Category Archives: Pauline Hanson
The Senate Economics Legislation Committee on 14 February initiated an inquiry into the Banking System Reform (Separation of Banks) Bill 2019.
This landmark senate inquiry was ignored by big media which preferred sensationalising the dust-up between One Nation’s James Ashby and its former senator Brian Burston in the halls of the senate.
from Citizens Electoral Council
This is a major blow for the banks, which had assumed that the Hayne Report from the banking royal commission, which did not recommended structural separation, would be the final word on the issue—bank shares soared on the news they wouldn’t be broken up. They celebrated too early, however.
On 12 February, a week after Hayne’s report became public, Senator Pauline Hanson introduced into the Senate the same bill that Bob Katter had introduced into the House of Representatives in June 2018. This bill was carefully drafted by the Citizens Electoral Council based on the USA’s successful Glass-Steagall Act of 1933 and the updated “21st Century Glass-Steagall Act” bill currently before Congress, adapted for Australia’s financial system.
The bill separates traditional commercial banks that take deposits and make loans from all other financial activities. This solves the problems of both vertical integration—the gross conflict of interests involving banks advising their customers to buy products from other businesses the banks also own; and horizontal integration—banks mixing commercial banking with risky investment banking that puts customer deposits, and the whole economy, in danger. The bill also brings the failed bank regulator APRA (Australian Prudential Regulation Authority) under much tighter parliamentary control.
Bank separation has the support of most cross-bench politicians in Parliament, including the Greens, Centre Alliance, One Nation and independents. It is also supported by key backbenchers in all of the major parties. The Labor Party had said they would support it if recommended by the royal commission; however, sticking with that position is untenable. They know that Commissioner Hayne’s terms of reference forbade the investigation of “structure”, which Labor had intended a royal commission would have looked at. Also, even Labor’s senior statesman Paul Keating has strongly criticised Hayne for not recommending structural separation.
(Hayne’s recommendation against structural separation is a scandal: that section in his report includes a blatant lie, and experts familiar with public inquiries have accused Treasury of a “dirty trick” to rig the outcome in favour of the banks.)
The opposition to separation comes from the big banks, the discredited regulators which are captured by the banks, and the leadership of the major parties who take huge donations from the banks. The banks wish to keep the parasitical structure that has enabled them to amass huge profits, not only through gouging their customers but also through gambling with their deposits, which they use to underwrite their huge derivatives bets that collectively amount to more than $40 trillion. There is a revolving door between the banks and regulators: high-powered executives from banks take key positions in the regulators, such as ex-UBS chief John Fraser taking over as Treasury Secretary in 2013-18 and former senior investment bankers holding six of the nine positions on the executive of bank regulator APRA; and regulators retire to plum banking positions, such as former Treasury Secretary Ken Henry becoming chairman of NAB and former RBA governor Glenn Stevens joining the board of Macquarie Bank. And not only do the big banks donate to the major parties, but so does the Australian Banking Association which lobbies for them, as do the Big Four global accounting firms which audit the major banks and have a track record of covering up dodgy bookkeeping by banks all over the world.
Make a submission
This inquiry is the chance for the Australian public to force the debate on banking separation that the royal commission was not allowed to have. The Senate Economics Legislation Committee is taking submissions from the public, so every concerned Australian should make a submission.
Here are some points to note about the Glass-Steagall principle of full banking separation:
- It works, as proved by its success for almost 70 years (1933-99) in America;
- It ends the conflicts of interests of vertical integration, which is the only way to ensure the misconduct exposed by the royal commission can’t happen again;
- It protects deposits from the dangers of speculation, which boosts confidence in the banking system;
- It stops banks from diverting credit into unproductive financial speculation, thus making more credit available for lending to neglected sectors such as small business, industry and farming.
The submissions deadline is 12 April, but don’t delay—make your submission today!
How to make a submission
Written submissions can be delivered to the Committee in two ways: 1) by physical post; 2) online.
- Post your written submission to: Senate Standing Committees on Economics
PO Box 6100
Canberra ACT 2600
Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
Palmer offers $250,000 to candidates after Qld Nickel collapse left $300m in debts and 800 out of work
by Jim O’Toole in Townsville
The upcoming federal election will be a watershed for minor political parties yet Clive Palmer’s re-branded United Australia Party says it will run candidates in every Queensland seat in spite of the party scoring 4816 votes in the 2016 senate race.
The Palmer candidate in Herbert, the home of Queensland Nickel claimed just 315 votes in the Lower House.
The only attraction for potential pollies is the $250,000 enticement Clive has promised each candidate to spend on their campaign.
For one endorsed candidate in the far northern electorate of Leichardt, it was manna from heaven. Jen Sackley had been out of work but ‘white knight’ Clive, a life-sized remnant of the infamous ‘white shoe brigade’ rode into Cairns tossing around greenbacks like confetti.
Whatever else Clive has to offer remains obscured to the voting public except acknowledgment again he will split the conservative vote thus letting the communists of the Labor Party claw their way into government.
Like One Nation at the 2017 Queensland election, Pauline Hanson ran candidates in nearly every seat but got just one elected and handed the ALP seven south eastern seats and government compliments of her preferences.
Palmer will never attract the numbers of One Nation but even at two per cent he could affect the result in some marginals.
His candidates will be hard-pressed to recover their nomination fees which are repayable after gaining four per cent of the primary vote.
Clive’s recent adventures in Bulgaria visiting his fugitive nephew Clive Mensink should ensure his own campaign will be off the rails before it starts.
Two arrest warrants have been issued for Mensink to appear in the Federal Court in Brisbane over the collapse of Palmer’s Queensland Nickel at Townsville in 2016.
Mensink, the sole director of Qld Nickel when it collapsed, is the subject of an Interpol ‘blue notice’ which triggers a reporting mechanism when he crosses borders.
News Ltd last month revealed Palmer and nine others, including family members, had been making a social visit on October 1 to Mensink in Bulgaria.
News Ltd reported Mensink crossed a remote border on October 9 into Macedonia accompanied by his Bulgarian lawyer.
This border crossing, due to its remoteness was not flagged by Interpol.
Accompanying Palmer on his charter flight from Amsterdam to Bulgaria on October 1, were two witnesses in the Federal Court hearing into where Queensland Nickel’s money disappeared before its collapse.
Senator Anning Solid in Face of Anti-White Criticism, Again!
Speaking in response to the hysterical reaction to Senator Hanson’s motion which said “It’s ok to be white”, Senator Anning stood and defended the position to howls of outrage.
“Of course it is ok to be white. There is nothing racist about being proud of whom you are, if Senator Faruqi stood up and said she was a proud Muslim woman she would be hailed as a hero.”
“Conversely with any discussion or suggestion of being proud of being white, you are labelled a white supremacist or a Fascist- tired old labels the left attaches to anyone they disagree with.” Senator Anning said.
“The hysterical response to Government support for Senator Hanson’s motion today proves the point that there is most definitely a rise in anti-white sentiment creeping into Australian society.”
“Although Senator Hanson attacked my call for a predominantly European immigration programme in my maiden speech, I will always defend anyone who defends our national identity.”
“I was the only person who defended her position – the government is frantically trying to back pedal and her own senator Peter Georgiou was apparently urgently required elsewhere.”
“Today’s response has shown that there is anti-white racism and what we need in this country is some of my colleagues to grow an actual backbone” Senator Anning concluded.
United Nations sycophants of ALP, Greens and LNP decry Senator Anning’s remarkable maiden speech which is reproduced in full at the bottom of the page
The dominant left wing of national broadcaster, the ABC is frothing at both ends over Senator Fraser Anning’s maiden speech.
Cairns News has perused the speech and discovered it is not nearly as volatile as Pauline Hanson’s in the maiden speech stakes.
Brainless shock jock Senator Derryn Hinch, naturally a Victorian and ALP atheist Penny Wong have joined the choirmaster ABC along with the Jew, Josh Frydenberg, unremarkably spluttering the views of the Liberal Left.
It is a terrible blight on the jaundiced, national Marxist education system, that a supposed government Minister is unable to rely on normal comprehension to understand the meaning of Senator Anning’s quite acceptable speech.
Readers can decide for themselves but the new senator leaves us in no doubt a national referendum on immigration should happen quite soon.
Below is a statement from Senator Anning:
Senator Anning has dismissed criticism of his use of the words “final solution” in regards to immigration as an effort by the left to shut down debate.
“Claims that the words meant anything other than the “ultimate solution” to any political question is always a popular vote are simply ridiculous.”
“Anyone who actually reads them in context will realise this.”
“Some in the media and left wing politicians are simply afraid of the Australian people having a say on who comes here.”
“As I called for a plebiscite on the immigration mix, this baseless and ridiculous criticism is simply an effort to play the man and not the ball.”
“It is ironic that those on the left such as the Greens and some Labor who seek to criticise me are the same people who refused to support my efforts to stop Australia funding the Palestinian Authority which finance terrorist attacks against innocent Israeli women and children.”
To read the full speech click link – Maiden Speech – Senator Anning
Harry Palmer speaks candidly with controversially sacked Senator Rodney Culleton about his rise, fall and pending resurrection in the Australian parliament. How he placed the Senate and High Court squarely behind their created hurdles thought to silence this patriotic, independent politician leading the charge to restore your parliament to the people. This interview is without parallel, riveting in content while exposing the backdoor Rod has opened the establishment thought locked and sealed tight…Click here to hear podcast
Isis bomb plots thwarted in Sydney; still the Liberals, Greens and ALP allow 1000 ‘refugees’ a day to enter
Liberals, Greens and Labor do the bidding of the United Nations
Sydney is no stranger to terrorism, but when police bashed down the door of a Surry Hills terrace last Saturday night, there was something different in the air.
The Cleveland Street home, raided as part of an anti-terror operation, is in one of the city’s most sought-after locales — a place where inner-city trendies sashay from bar to bar.
For an operation like this to happen in a suburb adjacent to the Harbour City’s sparkling CBD, is unnerving.
But it was here, and at four other locations around Sydney, police claim to have cut down one of the most sophisticated terrorist blueprints ever attempted on Australian soil
Authorities will allege they stopped two plans: the first to blow up a passenger plane with an improvised explosive device (IED) hidden in luggage, and another to unleash a potentially deadly gas bomb.
The weekend’s raids and arrests have prompted dramatic police claims, including IS sending bomb-making equipment Down Under, and a man’s plan to secret an IED inside his brother’s luggage which made it all the way into the nation’s busiest airport.
Let’s go back to April
Police claim Khaled Khayat, who was charged with terrorism-related offences, was put in touch with an IS controller by his brother — a senior member of the terrorist group in Syria.
Sometime between April 13 and mid-July, police claim an IS operative in Turkey sent a “high-military grade explosive” to Australia, which Khaled Khayat or his co-accused Mahmoud Khayat used to create an IED.
Police will allege that by July 15, the IED was built and on its way to Kingsford Smith Airport, bound for an Etihad passenger flight to the Middle East.
Authorities claim the explosives were hidden inside a meat grinder that Khaled Khayat had placed in the luggage of his brother, who was unaware he had been made a mule.
Police allege it was Khaled Khayat’s intention for the IED to be taken onto the plane, but that it did not get past baggage check-in, and Khaled Khayat removed it from the airport and dismantled it.
The brother left Australia on the flight and remains overseas.
What do police believe happened next?
After the alleged first plot was aborted, police claim the group turned its attention to creating a toxic hydrogen sulphide bomb, after a directive from an IS controller.
Police will allege discussions were had about how to create the device, including the amount of chemicals to be used.
Preliminary discussions were allegedly had about where and when to use it, with closed crowde
d spaces such as those typical on public transport mentioned.
However, authorities also say no concrete plans were made and the device was not close to being functional.
Hydrogen sulphide, or “rotten egg gas”, is a pungent and deadly chemical compound.
Lakemba features again
On July 26, UK and US intelligence agencies tipped off their counterparts in Australia about the alleged plot, and subsequently, the New South Wales Joint Counter-Terrorism Team (JCTT) was alerted.
Police said they placed suspects under surveillance.
Around that time, authorities said they built a mock IED and tested whether it could get through airport security. It didn’t.
By Friday, July 28 the JCCT, which is made up of officers from the Australian Federal Police and NSW Police, was ready to go ahead with the raids, and the following evening, July 29, they pounced.
Four men were arrested as part of the operation, and five properties in Surry Hills, Lakemba, Punchbowl and Wiley Park were searched.
Police will allege they found components of the chemical dispersion device and precursor chemicals during the execution of search warrants.
On Sunday, a magistrate granted police extra time to charge the men using special terrorism powers.
They were given seven days to charge the four men, but on Tuesday, a 50-year-old man was released.
On Thursday evening, Khaled Khayat, 49, and Mahmoud Khayat, 32, were each charged with two counts of acts done in preparations for, or planning, a terrorist act.
They did not appear at Parramatta Local Court, where bail was not applied for and was formally refused.
Outside court, their lawyer Michael Coroneos said: “My clients are entitled to the presumption of innocence.”
The SSM plebiscite could have been hacked with a predictably skewed result. In any case Cairns News has a long-standing policy of ignoring the gender neutral campaign started years ago by the feminist movement, contemporaneously referred to as the ‘femminazi’ collection of dykes.
Canberra is infested with thousands in this clique. They sit in the multitude of offices found in the Prime Minister’s Department many drafting bills such as the SSM legislation which was passed yesterday in the Lower House.
This newsletter will continue to use the grammatically correct terminology of Mr; Mrs; husband; wife; de-facto; girl; boy; married couple; fisherman; waiter; waitress, ad infinitum.
Time after time Australia has been the guinea pig for the cultural revolution orchestrated by the United Nations and the
Dark Government which is largely unknown to the average Australian. The SSM continues the tradition paving the way for the seemingly normal people remaining on the planet. Every day Mormon lifestyles seem more attractive.
The growing fascism emanating from state parliaments will be evident to all when the Queensland ALP begins its legislative attack on the business and farming sectors during this term of parliament.
The campaign to restore the Upper House should begin in earnest drawing its members from the existing number of state politicians without adding any more. – Gil Hanrahan
Harry Palmer presents an update on David Walter’s day in the pantomime of Cairns court discrediting the establishment … Exposes Pauline Hanson agenda to parachute James Ashby into the senate seat unelected …. AWU raid by police to uncover Shorten’s fingers in the pie …. GETUP foundation member Bill Shorten format the Labor party Gestapo …. CLICK HERE to listen