Category Archives: Cashless Society
from CEC, Coburg
Sensational information has surfaced that an Australian Treasury delegation travelled to Europe in February for discreet meetings with European countries on how they handled their banking crises.
Former Coalition economics advisor John Adams made the revelation in a 31 March discussion with Martin North posted on their Interests Of The People YouTube channel, entitled “Scandal – Australian Officials Caught In Covert Banking Meetings”.
Adams attributed the information to an unnamed source, who spoke with both him and Martin North.
This information emerged following news.com.au on 19 March reporting Adams and North for their explosive analysis that Australia’s plunging property market could trigger a banking crisis that could spread overseas, “Australia could be ‘first domino to fall’ in next GFC”, in which they compared Australia’s housing market and banking system to that of Ireland before its crash in 2008. Adams followed this up with a top-rating appearance on Peter Switzer’s Money Talks program on 25 March to debate establishment economist Chris Joye on “Is Australia facing a house price collapse?”, in which he also made the comparison to the banking crises in Europe.
The Citizens Electoral Council can attest that Treasury has consistently denied the likelihood of an Australian banking crisis, despite the growing number of signs. Treasury’s claim that a banking crisis is “unlikely” is one of its excuses for opposing the need for a Glass-Steagall separation of banks.
So why would a Treasury delegation be holding covert meetings in Europe to consult on how to handle precisely such a crisis?
Don’t tell the passengers the Titanic is sinking!
As noted on the latest episode of the CEC Report, the Australian government has a policy of not telling the truth about the economy. Their logic is they don’t want to “spook” the market, or “talk down the economy”. John Adams has reported that government MPs have asked him not to speak out about the economy.
More to the point, according to Adams, one MP admitted they are anticipating a crisis, but hope it would be triggered by an international financial shock, so the government can have plausible deniability and not have to admit that their domestic economic policies, centred on inflating the biggest housing and debt bubble in Australian history, caused the crash.
This amounts to: “If we don’t tell the passengers that the Titanic is sinking, maybe they won’t blame us.” The regulators are even worse. Their attitude is: “If we don’t find out whether the Titanic is sinking, maybe it will stay afloat”! This is evident in Reserve Bank of Australia (RBA) deputy governor Guy Debelle’s statement in December 2018 that when it comes to assessing Australia’s record debt, “there is little to form a strong conclusion about how much is too much”. It is also evident in the recent revelation by analysts at Deutsche Bank that the Australian Prudential Regulation Authority (APRA), the bank watchdog, has understated mortgage debt by as much as 40 per cent! This is not incompetence from APRA, but a result of its see-no-evil, speak-no-evil approach to regulation, even to the point of ignoring systemic threats. APRA in 2007 suppressed an internal report by its research department that warned lowered mortgage lending standards by banks had created a bubble, in which defaults were rising and were on track to cause a banking crisis and recession. In 2010 APRA went one step further and disbanded its research department.
Two possible explanations for the Treasury meetings in Europe are: 1) a genuine desire to learn from their experience so they can spot a crisis coming and take action to avert it—unlikely; 2) an opportunity to assess the “bail-in” system that is in force across all EU member states, the Bank Recovery and Resolution Directive (BRRD), which authorises financial authorities to contain a future financial crisis by seizing savings deposits to prop up failing banks, so they don’t set off a chain-reaction collapse.
The Parliamentary Joint Committee on Intelligence and Security (PJCIS) has commenced a review of the Identity-matching Services Bill 2018 and the Australian Passports Amendment (Identity-matching Services) Bill 2018.The Identity-matching Services Bill 2018 will facilitate the exchange of identity-information between the Commonwealth and State and Territory Governments as agreed by COAG under the Intergovernmental Agreement on Identity Matching Services of October 2017. The Bill will authorise the Department of Home Affairs to collect, use and disclose identification information in order to operate the systems that will support a set of new biometric face-matching services
The Australian Passports Amendment (Identity-matching Services) Bill 2018 will amend the Australian Passports Act 2005 to make Australian travel document data available for the purposes of identity-matching services.The PJCIS Chair, Mr Andrew Hastie MP, said that “It is vital that a nationally-consistent approach to data-sharing is put in place so that law enforcement and national security agencies can use facial images to identify individuals in circumstances where they or others may be under threat”.The Committee intends to report by mid-May 2018.
Chair, Mr Andrew Hastie MP (Canning, WA) on 08 9534 8044 (Electorate office) or (02) 6277 4223 (Parliament House)
Further information about the inquiry can be accessed via the Committee’s website
The Committee invites written submissions to the inquiry to be received no later than 21 March 2018. Information on how to make a submission is available on the Committee’s website.
Both Bills will support the Commonwealth to meet its obligations under the intergovernmental agreement to deliver fast, secure identity-matching services and improve Australia’s national security, law enforcement, community safety and road safety capabilities.
Editor: It should be noted the Coalition of Australian Governments(state corporations) is not recognised by the Commonwealth Constitution of Australia. COAG’s validity is in doubt. So are its policy agreements between state Premiers whose lawful position is CEO of each corporate state.
This huge social experiment fits in with all other earlier technological surveillance leaps taken by Australian corporate government. This time around the United States will follow our lead to enable the financial oligarchy to complete the enslavement of the people, better known as the sheeple.
This massive information exchange has nothing to do with national security. It is all about people control and eugenics.
LNP VOTE WITH LABOR TO KILL RURAL DEBT REFORM
State Member for Mount Isa Robbie Katter has slammed the LNP for supporting Labor to vote against a real solution to address rural debt.
In a parliamentary session that went into the early hours of Wednesday morning the KAP’s Rural and Regional Adjustment (Development Assistance) Amendment Bill was denied a vote in the House through the blocking of a motion put forward by Robbie Katter.
“The motion was put forward to enable the Parliament to adequately consider and vote on a solution that would’ve seen a new lending mechanism established to address the shortcomings in QRAA’s current activities”
“Each member of the crossbench voted to allow the motion to be heard but it was the major parties who didn’t allow it. It’s unbelievable that they would so blatantly work together to stifle a minor party Bill.”
“With so much public disappointment in partisan politics it’s ironic that the only thing the major parties can agree on is limiting consideration of minor party Bills”
Mr Katter highlighted the amount of consultation and analysis that went into the KAP’s Bill and expressed his disappointment at the behaviour of the major parties.
“The LNP not only supported Labor’s Bill over the KAP alternative, they actively worked to restrict debate and consideration of the KAP Bill”
“The LNP and Government used every excuse in the book to avoid undertaking a difficult reform. They even used banking regulations as an excuse. Do they forget where here to change laws and regulations? If I told my constituents that I wasn’t prepared to undertake legislative reform because of a regulation I wouldn’t deserve to represent them”
“For me, the genesis of this Bill was during the term of the Newman Government, which shows that this has taken years of stakeholder discussions, industry forums, community and local leader’s input,” Mr Katter said.
“Through the Rural Debt and Drought Taskforce that I chaired in this parliament it was clear that the debt problem is massive and that a significant response from the Government was required to address it”
“However what the Parliament has achieved is an ambulance at the bottom of the cliff. A farm debt mediation mechanism doesn’t solve the debt problem it just ensures that when the problem has finally caught up with a producer they can shut their business efficiently”
KAP’s legislation was designed to address not only the cattle industry, but also the viability of our rural towns.
“We need ways of stimulating the economies of the rural towns that rely on agriculture. Rather than using blunt funding programs to create short term employment, why not invest in reconstructing the core industry so longer term organic growth can be delivered”
Mr Katter expressed disappointment at the Government and Opposition’s “hands-off” approach to supporting a key Queensland industry.
“In 2015, I thought the Palaszczuk Government was serious about identifying solutions to address rural debt issues with the formation of a Rural Debt and Drought Taskforce. I was wrong. Just like the Opposition they prefer to leave it to the “market”. This approach has delivered a declining sugar industry, a decimated dairy industry and some of the most expensive gas and electricity in the world.”
“Government’s “intervene” in markets all the time. Between the Clean Energy Finance Corporation and the Australian Renewable Energy Agency there’s about $5 billion worth of low interest loans to help stimulate the industry. However when it comes to supporting agriculture, and particularly family enterprises, the Government doesn’t want to touch it”.
“The rural community right throughout the State should be angry that a significant proposal to benefit people doing it tough and earning a living in regional Queensland would be stymied and watered down by both major parties.”
14 February 2017: Today KAP Member for Kennedy, Bob Katter delivered a Question without Notice in Question Time to the Minister for Communications about the $5.6m pay packet for the CEO of Australia Post – Ahmed Fahour.
Mr Katter’s Question raised Mr Fahour’s pay; the cost of postage doubling to $1 a letter; and the $2.8m pre-tax donation it is reported that Australia Post “mutually agreed” to give to the Islamic Museum of Australia, founded by Ahmed Fahour’s brother Moustafa Fahour, when in the same year 900 Australia Post staff were sacked. Mr Katter asked the Minister for Communications:
“Australia Post’s CEO pre-corporatisation received $360,000, Ahmed Fahour the current CEO enjoys $5.6 million.
France’s Postal Services CEO receives $1m whilst the United States CEO only $550,000.
Pre Fahour stamps cost 50c; now $1.
Minister, no more Christmas cards.
In 2014 Australia Post sacked 900 staff. In the same year, Mr Fahour’s Australia Post donated $2.8m to his brother’s Islamic Museum.
In light of Ahmed’s Australia Post’s generosity, Minister, could I get $30,000 to repair the Catholic Church in Julia Creek?”
On appointment in 2010 Mr Fahour was paid $2,086,710. This salary package has almost tripled in 6 years to $5.6m.
Mr Katter has highlighted exorbitant CEO pay as a consequence of privatisation and deregulation; and it is not limited to Australia Post.
“The case was strongly pleaded by Lance Hockridge, to privatise Queensland Rail. Mr Hockridge was the then CEO and as a senior public servant would have been on around $250,000 a year. Within a few years after privatisation he was reported to be paying himself a package in excess of $6m a year, for exactly the same job.
“According to the Australian and the Daily Telegraph with one article titled ‘Happy Dragon’, assuming these stories are accurate, it would mean Gail Kelly had received $77m in 8 years, between 2002-2009. “Happy Dragon indeed, but where is St George?” Mr Katter asked.
“Sol Trujillo for little more than 3.5 years at Telstra was paid $40m. Ben Butler at the Courier Mail said ‘complaints had a 241% increase in three years during Trujillo’s reign at Telstra’. Before he arrived at Telstra share prices were $5, when he left they were $3.
“Piketty in his landmark book, stated clearly that the world’s wealth now is going to the managerial class, which effectively sets their own wages. He makes the point that 100 years ago the world’s wealth was going to the owner class, the Carnegies, the Fords, the Rockefellers. People who risked their own money and built the motor vehicle industry, the steel industry, the American railways industry.
“It is now going to a class of people that really produce nothing. Particularly in Australia’s case they simply cut workforce numbers and send the jobs overseas. Then pay themselves an extra $1m a year for closing down an Australian industry. “They cry out for foreign investment, which of course means CEOs pay themselves increasingly more. Until now we reach the point where the only thing we export are jobs.
“Essington Lewis who created the biggest company on earth BHP, an Australian company, when he died he had an estate of $1.7m. In today’s terms an estate worth a measly $2.4m, which would not buy you a decent home in Sydney today.
“Essington Lewis, Les Thiess (coal), Lang Hancock (iron ore), Laurence Hartnett (motor vehicles) all died with very little money. Their riches were in another treasure chest which, please god, they are enjoying now.
“Their riches were what they gave to their fellow Australians. That was how those men measured their wealth”, Mr Katter said.
Yesterday in Federal Parliament of Australia, KAP Member for Kennedy Bob Katter moved that majority foreign owned interactive gambling agencies be barred from operating in Australia.
Mr Katter moved an amendment to the Interactive Gambling Amendment Bill 2016 that any company that is majority foreign owned is not eligible for registration as a gambling agency in Australia.
Mr Katter said “I voted by myself on the amendment. At the present moment with gambling in Australia, the money is going overseas. I lived in an era where every single dollar (except if you went to a racecourse) — every single cent went into health services for the people. Now most of it is going overseas.
“If the proposition was put to people, do you want the money to go overseas or do you want it to go into health services for Australians, or to help our struggling retirees, or our single mothers trying to make ends meet with three children? I think 80 or 90 per cent of Australians would vote with me, yet I am regarded as the minority.”
The Bill Amendment is as follows:
Interactive Gambling Amendment Bill 2016
23B At the end of section 5
(4) Despite subsection (3), a gambling service covered by subsection (1) is a prohibited interactive gambling service if the service is provided by a person who is:
(a) an individual not resident in Australia; or
(b) a corporation that is majority foreign-owned.
[majority foreign-owned providers]
Dear Prime Minister,
Writing to you appears to be a waste of time, but nonetheless I think you should listen to what I am about to tell you. In 1965 without a referendum as prescribed by S 128 Constitution the Parliament of the Commonwealth introduced Decimal Currency. In 1966 without a referendum courts of Judicature were abolished in Bankruptcy jurisdiction and Star Chambers introduced at the option of a Judge. ( S 30 (3) Bankruptcy Act 1966. One David John Walter of Herberton Queensland has been made Bankrupt in one of these Star Chambers probably by a Registrar. He says he cannot be made bankrupt for a Costs Order expressed in Australian Dollars. S 3 Australian Constitution, prescribes the Salary of the Governor General SHALL by paid in pounds.
Prime Minister Malcolm Turnbull and wife Lucy, arrive at Kinselas to enjoy the Sydney mardi gras parade.
Picture: Kristi Miller, Source:News Corp Australia
Since the Salary of the Governor General has not been paid in Pounds, since 1966, he argues that the Governor General has not been legitimately employed, and the whole system of Government has become corrupted by this error. He argues that NO Legislation since 1966 has been legitimately approved by any Governor General because none of them have been paid in legitimate currency. Notwithstanding that, the fraud industry in Bankruptcy must be addressed. I have been pushing for this since 1993, and made a vexatious litigant for continuing to do so. Telling the truth is vexatious to some.
David John Walter tried to have the Federal Court of Australia Judicially Review the possession order against him issued by a Star Chamber in Queensland. A State Star Chamber and the Federal Court of Australia says they have no jurisdiction to do so. You should get an Officer of the Australian Federal Police to attend the Brisbane Registry of the Federal Court of Australia and point out to them that S 39B 1A (b) Judiciary Act 1903 written in the language of the Law, English, gives them original jurisdiction to entertain this Appeal under S 2 Judiciary Act 1903. The definition of appeal is also written in English.
By claiming No Jurisdiction the Federal Court of Australia has offended S 43 Crimes Act 1914, ( Cth). A measure introduced in 1914 and tested in the High Court in 1915, in Kidman V The King, to guarantee the integrity of courts of Judicature. This is what the Australian Federal Police Officer should point out and advise that this law is still in force, and has been increased to impose ten years jail on an offender. I am aware that the fertiliser will hit the ventilator over this. However I would advise a referendum to normalise the currency before embarking on the adventure of a Double Dissolution. Due to this endemic corruption I am dependent on the Age Pension. I should be a very wealthy man. Along with millions of others. I am very frightened of its ramifications, but no one should have to endure what I and David John Walter have had to put up with.
Peter Alexander Gargan
Letters to Editor
The Zionist Jews for years are rumoured to have their own very well equipped Jew army in Sydney and Melbourne. They have got millions of dollars worth of the best weaponry. They hold their clandestine meetings in a Frank Lowy complex ( Westfield Centres ). Successive Australian Federal Governments have allowed them ( the Lowys ) to control the substantial Temora Air force facility. The Temora locals think it’s great – it brings jobs and tourism. They are ready to move and takeover. They’re ready to pounce, like they did when they took over and massacred 100s of thousands of simple living Palestinians in their own country, like they did when the New York Jew funded Jews took over Russia in THEIR ” revolution” and then proceeded to massacre 66 million Christians over the next 38 years. They have their plants at the top in every government department ( ASIO, ASIS, Signals, Police forces, Australian defence forces, every conceivable government funded body and major company ). They control government policy through bodies such as the Lowy Institute and ALL the other Jew funded institutes and all their politician bribes. Bob Hawke Jew funded Rhodes ” scholar “, Tony Abbott Jew funded Rhodes ” scholar “, Malcolm Turnbull – Jew, Josh Frudenstien – Jew and you wonder why Australia has been sold out. For the whole of my 72 years of life Australia has been sold out by these traitor arseh—s. Most of them lawyers and do they know how to rob Australians blind.
The Australian Broadcasting Commission’s head office in Sydney has been run by the Jewish faction for three decades: Editor
When a US Senate committee alleged Frank Lowy, 84, concealed $US68 million from the Australian Tax Office in Liechtenstein, Lowy said he had given the money to Israeli charities and insisted he had met all his tax obligations. As an Australian parliamentary committee prepares to question the Tax Commissioner this week, Middle East Correspondent Jason Koutsoukis explores Lowy’s strong links with Israel.
Billionaire shopping centre owner Frank Lowy and FFA Chairman falls off the stage at last year’s A- League Grand Final presentation in Melbourne
When the next financial crisis comes – the big banks could save themselves by stealing right out of your checking account. Banking expert Ellen Brown, Public Banking Institute/Web of Debt/The Public Bank Solution will explain how in Conversations with Great Minds.