hits
counter
Citizens Electoral Council of Australia
Home

A federally-registered independent political party

Follow the CEC on Facebook Follow @cecaustralia on Twitter Follow the CEC on Google +


Follow the CEC on Soundcloud













 Click here for the CEC Report archive
Features
Breaking News

      News archive...


Click here to find out moreOrder new CEC pamphlet:
"Time for Glass-Steagall Banking Separation and a National Bank"

A handbook on Glass-Steagall banking separation, national banking, the crimes of the banks and 'bail-in'. This 100 page document provides the urgently required solutions to rebuild the national economy right as a new financial crisis is unfolding.

Download full pamphlet here (PDF, 1.3 MB)Download CEC pamphlet: Stop MI5/MI6-run Terrorism!
Including: Westminster Terror Attack: Prince Charles and Saudis Must Answer!;
The Manchester Terror Attack: a New Peterloo Massacre?;
What Would Percy Bysshe Shelley Advise Jeremy Corbyn?

  • Australia must join with China's One Belt, One Road project! Find out more here.

  • LaRouche PAC Webcasts

  • Schiller Institute Webcasts

  • New Features

    Click here to download the PDF

    Click here to download the latest New Citizen, Vol.8 No.5

    Australia needs Glass-Steagall Now! Click here to find out more Click here to read about why Australia must align with the BRICS 2015 conference: The World Land Bridge Peace on Earth, Good Will towards All Men


    Australian Alert Service

    11th July, 2018

    Unparalleled crisis forges unexpected collaboration

    The effort to rescue 12 young Thai boys and their football coach in the most dangerous cave rescue ever is indicative of how nations with completely different politics, cultures and "values" can come together in a time of crisis, when human lives are at stake.

    In the coming period, humanity will have to band together on a much larger scale to rescue countless billions of citizens from the impact of a new global financial meltdown. Nobody knows when it will hit, but in order to be prepared for the impact we need to act as if it were scheduled for tomorrow. In fact, the preferable option is to implement the prescribed solutions pre-emptively, in order to mitigate the worst of its effects.

    Keep reading...

    Articles include the following:

    • Are Australia's Big Four banks effectively bankrupt?
    • Where is Labor on Glass-Steagall?
    • APRA sits on its hands as super funds gamble on derivatives
    • Why Glass-Steagall?
    • Australia's foreign debt vulnerability demands Glass-Steagall
    • Abbott's call to exit Paris Agreement is ironic
    • The City of London's China pivot
    • Can North America's two insurgent Presidents get along?
    • OPCW reports no nerve agent used in Douma, Syria
    • Novichok nonsense part II sets new standard for absurdity
    • Court victory for political rights in Ukraine
    • Parliament might be in recess but the CEC is not!
    • The urgent need for a New Paradigm in international relations

    Click here for more...

    Media Releases

    18th July, 2018

    Are Australia’s Big Four banks effectively bankrupt?

    On the same day last week that the Australian Prudential Regulation Authority (APRA) chairman Wayne Byres claimed that the banks had passed stress tests conducted by the bank regulator in 2017, the Citizens Electoral Council’s Australian Alert Service published an article by Robert Barwick entitled, “Are Australia’s Big Four banks effectively bankrupt?”

    The 11 July AAS found that Australia’s banks are not “unquestionably strong”, as the government and regulators claim; that they have the highest exposure to housing of any banks in the world by far; that the housing market is a world-record bubble; that the nature of denials by the government, regulators, banks and real estate industry is eerily identical to Ireland before its crash in 2008; that the actual capital of the banks, and not the fraudulent risk-weighted capital, is razor thin; that the banks are entirely dependent on all borrowers continuing to make their mortgage payments, except that Australian households are on the edge, suffocating under the highest household debt in the world with no capacity to absorb the interest rate rises that have already started.

    It concludes: “Australia’s banks are dead men walking, effectively bankrupt.”

    Click here to read a PDF copy of “Are Australia’s Big Four banks effectively bankrupt?”.

    Stress tests a ‘joke’

    In stark contrast to the AAS, APRA claims its stress tests proved that the banks would survive a severe extreme downturn. Byres elaborated the stress test scenario in his 11 July speech to the Australian Business Economists in Sydney:

    “The basic scenario was a severe economic stress in Australia and New Zealand, with a significant downturn in the housing market at the epicentre. This was triggered by a downturn in China and a collapse in demand for commodities. The subsequent downgrade in sovereign and bank debt ratings leads to a temporary closure of offshore funding markets, a sell-off in the Australian dollar and widening in credit spreads. Australian GDP falls by 4 per cent, unemployment doubles to 11 per cent and house prices decline by 35 per cent nationally over three years.”

    Read more...

    Print latest media releases as flyers (A4 PDF)

    Radio interviews with CEC Leaders


    Election 2016: CEC policies and candidates

    The evidence of bail-in coming to Australia Click here to read the CEC's submission to the FSI

    Click here to download a free copy of the Australian Alert Service, the CEC's weekly publication

    Click here to find out more about the bankruptcy of Australia's Big Four

    Features

    Video features


    Click here for the CEC Report archive and downloads

    Click here to view the latest LPAC New Paradigm Weekly Report

    Click here to view the CEC's May 2013 National Conference proceedings

    Feature pages

    Feature pages


     On the 200th anniversary of his birth, learn about our nation's greatest poet, Charles Harpur

    Visit the new international Schiller Institute website: A new paradigm for the survival of civilisation

    Click here to download Oct/Nov/Dec 2012 New Citizen in Chinese

    Watch the video: Ecosystems, A Genocidal Fraud

    Find out more about Glass-Steagall

    Read the NAWAPA XXI Report here

    Read the LPAC Basement team special report

    Watch the video: 9-11. Ten Years Later

    Stop the genocidal shutdown of the Murray-Darling Basin

    Archives

    Archives

    Archive of LaRouche's majors writings and statements

    Archive of breaking news reports

    Archive of video reports and features

    Background
    information


    Citizens Electoral Council © 2016
    Best viewed at 1024x768.
    Please provide technical feedback to webadmin@cecaust.com.au
    All electoral content is authorised by National Secretary, Craig Isherwood, 595 Sydney Rd, Coburg VIC 3058.