KPMG wants to jail Australians who use cash—supposedly to combat the ‘black economy’—but the disreputable global accounting giant dominates the board of money-laundering machine Westpac.
Member for Kennedy Bob Katter has introduced an urgent bill into the Australian parliament directing the Commonwealth Auditor-General to conduct a thorough audit of the risks building up in the banking system.
Since the election in May, the Morrison government, Reserve Bank and Australian Prudential Regulation Authority have thrown everything and the kitchen sink at reversing the fall in house prices.
While the major banks, regulators and government have done everything in their power to block any moves towards bank separation, they have ignored one important point: separation would be good for the banks as businesses.
With the election charade out of the way, we can now see the truth about the economy in the actions of the economic authorities—it’s a full-blown emergency!
