1. Canberra buckles to the 'Money Power' on bail-in—we the people are the opposition Presented by Elisa Barwick and Robert Barwick
Exclusive report on how Parliament sneaking through depositor ‘bail-in’ has forced Glass-Steagall onto the agenda!
Elisa Barwick is joined by Robert Barwick for the 16 February The CEC Report, the weekly half-hour political and economic update of the CEC’s fight to save Australia from economic collapse. The report is now posted on our website, and ready for you to view.
This week’s CEC Report features: 1. Canberra buckles to the ‘Money Power’ on bail-in—we the people are the opposition. Robert Barwick gives a first-hand account of the underhanded maneuvers that saw the APRA crisis resolution bill, giving the bank regulator sweeping powers to bail in people’s savings, sneak through the Australian Parliament with just seven senators present to vote it into law. But the government’s desperation to pass bail-in has drawn attention to the Glass-Steagall solution of separating banks with deposits from speculation, which is now under serious consideration in the corridors of parliament. Content covered in the CEC Report is elaborated in the CEC’s weekly Australian Alert Service magazine, which reports on the political fight to free Australia and all nations from the financial control of the City of London and Wall Street. The 14 February issue includes the following:
• Lead Editorial: Take back the power to govern! • Labor colluding with Liberals on APRA bail-in powers • Why the need for ‘crisis resolution’ powers? • Financial Review reports on regulators’ dispute with CEC • Labor leaders gush over APRA legislation • Commission reveals ‘oligopolistic banking system’ • Bandt got one thing right: Australia needs an Iraq War inquiry • Rumours grow that the US Fed is propping up the stock market • To avoid a new financial crisis, look through China’s eyes • Indonesian general: US ‘form of democracy’ no help • More proof of British state terrorism in Ireland • Clinton-Kerry State Department caught up in Russiagate • Syrian White Helmets planning to go global • Up next: Glass-Steagall! • The ALP’s role in the global bail-in regime • ALMANAC: Apply Hamilton’s genius today, and save the US economy!
