Tag: Adams/North

ASIC’s Arrogance Is Out Of Control!

It is unbelievable that ASIC has started 2023 with an extraordinary attack on the Federal Parliament on the eve of a major inquiry about to examine ASIC’s investigation and enforcement performance.

Earlier this week, we had an extraordinary attack by ASIC on the Federal Parliament’s system of oversight.

Both outgoing Commissioner Sean Hughes and ASIC Chairman Longo has attacked Parliament’s oversight as inefficient and waste time!

ASIC will be appearing before Senate Estimates either on 15 or 16 February 2023, so this will be the next set of potential fireworks with Senators.

Senator Bragg and the Senate Economics References Committee has extending the deadline from Friday 3 February 2023 to Tuesday, 28 February 2023. Almost 4 weeks for submission relating to the ASIC Inquiry.

https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/ASICinvestigation

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Rest In Peace ASIC: 3rd February 2023!

Following on the amazing news from last week that John Adams and In the Interests of the People, didn’t just get one inquiry into ASIC, but two – we have new news!

One inquiry will be held by the Senate Economics References Committee – this inquiry was established by a 43-20 vote of the Australian Senate.

https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/ASICinvestigation

The other inquiry will be held to the Parliamentary Joint Committee on Corporations and Financial Services

https://www.aph.gov.au/Parliamentary_Business/Committees/Joint/Corporations_and_Financial_Services/ASICallegedmisconduct

Yesterday, 2 November 2022, the Senate Economics References Committee officially called for public submissions. The deadline submissions are 3 February 2023 – which is 3 months from now.

For all those people across Australia who have had significantly difficult experiences with ASIC, this is your opportunity to share your stories with the inquiry.

https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/ASICinvestigation/Terms_of_Reference

https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/How_to_make_a_submission

Go to the Walk The World Universe at https://walktheworld.com.au/

Simple Simon Exposes Worsening Disaster!

In the past week, Adams has published a new 25-page supplementary report examining ASIC’s FY 21-22 performance. Yesterday, this was sent to over 30 federal parliamentarians for their review.

ASIC’s FY 21-22 performance data is the worse in 11 years. The new supplementary report demonstrates the importance of why a stand-alone parliamentary inquiry is required.

There are major problems at ASIC and stakeholders across the country need to have their voices heard be being able to put their case forward to Parliament. The normal oversight hearings only allow ASIC to provide a one-sided distorted picture.

Adams will be going to Federal Parliament tomorrow to do the rounds and find what the sentiment is. It is imperative that the audience and the community at large become aware of what is happening with Australia’s police force and ensure that Parliament is aware of your stories.

We need to give Federal Parliament a push in order to get an inquiry up and going.

Go to the Walk The World Universe at https://walktheworld.com.au/

The Bombshell Adams Report

Today, Adams has officially released his independent 71-page independent ADAMS REPORT into ASIC’s handling of reports of misconduct.

This is something we have been building towards in the past few shows and now it is official.

https://www.abc.net.au/news/2022-10-06/corporate-watchdog-asic-investigates-less-than-1-per-cent-of-com/101498608

https://www.news.com.au/finance/business/other-industries/asic-slammed-for-investigating-just-1-per-cent-of-alleged-breaches-according-to-new-report/news-story/18478b55984ae852b3d9ce6d4d4e7afb

https://www.aph.gov.au/Senators_and_Members

Adams burned the midnight oil last weekend finalising the report. On Monday, Adams sent the embargoed copy of the report to 20 mainstream media organisations with the original source documents and an excel spreadsheet with all of the calculations utilised in the ADAMS REPORT.

Adams wanted to give the mainstream media 3 full days in which they could read the Adams report and verify the data, the calculations, the analysis and the claims. In much of what IOTP does relative to the mainstream media, we do the heavy lifting and back-up of analysis with original scholarship and insight.

In the past 24 hours, Adams has sent his report and official letters to over 30 Federal Parliamentarians including all the members of the Parliamentary Joint Committee on Corporations and Financial Services as well as Senate Economics References Committee.

Go to the Walk The World Universe at https://walktheworld.com.au/

Stopping The Paradise Of White Collar Crime

The next part of the John Adams quest in which we discuss how people are being ripped off by spurious investment schemes, and how the regulators are consistently asleep at the wheel. This is a problem not just here but in other western economies too. Investors beware!

Go to the Walk The World Universe at https://walktheworld.com.au/

Australia’s World Economic Forum Secret Agent?

What has become of our country?

We have learnt that Australia for the past two years have had a secret government behind our backs and even behind the backs of the Ministers of the Crown. Adams was beyond gobsmacked to learn that Scott Morrison had secretly appointed himself the Minister in 5 portfolios behind the backs of his ministers including the Ministry of Health; Ministry of Finance; Ministry of industry; and Ministry of Resources.

This was somehow done without the Governor-General in some cases and in other cases with the Governor-General! The Governor-General participated in a conspiracy of appointing ministers in secret without evening informing the substantive ministers or the Palace!

It is essential that Australians remember that we have a dual constitutional system: A written constitution (influence from America); and Convention (influence from Britain). Convention is an essential part of how our parliamentary system actually works.

Parliamentary practice has been developed over the course of centuries and people have literally died and gone to civil war to develop our conventions and to ensure that the rights of Parliament and the Parliamentary system remains intact.

Between the Governor-General, Morrison, Porter and some official inside the Department of the Prime Minister and Cabinet, Parliament, conventions and have been trashed.

Australians must fight in the new Orwellian Horror!

This week Australia’s living God made international headlines by declaring a research project into crypto currencies.

The Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC) in Australia.

https://www.rba.gov.au/media-releases/2022/mr-22-23.html

The RBA announce coincides with the announcement by the Senate Select Committee on Australia as a Technology and Financial Centre.

Australians need to ensure that the RBA and the Federal Parliament does not impose totalitarian control through the Central Bank Digital Currency. Australia is headed down a path with little democratic consent and there is a lot of uncertainty were public policy is going in Australia.

There is a possibility that CBDCs will improve economic life in Australia, but there is also a possibility that it may not. The RBA cannot be allowed to alter economic life in Australia without a democratic mandate.

The Prime Minister and Treasurer need to explain why CBDCs are being developed in Australia and what is the public policy case.

The Australian people must ensure that physical cash is never eliminated and that freedom and privacy remains the corner stone of Australia’s payment system and economic life.

Go to the Walk The World Universe at https://walktheworld.com.au/

Explosive Discussions within Federal Parliament

This week Adams went to Canberra in a whirlwind sweep of the Federal Parliament to discuss a variety of topics. Adams had the opportunity to speak to people within the Coalition, Labor, the UAP and One Nation.

Adams had a number of very frank conversations about the nature of Australia’s economic problems. In total, Adams had more than a dozen meetings over the course of 2 days with political figures and the media.

Australia is in the biggest economic mess since becoming a country. Politics is stopping sensible discussion of our national problems and the considering of the correct policy solutions. So in fear of the Australian people, politicians believe that as a community, the debt bubble is not able to be discussed.

The position of some in Parliament is that the unvarnished truth and common sense is beyond the Australian people. Accordingly, democracy is the problem. This was foretold centuries ago.

Go to the Walk The World Universe at https://walktheworld.com.au/

The Economic Establishment is in Full Panic!

Adams and North are back.

The past two weeks, Adams has been hosting seminars in Adelaide and Newcastle and they have been sold out events. The next seminar as part of his national road show will be in his home town of Wollongong on 18 August 2022 at City Diggers! https://www.eventbrite.com.au/e/staying-free-in-a-dangerous-world-australia-is-sailing-into-the-abyss-tickets-390438260347

The event is selling out fast and we have local celebrity and commercial radio announcer Maje Saba coming to MC the event. A link to the tickets can be found in the YouTube links.

Adams is intending to go to other parts of Australia in the weeks/months to come.

The economic establishment who in 2019 said there is no problem with debt and there was no debt bubble are now saying that they are concerned with rising interest rates to respond to inflation.

Christopher Joye knows that the house of cards can come down and this is why he is jumping up and down about aggressive rising interest rates. At the end of the day, Adams has been more correct about the dangers of debt, the impact of stimulus and the role that Australia’s foreign debt would have.

Choosing between protecting the debt or saving the Australian dollar is rapidly becoming a major decision point for Australian policy makes.

Christopher Joye dismissed my concerns as an expert in search of a headline! 3 years on and now Christopher Joye has changed its tune.

Last week, Joye wrote an extraordinary article calling the RBA “Inflation Nutters”! That they are raising rates too aggressively.

Humanity Moves Dangerously Closer to the Edge of the World

This week, we saw significant developments in both inflation, interest rates, bond yields and financial instability. Inflation is still running red hot and some central banks are putting an aggressive stance to combat this inflation through aggressive interest rates rises, however, the real test of central bank resolve is soon approaching.

Adams suspects much faster than what people anticipates. Adams believes that the central bank pivot is coming because the implications of the debt bubble unravelling go beyond just economics, as in the case in Sri Lanka political and social stability are also at risk.

The ruling elite will be looking at Sri Lanka and be extremely nervous about chaos and revolution in their own countries and whether they are at risk of losing political power or even worse – risk of imprisonment or assassination.

Go to the Walk The World Universe at https://walktheworld.com.au/