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How much has your insurance increased? For some, insurance costs have increased by as much as ten times. While many insurance companies operate under Australian brands, they are actually controlled by foreign multinational investment funds like BlackRock, Vanguard, State Street, and Goldman Sachs. These foreign entities influence our government to push climate change propaganda, which they then use as an excuse to drastically increase insurance premiums.

Only One Nation can be trusted to say no to the foreign corporate cartel, ensuring more affordable insurance for Australians.

Transcript

My question is to the Minister representing the Minister for Financial Services, Senator Gallagher. Minister, Australians opening insurance renewals have been falling off their chairs. Brendan O’Malley from the Courier Mail reported in September that a homeowner on Cheviot Street in Brisbane had their insurance bill increase from $3,000 to $32,000 a year—more than 10 times. Queensland’s Suncorp Bank profited $379 million last year, while Suncorp Bank’s insurance division made a whopping $1.2 billion profit, more than triple that of their banking business. Why is your government letting insurance companies rob Queenslanders? 

Senator GALLAGHER: I don’t accept the proposition that Senator Roberts has put as part of his question. But I do accept and understand that insurance affordability is a real issue for Australian households and businesses, and it is something that the government is concerned about. You see in the inflation data that one of the big drivers of inflation is the costs around insurance. There are a number of reasons insurance premiums have increased in the last 12 months—it’s due to a range of factors—but I think Senator McAllister was talking about this earlier in the week. There have been more frequent and more intense hazard events, price inflation is making it more expensive to repair damages, and there is the global distribution of risk by reinsurers, which are having to cover the costs of earthquakes in New Zealand and hurricanes in Florida—that all has an impact on costs here. The government has established an Insurance Affordability and Natural Hazards Risk Reduction Taskforce within PM C to address the impacts of climate change and inflationary pressures that are driving up the cost of insurance. We are looking at what further steps the government can take, working with industry and stakeholders through the taskforce, including some things the insurers always raise this with me: risk mitigation, land use planning and other near-term opportunities to address affordability. 

The PRESIDENT: Senator Roberts, first supplementary? 

That insurance bill that I talked about before went up because Brisbane City Council published new climate scaremongering flood maps. The street never had a problem with flooding yet was included in a new zone marked for a one-in-2,000-year climate change doomsday flood. Minister, why are you letting insurance companies use baseless climate change scaremongering as an excuse to gouge billions at the expense of Queenslanders? 

Senator GALLAGHER: As I said in my previous answer, there are a range of drivers impacting on the cost of insurance. Some of it is around local hazardous events that we’ve had, including floods, and including floods in Brisbane and other areas of Queensland. But there are other reasons, like price inflation and like the reinsurance market, which is being affected by those big, global natural disasters that we’ve been seeing. Some would say—and I would say—these are caused by climate change. I accept that you might not agree with that. In relation to land use planning, that has been subject to a number of inquiries and reviews post the flooding, particularly in areas like Brisbane. Land use planning zoning maps have changed to reflect some of the risk associated with that, and that would feed into premiums not just in Queensland but around the country. 

The PRESIDENT: Senator Roberts, second supplementary? 

Foreign insurance companies own these insurance companies in Australia. Foreign multinational, global wealth funds and corporates like BlackRock, Vanguard, State Street and Goldman Sachs are the largest and control shareholders. Insurance is expensive, and the money goes overseas. Minister, why aren’t you doing anything to stop these insurance companies gouging Queenslanders and sending the profits overseas to multinational, global investors? 

Senator GALLAGHER: Certainly, I’ve already alluded to the fact of global distribution of risk by reinsurers. You talk about them. The global reinsurers affect the price of insurance here, as they do in other countries around the world. But I do not accept that we are not taking any action. We have established this taskforce to look at what further steps we can take to build on existing work, including in areas like risk mitigation and land use planning, as well as other steps to deal with some of these affordability challenges. This is a challenge not just in Queensland but around the country. 

I joined Efrat Fenigson on her podcast where we discussed the anti-human agenda and how it has manifested in Australia over the last several years. We discuss the climate change fraud, COVID injections, economic changes needed, Digital ID, and lots more.

Efrat’s Introduction

My guest today is Senator Malcolm Roberts, an Australian politician from Queensland and a member of the Australian Senate. With a background in engineering, mining, business and economics, Senator Roberts is a climate realist, challenging mainstream climate science and exposing lies in this field. Unlike most politicians these days, Senator Roberts is a Truth teller and does not shy away from any topic: public health, Covid, immigration, finance, economics, sexual education for children and more.

In this episode we talk about the anti-human globalist agenda and how it manifested in Australia over the past few years. We cover the Senator’s fight against climate fraud, his efforts to help Covid-19 jabs injured, to expose excess deaths and more, while holding politicians accountable, encouraging people to reclaim their power. The Senator criticizes the centralization of government and the media by globalists, introducing new levels of censorship on Australians. The conversation concludes with monetary and economic changes in Australia, including the move to a cashless society, CBDC, digital IDs, 15-minute cities and more.

The senator highlights the importance of simplicity and the power of individual responsibility in creating positive change and waking people up to the truth. He concludes with a message of hope, urging individuals to be proud of their humanity and to share information to help others become informed.

Chapters

00:00:00 Coming Up…
00:01:06 Introduction to Senator Roberts
00:03:19 Politicians in Today’s Reality
00:11:06 Ad Break: Trezor, Bitcoin Nashville, BTC Prague
00:13:03 Why Politics?
00:16:56 About Human Progress
00:23:04 Australian Politics & Activism
00:25:02 Political Structure in Australia
00:28:47 Balancing the Exaggerated Power of the State
00:30:38 Truth Telling, Simplicity & Education
00:35:02 Efrat’s Resistance to Green Pass During Covid
00:38:01 Senator’s Climate Fraud Views
00:44:30 How To Break The Narrative?
00:49:21 Admitting Being Fooled About Covid
00:55:40 Excess Death & Vaxx Injuries in Australia
01:03:08 Australia’s During Covid & Bigger Picture
01:12:46 Compensation Plan For Vaxx Injured
01:14:24 Media, Censorship & Fear in Australia
01:22:04 Role of Regulation, Legislation, Censorship
01:26:53 CBDC & Digital IDs in Australia
01:32:29 Globalists Vision For Useless Eaters
01:33:58 Money Agenda, Cashless Society & How To Fight Back
01:44:05 Protecting Your Wealth & Family
01:48:04 Bitcoin & Nation States
01:50:01 Globalists Control & A Message Of Hope

Links

The world’s predatory billionaires are continuing their quest to rule the world for their own benefit, with vassal states like Australia recently signing onto their latest power grab – the United Nations Pact for the Future.

Before this Pact can take effect in Australia, the Joint Standing Committee on Treaties will need to conduct an inquiry, followed by both Houses of Parliament voting for ratification. The public still has time to bring to heel the globalists running the Albanese Labor government.

The Pact is essentially a comprehensive wish list for global governance. On the upside, it lacks detail, firm language, and binding commitments. These were in the original draft but were removed to push the diluted document through. Even then, nine nations voted against moving towards a vote, and 40 more abstained. The UN doesn’t have the support it needs to press ahead with any significant theft of national sovereignty. However, that won’t stop some traitors in our Parliament and bureaucracy from handing it over, claiming that “the UN told us to.”

Only One Nation is committed to standing against the transfer of wealth and power to the world’s predatory billionaires and their lackeys in the United Nations, World Health Organisation and World Economic Forum.

Transcript

Last week the United Nations passed its Pact for the Future. Before the pact can come into effect in Australia, the Joint Standing Committee on Treaties has to do an inquiry, and then both houses of parliament vote for ratification. The public have time to bring to heal the globalists running the Albanese Labor government.

The pact is a comprehensive wish list for world governance with no detail and no implementation plan. There are 56 bold actions—really, they’re fluffy motherhood statements. For example, action 2, which I will quote in full, is:

Action 2. We will place the eradication of poverty at the centre of our efforts to achieve the 2030 Agenda.

21. Eradicating poverty, in all its forms and dimensions, including extreme poverty, is an imperative for all humankind. We decide to:

(a) Take comprehensive and targeted measures to eradicate poverty by addressing the multidimensional nature of poverty, including through rural development strategies and investments and innovations in the social sector, especially education and health;

(b) Take concrete actions to prevent people from falling back into poverty, including by establishing well-designed, sustainable and efficient social protection systems for all that are responsive to shocks.

That’s the entire section on eliminating poverty. It looks like the AI author trained only on children’s picture books.

Do you remember Labor’s failed slogan: ‘By 1990, no Australian child will be living in poverty’? The pact is not a pandemic treaty. The word ‘pandemic’ is not mentioned. COVID is not mentioned. The World Health Organization is not mentioned. There are no penalty clauses for noncompliance. There is no dispute clause, because the pact does not include anything tangible enough to dispute. In the formal vote to adopt, 45 nations opposed it or abstained. What happens now is that our globalist government will sign up to any and every theft of Australian sovereignty it can while saying, ‘The United Nations made me do it.’ No, the United Nations did not. Whatever nefarious attack on agriculture, standard of living, education and human rights the government is planning is entirely this government’s responsibility.

The World Health Organisation (WHO) has declared Monkeypox a global public health emergency, triggering emergency powers to drive vaccine sales that benefit big pharmaceutical companies with ties to the organisation. This decision serves corporate interests rather than public health. Regulatory agencies that are meant to protect the public fall under undue influence from the industries they regulate. The WHO is a corrupt organisation that is designed to funnel taxpayer money to its billionaire donors. Australian taxpayers gave $30 million to the WHO last year, likely as a show of loyalty.

Transparency is lacking. Major donors include Gavi, a vaccine alliance funded by corporations tied to predatory giants like BlackRock and Vanguard, who also own large shares in pharmaceutical companies. The WHO’s Monkeypox emergency, declared solely by its director-general, Tedros Ghebreyesus, highlights the unchecked power of the position. This decision created a market for four already-approved vaccines linked to companies backed by BlackRock and Vanguard, ensuring massive profits for their shareholders. A new Monkeypox vaccine is expected soon, likely fast-tracked by compromised regulators like Australia’s Therapeutic Goods Administration (TGA).

The WHO previously tried to raise alarm over Monkeypox but found little public concern, so they rebranded it as “Mpox” to push vaccine sales. This benefits the predatory billionaires who control vaccine companies, funnel money to Gavi and the WHO, and fund political parties, including Australia’s Liberal and Labor parties. Recent revelations show Anthony Fauci concealed plans to engineer a more deadly and highly transmissible Mpox virus. This “gain-of-function” research has pandemic potential and should be stopped immediately. It’s troubling that Australia’s CSIRO was involved in gain-of-function research for COVID-19, yet faces no consequences.

The WHO and the TGA have failed in their regulatory duties, serving political agendas rather than public interest. During COVID, the TGA prioritised government control over public health, and there are concerns the same will happen again with Mpox. Every Monkeypox case should be verified through public lab tests, especially as redacted data was used to justify COVID measures that harmed public health.

The time of blind trust in the WHO’s narrative is over; it’s now the age of ‘prove it’.

Transcript

The UN’s World Health Organization, the WHO, has declared monkeypox a public health emergency of international concern. This triggers WHO emergency powers to drive vaccine sales to financially benefit big pharmaceutical companies that donate to the WHO through their other commercial and ownership interests. The first thing a house of review like our Senate should do is ask, ‘Is this a legitimate decision?’ The answer is: it is not, no. The UN WHO has succumbed to regulatory capture—a troubling development in governance. That may plunge Western society into serfdom under large corporations. 

Regulatory capture occurs where a regulatory agency mandated to oversee and enforce rules to protect the public interest ends up under undue influence from companies with vested interests such as the entities it’s meant to regulate or special interest groups. This can result in the agency making decisions that prioritise the interests of these parties over the broader public interest. The New South Wales government lists six areas for regulatory capture: adherence to public interest principles; organisational culture; structure; processes; transparency; and staff experience. The WHO fails all six. 

I’ve often spoken about the corruption, cronyism and illegal behaviour of the World Health Organization; some of my WHO speeches are on my website. The WHO fails to hold staff accountable for misbehaviour, including rape and sexual assault. Its own investigators conclude the WHO is ‘rotten with rapists’—their words. It is a failure of organisational culture and of staffing quality. The WHO is a corrupt organisation whose decisions benefit its billionaire sponsors with substantial health interests. The scam is simple: take a disease that’s around for generations—firstly the flu, and more recently bird flu and now monkeypox; plant scary stories in a media desperate for clickbait articles; use the media driven fear to declare a pandemic; and then—payday!—mandate vaccines financially benefiting the billionaires that funded the media scare. This betrays the public interest. 

The WHO is a con, a fraud and a criminal enterprise designed to transfer wealth from taxpayers into the pockets of their billionaire donors and owners. It is an organisation to which Australian taxpayers gave $30 million last year despite them having $8 billion in financial assets; that donation was likely more about fealty than financing. Identifying the WHO’s donors is difficult since its annual accounts show 32 per cent of donations as ‘other’—another failure of transparency. One of the WHO’s major donors is Gavi, the globalist vaccine alliance of international academics, bureaucrats and pharmaceutical companies funded through corporate donations from companies whose share registers feature investment funds like BlackRock and Vanguard. They feature on big pharma share registries; they own big pharma. If Australia had racketeering laws this arrangement would be illegal. This is a failure in structure. 

The monkeypox declaration came from the WHO director-general, Tedros Ghebreyesus, acting alone. The process for making such an important decision is not meaningfully regulated and gives Ghebreyesus too much power to direct a worldwide health response. This is a failure of process, and it’s deliberate. The proclamation is designed to create an international market for new monkeypox vaccines. The WHO already have four approved vaccines for monkeypox: cidofovir, distributed through Pfizer; brincidofovir, manufactured and distributed through Chimerix, whose controlling shareholders include Vanguard and predatory wealth fund cronies; TPOXX, from Siga Pharmaceuticals, with shareholders BlackRock and Vanguard; and ACAM2000 from Emergent Biosolutions, whose largest shareholders are—wait for it—BlackRock and Vanguard. With these drugs the world’s predatory billionaires have decided it’s time for another fundraiser. All four drugs are off-label use—so, any day now, expect a killer new vaccine for monkeypox to be given the hosanna palm frond parade through our disgraced regulators like Canberra’s Therapeutic Goods Administration, the TGA. 

The WHO tested this scam a few years ago with a minor media fear campaign that discovered the public didn’t take something called monkeypox seriously. So they rebranded it as mpox. Amusingly, they claimed the name monkeypox was insulting to monkeys; monkeys have feelings too, you know! So mpox is monkeypox rebranded to sell more vaccines from vaccine companies who funnel the profits to the world’s predatory billionaires—those same billionaires who own the corporations that donate to Gavi and the WHO as well as fill the coffers of political parties around the world, including massive donations to both cheeks of the Liberal-Labor uniparty in this country. 

Last Tuesday, American congressional investigators revealed that, for nearly nine years, Anthony Fauci concealed plans to engineer a pandemic-capable mpox virus with high transmissibility and a case fatality rate of up to 15 per cent. That’s homicide. The gain-of-function project proposed through NIAID in America from virologist Bernard Moss was to splice genes conferring high pathogenicity from the clade I virus into the more transmissible clade II virus. The new chimeric virus or combined virus could have retained up to a 15 per cent fatality rate and a 2.4 reproductive rate—a measure of transmissibility—meaning, on average, every sick person could infect up to 2.4 other people, giving it pandemic potential. It’s marvellous, what it’s designed to do! 

We know gain-of-function research produced the COVID-19 virus. Is this monkeypox outbreak also man-made? 

Gain-of-function research serves no useful purpose and should be terminated immediately. It’s deeply troubling that Australia’s CSIRO admitted and bragged about its involvement in gain-of-function research that produced COVID-19. And now an online meme simply says: ‘They’re doing it again because you didn’t punish them last time.’ That’s truth indeed. 

The WHO fails all six elements of regulatory capture and so does Australia’s Therapeutic Goods Administration, the TGA. The TGA is not acting in public interest, which former New South Wales deputy ombudsman Chris Wheeler considers fundamental to representative democratic government. The TGA may claim that, during COVID, it was caught between the parliament, its direct employer, and the wider public. It chose to serve the government’s need for air cover for controls decided on political, not medical, grounds. The TGA should have read the findings of the 1990 WA Inc royal commission, which found: 

The institutions of government and the officials and agencies of government exist for the public, to serve the interests of the public. 

That’s clear. Yet, during COVID, the TGA chose a different path: to support their own agency, to the detriment of the public. What will the TGA do this time, with monkeypox? 

Monkeypox is transmitted through direct contact from sexual activity or intravenous drug use. A Philpot scientific study found 98.7 per cent of infections resulted from gay male sexual transmission. Transmission can occur through direct personal contact of the infected site. Infected animals can spread the disease. Asymptomatic spread, though, is, like COVID, an assertion with no evidence. The clade Ia variant of monkeypox can affect children. The clades currently circulating, though, clade Ib and II, have not been proven to infect children. 

Australia has two monkeypox vaccines approved for over-18s. Both are off-label repurposed drugs approved for smallpox. JYNNEOS from Bavarian Nordic uses cidofovir, which I mentioned earlier, as the active ingredient. Bavarian Nordic have an application in to America’s Food and Drug Administration to give this vaccine to children aged 12 to 18 and are in early testing to support their application to extend use to children aged two and above—two and above! Why does a child need a vaccine against a disease that’s predominately only transmitted through sexual contact or intravenous drug use? The case for a monkeypox vaccination program must be a very high bar for any person who does not engage in risky sexual activity. 

TGA’s website data from the 2022 monkeypox round of vaccinations in Australia shows 3,163 adverse events per 100,000 vaccinations—a staggeringly high three per cent. I note a study published in the journal Frontiers in Medicine, with authors from the University of New South Wales, entitled ‘Autoimmune blistering skin diseases triggered by COVID-19 vaccinations: an Australian case series’. This report found that COVID-19 vaccination either caused the recipient to develop autoimmune blistering disease or made the recipient’s existing condition worse. The cases are extremely rare, and, for once, I can agree with the TGA. I alert Australia to the chance that these outbreaks of a related disease could be mistaken for monkeypox. I note that autoimmune diseases and shingles—that is, herpes zoster—can intersect, and both are side effects of the COVID vaccines. If the Senate is going to be called on to support a monkeypox response, then it’s essential every case is verified through publicly disclosed laboratory testing. 

Page after page of redacted data was used to support COVID measures and the damage to public health is undeniable. It’s homicide. ‘Safe and effective’ was not one lie; it was two. People are not believing the UN World Health Organization mpox narrative. The time for blind trust is over. We’re now in the age of ‘prove it’. 

We don’t have four banks and two supermarkets in this country. We have one predatory group of foreign investors hiding behind different logos.

BlackRock, State Street, Vanguard, First State and others own large portions of the banks and supermarkets that are ripping Australians off the most.

Transcript

So, why does that happen? Why are foreign companies getting let off the hook? I’ll tell you why. It’s because many of even our large Australian companies are part-owned and controlled by foreign corporations. The major predators are BlackRock, Vanguard, State Street and First State. They own the four banks, sorry they own 10 per cent of the four banks combined and they own the controlling interest. They tell the banks what to do—BlackRock, State Street, Vanguard, First State and others in that little cohort of multinational predatory organisations. We don’t have four main banks. We have one main bank that is hiding behind four logos. That’s what we have. Same policies, same principles, same strategies, same products, same services. 

Coles and Woolies, again, Blackrock, State Street, Vanguard. Go right through our corporations in this country.  The corporations we thought were Australian owned, they’re foreign owned and controlled, and where does the money go? The profit goes overseas and what did the Morrison government do, along with the state premiers? Loaded it up so that foreign multinationals owning the large companies in this country made a killing out of COVID at the expense of small companies and small businesses. 

I’m concerned about the increasing influence of large, predatory merchant banks on the Australian economy. You’ve heard the names mentioned — Blackrock, First State, State Street, Vanguard and Norges. While their shareholdings may be small, typically 5 – 8% each, when they act together these shareholdings amount to a controlling interest over targeted industries.

These include our retailing duopoly, Coles and Woolworths and our Big-4 banks: Commonwealth, ANZ, NAB and Westpac/St George.

I asked the Australian Competition and Consumer Commission (ACCC) about the way that our banking sector behave like a monopoly — one set of owners with multiple logos. The answers were encouraging but the ACCC needs more power to control these predatory merchant banks.

I also asked about de-banking, which is the process that the Big-4 use their market power to harm or close businesses that compete with them, including cryto exchanges and bullion dealers. The biggest competitor of all though, is actually cash. Physical money competes with more traceable and profitable electronic banking. Banks are closing branches, pulling out ATMs and generally trying to engineer a cash-free society for their profit and control.

These questions were my first to ACCC in quite some time. The answers were sharp and well informed and I look forward to developing these lines of inquiry next estimates.

Transcript

CHAIR: Senator Roberts. 

Senator ROBERTS: We don’t call the ACCC very often because it seems you do a very good job. To improve banking competition—and that’s needed—do we need more regulation or more independent banks providing competition? Which is it? 

Ms Cass-Gottlieb: We want both. 

Senator ROBERTS: Okay! The ACCC refused permission for ANZ to acquire Suncorp bank on competition grounds? 

Ms Cass-Gottlieb: We did. 

Senator ROBERTS: That was a very good decision. Would it improve competition in Australian banking if Suncorp was now purchased by a third party not currently involved in banking? 

Ms Cass-Gottlieb: Firstly, I should note that ANZ and Suncorp have taken an action for review in the tribunal and that decision will come down next week, and so we await that decision. It may or may not be the same decision as the ACCC’s. However, our decision reflected that we were not satisfied that there would not be a substantial lessening of competition and either Suncorp continuing independent, as it is now, or being acquired by another party—one of the possible alternative transactions that was identified was, for instance, merger with an alternative regional bank or smaller bank—or by a party that is not currently a participant in the banking sector, would each retain the independent, competitive constraint. 

Senator ROBERTS: In your progress report on the digital platform services inquiry, you made the point that the ACCC continues to recommend the introduction of new and expanded industry-wide consumer measures, including prohibition on unfair trading practices. What industries or perhaps what context informed that request for more power? 

Ms Cass-Gottlieb: The ACCC is looking for that reform across the economy. We do see that, in terms of digital platforms—for instance, in online trading, subscription traps are a good example—there is a significant capacity to have unfair practices and processes that deprive consumers of the ability to make informed choices. But we do see these problems across the economy. The government is proceeding through a consultation process, which will conclude in November of this year, and we hope this will result in the introduction of an unfair trading practices prohibition across the economy. 

Senator ROBERTS: As to PEXA—I think they’re the conveyancing people? 

Ms Cass-Gottlieb: Yes. 

Senator ROBERTS: Would PEXA’s near-monopoly in electronic conveyancing be an area where you would like more power to keep an eye on their use of market power? 

Ms Cass-Gottlieb: We are hopeful that ARNECC, which is the current regulator, will be in a position to require compliance with the steps towards interoperability, which had been hoped for and planned, so that there will be a capacity to result in meaningful competition. 

Senator ROBERTS: You approved the merger of the Armaguard and Prosegur cash handling businesses—against opposition from the free market, which fears losing the ability to negotiate on price—with the justification of keeping these businesses going. Are you confident the merged entity is viable and capable of holding 90 per cent of the Australian market long-term—let’s say, up to 2030? 

Ms Cass-Gottlieb: It is correct that we did approve that merger on condition of an undertaking. We were particularly conscious of the matters that were put before us relating to the loss of viability for two competing providers of cash-in-transit services, as there was such a significant decrease in the use of cash, particularly brought on during the period of COVID. Under that undertaking, which is effective for three years, the merged entity is required to continue to offer the services to all locations that are currently serviced. It also limits the ability to reduce service levels and raise prices. We do monitor compliance with all undertakings we accept. We do know that the merged entity states that there have been further changes that call into question its continued viability. We have granted an interim authorisation that was sought by 20 members of the Australian Banking Association, the Reserve Bank of Australia, Treasury, Australia Post and suppliers of cash-in-transit services—a whole set—that were seeking to be able to negotiate to try to reach a resolution for continued cash-in-transit services on acceptable terms. As a condition of that interim authorisation, we required that there be public reports monthly in relation to the discussions, because it was quite a significant authorisation that we enabled for those negotiations. We have just this week received the first report, and it’s available on our register. 

Senator ROBERTS: Banks are refusing to accept or issue cash to profitable small players like Commander Security. This company has been de-banked by the big four and now even a customer owned bank. Banks are closing branches, pulling out ATMs and refusing to give cash to their own customers in a situation where identity and use of cash has been established. Cash is, in effect, a competitor to the bank’s dream and the customer’s nightmare of making a fee on every transaction and service every person makes. Are banks misusing their market power to eliminate cash as a competitor to their own electronic payment systems and drive customers to fee-paying services? That’s what it appears to be. 

Ms Cass-Gottlieb: We do currently have a misuse of market power action relating to financial services in the court against MasterCard. We certainly look closely at misuse of market power questions in relation to financial services. There are a series of complex questions in there, including on the closure of branches, which APRA does monitor and report on. We have also reported on our concerns in relation to the manner in which there is muted competition between the banks—for instance, in relation to retail deposit products—and sought recommended regulation that will better inform customers so they can better exercise choice in the products that they acquire. It is difficult to separate what changes are occurring commercially because of the changes in the economy— 

Senator ROBERTS: Yes, it is difficult to know who’s the horse and who’s the cart. 

Ms Cass-Gottlieb: Exactly—what the boundaries are. But we do look at all these questions very carefully, both in terms of enforcement and in terms of monitoring, and we are hoping to continue financial services monitoring because we think they are essential services for Australian families. 

Senator ROBERTS: Are you aware of the Senate inquiry into the closure of rural bank branches? 

Ms Cass-Gottlieb: Yes, we are. 

Senator ROBERTS: It seems quite clear from the one that I’ve taken part in that it’s the banks driving the reduction in cash. It seems very clear to us, but, anyway, that’s a matter for you. Banks are refusing to provide banking services to their customers. It’s not just private cash handling companies; it’s bullion dealers and legitimate cryptocurrencies being de-banked. Last week, Bankwest limited how much their customers could spend on buying crypto. Is this another case of the banks misusing their market power to harm the operation of a competitor, and is it worthy of your scrutiny? 

Ms Cass-Gottlieb: The ACCC participated in a working group and taskforce, together with APRA, the Reserve Bank, AUSTRAC and Treasury, with a concern about de-banking. One of the recommendations from that was that there needs to be better data collection, to be able to better measure and monitor the pattern of and conduct in de-banking, and also that there needs to be more clarity in terms of the anti-money-laundering and counterterrorism financing requirements, which are bases upon which banks say that they need to make risk assessments and, at times, de-bank. So there was a desire to try to reduce that conduct. 

CHAIR: This is your last question. 

Senator ROBERTS: Something that few people seem to be aware of—I’m guessing you are aware of that—is that the major banks, the big four banks, would seem to be one bank with four logos. I say that because their services are similar, their strategies are similar and their modes of operating are similar. They’re largely owned, as I said, by super funds who don’t take an active interest and by mums and dads who don’t take an active interest. That leaves a controlling interest in the hands of four or five major, predatory global companies: BlackRock, Vanguard, State Street, First State and one other. They control, it seems, the big four banks. The banks have enormous power here. They have enormous legal power. They’ve got deep pockets to hire the best lawyers. They’ve got complex regulations that they can hide behind and with which they can really beat up on an individual. They’ve got enormous market power. I think they have 90 per cent of the cash deposits. They have enormous financial power, and, as I said, they hide behind regulations. 

CHAIR: This is a very long last question, Senator Roberts. 

Senator ROBERTS: Is there any thought of giving scrutiny or understanding to the companies that I mentioned—BlackRock, Vanguard, State Street, First State—and their influence over each of the big four banks that they control? 

Ms Cass-Gottlieb: We’ve certainly been contemplating the benefits of continued monitoring, particularly in relation to key services that the banks provide. Also, a part of the Suncorp-ANZ decision looked at concerns in terms of the capacity of the major banks with very similar business models to engage in a problem of what is called ‘concerted effects’. In effect, their responses to competitive signals are similar because of their similar structures. So we are conscious of those risks, and we do seek, both through monitoring and through powers that we have in relation to concerted practices, to watch carefully for these sorts of concerns. 

Senator ROBERTS: We do know that BlackRock, Vanguard and State Street control a lot of major companies around the world and control a lot of companies and a lot of industries. 

CHAIR: Thank you, Senator Roberts. 

Senator ROBERTS: Thank you. 

I joined Maria Zeee for an early morning chat to discuss what’s driving the ongoing de-industrialisation of western civilisation.

It’s not just about climate, it’s about control of society and we are seeing this in Australia now.

The Queensland Government reached into people’s homes and took control of people’s air conditioners to ‘protect’ the weakened grid, which is suffering under unreliable solar and wind.

The World Economic Forum seeks control over the most mundane aspects of our lives, even how often you wash your jeans. While the temptation is to laugh at the hubris of these people, there is a genuinely evil agenda in place that theatre around frequency of washing is designed to distract us from.

Today I spoke about the interference of the globalist billionaires in our food production. This is disturbing. The campaign against farming is really a campaign against one of the mainstays of life. It is a campaign about control through a false scarcity of food.

The UN and the WEF seek control not only over food production, but energy and ultimately, global finance. It’s time the Australian parliament stands up for farmers and the rural communities. After all, no farmers no food. Only bugs and lab-grown ‘meat’.

Transcript

When the World Economic Forum launched their social media campaign in 2018 carrying the slogan, ‘You’ll own nothing and you’ll be happy,’ I thought that finally the predatory billionaires who try to run the world had shown their hand. The public could finally see their fate if the World Economic Forum are allowed to succeed. That didn’t happen. The media, who have the same owners as the World Economic Forum, persisted with calling the World Economic Forum’s evil agenda ‘a conspiracy theory’. Even in this place there are only a handful of senators with the courage to call out the agenda for what it is: economic exploitation and social control. 

Over the break, the World Economic Forum revealed another aspect of their plan and they launched a campaign against laundry. Yes, really—laundry! They said jeans should not be washed more than once a month and most other clothes washed once a week. You will wear dirty clothes and be smelly and happy, apparently.

The temptation is to laugh at their desire to control even mundane aspects of our lives, yet the truth is much more frightening than that. The World Economic Forum have now turned their evil agenda to food.

The campaign against farming is really a campaign against one of the necessities of life—food. Predatory, parasitic billionaires, owning near urban intensive production facilities, are producing food-like substances for the masses, forcing the public into acceptance of the World Economic Forum’s fake global warming scam. These are their own stated motives: control food and control people. Whoever controls the food supply controls the people. Whoever controls the energy can control whole continents. Whoever controls money can control the whole world. The World Economic Forum and the predatory billionaires they represent are currently trying to do all three.

The Greens, Labor and the globalist Liberals will, of course, support the World Economic Forum. It is time the Australian parliament stood up for farmers and rural communities and for all Australians. 

The World Economic Forum is not just an economic ‘think tank’. It isn’t just some bizarre entity that tries to insert itself into our lives with rules about how often we wash our jeans, drive our car, or eat red meat.

It’s the mouthpiece of the unseen hands manipulating world events.

All WEF vassal states, including Australia, are working on central bank digital currencies (CBDC) while simultaneously closing bank branches, eliminating cash and negatively influencing independent crypto currencies. By manipulating the price of Bitcoin (pump, dump, repeat), the unseen hand destroys trust in the non-CBDC. Explicitly, these governments are doing to nothing to protect or regulate crypto because the want private crypto currencies to fail.

How does this affect you? CBDCs are the ultimate control tool for governments. Censorship of free speech using misinformation laws is even more easily achieved when people’s finances are tied to a digital currency controlled by the government. A government promoting a dystopian future.

One Nation stands strongly opposed to the Labor party, the globalist Liberals and Greens promoting this dystopian future and coveting the power that comes with it. The choice for voters is clear.

Transcript

A popular quote reads: ‘Who controls the food supply controls the people. Who controls the energy can control a whole continent. Who controls money can control the whole world.’ Only the ignorant could possibly look at the world as it is in 2024 and think, ‘Nothing to see here.’ Farmers who are having their land confiscated under net zero measures are spraying effluent at politicians. Immigrants complaining about their handouts are causing violence across the West, including in our own Queensland communities. Anyone who sees our stagnant national wealth growth being divided among 10 million more people over the last decade knows there is less for everybody. Apparently no-one, having done the sums [inaudible], can deny this. War has broken out in multiple locations, and the mainstream media are doing their best to fan those flames into a third world war. 

The unseen hands that guide these world events have shown themselves via their mouthpiece, the World Economic Forum. Yesterday, I spoke of how the World Economic Forum was trying to control the world’s food and energy supply. Today, it’s the third element of the doctrine of global control: money. At the recent World Economic Forum Davos meeting, Christine Lagarde, head of the European Central Bank, announced a digital currency for the European Central Bank to ensure they remain the anchor of the European financial system to protect their power and control over money. All World Economic Forum vassal states, including Australia, are producing a central bank digital currency while at the same time closing bank branches, eliminating cash and manipulating nongovernment crypto. By 2030, the only payment mechanism will be their own digital currency and digital ID. It’s control of money. 

Then there’s a final element: a set of misinformation and disinformation laws that will ensure any attempt to speak as I am speaking here today will result in having my digital ID and digital currency turned off for misinformation. The ALP, globalists, the Liberals and the Greens are promoting this dystopian future, coveting the power that comes with it. One Nation stands strongly opposed. The choice for voters is clear.