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    From the Archives:
    On Her Majesty's Secret Service:
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    CEC's 2013 election campaign

  • Media Releases

    17th July, 2014
    Murray inquiry sets stage for Australian bail-in law

    The interim report of David Murray’s Financial System Inquiry, released 15 July, pushes the case for supposedly solving the problem of too-big-to-fail (TBTF) by implementing “bail-in”—the system which includes confiscating customer deposits to prop up failing banks, Cyprus-style.

    Furthermore, Murray recommends the Abbott-Hockey government continue the process commenced under the Gillard-Rudd-Swan governments, of aligning Australia’s regulations with the Financial Stability Board’s (FSB) Key Attributes of Effective Resolution Regimes, the financial measures to which G20 member countries are committed to comply, including bail-in.

    Murray’s interim report perpetuates the fraud that bail-in is a solution to TBTF banks, even though bail-in does nothing to reduce the size of the banks such that if they fail they won’t damage the rest of the economy. Bail-in is presented as a way to ensure governments won’t need to bail out a failing bank, because the cost will be borne by the bank’s creditors instead.

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     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

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    Stop the genocidal shutdown of the Murray-Darling Basin

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