Australia’s most experienced advocate for victims of predatory bank lending has slammed as “insane” Prime Minister Scott Morrison’s policy to lower bank lending standards to boost economic activity.
The nominally “Australian” think tank behind the widely reported accusations that China is using its Uyghur Muslim minority as forced labour is itself sponsored by American and British arms companies that have profited from forced prison labour.
For 18 years Denise has fought, on a shoe-string budget, to save victims of mortgage fraud from losing their homes, and expose the inner working of the machinery—the so-called “black box”—that has enabled the banks to commit this fraud on a massiv
Australia’s best-known finance commentator Alan Kohler was compelled to recognise the importance of the banking separation issue, by the sheer numbers of public submissions to the banking royal commission calling for Glass-Steagall.
Glass-Steagall is the only solution to the dangerous derivatives risk building up in Australia’s banking system, and the conflicts of interests being exposed at the royal commission that enabled banks to exploit customers.
Australia’s political class is quick to criticise the Chinese Communist Party (CCP) for its control of China, but when it comes to foreign policy, Australia is no less a one-party state.
