Category Archives: Banks
by Alison Ryan
AAP Fact Check fails on basic ‘bail-in’ facts says Citizens Party.
18 March 2022
AAP reported that it had fact-checked the claim that “The government can take any deposits in excess of $250,000 from your bank account and instead you can receive shares in the bank.” AAP Fact Check concluded: “False. The claim is based on opinions that have been investigated by a parliamentary committee and found to be unsupported.”
Readers may remember the One Nation Senator Malcolm Roberts’ Banking Amendment (Deposits) Bill 2020 Schedules 1 Amendments for the Banking Act 1959 – at http://classic.austlii.edu.au/au/legis/cth/bill/bab2020261/
The bill sought to amend the bank “bail-in” law snuck through Parliament on Valentine’s Day 2018 (with just eight Senators present). Malcolm Roberts’ Bill sought to close off a broadly-worded loophole, ie; “any other instruments”, so that its “conversion or write-off”—a.k.a. bail-in—provisions cannot apply to bank deposits. The Amendment was to provide clarification of terms and explicit reference to bail-in in relation to a deposit account, means to convert or write off the deposit account.
Senator Roberts’ Amendment Bill sought to ensure the legislation said what the government claimed that persons’ deposit accounts could not be bailed in.
It seemed a simple fix to gain certainty, but the government rejected the Bill.
Citizens Party says AAP should have contacted them, because it made a mistake in fact-checking the imprecise claims of a social media influencer.
The Dissenting report by One Nation Senator Malcolm Roberts is important reading and addresses the failures of the Senate Economics Legislation Committee Inquiry.
We have until 18 December to flood the Regional Banking Taskforce with submissions calling for a postal bank!
It is imperative that we get the attention of the Regional Banking Taskforce, and force them to recognise that Australians want solutions, not platitudes. That’s why the Citizens Party is calling on everyone who supports the postal bank policy to make a quick submission to the taskforce by the 18 December deadline and insist they support the postal bank option. The goal is to overwhelm this taskforce with calls for a postal bank. No exceptions—they need to hear from YOU!
Click here to watch A Way Forward For Regional Banking, in which Martin North from Digital Finance Analytics and Citizens Party Research Director Robert Barwick discuss the postal banking alternative.
Where to send your submission:
You can submit responses to this consultation up until 18 December 2021.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions may be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence.
Regional Banking Taskforce
Financial System Division
PARKES ACT 2600
by Lyndsey Symonds
The Central Banking Cartel and its ownership of both ZOG East and ZOG West has been visible for some time. Stephen Mitford Goodson, a former (non-executive) director of the South Africa’s Reserve Bank wrote two books about it published 2014. As one might expect he met with a series of unfortunate events.
These books are essential texts for the new millenium and all home schools:
A History of Central Banking and the Enslavement of Mankind and
Inside the South African Reserve Bank
The banks of the BIS Cartel are visible on the Moscow skyline. Rockefeller has owned Russia since the Bolshevik Revolution. Have a look at Astana.
The Cold War was just another psy-op like ‘the death of communism’, the collapse of the USSR and 9-11. Read : The Perestroika Deception.
The Soviet / Sino Axis is building Eurasia. This is the real NWO – of the universal soviet. Dugin’s Fourth Political Position finds expression in the UN 17 Sustainable Development Goals – signed off by all the corporates owned by the BIS cartel and run by Marxist agents impersonating governments throughout the Western world. It is the entire Revolutionary Network and corporate sistema that is the key to understanding this.
‘The Globalists’ are the Black Hat decoy of the Protocols of Zion 5.11. They are the Jubela, Jubelo, Jubelum of Operation Corona and multi-lateral partners with the UN. The best website that is tracking this is http://www.fitzinfo.net.
Their contributor Andy Sloan of St. Michael’s Sword (his Twitter) are getting the work of Aleksandr Dugin translated from the Russian. But more importantly, they understand it.
The New World Order referred to by NSW Liberal Health Minister and CHO is upon us. Will you be a part of it?
We everyone to watch this video regardless of your view.
We wonder who will actually take 15 mins to watch? will you just roll your eyes and say you don’t have time?
You are the ones that should watch it the most, if you still can’t see what is happening and you don’t stand for yourself, your children, grandchildren and great-grandchildren you will be sleepwalking them right into the pits of hell, don’t ever say you didn’t know or were not warned!!
by Lindsey Symonds
Yes, it is important to determine the question of who are the families of the sovereign money power that established the Empire of the City of London Corporation on its Joint Stock Co. of the Bank of England 1694. ( If only because all 193 UN member nations are today owned as corporate assets of their central banking cartel ). All of that is back on another post.
For me, this post from the part time Philospher opens up the more important question of : the Australians in heritage and founding stock. This nation of distinct Celtic, English, Scottish and Danish people which , as a population, became the founding stock of the Australian state from its beginnings in the UK penal colony of Botany Bay in the arrival of the First Fleet: 20 Jan 1788 . Who are these people established as convicts on this continent under the Admiralty Law of the UK and what became the British Empire.
The event of the transport occurred in the distinct time frame of English history when the Westminster system of law and government laid by St Edward the Confessor in the 10th century had entered into its mortal conflict with the sovereign money power based in The City of London Corporation. And even then, the older system was being extinguished. Even so, even at the end with all institutions entirely subverted, the last defenses of Westminster would prove very strong as we have seen in the last century and our own day.
Forget ideas about cutting the swell in the well known Old Bailey and stealing the loaf of bread and go back to the War of the Succession also called the War of the Three Kingdoms 1688 – 1746 (Culloden) – and its antecedent the English Civil War 1642 / Irish Confederate Wars 1641-1657. That is when Regime Change occurred in the nations I am talking about.
And here is the focus. Every nation (if it is a nation) and without exception has its own natural and spiritual aristocracy. This distinct group is not necessarily the king or the state or the nobility with position and title or whatever. But there are times in history when the events of the times will select for that particular group and cause them to stand and be recognized across all classes. Even centuries later in the pages of history written by their enemies they can be identified and seen for exactly who they are: the strongest bloodstock of the nation, the most based in their culture, law and traditions – especially their faith, the most resilient and determined against the foes of their nation, the most adaptable and canny. If their nation is defeated in war and their foes take possession by right of conquest – they are going to be the most ungovernable and hostile to the new regime.
These people are the natural aristocracy of the nation, any nation.
So in the War of the Succession, when usury became the basis of the economy and the Bank of England created a whole new landlord class with new fangled title deeds, the Commons of the new estates were closed (again) by Act of Parliament. The English who have been living in their parishes on those estates since the time of the Roman Empire were being impressed into the Navy or herded into the industrial slums or the collieries of the UK. But among them , there remained that distinct group of English who didn’t exactly accept the terms of the Parliamentarian surrender of 1688 and resisted the new normal by every means. They closed down sweatshops and fortified the shambles against the impressment gangs. Then there were the Irish – the whole nation under penal law – a tax on all lands, even every tool and implement of trade, even every window of every house. The wearing of the Green was illegal – a hanging offense.
Again, most people are going to do what they have to do to survive. But from among them, another and quite distinct group is also apparent. This is the group which goes their hangings singing rowdy songs wearing the Green, they organise themselves to seize the tax monies from the new landlord class and they continue to oppose the new regime. They haven’t surrendered either . And up in Scotland the story is pretty much the same. It matters not a jot that the Scottish Convention of Estates is now part of the UK and the Highlands are supposed to be surrendered after Culloden – where the Clans fought with no quarter. But for the government, the problem with the Highlands continued. In order to pasture the Cheviot sheep, the new UK landlord class had to clear the Highlands of its parishes and villages by fire, musket and sword. Inevitably they came into conflict with that distinct and particular group which makes it their responsibility to insure this is no easy matter for King Willie’s muskets. They ambush them in the bye-ways, kill the cheviots and generally make life hell for the new landlord class and their titles.
Thus, the natural aristocracy of England, Ireland, Britain and Scotland – bloodied but unbowed after the War of the Succession. What solution to the problem of the natural aristocracy of these nations might the UK have hit upon ?
Editor: We apologise for publishing the incorrect photo with this story – we are flat out trying to keep up with the thousands of emails and contributors articles and pictures and they inevitably become hard to sort.
Letter to the Editor
Let’s remember that the first concentration / death camps were built by the Empire of the City of London in the Boer War for the Boer women and children.
And who one might ask owns The City of London Corporation? Who owns the consols of the Bank of England from the time they bankrolled the English Civil War 1642? (It is officially a secret of the UK state as Stephen Mitford Goodson informs us Inside the South African Reserve Bank) Who owns the entire organisation of the Communist Revolution? Who owns the central banking cartel – with its foundation upon the Bank of England and its Apex in the Bank of International Settlements.
The Owners ultimately set up the Nazis in Germany for the invasion of Poland since Poland was the only nation that prevented the Red Army from invading Europe in force? German nation destruction was also on that WWII Agenda – all sides of which they financed.
Answer these questions correctly and you have poked The Squid.
“You must understand, the leading Bolsheviks who took over Russia were not Russians. They hated Russians. They hated Christians. Driven by ethnic hatred they tortured and slaughtered millions of Russians without a shred of human remorse. It can not be overstated. Bolshevism committed the greatest human slaughter of all time. The fact that most of the world is ignorant of this is ignorant and uncaring about this enormous crime is that the global media is in the hands of the perpetrators.” Aleksandr Solzhenitsyn.
No the global media is not owned by six corporations. These are merely holding companies with directorates interlocking to The Owners. Black Rock and Vanguard are merely holding companies for the entire corporate sistema of The Owners of the central banking cartel.
from Lyndsey Symonds
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?’
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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…