(RT) WikiLeaks has accused the Australian government of blindfolding the public with the worst suppression order in “living memory.” The media gag bans Australian news outlets from reporting on a multinational corruption case for reasons of national security.
The whistleblowing organization published the details of the “unprecedented” gag order issued by the Australian government on Wednesday. The super injunction passed by the Supreme Court of the state of Victoria prohibits Australian media organizations from publishing material on a multi-million-dollar graft case involving high-ranking officials from Malaysia, Indonesia, Vietnam and the Reserve Bank of Australia (RBA). Read more
(SMH) The Australian Taxation Office’s internal culture is so poor that its ability to do its job is in danger, according to a scathing internal report.
The frank assessment, obtained though freedom of information laws, shows an organisation hamstrung by bureaucracy, risk aversion and internal empire building and in urgent need of sweeping “reinvention”.
The report found that a third of ATO workers disagreed that a climate of trust and respect existed in their workplaces and 38 per cent of workers thought taxpayers were not dealt with in an acceptable timeframe. Read more
(AustraliaMatters) Rather close to home – this aired on main stream New Zealand television. According to the RBA money museum, Australian money hasn’t been backed by gold since 1933. So whats the Aussie dollar backed by now? We’re supposedly a “goods based economy”. With our manufacturing around 8.5% and falling, we’re not manufacturing much wealth anymore thanks to the global workshop called China. I emailed the RBA a few years back asking how much the production cost of one specimen with “100” written on it cost to make. I was told “20 cents”. I wonder who pockets the remaining $99.80 without breaking a sweat. It’s all about historical usury and the descendants of those that have been ripping the goyim off for thousands of years. I’m no fan of Islam, but at least they frown on usury. The Vatican banned it there for a while as well. Ow well, off you go and grunt and groan for your 20 cent plastic rewards.
(The Telegraph) WHEN the scandal-ridden Whitlam Labor government hit the fiscal bricks in the mid-seventies it turned to Pakistani Tirath Khemlani to act as a conduit for a $4 billion petrodollar loan. […]
Over the past four years, the Labor government has lifted the debt ceiling four times, from $75 billion, to $200 billion, to $250 billion and now $300 billion. On each occasion Treasurer Wayne Swan has earnestly promised not to exceed the total debt limit. […]
Net debt interest will rise to $8.2 billion a year and each day we will be paying $22 million in interest alone on Labor’s debt. […]
(3CR COMMUNITY RADIO) Renegade Economists 22.08.2012: In show 250 Denise Brailey (bfcsa.com.au) discusses Australia’s emerging low doc loan scandal – how banks have fabricated income capacities to push borrowers further into debt. This is groundbreaking news that the court systems are judging as fraudulent.
Editors note: Bank brokers were using “1 Day ABN” numbers to make retried pensioners look like small business owners. Brokers were over inflating yearly income statements leaving some loan holders looking to relatives assets to cover repayments. You think the ATO cares about this? Their silence is deafening.
This week, CEC Report hosts, Robert Barwick and Craig Isherwood, discuss the following three items:
1. LIBOR tentacles reach deep into Australia
2. Treason Dossier: Australia’s casino economy
3. HSBC: British banking system is all drugs, drugs, drugs