Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Join me for a live discussion with Robbie Barwick from the Australian Citizens Party. In this show we will dissect the current financial system and consider how banking can be brought into line to serve the people, not profit from them.
You can ask a question live!
Go to the Walk The World Universe at https://walktheworld.com.au/
More from Dale Webster of The Regional on the important issue of bank branch closures. She calls out the political inaction so far, including from our Treasurer and Finance Minister, who wins “porky of the year!”
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
An important article from The Regional’s Dale Webster, published in Independent Australia, highlighting the lies being told to try to justify the removal of banking services from Regional Australia.
https://www.theregional.com.au/
The truth is bank employees are being incentivized to lose their own jobs, and local communities are being crushed by the loss of critical services, while Politicians watch from the sidelines and in fact are complicit.
Banks are destroying their social licence, in the interests of short-term profit.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with the CEO of BTC Markets to discuss the broader perspectives on Crypto in the light of FTX.
https://www.btcmarkets.net/about-us
Perhaps we should be careful not to put the baby out with the bathwater!
“Our vision is to build the digital financial infrastructure for the future. We are moving forward with that overarching and audacious strategy and can clearly see how this will roll out.” Caroline Bowler CEO, BTC Markets
Go to the Walk The World Universe at https://walktheworld.com.au/
My latest Friday afternoon chat with Journalist Tarric Brooker, as we walk through the key charts as we come to the end of 2022. So, what might 2023 look like?
Go to the Walk The World Universe at https://walktheworld.com.au/
Links to Tarric’s charts and recent articles:
https://avidcom.substack.com/p/charts-that-matter-9th-december?sd=pf
https://avidcom.substack.com/p/how-long-can-australians-keep-spending
An important call to arms with Robbie Barwick from the Australian Citizens Party, aimed at saving SIX bank branches which are ear-marked for closure in the next few days, leaving more communities in the lurch, without property banking services in the community.
In the next fortnight, the big banks which gorge themselves on massive profits from taxpayer support will shut down branches in 10 regional towns around Australia.
Six of those towns will lose their last bank, which will be a massive blow to the local economy and community. They are:
NSW
• Bombala NAB: closing 8 December
QLD
• Dysart NAB: closing 15 December
WA
• Tom Price Westpac: closing 16 December
• Wongan Hills Westpac: closing 16 December
SA
• Mannum BankSA (Westpac): closing 16 December
• Yankalilla BankSA (Westpac): closing 9 December
Please call the Treasurer, and Members relevant to the state in which the branches are located and demand that the Government intervenes to stop this community damage from occurring.
https://citizensparty.org.au/dec-branch-closures-contact
Contact details:
Treasurer Jim Chalmers: 02 6277 7340 (Parliament) 07 3299 5910 (Electorate)
Eden-Monaro MP Kirsty McBain: 02 6284 2442 (Bombala NAB branch)
Capricornia MP Michelle Landry: 07 4922 6604 (Dysart NAB)
Durack MP Melissa Price: 08 9964 2195 (Geraldton) 08 9041 1749 (Merredin) (Tom Price and Wongan Hills Westpacs)
Barker MP Tony Pasin: 08 8531 2466 (Mannum BankSA)
Mayo MP Rebekha Sharkie: 08 8398 5566 (Yankalilla BankSA)
Gilmore MP Fiona Phillips: 02 4423 1782 (Vincentia Westpac)
O’Connor MP Rick Wilson: 08 9842 2777 (Collie and Bridgetown Westpacs)
Wright MP Scott Bucholz: 07 5541 0150 (Laidley NAB)
Go to the Walk The World Universe at https://walktheworld.com.au/
A segment from a recent Senate debate (28th November) in which the question of who is pulling the strings on banking policy in Australia.
The context was the failure to get a bill up covering fines for poor bank executive behaviour, a compensation scheme and measures relating to consumer protection.
Financial Services Minister Stephen Jones pulled the bill after heavy lobbying from the banking industry.
The debate highlighted some important questions and critical themes – watch it through to the end to see Senator McKim and Senator Rennick let fly….
Go to the Walk The World Universe at https://walktheworld.com.au/
I discuss the latest developments on the war on cash with Robbie Barwick from the Citizens Party. In the final sitting week, it’s time to give the politicians a final serve in the interests of the people!
Call Minister Stephen Jones and Labor Senators today to protest capitulation to the banks!
Message:
I’m calling to object to Labor’s capitulation to the banks!
Labor must stand up to the banks by doing two things this week:
Minister for Financial Services Stephen Jones: (02) 6277 7230 Stephen.Jones.MP@aph.gov.au
Click here to find the contact details of the Labor Senators from your state. https://cec.enudgemail.com.au/securl.php?nudge=y1052zpr1128&link=12460&email=robbie@citizensparty.org.au
Choice campaign webpage: https://action.choice.com.au/page/118203/action/1
Coalition banking inquiry blamed for mass branch closures
https://independentaustralia.net/politics/politics-display/coalition-banking-inquiry-blamed-for-mass-branch-closures,17015
Go to the Walk The World Universe at https://walktheworld.com.au/
How is it that commercial interests can gain control of an important Government inquiry? This is the excellent question posed by Dale Webster at The Regional. The Regional Banking Taskforce was, she says, stacked by bankers, and its outcomes were pretty much biased from day one.
The current Government are also culpable.
We need a proper inquiry in Regional Banking services, as Dale and I highlighted in our recent joint letter to the Senate. Please get behind it!
Our submission is available to view here and download : https://digitalfinanceanalytics.com/blog/loss-of-in-person-banking-letter-to-rarat-committee/
And a list of Senators by state is available here: https://citizensparty.org.au/aus-senate
If you care about the economic future of our regional towns and suburbs, then please contact your local Senators and tell them that they should support the initiative, ideally over the next few days, so as to create maximum impact in the final sitting week of the year.
The Regional: https://www.theregional.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
Laws to implement some of the remaining recommendations from the Hayne Royal Commission, including penalties for bankers supported by the Greens was pulled yesterday, thanks to direct pressure applied by the banking industry and their lobbyists.
As a result, legislation to sharpen up protection of consumer credit were also shelved, and a number of customers with specific complaints in the works are now in limbo.
A weak Government, whose strings are being pulled by the Bankers?
Go to the Walk The World Universe at https://walktheworld.com.au/