It is time for the Australian public to stand up to the criminal conduct by banks in Australia because they have a huge influence on our individual future with their control on superannuation funds. Thousands of Australians have already found that out with their retirement funds stolen by corrupt bank employees and then having to spend years trying to get it back.
I have already taken a step in the right direction as the video and photo below show.
The Labor Party’s pledge for a Royal Commission into widespread systemic corruption in the banking industry is long overdue but will not solve all the problems and the problems it does solve will be years away. Even so we need a Royal Commission as it will help put the spotlight on the corrupt banks at least for a couple of years.
Of course if Labor don’t win the next election we won’t have a Royal Commission anyhow. But the Australian Public shouldn’t be sitting back totally relying on the government of the day to solve the problem.
In recent times almost every bank has been knowingly involved in massive fraud either directly or indirectly stealing customer’s savings, so there is a lot of work to do for a Royal Commission.
Commonwealth Bank (CBA)
At the head of the list or close to it for banking corruption would have to be the Commonwealth Bank of Australia with the fraud in its superannuation division and Insurance division both being put under the spotlight for their corrupt and criminal practices. In 2014 the ABC’s Four Corners broadcast the story “Banking Bad” about fraud by investment advisors at the Commonwealth Bank and this year they broadcast the show “Money for Nothing“ about the bank ripping off people their life insurance. I have also written a number of articles about the corrupt conduct of the CBA. (Click here and here to read two recent articles)
The banks are not scared of the politicians because they have them in their hip pocket through all the bribes or some call it donations, they’re not scared of the law and they are not scared of bad media coverage. But there is one thing that does scare all large companies that’s “Grassroots Social Media Campaigns” because they know they cannot control it and it can spread like a bushfire.
I have been spent the last couple of days trying to get the ball rolling as the below video shows.
Click on the HD button at the bottom right hand corner of the video for better viewing. The video has also been uploaded to YouTube (Click here to watch)
It’s possible to take on anyone and everyone but there needs to be support. There also needs to be focus so I think the grassroots campaign should target one bank at a time starting with the Commonwealth. Hopefully the other banks will see what is happening and change their corrupt ways without a need for a campaign against them.
And with the federal election not far away it is one of the best times to drive issues. The above video was organised in a short time frame with a limited budget but still cost just over $350 for the posters and two paint canvasses to put the posters on. While the above video is a fair and reasonable effort and will anger the CBA management, if there was more time and a bigger budget the video could have been a lot better. For example, there could be more posters or large banners or banners on the back of a ute parked outside bank branches etc.
I know the video could have been a lot better if I had more time and resources as people were having a good read, a few people took photos and a couple congratulated me even though I was only at each spot for no more than 5 minutes.
The bottom line is there are a lot of things that can be done but it needs funding. The banks generally win because they have more funding. That is why it is important to support the crowdfunding campaign this website is running. If the funds are raised, then this site can take the fight to the banks a lot better and they can be beaten.
The crowdfunding campaign started well and has raised $3,531 of the targeted $80,000. But it has slowed a lot the last week or so. It is not an all or nothing campaign where you have to raise the full amount or you get nothing. All money donated comes into my bank account a few days after the donation. That is what helped fund the above video.
I finished a 6-month temp role at the end of March and have been waiting to see how the crowdfunding campaign goes before deciding if I need to get another job or can work full-time on this website. I still have a few weeks to focus on this site before making a decision. But I would much rather be working full-time on KCA. If we can raise enough I would like to do another video like the one above. But this time bigger and better.
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