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Byron Shire
May 7, 2021

Stolen money

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Ann Carter, Mullumbimby

If banking legislation gets the ‘Yes’ vote this November in Australia, the banks will be able to steal your money, legally, out of your account and use your money to prop themselves up, and support their risky financial practices.

Your money will no longer be safe in any bank in Australia, if this legislation gets approved.

In addition, banks will be able to limit cash withdrawals to $10,000, meaning that you won’t be able to rescue your own money by taking it out of your account.

Hate to frighten you all, but this scares the pants off me!

Since the Global Financial Crisis this legislation has already gone through in other countries, such as Greece, where people have had half their life savings stolen out of their accounts – legally – by the banks.

You can help this legislation to be voted out in Australia by signing the petition at www.citizenparty.org.au. The petition also calls for a safeguarded savings bank, just like in the good ole days of the Commonwealth Bank of Australia.

This dreadful legislation is being presented to Parliament in November, so your signature on this petition now is vital.

You can also write to your local Member of Parliament Tamara Smith, MP at: [email protected].

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3 COMMENTS

  1. What nonsense. The Government is legislating to limit large cash transactions, which are largely used to avoid tax, maximise Centrelink benifits and launder proceeds of crime. Opppose the legislation only if you want to protect criminals and those who rip off the rest of the public.

  2. The Australian Citizens Party hired a QC to deduce the meaning of this banking legislation and he found that if it was in the best interests of depositors, then the banks could indeed bail in deposits.
    Similar Bail-In legislation appeared in several countries around he same time. The bail-ins are not limited to deposits either. After all Bail-Ins are for the “Common Good”. So
    Once they eliminate cash and move to all digital currency, we wont have to worry anymore.
    As the world economic forum says “in the future you will own nothing and be happy about it”.
    Back to serfdom once again.

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