“When you`ve got a private banking system trying to maximise profit [they call cash inefficient and therefore say we must get rid of it]. Take the profit motive away in banking, have a service mode instead for the general welfare and the public good and you have a completely different outlook on what banking should look like. And that is why you have other policies like Glass-Steagall separating out the speculative side of banking to the actually necessary retail side of banking. There`s a whole raft of policies that have been destroyed in the last 40 years that used to protect customers against the ravages of the private banks. We are talking about a dictatorship that is out of control..”.
Source: Australian Citizens Party
CITIZENS REPORT 20/01/2023 – Banks herding the vulnerable into danger / The sell-out of sovereignty
21 January 2023
1. Banks herding the vulnerable into danger
2. The sell-out of sovereignty that’s leading to war
Presented by Robert Barwick and Craig Isherwood