"Australia’s bank inquiry sends shockwaves through global financial system
Australia’s banking royal commission could be the shot heard round the world in the global battle for nations to take back control of their financial systems from predatory speculators. There are signs the inquiry is starting to cause concern among the elite bankers of the City of London and Wall Street. Since the 2008 crash the banking cartel, despite being publicly reviled, has been able to maintain its corrupt political influence and block any meaningful government action to reform the financial system, especially the push to restore a Glass-Steagall separation of traditional banking from speculation. With Australia’s banks, which were previously held up as exemplars of sound management and regulation, now being exposed as criminal enterprises, there is obvious fear in London and Wall Street that it might inspire similar scrutiny and a similar political backlash that would fuel renewed calls for Glass-Steagall to end their too-big-to-fail extortion of the economy and political system."
Sauce: http://cecaust.com.au/releases/2018_05_10_Inquiry_Sends_Shockwaves.html
Sign the petition to pass Australian Glass-Steagall Bill: https://www.change.org/p/malcolm-turnbull-pass-australian-glass-steagall-bill-to-break-up-the-banks
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