Category Archives: Banks
Cairnsnews will be publishing a series of reports, perhaps nostalgic for older Queensland readers but what we are exposing from the 1970’s, 80’s and 90’s until the present day is the extent of corruption between government, police, public service, big business and the unions. Queenslanders dropped their guard after the Fitzgerald Inquiry, which, incidentally did not go near the drug trade thinking we would go on to live in a somewhat sanitized society. Cairnsnews can reveal that nothing changed after the socialist Labor Party took over government in the early 90’s and in fact the Marxists made corruption and voter fraud an art form. Just ask the present Premier about her cosy relationship with the medical mafia, a part of which her father manages. On it goes, nothing has changed since Tony Fitzgerald waged war with crooked cops and politicians. This is the first of a series of Queensland the Corrupted State.
by Des O’Neill
When it comes to the bags of cash kickbacks, the Fitzgerald Inquiry made a big thing (and so they should have) of old Joh Bjelke-Petersen receiving bags of $50,000 cash.
Immediately after Fitzgerald the CORRUPT EVIL ALP made an ART FORM out of corrupt bags of cash only they now call it CONSULTANT’S FEES.
You see what was happening was that small business individuals, wishing to establish in QLD, could apply for a GOVERNMENT sponsored loan. If they approached their local ALP Member, they were told there was a upfront CONSULTANTS FEE of $50,000.1 billion
In 1996 after the GOSS ALP administration had been in power for six years the bad debt for QIDC (Queensland Industry Development Corporation) blew out to $962 Million. (YES THAT’S ALMOST 1 BILLION DOLLARS). Some of this bad debt was part of the old Nationals pre-Fitzgerald loans for mates scheme (which were never paid back) BUT THE BULK OF THE BAD DEBT MONEY WAS UNDER THE GOSS ADMINISTRATION.
What was happening was the SO CALLED CONSULTANTS FEE was going onto the top of the loan. e.g. Say the loan was for $500,000 add on the Consultants Fee which would make the total loan $550,000.
Now in 1998, when the BAD DEBT had blown out to $962M and QIDC was being wound up and merged with SUNCORP and it was floated. So what happened is that the Qld Auditor General, Len Scanlan wanted to engage a team of 24 auditors to go through the QIDC bad debts and recover as much of that debt as possible. Scanlan had the 24 positions all ready to advertise (in Govt. Gazette) however Peter Beattie over-ruled him.
Beattie retrieved the QIDC file off Scanlan and sent it onto an accountant, who just happened to be a former QLD ALP MP. This individual wrote a recommendation on the QIDC bad debt and it was forwarded to Deloitte for a final recommendation.
Guess who was Chairman of Deloitte at the time? It was none other than Wayne Goss. Of course the final recommendation came back that the whole bad debt be written off as unrecoverable.
What the Auditor General didn’t know, that if his auditors started digging through the QIDC bad debt files, is that the so-called $50,000 CONSULTANTS FEES would come to light. BUT BEATTIE OBVIOUSLY KNEW. The Nationals were quite happy to see the QIDC saga finally put to bed as it got rid of the mates loans saga. As for SUNCORP they had to take on the bad debt as QIDC (all $962M) was merged with them.
From information given to me, they were very unhappy about this obviously affected the value of SUNCORP’s float when it was publicly listed. As for the $50,000 consultants fees, it wasn’t going to the QLD ALP. It was going into politicians back pockets. Of course, the ALP bagman who collected the cash was Bill D’Arcy. Now what happened in early 2004 was that I met a small businessman, who wanted to start up a new small business in about 2003. He approached his local ALP MP for government support. He was told that there was an upfront CONSULTANTS FEE of $50,000.
This guy was honest and balked at that and soon dismissed the whole idea. He told me that about a week and a half later he received a phone call from another local ALP MP, who really put the weights on him for the $50,000. The businessman told me he was considering taking the whole matter to the CMC (QLD’s Crime and Corruption Commission at the time).
I told him he couldn’t do that, as it was equivalent to taking it to the ALP Headquarters in Peel Street, South Brisbane and getting them to investigate themselves. That’s how bad they (CMC) are! I further told him he was putting his life in danger by going there on an issue like that.
Funny thing about the ALP BAGMAN is that they (ALP) had to find a new one, because D’Arcy was in jail for paedophilia.
I know who that is (from the small businessman) and they (ALP) certainly looked after him.
He lost his seat in the ALP wipeout in 2012 and he now holds a senior position at a university.
What is needed is a Federal Royal Commission to clean up this corrupt mess of financial corruption and paedophilia. There is ample Federal jurisdiction for this.
Letter to the Editor
Earlier this evening I did an online payment of five k to someone I know in australia. Westpac decided it was a scam and called me, left a message and asked to call them back as the payment had been suspended. After waiting twenty minutes online I answered all their security questions, assured them the payment was gong to someone I know and there were no problems as far as I was concerned. What is the money for she asked? That’s none of your business I replied. It’s my money and how I choose to spend it is my business no one else’s. It went down hill from there fairly quickly…she refused to put the payment through and said any further payments would just bounce back into my account. I have now been suspended from accessing my account online. A couple of other women have said recently that they have been questioned by branch staff when withdrawing cash as to what it was for and not being allowed access without giving a reason. Has anyone else had this problem…is it a certain demographic they are targeting…what is going on?
Commonwealth Bank, ANZ, Westpac, St George, Bank of Melbourne, Macquarie Bank and Bank SA. customers have been hit several times by a nationwide outage, with widespread reports of people being unable to pay for shopping or access accounts.
CommBank, Australia’s largest, confirmed the outage in a social media post on Tuesday morning.
Overseas banks have reported similar problems over the past few months which media commentator Charlie Ward says is testing for the switch across to the new, global Nesara financial system.
The outages also hit airline Virgin Australia and Australia Post and a broad swathe of other companies.
“Virgin Australia was one of many organisations to experience an outage with the Akamai content delivery system today,” Virgin said.
“We are working with them to ensure that necessary measures are taken to prevent these outages from reoccurring.”
Akamai is a US-based global content delivery network or “edge platform”, cybersecurity and cloud service provider.
ANZ acknowledged a similar issue and said “at this stage we do not have an ETA for a fix, please try logging on after an hour”.
Customers reported being unable to use internet banking, mobile banking, as well as some ATMs and cards, from about 2.10pm, according to Down Detector.
Shortly after 3pm (AEST), Commonwealth Bank tweeted that it was aware some customers were “experiencing difficulties accessing our services and we’re urgently investigating”.
“We apologise and thanks for your patience, we’ll provide an update soon,” it said.
If I give you $1 billion and you stand on a street corner handing out $1 per second, twenty four hours a day, seven days a week, you would still not have handed out $1 billion after 31 years!!
Now read on.
A VERY BIG NUMBER
This is too true to be funny.
The next time you hear a politician use the word ‘billion’ in a casual
manner, think about whether you want the ‘politicians’ spending YOUR tax
A billion is a difficult number to comprehend, but one advertising
agency did a good job of putting that figure into some perspective in
one of its releases.
A. A billion seconds ago it was 1959.
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were living in the Stone Age.
D. A billion days ago no-one walked on the earth on two feet.
E. A billion Dollars ago was only 13 hours and 12 minutes, at the rate
our government is spending it.
Corporate Income Tax
Fishing Licence Tax
(tax on top of tax)
Service charge taxes
Social Security Tax
Vehicle Licence / Registration Tax
Vehicle Sales Tax
Workers Compensation Tax
Carbon Dioxide Tax
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 60 years ago and Australia was one of the most prosperous countries in the world.
That is until federal and state governments corporatised every government department and Whitlam removed the Crown at the request of the Deep State Cabal.
Notably later on when PMG/Telecom was sold off by the Liberal Party, politicians profited immensely by getting kickbacks from the Deep State. Cairns News has been told of this corruption by MP’s of the day who were offered but refused huge cash or in kind payments to support the sale of Telecom in Parliament.
Not so long ago we had absolutely no national debt after the world’s greatest treasurer, Liberal Peter Costello emptied the vaults of 137 tonnes of gold.
We had the largest middle class in the world.
Mum stayed home to raise the kids.
Dad and teachers were allowed to discipline kids.
A criminal’s life was uncomfortable.
‘Political Correctness’, ‘Corrupt Politicians or both?’
Click above and sign petition
On Tuesday 13 April Christine Holgate will speak publicly for the first time, at a hearing of the Senate inquiry into her removal. For a reminder of what is at stake, watch this short clip of Christine Holgate in 2018 announcing the banking deal with CBA that saved community post offices, jobs, and the regional communities that rely on post offices for banking services. Without this deal…
Banks forced Liberals to sack Christine Holgate, best ever Post Office CEO – Katter calls for reinstatement
KAP Federal Member for Kennedy Bob Katter, a staunch supporter of former Australia Post CEO Christine Holgate since her unethical dismissal last year will move in the Federal Government a motion to reinstate her as CEO.
He praised her integrity and perseverance in defending her decision to purchase Cartier watches as a reward for key employees securing long-term, profitable banking services which ensured the longevity of Australia Post branches around the country.
“The most successful and honourable businessmen I have ever had the pleasure of being a friend of, Marcus Blackmore, the great innovator in medicinal supplements had Christine for a long period as his Chief of Staff and he swears by her integrity and her competence,” he said.
“I cannot say how much I admire a person that cut her salary in her job down to that of a departmental head in a state government department. This is one of the largest operations in the country and she is the only CEO in Australian history that I can think of that reduced her salary down a fraction of what it had been under her predecessor.
“It is the first time that post offices have spoken positively about their CEOs of Australia Post and she gave them hope for the future. She had worked with owner/operator pharmacies which are owner/operated by law (albeit with corporate oversighting) and she was determined to keep the owner/operator model – clearly the most successful model which guaranteed local ownership throughout the suburbs and regional towns of Australia.
“Quite frankly she should had been sacked if she hadn’t given these star-performing, hardworking employees a bit of reward for their efforts.”
Mr Katter said, “Call me paranoid but I just can’t get it out of my head that the banking agencies were working so well that the banks were getting toey that there might be another powerful banking player in Australia. The last thing they want is any further competition, particularly from an organisation that has branches in every suburb and town in Australia, places they have long since abandoned.
“Christine has extraordinary capabilities – you don’t run a multi-billion-dollar corporation like Blackmores if you are a fool – was in her vary nature, threatening on the banking front. And a rabid free market government in Canberra whether LNP or ALP except for Rudd, I can’t name one of them that is ideologically bound to a free market mentality, has made continuous efforts to prioritise one of the last assets the Australian people own. Everything has been sold off with the vast bulk in the hands of foreigners.
“Christine did not strike me that she would agree to sell off the magical asset of Australia Post and/or bow to the whims and interests of the banks whose record was so bad that each of the banks did a huge backflip and apologised for their conduct.
“Well now we know the truth. We know now we have been misled and we know now who has misled us.
“We will get a vote in the Parliament and she will be reinstated. And if the Government doesn’t do that, then the way it is headed at the present moment, it will just be another nail in their coffin.”
Deflecting blame, Prime Minister Scott Morrison said today her dismissal is now the subject of a senate inquiry.
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: firstname.lastname@example.org Senator Rex PatrickPh: (08) 8232 1144Email: email@example.com Senator Stirling GriffPh: (08) 8212 1409Email: firstname.lastname@example.org
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.
Today marked one of the most important days in the Australian Parliament’s history with the passage of legislation to support the Morrison Government’s $130 billion JobKeeper Payment.
This unprecedented level of financial support will save millions of jobs and keep families together, businesses in business and preserve the productive capacity of the Australian economy.
The $1,500 per fortnight JobKeeper payment is the equivalent of about 70 per cent of the median wage and represents about 100 per cent of the median wage in some of the most heavily affected sectors, such as retail, hospitality and tourism.
It will be available to full-time and part-time workers, sole traders and casuals who have been with their employer for 12 months or more. Importantly, it will apply to the many Australians working in the not for profit sector.
Combined with the Government’s previous actions, this totals $320 billion or 16.4 per cent of GDP in economic support to Australian businesses, households and individuals affected by the Coronavirus puts Australia in the best possible position to bounce back stronger than ever.
Eligible businesses can apply for the payment online and are able to register their interest via ato.gov.au
Did Trump just nationalise the Federal Reserve?
by Alexandra Bruce
Special Purpose Vehicles (SPV) devised by the Trump Administration will enable the Treasury to finance his $2 trillion Coronavirus stimulus package WITHOUT INTEREST.
Where did Australian Prime Minister Scott Morrison find $130 billion at the drop of a hat to fund the Coronavirus economic stimulus package for struggling Australia?
The video ‘The Goldfish Report’ on forbiddenknowledgetv.net is the most informative yet about the world monetary system.
NESARA, which stands for the National Economic Security and Recovery Act was conceived by Harvey Francis Bernard, who held a doctorate in Systems Theory that he applied to economics.
On his deathbed in 2005, Harvey Bernard heard claims about NESARA and denied NESARA had been enacted into law.
But here’s where it gets REALLY crazy: The title of Bernard’s NESARA proposal is Draining the Swamp: Monetary and Fiscal Policy Reform.
One of Trump’s top three slogans is associated with all of the craziness above – and we are living it now!
Godfather of the Rothschild banking cartel, Mayer Amschel Rothschild said, “Give me control of a nation’s money and I care not who makes the laws.”
In a recent Bloomberg article, ‘The Fed’s Cure Risks Being Worse than the Disease’, Jim Bianco explains what is now happening with the Federal Reserve Bank in their response to the coronavirus. He writes, “This scheme essentially merges the Fed and Treasury into one organization, so meet your new Fed Chairman, Donald J Trump.”
Did President Trump just nationalize the Federal Reserve Bank?
On June 4th, 1963, President John F Kennedy issued Executive Order 11110, which many believe was an effort to transfer power from the Federal Reserve Bank to the United States Department of the Treasury by replacing Federal Reserve notes with silver certificates, thereby taking the power away from the international banking cartels. Less than six months later, President Kennedy was assassinated and his move against the Fed was reversed.
During the Civil War, President Abraham Lincoln printed $400 million worth of Greenbacks, a debt-free, interest-free money, independent of international bank control. In response, the London Times wrote that, “If that mischievous financial policy, which had its origin in the North American Republic should become indurated down to a fixture then that government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
The bankers were not willing to lose power and the Bank of England went on to fund the Confederacy. Weeks prior to Lincoln’s assassination, assassin John Wilkes Booth spent time in Montreal, known as the “Confederate capital of Canada” and was found after the assassination with a banknote from Ontario Bank. Booth’s personal manager, was banker, Joseph Simonds. After Lincoln was killed, power was restored to the international banking cartel.
The National Economic Security and Recovery Act, known as NESARA was a set of proposed economic reforms suggested during the 1990s by Harvey Francis Bernard. Bernard created the NESARA proposal during the late 1980s. He sent copies to members of Congress but was ignored. In 2001, he established the NESARA Institute and published the second edition of his book in 2005, re-titling it, ‘Draining the Swamp: The NESARA Story Monetary and Fiscal Policy Reform’.
The policies included replacing the Income Tax with a National Sales Tax, abolishing compound interest on unsecured loans and returning to a “bimetallic currency” (gold and silver), which he claimed would result in zero percent inflation and a more stable economy.
There is a big buzz on the Internet that President Trump is implementing this plan. There is also speculation that this is part of a huge global economic reset, GESARA to be decided at the international World Court of The Hague. If this is true, certainly this decision has been decided years ago and we are just now feeling the effects.
The Coronavirus scare is beginning to look like a false alarm but the reaction is looking just like a false flag and it seems that when we come out the other end of this the world will be different.
Please go to these videos at forbiddenknowledgetv.net and support the author by hitting the donate button on their site.