Category Archives: australian Labor Party
In his 2018 budget Scott Morrison announced a ban on cash transactions over $10,000, originally to come into force in July 2019, but now January 2020.
With this measure, Australia has joined what outspoken former Liberal Party economics advisor John Adams, who is forecasting an impending economic Armageddon, calls the “war on cash”—nations deliberately moving to a cashless society.
Going cashless is commonly promoted as an efficiency measure driven by technology, but it coincides with the global push for “bail-in”—the policy of averting bank failures by seizing the savings and investment funds of depositors and other classes of creditors.
Bail-in is one of a number of sinister developments in the international financial system, including negative interest rates, which drive people to keep their money in cash.
If it’s not in the bank, it can’t be bailed in.
And you can’t be charged for having it there, which is how negative interest rates work.
Morrison snuck a bail-in law through Parliament in February last year, the Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Act 2018, with only a handful of MPs and Senators present when it passed and no recorded vote.
It authorises the “conversion or write-off”, a.k.a. bail-in, of so-called hybrid securities which are better known as bail-in bonds, which have been sold to hundreds of thousands of unsuspecting mum and dad investors and self-funded retirees. They are at risk of losing, collectively, more than $40 billion.
But the law included a massive loophole that the Citizens Electoral Council’s legal experts, as well as John Adams, Digital Finance Analytics Principal Martin North, and former APRA Principal Researcher Dr Wilson Sy, identified could be used to conduct a back door bail-in of deposits by stealth.
When Pauline Hanson’s One Nation senators notified the government they intended to close this loophole with an amendment that explicitly excluded deposits from any bail-in, the government and Labor Party opposition rushed the bill through the Senate when the One Nation senators weren’t present in the chamber.
Now, as the CEC revealed 4 March, the International Monetary Fund is saying that the 2018 law isn’t enough, and is demanding the government enact a full statutory bail-in regime that explicitly includes deposits. Moreover, the IMF is demanding that the government scrap all democratic safeguards over the bank regulator APRA, by which the Treasurer can give APRA directions and the Parliament can disallow an APRA policy. The IMF wants these safeguards scrapped, so that in the event that APRA orders a bail in of bank deposits in a future crisis, the government will not be able to block the order to protect the public.
This bail-in policy is guaranteed to destroy the public’s confidence that their banks will keep their money safe, and will drive people to take their money out and hoard it in physical cash or other forms.
So what are we seeing around the world coinciding with the rollout of a global bail-in regime? A massive and draconian crackdown on the freedom to use cash.
This is most obvious across the European Union, where the EU bail-in system called the Bank Recovery and Resolution Directive (BRRD) came into force in January 2016.
According to a 25 February 2019 post by John Adams on his website entitled “The New Global Push for Negative Nominal Interest Rates”:
- France has legally prohibited cash transactions above €1,000;
- Spain has legally prohibited cash transactions above €2,500;
- Italy has legally prohibited cash transactions above €3,000;
- the European Central Bank ended the production and issuance of its €500 note at the end of 2018.
Also, the government of India eliminated 86 per cent of all physical cash throughout the Indian economy in 2016 by banning popular denominations of the currency. This created a political uproar in India, and fuelled suspicion of India’s bail-in law which was introduced the following year, the same time as Australia’s. The backlash was so great that the Indian government was forced to withdraw its bail-in law—the first time that has happened.
Sweden is 95 per cent cashless, and Vietnam has a plan to become 90 per cent cashless by 2020.
Another common justification for the war on cash is the need to crack down on the black economy, which is the Morrison government’s excuse. But this isn’t genuine. There are adequate measures in place to track cash-based criminality, which CBA and other banks have ignored, and the same Morrison government shamelessly protects those banks from real scrutiny and real consequences.
The fact remains that limits on cash trap people in banks where they can’t escape bail-in.
Join the CEC’s fight to defeat bail-in and force Parliament to pass the Separation of Banks bill that Senator Pauline Hanson introduced on 12 February, for a Glass-Steagall separation of banking from speculation, which will fully protect deposits from financial dangers and bail-in, and restore confidence in the banking system.
What you can do—fight for the Separation of Banks bill to stop bail-in
- Make a submission to the current Senate Economics Legislation Committee inquiry in support of the Separation of Banks bill. The submissions deadline is 12 April, but do it straight away. Click here for instructions on making a submission.
- Call the chairman and deputy chairman of the Senate Economics Legislation Committee to demand they hold public hearings on the Separation of Banks bill, so that the inquiry is transparent and they can get a proper understanding of the need for bank separation from real experts who are not beholden to the banks.
Chairman: Senator Jane Hume – Liberal
(03) 9428 1773
Deputy chairman: Senator Chris Ketter – ALP
(07) 3881 3710
Letter to the editor
A civilian in Cairns carrying a military-styled replica rifle was detained after a dumb member of the public complained to police this week.
The officers charged the man for carrying a replica in public although it was inoperable and not a real firearm.
What would today’s paramilitary police have done 40 years ago when Army cadets between the ages of 14 and 18 carried home from their school units SMLE .303 rifles that could be fired if the cadet had any ammo.
I remember when I was at school in the army cadets and was a member of the shooting team. In the 1960’s, 70’s and 80’s there was no paranoia about guns as we have now.
I would carry home a SMLE .303 from the school armoury on the bus ready to go on bivouac for the weekend at Greenbank or Canungra army training reserves.
People remembered then it was guns that kept the Japanese army from invading the north through New Guinea. The mischievous media today aided by the Labor and Liberal parties have demonised guns to the extent that they make it a great big deal if a house is raided and guns are found. Guns take precedent over dangerous drugs according to the media.
We can thank God there are still a few million unregistered guns in existence around the country because the only thing separating runaway government and citizens is guns.
When the trouble starts I would not like to be a member of the media or ALP or Liberal politician.
Has any Labor politician ever seen a gun fire of its own volition? No and they never will. It takes two to tango Mrs Premier.
When guns are outlawed only outlaws will have them!
-from a burnt out digger
The Labor Member for Cook, Cynthia Lui, from Yam Island in the Torres Strait, is urging northern recreational anglers to record their catches.
In the Cairns Post ‘Household Fish Quiz’ Cynthia is asking weekend fishermen to make and send these records to the Fisheries Department so they can collate the numbers and species being landed.
Any fisherman who falls for this entrapment would be a complete fool.
By hook, line or sinker Cynthia’s carefully woven spider web is enticing you to tell big brother about your catch so the Marxists of the State Labor Government can introduce much tougher legislation to regulate amateur and sports fishermen.
Look at what the Labor Government has just done to the professional fishing fleet.
The hard pressed fishermen of the local fleet have been forced to spend thousands to install GPS devices which record their vessel’s every movement in real time even if crossing a ‘Green’ area to get to regulated fishing grounds.
The Department of Agriculture and Fisheries intends to make fishmeal of those few struggling commercial fishermen left in the north.
Up and up will go the cost of ‘fishing licences’ (and fish) and soon you will need a licence to buy a rod or hook.
We urge all fishermen, commercial or amateur to revolt against the fascist Queensland Government. There is not a court of competent jurisdiction in Australia.
Read senator-in-exile Rod Culleton’s foray into the UK court system which has systematically overturned any authority of an Australian court which functions under the fictitious ‘Queen of Australia.’
Don’t fall for it Queensland fishermen. Never ever vote for the communists of the ALP! – contributed by a recreational fisherman
Veteran political commentator and conspiracy researcher David Icke, 66, has been refused entry to Australia to conduct a speaking tour.
Already the left wing of the ABC and terrified Liberal and Labor politicians have thanked the quisling Liberal Home Affairs Minister David Coleman for banning entry to Icke.
Dvir Abramovich, the chairman of the Jewish Anti-Defamation Commission who launched the campaign to revoke Mr Icke’s visa, praised the Government for “declaring in a loud voice that anti-semites and Holocaust deniers will never find a home in Australia.”
Labor’s immigration spokesman Shayne Neumann, favourably regarded as an intellectual pygmy, said the Government has made the right decision in this case.
Never mind the ALP and Liberals have admitted into the county thousands of Islamists with allegiance to Allah as well as being adherents of extreme Sharia law which permits polygamy and child sex.
Minister Coleman obviously prefers this type of immigrant whose culture is incompatible with this nation and is nothing new to the Jews.
Icke blew the whistle on Israeli secret service Mossad’s involvement in 9/11 along with US intelligence agencies and the Bush family.
Labor too is terrified Icke could tie their home-grown Marxists and socialists to the Communist Chinese party and reveal illegal union donations of millions of dollars to some pollies.
What a motley, ragtag bunch of unintelligent politicians we have in charge of our government. Is it any wonder Australia has become the laughing stock of the world?
Australia is a signatory to Agenda 21. We were signed up by the Federal Government in 1992. As with America, Local Government Authorities have implemented ‘model statutes’ directly from this massive anti-development UN document. Don’t miss this great video of author Rosa Koire (link at bottom of page) exposing the green agenda.
Agenda 21 document:
by Alex Bruce
It’s funny how so many topics once deemed to be “Tinfoil Hat conspiracy theories” keep getting proven to be fact. Concern about Agenda 21, aka the United Nations’ plan for Sustainable Development(depopulation) is an example.
Agenda 21 was placed front and center before Americans last week in the form of Alexandria Ocasio-Cortez’ Green New Deal. Among its unrealistic goals, the Green New Deal aims to restructure the entire global energy economy within 10 years by completely “transitioning” the US out of fossil fuels and nuclear energy and into renewables, like wind and solar power.
What few will admit is that this plan implies genocide. As evidenced by the collapse of Rome and demonstrated repeatedly by successive societies, the halving of energy consumption leads directly to the collapse of human populations.
As a Bay Area forensic commercial real estate appraiser and expert witness, Rosa Koire observed how property owners in Northern California have been barred from using their own properties, making these cheap when the Government wants to acquire them for Eminent Domain.
While investigating this, Koire ran into Agenda 21 – or as she calls it, “The biggest public relations scam in the history of the world,” and how this global plan aims to break down economies and to depopulate areas considered to be rural or suburban, concentrating populations into larger cities.
“This is the plan. It’s the loss of our industry, our agriculture, our food independence. Ultimately, it’s the loss of our sovereignty, as a free nation…It’s social engineering…it’s the acceptance of what I call the ‘new poverty’.”
She covers the anti-human Senate Bill 1867, which brands the common people as “enemy combatants” in the eyes of the Government and she describes how Agenda 21 is being rolled-out – never by name – this is carefully avoided. Hence, the Green New Deal. Agenda 21 programs can be identified by their “communitarian” ethos and we need only look to the economic disaster now facing Germany to see what such anti-growth green economic policies have wrought.
As Koire points out, Agenda 21 is a global initiative being carried out locally. But there is hope on the horizon, in that the Yellow Vest protests have now begun to emerge in Germany, while they continue to rage in France. The Gilets Jaunes are a direct response to the implementation of such anti-human Agenda 21 policies.
Running Time: 35 mins
by Senator Fraser Anning
With the chances of a Labor government after the next election looking strong, it’s time to start looking at what this will mean for Australia.
For many people in their retirement years, the answer is going to be Treasurer Chris Bowen dipping his hand into their pockets to help himself to their cash.
Labor’s dividend imputation policy is a direct attack on people who have done the hard work to look after their own retirement rather than relying on the government for a pension.
“Dividend imputation” sounds complicated, but it’s simply a practice of not taxing the same money twice. If you own shares in a company – for example, in a self-managed super fund – then that company has to pay company tax on the profit it earns. You, as a part owner of the company, get a cut of that profit as a dividend from your shares – and without dividend imputation you would be paying income tax on that profit as well. The system is fair and reasonable, so of course the Labor party wants to change it. Their key complaint is that some people owe more in company tax than they do in income tax, so the dividend imputation doesn’t only offset their income tax but actually entitles them to a refund. But this is as it should be.
There is no reason why Carol should pay more company tax than Bob, just because she earns less. Indeed, this runs the opposite way to our intuitions. If one person must be taxed more, we feel, shouldn’t it be the person who earns more? But that’s not how the Labor policy works. The person with the higher income gets the full benefit of dividend imputation, while the person with less loses their refund. Labor frames this policy in class-warfare terms, saying they are addressing an “unfair revenue leakage” that puts a “greater tax burden on low and middle income working Australians”.
And it’s true that the people who benefit from the current system are wealthier than average. But that is in large part because they are older and have been working to get into that position their entire lives.
Building wealth over a lifetime is not simply a function of income. It is a function of fiscal discipline. Plenty of people of modest means manage to save a substantial nest egg, while plenty of others with high incomes manage to splash their cash away. We need our policies to reward those who choose not to go on that cruise, or to buy a smaller house, or to live with a cheaper car, so that they are able to support themselves in their old age. If we don’t, why would they make those sacrifices?
If we are just going to treat them as an ATM to be returned to whenever the government feels like it needs a bit more cash, then they might as well just spend their money on themselves instead of waiting for the government to come and get it. Then they can rely on the age pension like everyone else. And that is what will truly put a greater tax burden on lower and middle class Australians. Of course Labor doesn’t understand fiscal discipline, or the kind of people who exercise it.
What we need is policy certainty in this area. People make saving and investment decisions for their retirement over decades. They need the confidence that the rules aren’t going to be suddenly changed and the rug pulled out from under them when they actually get to retirement.
It seems unlikely at this point that the Liberal party will be able to pull its act together enough to prevent Labor from winning government. However, that does not mean that their misguided policy is sure to become law. A strong vote for Fraser Anning’s Conservative Nationals will give us the numbers in the Senate to be able to fight this attack on retirees – and more that are sure to come from an emboldened Shorten government.
Curse less and dam more
by Viv Forbes, science writer
Water conservation peaked in Australia in 1972 – our last big dam was Wivenhoe in Queensland built 35 years ago.
Elsewhere in Australia, water conservation virtually stopped when Don Dunstan halted the building of Chowilla Dam on the Murray in 1970 and Bob Brown’s Greens halted the Franklin Dam in 1983 (and almost every other dam proposal since then).
The Darling River water management disaster shows that we now risk desperate water shortages because our population and water needs have more than doubled, and much of our stored water has been sold off or released to “the environment”.
However, we regularly see floods of water being shed by the Great Dividing Range, most of it ending up in the Pacific Ocean, while somewhere to the west of that watershed is in severe drought.
Our ancestors had the prudence and the will to build great assets like the Tasmanian and Snowy hydro schemes, Lake Argyle, Fairbairn Dam and the Perth to Kalgoorlie water pipeline? What are we building for our children?
Politicians can pass laws or find money for games, stadiums, climate jamborees, study tours, gifts to foreigners, green energy toys and useless giant batteries. Canberra alone spends a billion dollars every day.
Our engineers know how to lay large pipelines over hundreds of km to export natural gas, and bore road and rail tunnels through mountains and under cities and harbours.
But we cannot find the funds or the courage to build a couple of dams on the rainy side of the Great Divide somewhere between the Ross River at Townsville and the Clarence River at Grafton and some pumps, tunnels and pipes to use and release it into the thirsty Darling River basin.
Someone is always cursing either droughts or floods.
We need to curse less and dam more.
Letter to the Editor
Billions of your dollars given away overseas for many decades where it is wasted on problems others created or used to buy other countries armaments – what for: This is Australia we need dams to protect us in droughts. We could have been drought proofed with many storage dams – instead politicians big-note themselves giving our hard earned money away damaging our country by deliberate neglect – our urgent needs are treated as unimportant second class. They are working against Australia’s needs, judge them by what they do. We do not have huge dams across Australia because they wasted our money.
Our farmers cannot continue, they are hurt and broken beyond belief, they have struggled for many decades despite government contempt – Low quality foreign food is on the way. Governments send ‘guess-perts’ who have no idea of farming to give bad advice — just another contempt.
There have been numerous investigated press reports of people waiting and dying trying to get medical treatment, because they gave your money away to cover other countries incompetent management – they are not our problem. We need new hospitals, schools, roads and railways but they are not being built because they treated us with contempt giving our money away.
We are in urgent need of new coal fired power stations, soon we will be unable to afford what little electricity is available, what then? Other countries signed the Paris Accord have or are building 3,534 coal Power Stations many using our coal. We have no new Power Stations planned, why – again we are being treated like the fools we have been by electing politicians who waste our money and neglect our urgent future needs for your children’s future.
Everyone, go and ask your local candidates to give you a written guarantee they will stop overseas aid and give Australia Aid, write/phone to editors and ask them to please support Australia and publish each candidates signed statement. Dear Editors how about your political impartiality – make Australia’s needs and our future your goal too. Create the biggest political fight ever seen for Australia’s future – it may be too late next time: Already too many broken futures, homes, families and suicides – no more – give us hope and a future to aspire too.
by Jim O’Toole
The Labor Party never learns. Again Far Northern voters have been treated as second-class citizens by Labor dropping in a senate candidate from the Gold Coast.
Nita Green and her wife Lacey have relocated to Cairns, joining the Labor Lower House do-drop-in candidate Elida Faith, much to the delight of Cairns Post reporter Chris Calcino who already has claimed a senate victory for Green.
It is understood Green has strong union support not for being a vocal advocate of same-sex marriage or the killing of unborn babies, because she is a union hack and will do their bidding in the senate if elected.
Cairns News has exposed wide-spread vote fraud which the ALP has orchestrated for 20 years or more. (https://wp.me/p2dFb5-2RR)
Investigations by Vote Australia have revealed the same-sex marriage plebiscite result was severely skewed by fraud after the Australian Bureau of Statistics admitted it found 248,000 fictitious names on the electoral roll.
The ABS did not pass on these bogus names to the AEC.
Vote Australia spokesman Lex Stewart said the real plebiscite result was ‘no’ in a similar proportion to the ‘yes’ vote.
Green’s support will be shored up by trade union rent-a-vote unless the Prime Minister forces the Australian Electoral Commission to clean up the roll and introduce ID provisions requiring voters to prove their identity when registering to vote at a polling booth.
The AEC reported 18,000 voters who voted more than once at the last federal election.
Postal voting ID requirements also should be strengthened, Mr Stewart added.
The Prime Minister has been warned by Vote Australia that the Liberal Party will be swamped by bogus voters in all marginal seats such as Herbert, which was stolen by the ALP at the last election by just 37 votes.