Australia\u2019s corrupt banking establishment have used their cheap home-brand toilet paper, the Australian Financial Review, to attack the public opposition to the Morrison government\u2019s $10,000 cash ban.<\/p>\n\n\n\n
The sewer journalism by reliable bank shill Aaron Patrick, \u201cCash ban brings out the conspiracy theorists\u201d, published on 13 September, was a panicked response to one thing, as AFR conceded: that the explosive public opposition to the cash ban has been \u201ceffective\u201d.<\/p>\n\n\n\n
Now\u2019s the time to step up the fight. Members of Parliament who also oppose the cash ban, including one unnamed government MP reported by John Adams and Martin North on their Interests Of The People YouTube channel, are calling on Australians to redouble their efforts in calling MPs to object to this totalitarian policy.<\/p>\n\n\n\n
Click here to watch \u201cEXCLUSIVE: Government MP Will Oppose The Cash Ban!\u201d https:\/\/www.youtube.com\/watch?v=wf2j6JwH_5Q<\/p>\n\n\n\n
\u2018Conspiracy theories\u2019<\/p>\n\n\n\n
In his dishonest and lazy attack, Aaron Patrick tried desperately to belittle the opposition to the cash ban as based on conspiracy theories\u2014specifically the link between cash restrictions and negative interest rates\u2014and associate the opponents and media that have reported on it with \u201canti-Semitism\u201d due to the leading role of the Citizens Electoral Council, which he smeared as believers in a \u201cglobal Jewish banking conspiracy\u201d. To fabricate his slur, Patrick refused to talk to the CEC, and in his written communication with CEC Research Director Robert Barwick he dishonestly did not ask about a \u201cglobal Jewish banking conspiracy\u201d, just a \u201cglobal banking conspiracy\u201d, and he deliberately did not print Barwick\u2019s reply, which read:<\/p>\n\n\n\n
\u201cThe major banks in Australia and around the world operate as a private cartel. The regulators and central banks in almost every country, including the BIS, are captured by the private banking cartel, and as the royal commission showed they ignore and cover for the banks\u2019 crimes, allow their reckless speculation, and prop them up when they fail, at the expense of taxpayers and their customers. The global system is broken. Do you deny it?\u201d<\/p>\n\n\n\n
Patrick\u2019s attack is not aimed at convincing the general public, who don\u2019t read the AFR anyway. It\u2019s aimed at intimidating people, whether other opponents of the cash ban, other journalists who report on it, or politicians who oppose it, whose views on the matter might overlap those of the CEC.<\/p>\n\n\n\n
Questions for Aaron Patrick<\/p>\n\n\n\n
Ironically, if Aaron Patrick thinks the tactic of guilt by association (let alone fabricating slurs) is legitimate, it raises much bigger questions for him:<\/p>\n\n\n\n
Does Aaron Patrick stand by the AFR\u2019s track record of deliberately covering up atrocious bank crimes by attacking the innocent victims whose lives have been destroyed by the banks, attacking other media outlets that have exposed bank crimes, and attacking the politicians who tried to inquire into bank criminality and who fought for the banking royal commission?<\/p>\n\n\n\n
Did Aaron Patrick support AFR\u2019s opposition to the banking royal commission?<\/p>\n\n\n\n
Was Aaron Patrick surprised by the evidence of banking criminality that emerged from the royal commission? If so, why? Wasn\u2019t it his job as a senior finance journalist to investigate and expose such criminality? If not, why did he and AFR cover up banking crimes by not reporting them?<\/p>\n\n\n\n
These questions show Aaron Patrick is either an incompetent, lazy reporter, or a shameless propagandist for the criminal and predatory banks.<\/p>\n\n\n\n
AFR certainly is the latter. After failing to stop the royal commission from being called, AFR\u2019s 12 February 2018 editorial made this statement: \u201cThe financial sector royal commission \u2026 is fundamentally a political response to the core problem of dysfunctional politics, rather than of fundamental problems in Australia\u2019s banks. \u2026 [T]here is no evidence of systemic corruption, criminality or even widespread unethical behaviour in Australia\u2019s big banks.\u201d (Emphasis added.)<\/p>\n\n\n\n
Even in May 2018, by which time the revelations from the royal commission had proven AFR\u2019s editors to have been complicit liars for the banks, Aaron Patrick attacked the hundreds of BankWest customers who had had the rug completely pulled out from under their lives when CBA mass-foreclosed on their business loans following its takeover of BankWest in the middle of the global financial crisis in 2008. Perhaps reflecting a rushed analysis due to its too-short inquiry period, the royal commission wrongly found that CBA had no case to answer, but Patrick seized on this one case to slander bank victims by using terms such as \u201clie\u201d and \u201cconspiracy theory\u201d. Retired Sydney University political economist and veteran bank victims\u2019 advocate Evan Jones, in a 19 June 2018 article for Independent Australia, described Patrick\u2019s attack as \u201can exemplar of gutter press journalism\u201d.<\/p>\n\n\n\n
The real lie: the \u2018black economy\u2019<\/p>\n\n\n\n
Clearly the main reason for the AFR\u2019s hysterical attack on the CEC and other opponents of the cash ban is that the crooks at KPMG and the banks who want this ban hoped to avoid scrutiny, but now they can\u2019t. And the problem they have is that under scrutiny, their claims are quickly proven to be bogus.<\/p>\n\n\n\n
First, the claim that the cash ban is necessary to crack down on the black economy is a farce. The most authoritative study of black economies, by Medina and Schneider, shows that 1) Australia doesn\u2019t have a serious black economy problem, being the 10th smallest of 158 countries; 2) the size of Australia\u2019s black economy almost halved in 1991-2015, without any cash bans; and 3) near-cashless economies in Scandinavia, by comparison, have larger black economies than Australia does, and their black economies expanded after they went increasingly cashless. Click here for charts that prove this: https:\/\/cecaust.com.au\/australia-doesnt-have-serious-black-economy<\/p>\n\n\n\n
Second, the ulterior motive of restricting cash to trap people in banks so they can\u2019t escape negative interest rates is hardly a conspiracy theory, as it comes directly from the International Monetary Fund, which was cited by the 2017 Black Economy Taskforce report that recommended the $10,000 cash ban.<\/p>\n\n\n\n
Now\u2019s the time to escalate the fight against this totalitarian policy:<\/p>\n\n\n\n
Keep calling your MP and Senators, especially in the major parties to object to the law. Click here for contact details all Labor and cross-bench MPs and Senators https:\/\/cecaust.com.au\/sites\/default\/files\/2019-08\/opposition_crossbench.pdf; click here for contact details for all government MPs and Senators https:\/\/www.change.org\/p\/scott-morrison-stop-scott-morrison-from-banning-cash-to-trap-australians-in-banks\nSign and share the Change.org petition: Stop Scott Morrison from banning cash to trap Australians in banks! https:\/\/www.change.org\/p\/scott-morrison-stop-scott-morrison-from-banning-cash-to-trap-australians-in-banks<\/code><\/pre>\n","protected":false},"excerpt":{"rendered":"Australia\u2019s corrupt banking establishment have used their cheap home-brand toilet paper, the Australian Financial Review, to attack the public opposition to the Morrison government\u2019s $10,000 cash ban. The sewer journalism by reliable bank shill Aaron Patrick, \u201cCash ban brings out the conspiracy theorists\u201d, published on 13 September, was a panicked response to one thing, as … <\/p>\n