masters, Chinese investors, prominent amongst them can buy them out and we can have corporate farmers. The city suits and foreign nations will be our farmers and we peasants will be out there working for nothing in little towns that are vanishing. That is the solution by National Farmers Federation.”
The NFF, a farming lobby group, proposed six measures to the Government last week, one of which was an incentive payment to leave the land. Other measures in the proposal were rate relief to help pay local government charges, payments that are the equivalent to Newstart allowance, $2,000 top-up of the Assistance for Isolated Children allowance, two-year interest free government loans and a plan to work with state and territory governments to eradicate feral pigs.
While the NFF has been critical of the ad-hoc response to drought by the Government, Mr Katter believes that exit packages are not the answer.
“The KAP, the political party I belong to, says Reconstruction Bank. It’s just so simple that you’ve got to be curious why they won’t do it.
“The Reconstruction Bank, through the Government, can borrow at, probably, a bit below 2% so it can lend at 1.9%. Where aa farmer now owes an average $1 million, he has to find $54,000 a year to pay to the bank. Under the Reconstruction Bank he’ll now be paying $16,000 to the bank.
“The Reconstruction Bank buys bad ‘in danger’ debts at a discount. The farmer will then owe the Reconstruction Bank not the full $1 million he owed the bank but only $850,000 giving him leeway to buy fodder.”
Mr Katter also took aim at the Government’s sorry attempts at financial assistance for primary producers, “The Federal Government claiming they have done something with the farm and financial assistance grants, that one is one huge whopper. Hungry Jacks would love that one, that’s the biggest whopper of all.
“It was the Rural Action Council of Far North Qld, secured at Wayne Swan and Kevin Rudd’s Drought Summit that gave us that concession. The tragedy is when Rural Action was screaming against former Deputy Prime Minister, John Anderson’s, dreadful comment that “we don’t need 240,000 farmers in Australia we only need 120,000”, well the National Party has achieved its objective, we now have less than 120,000 farmers and of those farmers around one in 10 have been on welfare payments, the Family Assistance Grants, given to us, not by our traditional party, the National Party, but by our traditional enemies the ALP.”
“If the KAP gets a commanding position in the Parliament, as Knuth, Katter and Dametto have said again and again, they will immediately reintroduce the reconstruction bank which was successfully run for over 100 years in Queensland.
“We have already lost half of our farmers in the last 20 years. Clearly it is the intention of the NFF, and their political wing, the National Party, to get rid of another half. The farmers are doing it tough? Their solution: get rid of the farmers.”
KAP Leader and Federal Member for Kennedy Bob Katter has slammed a Federal Government Bill which will control how much cash people are allowed to spend as being a danger to the Australian freedoms; a danger which he thinks is greater than the danger to our lives through a terrorism event being carried out in Australia; which the bill sells as being able to reduce.
The Federal Government snuck through and tabled The Currency (Restrictions on the Use of Cash) Bill 2019 on Friday afternoon of the last parliamentary sitting while the House had risen and all Members and their staff were returning home.
The bill carries a punishment of significant fines and jail time of up to two years if a person is caught spending or accepting a cash payment over $10,000. If passed, the bill will come into effect from 1 January 2020.
“The danger here to our freedom is greater than the danger to our lives through terrorism,’’ Mr Katter said.
“Clearly there are a thousand reasons why people like to hide a little bit of wealth; and have access to cash.”
Mr Katter quoted George Orwell in his dystopian novel ‘1984’ saying “Big Brother is watching” and that a person’s right to privacy with some of their wealth is one of the most important rights that Australians have.
“I’m told that for every 10 people in China there is one camera watching. Now whether that’s accurate or not, in most police cases that have caught my interest, I notice that the first thing they go to is the security cameras and people have no idea to what degree they are being watched on a daily basis.”
The Federal Government’s key selling point of the bill is better control of the ‘black economy’; arguing that it will reduce money laundering and the purchasing of weapons on the black market, but Mr Katter warned that an increase in going digital will result in an increase in cyber-hacking and that the bill’s passing will open the flood gates on further restriction of freedoms.
“The Government promotes the bill as a measure to combat funded international and homegrown terrorism yet with the ever-rising digital theft and threat of international cyber hacking I wouldn’t be trusting my bank account or the authorities to protect it, nor should they be controlling it.
“The Government will argue that this is the one and only initiative that they will implement to eliminate the black economy however, once the bill is introduced and passed, they will have the flexibility to dictate many more amendments to the law. It will give the police the power to control your cash over $10,000.
“Once the legislation is in place, they have opened the doors to regulate and change as they see fit.
“The assumption that our cash transactions are due to unsavoury activity allows for the prosecution of the potentially innocent, it has always been innocent until proven guilty?
“I’m sure the Government and policing authorities’ intentions are good but the only people allowed to have guns in our society are the people in uniforms.
“So we have lost the right to protect ourselves and now our right to privacy has been taken away with this bill. Are the Government and authorities going to act responsibly? Yes, most of the time. All the time? No.
“All I see here is the undermining of the great principles of Magna Carta in the rule of law. Through insidious increments, ‘The means that is argued justifies the end’.”
THE Morrison government is attempting to sneak legislation through Parliament to virtually criminalise cash as part of an International Monetary Fund (IMF) drive to bring in negative interest rates, allegedly to “fight recession”.
Negative interest rates mean you pay the bank to hold your money, but cash in hand incurs no such charge.
It means governments will exercise even tighter control over money than they and the central banking system already have.
Draft legislation about to be pushed through Parliament by the Morrison Liberals will outlaw cash payments above $10k under the guise of tax efficiency and combating “the black economy”.
But the Australian lobby group Interests of the People (IOTP) says the real agenda is all about the imposition of the IMF’s extreme global monetary policy in the form of negative interest rates.
“This represents a significant curtailment of civil liberties, and more,” says IOTP.
Australians have less than two weeks to respond and mainstream media appears to have ignored it.
IOTP spokesman John Adams says the Australian Treasury has released draft legislation which was initially announced in the May 2018 Budget by then-Treasurer Scott Morrison.
Nothing was done last year, but the legislation now proposes introduction on January 1, 2020.
“I was skeptical that this ban on (cash) transactions would come in but now that the Coalition has been re-elected, the Coalition with ScoMo and (Treasurer Josh) Frydenberg have decided to push this initiative forward,” Mr Adams said on IOTP’s YouTube channel (“Red Alert: ScoMo declares war on the Australian people”).
Adams says the government is claiming it’s to deal with tax revenue and the black economy but if this was the case, why didn’t they do it a decade ago when the GST was brought in as a way of eliminating the black economy.
“They could have easily introduced certain bans on transactions at that point, but they never did. So why now?
“It’s because not of tax revenue, it’s about interest rates. It’s about the International Monetary Fund. They’ve written a series of technical papers … about how to make negative interest rates work.”
Adams says the IMF wants to make interest rates “deeply negative” e.g. negative 3 to 5 percent, something never done before in human history.
And this would allow the central banks to implement controls on money and people never before implemented in history.
Adams says this will be sold as an initiative to stop the black economy, but in reality it is the first of a series of stages to eliminate cash.
The Treasury announcement came out at 5:12pm on Friday, July 28, in an attempt to limit exposure of it. Mainstream media do not appear to have reported on the plans.
The consultation period ends on August 12th, which points to an attempt by the government to limit exposure of the plans, while allowing them to say “consultation was sought”.
The full interview can be seen at https://www.youtube.com/watch?v=770M2s6ZD8Y&feature=youtu.be&fbclid=IwAR2vEHSudRzJHl7ppoGhm5I8Y3zwR2eqjkD3u5vYyqe13ZyDPkYVzfGMGMg