Any Royal Commission would be a waste of time, not one of our Pollies has a back bone and so nothing will change.

Yup, agree mostly with the article!

One should never forget that derivatives (bank products created by the clever people) brought the whole world teetering on the brink of enduring financial disaster.

Banks will do or say almost anything to avoid a royal commision?

Because it shines a very public spotlight on all the shady deals some so called bankers and powerful people, have been getting away with and indeed just how far out on a limb, some banks are are with regard to home mortgages.

However, if we are to have a royal commision and subsequent heads rolling, it really ought to be followed by the creation of a federal ICAC and empowered to eliminate/deal with all root, branch and twig corruption wherever it finds it!

And if we do create one and we should, we must ensure it has all the tools and resources to do the job.

For mine that must include compelled witnesses and covert, fool proof, unbeatable space age lie detection technology deployment to verify all the pertinent facts, or test sworn evidence.

Moreover, deliberate knowing perjury must result in enduring hard jail time and proceeds of (white collar)crime wealth forfeiture, even that transferred to a spouse or relative or offshore bank account, with hard time to continue until it is recovered!
Rhrosty.

We need a new way for money to be created outside the grab hand and interest paying ptivate banking cartels, here is how, pretty simple really:

http://www.resilience.org/stories/2016-04-12/mary-mellor-s-debt-or-democracy-why-not-quantitative-easing-for-people

Geoff

This quote from a banker is very very important. Read it and you will know why.

Montagu Norman, Governor of The Bank Of England 1924
Montagu Norman, Governor of The Bank Of England, addressing the United States Bankers' Association, NYC 1924. Said

 Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible.

 “When, through process of law [he meant “legal”], the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers.

 “These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance.

 “It is thus, by discrete action, we can secure for ourselves that which has been so well planned and so successfully accomplished.“

 NB: This quotation was reprinted in the Idaho Leader, USA, on 26th August 1924, and has been read into the Australian Federal Hansard twice: by John Evans MP, in 1926, and by MD Cowan MP, in the session of 1930-31.

Read the free Ebook, Banks Lie by Chris Fields from NSW. He tells you all the lies and deceptions the banks engage in.

There was a reason Henry Ford once said that its just as well that ordinary men and women do not understand how money works because if they did there would be a riot before morning.

Yes your right, that's why we have to be change we want to see.