29th July, 2015
The end of oligarchism starts with Glass-Steagall
Leaders are beginning to emerge who reflect the sentiments of people fed up with being made the scapegoats for the banks, and being looted to paper over bankers' crimes: In Greece where measures to bail-in people's deposits are in the works; in the UK where workers are rebelling against new, heightened austerity measures; and in the US where the outrage of citizens has compelled Democratic presidential nominee Martin O'Malley to push for Glass-Steagall as his "first and foremost" priority. But here in Australia the "opposition" has just reinforced its commitment to remain Another Liberal Party. As the next phase of the GFC bears down, our role in promoting the Glass-Steagall alternative is crucial.
Articles include the following:Shorten consolidates ALP as Another Liberal Party
Renewable energy target condemns Australians to poverty, early death
A sensible solution to the budget deficit
Tony Blair desperate to stop Glass-Steagall leader
Greek update: Parliament passes second package—including depositor bail-in
Troika is a no-show in Athens, claiming 'security' fears
Click here for more...
31st July, 2015
‘Carbon copy’ of subprime scam will blow system, kill developing nations
The latest ruse to prop up the dying global financial system will switch into high-gear if the 30 November - 11 December United Nations Climate Change Conference (COP21) succeeds in suckering nations into “a universal climate agreement” which aims to “decarbonise” the world economy.
An example of the explosion, and abuse, of carbon trading systems which would occur under an enforceable global carbon reduction agreement was recently provided by Deutsche Bank, carried out by traders on the bank’s carbon trading floor in Frankfurt, Germany. In May 2015, Frankfurt’s chief prosecutor announced an ongoing investigation of 26 current or former carbon-emissions traders at Deutsche Bank—17 on suspicion of tax evasion, five for money laundering and four for obstruction of justice—all in connection with the European Union’s carbon-trading network and the United Nations’ so-called Clean Development Mechanism. On 25 July eight were arrested and charged with tax evasion in connection with carbon trading. The Frankfurt prosecutor accuses them of securing fees and bonuses from participating in a “carbon emission certificate” scam that resulted in tax evasion worth €136 million.
At least 14 people from two banks have been accused in three countries so far, for their involvement in carbon trading tax fraud. The European police agency Europol has estimated that such crime has cost taxpayers more than €5 billion in lost revenue since 2008. The repeated raids at Deutsche Bank over carbon-trading fraud in the past two years contributed to the resignations of the bank’s co-CEOs in June.
Print latest media releases as flyers (A4 PDF)
Radio interviews with CEC Leaders