In two weeks, the moral fibre of Australia’s political and judicial system will be put to its latest test when war crimes whistleblower David McBride is put on what is likely to be a secret trial.
He faces up to 50 years in prison.
NZ’s Ardern government has dropped a planned bail-in law, to avoid a backlash from an angry public who won’t want their deposits stolen; Kiwis and Aussies should demand their governments jettison all bail-in powers.
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.