Morrison is banning cash so Australians can’t escape bail-in, negative interest rates

The fight against “bail-in” is on! The Morrison government has released for consultation a new law that bans cash transactions over $10,000. The pretext for this law is to crack down on money laundering and tax evasion in the “black economy”. This is a shameless lie! The formal recommendation to ban cash comes from “big four” global accounting firm KPMG, which is an accomplice of the world’s biggest money launderers and tax evaders. The real purpose for the cash ban is to trap Australians in the banking system, so they cannot escape negative interest rates or having their bank deposits “bailed in”.

Scott Morrison first announced this measure in the 2018 budget, originally to come into force this month, but now scheduled for January 2020. It was recommended in the October 2017 Black Economy Taskforce Report by Michael Andrew AO (who died last month), a former chief of global accounting giant KPMG. The report revealed that the strategy is to: “Move people and businesses out of cash and into the banking system, which makes economic activity more visible, auditable and efficient.” (Emphasis added.) It gives the game away by noting that it may benefit “financial stability and the effectiveness of monetary policy”—code for policies like bail-in and negative interest rates. To achieve this it recommended: “Moving to a near cash free economy. A $10,000 economy-wide cash limit should be introduced.” But $10,000 is just the beginning: in June 2018, just after Morrison announced it, KPMG was already lobbying Treasury to lower the limit to $5,000 or even $2,000.

Deception and stealth

When Morrison released the exposure draft of his bail-in law in 2017, he did so on a Friday afternoon when there would be no media attention. Only a sharp-eyed CEC staffer spotted it and recognised it as bail-in, enabling the CEC to mobilise a massive nationwide campaign against it which continues to this day. The government is being equally sneaky with this law. Treasurer Josh Frydenberg quietly released the exposure draft of the legislation, called the Currency (Restrictions on the Use of Cash) Bill 2019, last Friday afternoon, 26 July, and has allowed only two weeks for public comment.

The exposure draft of the bill has two notable features:

  1. It bans ALL cash transactions over $10,000, enforced with a penalty of two years jail;
  2. Division 2 is blank, containing only the words “To be inserted”.

What is the government hiding by releasing an incomplete draft, on a Friday afternoon, and allowing only two weeks for public consultation?

The deception doesn’t end there. In its explanation of the law, the government has sought to make it palatable by emphasising that there will be exemptions to the cash ban, including depositing and withdrawing cash in banks, and, curiously, most consumer-to-consumer transactions, such as for a second-hand car. However, the exemptions are not in the legislation. They are in a separate regulatory instrument to be issued by the Minister after the legislation is passed. This means that they are not permanent, but that in the future, the Minister will be able to scrap the exemptions without requiring new legislation. This is the “salami tactic”: first pass the law in a form that is politically palatable, and then slice off key changes. In a bail-in scenario, for instance, under the current regulation people fearing bail-in may withdraw all of their money from the bank, but the Minister will be able to issue a new regulation that suddenly stops people from withdrawing more than $10,000.

Not about money laundering

This law is emphatically not about controlling money laundering and the black economy. The vast majority of money laundering and tax evasion is done by banks and corporations, not individuals. And who helps banks and corporations do it? The big four global accounting firms, including KPMG, whose boss Michael Andrew recommended this cash ban! The big four literally write the tax laws that enable corporations to evade tax, and dominate the offshore tax havens like the Cayman Islands that exist for tax evasion and money laundering. When Michael Andrew was the global boss of KPMG—the only Australian ever to lead the worldwide operations of a big four firm—two of KPMG’s biggest clients, British banks HSBC and Standard Chartered, were caught in 2012 by US authorities in massive money laundering operations. In other words, KPMG assisted its clients to launder money, but is using money laundering as the excuse to take away the rights of Australians to use cash!

The real reason: bail-in and negative interest rates

Money laundering and tax evasion are nothing new, that they would suddenly require this “solution”. What is new is the plunge in the public’s confidence in the banks, especially since the global financial crisis. But instead of properly reforming the banks to restore the public’s confidence, through policies such as Glass-Steagall, which separates normal banking from the financial gambling that causes crises, authorities around the world have resorted to insane and in fact criminal measures that further destroy confidence in the banks.

The two most egregious measures are the criminal bail-in policy and the insane move to negative interest rates; bail-in steals deposits to prop up failing banks, while negative interest rates force customers to pay to keep their money in the bank. Both are coming to Australia. Morrison snuck his bail-in law through the Senate in February 2018 with only eight senators present in the chamber and no recorded vote. The Reserve Bank of Australia has aggressively slashed interest rates to 1 per cent, and in the banking crisis that is brewing right now they will feel compelled to follow countries like Japan and Switzerland down past zero and into negative territory, as the International Monetary Fund is recommending.

Both bail-in and negative interest rates destroy confidence in the security of bank deposits, which motivates people to take their money out of the bank and hold it in cash. This is the experience in Japan and Europe. So like some European countries, Australia is banning cash to force people to use the banking system so they cannot escape these policies, under threat of two years jail.

Fascism is the use of state power to benefit private corporations; by definition, this is a fascist assault on the freedom of Australians to use cash and not private banks. The CEC is calling on all concerned Australians to demand the government scrap this law and reform the banking system instead!

What you can do

The government has allowed only two weeks for submissions, in order to avoid scrutiny. Don’t let them get away with it! We have until 12 August to swamp Treasury with letters and emails, demanding they drop this law. Write an email or letter today to the Treasury: state your objection to any law that removes your right to use cash, and demand the government restore confidence in the banking system by properly reforming the system, not by trapping people in the system so they can’t escape policies like bail-in.

Email: with the subject line:
Submission: Exposure Draft—Currency (Restrictions on the Use of Cash) Bill 2019

Address written submissions to:
Black Economy Division
Langton Cres
Parkes ACT 2600

If you are still drinking fluoridated water, please read this.

“Fluoridated Water Is Public Murder On A Grand Scale” – Dr. Dean Burk

Judge Anthony Farris presided over the trial in the case of Safe Water Foundation v. City of Houston, District Court of Texas, 151st Judicial District, No. 80-52271. On May 24, 1982, Judge Farris entered his findings of fact on the record of the case. His main findings were as follows:

“That the artificial fluoridation of public water supplies, such as is contemplated by [Houston] City Ordinance No. 80-2530, may cause or may contribute to the cause of cancer, genetic damage, intolerant reactions, and chronic toxicity, including dental mottling, in man; that the said artificial fluoridation may aggravate malnutrition and existing illnesses in man; and that the value of said artificial fluoridation is in doubt as to the reduction of tooth decay in man.”

Contrary to what has been said by promoters of artificial fluoridation of public water supplies, these findings of fact were specifically sustained and upheld as having been established at trial by a preponderance of the evidence, as appears in Safe Water Foundation v. Houston, 661 S.W. 2d 189 (Tex. App. 1983).

Slim Gut Summit

Slim Gut Summit

Researchers are increasingly convinced that important hidden players lurk in your bowels: trillions of gut microbes. Keeping them happy is the elusive secret to weight control, increased energy and brain function, and the key to preventing (and reversing) diseases to live healthier and happier lives.

The Slim Gut Summit will share the latest research, practical healing steps, everyday habits and activities that cause your gut to function sub-optimally. And, it also teaches effective and simple tips and tools to help your body to find its natural weight setpoint and, more importantly, benefit from less inflammation, balanced hormones, more energy, better brain health and more!

Hydrogen Water

Hydrogen Water

If you have been on my mailing list for anylength of time you will know I use and sell a water filter that removes the nasties, ionaizes, alkalises the water and adds hydrogen. Today I received this in an email. If you want to take your water quality up a notch, come back to me!

Here’s a weird one for you.

When my good friend and fellow filmmaker, Trevor King, was filming interviews last year for his docu-series, Live Longer, Feel Better!, an unusual pattern started to emerge. He began to notice something unexpected was mentioned in dozens of interviews.

Many of the world-famous doctors and experts he was interviewing would talk about the benefits of drinking a certain kind of water, freshly infused with a common element.

Then he started to see these machines in their homes too…

People like Ty Bollinger from The Truth About Cancer, Robert Scott Bell, Dr. Joe Mercola, Dr. Daryl Giofre, Dr. V from Breast Cancer Conqueror, Dr. Tony Jiminez. It was a common thread that tied them all together. Almost like a secret society — they knew something the rest of us didn’t. 🙂

That weird something? Hydrogen.

They all talked about the amazing benefits of using it regularly.

And all they had to do was drink the water from this “fountain of health” as one of them called it. Trevor himself tasted the water in Ty Bollinger’s home near Nashville, and said it tasted incredible. Like water SHOULD taste, if you know what I mean. I actually tasted the water in Ty Bollinger’s home also, and I had the same eye-opening experience that Trevor had.

Here’s some things you may not know about Hydrogen and Hydrogen water:

The Molecular Hydrogen machine has been classed as a medical device in  Japan for many years, where it’s known as “Shin'nooru solution”

“The most exciting and profoundly effective anti-oxidant available today” – Dr Joseph Mercola

Hydrogen Water has restored the natural growth of brain cells in certain studies (think dementia)

Drinking hydrogen water has been shown to decrease cholesterol and improve glucose tolerance in a human study (think diabetes)
In one study, 20 patients with early rheumatoid arthritis drank half a litre (17 ounces)  per day of hydrogen water for 4 weeks. By the end of the study, all patients were in remission.

I could go on and on. There are currently almost 1,000 studies showing that hydrogen water helps relieve symptoms for over 150 diseases.

As you know, my own docu-series have focused on the critical importance of doing a detox — removing the chemicals and heavy metal toxins that have accumulated in your body over many years. Well, having the right water is totally crucial in that process. Totally pure, well-filtered water is a key building block to health — and adding Hydrogen “supercharges” that water into something on a different level.

I’m joining Trevor next Wednesday, July 31st at 6pm EST for a Hydrogen Water class to explain the benefits of this amazing water, and I’d love for you to join us. As well as myself, Trevor has invited the inventor of this amazing machine, and he has gone out and interviewed a few experts to find out what makes this so special.

These classes are always a lot of fun — some people attend them more than once — and you will have an opportunity to ask your own questions in the Q&A if you can join us live.

Registering and joining us is — of course — 100% free.

Looking forward to seeing you there,

Jonathan Otto

PS. We’ve also arranged a special “Health Secret” group buy with Paul (the inventor) to make some of the machines available on the night at a very special price if you want to experience the exciting health benefits for yourself!

10 Keto Diet Tips

10 Keto Diet Tips

A ketogenic diet is a very low carbohydrate, moderate protein and high fat based nutrition plan. A ketogenic diet trains the individual’s metabolism to run off of fatty acids or ketone bodies. This is called fat adapted, when the body has adapted to run off of fatty acids/ketones at rest.

This nutrition plan has been shown to improve insulin sensitivity and reduce inflammation. This leads to reduced risk of chronic disease as well as improved muscle development and fat metabolism.

I personally recommend a cyclic ketogenic diet for most of my clients where you go low-carb for 3 days and then have a slightly higher carbohydrate day, followed by 3 lower carb days. This cycles the body in and out of a state of ketosis and is beneficial for hormone balance while keeping inflammatory levels very low.

The biggest challenge with this nutrition plan is to get into and maintain the state of fat adaption. Here are several advanced ketogenic diet tips to get into and maintain ketosis.