Prime Minister Scott Morrison’s announcement of the Australia-United Kingdom-United States (AUKUS) alliance explodes the myth that by standing up to China, Australia is defending its “sovereignty”.
The Australian government and major-party politicians have one response to concerns that bank deposits could be “bailed in”: don’t worry, you’re protected by the $250,000 Financial Claims Scheme (FCS) deposit guarantee.
In another victory for the grassroots campaign that exposed the real agenda behind Scott Morrison’s unlawful removal of Australia Post CEO Christine Holgate, two of the Big Four banks have recommitted to Australia Post banking services long-term.