Authored by Mike Shedlock via MishTalk.com,
Ian Narev, the CEO of Commonwealth Bank of Australia (CBA), the nation’s largest bank is set to step down amid money laundering charges.
Money laundering is big business in Australia because regulations do not cover lawyers, real estate agents, accountants, and CEOs ignoring warnings from police.
Despite the obvious problem, it’s cash itself that gets the blame.
Submitted by Koos Jansen, BullionStar.com.
My best estimate as of June 2017 with respect to total above ground gold reserves within the Chinese domestic market is 20,193 tonnes. The majority of these reserves are held by the citizenry, an estimated 16,193 tonnes; the residual 4,000 tonnes, which is a speculative yet conservative estimate, is held by the Chinese central bank the People’s Bank of China.
Chris Uhlmann, the political editor at the government-funded Australian Broadcasting Corporation, is now a 'celebrity' worldwide after his anti-Trump tirade live on Aussie TV went viral on Twitter.
As The Hill reports, his blistering critique began by calling Trump an “uneasy, lonely, awkward figure” who had “no desire and no capacity to lead the world” in a two-minute report from the streets of Hamburg after the summit wrapped up.
Authored by Joe Hildebrand and John Adams via News.com.au,
AUSTRALIA has missed its chance to avoid a potential “economic apocalypse”, according to a former government guru who says that despite his warnings there are seven new signs we are too late to act.
Australians are dialing back their spending on everything from clothes to cars as sky-high housing costs, the result of a housing bubble fueled by Chinese buyers, threaten to finally derail the country’s twin asset bubbles - housing and stocks.
But rising mortgage debt isn’t the only thing squeezing Australian customers, as Reuters reports. Inflation on essential items like food, electricity and insurance is accelerating, meaning Australians are also paying higher prices for basic consumer goods.