Should Australia have her own national bank?

Plain & simply, yes or no.

 

Why take a backward step

 

Why would it be a backward step???

Especially with bankers trying to enslave entire nations through the current banking system of debt!!!

 

Can you not be so out of the top vague and try to please explain to us why it would be a backward step? I can't wait for you answer but I know you will not have one!

 

The Commonwealth Bank was a national bank from 1911 to 1991

 

Then after that scum bag Hawke sold (gave it) to the Rockefeller's....our money, bank accounts are now being raided by the Government to make up for the short fall of revenue the Commonwealth Bank provided....gee dude what are you trying to say?

What we are saying is Australia has been looted and you are just confirming it!

 

And what does this little outburst have to do with the question posed by the OP

 

So? The "backward step" was taken in 1991. Unless you can give a sensible reason for your post #2.

 

You suggested in your post # 2 that Australia regaining a National (peoples) Banks like the Commonwealth bank once was; would be taking a backward step.

May I ask you why you think an Australian bank owned by the people would be taking a backward step?

Not long after the Commonwealth bank was sold. All the foreign owned banks started to force the working people of Australia into having bank accounts for their wages to be deposited into. Remember when pensions were posted by cheque out in the mail. Recipients could then just cash them at the banks without being forced into paying fees on an account and the same for employees.

When the Commonwealth bank was sold, this instantly gave the foreign banks the perfect opportunity to gain access to every Australians money, by forcing them into opening a bank accounts, whereby they could then start to charge those people fees on those accounts. Not really sure if you could say that was taking a step forward.

They disguised this change under the concept of “armour guard” robberies that occurred at the same time. As a business, we understood the foreign owned banks started to impose massive fees for any business wanting cash delivered to their premises to pay staff, after the Commonwealth bank was sold. It was obvious they were up to something, but I don’t think anyone really understood at the time, what the impact of their greedy agenda was going to be, and how it would impact everyone’s life.

The commonwealth bank could give our Government interest free loans in times of disaster, and for major building projects. This all stopped when the Rothschild’s controlled central bank (Reserve Bank) took over the printing and distribution of the Australian currency.

 

It's water under the bridge, let it lie. I say tax em with the super profits tax!

 

Denial of their record of stupidity, clamouring for more greedy taxes to fund future F`ups. Pure ALP all the way.

 

Bank and mining super profits tax would still come under significantly lower than the taxes of the Howard government. Still keeps the money going round with investors so can't be too silly with ideas.....I've got money in them there banks!!

 

And no, I have NOT forgiven Hawke-Keating for this.
While privatisation was not new when this was done, it certainly opened the floodgates to the sell-off of whatever public assets could raise a quick buck.
I cannot recall one public asset being sold off without the claim that it would increase competition, thus lowering prices to the public.

The banks would be a great example of that happening; wouldn't they!!!!

 

Exactly, look at how the banks now react to interest rate drops, just as one small example. When the Com was publicly owned, we had leverage to keep the other rsoles honest.

 

So what I can gather is that when the ALP sells off something that's stupid but when the Libs sell off something it's a brilliant financial move that the ALP should learn from.

 

Not from where this little black duck is standing.
I'm one of those who believe that NO public asset should be sold off.

That means everything from the minerals in the ground to public transport.

 

This is often the case, owing to the incompetence of the ALP.

 

And yet, as shown by many countries around the world that tried the whole, "Let's try and run a surplus during a financial crisis," the Libs would have driven Australia into the ground during the GFC. No debt but 20% unemployment and everything falling apart is not good financial management.

 

Can you prove that?

 

Yeah, the rest of the world is (*)(*)(*)(*)ed and we're doing awesomely.

 

would these be the same countries that don't have the massive income of mining to help them ?

I wonder how we would of fared without the resource sector that we are and were lucky to have during this period.

To say that the other side of politics would of sent us broke, is at best a hypothetical remark. As we will never know.

 

Angry electricity customers threaten to fuel a voter backlash against any further move to privatise the state's power industry, amid record levels of NSW householders unable to pay soaring power bills.
A new Fairfax Media-Nielsen poll shows that

-

according to the Independent Pricing and Regulatory Tribunal, adding $654 to the annual bill. More than half the bill is driven by the cost of the transmission and distribution networks. This includes the increased cost of upgrading the electricity network's ''poles and wires''.
Increases in power bills are affecting more families, with


Read more: http://www.smh.com.au/nsw/power-price-revolt-20130330-2h06f.html#ixzz2P5JwMR9D



And not one mention of a Carbon Tax.....

 

How can any rational person in good conscience advocate that Australia did “awesome” through the GFC?

We have a totally incompetent Government that has put the Australian people in debt for $260 Billion and counting. An incompetent Government that is borrowing $100 million per week just to keep the country afloat, and trying to convince dumbarse people the country is doing “awesome”. LOL LOL

How many 10’s of $billions did this incompetent Government squander and waste on incompetent miss-managed projects & schemes, that the Australian tax payers finds they now have to repay.

How many 100’of $millions was squandered on this incompetent stupid Government sending out pensions payments to people who were dead, or were dead for years?

How many $billions squandered on giving Australian workers their one-off $1000 payments who were residents in other countries, or living in other countries at the time? Giving people who lived in other countries this money would have really contributed to them helping Australia’s financial situation… LOL LOL

I can see them all now instantly buying a ticket to fly back to Australia so they can spend that $1000 in Australia - LOL LOL

There is a major problem that backward dumbarse Australians have not woken up too yet. While Australian politicians took the easy road and borrowed their way out of the GFC, many other countries took the hard road, and have learnt valuable lessons from what happened; lessons little old Australians are yet to learn.

When they hit the wall, they will learn.

 

Yep, those other countries were indebted up to their eyeballs, attempting to keep their heads above water already. We were blessed to have had the mining industry, so lets soak it up and celebrate our good fortune! We are still nowhere As indebited as virtually all other nations. We sit at 25% of our GDP per debt ratio, other countries are sitting around 80% upwards! Those dumarses who want to cut off their noses to spite their faces are truly dumbarse a!

- - - Updated - - -

The continued to spin this as though the carbon price was a major factor, it didnt matter how much others reported this the mainstream media simply didnt want a bar of it!

 

Just like the horse & cart; Australia’s mining industry is going to last forever.

Just a thought, but how is Australia going to support its population, when it has nothing left to dig up and sell? LOL LOL

I suppose it will have to rely on its non-existent export manufacturing and agriculture. LOL LOL

Maybe it will survive on shopping centres; coffee shops and Asian $2 shops, because they are the only things being built in Australia. LOL LOL