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Banks and Commissions

More Marxist missiles

by Humphrey McQueen

10 June 2018

Terms of Reference

Banking CommissionThe terms of reference for this Commission are to investigate financial ‘institutions’. The remit for the 1935-6 one was to report on the ‘Monetary and Banking Systems’. Contrast institutions with system. We’ll start by setting out from how limited are the ‘institutions’ in the current case, before showing what an inquiry into the entire system would mean.

The institutions under investigation are the Banks and the Superannuation Funds. Neither functions without a battery of other institutions: accountants, actuaries, auditors, rating agencies, lawyers, lobbyists and Business Schools. Furthermore, all those of auxiliaries are directly engaged in Stock Exchanges, Foreign Exchange and Futures markets. Many are global enterprises. In particular, the banks are locked into foreign banks for fund-raising. The price-fixing scam between ANZ, Deutsche, Citibank and JP Morgan is exceptional in terms of how little money was involved.

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Parent Category: Spirit Content

Latest conqueror's memorial ignites history wars

In late April the Coalition government announced another Captain Cook memorial will be built to commemorate the 250th anniversary of his landing at Kamay/Botany Bay. It will be part of a $50 million redevelopment of the site where the English explorer and the crew of his ship Endeavour, first set foot on Australian soil.

An "aquatic monument" of Captain James Cook, a museum, visitors centre and ferry wharves, costing $3million, will also acknowledge Cook's 'encounter' with the First Nations at Kamay/Botany Bay. Prime Minister Turnball, as is his habitat, spoke aphorism's a plenty to describe the significance that Kamay/Botany Bay has for him.

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Parent Category: Spirit Content

Trump sabotages international peace agreement with Iran

Dangerous military escalation in the Middle East follows Trump dump of Iran agreement

Trump Netanyahu

IPANIPAN (Independent & Peaceful Australia Network) Media Release
11th May, 2018

" President Trump’s cancellation of the Joint Comprehensive Plan of Action (JCPOA) agreement over nuclear weapons, signed in 2015 between Iran and other nations has already led, as expected, to further military escalation in the Middle East," Mr Nick Deane speaking on behalf of the Independent and Peaceful Australia Network (IPAN) said today.  “This is an extremely dangerous situation,” he continued.
IPAN joins other influential groups like the International Campaign to Abolish Nuclear Weapons (ICAN) in condemning US President Trump’s announcement that the United States is withdrawing from the JCPOA.

Read more: Trump sabotages international peace agreement with Iran

Parent Category: Spirit Content

Victory! Eureka Flag Ban Overturned

In a victory for workers and the democratic rights of all Australians, the attempted ban by the Turnbull government's Australian Building and Construction Commission (ABCC) on flying the Eureka flag from cranes on building sites has been defeated.  

For 164 years big business and their puppets in parliament and the courts tried to kill it, hide it, and smear it with neo-nazi dirt - but nothing can suppress the spirit of Eureka rebellion for justice, democratic rights and an independent Australia.

164 years on and they still can't tear down the working people's flag that inspires the struggle for justice, courage, unity and solidarity.

This is a great victory for working people in Australia that was only made possible by the open defiance and show of strength of workers around the country who were determined to fly it anyway in the face of repression.


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Victory for workers over a conspiracy against unions, as charges dropped against CFMEU officials

This article came from the CFMEU

 Setka and Reardon

In a major victory for Australian workers, charges against two CFMEU Victorian Construction officials were dramatically dropped at the Melbourne Magistrate’s Court this morning.

The CFMEU has welcomed the decision by the Director of Public Prosecutions to withdraw blackmail charges against Victorian Branch officials Shaun Reardon and John Setka.

Read more: Victory for workers over a conspiracy against unions, as charges dropped against CFMEU officials

Parent Category: Spirit Content