11th October, 2017
The fight is right vs. wrong, not right vs. left
The electricity and gas crises head the list of predicates
of Australia as an economic basket case. Despite competing
to be the world's leading gas exporter, and having
the most abundant supplies of coal, uranium and thorium
for electricity generation, Australians don't have reliable
electricity or sufficient gas. Households and industries
are suffering alike, and the experts' solution to the
electricity crisis is to manage "demand response", which
is newspeak for shutting down industries in a heatwave
to ration electricity.
Articles include the following:
- Take back the common wealth!
- Don't miss the bigger agenda behind China's BRI
- 'Magic of the market' makes fuel security disappear
- 50-degree future a scientific fraud
- A tale of two conferences
- Bank of England steps up global bail-in drive
- Economic collapse fuels divisions in Europe
- Robert Mueller, Anglo-American hit man
- Trump rocks Wall Street with Puerto Rico debt pledge
- Columbus's first 'Belt and Road' inspired by Cusa
- ALMANAC: The Money Power vs. the Whitlam Government
Click here for more...
19th October, 2017
Stop Morrison rushing through emergency powers for APRA. Tell your MP: replace APRA with Glass-Steagall, national bank
Treasurer Scott Morrison has today introduced into Parliament the bill to give emergency powers to APRA, the regulator that has allowed the banks to abuse their power and positions.
The CEC exposed this bill in a 12 September release:
The Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Bill 2017 gives APRA dictatorial powers to totally control all Australian Authorised Deposit-taking Institutions (ADIs, i.e. banks, building societies, credit unions etc.), insurers and superannuation companies. These include the power to:
direct the financial institution’s actions; appoint itself to take over the financial institution; and transfer assets from the financial institution, i.e. all powers that would be needed for a “bail-in”;
exempt officers, employees, agents and APRA appointees from liability, i.e. no accountability; and
prohibit public disclosure of these directives, i.e. to take over the banks but keep it secret!
The government will justify these powers as necessary for a crisis, but APRA would not be using them to protect the public from the consequences of the recklessness of the banks, which would be the cause of the emergency, but to protect the banks from public demands for justice, accountability and strict re-regulation.
Print latest media releases as flyers (A4 PDF)
Radio interviews with CEC Leaders