5th November, 2018
Australian Glass-Steagall would stop bank rip-offs
Australia's best-known finance commentator Alan Kohler
was compelled to recognise the importance of the banking
separation issue, by the sheer numbers of public submissions
to the banking royal commission calling for Glass-Steagall.
Kohler wrote in The Australian on 3 December:
"I have been opening a random sample of the 10,140 submissions—just
short ones from individuals. Without exception
they called for the banks to be broken up and most of
them, surprisingly, used the term 'Glass-Steagall'—suggesting
that the now-repealed American law that used to forcibly
separate banking from insurance and investment banking
be introduced into Australia.
Articles include the following:
- Australia to broaden spooks' licence to kill
- Federal Court battle continues over Whitlam dismissal
- Comment: Reason for banking separation
- On G20 sidelines: steps towards major-power cooperation to head off crisis
- National Infrastructure Banks prove superior to PPPs
- Koreas pursue development for peace
- MEP Marco Zanni in Washington: Italy and USA fight for trans-Atlantic Glass-Steagall
- Integrity Initiative: Britain's foreign interference machinery exposed
- A new congressional force: Afghanistan-Iraq war veterans
- The CEC's 30 year celebration
- US life-expectancy down: The fundamentals are unsound!
- A lesson on Renaissance economics
- ALMANAC: The impact of the Belt and Road Initiative on global food security
Click here for more...
6th December, 2018
Watch Denise Brailey: Australian Bank Mortgage Fraud Explained Part II—this is the scandal that will bring down the Australian economy!
Banking and Finance Consumers Support Association (BFCSA) founder Denise Brailey is Australia’s leading consumer advocate.
On 1 December 2018, Denise presented Australian Bank Mortgage Fraud Explained Part II to the Citizens Electoral Council’s Victorian state seminar.
Click here to watch Australian Bank Mortgage Fraud Explained Part II.
For 18 years Denise has fought, on a shoe-string budget, to save victims of mortgage fraud from losing their homes, and expose the inner working of the machinery—the so-called “black box”—that has enabled the banks to commit this fraud on a massive scale.
In short, Denise has done the work that the Australian Securities and Investments Commission (ASIC) should have done, but has been unwilling to do due to its cosy relationship with the banks. As Denise, a pensioner, has said many times to high-paid ASIC executives on salaries of hundreds of thousands of dollars per year, “This is not my job—it’s yours.”
By and large, however, only Denise has done it, and in doing so has acquired a formidable knowledge of the fraud the banks have committed in the process of building up the biggest speculative housing bubble in the world, and the highest household debt in the world, to fatten their profits.
This work has huge implications for our understanding of the Australian economy. It means that a large component of bank profits, and therefore superannuation returns, are from fraud.
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