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Citizens Electoral Council of Australia
Media Release Thursday, 20 April 2017
Craig Isherwood‚ National Secretary
PO Box 376‚ COBURG‚ VIC 3058
Phone: 1800 636 432
Email: cec@cecaust.com.au
Website: http://cec.cecaust.com.au
Australia sleepwalking to ‘economic Armageddon’, but ...
You can help stop it
“Australia sleepwalking to economic Armageddon” is the headline of a new Citizens Electoral Council brochure on the economic crisis that Australia is hurtling towards; the brochure also contains the solutions to that crisis.
In a series of colour charts, the brochure explains the three speculative “bubbles” that will smash the Australian economy when they burst: the derivatives bubble, the housing bubble, and the debt bubble.
Each bubble is a threat in its own right, but combined they represent the economic equivalent of Armageddon. There is rising panic among Australian officials about the housing bubble, which is justified, as its collapse will crash the Big Four banks.
The brochure also details the policies that all Australians must demand from the government if this crisis is to be averted. These policies are:
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a full Glass-Steagall separation of commercial banking from investment banking, to protect the real economy from a banking crash (the brochure explains the process by which Glass-Steagall would be implemented in Australia);
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a national bank to stabilise the financial system and invest public credit into infrastructure and industries that will revive the real economy and create thousands of jobs;
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a program of large-scale infrastructure development, including water projects, transportation projects such as a network of high-speed rail, and energy projects to guarantee cheap baseload power—all of which will stimulate and service the real economy.
Join the fight
You can help to avert this looming economic crisis! Join the CEC’s fight for the policies that will solve the crisis. You can:
Click here for a free copy of "Australia sleepwalking to economic Armageddon" (also order multiple copies to distribute).
Click here to join the CEC as a member.
Click here to refer others to receive regular email updates from the Citizens Electoral Council of Australia.
