Federal Member for Kennedy
Will address the Press Gallery at the
Mural Hall, Parliament House
12 pm Today 05/03/20
The LNP/Labor duopoly strikes again-gone will be your savings under the Bail-in laws as soon as interest rates hit zero. The banks, thanks to new laws passed by the LNP before Christmas can take your savings from your bank accounts to prop up their viability in the upcoming depression enabled and orchestrated by the trojan horse Coronavirus pandemic. Remember the Greek banks stole the deposits of their customers three years ago.
Most intelligent Australians know this $10,000 cash ban has nothing to do with curbing drug dealers’ cash flow. It is all about control. Scomo has been compromised by Hillsong church activities and is simply doing the bidding of the City of London for the New World Order. – Editor
Mr Katter will purchase gold bullion with more than $10,000 cash ($40,000 of gold and cash will change hands); an act that will soon be illegal under proposed laws.
The implementation of the Restriction on Cash Bill, currently before the Senate, significantly abolishes our right to “Legal Tender” – a right enjoyed for a millennium. Property rights and privacy are undermined.
When facing uncertain economic times, as we are now with the Coronavirus, Australians will be restricted from withdrawing their life savings (When such savings are under real threat).
Bob Katter, MHR said ‘big brother’ was getting more and more powerful after a Senate inquiry recommended a Bill banning cash payments over $10,000.
“This would be absolutely disastrous for the senate to pass this at a time when people are trying desperately to get their money out of the banks and financial institutions,” said Mr Katter.
“If this passes and you want to get your money out of the banks you simply won’t be able to.”
Mr Katter said the Bill would have dire implications for small businesses during natural disasters when people are unable to use Eftpos due to power and internet outages.
“If you are running even a very small business, $10,000 a week is not an unreasonable figure. During Cyclone Larry Eftpos was down for more than a week,” Mr Katter said.
“It is extraordinary that the Government would consider such an intrusion and destruction of basic human rights and privacy.
“The Parliament has sold the entire nation off to foreign corporations, they’ve bankrupted agriculture and now this is the next step.
“In China there is one CCTV camera for every three people and they are now incorporating facial recognition. In Australia the only people who have guns are the people in uniforms.
“In the famous novels A Brave New World and 1984 they had two way cameras in every household. Well, now we aren’t too far off from that.”
Queensland Katter MP, Nick Dametto said the limit on cash payments would be another assault on Australians’ freedom to be able to conduct legitimate business in a manner of their own choosing.
“This has been sold to us as a way for the Federal Government to control tax evasion but in reality all it does is give way to more control from the major banking corporations,” said the Member for Hinchinbrook.
“Australian currency is owned by the people, not the banks, and it should not be up to the Federal Government to decide how you spend it.”