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Read or Condemn Yourself to Death by Ignorance

The newsletter for those prepared to look and see what is there.

No place for ostriches, snowflakes or those who blindly

bow to the unholy alter of tyrannical authority.

Wednesday 18th April 2018


Here is a very brief excerpt of what flittered through my mind or crossed my digital desk over the last week.

I hope you get something from it!


Help Protect NT From Fracking!

The insanity of this is beyond gob smacking! The potential reprecussions of fracking are deadly and disastrous for the environment, the flora and fauna as well as the people of the region.

People across the country are standing with the communities risked by fracking

Send a message to the NT government by sharing your photo and using the hashtag #WeWillProtectNT #DontfracktheNT #WaterIsLife

Trump Threatens WW3 Over Unverified Chemical Weapons Attacks In Regions Controlled By Terrorists

It’s the second chemical weapons attack to happen in Syria since President Donald Trump took office; and once again the attack seems to be convenient, as Russia and the U.S. both announced a withdrawal of troops from Syria. Why would Syrian President Bashar al-Assad gas his own people as two foreign countries are readying to leave its territory? None of this makes sense.

Yellowstone officials – there could be a supervolcano eruption imminently

(Some good prepper data at the end of he article.)

Underneath the quiet nature preserve of Yellowstone lies the most powerful and largest supervolcano on the planet. The fear of it erupting in our lifetime has put many on high alert, and recently, the Steamboat Geyser of Yellowstone gave another indication that the area is under strain.

Not A Morning Lover
Not A Morning Lover

For a couple of people I know...

Banking Royal Commission is a game-changer—it must be expanded

From our friends at the CEC:

The Financial Services Royal Commission in its first fortnight of hearings in March laid bare the massive mortgage fraud in the major banks, and exposed the banks as criminal enterprises. This week it is holding hearings into the big banks’ financial advice scams, and the “vertical integration” structure that enables the banks to direct depositors into their other businesses to be fleeced. The political shock waves coming from the Royal Commission’s hearings prove that this sort of inquiry was long overdue, and that the politicians like Malcolm Turnbull and Scott Morrison who opposed it were protecting criminal activity.

Commissioner Kenneth Hayne must be allowed to expand his inquiry—beyond Turnbull’s limited terms of reference that was approved by the banks, into a full investigation of not just banking misconduct, but also APRA (Australian Prudential Regulation Authority) and the other regulators which have abetted the banks’ crimes, and APRA’s domain of so-called “macro-prudential policy”.


Like a bright light that sends the cockroaches scurrying, the Royal Commission has sparked all kinds of reactions, in politics, finance and the regulators. Many of these reactions were aired at the Australian Financial Review’s Banking and Wealth Summit held in the first week of April.

Treasurer Scott Morrison made a declaration that should be used against him in a court of law. As the 4 April AFR reported, “The banking industry royal commission hasn’t uncovered bad behaviour that the government didn’t know about, Treasurer Scott Morrison said”. Wait, what?! For years the government conveyed the impression that the banks were following world’s best practice, with the very best regulation, and any abuses were only on the margins, so there was no need for an investigation. In its first two weeks the RC exposed fraud, involving all of the banks, on a scale that few outside of the victims had considered was possible. Morrison’s statement is an admission that the government has actively protected such criminality. The Treasurer went on to say that the issues being uncovered were already being addressed, but tell that to the thousands of ruined victims.

Bankers whinged at the AFR’s summit that, effectively, they can’t make profits if they can’t commit fraud! Westpac CEO Brian Hartzer feared that the Royal Commission could force the banks to process mortgage applications manually rather than via the automated computer approval systems that have been at the centre of the mortgage fraud. His entire complaint was an admission that fraud is a huge component of bank profits. According to the 5 April AFR, he said, “It’s going to have a consequence for cost and efficiency. It’s going to have a consequence for the availability of credit and that is most likely going to hit the people who are at the lower end of the spectrum.” Hartzer’s concern for the “lower end of the spectrum” is fake. They are the people who can’t actually afford loans because the fraud has driven house prices sky high, so the banks give them interest-only loans, but also ruthlessly repossess those homes en masse when they default.

UBS analyst Jonathan Mott repeated his bank’s warning that if the RC called for a higher level of due diligence, meaning a proper level of due diligence, it could lead to a credit crunch—the total freeze in bank lending that plunged the USA and Europe into deep recession in the 2008 financial crash. Again, this is an admission of the extent to which the financial sector has become dependent on fraudulent practices.


The problem for the banks and their political protection is that the cat is out of the bag. The RC has already forced high-level individuals and agencies to take stock of how Australia’s financial system operates, in light of its revelations. For instance, Australian Competition and Consumer Commission (ACCC) chairman Rod Sims, a dissonant voice at the AFR summit on 5 May, pointedly criticised the collusion between the banks, that one executive had virtually confessed to on the stand at the Royal Commission. Noting that there is very little competition between the Big Four banks, Sims said they “accommodate” a “shared interest” when they determine interest rates. “Their behaviour more resembles synchronised swimming than it does vigorous competition”, he said. This came very close to accusing the banks of being a cartel, which is highly illegal and would attract huge fines and jail terms. Bank victim advocate Denise Brailey tweeted, “Rod Sims ACCC delivers speech on WHY the BANKS are running a CARTEL but he won’t say ’CARTEL’. I will call it!!”

Another indication of the game-change was on display in Parliament on 27 March when APRA chairman Wayne Byres appeared before the House Standing Committee on Economics at the end of the first fortnight of RC hearings. Committee chair Sarah Henderson, a Liberal, grilled Byres about APRA’s culpability in the crimes of the banks, in a way that the chief bank regulator would not have been grilled by a member of the pro-bank Liberal Party before. Like the public, all MPs have long been assured by the government that the banks are very well regulated, and no doubt many have been shocked by the revelations of the Royal Commission, which prove that APRA has been the banks’ accomplices. Henderson repeatedly pressed Byres to own up to APRA’s failings to police the banks, and would not let him deflect blame on to APRA’s fellow regulator ASIC (Australian Securities and Investments Commission), as APRA always does.

Expand the investigation!

The Royal Commission is doing a stellar job within the bounds of the terms of reference, which it is pushing to the limit. For instance, it is now inquiring into vertical integration, which Turnbull had not wanted Hayne to do. It must be expanded to investigate macro-prudential policy, which is currently off-limits to the Royal Commission, but it is crucial, as it concerns the rules whereby APRA incentivised the banks into reckless mortgage lending that led to massive mortgage fraud—fraud that APRA ignored.

Is Malcolm Turnbull afraid that if he expands the terms of reference to allow the Royal Commission to investigate APRA and macro-prudential policy, Commissioner Hayne may recommend a Glass-Steagall separation of deposit-taking banks from all other financial businesses?


Until next time,
dream big dreams,
plan out how to achieve them,
be continually executing your plans,
enlist people to your causes,
travel and/or read widely, preferably both,
all the while observing what you observe
rather than thinking what you are told to think,
think well of your fellow man,
take time to help your fellow man,
he sorely needs it and it will help you too,
eat food that is good for your body,
exercise your body,
take time to destress,
and do the important things
that make a difference -
they are rarely the urgent ones!



Most of the content herein has been copied from someone else. Especially the images. My goodness some people are talented at creating aesthetics! The small bits that are of my creation are Copyright 2014-2018 © by Tom Grimshaw - ALL RIGHTS RESERVED.

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