A Raft Of Changes Will Hit Us This Year!

A significant number of legislative changes came in with the New Year, I had started to make a list for my post then discovered the Charis Chang at New.Com.au did it for me. And folks there are several important changes which will hit. There are changes to government payments, new distinctive collars for dangerous dogs and an Australian-first program to get more women into the construction industry. And one which is important, but hardly discussed is Land Tax changes in Victoria, and the raft of Superannuation changes now in effect.

Here are some of the changes that will begin with the new year.

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

You Are At Financial Risk Unless This Is Fixed….

At least 200,000 Australians have lost money thanks to inadequate regulation by APRA, worth at least $40 billion dollars. I am joined by Robbie Barwick from the CItizens Party as we explore this unfortunate but engineered situation, which has enabled the Government to look away, and ASIC claim it is not their problem , when it is clearly is.

As a result, it is likely more people will experience further losses, not because of adverse market movements, but because of poor or non-existent regulation. This has to change, and the current inquiry is a mechanism to achieve this….

https://www.theregional.com.au/post/what-anyone-making-a-submission-to-australia-s-latest-regional-banking-inquiry-should-know-first

Background Briefing on Nicholas Moore and Macquarie Bank:

https://www.abc.net.au/radionational/programs/backgroundbriefing/biggest-finance-scandal-macquarie-bank-cum-ex/13648602

ABC 730 Should ASIC have acted sooner to protect victims of collapsed housing scheme?

https://www.abc.net.au/7.30/should-asic-have-acted-sooner-to-protect-victims/13655976

CSLR inquiry:

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

Citizens Party release:

Call to all financial victims: join the fight to make the bankers and their protectors pay!

https://citizensparty.org.au/media-releases/call-all-financial-victims-join-fight-make-bankers-and-their-protectors-pay

Interview with Peter Johnston:

CITIZENS INSIGHT – Nobody is safe in the financial system unless the Government rights this wrong!

Regional Banking Taskforce

https://treasury.gov.au/consultation/c2021-222961

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

You Could Lose Your House!

Property hi-jacking is on the rise. We look at the issue and what precautions people may be able to take. And will digital transfers make it more common?

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

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

A Sterling Opportunity To Clean Out Corruption

I discuss the latest on the ASIC inquiry relating to Sterling First with Robbie Barwick from the Citizens party.

Senate Economics References Committee inquiry Sterling Income Trust website:
https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/SterlingIncomeTrust

Citizens Party membership page:
https://shop.citizensparty.org.au/collections/memberships/products/party-membership

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

Banks Still Behaving Badly: The DFA Daily 26th Oct 2021

In today’s show we look at how banks are debanking some of their customers, the formal end of CBA’s Dollarmite scheme, and how digital nudges are being used to influence us. Plus insights about the upcoming so-called great resignation.

This is the latest edition of our finance and property news digest with a distinctively Australian flavour.

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

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

The Programmable Finance Trap! [Podcast]

We need to think ahead as to how Digital Identity, Central Bank Digital Currency and Programmable Money will interact, and ask the all-important question are we comfortable with these developments. Who is in control, and to what extent will we really be able to opt out?

CONTENTS

0:00 Start
00:15 Introduction
01:05 Should A CBDC Be Programmable?
03:55 We Already Have Directed Spending
05:09 BasicsCard and Cashless Debit Card
08:22 Tracking Transactions and Directing Payments
09:00 Digital Euro
09:45 Digital US Dollar
10:45 The Bitcoin Proxy
11:10 China CBDC Pilot and Social Score
19:10 Current Digital Identity Consultation
21:58 Current Issues
22:45 27th October Deadline
23:00 Summary and Conclusions

As I reported earlier in the week a Senate inquiry has recommended that Treasury should lead a policy review of the viability of a retail central bank digital currency in Australia. This is something the Reserve Bank of Australia has been reluctant to entertain given it could increase the likelihood of a run on commercial bank deposits in a crisis. In fact, the RBA has been focussing on Commercial orientated CBDC pilots. But the Senate committee has asked Treasury to study the case for creating a retail ‘central bank digital currency’ to compete with private currencies being created by tech companies.

But what are we really getting into here? Well, back in June The Bank of England called on ministers to decide whether a central bank digital currency should be “programmable”, ultimately giving the issuer control over how it is spent by the recipient.

I suspect many will be totally unaware of Australian Digital Identity Programme and the current inquiry which is running. You have until 27th October to make a submission.

But my point is, say the Government gave you an account at the Reserve Bank, for digital currency, but to access it you needed a Digital ID, and the funds were programmable. Not only would spending be tracked, but certain types of transactions could be encouraged or restricted. Combined the Governments tentacles of control would be extended, and our liberties further eroded.

My worry is that we may be heading for an Aldous Huxley’s, Brave New World which will be controlled by the central planners. Even as we speak, the components are being strung together. So time to have your say.

https://www.digitalidentity.gov.au/

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

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The Programmable Finance Trap! [Podcast]
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A Real Digital Road Map?

Those following this channel will know I am a believer in the future disruption of the financial system thanks to the emerging digital landscape, which is powered by the blockchain, and of which Bitcoin is merely the first faltering steps on the journey to a decentralised financial system, which may ultimately remove the need for banks, and perhaps even central banks. Yet I also highlight the risks in the system right now, it is the wild west, to quote the head of the SEC.

On that journey, Australia’s cryptocurrency industry needs a robust policy and regulatory framework if the country wants to compete with other global financial hubs that are targeting one of the fastest growing areas of finance. Such a framework is needed to protect consumers, promote investment, facilitate enhanced market competition and provide a structure where innovation can thrive, the Senate Select Committee on Australia as a Technology and Financial Centre said in a draft 150-page report Australia as a Technology and Financial Centre (ATFC) which has just been released.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

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

The DNA Of A Surveillance State [Podcast]

We have been trained to accept QR code check-ins, and now vaccine passports are coming. But this is morphing more into a dystopian 1984 future. So for philosophical Sunday we look at this issue, in the light of China’s trajectory of control, and recent attempts by Police to access data for normal criminal investigations, not directly connected with the current emergency.

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

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The DNA Of A Surveillance State [Podcast]
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