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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

17th March, 2017

Mass strike forces policy reversals, even Glass-Steagall

15 Mar.—Australian Labor Party frontbencher Matt Thistlethwaite indicated yesterday that the ALP's banking royal commission could lead to the break up of the Big Four banks. Without using the name, Thistlethwaite made clear to Peter van Onselen on Sky News that he was talking about Glass-Steagall.

"Is it possible that Labor might look at legislation to break up the banks?" van Onselen asked. "Yeah", Thistlethwaite said. "There's a whole host of people who argue that we should break up the retail banking sections, so deposits and mortgages from the wealth management, the insurance that they've added on over recent years, and it's an approach that was taken in the US, it was watered down unfortunately by Bill Clinton. It's something that they're doing in the UK and there's calls for it to happen in Australia... ."

Keep reading...

Articles include the following:

  • Showdown of the real vs. bubble economies
  • China begins countdown to international Belt & Road Forum
  • President Trump reiterates Glass-Steagall
  • American 'colour revolution' faltering
  • 'UMBRAGE': WikiLeaks burns down CIA false-flag factory
  • Will Trump clean up Obama's mess in Syria?
  • Gas cartel threatens energy security

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  • 'Free market' smashes milk producers
  • Download and distribute the A4 flyer (PDF)

    Media Releases

    17th March, 2017

    To avert a catastrophic energy crisis, keep Hazelwood open until Australia transitions to nuclear power

    On 2 November 2016 the CEC issued a call for government intervention to keep Hazelwood Power Station open. We reissue that call today. Currently the 1,600 megawatt (MW) power station is scheduled to close on 31 March, threatening energy security and raising the prospect of blackouts, further increases to power bills, and industrial collapse. If Prime Minister Turnbull and Victorian Premier Daniel Andrews fail to keep Hazelwood open they will have the blood of the victims of a chaotic and unreliable electricity system on their hands, and Australians will punish them severely.

    The Federal Government’s $2 billion intervention to expand the Snowy Mountains Scheme to add 2,000 MW of capacity will be of little comfort if we have to endure rolling blackouts for up to seven years before this pumped-storage scheme comes online. And South Australia’s expensive battery plan to provide a mere 100 MW output (providing there’s any charge left in the lithium ion cells) won’t match the 650 MW that the Heywood Interconnector provides largely from Victoria’s coal-fired power stations. But with Hazelwood closed this 650 MW transfer to South Australia will not always be possible, as Victoria will become a net energy importer.

    The solution to Australia’s energy security is to reject the proven failure of privatised electricity markets and also reject pseudoscientific environmentalist ideology, both of which have contributed to the current crisis. To do this the federal and state governments must take the following steps:

    • Nationalise the National Electricity Market (NEM);
    • Nationalise all power stations, poles and wires and electricity retailers;
    • Rescind the Renewable Energy Target and all subsidies for intermittent solar and wind power;
    • Nationalise our gas resources to ensure affordable fuel for existing generators;
    • Build the Clarence River Scheme, which is on the scale of another Snowy Mountains Scheme; and
    • Establish a federal Nuclear Energy Commission to plan for near-term Australian nuclear power generation.

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    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


    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



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    Archive of breaking news reports

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