Photo: TWA
Something coming on the horizon?
MANAGEMENT REVIEW
Australian financial regulators have revealed a review of the nation’s preparedness and management arrangements for “future banking turmoil”, following the speed of recent runs on lenders overseas.
“The council is assessing Australia’s crisis management settings to ensure they remain robust in light of international developments,” the regulators said in a quarterly statement this afternoon.
“Communication and coordination arrangements across the council agencies have also been reviewed and updated.”
The Council of Financial Regulators has four members:
- The Australian Prudential Regulation Authority
- The Australian Securities and Investments Commission
- The Australian Treasury
- The Reserve Bank of Australia.
RBA Governor Philip Lowe chairs the council.
Although Australian banks remain “well capitalised and resilient” and weren’t directly impacted by banking turmoil in Switzerland and the USA, the pace of the withdrawal of funds from banks in the digital age worried regulators and prompted them to review their preparations.
On domestic lending, the council backed a 3% serviceability buffer that banks need to apply on top of the existing mortgage rate to assess borrowers’ capacity to meet their repayments.
Australia’s cash rate currently stands at 4.1% and mortgage rates are running at around 6%, implying a borrower faces a 9% serviceability threshold to be approved for a loan.
“The council noted that the APRA would continue to assess the appropriateness of macroprudential policy settings as economic and financial conditions evolve.”
After locking the world down for two years, costing the economy hundreds of billions of dollars, the chickens are now coming home to roost, with grim forecasts set for the future.
But hey, at least we ‘stopped the spread’!
INTERNATIONAL WOES
In the US, regulators have shut down and sold three mid-size US banks since the beginning of March – Silicon Valley Bank, Signature Bank and First Republic.
The failures are the biggest to hit the US since the 2008 financial crisis.
In Europe, troubled Swiss giant Credit Suisse was perhaps the biggest story of the year, a major international player in its own right, is now being taken over by rival UBS in a forced rescue deal.
The collapses came after customers worried about the safety of their funds withdrew their money en masse, while U.S. regulators have said smaller independent banks will not be saved like large ones.
In recent months, economists have debated what types of implications these collapses could have for us here in Australia, fearing a trickle-down effect of distrust in banks.
Now, with this new review, it seems there may be some worry amongst regulators.
Many economists across the world are forecasting that a macroeconomic recession will begin in late 2023 and persist throughout 2024, which could spark another Great Depression scenario for the West.
Of course, when you peel back the layers a little bit further, you can see that this is all a designed implosion so the new-world central bank digital currencies (CBDC) will welcomes with open arms.
Similar to how the original Great Depression of the 1930s led to the normalisation of fiat-based currency after the introduction of the Federal Reserve system.
The Reserve Bank of Australia (RBA) is already trialling over a dozen CBDC pilot programs.
Once again, as was the case 100 years ago, the world is being transformed through a swirl of viral ‘virus outbreaks’, ‘wars’, and crippling inflation. One could almost say it was meant to be this way all along.
The great cycles of the ruling classes to ensure the masses remain firmly in their grips.
This time with be much different, however, with track-and-trace technology underpinning our modern world at every turn. This time, nobody will be able to spend a cent without ‘the eyes’ watching you.
Of course, this is their vision for the future.
When presented with this opportunity for a ‘new economic horizon’, Australians should say ‘no!’.
‘We don’t want your new system!’.
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We do say no, cash is king
Discussing with two business owners,1 smaller owners, pays ca $600 per month to accept Card Payments, the other owner with a number of shops pays $6000 every month???? A lot of money I suggested putting up a sign to tell customers know that this is what they have to pay to accept Credit card payments.. and of course prices go up>> I guess that is also the Excuse of big supermarkets that just roll it over the customer always pays! regardless of the “specials this week” and their pretend rewards>>>>> DATA collection so well hidden and how many % of people regularly pull out their card S…. the only rewards we used were Frequent Flyers when we WERE frequently flying for work O/S…
RUBBERY FIGURES! When it comes to SWINDLES@Oz.MS.Urseres.Cabal.Gov.RottenKids-BoE.Aewe, the list is infinite! Apart from the usual Plethora OF; CONVID-19, attributed to CONVID # Something, & numerous strain variants enough to make the average intellectual want to reinvent a functional origami Concrete mixer, The Cyber ‘Threat'(who guards the home Govt Overstep Surveillance/ Ed program- Fetish Lust? -Rhetorical), The Monkee CO2 business Climate something, An ongoing NON-Voice CONstitchTuition by the same Politic RheSuss Masses experiment, My Fav- Exchange rates = WHO, No not 1 of THE dodgy Globalist fronts in the UNunited nations Pig & a Poke (18 Yrs + legally, alternate conditions for 3rd world ) front office, – Who sets out a Çountry’s WORTH’? We’ll ask SBS FiNancies, if they can break away, for 5 minutes , from their usual ‘Programming’ of Local brain dead Gen Z operatives. Looking rather spectacular in a 2 piece, stripped pink/ Lime green/ Licorice allsort pant suit, adorned with an effigy of a purple penguin on the lapel, & a plunging neckline only restricted via a Scarlet red Belt, & topped off with a Yellow & black corpoRAT coloured demonic Tiara, we have the rep from CONNsec.
SBS Anchor ‘They/ Them; “So, Them (In keeping with current U.N. non use of pronouns) what’s an Ozzie worth on the World market currently? ”
CONNsec Rep – DILLIGAF Jones’, neo referred to as Them/They; “Yes & current exchange rates on Australian’s, where we don’t have Any issues, other than CONtrived local Inflationary issues strategically set up by the Australian Govt, with it’s statistics provided inhouse by the bureau of TOSSER [1]. So, They, currently a single Australian Únit’, is worth= 0.65 of 1 U.Sless Citizen (even with a U.S. on the books debt of $28,000,000,000,000 & ‘Loose Change'[Maybe 9/11 intent]/ Off the books PLUS $40,000,000,000,000- Trading @ 60% INsolvent @ the 28 [10{12}]’Marker’= O.K. & NOT HIGHLY INFLATIONARY (CAFO farms Gas outputs Not inclusive, Nor J.Biden his times Media Circus inputs) !- LOLOLOLOLOLOL!!)
Moving on, An Ozzie is only worth 0.55 of 1 U.K. citizen – WOW! Cherles PLUS Caramello = 1 Aussie unit! AND, an Aussie is worth 0.086 of 1 Canadian, in the land of Prime Minstrel CCP Trudy! Good news at last – You are worth 90% of 1 Japanese Citizen, & if your feeling in the mood to travel to the Trashed (With OUR Help during our Crusades Mk 2) Middle East, get use to being worth 0.2 of 1 Kuwaiti citizen = HOORAH! Break out the FLUoxtine Smoothies!
Snowden, ‘Exposed’ the Globalist reach back in 2012/13, about the Intel gathering & ‘Tie Up’ Çapabillities’ of THE Data gathering system/s. That’s 10 YEARS ago, with ‘Guarantees’ about personal security & protections- Including SWINDLE Çodes of CONduct’, from the MS Everything & Overlord Puppets, not worth the Breath or ‘Paper’ usage therein!
COMMONWEALTH BANK of AUSTRALIA – U.S.SEC Reg # CIK 0000008565 – in keeping with Fed Govt of OZ!
TELSTRA – CIK 0001947542/ 0001046126
Something in the CONstitution about NO Govt of the day, NOT being able ‘Flog off’ COMMON WEALTH assets – AT ALL??
[1] TOSSER -TurdsOperatingSystemsServingExternalRectals
(COMIC inputters Incl Govt., wish not to tell you that it’s a stock exchange – Gamble responsibly!)
Last; along with the usual ILLUSION that is Global eCONomics, the local banking fraternity, SOOoo eager to look after OZ Citizens during/ After [?](Until the Virus X circus starts ‘Touring’ soon) the CONJAB-19 PLANdemic, & SOoo keen to ‘Support’ the Neo proposed global Digi wallet, seem to have overlooked the fact that, THE Globalists, will Çome For’ the Local banks FIRST, before coming for Ús’! Why do THE globalists ‘Need’ the Banks, IF all ‘Processes’ are Handled / CONtrolled ONLINE? – Just a thought.
Wellness.
I think you should all take a look at John Titus’ last video on ‘Killer Whales’. He explains and proves that the latest banking collapse was orchestrated by several Whale accounts that all pulled billions of deposits out simultaneously and instantly which is impossible to do in the way the media is portraying. The FEDs pulled another heist right in plain view. 5 Billion.