22nd June, 2016
We need leaders who will fight for 'a greater Australia'
The population needs leaders who will address the existential crisis facing not just Australia, but all of mankind. All of the smaller issues people are concerned about can only be resolved by facing the global economic and strategic crises head on. The CEC is forcing this reality into the election debate, and making Glass-Steagall and our other solutions the subject of intense discussion, which the media tries to keep out of public earshot. The next phase of Operation Glass-Steagall is to break it out into the open.
Articles include the following:
- Glass-Steagall debate rages!
- Quantitative Easing hits a negative wall
- Putin pushes 'Greater Eurasia Plan', Xi makes Silk Road tour
- 'Saudi-Wahhabi nexus' targeting SE Asia
- NATO continues to press Russia
- US State Dept. officials demand attack on Assad
- Obama is boxed in on Saudi terror connections
- Will assassination of Jo Cox MP be Brexit game-changer?
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'Free market' smashes milk producers
Download and distribute the A4 flyer (PDF)
Click here to watch a 5-minute video of Craig Isherwood discussing the dairy crisis with candidate for Mallee and former dairy farmer, Chris Lahy.
21st June, 2016
Glass-Steagall debate rages! David Murray attacks calls to break up Big Four banks
As chief executive of the Commonwealth Bank from 1992 to 2005, David Murray presided over its mutation from a public bank that served the community—the “people’s bank”—into a profit-gouging Too Big To Fail (TBTF) conglomerate, which now is at the centre of virtually every financial scandal in Australia.
Small surprise then that Murray has gone into battle for the Big Four conglomerate banks against the Citizens Electoral Council’s call to break up their so-called “vertical integration” with a Glass-Steagall separation of retail banking from investment banking.
Murray defended his old bank and its competitors in a 20 June column in the Australian Financial Review, entitled “Why breaking up the banks is ‘not in the national interest’”. In it he effectively admits that they are TBTF and rely on an implicit government guarantee. He argues, however, that the Big Four banks shouldn’t be broken up because Australia needs foreign investment—if the banks weren’t as big as they are they wouldn’t be able to borrow money cheaply on foreign markets. “To break up the major banks would risk access to debt markets and stifle funding of the economy”, he wrote. (Emphasis added.)
Print latest media releases as flyers (A4 PDF)
Radio interviews with CEC Leaders