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2016 Election Agenda: Break Up the Banks!To defeat the Anglo-American financial oligarchy driving these threats, including bail-in, we must destroy the financial power of the City of London and Wall Street, and their Australian arm, the Big Four banks and Macquarie. A Royal Commission into the banks is insufficient. We must break up Too Big To Fail banks, through a strict Glass-Steagall separation (page 4) of commercial banking, which includes deposits, from risky investment banking, stockbroking and insurance.We must also return to national banking, in which Australia's original Commonwealth Bank was once a world-leader: a government bank to create and direct masses of public credit into nation-building projects, including water, power and transportation infrastructure, and expanded agriculture and manufacturing. Contrary to media lies, Australia is hard-hit by the global financial crisis, evidenced in part by the prospect of a seventh prime minister in nine years— the population has quickly punished a succession of political leaders because they have stuck to the failed policies that destroyed our agro-industrial economy. However, if the nation is to survive, we Australians must demand the above solutions. The CEC is providing those solutions in its 2016 election policies, listed on page 4. To continue reading, download PDF below. Click here to download full New Citizen (PDF, 442 KB). Contents:
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