After then-Treasurer Scott Morrison announced the $10,000 cash ban in the 2018 budget, his successor Josh Frydenberg estimated to Parliament that the government’s “black economy” interventions, of which the cash ban is one, would bring in an addit
Piggybacking off the Australian bushfires, and in time to appeal to the 119 oh-so-wonderful billionaires assembled at the annual World Economic Forum in Davos, Switzerland, the architects of “bail-in” at the Bank for International Settlements (BIS
Major party politicians are putting the economic security of all Australians at serious risk by their misplaced confidence in the Australian Prudential Regulation Authority (APRA), the bank regulator.
When the government and financial authorities assure you your deposits are guaranteed, don’t believe them. They have proven time and again that in a financial crash they will put the survival of banks and their powerful owners first.
