Citizens Electoral Council of Australia

A federally-registered independent political party

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Saturday 10 March
Stop the Bail-In Update: Greens finance spokesman shows his banker colours; the great bail-in cover-up underway
Sign the petition: Global crash coming—Australia needs Glass-Steagall and a National Bank
Take the Glass-Steagall Proposal to your MPs

 Click here for the CEC Report archive
Breaking News

      News archive...

Download full pamphlet here (PDF, 1.4 KB)Download CEC pamphlet: Who Killed Diana and Why?
Including: British Royals Feel Heat over Diana's Assassination;
Honouring John Morgan;
Break up Crown/City of London Criminal Financial Empire: Glass-Steagall Bank Separation Now!

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

    14th March, 2018

    The banks' greatest fear is the CEC's Glass-Steagall policy to break them up

    The 13 March Australian Financial Review editorial (The AFR View) drew the battle lines in the fight over banking in Australia. On one side are the big banks, their apologists in Parliament and the media, like AFR, and their accomplices in APRA and the other regulators. They claim the banking system is "successful" and "unquestionably strong", and opposed a Royal Commission, despite the plethora of evidence of bank crimes and abuses of customers. On the other side, according to the AFR, is the Citizens Electoral Council. The AFR didn't single out the CEC by name, but by its number one policy—the Glass-Steagall separation of the banks.

    Speaking as it does for the banks, the AFR revealed that, more than having the banks' crimes and abuses aired in the Royal Commission and being forced to compensate their victims, the banking establishment's greatest fear is they will be forced to break up. This is clear from the stern warning the AFR editors issued to Commissioner Kenneth Hayne. "The Hayne commission is not designed to be an inquiry into how our entire successful banking industry has been structured", AFR said, "and nor must it become one." (Emphasis added.) The editorial expressed the fear that the magnitude of the inquiry "sets up the expectation that some radical overhaul of the banking system should follow" such as "a forced breakup of their activities", specifically the "vertical integration of banking, insurance and wealth management".

    Keep reading...

    Articles include the following:

    • Banks are structured to exploit customers
    • A milestone on Australia's real-estate road to ruin
    • Hybrid menace grows as regulators and legislators fiddle
    • What's an American System approach to saving US industry?
    • USA must return to American System!
    • Conference on Lake Chad is historic breakthrough
    • Lesson from Putin speech
    • Here we go again: Russia did it!
    • Path to Korean peace could kindle major-power cooperation
    • Another FBI director caught in 9/11 cover-up
    • Correct response to Trump's tariffs: Ditch the free trade dogma

    Click here for more...

    Media Releases

    13th March, 2018

    Banks are structured to exploit customers—the Royal Commission must investigate APRA and banking structure

    Stop Press: The editors of the Australian Financial Review, who opposed a Banking Royal Commission at every turn, today (13 March) insisted it “is not designed to be an inquiry into how our entire successful banking industry has been structured, and nor must it become one”. The banks’ cheerleaders at AFR also expressed fear that the Royal Commission could set up expectations of “a forced break-up of their [the banks’] activities”. Read the following release, drafted yesterday before the AFR editorial came out, which explains why the Royal Commission must do precisely what the AFR says it mustn’t.

    When Malcolm Turnbull called the Banking Royal Commission, after receiving permission from the banks, he was jumping before he was pushed. On behalf of the banks, Turnbull and his fellow bankers in the Liberal Party were alarmed that National MPs had gone rogue with the ALP, Greens and cross-benchers, to draft terms of reference that would have required the Royal Commission to examine the structure of banking and the regulatory system. Among other things, this would have included bank regulator the Australian Prudential Regulation Authority (APRA), and so-called vertical integration—the practice of universal banking, in which major banks are massive conglomerates of all kinds of financial services. Turnbull’s bank-approved terms of reference for the Royal Commission dropped any mention of vertical integration, and stipulated that the Royal Commission is “not required” to inquire into “macro-prudential policy and regulation”, i.e. the regulatory structure of banking, including APRA’s prudential policies.

    This restriction is a travesty. It’s akin to an inquiry into chicken deaths being disallowed from investigating the management of hen houses by foxes! The Commissioner can do the best job in the world, but if all he is allowed to do is investigate and highlight instances of banks abusing their customers, but not look into the structure of banking that allows banks to exploit their customers for their group profits, the Royal Commission is an exercise in futility. That is no reflection on Commissioner Kenneth Hayne.

    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


    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



    Archive of LaRouche's majors writings and statements

    Archive of breaking news reports

    Archive of video reports and features


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