The Australian Federal Police raids on journalists’ homes and media offices have shown the extent to which press freedom has been curbed in Australia to suppress reporting of national security matters.
Unbeknownst to most Australians, our country in recent years has been leading the world in the adoption of Stasi-like surveillance and spying laws which threaten basic human freedoms.
More evidence has emerged that the APRA bail-in law passed in February does not exclude ordinary deposits from being converted into worthless shares or written off to prop up failing banks, a.k.a. bailed in, as some politicians assumed.
The urgency of a Glass-Steagall separation of deposit-taking banks from dangerous speculation, is that it is necessary to protect Australians from a financial collapse.
A former principal researcher at bank regulator APRA has revealed in a submission to a Senate inquiry that, contrary to government reassurances, Australian bank deposits are not guaranteed.
